Business Services
At FXBG Accounting & Advisory, we take a holistic approach to provide you with the tools you need to be successful. Understanding that each business is unique, we will develop a strategy that includes a collection of services that align with your goals.
Learn about what makes the most sense for your business.
Engagement Phase One: Upfront Advisory
To kick off your engagement, we will begin with Upfront Advisory Services to ensure you are set up for success.
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We will determine which entity structure aligns with your goals, manage the transition, and educate you on the following topics specific to your entity structure.
Tax savings opportunities
Compliance
Owner compensation and distributions
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We will analyze your books to identify opportunities for greater efficiency, implement our recommended changes, and train you on the following topics.
Monthly bank reconciliation process
Set up and use of rules to enhance efficiency
Review and acceptance of bank feeds
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We will manage the first crucial steps to establishing your business and educate you on what you need to know as a new business owner.
County and state registration
Record retention policies and procedures
Personal auto reimbursement methods
How We’ll Deliver: One-on-one training sessions for each topic with materials tailored to your situation that you can reference as we guide you through implementation.
Engagement Phase Two: Maintenance
After we deliver your upfront advisory services and incorporate the foundational changes, we will initiate the services required to maintain your business.
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Partnership and corporation income tax
Sales and use tax
Business license tax
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Payroll processing
Payroll tax compliance and reporting
W-2, W-3 and 1099 processing
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Transaction entry
Bank reconciliations
Financial statement preparation
How We’ll Deliver: We’ll provide guidance on the services appropriate for your unique situation and manage the implementation to ensure you can remain focused on your craft.
Engagement Phase Three: Ongoing Advisory
Once we’ve launched your Maintenance Services, we’ll kick off your Ongoing Advisory, which is centered around connecting with you throughout the year.
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Provide feedback based on an analysis of your books and financial statements
Identify tax efficiencies and communicate tax savings strategies
Advise on your goals and plans for growth
Communicate opportunities to better capture transactions
Address your questions regarding your finances
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Large asset purchases and planning
Bookkeeping and accounting questions
Tax impacts of business decisions
IRS notices and response
How We’ll Deliver: We’ll perform an analysis of your financials several times per year and hold touchpoints with you to provide guidance on how to achieve your goals.
Outsourced CFO and
New Business Formation
Outsourced CFO
We understand managing finances can be a daunting and time-consuming task, especially as your business expands. But you don't have to face this challenge alone.
Our Outsourced CFO package is designed for the business owner looking to transition all accounting activities to an experienced professional. By managing your accounting from start to finish, we can ensure that your business is running efficiently and effectively.
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Accounts Receivable Management
Accounts Payable Management
Sales and Use Tax Reporting
Transaction Entry and Account Reconciliation
Month End Closing and Reporting
Monthly Review Meeting
Training and Management of Accounting Staff
Cash Flow Forecasting & Budgeting
Upfront and Ongoing Advisory
Maintenance
How We’ll Deliver: Similar to other business services, we will begin with Upfront Advisory. Once completed, we’ll initiate set up of your Maintenance Services and establish a monthly touchpoint with you.
New Business Formation
We understand the challenges of starting a new business and the importance of getting it right. Let us help you build the foundation for a successful business.
We have a collection of services designed to guide you through the complex and exciting process of starting your business. Our support includes implementation, as well as advisory to ensure you have the knowledge to drive your business forward.
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Entity Structure Planning
Business Creation Guidance
Federal and State Compliance
Operations & Documentation Procedures
Business Account Set Up
Accounting System Set Up
Upfront and Ongoing Advisory
Maintenance Services
How We’ll Deliver: We will lead one-on-one sessions with you to educate on all essential topics before we begin implementation and set up. Once we’ve outlined all steps, we’ll work with you to put everything in place.