TRANSFORM

FINANCIAL STRESS INTO SUCCESS

 

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Profit Margins
Owner's Pay
Cash Flow
Marketing Metrics
Accounting Systems
Financial Reporting
Tax Efficiency

PROFIT MARGINS

 

GROSS PROFIT MARGINS

Diagnosis

Your gross profit margin is strong, this showcases your ability to manage COGS by keeping those costs and labor in check. 

Your gross profit margin is moderate—not bad, but definitely room for improvement. Keeping a close eye on your COGS and pricing model and remember that your operational/labor costs are crucial.

Your gross profit margin is falling short, highlighting issues with cost management. High COGS could be the culprit. This could be something like labor costs or another item. Pricing strategies may be affecting your margin or it could be a combo of both.

Prescribe

This robust margin is a solid foundation for profitability, growth, and generating cash. Keep up the excellent work in maintaining these efficiencies.

Look for opportunities to boost efficiency or trim expenses to enhance your margin.

It's time to dig deep, analyze these areas, and implement cost-saving measures or adjust pricing to improve your margin and overall business health.

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Continue keeping a close eye on COGS and seek out incremental efficiency improvements. 

Reinvest some of the profits into scaling your operations or marketing efforts to drive more sales.

Dive deep into a detailed cost analysis to pinpoint areas where you can cut costs.

Evaluate your pricing strategies to ensure your products or services are priced optimally for both competitiveness and profitability.

Perform a thorough review of your production processes to uncover inefficiencies and potential cost-saving measures.

Consider renegotiating supplier contracts, reducing costs, or figuring out how to increase prices.

Act on this immediately – this is an issue.

NET PROFIT MARGINS

Diagnosis

Your net profit margin is excellent, showcasing your business's prowess in turning sales into actual profit after covering all expenses.

Your net profit margin is fair, but there's untapped potential. It's time to scrutinize your expenses and pinpoint areas for cost-cutting or efficiency gains.

Your net profit margin is low, highlighting struggles in retaining profit after all expenses. High operational costs, inefficient processes, or pricing issues could be at play.

Prescribe

This salty margin is a testament to your effective cost management and operational efficiency. Keep leveraging these strengths to drive sustainable growth.

Even a slight tweak in managing overheads or operational costs can make a significant difference in boosting your net margin.

A thorough audit of your expenses and revenue strategies is crucial to identifying and tackling these challenges head-on.

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Stick with your current expense management practices and maintain regular monitoring.

Look for opportunities for strategic investments that could propel future growth. 

Conduct a comprehensive audit of all operating expenses to identify cost-cutting opportunities that won't compromise quality.

Implement a robust budgeting process to better control and forecast your expenses. 

Launch an immediate and thorough expense audit to root out and eliminate unnecessary costs.

Reassess your pricing strategies and consider adjusting prices or altering product/service offerings to boost profitability. 

OWNER'S PAY

 

Diagnosis

Your take-home pay is at a healthy level, reflecting that your business is generating sufficient profit to provide you with a comfortable income.

Your take-home pay is moderate. While it's sufficient, there's room for improvement.

Your take-home pay is lower than expected, suggesting that your business might be struggling with profitability or cost management. It's crucial to examine your expenses and revenue closely.

Prescribe

This indicates good financial health and effective cost management. Keep maintaining this balance to ensure ongoing stability and growth.

It's important to review your business expenses and revenue streams to identify opportunities to increase your personal income. Optimizing your financial strategies can help enhance your take-home pay.

Implementing cost-saving measures or improving your sales strategies can help increase your personal income and overall business health.

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Perform a comprehensive financial review to identify why take-home pay is low and develop a corrective action plan.

Consult with a financial advisor to explore ways to increase personal income through business optimization. 

Analyze personal and business budgets to identify areas for potential income increase.

Consider adjusting business strategies to boost profitability, thereby increasing take-home pay. 

Perform a comprehensive financial review to identify why take-home pay is low and develop a corrective action plan.

Consult with a financial strategist to explore ways to increase personal income through business optimization. 

CASH FLOW

 

Diagnosis

Your cash reserves are in a healthy range, providing a strong buffer for your business. 

Your cash reserves are moderate. While you're managing to keep some cash on hand, there's room to fortify your reserves.

Your cash reserves are low, which could put your business at risk in case of unexpected expenses or downturns.

Prescribe

This indicates good liquidity and the ability to cover unexpected expenses or seize new opportunities. Maintaining this level of cash reserves is essential for ongoing financial stability and growth.

It's important to review your cash flow and pinpoint areas where you can save or optimize to increase your cash reserves. Building a stronger cash cushion will help ensure your business can weather any financial challenges.

It's crucial to take immediate steps to improve your cash flow and build up your reserves. This might involve cutting unnecessary costs, boosting revenue, or seeking additional financing. Strengthening your cash reserves is vital for your business's financial health and resilience.

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Stay the course with your current cash flow management tactics.

Regularly keep an eye on your cash reserves to ensure stability.

Think about placing some of your cash reserves into low-risk investments to grow your safety net. 

Sharpen your cash flow forecasting to predict future needs more accurately.

Hunt down and implement cost-saving measures to boost your cash reserves. 

Kickstart immediate strategies to improve cash flow, like slashing expenses and speeding up receivables.

Look into short-term financing options to give your cash reserves a quick boost. 

MARKETING METRICS

 

Diagnosis

Your marketing tracking is top-notch. You've nailed down key metrics like cost per lead and customer acquisition cost, giving you the power to make sharp decisions and fine-tune your strategies.

Your marketing tracking is in decent shape, but there's more ground to cover. You have a handle on some key metrics yet there's room to dig deeper.

Your marketing tracking needs a major overhaul. You're missing critical metrics like cost per lead and customer acquisition cost. Without solid tracking mechanisms, you're flying blind, wasting potential and missing out on opportunities.

Prescribe

This level of insight puts you ahead—keep pushing the envelope and refining your marketing game.

Strengthening your tracking and analysis will arm you with better insights, enabling more strategic decisions to boost your ROI.

It's time to get serious—implement tools and processes to get a grip on your marketing data and drive better results.

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Keep crushing it by tracking and analyzing those key marketing metrics to fine-tune your campaigns.

Push boundaries by experimenting with new marketing channels, but always let the data guide you.  

Amp up your tracking mechanisms to snag more detailed insights on your marketing performance.

Rethink your current strategies and double down on the channels that bring the highest ROI. 

Get serious about a robust tracking system to capture those critical metrics with precision.

Dive deep into all your marketing activities and ruthlessly cut or overhaul the underperforming campaigns. 

ACCOUNTING SYSTEMS

 

Diagnosis

Your accounting system is well-established and your books are accurate.

Your accounting system is functional, but there are some inconsistencies or areas for improvement in your books.

Your accounting system appears to be lacking or your books are inaccurate. This can lead to significant issues in understanding your financial position and making strategic decisions.

Prescribe

This level of financial organization allows you to make informed decisions and maintain a clear view of your business's financial health. Keep maintaining these high standards to ensure continued success and stability.

It's important to regularly review and reconcile your financial records to ensure accuracy. Consider investing in additional tools or professional assistance to enhance the reliability of your numbers and systems.

It's crucial to establish a reliable accounting system and ensure regular, accurate bookkeeping. Seeking professional assistance may be necessary to get your financial records in order and maintain them accurately moving forward.

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Keep rolling with your current accounting software and make sure it stays up-to-date to meet your needs.

Regularly reconcile your accounts and keep those records pristine. 

Set up routine reviews of your financial statements to nail down accuracy.

Invest in training for your accounting team to sharpen their bookkeeping skills. 

Upgrade or implement a solid accounting software system pronto.

Bring in a professional bookkeeper or accountant to lay down a rock-solid foundation of accurate and consistent financial records. 

FINANCIAL REPORTING

 

Diagnosis

Your financial reporting and dashboards are top-notch and up-to-date. You've got a clear line of sight into your key financial metrics, empowering you to make informed and strategic decisions.

Your financial reporting and dashboards are functional but there's room for improvement.

Your financial reporting and dashboards are falling short, and it's costing you. Without effective tools, you're flying blind when it comes to understanding and managing your financial performance.

Prescribe

This level of transparency isn't just good—it's a game-changer for managing your business's financial health. Keep using these tools to stay ahead of the curve.

You have some visibility into your financial metrics, but dialing up the accuracy and comprehensiveness of your reports will give you sharper insights. Consider refining your processes or adopting more robust tools to get clearer, more actionable financial information.

It's critical to implement reliable reporting systems that give you a clear view of your key metrics. Upgrading these tools is essential for making smart decisions and driving your business toward success.

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Keep your financial dashboards sharp and aligned with your current business goals—regular updates are key.

Leverage the insights from your financial reports to fuel strategic planning and make bold decisions. 

Boost the detail and accuracy of your financial reports for sharper insights.

Think about adding more financial metrics to your dashboards for a full-spectrum view. 

Get a solid financial reporting system in place to guarantee accurate and timely data.

Develop or revamp your financial dashboards to ensure they provide a crystal-clear view of your key metrics. 

TAX EFFICIENCY

 

Diagnosis

Your tax strategy is razor-sharp, ensuring you’re not overpaying and fully leveraging all available deductions and complex strategies.

Your tax strategy is decent but could use some fine-tuning. There are likely untapped opportunities for additional deductions or strategies that could lighten your tax load.

Your tax strategy needs a serious overhaul. It seems you're either overpaying or missing out on key tax-saving opportunities, leading to inflated tax bills.

Prescribe

This level of tax planning and financial management is top-tier, keeping more of your hard-earned money in your pocket. Keep up the proactive approach to maintain this efficiency.

A review of your current practices and a consultation with a tax professional could reveal ways to enhance your tax efficiency.

It's crucial to dig deep into your tax situation and implement smarter strategies. Getting guidance from a tax professional can help optimize your tax planning and stop unnecessary tipping to the IRS.

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Keep up with proactive tax planning and stay on top of your game.

Monitor tax law changes to ensure you're always compliant and maximizing benefits. 

Dive into a mid-year tax review to sniff out potential savings.

Partner with a tax pro to fine-tune your strategy and make sure you're not leaving money on the table. 

Book a comprehensive tax audit to uncover areas where you might be overpaying.

Craft a rock-solid tax planning strategy with a professional to optimize your liability and stay compliant. 

Transform Your Finances

with Confidence

Work with a team that that gets it.  From slashing your tax bill to refining your books and boosting your profits, we're here to drive your success.

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