Getting
the highest return from your efforts - that’s what your practice strives
for--and that’s what Ericksen, Krentel & LaPorte can help you realize.
The
professional services business environment is continually changing. To
remain competitive, a practice must be ready and able to react quickly.
Equally important is predicting cash needs, using cash flow to your
advantage, and investing idle cash. We offer the
Practice Management Evaluation
to assist professional service practices in
meeting these challenges.
Practice
Management Evaluation
This
process involves the identification of areas within the practice needing
improvement and making specific recommendations for change.
During the
Practice Management Evaluation engagement, our professionals spend time
onsite interviewing and collecting information in the following areas:
•
billing and collections
•
professional fees
• cash
management
•
budgeting
•
financial reporting
All
observations
and recommendations are summarized in a written report which we present to
the decision-makers in your firm. We are there every step of the way to
assist our clients in implementing our recommendations.
The
following enhanced accounting services are also offered to our clients:
Tax
Planning and Financial Management.
Our
specialists provide a complete range of tax planning and preparation
services to minimize your tax burden. Management services include
preparation of interim and annual financial statements, general ledger
maintenance, establishment of retirement and deferred compensation plans,
improved collections and reduction in overhead.
Employee
Benefits and Retirement Plans.
To help clients control
costs, we identify suitable corporate benefits packages. We administer
your pension plans, prepare all government reports, establish pension and
profit-sharing plans, and design and manage non-qualified plans for
professionals and staff.
Personal
Financial and Estate Planning.
We help you achieve your
financial and estate planning goals. This includes studying projections of
cash flow and assets and liabilities, investment opportunities, insurance,
retirement planning, tax planning and estate planning.
Obtaining
and Using Capital.
Our team advises you on the
best approach to obtaining capital and the most effective use of it in
your firm.
Articles
401(k)
Plans: A Valuable Benefit
Pension
Plans & Employer Responsibility
