Just What Does CFO Do?

Let us attempt to more fully describe CFO and what its Advisors do. A caution is that while we can describe with some simplicity what we hope to achieve for a doctor-client with the CFO Financial Treatment Plan for Doctors... getting there isn’t quite so simple.

The CFO Financial Treatment Plan is designed to organize the doctor’s business and personal cash flows such that taxes are optimized and the dollars “reduced” are allocated to savings to pay for future benefits.

Here is one way to express this phenomenon.

Personal Dollars only have four uses:

A. Pay for past benefits (debt).
B. Pay for social and government benefits (taxes).
C. Pay for current benefits (lifestyle).
D. Allocate surplus personal dollars to pay for future benefits (retirement savings & personal value systems).

The objectives are simple. Reduce or eliminate A & B, spend C wisely and save D in tax deferred, tax free or tax efficient accounts, if possible.

Practice Dollars also have only four uses:

A. Pay for the cost of doing business (overhead).
B. Pay for social and government benefits (taxes).
C. Pay for the salary and benefits of the owner (compensation & fringes).
D. Allocate surplus practice dollars to pay for future benefits (pensions & retirement savings).

The objectives are simple. Maximize control and efficiency of A, minimize B, exercise judgment in C, and save D in tax deferred, tax free or tax efficient accounts, if possible.

We start with an analysis of business and personal finances — an x-ray of the business and the wallet if you will.

The next step is to meet with your CFO Financial Advisor to begin the data collection for your financial x-ray diagnostic — the CFO Financial Treatment Plan.

Once the analysis report and follow-up explanation is given to you, the course is clear.

1. Ignore the report.
2. Understand the report and attempt to implement the recommendations.
3. Retain us to implement the recommendations.

Detailed discussion of “Just What Does CFO Do?”

ABSTRACT

Let us attempt to more fully describe CFO and what its Advisors do. A caution is that while we can describe with some simplicity what we hope to achieve for a doctor-client with the CFO Financial Treatment Plan for Doctors... getting there isn’t quite so simple. The CFO Financial Treatment Plan is designed to organize the doctor’s business and personal cash flows such that taxes are optimized, and the resulting dollars are allocated to savings to pay for future benefits.