News

Growth Driven by Merger and Acquisition Transaction Group and CFO Advisory Services

New York, NY – July 23, 2024 – The CFO Squad, a leading provider of outsourced CFO and financial business services for private and public entities, proudly announces a record 35.2% revenue growth in the first half of 2024. With increasing demand and a strong pipeline of projects, CFO Squad anticipates robust growth in the second half of 2024 and is moving forward with its expansion and hiring plans.

Our revenue growth is driven by the increasing demand for our recently launched CFO Advisory and Interim CFO Services, as well as our enhanced Merger and Acquisition Support Services.

Our other core services have also maintained strong growth in the first half of 2024, including:

• Audit Preparation Services for public and private companies
• SEC Reporting Services
• Technical Accounting Services
• Deferred Taxes and Tax Compliance
• Financial Modeling, Forecasting, and Budget Preparation Services
• Automation Services
• Backoffice/Private Company Services

Joseph Himy, CFO Squad Managing Director and Founder, stated, “We are seeing widespread acceptance of our business model. With the rising costs of direct hiring, improved communication tools, and the need for accountants with diverse expertise, the demand for our services continues to grow. Our clients often extend their engagements upon realizing the benefits of our services, and many new clients come through referrals, which speaks volumes about our unique service model.”

Luke McPherson, Director at CFO Squad, expressed enthusiasm about our ongoing significant growth. Despite external challenges such as financial, political, and economic factors impacting the markets, our unwavering commitment to sourcing top talent ensures sustained demand for our services. Internally, we’re advancing into the second half of 2024 with cutting-edge automation software tools. These tools will streamline our financial reporting processes, enable the creation of management dashboards, and elevate the quality of our financial information.

Erick Frim, a partner at CFO Squad and leader of our SEC, Going Public, and Technical Accounting Groups, is optimistic about the firm’s growth prospects for the rest of 2024. “The market for outsourced accounting services remains strong. Additionally, with several national corporations contacting us for our services in the first half of 2024, I am leading our internal efforts to accelerate the professional growth of our team and enhance our quality control procedures to exceed our clients’ expectations.”

The CFO Squad provides clients with access to financial reporting experts at an affordable price, aligning with today’s trend of reducing or avoiding the cost burden of a large back-office accounting staff. Clients rely on the CFO Squad for financial oversight, regulatory compliance, capital raising support, complex business transactions such as mergers or acquisitions (M&A), navigating IPOs and SEC filings, and uplisting from OTC markets to Tier 1 exchanges like Nasdaq.

For more information about CFO Squad and its range of financial business services, visit www.cfosquad.com.

About CFO Squad
CFO Squad is a premier accounting consulting firm specializing in financial reporting, technical accounting research, and CFO advisory services for companies of all sizes across various industries. Our team of professionals offers specialized expertise to ensure the successful completion of complex accounting projects. For more information, please visit our website or call us at (845) 613-3394.

Offices:
New York City, New York
Boston, Massachusetts
Philippines Office, Buhangin-WVP Lopson
Israel Office, Ramat Bais Shemesh (Central Israel)

Contact Information:
Joseph Himy, CPA
Founder & Managing Director
info@cfosquad.com
(845) 613-3394