Services
Business Planning and Monitoring
Our family office serves at least one generation of business owners, who rely heavily that their business ventures will provide the necessary compensation, retirement and other benefits, and equity to secure their lifestyle, retirement, eldercare and legacies according to the wishes in their comprehensive financial plan. A business will have an ever changing plan and that plan should be monitored when necessary adjustments are required.
More Than Bookkeeping and Tax Preparation
For the business to meet these goals, careful attention to the use of financial resources, the impact of projected taxes, assessing risk, evaluating transactions before consummation and comparing results to goals is vital. This is called monitoring. Some believe a CPA is no more than a glorified and casual bookkeeper / tax preparer. We are not your usual and casual CPA. We not only provide complete outsourcing services, but monthly financial statements, tax projections and planning recommendations, and our CFO memorandum. We also meet with you quarterly to review all the results of our recommendations for the business plan.
Your Chief Financial Officer (CFO)
Remember our presentation on the functions of CFO's? We have designed our services so that we act as your CFO, but at a fraction of the cost. Because we serve numerous families, we can spread cost and still meet our firm's financial continuity requirements. We coordinate the accounting, tax and administration of your business with other professionals that comprise your risk management team.
Fees
As we mentioned before, we seek only families serious about their financial future. If you have a business, we will require that we perform our business planning and monitoring services. We can only deliver results when we have the ability to deliver advice on transactions before the fact, and not after.
The fee for the service begins at $3,000 per month, per business entity [with some adjustments for increased transactional volume]. Since a tax return is based from accurate books and tax planning, and since we perform these functions, there is no fee for the preparation of the return and free IRS representation should an examination ever be scheduled.
Cost vs. Benefits
Try locating and hiring an office manager, payroll and benefits administrator, bookkeeper and a CFO. You will find the costs of wages and benefits beyond your means. Now add in all the other related overhead of hiring and retaining employees for the functions we will provide and you will soon see the advantages of our program. Then add in the accountability by outsourcing risk. Request trial access to our "Client Reference Center" to review the detail behind this program and the 40 factors of business planning.
