Will your Virtual CFO services help me with budgeting?

Yes, That’s a great question. Knowledge is power, and our Budgeting & Forecasting services is why Zabel can help. We give you the power to lead your business towards higher profits, increased financing if desired and a higher Return on Investment. Our Virtual CFO service has years of extensive selection of budgeting, forecasting and corporate performance management ranging from many reporting measures to identify the overall health of your business, Inventory control, Cash controls all the way up to a full financing analysis to improve management, planning and decision-making. All of our Budgeting and Forecasting services are committed to providing the CEO and shareholders of your company with accurate financial projections and budgets for future operations. These processes will define the current state of the business, estimate future sales, and will help you prepare a budget oriented towards achieving your goals.

Providing Innovative Service

No matter what budgeting and forecasting service you choose, your company will obtain in-depth reports and expert insight. In fact, all of our services are designed to accommodate the exclusive needs of businesses owners. On average our clients have managed to increase the Return on Investment (ROI) by more than 15% when using our services over time.


Let Forecasting Help You To Define your Goals

Forecasting is the art of predicting future trends that the company may see. This is vital for preparing an accurate budget and a strong financial strategy. Forecasting uses a combination of your companies past sales figures and well-researched projections that will give you a realistic insight into the future of your company. With this knowledge in hand, you will be able to create an accurate budget that strategically allocates finances to the areas where your business will need it the most utilizing trailing twelve or eighteen month financials. 

A Well Defined Budget Will Help Optimize Your Organization For Growth

Budgets are detailed financial statements of expected revenues and expenses, and the value of a professionally made budget cannot be understated. A budget prepared by our service will give your business the knowledge it needs to find new opportunities for cost cutting and to develop clear, achievable goals. This will ensure that you will never be caught off guard by unexpected expenses, and always have enough finances to fulfill your goals. With our budgeting services, we will define a profit-oriented budget and financial plan that will help your company thrive.

Methods Used to Help Grow Your Business

By separating our service enables your business to choose the exact service that it needs, at a price range you can afford. Whether you wish to review your business through corporate performance management, or would like to provide your management staff with accurate information to improve their decisions and planning.

  • Financing Anаlуѕіѕ
  • Profіtаbіlity Anаlуѕіѕ
  • Prо-Fоrmа Fіnаnсіаl Prоjесtіоn
  • Cаѕh Flоw Prоjесtіоn
  • Industry Sресіfіс Comparative Anаlуѕіѕ
  • Industry Kеу Pеrformаnсе Rаtіоѕ Rерort

What are Virtual CFO services?

Zabel’s virtual CFO services will digitally connect to your business with our qualified staff of certified Bookkeepers. One of the best features is the CFO’s ability to use the latest web technology at their disposal. In fact, our Virtual CFO will have all your meetings using web conferencing tools. This means that no matter where you are, your business will be able to improve its profitability and bankability, at a fraction of the cost. Zabel CFO services offer businesses robust financial controls, stabilized cash flows and increased profitability letting the owner get back to what’s important.

Here is an example of the typical services that would be provided.

Account Reconciliation:

Enter Checks, Deposits, and Automatic Withdrawals
Reconcile Bank Account (s)
Enter Credit Card Activity 
Reconcile Credit Card Account(s)
Reconcile Loan Accounts
Record/Verify Payroll
Update Fixed Asset Module
Print Financial Statements with PY Comparison
Review Financials
Fix Open Points (opt)
Update Tax Projection
Review Financial Statements 
Review Tax Projection
Print Financial Statements with PY Comparison to File Cabinet
Notify Client

 Payroll:

Receive Payroll information 
Enter Hours (opt)
Prepare Payroll
Print Reports to File Cabinet
Review Payroll for Accuracy
Prepare 941
File 941
Prepare State Unemployment Tax Return
File State Unemployment Tax Return
Prepare State Income Tax Withheld Return
File State Income tax withheld return
Contact Client with amounts due
Put Payroll records into File Cabinet

Sales Tax:

Calculate Sales Tax owed
File Sales Tax Return
Print Sales Tax Confirmation
Notify Client of Amount due
Send Client Sales Tax Confirmation
Pull Sales Tax Confirmation into File Cabinet

Connect with us to learn more about how we can help your business succeed with Fractional CFO services: tzabel@zabelco.com

Can I contribute to an IRA?

Yes, over the years one of the most popular tax savings outlet available to taxpayers today is the Individual Retirement Account, more commonly referred to as an IRA. There are several options you have when deciding which type of IRA account to enter into. You may be able to take a tax deduction for the contributions to a traditional IRA, depending on whether you or your spouse, if filing jointly, are covered by an employer’s pension plan and how much total income you have. Conversely, you cannot deduct Roth IRA contributions, but the earnings on a Roth IRA may be tax-free if you meet the conditions for a qualified distribution.

Generally, you can contribute a percentage of your earnings for the current year or a larger, catch-up contribution if you are age 50 or older. You can fund a traditional IRA, a Roth IRA (if you qualify), or both, but your total contributions cannot be more than these annual amounts (currently $5,500, or $6,500 if you are age 50 or older).

You can file your tax return claiming a traditional IRA deduction before the contribution is actually made. However, the contribution must be made by the due date of your return, not including extensions. If you haven’t contributed funds to an Individual Retirement Account (IRA) for last tax year, or if you’ve put in less than the maximum allowed, you still have time to do so. You can contribute to either a traditional or Roth IRA until the April 15 due date for filing your tax return for last year, not including extensions.

Be sure to tell the IRA trustee that the contribution is for last year. Otherwise, the trustee may report the contribution as being for this year, when they get your funds.

If you report a contribution to a traditional IRA on your return, but fail to contribute by the deadline, you must file an amended tax return by using Form 1040X, Amended U.S. Individual Income Tax Return. You must add the amount you deducted to your income on the amended return and pay the additional tax accordingly.

Can I contribute to a ROTH IRA?

Are you confused about whether you can contribute to a Roth IRA? The IRS suggests checking these simple rules:

  1. Income To contribute to a Roth IRA, you must have compensation (e.g., wages, salary, tips, professional fees, bonuses). Your modified adjusted gross income must be less than:
  2. Age There is no age limitation for Roth IRA contributions. Unlike traditional IRAs, you can be any age and still qualify to contribute to a Roth IRA.
  3. Contribution Limits In general, if your only IRA is a Roth IRA, the maximum current year contribution limit is the lesser of your taxable compensation or $5,500 ($6,500 for those age 50 or over). The maximum contribution limit phases out if your modified adjusted gross income is within these limits: 
    • $186,000-$196,000 — Married Filing Jointly or Qualifying widow(er)
    • $0-$10,000 — Married Filing Separately (and you lived with your spouse at any time during the year)
    • $118,000-$133,000 — Single, Head of Household, or Married Filing Separately (and you did not live with your spouse)
  4. Contributions to Spousal Roth IRA You can make contributions to a Roth IRA for your spouse provided you meet the income requirements.

* Note – threshold amounts listed above are for tax year 2017.