PLANNING FOR UNCERTAINTIES AHEAD

RESTRUCTURING WITH SBRA

On February 17, 2020, the CARES Act extended advantageous bankruptcy protection provisions of the Small Business Reorganization Act (SBRA) to many small businesses. SBRA added a new Subchapter V to the traditional Chapter 11 reorganization provisions of the Bankruptcy Code, designed specifically for qualified small businesses to reorganize and retain ownership of their companies.

Click here for more information.

NAVIGATING PPP ROUND 2

In January of 2021, the U.S. Small Business Administration (SBA) resumed and expanded its Paycheck Protection Program (PPP) as part of the Consolidated Appropriations Act (CAA). This opens up new funds to businesses that meet certain criteria to keep workers working as the economic impacts of the pandemic persist.

Click here for summary of changes and updates.

HOW BUSINESSES SUCCESSFULLY ADAPT TO CHANGE

How Businesses Can Survive, Thrive, and Adapt in the Face of Change. What do we do now? The sudden shutdowns in early 2020 forced many businesses to answer this question with sprints to virtual business models, attempts to secure emergency funding, and in some cases, pivots to new lines of business.

Click here to read the blog.

From Our Blog

HiveLive

“vcfo has helped us out tremendously. From revenue models to financing decks, their work has always been done on time and done well.”

John Kembel, CEO
HiveLive

BooKoo Beverages, Inc.

“We needed an experienced controller on an interim basis and vcfo delivered. They provided us with a very professional and highly qualified person who added value from day one. We couldn’t have asked for a better match!”

Steve Ruffini, CFO
BooKoo Beverages, Inc.

FastPath Learning, Inc.

“Following the unexpected departure of my HR Director, I was forced to search out a resource that would allow me to continue to manage the operation and still know that the responsibilities of my HR Department were being addressed.  This resource was vcfo. Our consultant immediately assessed my risks and set off to mitigate my… Read more “FastPath Learning, Inc.”

Lee Franklin Jr., COO
FastPath Learning, Inc.

Isolux Ingenieria

“I was very impressed by our vcfo CFO and her approach to her work. She parachuted into our company as a virtual CFO during our start-up phase and was an integral part of achieving our first successful project and implementing the systems that enabled us to grow to over 100 employees within two years. She… Read more “Isolux Ingenieria”

M. Max Yzaguirre, CEO, Chairman
he Yzaguirre Group LLC, Isolux Ingenieria USA, LLC

Viscern, Inc.

“vcfo really listened to us, learned about our business and truly understood what we needed to do. Then, they delivered on it!”

Kevin Lloyd, CFO
Viscern, Inc.

MessageOne

“We’ve used vcfo for a host of financial services over the years and they do nothing short of an amazing job. We feel so strongly about the vcfo team that we ask any company we invest in or are involved in to utilize their services.”

Mike Rosenfelt, Co-founder, Executive Vice President
MessageOne, Inc.

Clear Water Resources

“We needed controller and financial strategic support and looked to vcfo to give us a strong controller and CFO team. We needed resources that we could scale up and down, with flexibility to meet our needs. Melinda and Bill worked well together, and developed a strategy and execution plan to not only assist with us… Read more “Clear Water Resources”

Charles Manning, Vice President
Clear Water Resources

BlueSpace

As a new government contractor, we needed to setup new accounting processes and implement special financial reporting to meet the requirements for all government contractors.  vcfo setup the new processes, designed an efficient chart of accounts and has consistently prepared timely financial reports for both Management and Governmental purposes. vcfo has been a great part… Read more “BlueSpace”

Pat Motola, President and CEO
BlueSpace

Formotus Inc.

“Formotus has used vcfo as our virtual finance department since 2007. vcfo offers Formotus the flexibility to have the resources available for bookkeeping, financial reporting and general oversight of Formotus’ financials on an as-needed basis. vcfo provides us the expert skills we need to run our business without the fixed costs of a CFO, controller… Read more “Formotus Inc.”

Adriana Neagu, Co-Founder/CEO
Formotus Inc.

Jones Lang LaSalle

“vcfo brings competent, seasoned expertise to the table, enabling us to save time and money on accounting issues, as well as benefit issues.”

Diana M. Holford, Managing Director
Jones Lang LaSalle

Hospital Healthkeeping Systems

“My company has a growth pattern that frequently out paces our existing resources. When this occurs, vcfo has been able to provide an appropriate resource with the experience necessary to supplement my staff.  They are able to respond in a very timely manner, thereby enabling us to stay ahead of the growth curve.”

Debra Dowden, EVP of Accounting
Hospital Healthkeeping Systems (HHS)

A clean-technology company in Littleton, Colorado

“vcfo has been an invaluable CFO consulting resource for our early-stage, privately held company. Initially, they were charged with developing strong financial and forecast reporting and processes, tax filings and preparing us for our initial annual financial audit with a Big 4 firm. Since 2007, vcfo has worked with us providing exemplary financial leadership across… Read more “A clean-technology company in Littleton, Colorado”

A clean-technology company in Littleton, Colorado

Teton Aviation Group, LLC

“Teton Aviation Group, LLC engaged vcfo in late 2011 to assist with financial analysis, establish key financial indicators for our company and provide guidance in our international expansion efforts. Early in our engagement with vcfo, our company had an unexpected opportunity to sell a large portion of our business to a strategic buyer. Since we… Read more “Teton Aviation Group, LLC”

Glenn and Joe Hertzler
Teton Aviation Group, LLC

Dimensional Fund Advisors

“I enjoy working with them because they truly make my life easier as a recruiter. They provide a high level of service and make you feel valued as a client. No role is too difficult to fill. The team worked tirelessly on a role, no matter how hard the spec is, even when other agencies… Read more “Dimensional Fund Advisors”

Sara Davies, Senior Associate, Recruiting
Dimensional Fund Advisors

Cambria Sensors

“Our vcfo CFO swept through, reorganized and rationalized the corporate books, optimized the financial structure of the company and put us on an even keel. She is efficient, friendly and has the long-term benefits of the company in mind. There is an inherent trust we have with vcfo. Our virtual CFO is of sterling worth.”

Douglas Johnson, CEO
Cambria Sensors

Penco

“We were experiencing significant growth, but weren’t ready to commit to a full-time HR department. vcfo provided the perfect solution — we continue to benefit from their deep human resources experience, while paying for only what we need.”

Bob Renneker, CEO/President
Penco

Viscern

vcfo really listened to us, learned about our business and truly understood what we needed to do. Then, they delivered on it!

Kevin Lloyd, CFO
Viscern, Inc.

Integra Ventures & Point B Capital

“vcfo represents an affordable and flexible resource to start-up companies. Most emerging technology companies don’t need full scale CFO capabilities, yet they can’t afford costly rookie mistakes with their accounting and capitalization. vcfo provides experienced people and a variable cost structure that fits the age and stage of emerging businesses. We have a great partnership.”

Joseph K. Piper, Managing Director
Integra Ventures & Point B Capital

Omniprobe, Inc.

“When our CFO started with Omniprobe, he immediately brought direction and stability to the financial reporting systems and processes, preparing us from day one for an eventual sale. His guidance and foresight led us successfully through our first public audit and resulted in a very efficient due diligence process. His CFO consulting support resulted in… Read more “Omniprobe, Inc.”

Tom Moore, President
Omniprobe, Inc.

Macheen

“vcfo helped us navigate setting up a subsidiary in Germany including completion of the complex registration process with multiple taxing authorities. The business and language skills of our contract CFO were invaluable to us in completing the process timely. With her guidance we set up a process to timely file estimated taxes electronically.”

Jayne Walters, CFO
Macheen

A clean-technology company in Colorado

vcfo has been an invaluable CFO consulting resource for our early-stage, privately held company. Initially, they were charged with developing strong financial and forecast reporting and processes, tax filings and preparing us for our initial annual financial audit with a Big 4 firm. Since 2007, vcfo has worked with us providing exemplary financial leadership across… Read more “A clean-technology company in Colorado”

Pinnacle ECS

“vcfo played a critical role in refining our business mode, l including our pricing strategy, both before and after being presented to potential investors. They also played a critical role in assisting our team in transitioning our financial forecast, records policies and practices to a more robust, investor friendly level.”

David Price, CEO
Pinnacle ECS

Armor Safe Technologies, LLC

We have always been able to count on vcfo to be responsive to our needs, quickly delivering high quality work and strategic CFO consulting. Our CFO’s perspective is a real asset, thanks to the wealth of experience he has gained while serving many clients across a range of industries. He was instrumental in the completion… Read more “Armor Safe Technologies, LLC”

Michael Robinson, Executive Vice President
Armor Safe Technologies, LLC

Washington Biotechnology & Biomedical Association (WBBA)

“WBBA has been a vcfo client since 2009, providing the professional day-to-day bookkeeping as well as expert advice at the controller and CFO level. Since WBBA does not require a full-time bookkeeper and accountant, the services provided by vcfo are invaluable. Professional, timely, thorough and willing to work through to ensure accuracy are key qualities… Read more “Washington Biotechnology & Biomedical Association (WBBA)”

Kathleen Poston, Director of Administration
Washington Biotechnology & Biomedical Association

Think Tank

Think Tank is a cloud based Digital Engagement system designed for leaders and business transformation teams to automate and accelerate time-to-value on mission critical enterprise technology deployments or process change initiatives. The Challenge
Think Tank approached vcfo in need of a controller with high EQ to fit with the entrepreneurial environment.  Time was a… Read more “Think Tank”

Think Tank

Northern and Western Insurance Company, Ltd.

“As an offshore insurance company that does business around the world, it is comforting to work with the vcfo team. Not only do they provide very valuable assistance in helping us with our monthly and year-end financial processes and reporting, but also with our worldwide business strategy. We operate in a highly regulated industry. Accuracy… Read more “Northern and Western Insurance Company, Ltd.”

Devon Harrison, Founder and President
Northern and Western Insurance Company, Ltd.

Huselton, Morgan & Maultsby, PC

“vcfo has worked with me on several mutual clients. They are dedicated to providing exemplary client service and solutions to difficult issues while performing in a professional manner.”

Steve Allen, Partner
Huselton, Morgan & Maultsby, PC

AndersonMasonDale Architects

Our firm has traditionally had two people in the accounting department, but with the uncertain economy in recent years, we decided to move to a new paradigm. Now we have one full-time Bookkeeper with part-time senior-level support from vcfo. It’s been a great collaboration. vcfo has provided a level of expertise that is immensely valuable,… Read more “AndersonMasonDale Architects”

Andy Nielsen, Principal
AndersonMasonDale Architects

HomeAway

“I have known our contract CFO from vcfo for many years within professional circles. She was a tremendous help to us advising on the integration of foreign acquisitions. She is definitely on the short “go to” list when we have a need.”

Lynn Atchison, CFO
HomeAway

Herd Partners

“In just a few months, our virtual CFO and vcfo made a tremendous impact on the efficiency and productivity of our office. Our CFO helped us with the elimination of redundant job functions, improvement in the speed of key processes through technological upgrades and training, and a complete benefits realignment. All of this has resulted… Read more “Herd Partners”

Jason Herd, Partner
Herd Partners

Isolux Ingenieria USA

“vcfo was brought in to assist Isolux Ingenieria USA in the early start-up days. As the CEO, I was very impressed by their substantive skills and their ability to work with a diverse group of people spread across various offices and countries. Although they were an outsourced function they became a part of our leadership… Read more “Isolux Ingenieria USA”

M. Max Yzaguirre, CEO, Chairman
The Yzaguirre Group, LLC, Isolux Ingenieria

SURGE Accelerator

“The vcfo team joined SURGE as our first sponsor company and worked with all of our portfolio companies, providing several start up presentations on topics ranging from successful development of a financial forecast to the importance of having an appropriate infrastructure in place as they grow. They played a major role in helping our portfolio… Read more “SURGE Accelerator”

Kirk Coburn, Co-founder & Managing Director
SURGE Accelerator

Sonny Bryan’s Smokehouse

“vcfo has been a big asset to Sonny Bryan’s Smokehouse for the past six years. Initially they were charged with heading up the reorganization of our finance department and developing sound financial and management reporting. Thanks to vcfo, the reorganization is complete and the department is functioning at a high level. With our new accounting… Read more “Sonny Bryan’s Smokehouse”

Brent Harman, President
Sonny Bryan’s Smokehouse

Wind Energy Transmission of Texas (WETT)

“Initially WETT had no local presence with Board members and shareholders located in Canada, Spain and the northeast US. We brought in vcfo CFO and HR consultants during the initial company start-up in 2009 to assist in establishing that local presence. They took the lead in physically setting up our office, from identifying the office… Read more “Wind Energy Transmission of Texas (WETT)”

Wayne Morton, General Manager
Wind Energy Transmission of Texas (WETT)

SNUPI

“I have been very pleased with our vcfo Staff Accounting Consultant over the past year. In addition to ensuring that all financial statements were accurate, she was specifically tasked with cleaning up the balance sheet, reviewing current supporting schedules for accuracy and creating new schedules as necessary. I valued her expertise in our QuickBooks Online… Read more “SNUPI”

Kelly Pund
SNUPI Technologies

Living Direct, Inc.

“As a business owner, it has been imperative to partner with great people and partners to grow our business. During a time of incredibly rapid growth, we depended on the expertise and guidance provided by vcfo relating to an array of HR matters. We gained access to expert advice at a reasonable variable cost relative… Read more “Living Direct, Inc.”

Rick Lundbom, CEO
Living Direct, Inc.

E-Global Sports Network, Inc.

“vcfo has been an excellent CFO consulting resource for our early-stage company. The strong experience as well as the efficient and flexible structure provided by vcfo has helped us operate lean and mean. Our CFO has provided accurate and timely visibility into the financial operations of our business and we have benefitted greatly from the… Read more “E-Global Sports Network, Inc.”

Michael M. Sroka, CEO
E-Global Sports Network, Inc.

Scott’s Liquid Gold, Inc.

“At our moment of transition and change in our senior financial leadership, the vcfo team was at our side as our CFO consulting firm. vcfo evaluated our situation and matched our needs with the right virtual CFO on their team. Our company was able to transition to new financial leadership without worry about everyday management… Read more “Scott’s Liquid Gold, Inc.”

Mark Goldstein, President/CEO
Scott's Liquid Gold, Inc.

ProvidaCare

“vcfo has been and continues to be great partner for our organization. At a time when several changes in the organization were being made, vcfo provided guidance as well as stability in the accounting and finance departments. As our relationship has evolved we have leveraged their experience and have them playing a leadership role in… Read more “ProvidaCare”

Ryan Bennett, CEO
ProvidaCare

Spiceworks, Inc.

“I rely on knowing experts, like the team at vcfo. They’ve always been very up-front and keep the best interests of my business in mind.”

Scott Abel, CEO
Spiceworks, Inc.

ControlPath, Inc.

“Our CFO is a very strong asset to our company. He brings a unique talent to the table every time he steps in to assist our business, whether it is delivering strategic financial advice, maximizing investment opportunities or ensuring we have accurate financials with good operational explanations and related advice. He delivers on the fundamentals… Read more “ControlPath, Inc.”

Chris M. Poelma, former CEO
ControlPath, Inc.

Madagascar Oil

“vcfo was instrumental in helping the Company go public on the London AIM exchange.This entailed getting our financial records in compliance with IFRS and working closely with our auditors here in the states and in London. They also played a major role in implementing our new oil and gas E&P software while transitioning from our… Read more “Madagascar Oil”

Seth Fagelman, CFO
Madagascar Oil

National Trauma Institute

“Making the decision to work with vcfo is one of the best decisions we have made—not only did we receive a far higher level of expertise and quality of service, the costs have been dramatically less than paying our own employee a full-time salary. Further, vcfo made immediate recommendations to lower operating expenses. vcfo is… Read more “National Trauma Institute”

Sharon Smith, Executive Director
National Trauma Institute

The Albert Companies

We went through a major business transaction that we couldn’t have done without the vcfo team. They played a key role in driving The Albert Companies to our best year in revenue and profits.

Bobby Albert, CEO
The Albert Companies

ProtectHer

“I have NO words to properly articulate my gratitude for vcfo and what an asset they have been. vcfo pointed out a significant blind spot on the pricing tiers that will not only transform my business, but impact me personally. I’m grateful to not only have found an effective accountant, but truly… a new friend.… Read more “ProtectHer”

Alexis Jones, Founder & CEO
ProtectHer & I AM THAT GIRL

Treehouse Brand Stores

“I can’t believe how wonderful the entire process has been working with the vcfo Controller and CFO. The three of us worked really well together. No doubt it has been a ton of work, but working with them gave me such a better perspective on so many things with the systems at THBS. Their experience,… Read more “Treehouse Brand Stores”

Doni Files, Director of Finance
Treehouse Brand Stores

Convey

“Working with Suzin at vcfo has been a tremendous gift. Through vcfo’s HR Mentoring program, Suzin has helped me rise to the next level as a Human Resources professional. In our year of working together, she has guided me towards big picture, strategic thinking. Our company is growing and I will be taking on more… Read more “Convey”

Sara Silva, HR Generalist
Convey

Crossroads Systems, Inc.

“They consistently supplied qualified candidates for any requirements we’ve given them, understanding not only the technical piece, but also the intangibles that only established recruiting professionals can identify. Having utilized them as both a job seeker and as a customer, I would recommend them to anyone looking at recruiting firms for assistance with their search… Read more “Crossroads Systems, Inc.”

Joshua N. McCord, Senior Corporate Recruiter
Crossroads Systems, Inc.

AndersonMasonDale Architects

“Our firm has traditionally had two people in the accounting department, but with the uncertain economy in recent years, we decided to move to a new paradigm. Now we have one full-time Bookkeeper with part-time senior-level support from vcfo. It’s been a great collaboration. vcfo has provided a level of expertise that is immensely valuable,… Read more “AndersonMasonDale Architects”

Andy Nielsen, Principal
AndersonMasonDale Architects

Associations & Memberships

austin-business-journal_leadership-trust-2019

ABOUT vcfo

Financial expertise, operational excellence and profitability go hand-in-hand, which is why more than 5,000 companies have engaged with us for finance, human resources and recruiting needs. We work to understand your objectives, and then provide fractional or interim virtual CFO service to help with strategic decisions, as well as optimizing and leading operational support.

Our expert HR consultants have delivered services for all types of companies, aligning people for success. As executive recruiters for finance positions and HR, our extensive vertical expertise, existing network of candidates, and state-of-the-art tools support quick delivery of candidates. Always, vcfo works as trusted advisors, working with your team to solve the most complex business and operational issues.