Platinum Package

Platinum Package

Outsourced Chief Financial Officer (CFO)

Outsourced CFO services are all about value generation that goes above and beyond.

  1. Streamlining Functions – Minimize expenses, optimize efficiency, and increase margins.
  2. Financial Forecasting – Understand and articulate the demands on your business.
  3. Identify Growth – Harness sales data and identify market potential.
  4. Enhanced Reporting – Have the information you need, when you need it.
  5. Meaningful communication – Discuss strategy & seek advice, a virtual CFO isn’t just a black box into which you chuck your bills and receipts. 
  6. Risk Analysis – Quantify the risks associated with new or existing ventures.
  7. Trend Analysis – Understand the fluctuations in your business performance.
  8. And So Much More…
The Personal Touch
The CFO program represents the highest level of priority for MM Accounting. By signing up to this package, you’ll receive:
Unlimited Voxer access to Margo during business hours
Weekly calls during the first 90 days. Bi-weekly after that
24-hour response time on all emails
Quarterly 1 Day VIP Fly-in or Virtual Strategic Planning Meeting. This is our chance to spend the day together!
Advanced CFO Solutions
The CFO program represents the highest level of priority for MM Accounting. By signing up to this package, you’ll receive:
Proactive strategic advice
Help with raising capital
Financial assistance with business plans
Distribution of NDAs
Financial HR
Gross profit analysis
Sales expansion projects
Cost reduction analysis
Sales margin increase projects


It’s your Business

The business entity that you choose for your company can make a difference in the taxes you pay, the costs of doing business, and the amount of paperwork and red tape you’ll have. Here is a quick look at the main entities that businesses can choose for their operations.



A sole proprietorship is owned and operated by one individual. It is the least complicated and usually the least expensive way to set up and run a business.

The business income is taxed to the owner on Schedule C of his or her personal tax return. Payroll taxes apply to any employees of the business. The sole proprietor pays self-employment tax rather than social security tax (and gets a tax deduction for 50% of the tax paid).

One of the major disadvantages to a sole proprietorship is un limited liability, not only for debts of the business, but for lawsuits brought against the business. Liability extends to the proprietor’s personal as well as business assets.

The ability to raise capital for the business is limited to the amount the individual can secure personally. Since under-capitalization is a major cause of business failure, this factor can be significant. The deductibility of fringe benefits is very limited in a sole proprietorship.


A partnership can have any number of partners. Partners bring to a business more creativity, skills, capital base, and experience than any one person is likely to have.

A partnership files an information tax return (Form 1065), but pays no income tax itself. The in come or losses are passed through to the partners who report them on their individual tax returns in shares agreed upon by the partners — not necessarily equally. Partners, like sole proprietors, pay self-employment tax on net income.

The major disadvantage to a partnership is that liability is unlimited. In fact, partners can be held liable for the actions of fellow partners.

Partners have similar options in the area of fringe benefits and retirements plans as those available to sole proprietors.


A corporation, the most complex of the business structures, is a distinct legal entity apart from the shareholders who own it. Formed under the requirements of the state in which it will do business, a corporation limits its owners’ liability to their investment in the company: personal assets are generally not at risk. The corporate form does not provide complete protection where personal services are involved.

If you set up a corporation and are employed by it, the corporation must withhold and pay payroll taxes on your wages.

A corporation files its own tax return [Form 1120) and pays its own income tax. Therein lies the major drawback to the corporate form: business profits may be taxed twice — once at the corporate level and again at the shareholder level when paid out as dividends or a liquidating distribution.

The corporate form allows for more fringe benefits, deductible by the corporation and tax-free to employees (including shareholder-employees).

Another drawback to the corporate form is the complexity of rules and regulations governing corporate operations (including the tax laws).


A corporation is allowed to elect S status only if it meets certain qualifications. An S corporation generally does not pay its own income tax. It files Form 1120S and distributes K-1s to shareholders. Shareholders then report their pro rata share of income, losses, and credits on their individual tax returns. The double taxation that regular corporations face is thereby avoided with an S corporation.

The big advantage of S status is that it combines the limited liability of a regular corporation with tax treatment similar to that of a partnership. A disadvantage is that S corporations have some fringe benefit restrictions for owner- employees.


The limited liability company (LLC) combines the general flexibility and income tax treatment of a partnership with the limited liability of a corporation.

Its Your Business

Do you dread Bookkeeping?
Do you Hate Overpaying in taxes?
Now IS the time to take Action and make sure you are in the correct entity setup

We helped a REAL ESTATE BROKER last year save about 10k in taxes!
He prepared his own books and financial statements and received a bill from the IRS.
He had a feeling something was not right and reached out to us.
We reviewed his prior-year tax return, made corrections in his books and then his tax accountant contacted the IRS on his behalf.
We were able to help him by not paying the 11k and instead get a refund of 1k!
Trust me, we help our clients get their ROI by 5X every single YEAR! We help them save money, time, and energy!
Peace of mind IS the key

One bad accountant can really cost you thousands! It is so sad to see businesses not asking the right questions to accountants BEFORE they hire them.

Ask the right questions.
Hiring the right accountant is CRUCIAL for your business.
My team spoke to several businesses this week who don’t have any bookkeeping system set up, who have not paid
themselves anything the entire year and they are the wrong entity.

Not having the right bookkeeping set up, not paying yourself a reasonable salary AND not having the right entity is
THE FASTEST way to pay the highest tax rate PLUS have a higher risk of getting audited!

Let us know if you need help with Bookkeeping, Catching up several months or reviewing your bookkeeping to see if everything is accurate, and so much more.

We are an ALL in one Accounting Department helping Business owners with everything they need so they can focus on their businesses and they delegate everything to us!



Planning is the Key to Tax Savings

With sweeping changes in technology and tax reform, making difference in your financial lives has never been more important. These changes present a great opportunity to transform your financials to go beyond tax preparation and reinforce your value as a proactive business professional. We ore prepared to help you embrace these changes in a way thot helps you save time and gain flexibility in your business, and deliver great outcomes for your customers.

Meals & Entertainment -New Rules

  • Employer’s Deduction
  • Deductions for entertainment expenses are disallowed
  • Current 50% limit on deductibility of business meals is expanded to include Meals provided through an in-house cafeteria or on the premises of employer

Accountable Plans -Planning Opportunity

  • Opportunity to delight employees
  • Create Accountable Plans to reimburse expenses for business clients.
  • Coach individual clients to ask their employers to use an Accountable Plan for mileage and unreimbursed expenses
  • Provide Accountable Plan and Expense Report templates.

Asset & Depreciation -Changes

  • 100% Bonus Depreciation is the new rule unless the taxpayer elects out of BD, for property that has less than 20 year life.
  • Can create a loss for the business, unlike 179 which is limited to taxable income

Asset & Depreciation -Planning Opportunity

  • Create a GL report of Assets Added to send to the Tax Preparer, with the preliminary Financials, so he/she can add to the tax depreciation schedule
  • Book 100% Depreciation as a placeholder, then adjust it to what the Tax Pro shares with you as part of your pre-year end planning

Other Income / Expense Items

  • Accrue Retirement Contributions Most of the same retirement plans are available to business owners, including: SIMPLE, SEP, Defined Benefit, etc
  • Make sure you talk with owner and discuss planned contributions that may be made before the tax return due date, and accrue those amounts in the Financials
  • If a Schedule C, include the retirement contribution in Other Expenses, so the Operating Income is more like Taxable Income
  • Tax Estimates for owners and income Tax Expense for Taxable Entities Federal and State income taxes are not deductible
  • Better to put payments below the line to easily identify for Tax Pros, and put after Taxable Income or Operating Income
  • Non-Deductible Expenses

Year-End Checklist

  • List of Capital Purchases
  • Book Depreciation
  • Employee Expense Reports
  • QBI: P&L, W2 wages, Assets (UBIA)
  • Identify Foreign Bank Accounts
  • Equity Reconciliation
  • Identify Tax Estimates Paid
What we do not do:
Someone who just does not want this
CEO”S who are willing to be part of the process and part of their financial support
Not for CEOs who are afraid to face their money fears and are content in the current financial situation they are in
Who will not show up to the calls Take responsibility of the business

People who do not value commitment and cant see themselves completing the agreement