Teresa Smagacz
Fractional CFO and Controller
About
With over 30 years of accounting experience, Teresa Smagacz offers strategic financial leadership to clients as a seasoned Fractional CFO and Controller. Her career spans a diverse range of industries, including manufacturing, service-based businesses, and nonprofit organizations. Teresa’s strengths lie in financial reporting, budgeting, internal controls, and operational efficiency. She has managed everything from daily accounting functions to complex, multi-site financial operations, always with a focus on clarity, accuracy, and results.
Shaped by her father’s love of math and disciplined approach to life as a proud WWII veteran, Teresa developed an early appreciation for structure and organization. This foundation, paired with a natural talent for numbers, made accounting a natural path. Her passion only deepened over the years: whether alphabetizing receipts at her first job with her sisters, managing school budgets while raising four sons, or volunteering her financial expertise for local teams and organizations.
Teresa holds a Bachelor of Business Administration in Accounting from Loyola University Chicago and is a licensed CPA in Illinois. A forward-thinking professional, she spearheaded the transition of an entire PreK–8 school to a paperless system in the early 2000s, well ahead of the trend. Throughout her career, Teresa has seamlessly led or co-led numerous ERP and HRIS implementations, ensuring smooth transitions and happy teams. She has also secured over $5 million in PPP loan forgiveness for clients, combining technical expertise with a deep commitment to client success.
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Teresa and her husband are the proud parents of four sons and have cheered them on in just about every sport involving a ball or a stick.
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When they are not in the Illini stands watching their youngest play hockey, you might find Teresa and her husband riding their Harley to places with great music, a fun atmosphere, and a good drink.
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Teresa enjoys entertaining family and friends, getting lost in a good book, and sneaking in a piano session when no one’s around to hear her hit the wrong notes.
Latest Thinking & Research
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- CFO Services
- Business Advisory
- Featured
How CFO-Level Reporting Improves Business Performance
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Key Tax and Accounting Rules That Apply to Foreign-Owned U.S. Subsidiaries
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Should You Hire a Full-Time or Fractional CFO?
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When Does a Business Need More Than Basic Bookkeeping?
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What Every Business Owner Should Know About Exit Planning
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How Do You Plan a Successful Business Exit? [Ask a DHJJ CPA Episode 10]
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How OBBBA Depreciation Changes Impact Equipment Purchases
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