- July 2014
- Posted By JohnnyG
- 0 Comments
What are business advisory services? These are services that include accountants, tax preparers, investment consultants and others that help businesses do what they need to do to achieve their financial goals. It doesn’t just include these professions either. It also includes consultants and analysts that help promote your business, both off and online. Analysts help you determine what trends are going on in your business, what people are saying about your company, what your competition is going that may be better than you. How can you improve your public relations, and take your business to the next level.
So what are some of the benefits of these advisors? Let’s take it one service at a time. Accountants help you put all of your ducks in a row. They help you figure out where your money is going. They help you set up systems that make your business more streamlined. For an example, if you are doing all your bookkeeping by hand, an accountant can set up a computerized system where all you have to do is input information on your computer. Instead of trying to keep track of files and files of hard copy records, these records are safely stored on your computer, or online in ‘virtual’ storage systems. This way if something happens, you have redundant copies of these files, and you can view whatever you need at a glance.
A tax consultant doesn’t just help you file your tax return at the end of the year. Some consultants work year round to help businesses and corporations with questions about tax law. They can tell you when you need to take a deduction for your equipment and other acquired assets. Let’s say you buy a new computer system, and you want to write it off as a business expense. A tax consultant can help you decide whether or not it’s wise to take the deduction at one time, or to spread it out over several years.
Investment consultants help you decide where your profits are best put. Should you take your profits and put them into a high interest CD? Would a money market account help? Is it wise to invest in the stock market, or go with some safer investment method. Attorneys help make sure you’re conducting business right, and within the law. Consultants go over your business, determining where your money is being spent, where you’re doing good, and where you need to improve.
The problem is that you really need a company that offers all of these services under one roof. This way one service doesn’t conflict with the other. Having all your consultants together saves you a lot of time as well as money. All of these services are offered by Bethesda CPA companies like A.K. Burton CPA. They have the right people under one roof, who work together to make sure you’re getting the most out of your company’s money.
Marketing analysts and business consultants are the other side of the business coin. It is important to have these people working for you because they offer many benefits. How else are you going to know how other people feel about your company or brand name? You want objective opinions, ones that may not always be what you want to hear. If you aren’t doing the best job of representing what products or services you provide, don’t you want to know where you can improve? Don’t you want to take advantage of all the different kinds of marketing opportunities out there? Just like with financial advisors, you need a company that has everything under one roof, so you don’t have to outsource to different people, and just like with advisors, you want your team to work together to develop the best marketing strategies.