Larger businesses have a Chief Financial Officer (CFO) on staff. But what can small and medium sized businesses do in this regard? Clearly, larger businesses can afford an in-house CFO. But it goes beyond an affordability issue: Large, successful businesses also understand how crucial the CFO rol
Peak Sports & Learning
Childcare education business operating throughout the Illawarra region.
We were a growing childcare business and we had no idea what our business numbers were.
FBZ put our business on Xero so we could track how each Centre was performing. They also restructured the business, which ended up saving us about $12,000 in the first year of being their client. The tax dollars saved in the subsequent years is approx. $30,000 p.a.
By knowing our numbers we can continue to expand the business by acquiring more and more centres. Each year we know our tax position and what we need to set aside. FBZ have also helped us understand the risks we might face in our business and the structures we need to protect and grow our business into the future.