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Two Fractional CFOs Chat: The Balance between Maximizing Value and Minimizing Taxes with Byron Wolfe
In episode 8 of Built By Margin, Laurie Chen interviews Byron Wolfe, a Certified Public Accountant and Founder of The CFO-AF, as he shares his insights on the importance of combining tax strategy with Fractional CFO services, emphasizing how understanding both sides can lead to significant savings and increased business valuation.
Tune in for insights on optimizing cash flow and navigating the complexities of financial strategy.
TIMESTAMPS
[00:01:07] Tax strategy insights from experience.
[00:05:34] Tax strategy and fractional CFOs.
[00:10:15] Fractional CFO's relationship building.
[00:14:13] Maximizing startup valuation strategies.
[00:17:13] Augusta rule tax strategy.
[00:19:14] Tax strategies for business owners.
[00:22:23] Tax strategies for business owners.
[00:27:03] Tax strategy vs. prep and file.
[00:31:31] P&L vs. Balance Sheet Importance.
[00:33:36] Smart business growth insights.
QUOTES
- “Everything is manual. You've got to understand that from the ground up. And so it's about the level of commitment, the level of insight that you have into everything that's running in the background so that you can inform the strategic direction of that company that you're working with.” - Laurie Chen
- "It's amazing how much you will learn from a business failure over a business win… The wins are way more enjoyable, of course, but you learn a lot from things that don't go well, and you learn what not to do." - Byron Wolfe
- "Everybody should be aware of the exit or the potential exit, because if you're ready for the best exit, you probably are operating at the highest level of profitability and efficiency possible." - Byron Wolfe
SOCIAL MEDIA LINKS
Laurie Chen
Instagram: https://www.instagram.com/lauriechencpamba/
LinkedIn: https://www.linkedin.com/in/lauriechen/
Byron Wolfe
Instagram: https://www.instagram.com/the_cfoaf/
Facebook: https://www.facebook.com/ByronAnthonyWolfe
LinkedIn: https://www.linkedin.com/in/byron-a-wolfe-cpa/
CFOAF: https://www.cfoaf.com/
WEBSITES
Risk Worthy: https://www.riskworthy.co/
Advanced CFO: https://www.advancedcfo.co/
Built By Margin: https://www.builtbymargin.com/
View all episodes
By Laurie Chen, CPA, MBAIn episode 8 of Built By Margin, Laurie Chen interviews Byron Wolfe, a Certified Public Accountant and Founder of The CFO-AF, as he shares his insights on the importance of combining tax strategy with Fractional CFO services, emphasizing how understanding both sides can lead to significant savings and increased business valuation.
Tune in for insights on optimizing cash flow and navigating the complexities of financial strategy.
TIMESTAMPS
[00:01:07] Tax strategy insights from experience.
[00:05:34] Tax strategy and fractional CFOs.
[00:10:15] Fractional CFO's relationship building.
[00:14:13] Maximizing startup valuation strategies.
[00:17:13] Augusta rule tax strategy.
[00:19:14] Tax strategies for business owners.
[00:22:23] Tax strategies for business owners.
[00:27:03] Tax strategy vs. prep and file.
[00:31:31] P&L vs. Balance Sheet Importance.
[00:33:36] Smart business growth insights.
QUOTES
- “Everything is manual. You've got to understand that from the ground up. And so it's about the level of commitment, the level of insight that you have into everything that's running in the background so that you can inform the strategic direction of that company that you're working with.” - Laurie Chen
- "It's amazing how much you will learn from a business failure over a business win… The wins are way more enjoyable, of course, but you learn a lot from things that don't go well, and you learn what not to do." - Byron Wolfe
- "Everybody should be aware of the exit or the potential exit, because if you're ready for the best exit, you probably are operating at the highest level of profitability and efficiency possible." - Byron Wolfe
SOCIAL MEDIA LINKS
Laurie Chen
Instagram: https://www.instagram.com/lauriechencpamba/
LinkedIn: https://www.linkedin.com/in/lauriechen/
Byron Wolfe
Instagram: https://www.instagram.com/the_cfoaf/
Facebook: https://www.facebook.com/ByronAnthonyWolfe
LinkedIn: https://www.linkedin.com/in/byron-a-wolfe-cpa/
CFOAF: https://www.cfoaf.com/
WEBSITES
Risk Worthy: https://www.riskworthy.co/
Advanced CFO: https://www.advancedcfo.co/
Built By Margin: https://www.builtbymargin.com/