Our Services
Fractional CFO & Outsourced Controller Services
Whether you have clearly defined financial goals for your business or you are looking for a second opinion on important strategic decisions, working with a CFO and controller that you can trust is crucial. It can be difficult to scale an accounting department in order to hire the experienced specialists needed in-house, full-time. A more manageable and affordable solution is to bring in our skilled team of fractional CFOs and outsourced controllers. We have vast and specialized experience in working alongside owner-managed companies and legacy businesses within the $5-$15 million revenue range. The experienced team at Palmetto Accounting partners with your upper-level management in order to provide support on high-level growth, investment, and custom accounting strategies no matter your business size.
By serving as your fractional CFO or outsourced controller, your business can expect guidance in forecasting, financial process oversight, and tax strategy, as well as budget creation and monitoring. Our dedicated financial consulting and advisory services ensure that you have the precise guidance you need for your business at the right time. From the beginning planning stages to the execution of your business’s strategic initiatives, an outsourced CFO and controller will work directly with key decision-makers to become an irreplaceable part of your team.
Various quarterly planning services are also offered to support your business in reaching its goals. By explaining financial reports in an easy-to-digest manner, our goal is to better help you understand the financials and tax estimates for your business so that you can make the right strategic decisions to skyrocket the success of your business.
Fractional CFO and Outsourced Controller Services Include:
– Strategic high-level accounting support
– Business formation and tax strategy
– Financial process oversight
– Forecasting and cash management
– Budget creation and monitoring
– Preparation of financial statements
– Key Performance Indicator analysis
– Trend analysis and historical performance forecasting
Tax Planning and Services
Tax planning with an expert can help you to regain control over your financials and get ahead of your annual filings. By proactively planning there will be no confusion or surprises when it comes time to file taxes either individually or for your business. Our team at Palmetto Accounting not only has vast experience in accounting, but also extensive industry knowledge and up-to-date information on changes to tax codes and laws. We can handle both personal and business tax returns as well as quarterly filings.
We employ a number of tax-saving strategies while working alongside you to help reduce your tax liability such as taking deduction and credit opportunities. Additionally, our team utilizes various approaches including deferment and depreciation to minimize your taxable income while remaining completely compliant.
Individual and business tax returns have strict deadlines and regulations so it’s important to have a group of experts working with you to avoid any penalties or late fees. By taking advantage of our in-depth tax planning services and knowledge of current tax policies, you will be set up for success with a professional financial and accounting team whose main goal is to escalate your business.
Tax Planning and Filing Services Include:
– Ongoing strategic tax planning
– State and federal business tax return preparation and filing
– State and federal personal tax return preparation and filing
– Reviewing, preparing, and submitting sales tax payments
– Reviewing, preparing, and submitting personal property tax payments
Managed Accounting Services
This arrangement allows businesses to focus on their core operations while ensuring that their financial data is accurately recorded, maintained, and reported. Outsourced bookkeeping can be a strategic move for businesses looking to optimize their financial management processes. By leveraging external expertise, companies can improve accuracy, save costs, and focus on growth while ensuring their financial records are in good hands.
Managed Accounting Services Include:
– Recording daily transactions
– Managing accounts payable and receivable
– Reconciling bank statements
– Preparing financial statements
– Handling payroll processing
– Generating tax reports
– Providing financial analysis and insights
To find out more about how our experienced and knowledgeable team can assist you with your bookkeeping and account needs, contact us today.