Other Business Services

Business Plan Preparation

If you are someone who’s looking for a solid business plan that’ll grab the attention of potential investors and if you are too busy or confused to chalk out a well-designed business plan, we’re the right match for you!

Having gained years of experience working in collaboration with the top players in the industry, we are adept at crafting out business plans that’ll always get funded. Our expert and dedicated professionals will help you boost your sales, revenue, and cash projections by applying a mix of technical and analytical tools, which are of course enriched by their knowledge. By approaching your business operations in such a way, we’ll help you identify the weak areas and also the potential threats that may hinder your business strategies. We combine a unique amalgamation of innovative technologies, human capital, and flexible market strategies to draft actionable and realistic business plans that always appeal to venture capitalists and investors.

Business Valuation

There may arise a number of situations where you may find the need to discover the market value of your business. While buying and selling of businesses are the most common reasons, estate planning, reorganization, and verification of your market worth for business loans are other reasons. A business valuation can be approached by three different techniques - income approach, market approach and asset approach.

Finding the accurate market value of a business is more complicated than it seems. One has to consider various factors ranging from the company account ledgers to the intangible components such as shares or bonds. In other words, a company’s valuation is determined by its ability to bring in consistent profits. In the process of business valuation, vital financial, tax, and economic data are minutely analyzed and reviewed to determine the worth of a business.

By choosing us as your trusted professional agent, you will not only get to know you’re worth and relevance in the industry, but you will also get valuable insights into the core aspects of your business.

Here is our range of business valuation services:

• Valuation Consultations
• Limited or Full Valuation Reports
• Related assistance with the Valuation of closely held businesses in a variety of situations
• Expert testimony in court proceedings
• Assistance in negotiating and analyzing Merger or Acquisition details
• Resolving shareholder disputes

Compliance & Due Diligence Services

In today’s dynamic business ecosystem, companies are required to have a strong corporate governance policy to remain on the top ladder of the chain. Moreover, regulatory compliance norms and laws as the PATRIOT Act, FDICIA, and Sarbanes-Oxley, the resources of both the public and private organizations are now being re-allocated to encourage timely compliance.

Our team of skilled professionals comes equipped with all the requisite tools and knowledge necessary to accomplish compliance standards for your organization. Whether you require a full-fledged compliance program or need modifications in an existing project, we’re there for you. Our Due Diligence program is one-of-a-kind tool designed to critically analyze your business strategies before you take major business decisions or plans such as acquisitions or mergers. We perform an all-comprehensive investigation of your business including financial audit and internal audit to identify any loopholes in the infrastructure.

With our Due Diligence program business owners can get accurate and reliable information on business operations and deals, so that they can make informed decisions, without having to spend a ton of money!

Operations Management

A business can only be successful when all its operational, managerial, and technical aspects are aligned in a structured manner that facilitates the smooth flow of all business processes. Running a business successfully while maintaining harmony between all the crucial components of business is easier said than done.

We can help you manage this seemingly impossible task. Our team not only has extensive knowledge of business processes, we also have years of experience to back our solutions. Equipped with the latest technical and analytical tools, our business experts can quickly assess and identify the major obstacles and challenges within your infrastructure and thereby, chalk out solutions to bridge those gaps. Using a risk-based approach, we will help eliminate all the potential risks that can harm your business while helping you develop a strong corporate governance standard in your organization.

Our goal is to help you accomplish your long-term goals by improving your operational management techniques which in turn will enhance your company performance in the long run. Our services in this field are:

• Organizational Effectiveness Best-Practice Initiatives
• Productivity and Quality Performance Improvement
• Business Process Improvement/Reengineering
• Production Innovation and Inventory Management
• Facilities Planning and Design
• Product and Service Costing
• Streamlining and Reducing Operational Cost

Business Entity Planning

Before starting a business, it is essential to decide what kind of business entity you want to create such as corporations, partnerships, LLCs, or sole proprietorship. No matter which entity you choose to be, each comes with its distinct tax implications, legal protection rights, and other perks/risks. With so many things to consider, it is easy to get baffled, but don’t worry - we’ve got your back!

Our firm offers a host of planning and assistance services to established companies as well as startups. We promise to be with you throughout your journey - from making business plans to preparing your tax file, we’ll do it all. Furthermore, we also provide realistic and actionable advice related to your company’s tax strategy and business strategy so that you may never falter.

Our helping hand extends to help you:

• Prepare an initial business plan to streamline marketing, management, and financial strategies.
• Determine your start-up capital needs.
• Identify potential funding sources.
• Evaluate and quantify your borrowing power.
• Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability, if ever you need to relocate.
• Select the right accounting software by evaluating your budgetary needs.
• Prepare a cash flow budget.
• Establish billing and collection procedures to maximize cash flow.
• Establish efficient procedures to monitor and control costs.
• Prepare and file all required state/local licenses and permits.
• Create a well-designed partnership agreement, which will keep financial and emotional turmoil at bay

Business Performance Management

Sustaining and maintaining a consistent cash-flow is one of the biggest challenges every growing business faces. While adequate capital is required to keep the business operations running smoothly, increased inventory costs, accounts receivable, cost of sales, and depreciation costs continue to drain your financial reserves. Proper cash-flow management can avoid this.

We can help companies analyze their growth, marketing, and sales strategies and provide valued-based solutions to enhance them to promote the overall business efficiency. By diving into your company data, we can offer insightful projections which can help you to devise business plans accordingly. Our trained professionals can also draft personalized budget plans for your company based on your expenses and accounting needs. This way, we’ll help you save a lot of money while boosting your sales and revenue to a great extent. So, you’ll never have a shortage of cash!

Here’s how we’ll enhance your business performance:

• Establishing fundamentally sound assumptions and policies.
• Developing realistic and credible forecasts and projections.
• Analyzing the potential impact of future transactions.
• Providing independent feedback on forecasts and projections.
• Offering insightful business projections.

Bankruptcy Consulting and Valuation

Often, companies tend to keep valuation and bankruptcy concerns at the lowest rung of importance. What most companies don’t realize is that bankruptcy consulting and valuation is extremely pivotal in matters related to solvency, compliance, and indebtedness, as dictated by the current income tax statutes. In keeping with the income tax compliance standards and norms, business valuations must be prepared in both traditional as well as bankruptcy scenario. Furthermore, “premise of value” is another challenge pertaining to bankruptcy valuation. Although most company valuations hold a “going concern” premise of value, jurisdictional precedents have the power of declaring a liquidation value as the correct premise of value.

Given the complexities and intricacies of the matters of bankruptcy and solvency, it is best that you take the help of experienced and expert professionals. We can be your trusted advisor in bankruptcy consulting and valuation. Here are the services that we offer:

• Restructuring strategy development and workout plan feasibility analysis.
• Design and implementation of spin-off strategies.
• Fairness assessment of offers to buy or sell the company or its assets.
• Identification and quantification of reports and analyses for fraudulent conveyances.
• Review of opposing expert's reports and analyses for proper application of technical guidance and conceptual propriety.

International Transfer Pricing

Transfer price is the price at which divisions of a company carry out transactions among each other. This includes the trade of supplies of labor between the departments. Transfer prices are used when a firm is treated and measured as a separately run entity. These prices are also known as transfer costs.

The tax rules that govern transfer prices are often complex, and the governments are also proactive in scruitinizing transfer pricing practices and policies. Government audits of these transfer cost activities can be extremely stressful as well as time consuming, and the penalties that you might have to incur for running afoul of these transfer pricing rules can be significant.

At MyTaxFiler, we help you minimize your tax liability. Our International Transfer Pricing professionals help you develop transfer pricing policies that definitely maximize the potential for increasing your income after-tax. We also ensure to minimize the likelihood that you or your firm will be subject to tax penalties or adjustments.

We help you allign your transfer pricing policy with your goals by:

• Designing tax-optimized business models.
• Obtaining advance pricing agreement and tax rulings.
• Drafting transfer price documentation.
• Assisting in tax audits.