Outsourced Richmond CFO Services – Increase Your Profits by 954.9%?
For 35+ years, we’ve been providing premier CFO virtual services for American business owners, and we’re damn-good at what we do. On average, we increase revenue by 40.1% ($2.3M) and profits by 954.9% ($1.8M) over 3 years.
Serving the Richmond area’s 1,059,907 residents and 46,550 businesses spanning Fan District, Museum District, Church Hill, and beyond for all of your Richmond Small Business Accountant needs.
How One Small Business Owner in Philadelphia Unlocked $1M in Capital
Discover How 3 of Our Clients Benefitted From Our CFO Advisory Services
By teaming up with us and receiving insightful data and creative strategic solutions, the following three clients were able to make better decisions and increase their profits substantially (avg 954.9%).
Challenge:
They had no idea how much they were making or losing.Case Study #1: Hospitality Client*
Solution:
Our outsourced CFO services helped them get clarity on their profits and losses. Then we implemented a promotional campaign, and they reaped results.Net Result:
A $800k (21.3%) growth in revenue, and a$752K (1,748.8%) growth in profits.
Challenge:
Their financials didn’t make sense to them.Case Study #2: Manufacturing Client*
Solution:
With our CFO virtual services, we fixed their financials, helped them catch-up, and then went for explosive growth!Net Result:
A $1.7M (9.6%) growth in revenue, and a$3.9M (953.7%) growth in profits.
Challenge:
Very expensive operating costs.Case Study #3: Construction Client*
Solution:
Through our outsourced CFO services, we helped them get clarity on their profits and losses. Then we implemented a promotional campaign, and they got incredible results.Net Result:
Their “Year 4”projections are $20M / $3M(revenue/profits). As well as a projected 10-figure buyout within 3 to 9 years.
CFO = 10x Revenue & 4x Profits
We analyzed the financials of our outsourced CFO clients and found…
Companies that did not use CFOs
- Their average annual revenue was $1.2M
- Their average annual profits were $310K
- Worst of all, these Business Owners were prone to working 60+ hour work weeks
Companies that used an outsourced CFO
- Their average annual revenue was $10.7M
- Their average annual profits were $1.1M
- Best of all, the Owners worked less as they relied on their teams and employees to achieve results
Our CFO Services Are Perfect for You, IF…
You don’t know what a CFO does?
- If you’re trying to grow your business without a CFO (Chief Financial Officer) it would be like trying to fly from NYC to LA, but without any instruments or a map.
- As your CFO, we’ll act as your navigator and strategically guide you through the financial data to help you (the CEO) pilot the company to your revenue goals.
- Note, a CFO (Chief Financial Officer) is not just another accountant who calculates numbers; a CFO is a partner who communicates the prioritization of creative solutions.
You realize you need a CFO
- You want a CFO to alert you to foreseeable trouble (cashflow), make financial decisions (on labor costs), and “gut check” your decisions, but…
- You can’t justify the $150,000 to $500,000 salary of a full-time CFO.
- The solution is our on-demand CFO services because we can provide the high-level strategic advisory required to achieve your growth goals, but at a fraction of the cost of a salaried executive.
4th Generation Small Business Owners & Accountants
My grandfather was an Accountant and my other grandfather was in the insulation manufacturing industry. Doing great accounting work is in my blood.
Since 1989, my father (Kevin Niedoba), a small business accountant of 30+ years founded our family accounting firm. A few years back, I decided to split my time as a small business owner and join him because I’m passionate about both accounting and entrepreneurship. I hope one day my son, William, will also join the business (if he wants to, he’s only 3 years old).
We’ll treat your business like it’s our own, by taking advantage of every possible legal tax minimization and profitable growth opportunity we can, all the while minimizing risks.
On behalf of my family and our amazing team at NB Advisors, I look forward to working with you to grow your business.
Ryan Niedoba | NB Advisors
Managing Partner
Kevin Niedoba, CPA | NB Advisors
Managing Partner
Trusted by Richmond Small Business Owners
Their expertise has been invaluable in navigating the complexities of taxes, making smart business decisions, and managing our finances as we expanded from one studio to multiple locations. They don’t just handle the numbers—they provide strategic insights that have helped me make informed choices at every stage of growth.”
Why Only 6% of Businesses Grow by 300%
Did you know that only 6% of businesses set annual goals and revisit them on a quarterly basis?
This is according to Xero’s (second largest accounting software) “Make or Break” report, which goes further to share that the 6% of business owners that “revisited” their goals quarterly had an increase of 300% in both productivity and performance.
Our Claimed Awards
2018
NJBA:
Best Online Interactive Tool Award
2016-17
SNJBP:
Readers’ Choice Award
2016
NJBA:
Sales and Marketing Excellence Award
2015
Thomson Reuters:
The Rookie of the Year Award
Photo Credit:
Thomson Reuters. Ryan Niedoba (middle) and Kevin Niedoba (right).
Our Claimed Awards
2018
NJBA:
Best Online Interactive Tool Award
2016-17
SNJBP:
Readers’ Choice Award
2016
NJBA:
Sales and Marketing Excellence Award
2015
Thomson Reuters:
The Rookie of the Year Award
World Class Richmond Controller Services
Call/Email Response Within 24 Hrs
Schedule of Service Delivery
Upfront Fixed Fee
Small Business Experts
Multiple Points of Firm Contact
Proactive CPAs
Constantly Innovating!
Our Growth Playbook
We have the exclusive North American license to “Game Plan”; a proprietary management accounting tool.
With this tool, we’ll quickly analyze 100s of financial data points
and produce a report with 13 metrics to predict your company’s health, risk factors both short and long term, and likelihood of bankruptcy.
As certified tax professionals, we’ll evaluate your business’ profitability and compare it to the rest of your company’s industry.
We commonly see companies with gross profitability of 10%-15% when they should be closer to 25% to 28%.
Our focus is on making our customer’s business better, faster, and stronger. This is done via our annual firm-wide “Awesome 8” review and by working with businesses on:
- Growth: Strategies to increase revenue and size of the business.
- Profitability: How to yield more profit per dollar.
- Cash Flow: Better manage cash flow (highs and lows).
- Asset Protection: On hard earned money from risk exposure (liability and seizure).
- Tax Minimization: To minimize tax paid.
- Financial Retirement: Ensure adequate plans and resources for an abundant financial retirement.
- Succession: Create a “salable” business that ensures a successful transition to the next generation of ownership.
- Legacy/Estate: A functional plan to take care of families and accumulated wealth after death.
The Only CPA Firm with a Pricing Guarantee
Our pricing guarantee is simple: If we don’t quote you upfront for the work, we don’t expect you to pay. Whether that’s in our first engagement with you, or it’s in 20 years from now.
You’ll never receive an unpleasant surprise in our invoicing.
We’ll Integrate with Your Accounting Software
“NB Advisors has been a great partner in taking a proactive look at our accounting. They present us with new ideas to help us grow and protect what we have worked so hard to build.”
Bruce Paparone
Founder & CEO of Bruce Paparone Communities
Yes, We Offer Small Business Accounting in Richmond, Virginia
Henrico, VA
Glen Allen, VA
Mechanicsville, VA
Midlothian, VA
Chester, VA
Ashland, VA
Bon Air, VA
Tuckahoe, VA
Highland Springs, VA
Lakeside, VA
East Highland Park, VA
Short Pump, VA
Varina, VA
Sandston, VA
Laurel, VA
Dumbarton, VA
Bellwood, VA
Brandermill, VA
Woodlake, VA
Montrose, VA
Manchester, VA
Innsbrook, VA
Meadowbrook, VA
Bensley, VA
Chamberlayne, VA
Wyndham, VA
Kings Charter, VA
Ashcake, VA
Atlee, VA
Studley, VA
NB Advisors, LLC in Richmond is near Maymont which is close to Bellevue, Bon Air, and Museum District. Virginia State Capitol, Altria Theater, and Richmond Raceway are also nearby.
Other locations we serve:
1 Fun and 1 Interesting Fact About Richmond
Richmond is known for its vibrant and diverse food scene, making it a fun destination for culinary enthusiasts. The city’s numerous restaurants, food festivals, and farmers’ markets showcase a wide array of flavors, from Southern comfort food to innovative fusion cuisine. One fun spot is the Richmond Night Market, where visitors can enjoy local food, crafts, and live music in a lively atmosphere. An interesting fact about Richmond is its rich historical significance as the capital of the Confederacy during the American Civil War. The city is home to numerous historical landmarks and museums, including the American Civil War Museum and the Virginia State Capitol, designed by Thomas Jefferson. These sites offer deep insights into the nation’s history, providing a compelling exploration of Richmond’s role in shaping the United States.
Richmond Small Business Accounting Resources
10306 Eaton Place
Suite 180
Fairfax, VA 22030
(703) 277-7703
What is the Virginia Society of Certified Public Accountants (VSCPA)?
The Virginia Society of Certified Public Accountants (VSCPA) is a professional organization dedicated to supporting CPAs and accounting professionals in Virginia. With over 13,000 members, the VSCPA offers continuing professional education, networking opportunities, and advocacy efforts. The organization helps both aspiring and practicing CPAs with career development resources and guidance on licensure requirements. Additionally, the VSCPA advocates for the accounting profession at the legislative level, ensuring that members’ interests are represented and protected within the state.
What is the Virginia State Board of Accountancy?
The Virginia Board of Accountancy (VBOA) is the regulatory authority responsible for licensing and overseeing certified public accountants (CPAs) and CPA firms in Virginia. Established in 1910, the VBOA ensures adherence to professional standards through examination, licensure, continuing professional education, and enforcement of ethical practices. It operates under the authority granted by the Code of Virginia and the Virginia Administrative Code. The VBOA’s mission includes protecting the public by ensuring that only qualified individuals and firms practice public accountancy in the state.
Richmond, VA Local Resources
Top Companies in Richmond, VA
More About Small Business Accounting in Richmond, Virginia
Richmond, the capital of Virginia, is a city rich in history and cultural significance. As of the 2020 census, it has a population of approximately 226,610 residents. The city covers about 62.5 square miles and features a mix of urban, suburban, and historic neighborhoods. Demographically, Richmond is diverse, with around 46% of the population being African American, 45% White, 7% Hispanic or Latino, and 2% Asian. The median age in Richmond is about 34 years, reflecting a balanced mix of young professionals, families, and older residents.
Residents of Richmond enjoy a vibrant cultural scene, with numerous museums, art galleries, and theaters contributing to the city’s lively atmosphere. The James River offers recreational opportunities, while various parks and green spaces provide residents with ample outdoor activities. Richmond’s economy is diverse, with strong sectors in finance, law, government, and education, anchored by institutions like Virginia Commonwealth University. The city’s historic charm, combined with its modern amenities and a strong sense of community, makes Richmond a dynamic and appealing place to live for people of all ages and backgrounds.
Small business accounting in Richmond, Virginia, is essential for the city’s diverse and thriving entrepreneurial landscape. Richmond is home to a wide range of small businesses, including restaurants, retail shops, professional services, and tech startups. Local accounting firms provide crucial services such as bookkeeping, tax preparation, payroll management, and financial planning. These services help small business owners maintain compliance with financial regulations, manage their finances effectively, and make informed decisions to foster growth and sustainability.
The supportive business environment in Richmond includes a network of accountants who offer personalized financial solutions tailored to the specific needs of each business. These professionals assist with everything from startup financial planning to ongoing financial management, helping businesses navigate challenges and capitalize on opportunities. By providing expert advice and support, local accountants play a vital role in the success and resilience of Richmond’s small businesses, contributing significantly to the city’s economic vitality and community development. Their expertise ensures that small businesses can thrive in a competitive market, driving innovation and growth within the Richmond area.
NB Advisors, LLC works with small businesses to minimize their tax burden and grow their profits. Offering tax planning and accounting services in the greater Richmond area, we work proactively for you. Our clients love our quick response time, fixed fees, and our innovative solutions.
Book Your Free Consultation
If you’re looking to save on your taxes and grow your business, then we’re your trusted Advisors.
Your Next Steps
Request a Consultation |  |
We’ll review your immediate needs and provide a course of action to help you save money on taxes and grow your business.
Get Your Free Guide |  |
See how one business owner unlocked $1M in capital.
Consult with a Small Business Accountant in Richmond Today.
