Breakdown of Services - Rodney C. Wilson CPA

Rodney C. Wilson, CPA believes in providing you with as many resources as possible. This is a full breakdown chart of our services and specialties like taxes, accounting, and business development. Guiding you to work ON your business, not IN it!

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LEVEL ONE - Tax Filings & Basic Financial Statements

Professional assistance to help you run your business and comply with tax laws and banking requirements. Services include tax returns, financial statements, depreciation schedules and pension plan assistance to complete bookkeeping packages with all data entry performed by our team. Also included is an annual meeting with Rodney.

LEVEL TWO - Management Accounting & Planning

Gain control and direction in your business and personal financial matters. We help you prepare budgets for profit planning purposes. We actively assist you in interpreting your periodic reports that monitor key performance indicators that apply to critical areas of your business. Working with you monthly on these, we complete a comprehensive review of your operating plan every quarter.

LEVEL THREE - Business Development & Growth

Grow your business for financial independence and peace of mind. We perform a detailed personal financial analysis and planning consultation, and an activity-based costing and/or management assessment of your customer base and business processes. You will receive a complete analysis of the strengths, weaknesses, opportunities and threats in your business. We guide you through a 12-24 month business development program designed to increase company profits and entity value, and build less reliance on the owner’s daily input.

LEVEL FOUR - Special Projects

Take advantage of our specialized services to help solve other common problems that your business may face. Special projects include accounting system upgrades, business startup services, business transaction planning and other special situations where we can help improve the performance or profitability of your business.

Level 1
1	Telephone or e-mail assistance to your current bookkeeper or financial officer maintaining your accounting system. Provide telephone or e-mail support on recording of unusual accounting transactions to help reduce year-end reconciliation of accounts. We may record or accumulate phone conference assistance.
2	Prepare compiled (unaudited) financial statements. Notes to the financial statements will be (circle one) omitted / limited / full. Provide adjusted journal entries (AJEs) as may be required and/or instruct personnel on AJEs. List separately any specifics.
3	Prepare reviewed (unaudited) financial statements with full notes to the financial statements, as may be required for bank loan covenants. A separate review agreement letter is required, as is a management representation letter.
4	Prepare annual income or corporation tax returns for a sole trader, partnership, or limited company. Prepare reconciliation of accounts profit to taxable income. Please list entity names if there is more than one company:
5	Maintain fixed asset depreciation schedule, updating of client-provided additions and deletions.
6	Prepare monthly / quarterly / annual sales tax reports.
7	Limited annual pension plan assistance in calculating contributions or coordinating information to third party administrator. This excludes annual tax returns and participant statements, or accounting that should be prepared by a third party administration.
8	Preparation of payroll checks on a weekly / bi-weekly / semimonthly / monthly basis.
9	Prepare payroll tax deposits on weekly / bi-weekly / monthly basis.
10	Prepare payroll tax reports quarterly and year end reports such as W-2's and W-3.
11	Preparation of 1099's and 1096 at year end.
12	QuickBooks setup on your system.
13	QuickBooks file repair. This is ideal if you have been using QuickBooks without support. We make all necessary corrections to bring your file up to date.
14	Maintaining accounts receivable for your business including preparing and sending invoices and making deposits.
15	Maintaining accounts payable for your business including check preparation.

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Level 2
1	Prepare annual company budgets with breakeven levels and profit goals for desired owner salaries and return on investment. Compute periodic sales targets to achieve budgets.
2	Set up executive trends report and instruct company personnel on monthly updating. Identify and begin to track initial key performance indicators.
3	Conduct an annual planning session for key managers to set an action plan and goals for the coming year.
4	Basic personal financial planning consultation, including net worth analysis, setting of goals and computing funding targets to achieve goals.
5	Pre-year-end tax planning review and forecast of tax balance. Strategy setting for reducing taxes.
6	Review of investment portfolios by Rodney.
7	Initial analysis of business development assessment Questionnaire. Review of "First Steps" video and key business practices.
8	Ongoing periodic analysis and interpretation of financial statements, with written or e-mail commentary for consideration and action. However, ALL final management decisions are yours alone.
9	Attendance in an advisory role at your periodic management meetings. However, ALL final management decisions are yours alone.
10	Annual business performance review using our specialized financial analysis software to analyze key financial ratios.
11	Participate in the Millionaire Board Room, a periodic roundtable meeting of business owners to discuss topics related to increasing revenues and profits.
12	Annual profit improvement potential calculation to review business potential and increase profits using the Four Ways to Grow a Business.
13	Business succession planning to prepare for inheritance and protect assets from tax liability.

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Level 3
1	Detailed personal financial analysis and planning consultation, based on the completion of a Personal Financial Planning Questionnaire and analysis of income and spending.
2	Perform activity-based costing and/or management assessment of customer base and routines. Set up detailed key performance indicators and financial/operational reporting routines for team members to prepare. Such items will be designed to monitor the key activities that lead to profitability and less reliance on owner daily input. Client to fax or e-mail to us for review and commentary.
3	Prepare a limited calculation of estimated business value, using comparable company sales and giving a general guideline of valuation.
4	Assist in obtaining an independent, third-party valuation report to document actual company value.
5	Assist with a complete analysis of the strengths, weaknesses, opportunities and threats for the business using our 48-page Business Development Questionnaire. Client agrees to complete the questionnaire and all required preliminary papers.
6	Lead management team through the Business Development Program, a nine-stage, 12 to 24-month process designed to increase company profits and entity value (assessing customer service levels, developing operating plans, systematizing processes, training team members in client service concepts, communications, problem-solving skills, and overall management development).

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Level 4
1	Transaction planning to prepare for major business transactions or business strategy changes such as mergers and acquisitions. Study from a strategic and/or tax minimization perspective.
2	Prepare a written business plan for use with key managers, board of advisors, bankers and other stakeholders.
3	Assistance with obtaining bank or other financing, including preparation of projected financial statements.
4	Assistance with other business startup services. Unless otherwise specified, this is limited to using a business start-up engagement checklist as a tool to help guide on the matters to be considered when starting a business. It is up to the client to ensure that all appropriate actions are taken.
5	Other business startup phase work, including advice on an ad hoc basis, as a general business or financial advisor during the startup phase.
6	Setup or conversion to new accounting system. Assistance with the setup software and subsequent upgrades, 3-15 weeks of on-site training and training for new team members.
7	Assistance with legal or entity matters, including coordinating choice of business entity with attorney, obtaining startup registrations related to tax requirements.
8	Review of the owner compensation system, including partner and incentive compensation packages, to align company and individual manager goals.
9	Prepare inheritance tax and capital gains tax returns.
10	Present Phone Right training program and train team members to delight customers starting with the first impression.
11	Present Towards Awesome Service training program. Determine system failures in customer service and set performance standards for a new customer service strategy.
12	Present Making Your Business Really Fly training program and start identifying ways for owners and top managers to move from working "IN" their business to working "ON" their business.
13	Present Advanced Financial Management training program to help non-financial owners and managers interpret and use financial statements.
14	Present Building a Better Business training program to gain insight into how to shape the future of the business through marketing initiatives (approximately 3 hours of interactive audio and discussion).
15	Present Write Right training program to help you create corporate communications and marketing materials that grab customers’ attention.
16	Develop a people development system, including creating training tracks, career paths and performance evaluations and systems for team members.
17	Conduct a customer advisory board, a focus group that brings several customers together to determine likes/dislikes and ways that you can improve your services to encourage them to purchase more.
18	Research new business opportunities, such as product lines, acquisitions, expansions, etc.
19	Research industry strategy and development papers for selected industries to examine trends, key success factors, news, economic analysis, strategic analysis, benchmarks, etc.
20	Complete a tax compliance assessment to identify the strengths and weaknesses of the company's income and other tax compliance practices, using specialized industry guides (if available), and a plan to help team members improve documentation and practices.
21	Estate planning to develop and implement a plan that preserves your legacy.
22	Level One: A six-stage process that will protect you and your loved ones from the potential hardships associated with not having a proper estate plan.
23	Level Two: Continuous assistance in implementing your estate plan to help you gain control in estate matters by always having a professional at your side.
24	Projected financial statements/forecasts/cash flow planning, including the development of projections and forecasts for various projects such as: acquisitions and development of real estate projects, new business ventures, business expansions and similar activities.

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