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  • Business Check Up Will Help Your Company Grow

    September 14, 2018

    Business Check Up Will Help Your Company Grow

    Business Check Up Will Help Your Company Grow

    You should go to the doctor for an annual checkup. Not because you’re sick, but because it’ll help you stay on top of your health and continue to thrive. Waiting until you’re sick will leave you trying to play catch up and you’ll end up losing time at home, work, and more.

    Your business? It’s no different. In corporate America, a healthy business is a lean, highly profitable business. If you wait until you’re experiencing roadblocks that are hindering growth and profitability, you’ll find yourself losing time and money trying to get back to that lean, highly-profitable business. Performing a strategic analysis of your business can help identify any potential troubles you might have coming up so that you can fix them before they put you off course.

    Strategic Analysis Benefits

    Completing a thorough assessment of your company is the best way to get a true overview on the current and future health of your business. In a business check up, you’ll learn if your company is properly positioned for long-term success and if you’re not, the path you need to get you there.

    A thorough analysis is just that, thorough. A business check up will consist of:

    • Analyze your financial data
    • Tour your facilities to evaluate operational performance
    • Interview owners and key management
    • Gain an understanding of your market, transactions, operations, and sales trends
    • Research your customers and competitors
    • Understand and review your pricing strategies
    • And more

    Business Advising Services

    A business check up is a great starting point to find out the health of your company and where it could be. At BIG, we know it’s more than a check up that will determine long-term success for your business. With our experienced CPAs, we have decades of experience in setting short and long-term strategies for businesses of multiple industries and helping them implement a plan for success. A few of the additional services we offer that can help you grow include:

    • Cost & Profitability Analysis to discover what the best pricing models for your business are
    • Forensic Accounting to detect and resolve potential fraud or theft within your company
    • Turn Around Management to work with executives to formulate and implement turnaround initiatives

    Schedule a business check up with BIG today before your business stumbles.

    Contact Us Now for More Information

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  • Business Mentoring By A CPA Can Help Your Business Grow

    August 30, 2018

    Business Mentoring By A CPA Can Help Your Business Grow

    Business Mentoring By A CPA Can Help Your Business Grow

    A Chief Financial Officer can provide financial planning, financial reporting, management of financial risks, and much more. Unfortunately, not every small business has the need or budget for a full-time CFO. But a part-time CFO that allows you to tap into vast business and financial experience when you need it most? That’s what our Business Mentoring is all about.

    Gain access to the tools required for your company to not just survive, but gain long-term prosperity and growth into the future. Business mentoring by an experienced CPA can help your business grow for a fraction of the cost of hiring a CFO.

    Benefits Of Hiring Business Advisors

    Hiring business advisors is more than just a quick Google search and hoping for the best. You’ll want to choose a firm that is known for providing high-quality guidance and assistance with a proven track record of success. Here at BIG, we like to think we fit that bill quite well. With over 25 years of experience, we’ve developed skills to help you:

    • Convert problems into opportunities
    • Turn weaknesses into strengths
    • Transform potential debts into valuable assets

    Business Advisory Services In North Royalton

    For all your business advisory service needs in North Royalton, look no further than BIG. The professionals at BIG have many years of experience with small business owners and many have started their own small business. This provides us with added insight and experience that are invaluable to any business owner. A few of the services we provide to help you grow include:

    • Strategic business planning & consulting
    • Tax consulting
    • Accounting and administrative tasks

    If you’re already an established business that is looking to improve your efficiency at the management level, we also offer a variety of management consulting services to help find hidden assets, overlooked opportunities and underperforming activities.

    Business mentoring can give you access to CFO-level financial guidance without the commitment and salary.

    Contact Us Now for More Information

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  • How To Improve Your Business Cash Flow

    August 15, 2018

    How To Improve Your Business Cash Flow

    Improving Your Business Cash Flow

    How many times have you had a bill due before you got paid? In business, this stems from a cash flow problem. When your payables are due before your receivables come in, you’ll come face to face with cash flow problems.

    By improving your business cash flow, you’ll not only be able to pay your bills on time, but ensure payroll is on time and improve your creditworthiness in the process. While easier said than done, improving your business cash flow is not as difficult as it seems. By following a few key tips, you’ll be able to improve your business cash flow so that you can pay your expenses, invest in, and grow your business.

    Business Strategy Tips

    Improving your business cash flow should be an ongoing process. There are countless business strategy tips out there that offer help, but we’ve narrowed it down to three so that you can get started right away.

    • Be wary of extending credit. Extending credit to your customers is a great way to secure additional business, but be careful who you extend it to. Make sure to conduct credit checks beforehand and look for late payments. You can be sure that if they make late payments to other lenders, they’ll probably do the same to you.
    • Develop a relationship with your suppliers and creditors. This opens up several possibilities. You can negotiate longer payment terms, discounts on bulk orders, and discounts if you pay early.
    • Create a backup plan. As much as we’d like to plan for everything, unexpected surprises always show up. Whether it be an unexpected bill or repair, having a rainy day fund can help.

    CPA Services In North Royalton

    These business strategy tips will help you start improving cash flow right away, but that’s just the beginning. Here at BIG, we know the ins and outs of what makes a business successful. With CPA services tailored to help you succeed, BIG offers:

    • Business mentoring to help you convert problems into opportunities
    • Strategic business planning & consulting to create sustainable long-term goals
    • Tax consulting to help minimize your tax obligation

    Let BIG guide you through every step on your way to success.

    Managing business cash flow sets your business up for success and BIG can help you get there.

    Contact Us Now for More Information

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  • Forensic Audit Uncovers Fraud & Embezzlement In Businesses

    July 30, 2018

    Forensic Audit Uncovers Fraud & Embezzlement In Businesses

    Forensic Audit Uncovers Fraud & Embezzlement In Businesses

    When an employee notices fraud and embezzlement within a company, it’s usually too late. Funds have been moved elsewhere and those funds can’t always be recovered. Fortunately, with forensic audit, not only do your chances of recovering the money increase, you could actually catch it fairly early.

    We’d like to think that we can trust all of our employees, but that’s not always the case. When companies do not have proper controls in place and rely heavily on their employees, your company’s assets are exposed. So what exactly happens during a forensic audit?

    Forensic Accounting Procedures & Benefits

    Forensic accounting is used to analyze financial information to detect fraud or embezzlement. When done properly, it can provide several benefits that include solving financial crimes, keeping professionals accountable, and detecting financial anomalies.

    Forensic accounting procedures vary from case to case, but follow a few similar steps such as:

    • Performing an initial investigation
    • Developing an action plan
    • Obtaining evidence and performing the analysis

    The actual analysis will range greatly depending on the issue but could involve calculating damages, tracing stolen assets, and using charts and graphics to further explain their findings.

    CPA Services For Smart Strategies

    Fraud and embezzlement aren’t the only issues a business can face. CPA services can also be used to learn if you’re pricing models are profitable, filling in C-level gaps during times of need, and raising new capital for expansions or improvements.

    At BIG, we take pride in our work. Some of our more popular CPA services that can help you grow include:

    • Business Check-up
    • Cost & Profitability Analysis
    • Strategic Loan Partnership Services

    No matter your accounting need, BIG has a service that can get your business from point A to point B.

    Forensic accounting can be used to uncover fraud and embezzlement before it’s too late.

    Contact Us Now for More Information

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  • Elder Care Planning During Terminal Illness

    July 15, 2018

    Elder Care Planning During Terminal Illness

    Elder Care Planning During Terminal Illness

    When a loved one is diagnosed with a terminal condition, elder planning is the last thing on your mind. Instead of wondering what’ll happen to your mom’s house, you’re more concerned with her health. However, without proper elder care planning, you’re bound to fall into financial trouble that will only make the situation worse.

    Designing a plan is easier than you think. With proper elder care planning, you can spend the time with your loved ones knowing that finances are in order no matter what happens. While there are a list of services you could look into, estate planning should be at the top.

    Estate Planning Review

    In the unfortunate chance that a loved one passes away, what happens to their estate? Most families overlook this and find themselves digging themselves out of a hole while they’re grieving the loss of their loved one.

    With an estate planning review, we’ll work together to create a will that clearly explains distribution of the estate assets. If this is skipped or overlooked, they’ll be distributed as per state law which can lead to a bigger headache. An estate planning review will cover such things as:

    • Do you have long-term care insurance? This can be used to protect assets and provide better care options.
    • Do your current documents authorize a loved one to protect your assets from healthcare providers?
    • Do you have IRAs that are set to go to beneficiaries?

    Financial Planning Services

    Estate planning is just the tip of the iceberg. Depending on how far out you are planning, financial planning can exist in a variety of services. A few of the most common include:

    • Cash Flow Planning & Budgeting
    • Retirement Health Care
    • Tax Planning

    Whether you are planning for three months or ten years, BIG can help you make your assets last as long as they need to. Loved ones should spend their remaining time enjoying life, not worrying about if they’re able to afford it.

    Elder care planning during a terminal illness is never easy, but planning ahead can allow you to spend more time with loved ones and less time worrying about finances.

    Contact Us Now for More Information

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  • How To Avoid Business Cash Flow Trouble

    June 30, 2018

    How To Avoid Business Cash Flow Trouble

    How To Avoid Business Cash Flow Trouble

    Cash flow trouble is more than just an inconvenience. When your business has cash flow trouble, the effect can wreak havoc on more than just your finances. You could miss opportunities, establish poor relationships with both suppliers and customers, and even go out of business.

    If you have business cash flow trouble now, you already recognize these signs. The stress is constant and employee morale is probably suffering. Getting your business’ cash flow back where it needs to be isn’t an impossible task. A few tweaks to the way you manage cash flow will go a long way. Getting started is easier than you might’ve thought.

    Cash Flow Tips

    To get out of cash flow trouble, getting a better handle on managing your cash flow is essential. While it’s easier said than done, following these tips can get you on the road towards towards a brighter financial future.

    • Cut out the extras. That new machine model or software version can be tempting. Unless you absolutely need it, just skip it. Stick to the essentials until you get a positive cash flow.
    • Check weekly. Looking over your finances at the end of the month isn’t going to cut it. Keep an eye on it weekly and constantly look for ways to improve cash flow.
    • Hire better employees. They might cost a little more hourly, but a highly skilled worker can take on the work that two average workers could.

    BIG: The Leading North Royalton Accounting Services

    Eliminating cash flow trouble is just part of the financial picture that companies have to worry about. BIG is dedicated to helping you tackle the rest. We have the best CPAs in the area and we’re proud of it. We provide a variety of accounting services to help your business not only maintain a positive cash flow, but thrive for the years to come. A few additional services we offer to help your business grow are:

    • Business Mentoring
    • Business Financing
    • Tax Consulting & Tax Return Filings

    Cash flow trouble doesn’t have to be the end. Let BIG help get your business back on track.

    Contact Us Now for More Information

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  • Financial Planning For Living Longer

    June 15, 2018

    Financial Planning For Living Longer

    Financial Planning For Living Longer

    Nearly half of families have no retirement account savings. That fact, courtesy of the Economic Policy Institute, just tells part of the story. Those families that do have money tucked away is far less than they need to retire. Roughly 35% of adults in the U.S. only have a few hundred dollars in their accounts, while another 34% are living paycheck to paycheck.

    Fortunately, it’s never too late to start planning for retirement. The more time you have is better, but professional financial planning may be the key you need to get your retirement savings on track. A qualified CPA can not only help you get started with retirement planning, but can help maximize the money you do put away.

    CPA Retirement Planning Benefits

    How much money should you be putting away each payday? Which is the best financial instrument to use? Do my contributions need to change over time? These are all great questions that a CPA can answer to help you make the most out of your retirement planning. Using a CPA for your retirement planning has a host of additional benefits including:

    • Creating strategies to keep and grow your retirement account balance
    • Developing a backup plan to cover unpredictable and unfortunate events
    • Identifying expenses that could occur during retirement and create a plan to eliminate any shortage in income

    Financial Services So You Don’t Outlive Your Savings

    Retirement is the time to relax and enjoy yourself after decades of work. Unfortunately, many Americans aren’t prepared financially for retirement and end up working far longer than they intend. Regardless of your age, seeking financial services now is a great first step to make sure that you don’t outlive your savings. In addition to retirement planning, a CPA can also help with:

    • Elder planning to ensure comfort and peace as you age
    • Estate planning to ease estate transitions
    • Education planning for future generations

    It’s never too late to start planning for retirement. Get started by contacting BIG today.

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  • How A CPA Firm Can Help Grow Your Business

    May 30, 2018

    How A CPA Firm Can Help Grow Your Business

    How A CPA Firm Can Help Grow Your Business

    Should you upgrade that software for your business? How about that potential new hire that promises to increase revenue? These questions come up on a regular basis and without a plan in place, you’re flying blind with your finances. By not managing your money properly, you’re setting yourself and your business up for failure.

    Investing in a CPA Firm can help eliminate these problems. Imagine them as high-powered finance glasses for your business. A good CPA firm can do everything from setting up and advising on essential systems like payroll and expense tracking to in-depth cost-benefit analysis to decide what to invest in. Why are these important? Let’s take a deeper dive.

    Why Cost-Benefit Analysis?

    A cost-benefit analysis needs to be performed on most major purchases. A proper cost-benefit analysis can help your team determine the pros and cons of a potential investment and, based on the weight that is given to each point, can help you determine if the cost or the benefit is more substantial. To make the most of this exercise, here are a few things you need to know:

    • Make an exhaustive list. It’s better to have too many costs and benefits than not have enough. You can also omit some of them if needed.
    • Estimated value is difficult to put on a benefit. Cost can be measured in cash most of the time, but benefits can be tricky. Take the extra time on this and come up with your best estimate of the value of the benefit.
    • In the end, focus on the big wins that can help the most people.

    Accounting Services For Business

    Cost-benefit analysis are a crucial element to making financial decisions that will benefit your business long-term. This is only the tip of the iceberg when it comes to creating a financially-sound strategy though. At BIG, we can help fill in the rest with accounting services tailored specifically to what you need. Whether you are a budding start-up or an established business, we can help. A few of the services we provide include:

    • Payroll setup
    • Tax advice
    • Administrative tasks

    A proven CPA firm can help grow your business through tools such as a cost-benefit analysis to various accounting services that keep your finances in check.

    Contact Us Now for More Information

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  • Best Financial Advice You’re Not Doing But You Should.

    May 15, 2018

    best financial advice

    Best Financial Advice You're Not Doing But You Should

    What if I told you that you’d have to sell your house by the end of the year and take a big pay cut next month? This is the unfortunate truth that many retirees face because they’ve spent their entire life living paycheck to paycheck. Once that steady income stops, the trouble starts.

    Social Security only pays out a fraction of what they’d make during their career and they are forced to sell their home and live on a fraction of they used to. Are you part of the majority that lives paycheck to paycheck? Do you want to avoid being broke when you when retire? Gaining financial independence needs to be a top priority to make sure you can retire with peace of mind. So, how do you get started? The path to financial independence is a lifelong pursuit, but living below your means and seeking out a financial planner are some of the best financial advice you’ll ever receive to get started.

    How Living Below Your Means Will Gain Financial Independence

    People tend to spend exactly what they make. They get a raise, they raise their standard of living to make up the difference. Whether they make $100 or $1000 a day, most will find a way to spend all of it. To become truly financially independent, you need to consistently live below your means. Avoid the trap of spending all of your paycheck and try one of the following approaches to make sure you keep more of your money:

    • Set aside a specific percentage of your paycheck to automatically go to savings. That way when you your income increases, so will your savings contributions.
    • Don't upgrade if you don't need it. Want that new phone? New car? Take a hard pass if your current option still works.
    • Stop eating out. It's perfectly normal to want to go out to a restaurant to celebrate an accomplishment. But don't overdo it by keeping up that dining out streak. Eat at home and you'll be amazed how much you'll save.

    Do I Need A Financial Planner? YES!

    What financial goals do you have? Do you have money set aside for an emergency? Are you contributing to the right type of retirement account for your needs? These are all questions that you’ll need answers to if you want to maximize your financial independence.

    Financial planners can help answer these questions for you as well as establish a plan for your financial needs. At BIG, our financial planners can help you:

    Determine short and long-term goals based on lifestyle and income
    Choose the best investment account for your needs
    Create a financial plan from scratch to start your path towards financial independence


    Achieving financial independence is possible regardless of where you’re at now. At BIG, our goal is to help you get there faster.

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  • Professional Accounting Costs Less Than Doing It Yourself

    April 30, 2018

    Professional Accounting Costs Less Than Doing It Yourself

    Are you planning doing your own accounting this year? You’re probably giving away more money than you should. Doing your own accounting may seem like the cheapest option, but hiring a professional accounting service will actually cost less. One of the biggest mistakes both individuals and small businesses make is to take on their own accounting. This can lead to a lot of missed opportunities and deductions. You’re also more likely to make a mistake that could lead to further problems. By taking advantage of accounting services, you’ll have access to tax consulting, accounting analysis, and several other services that can save you thousands.

    Tax Consulting

    Tax consulting can help minimize several pain points you’d experience by doing your accounting yourself. Expert accountants can help create long-term tax strategies as well as filing all required tax returns, business, personal, employer, sales tax, and CAT forms. Tax consulting is more than just filing the paperwork for you. We’ll also work with you and teach you:

    • How to properly expense items
    • How to legally minimize your tax obligation
    • How to implement proactive tax reduction strategies

    Contact Us Now for More Information

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