Why should you consider an option to outsource accounting services for your San Diego business? What type of company should consider outsourcing their accounting and financial reporting requirements? Why is accounting one of the most under-valued and overlooked aspects of most businesses here in San Diego, across and California and throughout the United States?
3 Important Takeways for Why You Should Consider the Option to Outsource Accounting Services for Your San Diego Business:
- The number one source of a California or IRS business tax audit lies in the accuracy of your internal processes and accounting.
- Accuracy and the capture of information at every point of your business operations and transactions is the most important goal of any effective business accounting system.
- Any business generating more than $3 million annually in revenues can increase retained profits and increase the quality and quantity of information they have available to make important business decisions through outsourced accounting.
- Outsourced accounting increases the value of your company, and the likelihood of success in any mergers or acquisitions, as well as in any California Tax or IRS investigation or audit.
Any successful business strategy should include well conceived and implemented integrated accounting services to capture relevant information throughout your company and its operations. The number one source of controversies such as a tax audit, internal disputes with shareholders, embezzlement, and challenges that reduce the attractiveness and value of your company in a merger or acquisition can be sourced to the thorough design and accuracy of your accounting systems. This is the primary reason to consider Allen Barron when searching for a provider to outsource accounting services for your company.
Whether your business is just starting out, restructuring or trying to get its financial house in better order, it is hugely beneficial to consider and implement Allen Barron’s professional accounting services. Our professional San Diego-based professional accounting staff supported by our legal and tax departments provide numerous financial, business, and tax advantages over an in-house bookkeeper or external accounting firm.
One of the main benefits of working with the integrated business services team at Allen Barron is the prevention or reduction of audits, which is a fact that should speak for itself to any small business owner. Our redesign of your chart of accounts, implementation and ongoing accounting services are structured to capture important information while feeding up-to-the-minute data to internal management dashboards.
The result is a much more thorough and affordable accounting and information system that is more affordable than dealing with an expensive and time-consuming IRS and/or California audit. Ask about the additional protections of the attorney client privilege provided by a relationship with Allen Barron.
Benefits of the Strategy to Outsource Accounting Services
Today’s business world has become much more complex. Managing challenges associated with the ever-changing international business climate, tax laws, and the resulting impact on supply chains around the world has had a substantial impact on many California companies. If you have any international interests (personally or professionally) it matters when you realize gains and losses, how you realize them, and where (geographically) you realize them. Your business deserves and needs our integrated legal, tax and accounting strategies to help you to reduce taxation and streamline internal information to inform critical business decisions. Here are just a few of Allen Barron’s accounting services for your unique business needs and challenges:
- Current financial statements including accurate, up-to-date Balance Sheet, Income Statement (Profit & Loss) and Cash Flow Statement
- Key financial management reports including, but not limited to Accounts Receivable Aging Report, Accounts Payable Aging Report, and Budget v. Actual Performance Analysis ready to be viewed and accessed at all times
- Better information to help inform decisions, identify immediate opportunities for development and growth, and reduce losses due to inaccuracies or embezzlement
- Information on leases, lines of credit and loans always at your fingertips
- Informed business decisions based on up-to-the-minute, accurate information
- Electronic record keeping to save space, get organized and prevent human error
- Full tax compliance and end-of-year tax preparation
- Immediate update and strategic advice and planning regarding any change in California, U.S. or international tax regimen(s)
- Protections of the attorney client privilege
The Cost to Outsource Your Accounting Services is Less Than What You Are Presently Paying
Here is the benefit that might surprise you the most: the cost to outsource your accounting services is less than what you are presently paying for in-house accounting staff and systems, tax compliance and reporting, as well as the strategic financial planning and internal management required to manage the process and people.
In many cases, the savings can exceed 33% to 50% of existing expenditures, while providing a much higher level of accuracy, quality, turnaround, reporting, and compliance. Ask about the savings and actual cost comparisons between your existing accounting and financial reporting staff and processes, and the services of Janathan L. Allen, APC, and Allen Barron, Inc.
Allen Barron is the Partner You Need to Outsource Accounting Services and Increase the Productivity, Profitability, and Value of Your Company
With our experienced San Diego-based outsourced accounting services customized for your unique business, and implemented to ensure a successful transition, you’ll have better, immediate access to the financial information and internal data insights required to make better and more informed decisions about your business. Whether you are interested in adding expanding your business and increasing profitability, positioning your company to acquire another business, merge, or be acquired, attract new employees, or finally achieving your plans for growth and/or restructuring, you will have the accurate information and a sound foundation to ensure success and profitability.
Is a strategy to outsource accounting services the right decision for your company? If you are planning to reduce financial exposures and risk within your business, structure your company for growth or acquisition, or wish to improve management insight into the challenges and opportunities for your company we invite you to learn more about the integrated tax, legal, accounting and business consulting services of Allen Barron and contact us or call today to schedule a free consultation at 866-631-3470.
