A close working relationship, one that shows understanding and respect for the needs of the client, is the hallmark of our firm.
When engaged as your accountants, we normally submit our proposed timetable for performing fieldwork and related matters. We will schedule our time to create minimal disruption in your day-to-day operations and ensure a smooth transition.
We encourage contact with our clients on a regular basis. In this way, should a minor problem arise, we can help you prevent it from developing into a major problem.
We strive to know everything we can about the financial and business background and goals of our clients. This in-depth understanding, coupled with frequent communication, will allow us to assist you in meeting your financial goals.
Our accounting and financial analysis services include preparation of periodic (annual and interim) compilation and review of financial statements. We review and analyze these statements with management to evaluate the company's operating performance and business trend.
Such financial analysis is an integral component of our services. The comparison of basic financial statements with forecasts and projections is an important gauge in measuring current trends. Knowing that the past is prologue to the future, we also know that by reviewing the balance sheet, the results of operations, and the cash flows statement, management will have the accurate and timely financial data vital for its decision-making process.
All too often, the issuance of financial statements marks the end of a CPA's commitment to a client. We strongly feel that what occurs after the completion of the financial statements is equally as important. To that end, we provide assistance for management to fully understand the implications of the financial statements taken as a whole. A fresh perspective on key strategies will allow a company to succeed down the road to success. We want to help you turn your problems into opportunities that you can use to your best advantage.
Accurate information is a critical weapon in today's competitive battles. Without it, you're risking profitability and long-term growth. With it, you can compete with confidence. Accurate information usually doesn't require a large, expensive computer system. The key information you need for daily business decisions is often available more quickly and more efficiently through other simple, streamlined processes.
Our management information analysis is a focused look at your current reporting systems and procedures. How you measure performance against goals. How you use information and communicate with each other. What information you need to make better decisions, new and in the long run.
Are you pushing the limits of your credit or having trouble meeting your obligations to vendors? How are you going to pay for that new equipment... or the development of that much-needed new product? You may be able to increase your cash flow and ease your capital pressures by finding a new or better source of financing. A financial structure that meets your Company's needs can make the difference between growth and stagnation. We can help determine what financing strategy is right for your Company.
Many good ideas die young because executives lack the experience or expertise to develop the right business plan... one that clearly communicates how the idea can succeed and is focused on getting the right amount of capital for immediate and long-term objectives. As part of your planning team, we can provide objective input on the quality, clarity, reasonableness and thoroughness of your business plan. Active management involvement is essential to reflect your insight and concept of the business in every aspect of the plan development. A comprehensive, on-target business plan includes vital information about your:
Can you afford to buy that new machine? Do you need financing... and can you pay for it? How will increased sales of a particular product affect your profitability? While your budget should track cash flow, it should also do a lot more... like setting benchmarks for monitoring the results of management decisions.... or assigning responsibilities for cost and operational control or helping you react to unanticipated events to your best advantage.
With the right budget, you will know if and when you'll have the cash on hand to meet your needs; identify business problems and react to changes on a timely basis; get information you need to make better investment and financing decisions and evaluate the performance of critical components in your Company! We can help you develop a budget that is responsive to your management needs.
Overhead can often put a squeeze on your profits. You can improve your cash flow and increase your profitability by identifying costs that do not add value to your product. For today's manufacturing, less material handling and piece counting means more efficiency, more effectiveness and more productivity. Our "cost reduction and monitoring review" process evaluates your operations (e.g. purchasing and inventory management; work scheduling and performance and cost reporting system).
For many enterprising businesses, planning simply isn't being done or it isn't being done right and timely. Strategic planning can make the difference between seat-of-the-pants survival and competitive dominance. A thorough plan pulls together the best thinking possible about the factors that will make your Company a success and the actions that you need to take to make those factors a reality.
Through strategic planning, you'll be able to use your resources better for your business's advantage... target your markets to increase your sales... identify new opportunities for your products... analyze whether your Company's operations contribute to a successful bottom line... and set an aggressive but practical direction for your Company. The purpose of our strategic planning assistance is to help you define your Company's objectives... and then help you decide the action that will make objectives a reality.
Can you accurately track the flow of inventory through your plant or warehouse... or are you surprised by major book-to-physical adjustments? The solution to these problems is to establish inventory control procedures that help you get and keep accurate and timely information about your inventory procedures that can drastically improve your cash flow, profitability and responsiveness. We can help you get control back into your inventory accounting!
Have you ever thought to streamline and simplify your Company's office procedures to minimize paperwork, processing time and administrative costs? Are your administrative functions delaying production or delivery of products and services? Our approach to reviewing office productivity applies the simplification principles developed as part of our just-in-time manufacturing practices to the office environment.
The main focus is the elimination of wasted time and money in the management and performance of administrative tasks. By providing our expertise in this way, we can assist management in meeting its objectives and goals, and developing alternative plans should problems arise.
We provide competent and timely services needed to keep our clients in compliance with all tax regulations. We keep abreast of the latest tax developments so that we can help minimize the overall tax burden. As needed, we will render advice regarding the tax consequences of alternative business choices. Should the need ever arise, we are prepared to represent you before the Internal Revenue Service and local tax agencies.
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