Advisory Services

You might find yourself having a question or needing help that goes outside the simple filing of a tax return or the completion of a bank reconciliation. Beyond the compliance work of bookkeepingtax filings, and audits, tax professionals can help businesses improve their profitability, pay fewer taxes, increase their cash flow, and become more efficient with technology. This work, which we call advisory work, is where you can get a real return on investment in your services with us.

Advisory services are designed to help you reach your business’s financial goals faster. Here are some of the ways we can help you.

Tax Planning

We can help you be proactive about your tax bill by thinking ahead and planning activities and transactions designed to reduce your taxes. This service includes a review of your situation and goals and includes one or more planning sessions to present options available to you to legally pay fewer taxes.  We can advise you on:

  • Individual tax planning
  • Providing tax projections throughout the year
  • Assisting with the tax requirements of certain situations that may come up in your life, such as marriage, divorce, settlements, windfalls, investment transactions, international work, illness, or death of a family member.
  • Transferring wealth to children and estate planning
  • Choosing the most advantageous type of entity for your business
  • Corporate tax planning

Business Consulting

Business consulting services span many areas. We will discuss with you your business goals and current challenges and guide you toward solutions to achieve your goals and solve your issues. Here are some areas where we have experience providing solutions:

  • Cash flow improvement. This is the most common issue with businesses and there are many ways to tackle this issue. We start by reviewing your invoicing, payroll, purchasing, and payment processes and suggest ideas for speeding up cash collections and slowing payments. We can prepare cash flow forecasts and projections to evaluate your short-term needs. We can also review your liabilities and prepare a bank loan package or create a payment schedule to get you out of debt.
  • Financial review and performance analysis. On a regular basis, we can hold a review session with you to discuss your financial results and point out opportunities for increased profits or revenue. We can also provide graphical dashboard analysis including forecasting, goal-setting, KPI selection (key performance indicators, kind of like a report card for your business), what-if simulations, benchmarking and more.
  • Strategic planning and budgeting. Many businesses are flying blind without a roadmap to help them know where they are going. We can help you build a strategic plan for your business as well as a budget (we prefer to call them profit plans) so you can get clear on your business’s future.
  • Capital expenditure and project analysis. There is an unlimited amount of ways to spend money in your business and only a limited amount of cash available. We can help you anticipate and prioritize the right projects for your business to reach your goals and move it forward. Our deep knowledge of your industry helps us guide you in this area.
  • Specialty financial services.These services, which include items like job costing and inventory analysis, can help you find ways to improve your business profitability. We take a deep look at your operations, reviewing items such as profit margins, pricing, revenue growth, and costs to identify issues to fix and successes to repeat.