{"id":80896,"date":"2020-12-12t12:00:16","date_gmt":"2020-12-12t17:00:16","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=80896"},"modified":"2021-02-02t07:26:47","modified_gmt":"2021-02-02t12:26:47","slug":"what-running-a-virtual-cpa-firm-really-costs","status":"publish","type":"post","link":"\/\/www.g005e.com\/2020\/12\/12\/what-running-a-virtual-cpa-firm-really-costs\/","title":{"rendered":"what running a virtual cpa firm really costs"},"content":{"rendered":"<p><strong><a href=\"https:\/\/4f2bur4nuye2cgakm2rm61qk-wpengine.netdna-ssl.com\/wp-content\/uploads\/2015\/09\/businesspeoplehighfive_dollarphotoclub_50630714.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-43785\" src=\"https:\/\/4f2bur4nuye2cgakm2rm61qk-wpengine.netdna-ssl.com\/wp-content\/uploads\/2015\/09\/businesspeoplehighfive_dollarphotoclub_50630714-424x283.jpg\" alt=\"happy business professionals giving high five hand slap\" width=\"424\" height=\"283\" \/><\/a>remote workers still need to get together if possible.<\/strong><\/p>\n<p><i>by jody grunden<\/i><br \/>\n<a href=\"\/\/www.g005e.com\/shop\/jg20vcfo\/\"><i>building the virtual cfo firm in the cloud<\/i><\/a><\/p>\n<p>with a brick-and-mortar company, there are a number of standard costs that you would expect to have, such as rent or mortgage, utilities, building repairs, furniture, technology, etc. the total amount of these kinds of costs typically falls in the range of 3-4 percent of the company\u2019s annualized revenue. that amount can be pretty significant for a lot of companies.<\/p>\n<blockquote><p><b>more: <\/b><a href=\"\/\/www.g005e.com\/2020\/10\/31\/remote-work-means-meetings-are-inevitable\/\">learning to love video calls<\/a> | <a href=\"\/\/www.g005e.com\/2020\/10\/24\/try-an-accountability-chart-instead\/\">try an accountability chart instead<\/a> | <a href=\"\/\/www.g005e.com\/2020\/10\/02\/do-you-have-the-right-people\/\">do you have the right people?<\/a> | <a href=\"\/\/www.g005e.com\/2020\/08\/29\/boost-efficiency-with-tech-stacks\/\">boost efficiency with tech stacks<\/a> | <a href=\"\/\/www.g005e.com\/2020\/07\/05\/3-ways-to-tell-your-team-is-effective\/\">the only 3 metrics you need<\/a> | <a href=\"\/\/www.g005e.com\/2020\/06\/15\/how-we-sell-and-convert-audits\/\">how we sell audits online<\/a><br \/>\n<strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-49700\" src=\"http:\/\/4f2bur4nuye2cgakm2rm61qk.wpengine.netdna-cdn.com\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1470686574894.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00\"><a style=\"color: #b79c00\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2020\/12\/12\/what-running-a-virtual-cpa-firm-really-costs\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n<p>some business owners may think they can save the company all of that money by going remote, but i personally believe that\u2019s a terrible idea. while it\u2019s true that a distributed company doesn\u2019t have the costs that come with having a physical space, the very nature of a remote work environment results in a completely different and unique set of needs that should be considered in the company\u2019s annual budget.<br \/>\n<!--more--><br \/>\nthe money saved on things like rent and utilities shouldn\u2019t simply go toward profit. instead, those \u201csavings\u201d should be reallocated to things like company retreats and meetups. it\u2019s important for remote workers to get together throughout the year \u2013 whether it be an annual companywide retreat, a leadership team retreat, a project get-together or simply for educational purposes.<\/p>\n<p>we have an annual retreat where we get the entire team together for a week. this helps us get to know each other on a more personal level and creates a dynamic similar to what you would find in a traditional office setting. we have a leadership team retreat where we get our leaders together to discuss the vision and future of our firm. these types of get-togethers deepen our bond with one another and help us work together more effectively as a team. we also have departmental retreats that we try to piggyback with a cpe event to save on travel costs.<\/p>\n<p>depending on our company forecast, we try to meet twice a year, once a year as a full team and a second time through cpe or departmental meetings. we\u2019ve found that the cost of in-person events roughly accumulates to the same 3-4 percent of annualized revenue that a company would \u201csave\u201d by not having a traditional brick-and-mortar office. we try to keep our average price per person at or near $2,000-$2,500 for the team retreat, and $1,000-$1,500 for departmental and cpe events. travel includes hotel, travel, and meals. it may be a wash from a financial standpoint, but it\u2019s a strategic use of company funds that will help the company become stronger and healthier as it grows.<\/p>\n<p>an accountant on our team, alyssa colf, shared, \u201ci have benefited greatly from every in-person interaction i\u2019ve had with my coworkers. it\u2019s just a different kind of connection that you can have when you\u2019re face to face with someone. i think it\u2019s an experience that people working in brick-and-mortar companies wouldn\u2019t really understand. they are together every day, so it can be taken for granted. when they get together, it\u2019s no big deal, but when we get together it is something really special. i think everyone cherishes that time together and makes the most of the time to connect on an entirely different level.\u201d<\/p>\n<p>get-togethers can be powerful bonding events for remote workers, and they are an important part of doing business remotely. if business owners think that they can save money by running the company as a distributed model, they are doing a disservice to the company and its employees. not investing money in healthy human interaction will only have a negative impact on the company in the long run.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>remote workers still need to get together if possible.<\/strong><br \/>\n<em>by jody grunden<\/em><br \/>\n<a href=\"\/\/www.g005e.com\/shop\/jg20vcfo\/\"><i><span style=\"font-weight: 400\">building the virtual cfo firm in the cloud<\/span><\/i><\/a><\/p>\n","protected":false},"author":3185,"featured_media":54445,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1363,3120,3002,3065],"tags":[],"class_list":["post-80896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-pro-member-exclusive","category-special","category-vcfo"],"acf":[],"yoast_head":"<!-- this site is optimized with the yoast seo plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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