Stage 3: Success
A this stage of business development, a business is doing well – and that is great!
However, unless steps have been taken in the earlier stages of development, underlying problems often exist.
Guidestar Accounting & Business Solutions can uncover these underlying and often unknown problems to increase your profits – by either raising revenue or decreasing unnecessary expenses.
For example:
- a company’s financials may not be accurate
- Guidestar Accounting & Business Solutions can uncover problems - and opportunities - in your business’es financials.
- Would buying office space be more profitable than renting
- and a realistic option?
- Would opening a store front in another part of town be profitable
- and a realistic option?
- Are interior renovations needed?
- We input your company’s financial data into software to:
- accurately determine your Cost of Goods Sold (COG)
- determine potential tax liability
- determine steps to be taken to reduce or eliminate a potential tax liability
- determine the the profit of your business as a percentage of income
- We are knowledgeable of the rules of various regulatory agencies
- Are some Department of Labor regulations being overlooked that could be costly down the road?
- Are IRS regulations being followed
- not adhering to IRS regulations can be very costly!
- Are NC Department of Revenue regulations being followed
- not following NCDOR regulations can also be costly!
- Are NC Employment Security Commission regulations being followed?
- Are NC Insurance Commission regulations being followed?
- We perform an internal (strictly confidential) audit of your company to determine compliance issue.
- Collections
- We can increase your collection rate
- Increases your profits
- Saves your business a lot of money down the road
For a reasonable monthly fee, we can:
• Train your bookkeeper.
• Evaluate your finances regularly.
• Keep your books clean.
• Take care of payroll.
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