CONSULTING
SERVICES
Kollath, CPAs can assist your business
with other consulting services, such as start up assistance, completely
outsourced accounting services and loaned staff services.
|
| Start-up
assistance |
• |
Starting
up a company isn’t easy, but not having to worry about
the financial side of the equation makes it easier. Accounting
and taxation are a headache when planning a start up company,
but is much easier when you have a quality partner. |
• |
We
can assist with your start up by providing input for business
plans, budgeting, financial projections and tax and financial
strategies. |
• |
Analyzing
and establishing banking services, including cash management,
debt and equity ratios. |
• |
Establish
internal control structure and documentation. |
• |
Services
are tailored based on your needs. |
• |
Does
not require independence for Kollath, CPAs. |
|
| Complete
outsourced accounting |
• |
Once
you have started your company, you will need financial consulting
in order to monitor your company’s progress by providing
a financial scorecard and keeping it in compliance with applicable
laws. |
• |
We
provide a wide range of services, including:
| > |
Processing
financial transactions, such as vendor payables, payroll,
bank account and other reconciliations, receivables
monitoring and cash application. |
| > |
Preparation
of monthly financial statements and management reports. |
| > |
Developing
and implementing internal financial controls and policies. |
> |
Preparation
of financial analyses, including assistance with debt
versus equity decisions. |
| > |
Accounting
research and recommendations. |
| > |
Analyze
and monitor cash flow. |
| > |
Preparation
of financial projections and budgets. |
| > |
Preparation
of income and sales tax returns. |
| > |
Financial
presentations to your Board of Directors and other parties,
as necessary. |
|
• |
Services
are tailored based on your needs. |
• |
Does
not require independence for Kollath, CPAs |
|
| Budgeting
and forecasting |
• |
Assistance
with preparing expense budgets and revenue forecasts to help
manage your business. |
• |
Assistance
with cash flow projections, which enable a business to maximize
cash flow and effectively and economically alleviate cash crunches.
|
• |
Financial
statement forecasts to assist management in decision making;
what if scenarios |
|
| Loaned
staff services |
• |
If
the situation dictates not hiring a full time bookkeeper, mid-level
accounting staff or chief financial officer, we can provide
a reasonably priced alternative. |
• |
If
you have your own internal accounting staff, at times you may
need assistance due to staff turnover, maternity leave, company
growth or other reasons. |
• |
We
can provide the services discussed in Complete Outsourced Accounting
Services above. |
• |
In
addition, we can provide specific financial assistance based
on your needs |
• |
We
can provide your company with knowledge bases ranging from Bookkeepers
to Chief Financial Officers. |
• |
Does
not require independence for Kollath, CPAs. In fact, independence
is compromised, depending on the services provided. |
|
| Accounting
and internal control consulting |
• |
Review
accounting policies and procedures for reasonability. |
• |
Determine
accounting methods for new business situations. |
• |
Review
internal controls, develop documentation and recommend ways
to strengthen internal controls. |
|
| Income
tax services |
• |
Federal
and state income tax return preparation and
signing. |
• |
Federal
and state income tax return review and signing. |
• |
Deferred
and current income tax accrual preparation. |
• |
Federal
and state income tax research. |
|
| General
Financial Consulting |
• |
Analyze
debt versus equity as a means of funding your business growth |
• |
Buy
versus lease analysis |
• |
Analyze
competing investment opportunities to determine the most profitable
alternative |
• |
Analysis
of line of business profitability |
• |
Review
of AM Best BCAR calculation |
• |
Tax
and cash flow projections |
• |
Ratio analysis |
|
| Audit
committee and board member service |
• |
Provide
a financial perspective on your company supported by sound business
acumen. |
• |
Thorough
knowledge of accounting principles and audit requirements provides
a strong base from which to evaluate management and auditors. |
• |
Can
satisfy independent financial expert requirements, if necessary. |
|
| Reinsurance
consulting |
• |
Contract
review and determination of proper accounting in conjunction
with external or internal actuary. |
• |
Schedule
F preparation. |
• |
Bordereau
preparation and remittance. |
• |
Consultation
regarding program design |
• |
Assistance
with negotiation of contracts. |
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Assistance
with preparation of reinsurance underwriting submission. |
|
| Investment
accounting outsourcing |
• |
Enter
transactions monthly or quarterly and prepare entries for your
review. |
• |
Schedule
D preparation for quarterly and annual statements. |
• |
Independent
review and calculation of investment returns. |
|
| Quarterly
and annual statement consulting |
• |
Preparation
of quarterly and annual statement, including submission to regulatory
agencies. |
• |
External
review of statements prior to submission. |
• |
Assistance
with preparation of related filings, such as Insurance Expense
Exhibit, Management Discussion and Analysis, Investment Risk
Interrogatories and Form B & C. |
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