As your company grows, management's need for information increases dramatically. Growth in volume, headcount, geography, and product diversity means that you can't touch every single transaction. This creates the need for a systematic process to get information into the hands of decision makers now, not tomorrow or next week - this is the real goal of financial reporting.
Will there be enough cash flow to afford that new purchase? Are sales where you expected them to be? And what does it mean if they aren't? How productive are you being? Where is the waste and how can you bring more money to the bottom line? We can help you establish your financial records as a source for the vital information you need, then set goals for your business, track your performance against these goals, and change course if they aren't being met.
Choosing the right financing for your business involves a variety of factors.
You owe it to yourself to consider these tax strategies.
If your business is co-owned, an effective buy-sell agreement is necessary.
The concept of "reasonable compensation" has never been clearly defined.
The lessons learned from others' exit strategy plans are invaluable.