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What is it like working with Opulence Group?

We customize our services to meet your specific business needs.  We take the time to listen and make recommendations with your goals in mind.  We work with you to develop the financial reporting you need and help you to use your financial reports to make the best business decisions.
Working with Opulence Group, you are certain to receive:

  • Professional & Reliable Assistance: Hands-on experts who become an integral part of your business team
  • In-Depth Knowledge: Fully understand how to interpret & utilize the financial statements we prepare
  • Quick Access to Vital Business Information: Track money more easily & accurately to see exactly where your business stands
  • Painless Preparation For Tax Time: We will work with your CPA or tax preparer to help you save on tax return preparations fees

Don’t just take our word for it – read what our clients have to say

How do you know when it is time to hire a CFO?

Figuring out whether to hire a Chief Financial Officer can be tough…however, an entrepreneur's ineffectiveness at trying to do it all is where a CFO can offer a return on investment.

Are you ready for a CFO? Here are a few signs:

  • You regularly feel overwhelmed by the financial demands of your business.
  • You are not keeping good records and not tracking expenses because you don't have time to do so.
  • You are regularly getting financial "surprises" in the form of bank notices, tax penalties, or unusual financial statements.
  • You are not using your financial records to plan for the future of your business. 

Read More: Is It Time for a CFO? 

Help me understand the role of the bookkeeper, CPA and CFO

Bookkeepers record your daily business transactions but don't prepare or file your tax returns…A "full charge" bookkeeper, can handle a wide variety of complex transactions. "Since most small businesses look for someone who can handle all their financial transactions, they should always look for a full charge bookkeeper."

Then there are accountants and CPAs.  A CPA has met the requirements of state law and has a license or certificate from the state.  Accountants study the same things but you don't take the state exam.  Both accountants and CPAs can help you prepare your tax returns, but only CPAs can file your tax return as a "paid preparer" or audit your financial statements.

CFO services can vary depending on the needs of your organization.  CFOs typically work with your CPA and other members of your finance or accounting team to provide a blueprint for growth for your business and guide you to its realization.  For smaller firms, a CFO can fill the position of your entire finance team or train your existing staff.  CFO services can include: managing the financial side of a business; developing policies and procedures for cash management; developing a bankable financial picture of your business and negotiating with vendors or helping find a banker who works with companies in your industry. 

Read More: Choosing the Right Financial Professional

Tips for Outsourcing Your Small Business Needs

Small businesses can benefit from outsourcing.  Following the trend of larger companies, small-business owners are outsourcing a range of services, including finance and accounting.

In some cases, outside experts can perform better, faster or more cost-effectively than your in-house staff.  With outsourced or virtual professionals, there are no long-term contracts for unnecessary services.  Virtual professionals are executers as opposed to traditional consultants who do not necessarily roll up their sleeves and get the job done.  Read More:Tips for Outsourcing Your Small Business Needs

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