Financial Strategy & Planning
✅ Business Financial Health Assessment – Conduct a deep dive into your financials, identifying strengths, weaknesses, and areas for improvement.
✅ Budgeting & Forecasting – Develop annual budgets and rolling forecasts to anticipate financial needs.
✅ Profitability Analysis & Margin Improvement – Identify ways to improve profitability through cost control and pricing strategy adjustments.
✅ Scenario Planning & Financial Modeling – Run “what-if” analyses for various business decisions, such as expanding services or hiring employees.
Cash Flow Management & Working Capital Optimization
✅ Cash Flow Planning & Projections – Ensure you have enough funds to cover operations, payroll, and growth opportunities.
✅ Receivables & Payables Optimization – Improve invoicing, payment collection, and vendor payments to maintain healthy cash flow.
✅ Financing & Debt Management – Assist in securing business loans, lines of credit, or refinancing to improve financial flexibility.
Cost Efficiency & Expense Optimization
✅ Expense & Vendor Analysis – Review spending patterns and negotiate better pricing on recurring expenses.
✅ Process Automation & IT Solutions – Implement cloud-based accounting, payroll, and expense-tracking systems to streamline operations.
✅ Outsourcing Guidance – Identify tasks (e.g., IT support, customer service, payroll) that could be outsourced for cost efficiency.
Tax Planning & Compliance
✅ Year-Round Tax Strategy – Provide proactive tax-saving strategies instead of just preparing returns once a year.
✅ Business Structure Optimization – Evaluate whether an LLC, S-Corp, or another structure minimizes your tax liability.
✅ Pass-Through Entity Tax (PTET) Optimization – Help microbusinesses take advantage of state-level tax benefits like the NY PTET program.
✅ Payroll Tax Optimization – Structure owner compensation (salary vs. distributions) to maximize tax efficiency.
✅ Tax Credit Utilization – Identify and apply for state and federal tax credits, including R&D, small business, and employee retention credits (ERC).
Profitability & Revenue Growth Strategy
✅ Pricing Strategy Analysis – Ensure your pricing model aligns with profitability goals and market trends.
✅ Product/Service Mix Optimization – Identify which offerings generate the highest profit margins and focus on those.
✅ Sales & Revenue Forecasting – Use data-driven insights to predict revenue trends and improve financial decision-making.
✅ Strategic Growth Planning – Guide business expansion, whether through new locations, hiring, or product development.
Risk Management & Internal Controls
✅ Fraud Prevention & Detection – Implement controls to prevent employee or vendor fraud.
✅ Financial Policy Development – Create internal financial policies for expense approvals, vendor payments, and reimbursements.
✅ Legal & Compliance Support – Ensure compliance with federal, state, and local financial regulations.
Retirement & Exit Strategy Planning
✅ Fraud Prevention & Detection – Implement controls to prevent employee or vendor fraud.
✅ Financial Policy Development – Create internal financial policies for expense approvals, vendor payments, and reimbursements.
✅ Legal & Compliance Support – Ensure compliance with federal, state, and local financial regulations.
Payroll & Employee Benefits Optimization
✅ Payroll Cost Optimization – Advise on optimal salaries and bonuses for tax efficiency.
✅ Employee Benefits Strategy – Review health insurance, 401(k) plans, and other benefits to balance cost and employee satisfaction.
✅ 1099 vs. W-2 Employee Classification Guidance – Ensure compliance with IRS and labor laws while minimizing payroll tax burdens.
KPI Monitoring & Financial Reporting
✅ Monthly Financial Statement Reviews – Provide simple, actionable reports to help business owners understand their finances.
✅ Key Performance Indicator (KPI) Tracking – Develop custom dashboards to monitor revenue, expenses, profit margins, and growth trends.
✅ Profit & Loss Analysis by Service or Product Line – Determine which areas of the business are most and least profitable.
Funding & Investor Support
✅ Financial Reporting for Lenders & Investors – Prepare financials for bank loan applications or investor funding pitches.
✅ Business Valuation Support – Help determine the value of the business for financing, sales, or succession planning.