How to Business Partner with Your Financial Adviser

How to Business Partner with Your Financial Adviser 

Finding a CPA who will become your business partner is an integral component of seeking to take your business to the next level. If your business has just reached or about to reach the million dollar mark in gross revenue or sales, you need to go out and find a CPA whose experience and wisdom match that of your needs. Left to our own understanding we are most apt to fail. Although I would never tell a client how to "do their business," adding financial and operational perspective from someone who "has been there and done that" will do much to lighten you load while assisting in making strategic operational decisions ranging from:

-Buying or Selling a Business. Though you cannot change the facts you can we well informed about the tax implications of selling a business and how best to be prepared for the tax consequences of selling your business. These issues are presented in a checklist for you review and to make you aware of many of the options and different tax treatments to which they are afforded. As your facts may dramatically vary it is most advantageous to consider all of these variables and to consult with a tax professional well before the transaction is finalized to ensure that any documents you agree and sign to fairly and adequately protect your interests as well as your tax positions. http://www.hiscpa.com/business-tax.html

-Assisting with Exponential Growth/Going Through to the Next Level. Knowing when to say when, is essential in all areas of life; but perhaps no more than for the President of a rapidly growing entrepreneurial firm. Having done the hard part, you have worked around the clock for years on end. You have finely tuned your business model, retained the right management team, and perfected your business product, clearly distinguishing yourself in the marketplace. Your company's sales volume is doubling every year and growing exponentially beyond even your wildest dreams. Your vision has come true, so why are the wheels falling off? Why are profits falling, work-flow, and product quality suffering? Where did our profits and cash flow go? http://www.hiscpa.com/business_plans.htm

A part-time Chief Financial Officer/Controller. Financial statements are often misused and abused. They are often ornately presented with accountant's opinions ranging from audits to compilations. Often we even find a statement of cash flows and financial footnotes. What do these statements tell us? Numbers and data when prettily presented often are an accountant's representation of the financial status of an entity. Financial statements without narratives, analysis of trends, and a review of expenditures are nothing more than formal proof that the bank account has been reconciled and that everything balances. Data without thorough critique is useless.
-Entity Selection. When looking at what type of entity your business should be, we strive to balance the legal protection issues vs. the tax savings. Over the years, we have developed the mindset that there is no perfect election but there are ones that are better than others. http://www.hiscpa.com/article2.html

-Quality Internal and Financial Reporting. Having Quality Financial Reporting. All successful business owners either initially or over time become extremely proficient in their field of choice for it is by this growth of knowledge and wisdom which affords them the insight to make prudent decisions. Each and every hour of a business owner's day, there are a series of insignificant and important thoughts and directions that directly impact the profitability of a business. Continually you are faced with making a positive impact towards bringing your business closer or further away from your goal. A company's financial statement is the measuring stick by which you are able to gauge a company's progress along the business continuum and are able to accurately measure the distance between where you are and where you want to be. http://www.hiscpa.com/marketing-efforts.html

What Our Clients Have to Say...

Lumina
Duluth, GA

John C. Dillard, CPA

Dear John:
You have greatly assisted me in avoiding several issues which I feel I owe a great deal of gratitude to you. You have helped me with:
-Mitigating a $40,000 shareholder dispute potentially saving me thousands.
-Getting me a $20,000 refund on my personal taxes that I did not expect.
- Evaluating a $8,000 potential refund on my taxes. -Assisted with the legal positioning with the IRS allowing two of my old corporations to remain C corporations, thus saving me $80,000
TOTAL $148,000

Your work on my tax issues has saved me money, made me money and allowed me to focus on the everyday of running my business.

You aren't just a CPA, you're a "business partner" with your clients

I appreciate your help.

Sincerely,
Robert C.

John Dillard is a Christian Speaker/Author and Certified Public Accountant (All Rights Reserved). To See how he takes Christ along with him to work visit http://www.hiscpa.com/  (An Atlanta CPA firm) and for his latest book Overcoming Life's 9/11's: Job's Journey and to learn about his ministry visit http://www.john-dillard.com/