Strategic financial planning is critical to the success and growth of any business. Unfortunately, many business owners are too involved in the daily operations of their businesses to spend much (or any) time on strategy. Bringing in an interim CFO, someone with extensive experience in implementing financial discipline and strategy, can help ensure that critical strategic and succession planning takes place and that the operation has a solid foundation for the future.
We help you eliminate unwarranted tax liabilities and avoid costly scrutiny by tax authorities.
Professional Tax Preparation and Filing
Professional tax preparation is an absolute necessity for high-wealth individuals and business owners. Cendrowski Corporate Advisors in metro Detroit and Chicago provide professional tax preparation to ensure maximum tax efficiency. Federal and state governments often require the results of careful research and planning to be displayed throughout tax filings, and CCA ensures those requirements are met.
Bringing in a responsive interim CFO is the right decision when an organization needs assistance with:
- Ownership retirement
- Product line diversification
- Preparing for growth
- Communicating with potential investors
- Strategic business decisions
- Financial discipline
- Outgrown accounting team
Strategic Succession Planning
A critical part of strategic financial planning is succession planning. An interim CFO listens to client needs and answers important questions like:
- What will happen to the company if the owners fall ill, retire or die while running the company?
- Is there a plan to keep the company in the family?
- If so, when should it happen?
- Is everyone on board for the transition?
- If family members are not interested in taking over the organization, what is the succession plan for ownership?
- What leaders are available to step up when the current executive team moves on, retires, or passes away?
- Who is ready to handle the dissolution of the business?
Cendrowski Corporate Advisors assists business leaders and Family Offices in taking a proactive approach to leadership succession planning. These conversations help bring clarity to the operation and allow for the thoughtful development of a succession plan.
How To Calculate Business Valuation
Knowing your company’s worth provides critical insight for making strategic decisions and charting the optimal path forward. However, accurately valuing a business requires in-depth financial analysis using proven approaches. While quick online calculators can generate ballpark figures, serious leaders turn to the main valuation methodologies accepted by the finance community. Mastering these techniques helps set […]
Read More
Corporate Transparency Act Webinar: Prepare Your Business for a New Era of Corporate Governance | December 5th, 2023
The Corporate Transparency Act, commonly referred to as the CTA, is a significant piece of legislation that impacts businesses across the United States. With an enforcement deadline of January 1, 2024, it’s essential for businesses, including LLCs and small businesses, to grasp the implications of this act and take proactive steps to comply with its […]
Read More
What is Business Valuation, and Why Does it Matter?
What is your business worth if you sold it today? Many owners can only hazard a guess when asked this question. Read on to understand business valuation and why it provides critical insights for owners, investors, and leadership teams. What is Business Valuation? Business valuation establishes a company’s economic worth at a point in time. […]
Read More