Profitability Consulting & Bookkeeping
Our Services
Profitability Consulting
We combine your knowledge of how your business works with our knowledge of good financial systems to make you more money. Together we’ll make a plan to ensure every dollar you make is used for the greater good of your company. We love problem solving and we bring our experience across industries to customize profit solutions for your business.
Employee Retention Credit (ERC) Advising
The ERC is a less advertised series of cash disbursements being issued by the IRS to help business owners keep employees on their payroll. Business owners can get back up to $5,000 per employee in 2020 and up to $7,000 per employee for each quarter of 2021. That means if you’re an employer with 10 employees who qualifies during 2 quarters, you can get back up to $140,000! Many small businesses qualify and we’ve already helped multiple business owners claim between $15,000 and $350,000 dollars back from this process.
Bookkeeping
We offer full-service bookkeeping. We manage your bills, payments, collection, monthly reconciliations, sales tax calculations, and reports. We’re also certified with bill.com. Our goal is to help you automate your systems so that you can get paid more quickly and spend less time managing receipts. We’ll work together to make your business run smoothly.
Strategic Financial Controller
We act as the overseer of your company’s financial health by taking ownership of the financial reporting process. As Controller, we’ll not only oversee your accounting activities but we help you make strategic decisions based on financial forecasting while creating budgets based on accounting data. The bottom line, a Controller cuts costs, manages finances, and improves inefficiencies for the maximum growth and profit of your business.
Mergers and Acquisition Advising
As your M&A Advisor, we’ll provide guidance on how to buy, sell, or restructure your business. Our job is to calculate an accurate valuation for your company to achieve the best possible outcome in terms of price. We excel in making sure your business is as profitable as possible prior to it going on the market.
Payroll Payoff
We worked with a restaurant client who was spending 50% of their gross revenue on payroll. We compared numbers in the industry and found they were spending far more than the industry average on payroll. We met with the owners, managers, and staff. Together, we developed a simple scheduling system to monitor hours against daily sales which cut the payroll costs by 10%. We are pretty proud to say that we saved them around $300,000.