As a small business owner, you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits.
Your stockholders, creditors, or private investors have different levels of risk tolerance, so we provide three levels of assurance to meet your needs.
We offer payroll solutions that meet your business’s needs and enable you to spend time doing what you do best–running your company.
1. Succession Planning
If you own a family business and are planning for retirement, you’ve got some critical questions to answer like…
“What happens to the business when I’m no longer running it?” and
“Will I have enough money to retire?”
The family dynamic complicates the whole transition because of the relationships and emotions involved. Most people are not comfortable discussing topics such as aging, death, and financial affairs.
Comfortable or not, succession planning should be a priority for any family business considering that more than seven out of ten family-owned businesses fail to survive the transition from founder to second generation, typically falling prey either to estate taxes or family discord – or both.
Developing and implementing a well-designed succession plan is essential to the survival of a family business from one generation to the next.
We help you with these key issues –
What we do for you…
Once we understand how you feel about the key issues above, we begin constructing your succession plan focusing on these 5 issues…
I. Business Valuation
II. Business Restructuring
III. Tax Consequences
IV. Retirement Projections
V. Tax Projections
2. Part Time CFO
Growing businesses often reach a point where they need professional financial advice but can’t afford a full-time CFO or controller. If you’re fortunate enough to be in this position, then we have the perfect solution for you. We will assist in outsourcing this integral service to give you a professional financial manager who works with you to help guide your business to success. We will be help to evaluate, place, and support the hired contractor.
The cost of hiring a full-time CFO can range from $60,000 to over $100,000 per year plus bonuses and benefits. Part-Time CFO services provides you with experienced support at a small fraction of that cost.
Here’s what you get with a Part-Time CFO services…
3. Internal Controls
At times you may need a trained outside professional to evaluate your company’s operations to determine if the appropriate controls are in place to ensure proper handling of resources and to protect yourself from employee theft.
We assess your internal control systems to determine the efficiency and effectiveness of your operating procedures. Then we make recommendations that help your company become stronger and more profitable by correcting any inefficient or ineffective operating procedures we find.
What we do for you…
A Strategic Business Plan is much more than a tool to obtain financing. Preparing a strategic plan helps you clarify your company’s direction, ensures your key leaders are all “on the same page”, and keeps both management and staff focused on the tasks at hand.
A Strategic Plan is often needed when…
The Strategic Plan provides a blueprint, describing your company, its products, the competitive environment, management team, financial health, and business risks.
The plan allows you to…
Remember: Failing to plan is planning to fail.