Tax Advisory Services Michigan, Ann Arbor, Woodhaven

Advisory Services | The Mobile Accountant

Knowing and understanding a clients’ finances, should put an Accountant in a position to offer advice and insight into the most profitable segments of their business and areas where costs may have increased that deserve attention.  This is an aspect of Accounting known as Managerial Accounting.  Compliance is necessary, but Owners/Managers/Operators and Partners also need data to understand what parts of their business offer the biggest return on their money, time, and sweat equity.

In addition, If you’re a start-up that needs help with organizational issues-creating the proper type of entity and operating agreements, I can help.

Product costing is another issue that small manufacturers can often benefit from by having an experienced professional.  This is where a lot of Accountants struggle, because they’ve never been exposed to areas outside their primary training-compliance.  If your Accountant has difficulty using data to suggest operational improvements or anticipate issues before they become problems, it’s unlikely they will be effective in advising their client.  My professional career has given me a unique perspective.  I’m an Advisor because I’ve “lived it.”

Extracting data from QuickBooks and using Excel can highlight aspects of a business that a client was not previously aware of.  Understanding gross profit from various segments of a clients business can prove invaluable toward their understanding in associating direct costs to each revenue stream.  This enables them to understand historical returns as a way of gauging future success in each aspect of their business.

Accounting can be divided into two distinct areas: Financial Accounting involving Compliance and Managerial Accounting-data that Owners/Operators/Managers and Partners need to make informed, intelligent decisions. Which do you need?
Accounting Services
TMA is able to provide expertise in several areas of your business in addition to Accounting and Bookkeeping. We can claim this, because we’ve lived it. We want to gain your trust so we can become your full-service Advisor.
Advisory Services
Bookkeeping is the process of inputting, classifying, error correction and maintaining accounting records. Understated or overstated accounts? QuickBooks Workflow issues? Problems, large or small, simple or complex, TMA can help.
Small businesses will need further clarification on certain aspects of the Tax Cuts and Jobs Act (TCJA) and Accountants and Tax Attorneys will be busy providing guidance for many years to come. Contact TMA for more information regarding tax services.
Tax Services

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The Mobile Accountant

Mike Faremouth, Owner/Principal
Woodhaven, MI.