Your role as CEO of your business, is to develop and implement a strategic operating plan. ABS will advise you on the financial outcomes associated with your plan, making sure you have positive growth and pay the least amount in taxes. We will work with you monthly, (or as needed), monitoring and modifying the plan to help you stay on target.
This is one of the most important tasks that most small business owners overlook and neglect.
At Accounting & Business Strategies we perform a variety of accounting services for our clients. Working closely with your company helps us obtain in-depth knowledge of your business. This knowledge along with seasoned advice will help you make smart financial decisions, winning business strategies, and help you pay less on your taxes.
Our role as CFO/Advisor is to make sure your business is in good financial health. This is not just about being profitable, it's also about having enough cash to pay your bills when they're due and having the financial resources to grow as fast as you can. Most small businesses do not pay enough attention to this critical function and that's why many fail.
Are you clear about your businesses objectives, and goals? Do you want to succeed in today's competitive market? Do you have a strategic plan?
There are two types of business plans, working and formal. Every business needs at least one.
Do you understand what your Profit & Loss Statement and Balance Sheet are telling you? Is there enough cash coming in to cover the cash going out?
Accounting is more about measuring than it is about counting, and if you own a business you should have a general understanding of your financial reports.
Our bookkeeping service will provide accurate and important information. Our accounting service will provide an understanding about your income statement, balance sheet, and statement of cash flow.
It is our promise that we will explain each statement in the simplest way possible.
Are you a forward-thinking professional? Do you know what is going to happen in the future?
Honestly, most small business owners never think about forecasting and budgets. Well, if you want that vacation home, or you want to send your two children to a great college, you better start thinking about them.
Do you need them all? Probably not. ABS focuses on the following:
Budgets - Your realistic estimate
Forecasting - Your future
Sales Plans & Marketing Plans
ABS provides sales and marketing plans that are very powerful. Both plans are living documents, and need to be not only easy to read, but both must be as fluid as possible.
To accomplish this, it is ABS' job to not only understand our clients and their needs, but to also understand their competition. Many business owners are positive they know both, but you would be surprised how many times they are wrong. Using market research and marketing analysis ABS will provide valuable insights that will create an effective sales and/or marketing plan.
There is agreement among practitioners, consultants, and scholars that there is not one simple or single best approach to business strategy. ABS believes the best strategy is one that is custom designed for your business. Decision making is what business strategy is all about. The question is will you make the right decision?
Diversification for Multiple Streams of Income
Corporate or product diversification is a powerful strategic decision. It protects you from being overly dependent on one source of income, also, it is one of the best tax strategies out there.
Related diversification is a process that takes place when a business expands its activities into product lines or services that are similar to those it currently offers. The existing business and the new business share strategic assets or resources, such as distribution channels or technology to mention a few.
Unrelated diversification is in a different industry and operates independently.
So, I suggest keeping things simple. Start with a realistic sense of how much risk you can handle.
Now, more than ever, effective planning is crucial if one is to achieve certain financial goals and realize tax savings. Now is the time to start making the changes that will help you pay less in taxes.
3675 Crestwood Parkway
Duluth, GA 30096
157 Commercial Court, Ste. B
Rincon, GA 31326