Our initial action is focused on establishing a solid set of books and records using Xero accounting software. We will link your banking information to the software so that we will have bank feeds sending the initial transaction information to us. We will also help you get setup to view or enter information in the software and show you how to use our online tools to access reports and information.
These items then allow us to focus on the analytical tasks that help save you money and grow your studio.
Because we work with many studios across the country, we have a specialized database of key performance indicators that we use to help our client’s pinpoint issues and strengths. Our KPI monitoring system allows us tremendous advantages over using your hometown CPA. You’ll see how you compare to industry standards as well as how you stack up against other studio’s across the country.
Our clients tell us this is our most valuable meeting of the whole year! In preparation for this session, we will have you update some survey information about your studio as well as update your goals statements if anything has changed. Our meeting is a live video conference so we can review information together. Here are the general topics that we will cover:
We’ll show you how much you will save by implementing our strategies as well as how much you have saved over the lifetime of our relationship.
In October and November, we revisit the tax projection and plans to update with actual data to more closely project income and verify implementation schedules that we set up in the Mid-Year Review.
In January, the focus is on completing compliance tasks like payroll and 1099 reporting. Your focus will be on assembling the tax documents you receive and submitting them to us with tax preparation information. Once the tax forms are finalized by the IRS and the states, we finalize your business and individual tax returns so that they can be completed in February and March.
As you can see, we’ve got you covered. In between all of these routine tasks, we are going to be there to help you answer questions that arise and help you interpret information to make great management decisions. We’ll partner with you to help you succeed!