Episode notes
What is a fractional CFO for a small business, and when do you actually need one?
On the Small Business Solutions Podcast (SBSPod), Nelson Gray talks with accountant and fractional CFO Evan Badzik about cash flow, taxes, and financial decisions for owners who cannot hire a full-time CFO.
Evan runs Basic Accounting and Tax Services. After 12 years in corporate accounting, tax, and finance, he started his own firm about a year and a half ago. He provides monthly accounting, small business tax preparation, tax strategy, IRS representation, and selective fractional CFO work.
In this episode, we discuss:
- What a fractional CFO is and how the role differs from a bookkeeper or tax preparer
- The two types of small businesses that usually need a fractional CFO: cash-flow problems and growth
- How a fractional CFO helps owners manage cash flow, books, taxes, and decisions
- Why profitable companies can still struggle with cash
- Balancing work in the business and work on the business as a solo operator
- Finding accounting clients through referrals and relationships instead of ads
- Misconceptions about accountants and tax professionals
- Using AI for tax research, and why the taxpayer is still accountable for the return
If you are looking for a fractional CFO, a small business accountant, or a clearer system for cash flow and taxes, this episode explains the role in practical terms.
Subscribe to SBSPod for practical tools and systems for small business owners.
Go solve problems, and I’ll see you in the next episode.
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