Accounting services . You have opened a new venture of your own. That’s great news. Congratulations! You’ve big plans – high profits, a big customer base and a high sales rate! And you’re overexcited with the new venture. But did you plan on the accounting and financial part? How will you manage your expenses and calculate your profits? Did you think about the financial statements? 

If you’re a non-finance person, then these terms will sound gibberish to you! Then you need accounting services New Jersey from ThomasRoss Financial Group. 

Our group of knowledgeable accountants and consultants are there to help you with all types of business valuation services in New Jersey. In the case of a start-up business, you must keep correct books of accounts from the very beginning to avoid any unexpected losses.

We’ve listed 5 most important accounting services that your business needs. Go through the list and ensure you avail the same.

Tax consultancy services

If you’re earning, then you need to pay tax to the government. But confused about the method of calculation? Or do you want to know the tax evasion policies to reduce your tax burden? However, keep in mind that a normal accountant will not solve your tax-related problems. Approach ThomasRoss Financial Group to hire qualified Chartered Accountants for accurate tax consultancy services. Worried about the fee of the CA? Don’t fear our consultants charge pocket-friendly rates.

Bookkeeping

This is the basis of any accounting process. Appoint a normal accountant and ask him to record daily incomes and expenses. Since the bookkeeper will record all the transactions, hence if you don’t get a calculation for the money spent, you can easily check the journals, ledgers and the petty cash books. Searching for a good bookkeeper in New Jersey? We, at ThomasRoss Financial Group, have star bookkeepers with years of experience in this field. You can be assured that none of your transactions will be missed!

Management accounting

If you are serious about the venture, then you’ll want to expand it. Then it is important to conduct an internal analysis of your venture. How will you estimate the expenses and incomes? The management accountant will develop the budgets for your help. What’s more? What sales rate are you expecting in the next 3 years? You can’t just put a random number. Hire talented management accountants from ThomasRoss Financial Group for getting future forecasts and planning models of your business. Did you purchase assets for your business? Then learn to keep it safe for long-term cash requirements. Our management accountant will guide you on effective asset management processes.

Internal auditing

When you’re doing business always do it in the right way. You’ll find many people provoking you to engage in illegal and unethical activities. This can bring you loads of money! But how long can you continue earning using illegal methods? For this, an internal auditor is a must in your business. The internal auditing process involves checking into your business’s internal practices and confirming the legality of the same. Maybe you are following the legal path however your employees may engage in illegal activities. Who will suffer the consequences? Obviously, it’s you. Since you’re the owner of the business. Take a piece of good advice – hire a good experienced internal auditor from ThomasRoss Financial Group for your business and keep monitoring the illegal activities.

Forensic accounting

Last but the most important service that you need is the protection of your business from financial fraud. Every other day you might be reading about companies going bankrupt due to financial frauds by internal company members. You certainly don’t want the same to happen with your venture! The best solution is hiring a forensic accountant. Any kind of tax discrepancies, frauds and misconduct and any kind of employee frauds are quickly detected by forensic accountant. If your hire forensic accountants from ThomasRoss Financial Group, then you’ll receive litigation as well as investigative accounting support from them.

Are you tensed with the financial service part for your business? ThomasRoss Financial Group is there to always solve your problems. Our mission is to secure your money and help your business grow! There’s some more good news for you! Apart from the accounting services, we offer a varied range of other financial services as well. Take help from our experts. They will make an easy interpretation of the financial statements and help you in understanding the financial terms. 

For your new business formation, you can hire our consultants for financial advice. We do personal financing, retirement financing and estate planning as well. Want to know the value of your business before you sell it? Come to ThomasRoss Financial Group for accurate business valuation. 

Now you know whom to approach in case you are stuck with your balance sheet. Call us and get instant services from our experienced accountants.

Accounting service for start-ups. Generally, entrepreneurs do not have a financial or accounting background. That’s natural. Being an entrepreneur, you must give birth to a business idea. If you keep on meddling with kinds of stuff like accounts, finances and taxes then the creativity will be lost. If you’re planning on opening your business in New Jersey, then we have good news for you! ThomasRoss Financial Group is here with its business startup services New Jersey to help you with the number part of your business.

Our experts at business start-up services New Jersey can help you with accounting services, audits and reviews and tax consultancy services. Every other day we see most of the businesses failing because the owners have no idea about the importance of financial and accounting services. 

Do you want to be named among the failed businesspersons? If not, then take advice from our accountants at affordable rates!

Before you hire accountants and financial advisors, ask yourself why are you hiring them? Why is accounting important for your startup? Once you realize how important accounting is, you’ll be more eager to hire a good accountant. 

Have a look at these points and you’ll understand the importance.

• Gives you an overview of your business

If you don’t maintain cash flows, incomes and expenses of your business then how will you know the condition of your start-up? If you’re a novice in financial matters, then the financial terms like statements, cash flows, budgets, petty expenses etc., may scare you. That is where ThomasRoss Financial Group will help you.  

Hire our financial advisors who will not only maintain the financial statements but also inform you how much your customers owe you and how much you owe to your vendors. Moreover, if you’re serious about continuing with the startup, then at the end of the first financial year you’ll be required to pay taxes. There again you’ll be needing a tax consultant for the job. ThomasRoss Financial Group is always ready to serve you.

• Helps you estimating the future of business

When you’re planning on expanding the business, your focus would be on attracting as many investors as possible. Why would a person suddenly be ready to invest in your business? Show them the prospects of your business in numbers. Our accountants will help you develop future financial trends and project the future growth rate of the start-up to the investors and banks.  

Do you prepare daily budgets for your expenses? If yes, then why not do the same for your business? Budgets are very helpful for showing the future scenario of the business. Our business start-up services New Jersey also provides budget preparation services. Stay within your budget and you’ll succeed in financially establishing your company.

• Shows your incomes and expenses

Suppose you don’t have an accounting system, then suddenly you’ll be overburdened with expenses that need to be paid and you won’t be having any money to do the payment. Big problem isn’t it? You can avoid any such problem if you maintain a petty expenses account, journal, ledger and profit and loss statements for the start-up. It is very important to keep track of your spending. Mere noting them down on a paper will not help you in calculating the amount of spending reciprocal to the amount of earnings you are having. 

At ThomasRoss Financial Group, the advisors are trained to provide you with advice on ways to reduce your expenses and plan your expenses. Hire them and learn smart ways of saving money.

• Shows your business’s profitability

It does not necessarily mean that if the business sales are high, then your business is incurring huge profits. If you don’t use, your assets in a proper manner then the money you’ve obtained from the sales will be gone in payment of expenses and liabilities. Get an accountant and he will guide you about the asset management strategies. The profitability of your business is also a matter of concern for many other people. Customers, investors, board members all want to know the profitability level of the business. 

With our business valuation experts, you’ll not only get your start-up business valued but they’ll also help you protect your business profits to the concerned people.

• Taxation consultancy

Whenever you hear the term “tax” you get afraid and start anticipating the huge amount of money that’ll be required to pay. But an accountant can help you out in these matters by showing you the loopholes and the deductions that your business can avail for taxation purposes. Call ThomasRoss Financial Group, for a good tax consultant. They will plan out the taxing concerns for you and will reduce your burden.

Now whenever you face a financial problem in New Jersey, you know whom to approach! Hire our consultants and help your business grow.

If you’re thinking of merging your business with a new profitable venture, then you need to know the actual value of your business. You can’t randomly ask the acquirer company to pay a price for your business without showing the actual value of your business. Struggling with the financial part and not able to determine the business value? Don’t take the pressure, when you’ve business valuation services New Jersey from ThomasRoss Financial Group. 

It would be quite unfortunate if the acquirer company pay you less than the amount you deserve. It must have cost you a lot of effort to build a business. Hence while merging it or getting it acquired by some company should be a profitable deal for you! 

Schedule a consultation with our financial advisors. Get your business valued using the best business valuation methods. For budding entrepreneurs, we’ve business startup services New Jersey. Now you can get budgets, income and expense statements and cash flow statements prepared from our financial consultants within the blink of an eye! Keep your numbers in track with our fast and cheap services!

If you don’t want to get deceived during M&A, then check out some of these tips. They’ll be useful for you when you’re planning for business expansion.

1. Maintain clear and true financial statements

If you’ve got a clean financial statement, then you’re sure to get the actual value of your business. The acquirer or merging company will have high confidence while proceeding with the matter if you’ve got a clear financial statement. Keep in mind, before M&A, you should clear all your debts. Debts are not good for business. They’ll decrease your business value!

Business accountants at ThomasRoss Financial Group will prepare your financial statements in such a way that they’ll show the current expenses of your business and the future probable expenses that can occur in the business after M&A. Now the acquirer will get to see the true value of the company and will pay you accordingly.

2. Calculate the net asset value

Once you hire our financial advisors, they’ll start your business valuation from the net asset value that you’ve. You might be thinking, what is net asset value? It’s not rocket science! You should be aware of the process of calculation of the net asset value of your business. Deduct your borrowings, redundancy payments, tax payments and outstanding liabilities from your audited amount and you’ll get the net asset value for your business.

For hassle-free results hire financial advisors from ThomasRoss Financial Group. Our experts will not only find out the true value of your business but also provide you suggestions on the best possible M&A deal.

3. Check the cost of acquisition

Why are you considering M&A for your business? Are you running the business for a long time and did your business profits become stagnant? So, why not start a new business rather than merging the old one? These questions should cross your mind as soon as you consider the decision of M&A.

What you need to do then? Consultants under business valuation services New Jersey at ThomasRoss Financial Group suggests comparing the cost of acquisition with the cost of starting a new business. When you compare don’t forget to include the assets, savings, marketing costs and product development costs. Now if you find you can start a new business at the same cost, then change your decision.

4. Keep smart financial plans

What your business strives to achieve in the next 10 years? This is a question that the acquirers will ask you before acquiring your company. Hence, if you want a good value of your business, make sure to highlight the excellent long-term goals of your business to the acquirers. But be sure that your goals are realistic! Don’t project a goal that is impossible to achieve.

Our services such as business startup services New Jersey will help you in this matter. They’ll review your business goals from the very beginning of your business and guide you to change them to some realistic goal. Business is no place for emotions. Hence keep your business goals clear and focused.

Wait, there’s more! Want to know your business value during divorce? ThomasRoss Financial Group is again the company that’ll help you. Buyouts, financing, restructuring and estate planning – we provide business valuation services in all these cases.

Looking for a good retirement policy? Book an appointment with our experienced consultant. They’ll help you with excellent retirement plans, estate plans and personal finance plans.

If you’re in New Jersey, then with any kind of financial issues you don’t need to worry now. ThomasRoss Financial Group is here to help you with all kinds of financial problems. Dial our number and book an appointment with the desired advisor. Avail our cost-effective financial services.