Los Angeles Fractional CFO
A finance team familiar with southern California business.
Do you have a small business in Los Angeles, California that needs financial guidance?
A fractional CFO is the go-to solution for progressive small businesses today. Outsourced CFO services provide professional accounting, business planning, and analysis at an appropriate expense for your business.
What do you look for in a fractional CFO?
The myriad of fractional CFO providers is daunting, but there are 4 key qualities to look for in a Los Angeles fractional CFO:
Team Approach
Remote work efficacy
Clearly defined deliverables
Experience with California taxes
A team approach
The best fractional CFO services are provided by a team of professionals that can scale rather than an individual interim CFO. Individuals have limited skill sets and quickly top-out on capacity, which is shared with many clients. Teams are scalable, diverse, and give you access to an array of specialists.
For example, you would be wise to seek out a Los Angeles Fractional CFO knowledge of California’s tough sales tax regulations. But will that individual be able to help you as your business triggers sales tax nexus in other states? An outsourced CFO team provides that scalability.
Remote worker efficacy
When shopping for a Los Angeles fractional CFO, be sure you vet their remote management capabilities by asking questions, such as:
Clearly defined deliverables
Before you onboard a fractional CFO, make them defined with specific deliverables – such as monthly financial statements, an updated forecast, and a board of directors’ deck. Many part time CFOs simply sell blocks of hours – this is a sub-standard commitment and will result in disappointment, missed expectations, or billing surprises.
California tax experience
Los Angeles, California faces some tricky sales and payroll taxes. Hire a firm who has worked with clients in the area and is familiar with local and state tax regulations.
California tax experience
Los Angeles, California faces some tricky sales and payroll taxes. Hire a firm who has worked with clients in the area and is familiar with local and state tax regulations.
Clearly defined deliverables
Before you onboard a fractional CFO, make them defined with specific deliverables – such as monthly financial statements, an updated forecast, and a board of directors’ deck. Many part time CFOs simply sell blocks of hours – this is a sub-standard commitment and will result in disappointment, missed expectations, or billing surprises.
Talk to a Fractional CFO
Contact us now to meet your Los Angeles Fractional CFO and get your business on track for growth.