Category: Finance & accounting

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Elevating Financial Strategy: Leveraging CFO Outsourcing

In today’s complex financial landscape, CFO outsourcing services for public and private sectors have emerged as a pivotal strategy for organizations aiming to enhance their financial operations and strategic planning. Bethanie Management Consulting, leveraging over 20 years of expertise, provide tailored CFO outsourcing services to both the public and private sectors. This blog delves into the specialized offerings of CFO outsourcing, showcasing its transformative impact across sectors through real-world success stories.

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Navigating Financial Health for Healthcare Professionals

Introduction

In the dynamic world of medical and health professions, practitioners and small to medium-sized businesses face unique financial and operational challenges. As an accounting firm with a specialized focus on this sector, we understand the intricacies of your industry. This post aims to address the specific obstacles you encounter and offers expert guidance to navigate these challenges efficiently.

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Don’t go it alone to grow your business

When you want to extract problematic teeth, you do not do-it-yourself (DIY) or learn dentistry, you visit a dentist. When you want to fix your expensive luxury car, you do not DIY or learn how to fix your vehicle, you take it to a specialist auto technician or mechanic. When you want build a new house or property, you do not DIY or learn how to construct property, you appoint a reputable builder or construction company.

The same principle applies when you want to grow and prosper a small and medium sized enterprise (SME).

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You can’t manage what you don’t measure

Management information is crucial in the effective and efficient management of resources and of any business. No goals and objectives can be achieved without it. No problems can be resolved without it. No effective decisions can be made without it.

During the Covid-19 lockdown period a large number of small, micro and mid-sized businesses (SMME’s) experienced significant cash flow problems because they could not trade at all or traded partially. Some SMME’s closed down permanently. Others granted their staff unpaid leave of absence, retrenched staff, cut salaries and benefits and others closed their doors temporarily in order to stay afloat. Most of these businesses continued to battle to stay afloat.
The SA Government, the SA Revenue Services, commercial banks and some financial institutions, financial service providers and other relief funds offered financial assistance and tax breaks and incentives to the affected businesses.

CONDITIONS FOR FINANCIAL ASSISTANCE
However, these financial assistance and tax breaks and incentives came with conditions.

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