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SIX QUESTIONS
THAT AN EXPERIENCED ACCOUNTANT CAN ANSWER FOR YOU:
How much money did I make?
With our personalized services, having a profit and loss statement completed on a recurring basis will give both the owner and us financial data that shows the status (profit or loss) of a business at any point of the year.
Note: You cannot anticipate what your tax liabilities are without a P & L statement.
Where did it go?
Within the profit and loss statement is a recap off all your expenses by category. We can show you where your money is being spent throughout the year and explain where your strengths and weaknesses are.
How much money should I have made?
We would compare the projected figures for the year against what actually occurred.
Why didn’t I make it?
If a client desired, we would help determine the reasons as to why your business year worked out the way it did.
Am I getting all my legal tax deductions?
By acting as a part time financial controller, we can communicate tax saving ideas before the business year is over. If you wait until after the year is over and give your accountant the information, it is too late. Action is required before the year-end on an owner operated business per the IRS. With our dedication, and personal service, we make sure that we get what we need prepared ~ when you need it.
How am I doing compared to my business plan?
The preparation of a business plan provides many benefits to any owner who participates in the exercise of completing a plan. Creating a plan forces you to focus your attention on the numerous facets of business ownership. We recommend creating a business plan to all our customers, and with our personal service, we can help you create a realistic plan and keep you on track throughout they year.
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