CFO Agent Services - CFO Agent Services

CFO Advisory Services

CFO Agent Services offer a strategic, competitive advantage by bringing together a team of highly experienced resources to provide the very best in reputation, quality products and services. We feel that our resources are one of our best competitive advantages.

Regardless of the size of your business, hiring an external CFO is advantageous. Numerous entrepreneurs, with an intention to save cost, try to handle the accounting on their own, only to discover that is an inefficient use of their time.

We are a well-qualified CFO Advisory firm that can save you time and money. Our experts can handle complex and voluminous ledger and tax issues.

At CFO Agent Services, our business provides you expert financial advisors who can handle all your accounting requirements that will let you center around your business. As a professional CFO, we understand how to make a system that fits where your business presently is and where you need your business to go.

We provide a number of services that include

Preparing financial forecasts that will give you an informed projection on the direction of your business. Financial forecasts are a good tool for making critical decisions like investing in new technology, expanding to new locations, or hiring new employees etc.

Setting up and running a system of tax compliance for both payroll taxes and sales use taxes for your business. Maintaining tax compliance as a regular part of your business lowers the risk of breaking federal and state tax laws and regulations.

Devising and implementing strategies to increase the cash flow and improve the profitability of your business.

Helping you set and achieve financial goals for your business.

Preparing budget reports on a month to month, quarterly, or yearly fiscal summaries for your business that are clear, compact, and supportive for anybody investigating your organization’s financials.

Setting up a bookkeeping system and controls that are custom-made to the necessities of your organization. A customized bookkeeping framework will set aside time and cash by lessening waste, making accounting simpler and quicker, and assisting with potential waste or fraud.

Implementing a system to keep track of accounts payable and accounts receivable. This allows you to never miss another payment to a seller or fail to collect on a receipt.

Captive Insurance***

A captive insurance company is one that insures the property and casualty risks of its parent company. A captive arrangement may be ideal for businesses looking to better manage their insurance needs, including cost, coverage and service.

Premium Financed Life Insurance***

Wealthy individuals have the problem of preserving their wealth while paying huge estate tax bills. Even though the estate tax exclusion and transfer limits have changed over the past few years, the truly wealthy can’t plan away all of the taxes that will be due. The IRS also limits the amount that can be transferred to the family or trusts without having to pay gift tax.

Strategic Insurance Strategies

CFO Agent Services understands that life and disability insurance are about risk. Risk is the exposure to the possibility of loss. Risk can either be assumed, ignored, or transferred to a risk bearer. Through our association with some of the country’s leading insurance providers, we offer personal and business insurance plans that help protect you and your heirs in the event of income loss due to sickness, injury, or death.

Tax-Free Retirement Planning Strategy Using Permanent Life Insurance

The use of cash value life insurance to provide an additional resource income-tax-free for retirement assumes that there is first a need for the death benefit protection. Policy loans and withdrawals reduce the policy’s cash value and death benefit and may result in a taxable event. Withdrawals up to the basis paid into the contract and loans thereafter will not create an immediate taxable event, but substantial tax ramifications could result upon contract lapse or surrender. Surrender charges may reduce the policy’s cash value in early years.

Business Continuity Planning

CFO Agent Services works with equity owners to develop succession plans that can help to ensure the orderly transition of control upon the death, disability, retirement, or voluntary departure of an owner. We also perform the critical function of ensuring that your business continuity planning is effectively coordinated with their individual retirement and estate planning strategies.

Disability

Through some of the country’s leading disability providers, we help you design and implement: individual disability coverage, group disability coverage, business overhead expense, and disability buy/sell insurance for business buy/sell agreement.

Liability Protection Strategies

Liability protection planning is intended to reduce the risk of financial loss resulting from future litigation and other potentially damaging situations. CFO Agent Services, working with legal professionals, helps to coordinate your estate plans to protect your assets and help reduce your exposure to risk.

* The use of trusts involves complex tax rules and regulations. Consider enlisting the counsel of an estate planning professional and your legal and tax advisors prior to implementing such sophisticated strategies.

***Creation of the Captive Insurance Company subsidiary and premium financing is arranged by an independent third-party specialist.

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