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Finance Fight Club

Baby, reporting requirements, and your 2025 CFO needs

Published 8 months ago • 2 min read

CFO Support that grows your business and your confidence

Hi Reader,

As of drafting this newsletter, I'm very impatiently waiting for a baby to be born. If you haven't been in those final weeks of pregnancy, let me tell you - it is the WORST. Babies are the most unpredictable things on this planet and despite my hours of googling there is no sure way to eject a baby before it's ready (other than elective C-sections, but not my choice). So while the rest of you might have spent the beginning of the week anxiously awaiting election results - I was over here anxiously awaiting the arrival of a new human.

I have a few things for you today:

#1 - BOI or FINCEN reporting requirements podcast from my friends at SmartBooks

and

#2 - a new BLOG post: How Fractional CFO Services Can Transform Your Small Business in 2025

Let's dive in!

​In case you missed the last email: Finance Fight Club now has add-on services for all our members so you can get the CFO support you need when you need it ​

Beneficial Ownership Reporting Requirements: New in 2024

There is a new federal filing requirement for 2024 that new and existing businesses must comply with, or else face hefty fines. Businesses are required to report the identities of their Beneficial Owners. This filing is typically made by tax CPAs or attorneys and must be kept updated. In this episode of the Empowering Healthy Business Podcast, Greg Reed helps navigate the new requirement.

How Fractional CFO Services Can Transform Your Small Business in 2025

The Fractional CFO (Chief Financial Officer) world is relatively small and can be confusing. Part of that is because the world of finance and accounting is nuanced and roles can overlap, and part of that is because it’s still a relatively newer service for small businesses.

There are so many benefits to hiring a fractional CFO, even if you don’t think your business is big enough. But knowing what, when, and how to use a CFO can feel overwhelming. In this post we’ll cover:

  • What is a Fractional CFO?
  • What are the benefits for Small Businesses?
  • What Key Financial Areas do They Help With?
  • Real-Life Success Stories
  • How to Choose the Right Fractional CFO

Recurring review and accountability is what keeps you on track. That's why I created the base membership of Finance Fight Club.

Here's what one of our members said in our latest cash flow workshop:

"This is exactly what I need right now. This is perfect. I've been trying to build this exact thing on my own, and it's tricky. It's really, it's tough."

Happy Holiday Season!

-Natalie

In Case you missed it...

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PO Box 141, Olalla, WA 98359
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Finance Fight Club

Finance is not rocket scienceSadly, it’s become this mysterious field for small business owners like yourself. And it keeps owners in the dark from making their best choices for their businesses. My love for finance started when that light bulb turned on. Finance is not bookkeeping or taxes. Finance is making good decisions, which requires good financial analysis and controls. You cannot be strategic in your business without first understanding your numbers.That’s when I decided to bring my CFO-type skills to small businesses. To help owners become leaders, by integrating numbers into their daily choices and busting the myth—that finance is rocket science. it isn’t. Ready to make choices based on data, not hunch? Ready to feel in control of your business? Ready to grow revenues & increase profits? With confidence?

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