New Business Owners and Entrepreneurs
Choosing the right structure for your business is a critical decision. There are several alternatives from which to choose, such as C corporation, S corporation, partnership, sole proprietorship, and more recently the limited liability company or LLC. Complex tax laws as well as financing restrictions and capital needs make this decision critical for business owners. The choice requires careful analysis. Kee, Huchok & Co., Inc. have qualified, experienced CPAs to assist you. Our knowledge of tax laws and familiarity with various business enterprises and industries enable us to provide the information business owners need to make the proper selection.
A business plan is a written statement of your business goals and strategies for achieving them. They contain key background information about the business owners and management. Business plans are often required by lenders before approving the funding for a new enterprise or expansion of an existing business. The staff at Kee, Huchok & Co. will assist in the development of your business plan and provide valuable insight in the areas of income, expenses and cash flow.
Cash Flow Analysis
Every business is concerned with cash flow - the life blood of your organization. During a cash flow analysis, we look at every segment of your business and its effect on your cash flow. The segments include Accounts Receivable (days outstanding), Inventory (turn), Property and Debt Service. Kee, Huchok & Co. recognizes that a profitable business does not guarantee positive cash flow. After we perform a cash flow analysis, ratios and benchmarks are set and monitored to ensure your business segments are in-sync.
The staff at Kee, Huchok & Co. will assist you in the design and implementation of a computer-based accounting system. We have broad experience with the various systems available and can suggest a number of options that will fit your needs. We emphasize ease of use and efficiency and assist in the conversion of "paper and pencil" accounting to computer-based accounting. We are also happy to help in the conversion from one computer-based system to another.
Kee, Huchok & Co. takes a proactive approach to tax planning. We utilize tax planning to minimize the tax burden and increase your remaining profit. A tax plan lets you avoid surprises and possibly time transactions to minimize or defer your tax liability.