CFO SQUAD ANNOUNCES RECORD 38% GROWTH IN 2021

Posted by Joseph Himy
Category:

NEW YORK, N.Y. – (February 24th , 2022) The CFO Squad, a premier provider of outsourced CFO and financial business services to both private and public companies, announced that it had a record year in 2021 with 38% year-over-year growth in revenues. This continues an eight-year trend of double-digit revenue growth.   

The firm’s revenue growth in 2021 was not only achieved through its core services, but also resulted from an increased demand for its other services, which include:

  • Technical accounting services
    • Lease Accounting
    • Revenue Recognition
    • Accounting for deferred taxes
    • Purchase accounting
    • Complex equity, debt and derivative issues;
  • CFO Advisory & Back Office accounting services for private companies;
  • Accounting and systems automation;
  • SPAC transaction & M&A services; and
  • Human resources and recruiting services.

There were also many significant achievements during 2021, a year in which the CFO Squad:

  • Posted a record-breaking 38% revenue gain;
  • Opened a new office in Israel, its second office outside the U.S.,

where it continues to operate three offices;

  • Expanded its staffing by more than 40%; its greatest increase ever;
  • Promoted seven team members in December; the most ever at one time;
  • Relocated to larger NYC offices, at 1345 Avenue of the Americas;
  • Expanded its service offerings to include Accounting and Services Automation;
  • Hired a Director of its CFO Advisory Services; and
  • Initiated Human Resources back-office    

           

“We’re excited about the progress we have made during the past year,” said Joseph Himy, CFO Squad Managing Director and Founder. “This reflects on the talent and diligence of our team, as well as the value-added services we are providing our clients. Our engagements with our clients are always extended, once they see the benefits of using our services. The word is getting out about our unique service model and most of our new clients come to us from our client referrals. It all bodes well for 2022 and beyond.”

 

The CFO Squad team is pleased with its accomplishments in 2021 and looks forward to continued growth through servicing public and private companies with all their outsourced accounting and financial needs.

 

2022 growth plans include:

  • Exceeding 30% revenue growth and increasing internal staffing by 25%
  • Opening new offices in one or two key states where we are most in demand
  • Continuing the firm’s “promote from within” policy
  • Engaging a professional service firm to assist with automating our accounting and internal administration processes.
  • Expanding CFO Squad’s service offerings

 

ABOUT THE CFO SQUAD

The CFO Squad is an accounting consulting firm that specializes in financial reporting, technical accounting research and CFO advisory services for companies of various sizes and from multiple industries. From complex technical accounting transactions to periodic financial reporting, our professionals can offer an organization the specialized expertise and multilayered skill sets to ensure their accounting projects are completed timely and accurately. The CFO Squad provides tax compliance & advisory services for its clients and offers a full suite of Outsourced Accounting Services. To learn more, please visit: https://cfosquad.com  or call us at (845) 613-3394.

 

OFFICES

NEW YORK CITY, NEW YORK OFFICE

1345 Avenue of the Americas
New York, NY 10105

 

WOODMERE, LONG ISLAND OFFICE

1024 Broadway
Woodmere, NY 11598

 

SPRINGFIELD, NEW JERSEY OFFICE

623 Morris Avenue
Springfield, NJ 07081

 

PHILIPPINES OFFICE

Buhangin-WVP Lopson,
Buhangin-Lapanday Road
Davao City 8000

 

ISRAEL OFFICE

Ramat Bais Shemesh (Central Israel)

 

Contact Info

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