The following are a sample of consulting and advisory services we can perform for individuals and businesses:

Business advisory services:

Forecast / projections / budgets

Budgets are a very important tool for business.  When used properly, they can be a very good internal control device - holding departments, managers, and supervisors accountable for the budgets they set and explaining unfavorable variances. Budget vs. Actual comparisons also assist in determining consistent expense categorizing, or if expenses are missing or posted to the incorrect period. We can assist you in constructing a meaningful budget for your company so you can use this very useful tool!

Business planning

We have experience in preparing business plans for clients for varying circumstances.  A proper business plan is a valuable tool - just in itself as a communication device within your company of where you plan to go.  Sometimes a business plan may be necessary to provide to potential investors, for bank loans, and company start-ups, mergers, and sales.  Business plans generally include the following elements (some may vary depending on the purpose of the business plan): 

• Mission Statement

• Executive Summary

• Product description and analysis

• SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) addressing your company products and features, your market, the customers, the competition, your strategy

• Management description (who the players are - as this is generally considered most important by investors and bankers - they want to know who they are dealing with.)

• Markets and Marketing

• Production Process

• Financial Projections and assumptions (usually 3 to 5 years)

• Description of use of Proceeds (if for a loan or investor capital)

• Risks and Rewards for investors - a description of their way out of the investment and return on investment

• Timetables and Benchmarks

Business entity selection

Consult with us before you start a new business venture so we can explain the differences between entity types and help determine what is best for your circumstances.  Sometimes there are significant income tax differences based on the type of entity selected for the operation being considered.  For example - generally real estate is best left to partnerships and LLC's.  If you own your own business (a C or S Corporation) and if you also own the building where your corporate offices are located - then generally proper tax planning dictates a partnership or LLC own the building and the corporation lease the premises from the partnership or LLC. This allows the corporation to deduct fair rental payments and the building owners benefit from future appreciation (on eventual sale or trade) without corporate tax.  An example of another difference relates to ease of loaning and withdrawing funds and the related income tax consequences for differing entity types.

Computer software consulting:

Computer software consulting services relating to training in Microsoft Office applications such as Word, Excel, Outlook - if you are a beginner we can get you up an running these applications with some basic instruction. 

Personal financial planning

We will work with your stock and insurance brokers providing

• asset and risk management and protection services

• planning for college funding

• retirement funding

• debt reduction planning

• we also work with several mortgage lenders to assist you in obtaining the best loans

Copyright © 2006 Hymes & Company CPA