Business Financial Planning

When you're a new, small company, just keeping your business running day to day and dealing with the myriad details that are involved takes up all of your time. We have a full slate of services that can help with your general accounting and bookkeeping issues, and more specifically, with QuickBooks support and training.

But as your company evolves, you're going to need more assistance with the financial elements of your business. That's exciting, since it's a sign of success and growth. It's also a challenge. We can help with the issues that arise when an organization is on an upward path.

For example, cash flow management. It's not enough anymore to just breathe a sigh of relief at the end of the month when all of the bills have been paid. You have to be planning and projecting constantly so that you'll continue to have money to meet payroll, invest in inventory, move into those new headquarters and accomplish whatever else is in your future.

Poor cash flow can destroy your business, but we can help you prevent that. We'll build projections that will tell you how the money will continue to flow into the right places, exactly when you need it. You'll learn from us what financial institutions can best meet your needs for additional funds by developing effective loan proposals, complex financial documents written from the lender's perspective that will prove your credit-worthiness. And we'll help ensure that your relationships with bankers and vendors remain in excellent shape.

Because we get to know your business so well, we can calculate an honest, accurate business valuation based on judgment, experience and relevant information. There are numerous circumstances that might make this necessary, including:

1.     Pending offers to purchase your company
2.     Bank financing
3.     Litigation or binding arbitration
4.     Bankruptcy
5.     Financial restructuring and recapitalization

Our knowledge of your financials, products and services, people and goals also puts us in a good position to help you devise a Strategic Business Plan that helps you clarify your company's direction. You will need this critical document when, for example, you're introducing (or planning to purchase) a new venture, product or service, or simply expanding your existing offerings. It also needs to be in place if your business begins to decline.

Have you considered what will happen when you retire? Will you have enough financial resources in place to do so? Family businesses need succession planning to help ease this crucial transition. You'll need to decide whether the company will stay in the family, and if so, who will manage it. We'll help you minimize the tax burden that often accompanies such a transfer of power, and we'll talk all family members through the process to prevent conflict.

The experienced financial professionals at Bottom Line Tax Services are also well-versed in the needs of a newly-forming business. We can help you every step of the way during your new business formation, from creating a business plan to identifying your needs for start-up capital to helping you obtain those funds. We'll see that you get started with a firm grasp of your company's foundation, taking on tasks like creating a tax-efficient business structure; establishing a budget and all of the necessary accounting procedures; and tying up loose ends like insurance, licenses and permits.

Throughout all of this, we'll keep a constant eye on your internal controls, putting procedures in place that will protect your company's physical property and valuable computer data. We'll train employees in the proper work procedures so that your operations are carried out consistently, accurately and in line with your goals.

Our experience in dealing with new and established businesses puts us in a unique position to see you through virtually every financial issue you'll encounter. Contact us to set up a free consultation, and let us help you build the business that you'd envisioned.

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