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Probably the most useful purpose a CPA firm can provide a contractor
is to assist the contractor in achieving the "maximum amount
of necessary support" required to conduct business on a day-to-day
basis. For example, does the contractor have a strategy designed
to achieve the minimum amount of income tax liability possible,
given the constraints under law? Do the contractor's percentage-of-completion
financial statements enable the company to maintain the maximum
amount of single and aggregate bonding limits? Do the financial
statements allow the contractor to obtain the satisfactory lending
facilities from it's bank? Do the owners have the necessary documents
in place to ensure for minimal estate taxes when succession issues
arise? Are procedures in place to maximize daily cash flow? Are
the right hardware and software technologies in place to efficiently
generate the requisite analysis tools?
If the answers to these questions are all "yes", that's
great! It indicates a well managed contracting firm that has addressed
the most important financial issues contractors face on a daily
basis. If the answer is "no" to any of the questions,
don't feel inferior to your competition. The fact is, most companies
need help in some, if not all of these areas.
However, the answers to these questions do help define the contractors'
potential success capabilities. One of the most pressing issues
facing the closely-held contractor is ensuring a maximum level of
support from it's consulting team members(CPA's, bonding agents,
bankers, attorneys, etc). We can help you solve these issues at
your firm by suggesting any of the following, based on your schedule
and convenience:
- Have us in for a brief, but meaningful meeting to review your
current financial status. We can talk taxes, bonding, borrowing,
technology, or other issues most pressing to you.
- Choose to meet with us over breakfast or lunch, no obligations,
just to get a "gut-feel" for each other.
- Come in and see us. Bring some basic documents for us to review,
and we can give you a plan, including our price structure, right
there.
- Call and request an example of our work. We would be pleased
to forward a sample of our percentage-of-completion financial
statements.
If you think we might be able to help your contracting
company receive "maximum support", call us at 732-974-8717
to set up a no obligation visit.
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