Budgeting and Forecasting

The value of a confirmed budget and established forecasting practices guide businesses in the road to success. Let us work with you on procedures that will help your business adjust to economic and business changes. We work with clients to build effective budget and forecasting models against which actual results are measured and provides relevant information and insight to adjust operations to changes in their businesses in real-time.


Financing and Capital Needs

Management is often faced with the questions of how much funding does my business need, what sources of funding are available to my business, what type of funding is right for my situation and how much will it cost. The answers to these questions are not yes or no or black and white. Capital funding may seem inexpensive as there may be no current interest cost, but sharing the future value of the business may be extremely costly.

Your business may not be eligible for conventional bank lending if it is an emerging business or has hit some bumps in the road, so you may need to consider alternative funding sources. We have significant experience in helping our clients identify and consider their funding and financing options and may have contacts and connections in the business community to introduce to you.

Reporting and Analytics

Developing the optimum management reports is key to a successful business. Our services include designing useful individualized management reports. These services include:

  • Identifying Key Performance Indicators (“KPI’s”)
  • Cash Flow Analysis
  • Benchmarking Against Key Industry Data and Peer Group Metrics
  • Weekly, Monthly and Quarterly Sales and Margins, Operating results
  • Developing Effective Dashboards – so management has relevant and timely information to maximize profitability and to make the best decisions

Accounting Research and Implementation

We have an extensive electronic research library that provides us access to all the accounting pronouncements, including industry specific data. Our CPAs provide you with the alternatives and guidance to solve your financial reporting issues and questions. Our experience has demonstrated that there is not always a clear answer under generally accepted accounting principles. Some common areas where we have helped clients include revenue recognition, stock based compensation, goodwill, long lived asset impairments, and accounting for business combinations. We will help you comply with new accounting pronouncements and develop implementation plans.

Outsourced Tax Accounting

Accounting rules for income taxes are quite complex, especially for businesses that have grown through acquisition or have international components. Many mid-sized to even very large companies do not have the internal resources to properly account for income taxes and provide the appropriate footnote disclosures. We provide a cost effective solutions to account for this complex area without impairing your audit firm’s independence, resulting in material weakness or significant deficiency in internal control because your company does not account for income taxes properly.

Our services in this area can be in the form of consulting to develop a process for internal accountants to follow or a complete turn-key solution where we provide ongoing accounting for income tax and coordinate with your auditors and tax preparers. As part of this process we are continuously looking for potential tax benefits for your company.

Audit Facilitation

We provide services to help companies prepare for independent audits of their financial statements. These services assist internal accountants in adjusting and closing the year-end books, preparing schedules and analyzing requested by the auditors, drafting financial statements and footnotes in accordance with the ever changing accounting rules and participate in direct communication and support with the auditors.

The benefit of these services provides cost savings by retaining high-level support to augment internal capacity on an as-needed basis. This will create efficiency in the audit process allowing the auditors to do their work more efficiently, thus saving audit fees, freeing up internal staff and management time and improving overall audit outcome.

Succession Planning

Many business owners either neglect or find it difficult to create an ownership or management succession plan. The challenges of running a business are often prioritized over long-term planning. A personal estate plan is not a substitute for a business succession plan. We help business owners plan for a successful transition of ownership and management. Whether there is a plan to sell a business or hand the reins to a trusted employee or family member, providing independent guidance to the plan will help complete and formalize the transition plan.