You have established a new business, are generating revenue, and are confident you have a sustainable business. However, you now want to grow this business in a structured way.
If so, you are likely to be encountering the following challenges;
- No regular reporting on business financial results
- Not getting proper visibility on current and future cash requirements
- What funding do I need and when and who will I get it from?
- What supports are available for my business at this stage of development?
- What taxes do I have to pay & when?
- How can I mitigate my tax costs ?
- Why doesn’t turnover = profit = cash?
- What additional compliance obligations do I have as the complexity of my business grows?
CFO Services can assist you to overcome these challenges by :
- Implementing robust monthly/quarterly management reporting
- Building detailed budgets and forecasts giving visibility on future cash requirements
- Analysing working capital and identifying potential challenges
- Researching, identifying, and assisting in applying for funding or grant supports
- Providing key tax compliance assistance and tax payment calendar
- Identifying available tax strategies to minimise tax exposures
- Explaining interactions between turnover, profitability & cash
- Providing assistance on annual Financial Statements and CRO returns