In the outline below we have listed several of the seminars we have provided in the past, and are willing to provide to your clients or organization in the future.
Entity Selection Tax Traps There are tax inefficiencies inherent in each entity type. If you have multiple business entities the tax consequences can have a huge impact on your bottom line performance. In this seminar we will explore an optimum combination of entity types from a tax perspective. This seminar is valuable for both businesses and individuals. Coordinating the activities of multiple business entities is increasing in popularity and necessity.
New Business Owner - Top 10 Mistakes Ideally we learn from our business mistakes. Wouldn’t it be better if we learned from the mistakes of others! Let’s review this Top 10 list together.
Know When to Quit You’ve heard it said before, if you find yourself in a hole, STOP DIGGING! Too often business owners get trapped in a downward spiral without evening knowing it. Learn to identify the warning signs. When should you attend this seminar? Answer: BEFORE you need to. A healthy business will be run by an owner familiar with these warnings.
Budgeting for Profit We budget for labor, we budget for materials, and for some reason we expect profit will just magically appear. Budgeting for profit is essential. Profit is not a dirty word. It is absolutely necessary in order to pay down debt, pay taxes, provide a return on investment, and to reasonably project future wage increases. We’ll take a look at the differences between profit and cashflow; and how not to fall for the Pot o’ Gold trap. In the spirit of improving financial literacy, we will look at the common and oh-so-necessary profitability ratios.
Wealth Measurement Wealth measurement: Bankers do it. Accountants do it. We take a better approach and teach you how to do it. Possibly the most important aspect of financial literacy is how we measure our personal wealth. You can fool others, but don’t fool yourself. We will also take a look at how best to plan for the future and monitor your present financial situation. As CPAs we are in a unique position to talk about this most personal of topics, personal wealth measurement.
Know Your Numbers Ready! Shoot! Aim! Important issues for discussion are understanding the financial data presented, and having this information in real-time so you can make timely management decisions. We’ll demonstrate why it is important to take the financial statements as a whole: The Balance Sheet, Income Statement, and Cashflow Statements combined provide a complete picture. Do the numbers on the page pass the reasonableness test? We’ll explore important liquidity, efficiency, solvency and profitability ratios.
Bottom Line Performance Tools Management needs objective measurements of performance. Subjective evaluations lead to frustration, inefficiencies, and organizational decay. Our Bottom Line Performance Tool levels the playing field by bringing meaningful, objective measurement techniques to achieve the best evaluations of performance; leading to more equitable allocations of profit, cash, and compensation. It quickly brings entrepreneurial skills to each profit center of the organization and improves the workplace environment by dramatically reducing the subjective and often arbitrary standards previously in place.
Buying or Selling a Business D-Day’s landing on the beaches of Normandy did not get planned the night before. Likewise, it takes time to put the proverbial best-face on your business. In this event we team-up with mergers and acquisitions expert Karen Caldwell, CPA. We explore how important it is to position your business for sale; and what to look for if you are contemplating buying a business.
Building the Brand Building your brand is not simply so you can charge others to pay for your logowear; though that would be a nice byproduct. In this event we team-up with award-winning business coach Rick Crossland to explore increasing the competition gap between us and our competitors. We evaluate how investing in our company brand can positively impact financial performance.
Cash is King As the Endorsed Local Provider (ELP) for tax and accounting services for the Dave Ramsey Program in Central and North Central Ohio, we are familiar with his saying, “Debt is dumb, cash is king.” Personal debt, business debt: Why do we have it? What are the tax ramifications? Fixed principal vs. conventional mortgage loans? We’ll take a look at where cash comes from and where (too often) it goes.
|
