Publication
C Corp, S Corp, LLC? Finding the Best Fit for Your New Business
https://www.toptal.com/management-consultants/interim-cfos/c-corp-vs-s-corp
Scott is available for hire
Hire ScottScott Hoover
Verified Expert in Management Consulting
Management Consulting Expert
Stratford, WI, United States
Toptal member since October 31, 2018
Bio
Scott is a CPA who brings financial clarity to clients, from small firms using QuickBooks to larger companies on platforms like Dynamics or Viewpoint. An entrepreneur at heart, he became a freelance CFO nine years ago and has assisted clients in a wide range of industries. He has three focus areas: high-level monthly financial oversight, accounting software projects (setup, cleanup, migration, and chart of accounts), and corporate tax planning.
Career Highlights
Principal
Hoover Financial, LLC
Education Highlights
Bachelor's Degree
University of Wisconsin-Madison
Associate's Degree
University of Wisconsin-Marshfield
Certification Highlights
Certified Public Accountant (CPA)
State of Wisconsin
Industry Expertise
- Agriculture
- Business Services
- Accounting Services
- Construction
- Finance
- Manufacturing
- Retail
- Financial Software
Other Expertise
- Accounting Systems
- Business Taxation
- Certified Public Accountant (CPA)
- CFO
- Chart of Accounts
- Manufacturing
- Taxation
Work Experience
Principal
2009 - PRESENT
Hoover Financial, LLC
- Provided outsourced CFO services primarily for project-based companies in the manufacturing, construction, retail, and professional services space.
- Provided clients with accurate month-end financials and breakout reporting by project, division, and location.
- Assisted in the design and implementation of Vista by Viewpoint ERP software for a mid-sized design/build construction contractor.
- Aided in the design and implementation of ECi M1 ERP software for a small manufacturing company.
- Helped lead the implementation of Microsoft Dynamics NAV for a mid-sized manufacturing company.
- Provided a financial perspective and analysis on three buyouts of small to mid-sized manufacturing and construction companies.
- Streamlined the chart of accounts and set up the work-in-process accounting for a $10 million furniture manufacturer/retailer, providing them with their most accurate financials since the inception of the company.
- Assisted a startup in the industrial packaging space by reviewing operating agreements and partner loan documents.
- Developed custom financial statements in Xero for a client in the consulting/eCommerce analytics space.
- Assisted management with cost-cutting and other turnaround measures at a financially troubled manufacturing company with $7 million in revenues.
Focus areas: CFO, Business Taxation, Accounting Systems, Accounting, Corporate Finance, Strategy, Due Diligence, Mergers & Acquisitions (M&A), Valuation
Staff Accountant | Senior Accountant
2003 - 2009
Wipfli
- Reviewed and prepared financial statements for clients up to $250 million in revenues.
- Prepared income tax returns for C corps, S corps, partnerships, and LLCs.
- Assisted with year-end corporate tax planning by analyzing accelerated depreciation options and impact of executive bonuses on taxable income.
- Built a detailed financial projection for a startup in the wind-energy space.
- Provided SOX compliance services for a major publicly traded US corporation.
- Prepared income tax projections and personal income tax returns for business owners and professionals.
Focus areas: Financial Reporting
Other Experience
Publication
Accounting Best Practices Ignored: 10 Ways Entrepreneurs Waste Money on Accounting and Stifle Growth
https://www.toptal.com/management-consultants/interim-cfos/accounting-best-practices-ignored
Publication
Goodbye, Overdue Receivables
https://www.toptal.com/management-consultants/interim-cfos/overdue-receivables
Publication
Financial Clarity at Last: How to Reboot Your Chart of Accounts Structure in 7 Steps
https://www.toptal.com/management-consultants/interim-cfos/chart-of-accounts-structure
Education
2001 - 2003
Bachelor's Degree in Accounting and Real Estate Finance
University of Wisconsin-Madison - Madison, WI, USA
1999 - 2001
Associate's Degree in Business
University of Wisconsin-Marshfield - Marshfield, WI, USA
Certifications
MAY 2005 - PRESENT
Certified Public Accountant (CPA)
State of Wisconsin
Skills
Finance
Accounting Systems, Business Taxation, Balance Sheets, Controller, Certified Public Accountant (CPA), Taxation, CFO, Accounting, Financial Reporting, Corporate Finance, Financial Modeling, Cash Flow, Due Diligence, Mergers & Acquisitions (M&A), Valuation
Data & Analysis Software
QuickBooks Online, Intuit QuickBooks, Xero Accounting
Industry Expertise
Professional Services, Agriculture, Construction, Retail & Wholesale
Geographic Expertise
United States
Output Software
Microsoft Excel
Other
Corporate Income Tax, Income Statements, Chart of Accounts, Consulting, Close Procedures, Cost Accounting, Monthly Close Process, Enterprise Resource Planning (ERP), Vista by Viewpoint, Financials, Manufacturing, Microsoft Dynamics NAV, Fractional CFO, Interim CFO, Virtual CFO, Cash Flow Analysis, Finance, Microsoft Dynamics GP, Strategy
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