Is It Time to Consider an Outsourced Finance and Accounting Strategy?
In last month’s blog post titled “Economic Outlook: Ignore the Headlines,” Chris Dhanraj shared economic indicators and market recommendations to support our “it’s complicated” relationship status with 2023. Chris highlighted one concerning headwind: the tightening labor market and the rising cost of capital, both of which could challenge unprepared business owners in the coming year.
Earlier this month, the Bureau of Labor Statistics reported that the American economy added 223,000 jobs in December, specifically in health care, leisure and hospitality and construction. It was also reported that the unemployment rate fell to a historically low 3.5%. Great news, right?! Yes, but the finance and accounting professions continue to struggle with the double-whammy of baby boomer retirements and fewer college graduates entering the workforce.
An outsourced finance and accounting strategy can help companies tackle challenging economic conditions and the shrinking workforce. At CLA, we can provide:
- Full- or part-time outsourced professionals to support the finance and accounting functions, including handling the day-to-day transactions,
- A controller to help scale back-office operations, or
- A consulting CFO to weigh financial management issues and provide industry-specific guidance.
In the following CLA Talks recordings, our outsourced finance and accounting teams share how they deliver value to clients in the real estate industry:
CLA Talks: Real Estate Syndication and Holdings (with Dan Wolf and Tisha Hachimine)
CLA Talks: Real Estate Developers and Owner-Operators (with Michael Hart and Brenda Smith)
- Carey M. Heyman, CPA
- Managing Principal of Industry - Real Estate
- CliftonLarsonAllen LLP
- Century City (Los Angeles)
Carey is the Managing Principal of the Real Estate Industry at CLA. He is a trusted advisor with close to 20 years of experience providing accounting, assurance, tax, and consulting services to real estate industry owners, operators, family offices, developers and syndicators. Carey has a strong track record of helping clients build and retain capital by leveraging tax- and cost-saving strategies and employing tax credits and incentives. He also consults with high net worth individuals, large family groups, and owners of closely-held businesses on all aspects of tax planning, estate planning, and retirement planning.
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