Did You Get Into Business to Avoid Taxes OR Build Profit?
I am more interested in helping you manage 70 cents than 30. When companies are only interested in mitigating tax liability, they miss out on the operational advantages that can be made by closely examining and monitoring that much larger piece of the pie.
There are tax CPA’s that are brilliant at minimizing tax expenditure; they are laser focused and stay on top of the almost daily tax updates. But that’s not my focus--I leave that to the tax pros.
Most businesses have a tax “guy” who reviews financials, discusses strategy, and pays both the taxes and the invoice. Not as many have CFO’s. As a Fractional CFO, I take the time to review financials and discuss strategy more than once a year. My goal is to increase your revenue, decrease expenses, and improve efficiencies. By analyzing margins, divisions, offerings, and ratios I take a deep dive into your finances. Would you rather be using your time to avoid tax or using that time to build profit? I’m interested in the profit.
Many times tax CPAs’ advice includes spending money on inventory, equipment, or supplies. However, unless you really need those items for revenue production, you’re spending 70 cents to save 30.
In the past I have worked with a company whose tax CPA advised them to purchase an additional large piece of equipment to avoid some tax burden; however, what the tax CPA didn’t know was that their current equipment wasn’t operating at full capacity. Therefore, adding this additional equipment didn't help them increase revenue OR profit.
I love working with knowledgeable tax CPA’s—we make a great team for our clients. A Financial Activist, like myself, and a Tax Strategist are all fighting the good fight for you and your biz.
Michelle Löpez
Founder + COO
Success, whatever that means to you, should be your North Star. Make sure you have someone advocating for financial efficiency and looking after the 70% AND partner with a tax CPA to monitor the 30%: then you’ve got yourself a complete team!
Want to work with Michelle? Email her at michellelopez@breakawayba.com