Most people know that CPAs are known for helping people prepare and file taxes. Small business owners who work with CPA firms probably also know that CPAs are in a great position to help with bookkeeping and accounting as well.
If you’re new to business (or have just been a small enough operation to handle your finances yourself), you may think that those things are all that CPA firms do. That may be true for some firms who either prefer to remain small or don’t have the ability to provide assistance beyond those areas.
But CRS CPAs is different, and we believe that you deserve to “expect more from your CPA.”
So we are here in this post to dispel the myth that CPAs just do taxes, bookkeeping, and accounting. There is an incredible range of services that make our firm different…and perfectly positioned to help you grow your business.
More Than Bookkeeping and Accounting?
40 years ago, when we began, CRS was a small firm run by a young CPA from his garage. Since then, we have grown to a large company with 7 locations across West Tennessee (Jackson, Dyersburg, Martin, Milan, Paris, and Brownsville – near Ford’s new “Blue Oval City”) employing 40 team members – 14 of which are fully certified CPAs with decades of business experience.
In the early days, we were much like many firms who could only manage to offer basic tax prep, bookkeeping, and accounting. But now, we are able to guide our clients through a wide array of services designed to help them succeed.
We’ve partnered with thousands of clients at this point, and we specialize in helping service companies, farm and ag operations, and nonprofits. While we certainly still provide lots of bookkeeping and basic accounting services, here are some of the ways we are able to go way beyond that when your business takes you into uncharted waters.
Payroll and HR Support
Imagine having an extra 15 days each year to focus on something other than managing your own payroll. That’s how much time the average business owner saves by partnering with us for payroll and HR support.
Forbes says that outsourcing payroll and HR increases your focus on core functions. “Relying on time and effort from in-house staff inevitably chips away from opportunities for revenue or growth and can further detract from company efficiency when unexpected issues arise.”
Our team helps with human resource management, online payroll processing, tax form processing, worker’s compensation audits, and unemployment claims reporting so your attention can turn to bigger things.
Compliance and Audit
When outside entities need to have an accurate understanding of your financial practices, you don’t want to be scrambling to put that kind of information together at the last minute under pressure.
Our compliance and audit services help you confidently deliver
- accurate GAAP accounting reports
- compliance audits
- financial reviews
- compiled financial statements
- internal control reviews
CFO Consulting
Growing businesses often reach a point where they need professional financial advice, but can’t afford a full-time CFO or controller.
If you’re fortunate enough to be in this position then we have the perfect solution for you. Our Part-Time CFO service gives you a professional financial manager who works with you to help guide your business to success.
You can still benefit from having a CFO on your team–without all the overhead–by partnering with a firm like ours for CFO Consulting Services. These are just a few of the benefits of having a part-time (or fractional) CFO:
- More time to focus on new services, new customers, and other core business issues.
- A better understanding of the financial side of your business, so you have fewer surprises and more control over the money.
- Improved decision-making capabilities by clearly seeing the hard and true numbers of your business.
- A readily available sounding board to help you with those tough business decisions and help clarify your business plans.
- The comfort of knowing that a professional is overseeing, protecting, and constantly improving the financial side of your business.
- A professional who establishes strong financial controls in your business to reduce employee theft and increase profits.
Cash Flow Management
Everything in business is better when your cash in exceeds your cash out. But running a company is rarely that simple. When busy owners get overwhelmed, it’s easy to lose track of where money is going.
When that happens, disaster isn’t far away. Our cash management services allow you to
- know when, where, and how your cash needs will occur
- understand the best sources for obtaining the funds you need
- stay prepared to meet those needs when they come up by maintaining good relationships with bankers and other creditors
Bank Financing
As their businesses grow, our clients often find themselves in need of large amounts of immediate cash in order to cover expenses or take advantage of significant opportunities. However, without a lot of experience in dealing with banks, they quickly become frustrated by the process of trying to secure a loan.
That’s where our team of finance professionals is able to step in and help get the money they need. By serving as a liaison between business owners and the banks, we are able to provide both parties with the piece of mind that they are making a good deal while avoiding costly mistakes.
Strategic Business Planning
Clarify your company’s direction, make sure your key leaders are all on the same page, and set your team up to stay focused on growth. It’s tough to accomplish these things when you’re busy running the business. Let a guide with decades of experience help you achieve success.
Succession Planning
You probably didn’t start a business in the hopes that you’ll have to work in it forever. At some point, you want to be able to either sell it for a huge profit or pass it on to the next generation of your family. Don’t risk such important decisions on feelings or instinct. Let us help set you up to leave a great legacy.
New Business Formation
Perhaps you’re on the other end of things and are just getting started with no idea what’s ahead or how to prepare. Like a trusted hiking guide, our experts have been down the trail you’re beginning (several times in many cases). We know what it takes to get started on the right foot and set you up for your best shot at building a business that wins.
Expect More From Your CPA
When it comes to big business decisions, you can’t afford to make costly mistakes. We’ve seen too many small business owners take a DIY approach that results in failure.
Instead, partner with a CPA firm that goes way beyond taxes and bookkeeping. You deserve to be able to expect more from your CPA. Let us come alongside you and your business and show you how:
- A handshake still means something.
- We roll up our sleeves and get to work.
- You’ll always get a straight answer.
- We look for ways to help you succeed.
- Taxes are just the start of how we can help.
Schedule a call today to get started!
