How Do I Make Important Business Decisions?

A definition of an auditor is a person who goes in after the war is lost and bayonets the wounded. The consultant on the other hand has nothing to lose if all is lost. The C.P.A. often tries to xplain the conflict in dollars and cents while somehow ignoring the human elements and the potential. Alas, two whom does the business owner turn?

While owners are proficient at their chosen task they often fail at planning, financial and
administrative functions. These functions are not the lifeblood of a business; sales are. However, without these functions, even the best sales organizations will eventually fail. The owner who anticipates the needs of a business will be better suited to handle the emergencies that arise. Accordingly, the owner that handles these other tasks in addition to sales will succeed.

Owners are constantly faced with everyday decisions that affect the short and long term
growth and profitability of their business. Everyday risks occur and have to be immediately addressed and handled. Long term strategic decisions such as opening a new location or getting into a new business need to be carefully reviewed in regards to financial, manpower, and market conditions. These risks should be taken with excess dollars that can be afforded to be lost while the nest egg always has to be protected at all costs.

As a firm grows, the human resource elements test the talents of the owner as well as his staff. Careful review should be accorded every personnel move so that key management positions are stretched, but not beyond their capacities. Owners should know the boundaries of their financial and people resources and forever push them but being careful so as not to break.

In order to survive, owners need to have all the resources personally or immediately
available so that when key decisions need to be made, they can be done quickly and accurately. The owner’s focus should be on anticipating the future and how to get there. This necessitates that financial and marketing data should be recorded in detail monthly and analyzed for trends and future viability. The pulse of the business has to be monitored in order to ensure future viability; ignore it and the patient will die.

Not only should we plan for the current year but we should also be cognizant how our present and current years decisions impact us towards achieving our ultimate goal. Call today and put our experience to work for your long-term benefit.

“Thank you for the financial consulting that you have provided my company. Your initial suggestion and help in obtaining a line of credit for the company will make the balancing act with cash flow much easier. I would also like to thank you for your suggestion and referral to a paycheck company to help us off-load some of the routine business matters that takes time better spent elsewhere.”

--- NameS. Wilson, M.M., Inc.

“Your work on my tax issues has saved me money, made me money, and allowed me to focus on the everyday running of my business. You aren’t just a CPA; you’re a ‘business partner’ with your clients.

--- R. Smith, L, Inc.

“Actually, the Offer in Compromise was only the beginning of a continuing flow of pertinent information and expert advice from you concerning my business and tax affairs. It has helped me tremendously knowing that you understand my financial needs and that you always follow through.”

--- M. Durkee

As Certified Public Accountants, our goal is to provide sound financial, accounting, and tax advice to our clients. For more than 30 years, partners in our firm have worked with companies and individuals in the Atlanta metro and Gwinnett County areas, ranging from startup entrepreneurs to multi-million dollar businesses.

Our success is measured by the success of our clients. We work with each client individually to determine their needs, and develop a plan for successfully running their business, increasing their wealth, and reducing their income taxes.

As Christian Accountants, we believe in integrity and honest dealings with each and every client.

Partners of our firm have helped clients in the following ways:

We assisted one client in converting from a C corporation to an S corporation. The move saved on the client’s taxes by removing the double taxation of the corporation’s income.

We represented another client in making an IRS Offer In Compromise. The client, who was several years behind in his tax payments, was able to save $62,000.

We saved one client $148,000 by resolving a shareholder dispute, finding additional tax deductions in current and prior year tax returns, and representing the client before the Internal Revenue Service in a matter of business entity choice and incorporation status.

We reduced one client’s tax bill by $28,000 by correcting tax filing mistakes caused by their previous accountant and effecting a Chapter S incorporation.

We helped one firm achieve a 40% growth in sales while saving it more than $100,000 in taxes.

We advised one small business owner on estate planning issues that she estimated would save her over $200,000, compared to doing nothing.

We brokered an agreement between the IRS and a small business client that reduced their tax liability by more than $18,000, and allowed them to register their business as an S corporation, even though the normal entity choice deadline had passed.

We resolved an individual’s income tax problem in nine months, after he had worked with another CPA for more than two years trying to settle the issue.

We gave financial planning advice to one corporate client, and helped them obtain a line of credit with a local bank that resolved a major cash flow problem.

Our results can be measured in another way. Our representation of the clients listed above resulted in $17.49 in tax benefits for each dollar spent on our fees.

Find out how we might be able to help you reduce your tax exposure and improve your bottom line. Feel free to complete our contact form, or call us at 770-814-9304 to schedule a no-obligation consultation.