Virtual CFO Pekin IL

Get Guidance for Your Business from a Virtual CFO in Pekin IL

Are you wondering how your business might benefit from Martin Hood’s services as a virtual CFO in Pekin IL? Here are some of the benefits that are virtual CFO services can bring to you.

• Interpretation of your financial information that aids your business in making important and timely decisions.
• More streamlined accounting processes that manage the changing needs and rapid growth of your business.
• Hands-on advice to help to protect your business from new risks as your business grows and expands now and in the future.
• Preparation for the future with forecasting that transforms your business objectives into a plan of action.

Most small businesses cannot afford a full-time CFO. However, every business needs the establishment of company-wide goals. That is where a virtual CFO comes in. Whether it is forming procedures and programs aimed at growth or policies and practices that eliminate inefficiencies, your business can reap the benefits without the cost of an in-house CFO. A Martin Hood virtual CFO can nurture, support, and grow your vision into a reality. Contact us today for more information.

What Does a CFO Do?

It is only natural to wonder what services your business will receive from a Martin Hood virtual CFO in Pekin IL. However, the better question is: What does your business need a CFO to do? Many businesses make the mistake of hiring a CFO too early. Consequently, they wind up paying a hefty salary for little more than a bookkeeper. CFOs should do perform the necessary business operational tasks it takes to keep your business moving forward. Some of the functions a virtual CFO can provide include the following.

• Strategic planning
• Assessments of the financial health of your business
• Expense control and budgeting
• Implementation of financial reporting procedures
• Board and investor relations
• Capital and debt raises

What Is the Difference Between a CPA and a CFO?

This is another good question. Fortunately, Martin Hood professionals can assist you whether you think your business needs certified public accountants (CPA) or a virtual CFO in Pekin IL. CPAs and accountants record and track what your business has done. Meanwhile, CFOs focus on the future and getting your business building positive momentum for the future. Here’s a quick summary of CPAs and CFOs.

CPA

• Tax planning
• Preparation of tax returns
• Representation in front of the IRS for tax audits
• Payroll

CFO

• Management of your entire financial plan
• Guidance for important decisions
• Maximizing profits
• Investing assets
• Creation of proactive fundraising and tax plans
• Guidance that helps businesses during expansions, mergers, and acquisitions
• Protecting company assets with a safety net
• Identifying risks
• Managing insurance

Contact Our Virtual CFO in Pekin IL

Martin Hood goes beyond basic services from an accounting firm to offer your business more value. We offer a host of business advisory services, including services as a virtual CFO in Pekin IL. Give us a call now at 309-220-5519 for a free consultation. For more information, fill out our online contact form to email us your questions.