Running your own company is difficult, but also rewarding. As a small business owner, you want to see your company succeed, but in order to do so, you also have to have a handle on the financials. There’s no question that taking care of the day-to-day operation of your business is more than enough work for you to do on your own, but if you are also in charge of managing the financial tasks, it may be time to consider hiring a remote CFO. In today’s post, we will go over a few signs that it is time to hire a remote CFO.

Giving someone the access to all of your financial information can be scary, therefore, you want to be certain that you are hiring a remote CFO that you can trust. At QualiTax, our Annapolis CPAs have the skills and knowledge to help you with all of your financial needs. Whether you’re in need of small business tax services, accounting services, or something in between, you can rest assured that we will give your company the dedication that it deserves. Find out how QualiTax can help your business, and give us a call to schedule an appointment today!

You Feel Overwhelmed

Managing the day-to-day tasks of a business is stressful enough, but when you add in the financial responsibilities of the company, it may be enough to have you considering hiring some outside help. Payroll, financial planning, and bookkeeping are all tasks that a remote CFO can take off your hands. Not to mention, he or she will be able to sit down with you and discuss the growth and decline of your finances. For example, it can be concerning when you see a sudden dip in your finances, but the fact of the matter is that small dips happen from time to time. A remote CFO will be able to monitor growth and decline and explain to you why that happens.

Fast Growth

If you are the owner of a small business that started with two people and an idea and has now grown to 50 people, you may find that it is difficult to keep up with the demand. Suddenly, instead of managing the sales of two people, you’re managing the sales of multiple employees, as well as all of the other financial and daily operations. As you expand, it makes sense to hire more people to help you handle the company. Hiring a remote CFO can help you have a better handle not just on your financials, but on your company as a whole.

You Have Trouble Making a Plan for the Future

One important aspect of managing your finances in a business is planning for the future. While it’s easy to live in the moment and watch your profits grow or decline, a smart business professional plans ahead for any situation that may cause their financials to change. However, properly planning for the future can be difficult if you’re busy trying to run the entire company, which is why having a remote CFO comes in handy.

If you own a small business in Annapolis, and you’re looking to hire a remote CFO, the experts at QualiTax can help! We offer a variety of small business accounting services and we would be more than happy to meet with you to discuss how we can help your business grow and succeed. Contact QualiTax today to schedule your consultation.

We look forward to seeing you soon!

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