Other Business Services

Setup of Tax-Exempt Entities & Nonprofits

We work with a variety of non-profit organizations, including churches and private foundations.

From initial paperwork, including 501(c)(3) forms, to yearly Form 990 preparation, we’ll be happy to talk you through best practices and handle the grunt work. The correct classification and submission of your forms will help you secure (or protect) your tax-exempt status and take advantage of all available benefits.

In order to help your non-profit build an effective accounting system, we will do the following:


  • Put together initial start-up documentation including applications for tax-exempt status, obtaining your federal employee identification number (FEIN), setup of your chart of accounts and accounting systems, and payroll setup with federal and state agencies.
  • Design, install, and maintain accounting systems.
  • Manage weekly, bi-weekly, or monthly payroll preparation.
  • Control payroll tax preparation and deposits.
  • Provide training for in-house accounting personnel.
Complete and file financial statements
  • Offer training for board members on non-profit financial statement usage and effective budgeting practices.
  • Prepare and file 990 and 990-T tax forms.

New Businesses Setup

Starting your own business is both exciting and challenging. With that said, we’d love to put our accounting expertise to work for you. We can help you avoid common pitfalls associated with forming an entity and ensure that you get started on the right foot, tax wise.

Here are the specific ways that we help new companies:

  • Prepare a plan to articulate goals of management/ownership
  • Determine start-up capital needs.
  • Help identify sources of start-up capital and backup sources (if needed).
  • Evaluate and quantify borrowing power to determine access to capital.
  • Select the correct business structure by weighing tax advantages, legal exposure, ease of operation, and potential portability.
  • Choose the right accounting software to align with budget, needs, and hardware.
  • Assist with budgeting for accurate planning for operating needs
  • Establish billing and collection procedures to maximize cash flow and manage costs.
  • Prepare and submit important licenses, permits, and applications for Federal Employer Identification Number (FEIN).
  • Process payroll and prepare payroll tax filings
  • Identify business insurance needs.
No matter what your accounting needs are,
we’d be delighted to serve you.

Succession Planning

We probably don’t have to tell you that transitioning a family business requires careful planning and strategic decisions.

Owners looking to pass the baton need to do more than exit gracefully and establish new leadership. You must also look after your own financial security and retirement while navigating potentially delicate family dynamics.

70% of family-owned businesses fail or are sold before the second generation takes over. So if you need succession planning, you’re already doing better than most. We’d like to help you avoid the traps that hurt family-operated businesses in several key ways:

  • Future Leadership: Should you keep it in the family or sell to a third party? We can help you weigh the advantages and disadvantages of both options.
  • Management and Ownership: These are not the same thing. When the founding generation transitions out, who will own the equity and assets? And who will lead and operate the company? If you are passing it on to multiple children, how will these shares be allocated based on current and future involvement?
  • Tax Issues: Because family businesses are often not liquid assets, tax planning after ownership transfer can be complex. The tax burden is often significant and due at the time of transfer.
  • Fairness: An expert third party is often the best intermediary to broach sensitive topics around family business transition. We work with all individuals to ensure fair and equitable division of business shares.
  • Succession plan development: Once we have a firm grasp of business and family dynamics, we can create a plan that focuses acutely on business valuation, business restructuring, tax consequences, retirement projections, and tax projections.

Strategic Business Planning

Strategic plans are more than just vehicles to obtain outside financing. They help define the direction of your business and ensure that key leaders have a unified vision.

Such plans are of particular importance when you face the following prospects:

  • Starting a new venture or launching a new product or service
  • Expanding a current organization, product line, or service
  • Buying a business
  • Reviving a dying business
Strategic Plans provide a blueprint of your business that outlines the mission and related products. They articulate a business’s place in the competitive marketplace and define the management team, financial health, and business risks.

Your plan should include the following dimensions:

  • Identify and describe the target customer.
  • Describe features, advantages, and benefits of the new venture, product, or service.
  • Justify the credibility of your plan with supplemental research.
  • Include marketing plans and outline targeted promotional campaigns.
  • Develop staffing plans and ideal descriptions for key players.
  • Describe management and financial goals, including timelines and projections as well as implementation deadlines.
  • Identify building and equipment needs, including vendors and cost estimates.

Bank Financing

In simplest terms, businesses need money to function and grow. Banks are often the best source of capital, but unless you prepare adequately, they will probably deny your application.

We can help prepare a detailed loan proposal that meets your preferred lender’s stringent specifications and concerns. We know what banks like to see, and we can help you build a compelling case—that is, how you plan to pay them back.

Our loan proposals include the following:

  • Executive summary: Statement of purpose of the loan, the exact amount of money needed, and an explanation of how the funds will be used.
  • Pro-forma cash budgets and financial statements: We take your data and underlying assumptions and create informative statements that appeal to bankers.
  • Personal financial statements: As pledged collateral to secure a loan, we include copies of the owner’s previous three years of personal tax returns.
  • Representation: We go with you. We will accompany you to banker meetings to articulate and substantiate your financial position in person.
No matter what your accounting needs are,
we’d be delighted to serve you.

Cash Flow Management

Sustainable businesses bring in more cash than they expend.

Though this may seem obvious, actually achieving sustainability requires strategic organization and planning. Failure to do so can result in a cash crisis that results in the untimely death of your business (not to be morbid).

Our professional cash management services allow you to know when, where, and how your cash needs will occur.

We can help you develop strategies for meeting additional, unexpected demands.

By developing cash flow projections for you and your business, we can also look at your business’s short- and long-term goals. Our team can also analyze historical cash flow statements and give you deeper insight into where and how you have spent money in the past.

In addition to these projections, we can also help you prepare for growth:

  • Help obtain a line of credit that meets your needs.
  • Educate you on cash collection acceleration techniques.
  • Establish effective collection and payment policies.
  • Achieve the maximum rate of return on idle cash.

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