Other Business Consulting Services: The Critical Role of Your CPA
Throughout our working relationship I felt the Hoyman Dobson team cared about me, as an individual as well as a business owner. This feeling gives me a great peace of mind that I am in good hands. So instead of worrying about my financial matters, I can focus on continuing to help my patients and giving back to the community.
Silas Charles
Cancer Care Centers of Brevard, Inc.
Hoyman Dobson as your strategic business advisor:
In addition to services listed on our website we can help you with:
- Compliance with government regulations
- Cash management planning
- Business planning
- Capital planning and raising capital
- Cost reduction strategies
- Designing compensation plans and benefit planning
- Quarterbacking appropriate team of professionals
- Structuring transactions
- Help negotiate financing terms, purchases, and sales of businesses
- Increase profitability
- Position for future
- Analysis of new products or services
- Due diligence for possible business purchases
- Contact: Barbara Oswalt, Tax & Business Valuation Director. Email or call 321-426-3010.
As a closely held business owner, you have the flair for entrepreneurship and enthusiasm about your company. Your company may be just taking off, booming, or in the midst of restructuring. Regardless, to help with a successful run, you need the help of a Certified Public Accountant (CPA).
Some business owners look to hire a CPA when a problem arises. However, this is not the best time to hire them. Hire your CPA to help you through all stages of your business, from discussing a business idea and deciding on a business structure to growing your company and planning your business exit and retirement. Having your CPA through it all will help you capitalize on many business opportunities you could have missed otherwise.
A CPA should not be doing “just taxes” or “just an audit.” A good CPA will assume the position of a business coach, financial advisor, and mentor in addition to the nitty-gritty record keeping and compliance services. Especially during difficult times, you should turn to your CPA. CPAs can assist with all kinds of business matters, from issues of specific accounting matters to big picture strategy questions, such as:
- Which capital raising strategies should you use?
- Is your cash flow projection realistic?
- What benefit plans are best for your company?
- How should a potential transaction be structured?
- Are your compensation plans effective and motivating for your employees?
- Who advises you on leasing versus buying equipment?
- Who do you turn to when you need a referral for another service, such as legal, banking, and insurance services?
Your CPA should be available to you throughout any phase of your business. It sure feels comforting to have someone available as a sounding board, who will give you reliable business advice (and sometimes you may not like what you hear!) or reassurance that the bumps you hit in your business journey are normal. Besides expertise and industry experience, trust is of the essence.