FULL-SERVICE ACCOUNTING & TAX SUPPORT
Every business needs a sound financial foundation to be successful. Parker Business Consulting & Accounting, P.C. in Knoxville, Tennessee, offers a wide range of accounting support and services, ranging from reviewed financial statements to ensuring state and federal tax compliance and planning. Our firm prides itself on being able to offer our clients personalized services to meet all of their accounting and tax support needs. We are also able to work with businesses of all sizes. From small businesses to major enterprises, our skilled staff understands the unique needs and concerns that your business may face.
The benefits of hiring an external accountant are many.
- They save you time by ensuring that your finances are in order. This allows you to focus on what you do best – running and growing your business to improve profitability. Our account support professionals will make sure that you received sound advice and that you meet all of your filing and reporting deadlines. Without having to worry about the state of your financial documents, you can concentrate on simply running your business.
- They can remove the stress and uncertainty that you may have when you complete the accounting tasks yourself. Accounting is a highly specialized field, with a lot of official forms and deadlines. If you are unfamiliar with them, these processes can be incredibly daunting. Having a professional ensures everything is completed on time and correctly.
- Working with professional accountants and tax support specialists can actually save you money in the long-run. Without their expertise, many businesses are unaware of the spectrum of tax benefits that are available to them – meaning they are losing money year after year. Professionals can work to reduce your overall tax liability. In addition to this, when some forms are filed incorrectly, with errors, or after a deadline has lapsed, it can incur a fine for the business. Working with a professional is the best way to avoid these unnecessary expenses.
- They can help you to grow your business and expand your network. Accountants and tax professionals can also help open doors to other professionals outside of your industry, expanding your professional network. These linkages, combined with the financial wisdom available, are especially valuable as you make strategic plans for the growth of your business.
- Accountants can provide sound financial advice to ensure that you are making the best possible decisions with all of the information available. They are often knowledgeable about industry trends and overall financial reports. This information plays a key role in developing a business strategy for the future of your company.
- They can keep you organized. Accountants excel at taking large amounts of data and structuring it properly and accurately. This includes operational data, such as payroll and budgets, as well as financial data such as loans and investments.
Parker Business Consulting & Accounting, P.C. can help your business realize the full potential of having access to top-notch accounting wisdom. Our expertise can help your business operate more smoothly and strategically. Whether you are just starting or have an established business, count on us to keep a detailed record of your finances.
FINANCIAL FORENSICS FOR SAFE TRANSACTIONS
Dishonesty and theft are increasing concerns in today’s business world. Financial forensics is used to identify and confirm problems as well as gather evidence necessary to achieve resolution. Financial forensic research and be used to prevent or discover many criminal activities, such as embezzlement, securities or bankruptcy fraud, executive misconduct, and employee theft. Our skilled staff can assist with any of your financial forensics needs discreetly and professionally.
COMPILED, REVIEWED & PERSONAL FINANCIAL STATEMENTS
These traditional services provide you with the financial statements necessary for company licensing and banking-related or other third-party needs. Professional evaluation of these statements can provide objective insights to help make better decisions currently and develop a more comprehensive strategic plan for the future.
INTERNAL ACCOUNTING
Proper and accurate accounting processes are the foundation for business operations and good decision-making. A major focus of our comprehensive services is to help ensure your financial operations are in proper order. Our internal accounting support services enable you to access a wide range of services, and our skilled team members can work with your existing staff, no matter what their current skill level is. We are able to bring practical experience in helping businesses manage the finances. We take our role as an advisor and partner very seriously, which helps our clients flourish and succeed.
CUSTOM FINANCIAL REPORTS
No other business is exactly like yours – we understand that. And while we are often well-versed in the standard practices in many industries, we also understand that sometimes customization is necessary. Whether it be for reporting purposes or because you need a specific data set for decision-making, we can work with you to map out a plan to create an accurate report for you on-time. Our team can design and implement financial reports that fit your specific needs and make them understandable and helpful for assessing performance.
OVERSIGHT & TRAINING
Our assistance in overseeing and training your internal accounting staff can save you considerable time and relieve the burden and uncertainty of your accounting tasks. We offer on-going training and accounting oversight as needed by your company with flexible scheduling to accommodate your workday. Our trained professionals can work to develop the skill of your staff, no matter what their current level of understanding is.
FEDERAL & STATE TAX PLANNING & PREPARATION
Taxes have a major impact on the profitability of your company. Tax planning is more than just tax preparation – it can eliminate surprises and help minimize your tax obligation. We offer planning for partnerships, corporations, estates, gifts, trusts, and individuals. Our skilled tax support professionals can work with you to ensure that you are taking advantage of every available tax benefit that may be offered to your company. Frequently, this translates into substantial increases to profitability.
COMPLIANCE
Today’s businesses face tremendous and growing compliance requirements, ranging from licensing, tax, and a variety of reporting requirements. Compliance processes can become even more complex when your company operates in multiple countries or jurisdictions. Yet, experience shows that successful entities are diligent in maintaining compliance across all levels. Schedule a consultation today to ensure that your company satisfies all municipal, state, and federal requirements.