--- title: 5 Things a CFO Will Bring to Your Business description: Is it possible for smaller businesses to acquire the services of a CFO without incurring the expense of a full-time, on-staff executive? image: https://www.altusfinancial.com.au/hubfs/Blog_Hero_Images/5-Things-a-CFO-Will-Bring-to-your-Business.jpg --- [![Logo](https://www.altusfinancial.com.au/hubfs/Logo.svg "Logo")](https://www.altusfinancial.com.au/) - [![](https://www.altusfinancial.com.au/hubfs/1.%202017%20Assets/Dark_Phone.svg)](tel:+61289083444) [![Talk with us](https://no-cache.hubspot.com/cta/default/512115/6a87cb2e-17ae-43a1-93c7-da9582e08c36.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/6a87cb2e-17ae-43a1-93c7-da9582e08c36) ##### Accounting & Business Services ##### Wealth Services ##### Lending Sources ##### [Need Real-life Advice?](https://www.altusfinancial.com.au/request-a-consultation) [![Talk with us](https://no-cache.hubspot.com/cta/default/512115/6a87cb2e-17ae-43a1-93c7-da9582e08c36.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/6a87cb2e-17ae-43a1-93c7-da9582e08c36) [![page-1 (5)](https://www.altusfinancial.com.au/hubfs/page-1%20(5).svg "page-1 (5)")](https://www.altusfinancial.com.au) - ![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/group-14%20(1).svg)![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/group-17%20(1).svg) - ##### MENU - [![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/phone-call%20(6).svg)![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/phone-call-2.svg)](tel:1300832962) - ##### MENU [![Talk With Us](https://no-cache.hubspot.com/cta/default/512115/11099956-4246-4311-83f2-64fc6560f370.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/11099956-4246-4311-83f2-64fc6560f370) - [![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/phone-call-2%20(1).svg)](tel:+61%202%208908%203444) - ![](https://www.altusfinancial.com.au/hubfs/close.svg) CLOSE - [Instagram](https://www.instagram.com/altus_financial/) - [LinkedIn](https://www.linkedin.com/company/2339369/admin/) - [Facebook](https://www.facebook.com/AltusFinancial/) - [Business (242)](https://www.altusfinancial.com.au/blog/topic/business) - [Strategy (150)](https://www.altusfinancial.com.au/blog/topic/strategy) - [Wealth (142)](https://www.altusfinancial.com.au/blog/topic/wealth) - [Super (56)](https://www.altusfinancial.com.au/blog/topic/super) - [CFO (48)](https://www.altusfinancial.com.au/blog/topic/cfo) - [Growth (38)](https://www.altusfinancial.com.au/blog/topic/growth) - [Business Succession (25)](https://www.altusfinancial.com.au/blog/topic/business-succession) [![Helpful Resources](https://no-cache.hubspot.com/cta/default/512115/11b7293b-309b-4f1b-af85-27ec1dd19a35.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/11b7293b-309b-4f1b-af85-27ec1dd19a35) Request a Consultation - Close![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/close%20(3).svg) ## Request a Consultation - [Wealth](https://www.altusfinancial.com.au/blog/topic/wealth) - [Super](https://www.altusfinancial.com.au/blog/topic/super) - [Tax](https://www.altusfinancial.com.au/blog/topic/tax) # [Division 296 tax: what high-balance super members need to do now](https://www.altusfinancial.com.au/blog/division-296-tax-what-high-balance-super-members-need-to-do-now) From 1 July 2026, Division 296 will introduce additional tax on superannuation balances above $3 million. For many Australians, this will be a marginal change. For high-balance super members, it’s something more significant — a shift that could reshape how sup..... ###### Altus Team #### Latest Posts [Wealth](https://www.altusfinancial.com.au/blog/topic/wealth), [Super](https://www.altusfinancial.com.au/blog/topic/super), [Tax](https://www.altusfinancial.com.au/blog/topic/tax) ##### [Division 296 tax: what high-balance super members need to do now](https://www.altusfinancial.com.au/blog/division-296-tax-what-high-balance-super-members-need-to-do-now) [Business](https://www.altusfinancial.com.au/blog/topic/business), [FBT](https://www.altusfinancial.com.au/blog/topic/fbt), [Accounting](https://www.altusfinancial.com.au/blog/topic/accounting) ##### [Common FBT Questions and Answers](https://www.altusfinancial.com.au/blog/common-fbt-questions-and-answers) [Super](https://www.altusfinancial.com.au/blog/topic/super), [Business](https://www.altusfinancial.com.au/blog/topic/business) ##### [Pay Day Super Is Coming: What SMEs Should Be Doing Now](https://www.altusfinancial.com.au/blog/pay-day-super-is-coming-what-smes-should-be-doing-now) [Lending](https://www.altusfinancial.com.au/blog/topic/lending) ##### [Supporting the Next Generation into Property](https://www.altusfinancial.com.au/blog/supporting-the-next-generation-into-property) [Wealth](https://www.altusfinancial.com.au/blog/topic/wealth), [Budget](https://www.altusfinancial.com.au/blog/topic/budget), [Risk](https://www.altusfinancial.com.au/blog/topic/risk) ##### [Rising Insurance Premiums: What’s Really Going On, and What You Can Do About It](https://www.altusfinancial.com.au/blog/rising-insurance-premiums) [Business](https://www.altusfinancial.com.au/blog/topic/business), [CFO](https://www.altusfinancial.com.au/blog/topic/cfo) - 3 min read ## [5 Things a CFO Will Bring to Your Business](https://www.altusfinancial.com.au/blog/5-things-a-cfo-will-bring-to-your-business) ###### Scott Young - SHARE: - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://www.altusfinancial.com.au/blog/5-things-a-cfo-will-bring-to-your-business) - [**](https://www.twitter.com/share?url=https%3A%2F%2Fwww.altusfinancial.com.au%2Fblog%2F5-things-a-cfo-will-bring-to-your-business) - [**](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.altusfinancial.com.au%2Fblog%2F5-things-a-cfo-will-bring-to-your-business) It’s no surprise that virtually all larger well-established businesses employ CFOs. After all, they can afford them and understand the real value of a CFO’s services. But what about less established or smaller businesses? Is it possible for them to acquire the services of a CFO without incurring the expense of a full-time, on-staff executive? It is.  Savvy small-to-medium sized businesses are outsourcing their CFO services so they can enjoy valuable financial guidance at a fraction of the price of a full-time employee. But what are these smaller businesses looking for when they hire an outsourced CFO service?  Let’s take a look at the top five things a CFO will bring to your business. ** ** ## 1. Timely Information If information is late coming to you, and if the quality of that information is questionable, you may have a hard time maintaining [cash flow](https://www.altusfinancial.com.au/tight-cash-flow) and making quick decisions. Books that are out of order and missing receipts and invoices can take a serious toll on your time and attention. A CFO will ensure your books are up-to-date and accurate.   ## 2. Help for Quick Growth  When your business experiences periods of rapid growth, you might feel a bit out of control. It’s hard to know where to focus your attention and the issues to address first. A CFO can allow you to address the flood of challenges that accompany quick growth. A CFO’s focus on the bigger picture will keep you on track to sustainable profitability.   ## 3. Administration Guidance As a business owner, you have strengths and talents, but if administration is not your thing, CFO services can help. Bookkeeping, accounting, compliance, and budgeting are all essential components of a business, and if they’re neglected, your organisation will suffer.  CFO services can manage your administration so you can focus on the things you’re good at.   ## 4. A Plan for Growth In the day-to-day operations of your business, it can be hard to find time to strategise about future growth. CFO services can help you to devise a plan, create cash flow projects and finance structuring, and help with budgeting, compliance, and profitability monitoring. Doing all that work by yourself can seem overwhelming, so get the expert advice and help you need.    ## 5. Succession Planning At some point, you’ll want to leave your business, whether you retire, leave for health reasons, or decide to sell up. Whatever your reason for exiting, it’s important that you have a solid [succession plan](https://www.altusfinancial.com.au/succession-planning-101). Your plan should include information about who will take over your business, how the finances will work, what risks need to be addressed, and how all of this syncs with lease agreements and other legal matters. It’s a big job. But fortunately, a CFO can work through all of these issues so your bases are covered.  Clearly, a CFO can bring a lot of expertise and assistance to your business, allowing you to function at a high level and focus on the aspects of your business that you manage best. For more information on why an outsourced CFO service might be right for your business, get your [free copy of our eGuide](https://www.altusfinancial.com.au/cfo-services-lp-0) below: [![New Call-to-action](https://no-cache.hubspot.com/cta/default/512115/47e207ca-a8f3-43b0-a3fc-b2ece5ca0e95.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/47e207ca-a8f3-43b0-a3fc-b2ece5ca0e95) ### **Could Your Business Benefit from an Outsourced CFO?** Set your business on the right path with this simple guide. [Access the Guide](https://www.altusfinancial.com.au/cfo-landing-page) ![Could Your Business Benefit From an Outsources CFO_Resources](https://www.altusfinancial.com.au/hs-fs/hubfs/1.Offers/Could%20Your%20Business%20Benefit%20From%20an%20Outsourced%20CFO/Could%20Your%20Business%20Benefit%20From%20an%20Outsources%20CFO_Resources.jpg?width=582&height=386&name=Could%20Your%20Business%20Benefit%20From%20an%20Outsources%20CFO_Resources.jpg) ## Financial insights you won’t delete. Delivered to your inbox weekly. ### Sign up for our newsletter ### **Prospective Business Owner** - Succession Checklist Make sure you’re on the right track with this online checklist. [Access the Checklist](https://www.altusfinancial.com.au/prospective-business-owner-succession) ![Business Owner - Succession Checklist_Resources](https://www.altusfinancial.com.au/hs-fs/hubfs/1.Offers/Business%20Owner%20-%20Succession%20Checklist/Business%20Owner%20-%20Succession%20Checklist_Resources.jpg?width=581&height=386&name=Business%20Owner%20-%20Succession%20Checklist_Resources.jpg) #### Featured authors [Adam Montana](https://www.altusfinancial.com.au/blog/author/adam-montana) [See all articles](https://www.altusfinancial.com.au/blog/author/adam-montana) [Alex Bouris](https://www.altusfinancial.com.au/blog/author/alex-bouris) [See all articles](https://www.altusfinancial.com.au/blog/author/alex-bouris) [Alex Thomaschuetz](https://www.altusfinancial.com.au/blog/author/alex-thomaschuetz) [See all articles](https://www.altusfinancial.com.au/blog/author/alex-thomaschuetz) [Altus Team](https://www.altusfinancial.com.au/blog/author/altus-team) [See all articles](https://www.altusfinancial.com.au/blog/author/altus-team) ###### Have a question for Scott Young? Connect with the author of this post and they'll get back to you. [Send a message](mailto:scott.young@altusfinancial.com.au) ![close (1)](https://www.altusfinancial.com.au/hubfs/Altus_LP_Images/close%20(1).svg) #### Related Insights [Business](https://www.altusfinancial.com.au/blog/topic/business), [FBT](https://www.altusfinancial.com.au/blog/topic/fbt), [Accounting](https://www.altusfinancial.com.au/blog/topic/accounting) - 7 min read ##### [Common FBT Questions and Answers](https://www.altusfinancial.com.au/blog/common-fbt-questions-and-answers) [Super](https://www.altusfinancial.com.au/blog/topic/super), [Business](https://www.altusfinancial.com.au/blog/topic/business) - 2 min read ##### [Pay Day Super Is Coming: What SMEs Should Be Doing Now](https://www.altusfinancial.com.au/blog/pay-day-super-is-coming-what-smes-should-be-doing-now) [Business](https://www.altusfinancial.com.au/blog/topic/business), [Real Estate](https://www.altusfinancial.com.au/blog/topic/real-estate) - 3 min read ##### [The New Power Partnership: Why Agents and Accountants Are the Real Deal-Making Force in Property](https://www.altusfinancial.com.au/blog/the-new-power-partnership-why-agents-and-accountants-are-the-real-deal-making-force-in-property) [Business](https://www.altusfinancial.com.au/blog/topic/business), [FBT](https://www.altusfinancial.com.au/blog/topic/fbt), [Accounting](https://www.altusfinancial.com.au/blog/topic/accounting) - 6 min read ##### [Everything You Need to Know About Fringe Benefits Tax (FBT)](https://www.altusfinancial.com.au/blog/everything-you-need-to-know-about-fringe-benefits-tax-fbt) ## Financial insights you won’t delete. 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