Business Advisory Services
OUR BUSINESS IS HELPING OUR CLIENTS ANSWER THOSE BUSINESS NEEDS TO MAINTAIN AND IMPROVE THEIR SUCCESS
The owner of a business usually has the technical skills of the business of which they own; but In order for a business to be successful, the owner must have the knowledge of all the business skills for which he/she is responsible.
WITH ALL OF THIS RESPONSIBILITY.....YOU DESERVE A REASONABLE PROFIT FROM YOUR BUSINESS.
There is no best structure for all businesses--each structure has its strong and weak points. Determining your best type of organization through trial and error can mean undo amounts of 'red tape'...and hefty legal and accounting fees for doing, undoing and redoing.
The form of your business can make a big difference in the profitability.
Establishing the proper business structure is an essential decision; and we can help you, through our knowledge and understanding of the financial and tax implications of this decision.
In order to control your business, it is imperative that you have accurate records prepared on a timely basis, and something to compare them to.
Your records should help you identify "where your business has been and where you are, so that you can make sound decisions about where to go next".
As well, other users-banks, suppliers, employees, government need or require information about your business.
Make sure your financial statements can answer yours and others questions about your business, such as:
Planning is required if you wish your business to grow, at your desired pace. Measurement of the results of your business activities is necessary so that you, the owner, can know how your business will pay for that growth!
We can provide information for your business showing comparisons with your established goal, prior year results, and even with industry comparisons.
All successful business managers must know how to manage money. Just what knowledge is necessary?
Having the proper information is one of the best tools to manage your business effectively. Setting the proper procedures and policies in place provides you, the business owner, with accurate information to manage the business. We offer services to provide the information to your and we work with you to utilize the information to control your business.
Buying inventory isn't and end in itself, but an activity that affects almost every other function of a business.
One of the key skills required is the ability to build and maintain a "profitable" inventory.
Determining the right amount of inventory is just as important as determining the kinds of inventory in making the business' inventory profitable.
Finding , training and motivating the perfect employee is one of the hardest areas for most business owners because it involves the most erratic and valuable resource that a business has--people.
One of the keys to success is to learn to accomplish tasks through the efforts of others. Successful business owners know exactly what type of employee is needed to make the procedures and processes effective, and thus make a business more profitable.
Determining your proper staffing needs and finding the "right" employees is the key to successful personnel management--answering these questions requires the knowledge and experience to measure the exact needs of the business and having some means to evaluate the efforts of the employees once hired.
In conjunction with, and through our affiliations with Human Resource professionals; we can help you determine your employment needs, provide the mechanisms to retain those valuable resources and insure that you fulfill your legal responsibilities to your employees.
Knowledge of your needs and rights concerning insurance, suppliers, customers and employees is important for your business to continue its success. Our understanding of these important issues of your business, and our affiliation with other professionals can help you protect your most valuable assets--your business.
Unless you are extremely fortunate and can operate on a "strictly" cash basis, you will most likely have bad debts. It's vital that you defend yourself against customers who are slow to pay or don't pay, at all.
As you consider the extension of credit to your customers.
We can help you to establish business policies necessary to insure the success of your business.
Knowledge of the costs of doing business and finding ways to keep those costs down can increase your profits significantly.
Our services can help you to evaluate your current financial position and find ways to extend your profits .
The objective of a business is to be profitable. Being profitable means that taxes will be paid. Your real work is how to reduce your tax burden.
Our tax services are not just the preparation of a tax return. We continually, throughout the year, look for, meet and discuss with our clients, present ideas on tax issues, and evaluate ways to reduce the tax burden and improve the profitability of their business.
Copyright © 1987 - 2010 A. Harold Davis, CPA