CFO Services Arlington, Dallas, Seagoville, TX - Smith & Smith CPAs
CFO Services

CFO Services

Managing your growing business can be difficult. There are a lot of responsibilities to consider, especially in the financial department. Smith & Smith CPA’s can help you manage your finances with our skilled and experienced CFOs. This will leave you free to focus on the critical decision making side of your business. It will also help you have a detailed overview of your finances in each step of the way.

CFO Services Arlington

The Responsibilities of a CFO Include the Following:

  • Training and managing your accounting staff includes making sure all your business transactions are recorded properly. We will also help you in making financial compilations for easier tax preparation.
  • Improved quality and timeliness of financial information with regular updates on your current financial situation will help you make effective business decisions.
  • Our CFOs make sure you get a detailed report on the state of your finances at the beginning of each tax year. This will help in setting your budget, and also monitor your business’ transactions to ensure they stay inside your budget.
  • Our CFOs make sure you get a detailed report on the state of your finances at the beginning of each tax year. This will help in setting your budget, and also monitor your business’ transactions to ensure they stay inside your budget.
  • Tax-saving strategies are important and you can easily save as much as possible on each year’s taxes.
  • Trend analysis will help you determine whether your current business strategy keeps to the current trends. It will also help you get a comprehensive analysis on how to get on board the latest trends to make your business popular.

Our CFOs will assist you in defining long-range plans and the quantification of goals. This is important to make your business survive in competitive markets. Cash management is important to make sure that your business always maintains a profit.

A CFO can also be a liaison with bankers, attorneys, outside investors, tax accountants, vendors, insurance agents, etc. This will help you in obtaining financing from banks, including assistance with negotiations.

Review and negotiation of insurance policies is important to create contingencies for business risks. This is best facilitated by a professional CFO. If having a CFO for your company is too expensive, you can also outsource that responsibility to us.

At Smith & Smith we can assign one of our expert CFOs to assist you in your accounting management. We are available at your service in Seagoville, Dallas and Arlington. You can reach us at (817) 466-9333 or (972) 287-5593 to schedule an appointment.

The Dreaded Letter from the IRS.

A client received a letter from the IRS regarding his prior year tax return. Unfortunately, he was being audited. The IRS believed that expenses for his LLC were overstated and disallowed certain deductions. In addition, the IRS stated that the client owed thousands of dollars in penalties alone. We met with this client and went over all of the relevant documents. We were able to guide him through the process and provide him peace of mind. Upon review of transcripts and various documents, we met with an IRS agent on behalf of our client. This ...

An owner of an auto shop came to Smith & Smith CPAs, LLC with a letter from the IRS.

This letter stated that an audit would be taking place. Having never been through an IRS audit, the owner needed help to prepare. We advised him on the process and shared our past experiences. When the audit came, we were there with him every step of the way.

An Oil & Gas company needed guidance on how to handle their growth.

They started as a sole proprietorship and were in search of a CPA firm that could advise them on how to handle the growth of their company. After searching for a firm, they decided to meet with Smith & Smith CPAs, LLC. In our initial meeting, we learned of their business and inquired about their goals. We decided that it was best for them to incorporate.

A group of doctors were looking for a CPA firm to help them form their new practice.

A group of doctors had been working for various practices and decided to form their own medical entity. They were sure that they could succeed given their experience and knowledge in their field of medicine. Needing a CPA firm to advise them on various tax decisions, they decided to seek the services of Smith & Smith CPAs, LLC.

A cardiologist received a letter from the IRS for delinquent payroll taxes that had already been paid.

The cardiologist was sure that the payroll taxes had been paid however, he needed help to prove this was the case. Our CPAs reviewed the tax payments and reconciled them to the various tax liabilities. Upon completion, it was determined that the aforementioned taxes were indeed paid. The issue was that they were applied incorrectly.
Let Smith & Smith CPAs help you with your CFO Services. Contact us to speak to a specialist today.
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