Andy Powers-A Professional who cares..About YOU!
Small
Business Solutions
Small businesses owners face unique challenges. Competition is fierce and resources are often limited. Lacking the luxury of sending a memo or placing a call to a highly compensated executive for recommendations and information, they wear multiple hats and work long hours. As a result it is not unusual for matters other than customer service and sales to be sacrificed.
By acting as an extension of your business without disrupting your normal routine, Powers & Co. can provide your business with the invaluable resource of years of extensive business management experience with which to help your business grow and establish respectable relations with the banking community as well as the consumer community.
How ironic that so often in small business settings that financial and tax management, the one area that the one area that large businesses depend on so heavily, often takes the lowest priority.
Poor record keeping, lack of planning and faulty tax reporting often spell disaster for many small businesses when an accountant is retained based solely because he or she offers the lowest fee without regard to business needs or the quality of service and information generated. Just as dangerous is the false belief that a certain accountant may be able to “hide” the money to avoid paying taxes. The IRS web site has a section specifically dedicated to the latest tax scams that are closely monitored. Eventually tax notices are generated often followed by additional tax assessments combined with expensive penalties.
Many a small business has been shut down by the taxing authorities spelling the end of everything that the business owner worked so hard for.
Today many business returns are crosschecked and verified by different departments. Information is likewise shared by multiple taxing jurisdictions, leading to early alerts to tax authorities of suspicious or faulty accounting systems and procedures.
Entrepreneurs and small business owners being faced with a rapidly changing business and economic environment require accurate and useful financial information that enables the execution of competitive business strategies. Accurate financial reporting lends itself to meaningful budgeting, thereby enabling you to dedicate resources in a meaningful and effective manner.
Contrary to this, a poor accounting system lacking integrity that generates inaccurate information is totally useless and sometimes leads to costly business decisions that are made on the basis of this information.
Powers & Co. is the sensible solution to entrepreneurs and small business owners because we care enough to make quality our priority. We take the time to educate our clients with regard to their tax compliance requirements as well as how to maximize the utility of financial reporting information that we generate on their behalf in order to make intelligent and useful business management decisions.