Navigating yourself through the financial forest can be a daunting task. With an experienced guide at your side, you will keep moving forward and chart the best financial path.
Since the typical business client has a small accounting staff, or none at all, it is common for the proprietor to become entrenched in day-to-day operations and lack the time to take a high-level view of the business strategy and future planning.
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With S&Co involved in daily financial matters, we keep the business and its owners focused on long-term goals.
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Generally speaking, there are three phases to CFO On-Call services: Initial Review, On-Going Support and Long-Term Planning.
INITIAL REVIEW
S&Co performs an initial review of every new business client. One of the goals from this initial review is to ensure that accounting systems and procedures are in place to ensure accurate and timely financial reports and tax returns. The initial assessment includes:
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A Review of Current Operations,
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Understanding and Evaluating the Cash Flows of the Business,
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Accounting Clean-up, and
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Recommendations for improvement.
ON-GOING SUPPORT
As your business progresses, questions arise, the regulatory environment changes and new opportunities are discovered. S&Co is there to answer your questions, enabling you to navigate a path to a better bottom line. Some routine questions;
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What type of legal entity is best for my business?
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What transaction is subject to sales tax?
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How do I record this transaction in QuickBooks?
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Do I need to issue a Form 1099?
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What is the best available financing?
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Should I buy or lease my car?
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How is the new tax law going to impact me?
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How can I minimize my income tax liability?
LONG-TERM PLANNING
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Succession and Exit Planning
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Periodic Valuations of Your Business
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Structuring Compensation Plans
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Managing Banking Relationships
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Merger, acquisition, and divestiture support.
Click here for a client experience on how we helped their Bottom Line with Outsourced services.