So you’re thinking of expanding your business. Congratulations! But, don’t get lost in the excitement. Expanding a business takes capital, time, knowledge, and paperwork. If you don’t continue forward properly, the expansion could overextend your business and force you into the red, or worse. At Froehling Anderson, our services are tailored to help every aspect of your business. Tax services, audit and assurance, accounting services, and business advising services are all ready to support your expansion.
Investing For Growth
The old saying “spend money to make money” couldn’t be truer when it comes to expanding your business. The costs of additional vendors, employees, space, etc., can seem insurmountable. Making sure that you are spending every dime correctly, and that the cost will be justified in ROI, is important. This high-level accounting and planning can take months, sometimes even years of planning.
Froehling Anderson’s accounting services can help take care of the paperwork so you can focus on other pressing items. Our finance professionals can take the role of controller and bookkeeper, running the numbers while you run the business. We also provide CFO services, budgeting, and forecasting to help you see where your money is best spent during the expansion.
Once the numbers are in order internally, it’s important that they line up at a state and federal level. Expanding your business brings a flood of new paperwork that you need to read, comprehend, and complete before moving forward. Expansion can move you from one tax bracket to another, not to mention employee healthcare taxes, taxes on larger profits, and much more.
Making mistakes here can be deadly; why risk it? Froehling Anderson has a team of tax professionals that can take care of it for you. We help you figure out where your new, expanded business fits into the big picture taxwise. Many of our professional tax advisors have worked across the industry and can suggest the best options moving forward: we’ll tackle the red tape of expansion for you.
Preparing For Audits
With so much going on, paperwork and due diligence can slip through the cracks. Compliance is key, especially for businesses entering a new market. Nothing stops expansion in its tracks quicker than an audit that you weren’t prepared for. We can help your expansion bypass an awkward first audit with our audit and assurance services. Our professional team has trained CPAs who have been through audits at all levels of the industry. We can look at your financials, identify weak points, and work to improve them before an actual audit, saving you time, money and stress.
Planning for the Future
Successful businesses don’t just plan for one expansion; instead, they look at how their business can continue growing. This means that all the steps discussed above have to be repeated multiple times. It’s a lot of work, but it will pay off in the long run when you are confident in your business’s direction. Our business advising services can help you reach that confidence with help on all aspects of planning, valuation, and M&A services, as well as C-Level consulting to help you strategize. We are your partners in expansion and are excited to see you grow.
We Help You Succeed
Froehling Anderson has helped businesses all over the state with all different aspects of expansion, planning, and developing best practices. Our team of local, experienced professionals is excited and well-equipped to help you expand your business. Contact us today to learn more about how we can help, and to set up an appointment.