Management Advisory & Consulting
Even the most qualified managers can benefit from competent, objective feedback. We can help your company’s management team develop long-term objectives and specific strategies to facilitate your business’ future growth and success. Due to our diverse client base, we encounter a wide array of financial and tax issues. As a result, we have gained valuable experience over the years in numerous specialized areas, several of which are listed below. We feel our ability to provide such a variety of services reflects our versatility and competency, as well as our dedication to quality client service. Our management advisory and consulting services engagements bring this wealth of knowledge and experience to your business.
GCS provides consulting and advisory services to physicians, dentists, hospitals and other healthcare organizations. For a comprehensive list of the healthcare advisory services we offer, please go to the Physicians & Healthcare Organizations section in the Industries section of this site.
Business Entity Selection
Choosing the form of entity of your business (e.g. “S” corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.
Financial Forecasts and Projections
Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company’s financial goals.
We are familiar with a variety accounting software programs, including MAS 90, Peachtree, Sage, and others. We can assist with the set-up and maintenance of these systems. We are QuickBooks specialists and several of our professionals are Certified QuickBooks Advisors.
Internal Controls Review
We can perform a review of some or all of your company’s internal controls. As a result, we can make recommendations to you to improve cash flows and profitability while reducing the risks of errors and fraud occurring in your business.
Cash Flow and Budgeting Analysis
A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company’s financial condition, estimate financing requirements, and track cash-flow sources and uses.
Key Employee Recruitment
Our extensive knowledge and resources will allow us to assist you with efficiently locating, screening, and interviewing candidates for your top executive and financial positions.
Executive Compensation Arrangements
We can advise you on the design and implementation of executive compensation arrangements that provide for the performance based measurement of results and a compensation program that is tied to those results.
Deferred Compensation Plans
Due to contribution limitations on many qualified retirement plans, a nonqualified deferred compensation plan often serves an excellent supplement to the company’s existing qualified retirement plan, providing for additional compensation to executives and key employees on a deferred basis.
Employee Retirement, Stock Ownership, and Benefit Plans
Qualified retirement and benefit plans can provide significant tax advantages for closely held businesses, self-employed individuals and their employees. An employee stock ownership plan is an excellent vehicle to help retain valuable employees as they buy into the company’s stock over the long-term. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees. We can also advise you on matters of controlling health insurance costs and other benefit costs and offer alternatives to reducing these costs through employee cost-sharing or the use of tax-advantageous plans or other arrangements.
Debt and Financing Services
Debt management and the evaluation of financing options are issues that an experienced professional deals with every day. Let us use our experience to assist you in securing financing for your personal or business needs or consolidating your current debt to a more manageable level.
Business Succession Planning
Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company’s day to day operations. With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.
General Business Consulting
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.
Mergers and Acquisitions
Finding the right business partner for your company can be a difficult task. We can assist you in the merger or acquisition process by assessing such critical elements as tax considerations, product/service compatibility, competitive tactics and position, financial impact, and cash flow considerations.
Sale of a Business
Structuring the sale of a business properly is a critical step in the process of selling a business. Our competent staff has experience to guide you through the sale process by addressing such issues as cash flow analysis and tax considerations.
It is not uncommon for start-up and smaller businesses to require the expertise of a chief financial officer or controller, but often these services are only required on a part-time or per-diem basis. Similarly, larger businesses often find the need for a high-level professional to fulfill a position temporarily or on an emergent project basis. The costs of salary, taxes and benefits associated with hiring a qualified individual in house on a full-time basis are often cost prohibitive. As an alternative, we can design a program to provide your business with the experienced financial personnel it needs, at a cost that is manageable. Not only will we assign a high-level dedicated CPA to your business, but you will also have the additional benefits of the vast resources of our entire firm available to service your business as those needs arise.
CPA Firm Peer Review and Quality Control
As a valuable service to fellow certified public accounting firms, we offer peer reviews under the AICPA’s Practice Monitoring Program, and we also offer quality control consulting services to CPA firms. CPA practice monitoring and maintaining a well developed system of quality control are more important than ever. These can help you get ready for you first ever peer review, get back on track after a less than perfect review, or just keep abreast with the AICPA’s Statements on Quality Control Standards. All CPA firms who perform audits are required to have their quality control system reviewed by another firm. Our services in this area include:
- System Reviews
- Annual Inspection
- Workpaper Reviews
- System of Quality Control Development
- Consulting on Peer Review and Quality Control Issues