Webb CFO

The most complicated part of an employee leaving usually isn’t the resignation itself. It’s everything that happens after. Who has access to what? Has final pay been handled correctly? Who is talking to the client? Where did that person keep the information everyone now needs? Did anyone get the laptop back? Are benefits and payroll being handled the same way every time? These are not the kinds of questions you want to figure out in a rush. Employee transitions are normal, and they don’t have to feel chaotic. A simple off-boarding checklist gives your team a clear path when emotions are high and details are easy to miss. It protects the business. It protects the team. And it helps ensure important knowledge doesn’t walk out the door on someone’s last day. If your off-boarding process mostly lives in someone’s head, now is the time to write it down. And if you want to talk this through with an expert, Webb CFO does more than just finance. We take a holistic look at a business's needs to inform our work. Let's talk. #BusinessOperations #Offboarding #Leadership #RiskManagement #WebbCFO

It's mid-year review time. You NEED to know what story the numbers are telling now, not six months ago.

Please join us in welcoming Andrew to the WebbCFO intern team! Andrew is joining us after making a career switch from the film industry into accounting. He is currently completing his Master of Professional Accounting at the University of Texas at Arlington and is excited to continue growing his accounting knowledge and career with WebbCFO. We’re excited to have Andrew on the team and look forward to seeing all he brings!

Please join us in welcoming Jordan Purselley to the WebbCFO team! Jordan is joining us as an intern while pursuing a degree in Human Resource Management at the University of Arkansas, with minors in Economics and Marketing. Originally from Fort Worth, Texas, Jordan is eager to gain hands-on experience and continue building skills that will support both personal and professional growth. Jordan has already embraced the opportunity to learn and contribute at WebbCFO and is excited to keep putting their best foot forward throughout the internship experience. We're excited to have Jordan on the team and look forward to seeing all she accomplishes!

One of the most common compliance mistakes we see isn't intentional. It's worker misclassification. Many business owners assume that if someone wants to be paid as a contractor, that's enough. Unfortunately, that's not how the IRS or employment regulators see it. The classification depends on the actual working relationship. Ask yourself: ✔️ Who controls how, when, and where the work is performed? ✔️ Who provides the tools, equipment, and resources? ✔️ Does the worker serve multiple clients, or primarily work for your business? ✔️ Is the work a core part of your company's operations? Getting this wrong can lead to significant tax liabilities, penalties, and employment law issues. As your team grows, it's worth reviewing your classifications to make sure they're still aligned with the reality of how your business operates. A quick review today can prevent a very expensive problem tomorrow. #BusinessCompliance #HumanResources #BusinessOperations #Leadership #RiskManagement #WebbCFO

Please join us in welcoming Julia M. to the WebbCFO team! Julia is joining us as an accounting intern while finishing her degree in Psychology at the University of Texas at Austin. After being introduced to accounting through her business minor, she discovered a real passion for the field and is already planning to pursue a Master of Accountancy after graduation. Outside of work and school, Julia is an avid reader and can almost always be found with a book in hand. We’re so excited to have her on the team and can’t wait to see all she brings to WebbCFO!

FYI for all QuickBooks Payroll users—this is a small update worth knowing about. QuickBooks recently shared that employees will soon be able to update their own direct deposit information through QuickBooks Workforce. For employers, there’s no action needed, and this won’t change how you run payroll. It just means employees may be able to make those updates themselves without notifying the employer first. This is mostly an FYI, but it’s the kind of thing that’s helpful to know before it causes confusion. If you use QuickBooks Payroll, it may be worth making sure the person who oversees payroll is aware of the change. Small system updates can create big questions when no one sees them coming! #QuickBooksPayroll #PayrollUpdate #BusinessOwners #PracticeManagement #WebbCFO

Proud of our founder, Sarah Elliott Webb, for stepping into the role of CFO with CureNet Research, a national organization focused on supporting physician-led research through training, mentorship, and technology. And to all our amazing clients, be assured that Sarah's work and commitment to Webb CFO and you is not changing. If anything, this expands the perspective we bring to the table! Sarah will continue to work directly with our clients, our team is growing, and our focus remains exactly where it’s always been—helping physician owners build financially strong, well-run businesses.

Tax season may be over, but some of the most important financial decisions for your practice are just beginning!