Measuring your company's financial well-being is far more complex than a cursory glance at a bank account statement. To accurately evaluate a company's financial health and long-term sustainability, a number of financial metrics must be considered. The four main areas most establishments use to examine financial health are liquidity, solvency, profitability, and operating efficiency.
"Client Advisory sounds broad; how can this help me as a Client of EGP?"
- Great question.
Many clients are accustomed to working with their CPA once a year, around tax season, of course, but our Client Advisory (CAS), takes a deeper dive year around. For those clients who need a controller, bookkeeping, or accounting arm, we are your virtual CFO. Our team will perform an operational assessment of your business, how it works, its people, processes, and systems of the organization, allowing us to map where you are currently.
"For example," said Candice Cole, Partner of the CAS division within EGP, "I have clients who run any sizable transaction past me, such as investing in a new piece of real estate or selling property. How will this transition affect the bottom line or capital gains at the end of the year? Say you decide to build a home. You have all the materials and the determination, but no experience. The advice from an experienced home builder could save you from significant pitfalls and costly mistakes.", said Cole. "Our job is to anticipate what could impact your future and act while there is still time". "
Our team spends time with a company's leadership to fully understand where the pain points may be. We believe providing clients with strategic consulting on a going basis is one of the most significant unmet needs within the accounting industry. The CAS team of EGP is here to bridge the gap.
Accounting and bookkeeping are two of the most common consulting activities needed by small businesses. As with other non-core business activities, when deciding whether to contract out some or all of your bookkeeping or accounting duties you need to ask:
What is my time worth?
Can I do as good a job as a professional in this field?
No matter which path you choose, our Client Advisory Services professionals are here to guide and assist.
At EGP, our audit and assurance services can be designed to go well beyond the typical to address the quality of information businesses use to make critical decisions. Our approach emphasizes a thorough understanding of our client's business philosophy, personnel and operating systems. As part of our audit, we will communicate any weaknesses noted in our clients' internal controls or accounting systems and offer suggestions to improve operations where possible.
Success can be measured by the company you keep. As markets change at increasing velocity, successful companies align their resources and strategies to meet current and new business needs. We ensure our clients' strategic business decisions are based on quantifiable facts, sound business models, and tested assumptions. EGP's clients rely on our expertise to guide them in successfully developing and implementing these strategies for growth and to generate solutions to avoid business pitfalls. Our consultants allow you to save time, get focused, and achieve the long-term results you are looking for from your strategic planning process.
Estate planning is not just for the wealthy or the elderly. Putting yourself in control of how your assets are divided is something that you should do in order to save your family excessive taxes, legal fees, legal battles, and family disputes. Our team of professionals works closely with you in order to assure we are familiar with your goals and concerns, details of the estate, as well as your family structure.
At some point, most individuals and businesses will find themselves embroiled in highly complex litigation requiring financial analysis. Our experience and well established reputation for highly competent, objective and authoritative financial expertise enables us to assist you and your attorney as you face a legal issue. The firm's litigation team is widely regarded as having the expertise needed to express an opinion about the validity of evidence in a case and convey that opinion in a way that can be understood and believed. Our team has earned respect from law firms that understand a qualified financial services firm is a critical component of a successful litigation strategy.
In reading or listening to news accounts these days, there are numerous reports regarding the dwindling social security fund, increasing college tuition, volatile stock markets and growing healthcare costs. According to the Employee Benefit Research Institute, the percentage of workers who said they had less than $10,000 in savings grew from 39% in 2009 to 43% in 2010. In 2011, the Associated Press-LifeGoesStrong.com poll found that 89% of baby boomers were not strongly convinced they would be able to live comfortably in their later years.
Proper estate and wealth transfer planning is also important FOR EVERYONE, regardless of what or how much you own. For one thing, when you consider the value of your home, retirement funds and life insurance, you could be much closer to the estate tax threshold than you might think. Even if you’re not subject to the estate tax, you should engage in proactive planning to ensure that your assets are directed as you wish upon your death. Advance planning can also serve to minimize probate costs. For example, statutory fees could amount to $15,000 on an estate valued at only $300,000.
Our team of professionals is very aware of how crucial these issues are to you and your family. We will perform a thorough financial needs analysis (including a review of your estate plan), and help you develop and implement a plan of action based on your needs, goals and objectives. Getting started is as simple as providing the following information that allows us to help you achieve that peace of mind.
A consultation centered around these items below gives you the tools to start the path to preserving your wealth:
With constant changes in the tax laws, your need for trusted advice is critical. Tax planning and compliance are vital to all different forms of entity structures including individuals. Our professionals are experts in federal, state, and local tax laws and providing year-round, not just year-end, tax planning. Through this approach, potential tax concerns are taken care of as they arise. The scope of our tax consulting services will guide you through the maze of statutes, regulations, preparation of tax returns and tax planning.