Testimonials

Jaguar Freight Services

Feb 07, 2017

Mark acted as our outsourced CFO for a number of years and provided not only the financial reporting and oversight that was required, but also strategic direction combined with an "outside in" perspective which was invaluable. Mark was instrumental in helping us turn the business around and his cool, calm and level headed approach ensured we were set on a path for growth, success and profits! I would have no hesitation in recommending Mark.

Jaguar Freight Services

Nov 21, 2016

In his capacity as a b2b CFO Mark has worked for more than 3yrs with my company. Over that time he has provided valuable input and direction for not only the finance group, but the organization as a whole. He is calm and methodical and I value the contribution he made to Jaguar which is now stronger due to his involvement. Simon M. Kaye CEO

Rick Perrin, B2B CFO®; Clients and Industry Experience

Jun 13, 2016

Rick Perrin, B2B CFO®;
Clients and Industry Experience
     
Animal Genetics & AG Products      * Plastics Thermoforming
Armored Car and ATM Servicing      * Specialty Fuels
Brewing      * Structural Steel
Commercial Cleaning   Manufacturing and Distribution:
Consulting      * Animal Products
Contractors:      * Specialty Gems
   * Garages      * Highway & Traffic Control Products
   * Home Builder      * Wood Moldings & Specialty Products
   * Large Buildings   Marina, Boat, Pier Sales and Service
   * Lighting   Non-Profit:
   * Remodeling      * Banking
   * Restoration      * Emergency Services
   * Roads and Utilities      * Food Distribution
   * Waterproofing      * Large State Service Programs
   * Wiring   Packaging:
Digital Imaging and Data Collection      * Contract
Digital Printing for Autos and Boats      * Pharmaceutical
Distribution:   Processing -Food and Pharmaceutical Industries
   * Specialty Water Sports Products   Products for Retail/In-Store Advertising
   * Specialty Papers - Wholesale and Retail   Professional Employer Organization and HR Consulting
Document Storage and Shredding   Real Estate Development
Professional Engineering Firms:   Restaurant
   * Civil   Retail:
   * Electrical      * Convenience Stores
Financial Services      * Farm and Outdoor Equipment Sales and Service
Health and Dental Care Clinics      * Photography
IT Managed Services      * Specialty Foods
Manufacturing:   Software:
   * Circuit Boards      * Gaming
   * Water Treatment Equipment      * Medical Industry
   * Counter Tops   Specialty Products for Children with Disabilities
   * Farm Equipment   Strategic Planning for Senior Management
   * Machine tools   Warehousing and Cold Storage
   * Metal Fabrication   Web Design

 

Get a Plan and Increase Your Chances for Success

Aug 18, 2015

All human endeavors are enhanced by adequate planning.  While extensive and formal strategic planning sessions may not be the best spend for small or family owned enterprises, these organizations will benefit immensely from informal but focused planning.  

Business Plans are a Necessity for All Companies

Companies need a road map to keep people moving together toward the same goal.  As soon as there is more than one person involved in an organization, there is a need for planning, communication and process in order to counteract the natural tendency for efforts to be disbursed, somewhat like loose horses running in every direction, with no particular destination in mind.  “Written plans help reduce gray areas through the act of writing in black and white” (paraphrased from Alyssa Gregory – sbinformation.about.com).  The plan is based on a shared understanding of competitive conditions and the definition of a target market for the company.  The plan becomes a communication tool and efforts are then corralled toward an agreed upon destination.

The very act of developing a plan helps people formulate decisions because the process itself takes the participants through a reality check and helps them generate new ideas.  The end result is an action plan to take the company forward toward common objectives. 

Beyond the operational need for a solid business plan, it is unlikely that a company will find a bank willing to finance the operation if there is not a plan in place.  Investors will not normally invest in a nebulous enterprise without a written business plan.  Employees, customers and vendors will all appreciate knowing the overarching plan; efficiencies come from a written document that negates confusion and invalid assumptions made in a vacuum.  Profits are improved when there is a plan and business practices become more efficient.

Planning begins with the decision makers of medium sized companies or the entire staff of small companies meeting together in a comfortable location where they will not be disturbed --- probably for an initial day-long session.  This does not need to entail expensive venues or catered food.  The process also does not require a consultant that charges $5,000 per day + expenses.  Keep the meeting within the culture of the company so that people are able to relax and contribute to the process.  Meet in the mountains or have a picnic.  Find a quiet corner in a pub.  Do whatever fits with the company culture.

 

The Benefits are Worth the Effort and Help is Available

Companies absolutely need a plan in order to survive and thrive.  While there may be some people who say they are content to live with the status quo, it is generally felt that being the market leader, even if the market is a niche, results in considerably better margins.  In some respects bigger is better (paraphrased from Grant Cardone at entrepreneur.com/article/242865).  It is hard to imagine how a company could grow without being able to obtain bank financing or attract investors or partners.  Developing a business plan does not need to be an onerous or expensive task.  Companies just need to start down the path.  Get the help that is needed.  Call me to get exactly the help you need and keep the costs and time commitment reasonable.

Dylewski& Associates

Jul 22, 2015

David is one of the best financial people I have worked with in over 30 years of business related litigation. He understands the ramifications of the issues because of his law background and gets right to the core of the matter. You won't be disappointed!!!

The DeGroot Law Firm, PLLC

Jun 15, 2015

David recently proved essential to our success in a very complicated commercial litigation involving over $6 million in claims. He was able to analyze the financial relationship between multiple companies on both sides of the dispute, distill hundreds of transactions over multiple years into understandable summaries, and provided expert testimony that was clear to both the attorneys and the courts. On the stand, in particular, he was convincing, authoritative, and showed an impressive command of the subject matter. David's ability to combine both his financial expertise and legal background to an analysis of the issues we faced proved to be one of the keys to our success in this case. It is not too much to say that if we had not had David Girault on our team, we would not have achieved the results the client was hoping for. Thank you, David, again, for your outstanding contributions to our efforts. I look forward to working with you in the future. David DeGroot

Is your company in compliance with the Affordable Care Act?

May 28, 2015

 Time is running out on companies that make payments to employees in lieu of providing a healthcare plan.

From the irs.gov website.

Employer Health Care Arrangements

Q1.  What are the consequences to the employer if the employer does not establish a health insurance plan for its own employees, but reimburses those employees for premiums they pay for health insurance (either through a qualified health plan in the Marketplace or outside the Marketplace)?

Under IRS Notice 2013-54, such arrangements are described as employer payment plans. An employer payment plan, as the term is used in this notice, generally does not include an arrangement under which an employee may have an after-tax amount applied toward health coverage or take that amount in cash compensation. As explained in Notice 2013-54, these employer payment plans are considered to be group health plans subject to the market reforms, including the prohibition on annual limits for essential health benefits and the requirement to provide certain preventive care without cost sharing.  Notice 2013-54 clarifies that such arrangements cannot be integrated with individual policies to satisfy the market reforms.  Consequently, such an arrangement fails to satisfy the market reforms and may be subject to a $100/day excise tax per applicable employee (which is $36,500 per year, per employee) under section 4980D of the Internal Revenue Code.

See all FAQ's on the Affordable Care Act at:

http://www.irs.gov/Affordable-Care-Act/Employer-Health-Care-Arrangements

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