As a business owner, you face important financial decisions. From minimizing taxes to setting up business processes and choosing the right software, the choices can be overwhelming. That’s why you need a trusted business advisor like L&Y Tax Advisors, LLC.
With our Business Advisory Services and CFO Advisory Services, we provide personalized guidance to turn your vision into a profitable business. We help you limit tax liabilities and manage your finances effectively. our team sets up accurate bookkeeping systems, so you always have a clear picture of your financial standing. Trust L&Y Tax Advisors, LLC to be your reliable partner in making informed decisions for your business. Let us help you succeed in the complex world of business finance.
Our Business Advisory services also design a tax strategy that aligns with your long-term business goals and allows you to keep more of your profits.
When you reach out to us for guidance, we'll become your financial partner for the life of your business. As your business develops, we'll adapt our tax, bookkeeping and advisory services to encompass your changing needs and provide sound advice to direct you down the right financial path.
We tailor our services to your specific needs, providing you with ongoing proactive tax planning strategies, review of your books, tax, and compliance reporting, help with bank and credit card reconciliations, financial statements preparation and help with QuickBooks and professional bookkeeping services.
We educate you on how to read your financials, about business best practices, about the tax implications of your business decisions, so that you avoid potential tax traps that you might not be aware of.
We will enhance your business with strategic business decisions that in align with your goals. Additionally, we will assist with the following:
CFOs must proactively incorporate strong risk policies and compliance methods into their financial operations. This entails strengthening internal controls to reduce operational and monetary risks, improving audit preparation through ongoing monitoring, and coordinating financial controls with new legislation.
The finance department becomes the primary source of business risk insight by implementing scenario-based stress testing and real-time compliance dashboards.
In addition to protecting against legislative vulnerability, this approach increases the finance leader’s strategic impact across all business areas by empowering CFOs to advise the board and executive team confidently.
Read: What is a threshold in business?
As businesses expand, CFOs are becoming increasingly important contacts for lenders, investors, and strategic partners. Building stakeholder confidence and obtaining long-term financing opportunities requires bolstering investor relations through:
Creating a thorough CFO succession plan includes:
By creating this plan, the company may sustain momentum and credibility amid leadership changes, improve organizational resilience, and guarantee continuity of financial management.
CFO advisory is past spreadsheets, but it is incorporating automation and data implementations to grow with your business. L&Y Tax Advisors ensures that the errors of manual processing are minimized and that the closing month-end cycles are shortened through the implementation of cloud accounting, built-in ERP links, automated AR/AP processes, and instant KPI dashboards. We create rolling forecasts and scenario models to enable you to test pricing, cash-flow shocks, or capital raises prior to their occurrence.
Alerts are automated to identify transactions that are out-of-character and accounts payable to enhance collections and working capital. In the case of expanding firms, this technology-based first model builds repeatable systems, eases audits, and boosts investor and lender trust with periodic and verifiable statements. We also offer practical training and documentation so that your employees can own the systems rather than simply depend on the consultants to ensure that it remains resilient and flexible as long as your business needs to be. Also, read more about “What is CFO services?” here!