Virtual Chief Financial Officer

The founder of a SaaS startup in the USA came to us for consultancy on tax structuring and the cost-effectiveness of his business. His team had 15 people besides his co-founder, two of them in accounting and finance. For a startup, the first step to being cost-effective is to curtail all unnecessary HR expenses.

The cost of extra employees goes well beyond salaries: it includes occupied resources such as PCs and sitting space, bonuses and the cafeteria. The more employees there are, the harder it is to establish coordination and accountability — before counting employee turnover in startups and the cost of hiring, orienting and retaining new employees.

Partnering with us as your Virtual Chief Financial Officer (VCFO) gives you an umbrella solution to all your financial requirements, so you do not have to go from firm to firm to get the work done. It covers:

• bookkeeping;
• franchise tax and state annual reports;
• HR and payroll services;
• federal and state tax returns;
• transfer pricing and cross-border taxation;
• assurance.

• No need to allocate limited resources, such as sitting space and PCs, that could be put to better use.
• A specialised knowledge partner for every requirement, so you never run out of expertise, reducing the cost of outsourcing.
• Better accountability, through a service provider and client relationship instead of employee and employer.
• Robust confidentiality.
• Fewer tax obligations and less tax nexus.
• Direct alignment of interest: the more your business grows, the more work and referrals for us.
• No need to worry about orientation, training and retention cost, promotions or bonuses.

All of this comes on retainership, so you can focus on business growth.