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When Saving for Retirement in Taxable Account Is a Good Idea

Most people associate saving for retirement with tax deferred or non-taxable accounts: 401(k)s, 403(b)s, Traditional IRAs, Roth IRAs, etc. The tax benefits of these types of retirement accounts give individuals advantages over simply investing in a regular taxable brokerage account.

Savings for retirement in a standard taxable account can also have its place – and the option shouldn’t be ignored. In this article, we’ll look at a handful of reasons why doing so might just be the best option. Read more

roles, cfo

CFOs Growing Strategic Roles in Business

Roles can be misleading. More often than not, they are nothing more than a word that organizes where certain people sit in an office. Take for instance, the role of a CFO. Many consider the CFO as the most glorified accountant of a company, the firm’s money manager, but in reality, they are the secret to a company’s success. Bruce Besanko, the CFO of OfficeMax points this out when he stated that “as CFO, I’m in a unique position within the organization, at the absolute center of the universe. The only other executive besides me that has that same presence at the center is the CEO.”1  

Of course a CFOs traditional role, namely, overseeing taxes, budgeting, accounting, financial planning, and analysis, is critical to the success of any company. When businesses fail to manage these areas they end up failing in general. However, the CFO’s role is evolving into a more robust position that is critical to every facet of a business. Read more

best of 2016 cfo services

2016 Year in Review: Best Blog Posts

By Mckenna Clarke, blog writer at TOP CFOS

As 2016 draws to a close, we would like to highlight 5 of our best blog posts from the year. These posts received the most views and interactions on social media.

According to our records, here are the most popular TOP CFOS blog posts of 2016:

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get the most out of outsourcing by hiring an excellent CFO

How do I Get the Most out of Outsourcing?

By Mckenna Gustafson, blog writer at TOP CFOS

For new and young businesses, Forbes recommends outsourcing a few certain jobs. Number one on the list? A CFO. Your business provides an awesome product or service, but you’re not a financial firm. A great CFO will help you continue to focus on delivering your product or service in the most efficient way possible. To get the most out of outsourcing, below are a few tips.

If you’ve decided to hire an outsourced CFO, you’re going to want to know how to get the most out of that service. And if you’re like most businesses owners, you’ll want to see that fee adding value to your company as soon as possible. Read more