Services - Tax Preparation
You Cannot Separate Your Business and Personal Finances If You Want to Become Financially Independent
Our program is surprisingly simple: gain better control of your finances, eliminate unnecessary costs, reduce debt, and then invest.
Who do you consult for financial planning advice? For most people it is their insurance agent, broker, or banker. When was the last time this trusted advisor asked you about the interest rate on your mortgage or credit card balances? Most likely your answer is never. The reason is simple: these advisors are not set up to deal with the financial realities of today in a systematic, integrated way. Their organizations service a narrowly defined need, and they cannot afford to analyze your entire financial situation.
Understanding Your Whole Financial Picture
It would seem practical to look towards your accountant, who understands your whole financial picture and provides financial planning advice. Unfortunately, most accountants do not offer this type of assistance. Accountants have been discouraged from providing these services. Instead, financial planning is viewed from a limited perspective–as the selling of financial products.
The financial situation of most families requires a broader solution. As a small business owner, your financial success depends not only on the success of your business, but also on your personal finances. This may be problematic as typical families today are financially out of control due to a lack of budgeting and abundance of high interest debt. For example, personal finances may be invested into "plans" that provide single-digit returns, like whole life insurance providing at best 1 to 3% returns, while credit card interest erodes their personal wealth at rates of up to 18% a year. Moreover, most Americans retire on less than $5,000 a year, almost 90% retire on less than $10,000 annually.
Moving Toward Financial Independence
CFOToday accountants provide practical tips to help you assess where you are, gain control, and begin the journey toward financial independence. Our accountants will work with you to create a budget that works and to establish an overhead account to help you prepare for predictable, but non-monthly expenses.
| Business As Usual | A Better Approach |
| Seek an advisor whose solutions focus solely on the investment and insurance products that pay commissions while ignoring the debt that has a larger impact on your long-term financial well-being. | CFOToday will look at your entire financial structure without neglecting the true danger areas that stop most from meeting their financial goals. We recommend saving only when all unnecessary debt is eliminated. |
For more information on our financial planning services call toll free 888.643.1348 for the CFOToday office nearest you.
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Find an office near you today to take advantage of the CFOToday System® for your business.