At ER8, we believe that industrial, not financial solutions are always to be sought first. Debt financing and silent VC partnerships might sound great, but they are a very slippery slope and can end with someone else owning your business and forcing you out. Since financial maneuvers, both internal and external, can mean the difference between a growing business and a failure, ER8 offers the services below to keep your financial health on track.
- A complete financial review of your bookkeeping to assure that there is nothing amiss that may be keeping you from having enough cash on hand, or from purchasing goods and services that could help your company grow. Are you still paying for things that are not helping you grow? Could your cash be otherwise deployed on things that would better suit your business? Is someone or some entity nefariously draining you of cash? All of these things and more can be found and remedied through our bookkeeping forensics service. This service will look at the following areas of your finances, to determine if you are on track.
TAXATION ANALYSIS - Paying taxes should not be a stressful event, and should never be overlooked. Many businesses fail not because they were unsuccessful, but because they failed to pay their taxes on time or at all. This rarely happens on purpose, but instead happens because the business doesn't know what taxes they should be paying and to whom.
DEBT & CASH FLOW ANALYSIS - Businesses often find that they have to borrow money or seek VC funding because they have failed to keep their debt-to-income ratio in check. Some businesses can afford to have a higher ratios than others. We can help you determine the best plan for your business based on your revenue streams and your comfort level. Getting this under control can allow you to focus on the execution of your business.
PAYROLL ANALYSIS - Payroll costs and payroll taxes can be one of the hardest cash management situations a company can run into. We can analyze your payroll situations and make suggestions as to how to handle paying for personnel.
If necessary ER8 can assist or augment your current bookkeeping staff to eliminate bottlenecks or streamline processes. In a real pinch, ER8 can completely take over your bookkeeping services and keep your engine running on full steam. Specifically, we can assist with:
We are well versed in many accounting software platforms including QuickBooks, so we are primed and ready to hit the ground running.
Paying taxes should not be a stressful event, and should never be overlooked. Many businesses fail not because they were unsuccessful, but because they failed to pay their taxes on time or at all.
GOVERNMENT ASSISTANCE AND GRANT APPLICATIONS
Sometimes the best way to raise working capital or not to borrow or look for VC funding. The best path forward can often be sources of government and private grant funding. ER8 can help you find the best grant opportunities and government funding that may be available free or at a greatly reduced cost to your business.