Whether a business is just a couple of months into its journey or owners have maintained its small business for years, business consulting services level up businesses through comprehensive strategies, streamlined bookkeeping, and tax deductions that most business owners have yet to learn about. These services can lead to higher profit margins, thousands of dollars saved, and the removal of excess stress. As a small business owner, it is unlikely that you have enough time each day to constantly work on your books or research updated tax codes. With these business consulting services, you can take that time back and benefit from numerous perks.
The Benefits of Business Consulting Services
Business Strategy Consulting to Jumpstart Your Business
Strategy business consulting services can aid business owners at any point in their journey. Say you are just getting started; our consulting team can provide you with expert knowledge and guidance. When starting a business, there is vast information to process, compare, and analyze. It can be downright daunting, and many budding business owners need help in the process. Our team can assist you with your business plan creation, business entity choices, marketing plans, and even a financial analysis to ensure you start off on the right foot.
Even if you are further down the line, similar services can aid business owners when determining what next step to take in their master plan. Are you thinking of expanding your business, hiring employees, or taking on a new opportunity? Our highly experienced consultants can help you analyze your choices from an unbiased, third-party perspective to give you the logistics behind major decisions.
Streamlined Bookkeeping & Payroll
As a business owner, you certainly have your hands full running your business, let alone keeping up with the behind-the-scenes tasks such as bookkeeping and payroll. If you are still new in your business, or you feel as though you are drowning in paperwork, there are simple ways to automate your bookkeeping system to streamline your income, expenses, and payroll. Business consulting services can provide personalized training for you to do your books efficiently on your own, or you can outsource to a professional team who can save you time and hassle!
Tax Strategy, Preparation, & Deduction Discovery
Personal taxes are a nightmare, but business taxes can be like a horror film for some. The tax code is massive and constantly changing; what may have been true one last year is not valid the next. Rather than spending countless hours combing through the IRS’s website and counting receipts, you can utilize tax strategy business consulting services.
Businesses can meet with their consultants annually to discuss their tax strategies for the upcoming fiscal year to take full advantage of available deductions and credits to get the greatest bang for their buck. You would be amazed at how many methods there are for small business owners to reduce taxable income! Then when tax season rolls around, they are more aptly prepared, but it doesn’t stop there.
Tax preparation is another business consulting service that saves business owners countless hours of stress and fatigue while ensuring that everything is recorded correctly and submitted on time. Not only are there federal taxes, but your business may be required to file state or even local taxes. It can get quite confusing, and most “free” tax assistance programs require a paid subscription or analyst fee once a business entity is involved. Rather than paying for those high automated fees that treat you like another cog in the machine, you can get individualized assistance through a tax consultant. For example, at Porter Kinney, our tax preparation services include the following:
- Individual Tax Preparation (For Clients with a Business, Rental Property, Estate, or Trust)
- Business Tax Preparation (C-Corp, S-Corp, Partnership, and LLC)
- Estate and Trust Tax Preparation
- WA State Sales and B&O Tax Preparation
- Strategic Tax Planning and Tax Strategies
Stop pulling out your hair and let the pros take care of your business so you can focus on the bigger picture.
The Drawbacks of Hiring Business Consulting Services
Business consulting services aren’t suitable for everyone; we understand. Building a long-term relationship with your consultant takes time and money. Plus, some business owners may be afraid to hand over some responsibilities or be unwilling to consider third-party feedback. However, the benefits of hiring business consulting services far outweigh the costs for most businesses. Businesses benefit from time, money, and hassle saved by trusting highly trained professionals to take care of this aspect of the company for them.
Business Consulting Services with Porter Kinney
Not all business consulting services are created equal; here at Porter Kinney, we understand that owning a business is a challenging feat. Our expert team of certified public accountants is here to aid Tri-Cities business owners in building sustainable and profitable businesses they can be proud of. We offer our clients over 200 years of combined experience. Our decisive strategy will communicate and benefit you clearly and concisely. For more information on our available services, please review our website. Ready to take the next step to become a more efficient business? Complete our contact form today to schedule your appointment with us.
