As a business owner, you wear many hats—but CFO shouldn’t always have to be one of them. That’s where a Virtual CFO (VCFO) comes in.

A VCFO is a strategic financial partner who provides high-level financial oversight without the full-time cost of hiring an in-house CFO. At our firm, we take VCFO services a step further by integrating bookkeeping, tax planning, and tax preparation into a single, streamlined offering—giving you a comprehensive financial solution that supports your business growth year-round.

Every business is unique—and so are its tax needs. Each year brings different financial outcomes: one year might yield a large profit, another might break even, and some years may even result in losses. Because of this variability, it’s important to approach each tax year based on current-year financials rather than applying a uniform strategy year after year.

When most people think about taxes, they tend to focus solely on federal tax obligations. But federal taxes are only part of the equation—state taxes are equally important. In some cases, your state tax liability may even exceed your federal tax owed.

For owners of pass-through entities such as partnerships, S corporations, and LLCs, state-level tax obligations can get complex—especially when it comes to composite payments and pass-through entity elective taxes (PTET). Each option offers potential benefits but also comes with drawbacks that can influence tax strategy.

Accurate bookkeeping is the foundation of sound financial management for any business—large or small. While it may feel like a behind-the-scenes task, its impact is front and center when it comes to understanding your financial health, making strategic decisions, and most importantly, preparing your taxes.