When Do You Need a Construction CFO?

Contractor Success Forum

Has your company outgrown your basic bookkeeping? If your financial operations are becoming more complex and you feel like you're losing control, or if you're getting into federal contracting, it may be time to consider hiring a CFO. This week we're discussing when to do it, why you should work one who has construction industry experience, and whether to outsource or hire someone in-house.
Topics we cover in this episode include:

• At what point do you need to hire a CFO?
• How a good CFO can help your company grow
• The importance of working with a construction-oriented CFO
• How a CFO helps with compliance and reporting
• A CFO knows your whole tax picture
• Questions to ask yourself if you think you may need to hire a CFO

LINKS
Visit the episode page at https://CarpenterCPAs.com/CFO for more details and a transcript of the show.
Find all episodes and related links at ContractorSuccessForum.com.
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

Chapters

1. When Do You Need a Construction CFO? (00:00:00)

2. At what point do you need a CFO? (00:01:15)

3. How a good CFO can help your company grow (00:07:50)

4. The importance of working with a construction-oriented CFO (00:10:43)

5. How a CFO helps with compliance and reporting (00:14:22)

6. A CFO knows your whole tax picture (00:15:24)

7. How the construction industry is different for a CFO (00:16:23)

8. Questions to ask yourself if you think you may need to hire a CFO (00:19:47)