A recent Department of Labor rule revises the guidelines on how to classify employees vs. independent contractors. The distinction is important for small businesses, as employees, but not contractors, are covered by the FLSA (Fair Labor Standards Act) which gives them rights to minimum wages, overtime pay, and other protections.
Confiable CFO
Business Consulting and Services
Houston Area, Texas 24 followers
Fractional CFO & Controller Services - flexible and reliable finance & accounting consulting and project support
About us
We offer part-time or interim CFO and Controller services to small and mid-sized companies. If your business has grown to a point where you need higher level financial or accounting support beyond your existing staff, but you are not ready to hire a full time CFO or Controller, please reach out to see how we can help. We can also provide project support when your existing finance leadership has too much on their plate already to take on extra tasks.
- Website
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www.confiablecfo.com
External link for Confiable CFO
- Industry
- Business Consulting and Services
- Company size
- 1 employee
- Headquarters
- Houston Area, Texas
- Type
- Privately Held
- Founded
- 2022
- Specialties
- Financial & Accounting operations management, Process improvements, Budgeting & forecasting, strategic planning, Financial modeling, Financial reporting & analysis, Cash management & cash flow forecasting, Treasury & Banking, Business Intelligence (BI), KPIs & Dashboards, ERP system implementations, Margin improvements, Internal controls, Business integration after acquisition, Fractional CFO Service, Fractional Controller Service, Project support, Interim CFO, Interim Controller, Accounting (GL, month-end, AP, AR, cost accounting, inventory, fixed assets, Revenue recognition, Controllership & decision support, and Vetting potential hires
Locations
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Primary
Get directions
Houston Area, Texas, US
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Get directions
Spring, Texas 77379, US
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Get directions
Birkenfeld, DE
Employees at Confiable CFO
Updates
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Unconstitutional, but still enforced. The law behind the BOI reporting was recently ruled to be unconstitutional. However, the ruling is expected to be appealed and, in the meantime, FinCEN is continuing to enforce BOI reporting for all businesses except the plaintiff in the case. If your business was created prior to 2024, you might wait and see how this plays out and revisit this topic closer to the current year-end filing deadline. Businesses created in 2024 need to adhere to the 90-day filing deadline if at the time filing is still required. Visit the FinCEN website before your deadline to determine the current status and whether you are required to file.
Fractional CFO & Controller- Helping business owners turn their company financials into their favorite decision-making and planning tool.
New Year - New Requirements Although non-compliance can result in significant financial penalties and even prison time, many small businesses may not be aware of a new reporting requirement: The Corporate Transparency Act went into effect on January 1, 2024. This new regulation requires millions of small businesses to report their beneficial ownership information for the first time. Every business owner needs to be aware of this new regulation and determine if it is applicable to their company.
Navigating the Corporate Transparency Act: A Guide for Small Businesses
Melanie Perez, CPA on LinkedIn
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Our #1 advice to business owners is to review their financials monthly.
Don't Neglect Financial Reviews
Confiable CFO on LinkedIn
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Fractional Executives bring high-level expertise and leadership within reach of small and mid-sized companies.
Fractional CFO & Controller- Helping business owners turn their company financials into their favorite decision-making and planning tool.
Fractional Executives may be the missing puzzle piece for your company's success. Fractional Executives are experienced professionals who offer their services to multiple clients on a part-time (or “fractional”) basis rather than working as full-time employees for one organization. Fractionals provide strategic guidance, operational expertise, and leadership support to small and mid-sized businesses without the commitment or cost of hiring a full-time executive. They specialize in various disciplines (finance, sales, marketing, technology, etc.) and typically have many years of experience in their chosen field. Unlike more traditional consultants, Fractionals are embedded as members of the management team and usually partner with clients for a longer period. As part of the team they implement processes, help the company grow, provide oversight in their functional area, serve as advisors for the CEO, and help solve many challenges along the way. If you are a business owner considering adding a Fractional Executive to your team or if you are a Fractional interested in networking, please reach out to me!
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The newly effective Corporate Transparency Act affects millions of small businesses who may not even know about it, although penalties for non-compliance can be high.
Fractional CFO & Controller- Helping business owners turn their company financials into their favorite decision-making and planning tool.
New Year - New Requirements Although non-compliance can result in significant financial penalties and even prison time, many small businesses may not be aware of a new reporting requirement: The Corporate Transparency Act went into effect on January 1, 2024. This new regulation requires millions of small businesses to report their beneficial ownership information for the first time. Every business owner needs to be aware of this new regulation and determine if it is applicable to their company.
Navigating the Corporate Transparency Act: A Guide for Small Businesses
Melanie Perez, CPA on LinkedIn