When you think of your accountant, do you put them in the same category as your dentist: once a year and its always painful? When you deal with Accent it should not be either of those things. Did you know that we provide other services such as interim financial reviews, tax planning and projection of taxes owing and many other management and advisory services?
Having frequent meetings with your accountant during the year allows you as a business owner to stay on top of your business growth, goals, and finances. We provide a variety of services to support business owners beyond preparing income taxes at the end of the year.
Interim Financial Review
With interim financial reviews, we meet through the year (usually quarterly) to review your interim financials. At this meeting we would discuss your operations, compare to prior periods/years and discuss growth plans going forward.
Keeping up to date with your financials, comparing to prior years and to budgets will help you better manage your operations and your bank account. Bookkeeping not quite up to date? That’s okay because we can help with that too!
Bookkeeping Services
Our team of bookkeepers are ready to help you with a tailored approach to your bookkeeping. We can support you with monthly data entry, or simply quarterly reconciling and filing of tax remittances. At Accent you get to take on as much or as little of the bookkeeping process that suits your preference, schedule and budget!
Financial Budget Preparation
We can support you by creating a budget for your business. We can help you create cash flow and profit-oriented budgets to help you keep track of spending. Budgets are a great way to keep spending on track when you are trying to pay off debts but also a great tool to help grow your business. For example, if you budget to spend advertising dollars in certain places to promote business growth, a budget will help you stay on track and can act as a reminder to spend the funds!
Tax Planning
Surprise flowers are great. Surprise tax bills are not. It is a great idea to plan ahead to ensure you have some funds tucked aside for that dreaded tax bill at year end. With some simple (or complex) tax planning, we can provide you an estimate of how much taxes you will have to pay at the end of the year and provide suggestions to reduce taxes owing.
Other Strategic Planning
Just like other business owners, you likely encounter business obstacles that seem difficult to overcome. We can help with many common business struggles such as:
- Business plan development and support for future plans of your business
- Accounts receivable procedures to support faster collection of receivables
- Cash flow projections and analysis to help with cash flow management
- Develop key performance indicators to help evaluate the success of your business and goals
- Purchase, sale, and mergers of business – we support by reviewing purchase offers and working with your lawyer to review the fine details
- Estate planning to help you be in the most tax advantageous position in the case of death
And much more! Accent can help with a wide range of advice, policies, and procedures. Just let us know your struggles and will do our best to help!
Working with your accountant should be more than just an annual visit. For trusted advice and personal service, reach out to our office if you would like to learn more about our advisory services.