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Industry Specialty - Distribution
and Wholesale
Typical Client
- Import and Export business
- These are usually closely held business or family
business.
- They spend only limited resources in accounting and
financial reporting.
Hot issues
- Choice of business entities - This has tax impact on
income generated by these professionals. Each case might be slightly
different but whether they should carry on business as a proprietor,
partnership or corporation.
- Tax and retirement planning
- Succession planning
- Proper system for inventory control, billing and
receivable, and financial reporting.
Services
In order to address the needs of our clients in this
field, these are some of the services that we offer to them:
- Tax planning on choice of business entities to
minimize the tax bite.
- Retirement and financial planning so to make sure
that the clients are fully aware of all tax-deferral mechanism to build up
their portfolio for future investment and retirement. This will also
include succession planning for these clients.
- Setting up or reviewing financial infrastructure to
make sure that the clients have enough controls and procedures in place for
proper recording of transactions
- Set up proper accounting
systems for order entry, inventory control and financial reporting.
- Our Remote Review
service usually fits well with clients who just starts their practices or
have an in-house bookkeeper to handle the daily transactions..
- Our Controller Service
is ideal for those who have a few professionals and we can take care of all
the books and records including billing and collection. In this case,
usually the professionals are more interested in spending their time to grow
their practice and they want to leave the books and records to someone like
us that they can trust.
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