CFO Services for a Small Partnership


This client shared a QBO file that was missing activity for over a year and a half, had never been reconciled, and no partnership returns had been filed for 2 years. They were subject to over $4,000 in penalties and their buyout terms for the second partner needed to be reconstructed to benefit the company. 


We added missing activity to show a loss rather than a gain and worked with a tax preparer on solutions for abatement of penalties and worked with a business attorney to restructure the buyout to avoid further penalties and protect the remaining partner. 

Annette Sonnenburg

Annette Sonnenburg is the President of Sonnenburg Consulting Inc. and has provided CFO services, business consulting, and outsourced accounting and bookkeeping services for more than 20 years.