Yes, we offer you all the traditional services of an accounting firm but we understand there is so much more that can be done to help you reach your ideal profits and an improved lifestyle.

Things like management, marketing, customer service, team retention, working processes and business building strategies. Our Business Development services are designed to offer you this extra support to help make your business better, more profitable and more valuable.

To best serve your needs, you can select from 4 levels of business services. Of course all aspects of these are tailored to your specific needs.

This is what every business person has to have done, just to "comply" with the tax laws and banking agreements. It includes Income Taxes for Federal & State, and the assortment of other matters Governments or Banks require of you. Review our Menu of Services below.

MENU OF SERVICES - Simply review the following menu of services and choose the services you need:

To receive these services, the Client agrees to use own personnel to set up, post and maintain QuickBooks accounting software or it's equivalent, unless Item #3 below is selected.

1. Telephone or e-mail assistance to your current bookkeeper or Financial Officer in maintaining your Accounting System.

2. Telephone or e-mail advice on financial & tax matters to the business owners.

3. Maintain basic accounting system from client-provided information, using QuickBooks or Peachtree.

4. Prepare compiled (unaudited) financial statements.

5. Prepare reviewed financial statements.

6. Prepare audited financial statements.

7. Prepare annual business income tax returns for a corporation, s-corporation, partnership, or limited liability company, including Texas franchise tax return when applicable.

8. Maintain fixed asset schedule.

9. Prepare miscellaneous tax returns, such as Property Tax Renditions, etc.

10. Prepare monthly or quarterly Sales and/or Use Tax Returns.

11. Prepare quarterly and annual Payroll Tax Returns, W-2 Forms, and 1099 Forms.

12. Assist with owner/officer W-2 fringe benefit calculations.

13. Prepare personal income tax returns for business owners and officers.

14. Prepare Trust and/or Family Limited Partnership Income Tax Returns.

15. Prepare Personal Financial Statements of owners as required by banks or for personal financial planning, or other purposes.

16. Prepare Retirement Plan Annual Tax Returns.

17. Provide annual Retirement Plan assistance in calculating contributions or coordinating information to plan administrator.

18. Invitations to Year End Tax Planning Seminar and other seminars.

19. Receive special newsletters.

20. Access to our Business Owners Resources on our website.

Gain Control & Direction in Your Business & Personal Financial Matters

In Level Two, we help you prepare budgets for profit planning purposes and actively assist you in interpreting your periodic reports. These reports would include initial Key Performance Indicators that apply to critical areas of your business. We work with you on these monthly and totally review your operating plan every quarter.

We show you how to get better control over your business by using vitally important management control tools.

To gain control and direction, select from the following Menu of Services:

21. Prepare company budgets with breakeven points and profit goals for desired owner salaries and return on investment.

22. Set up Executive Trends Report. Identify and begin to track initial “key performance indicators.”

23. Conduct an Annual Planning Day for key managers to set an action plan for key goals for the coming year.

24. Basic Personal Financial Planning consultation, including net worth analysis, setting of goals and computing funding targets to achieve goals.

25. Pre year-end Tax Planning Review and forecast of tax balance, setting of strategies for year-end moves to reduce taxes.

26. Review of investment portfolios by an investment advisory firm.

27. Initial analysis of Business Development Assessment Questionnaire, review of "First Steps" video and a four page review of key business practices.

28. Ongoing periodic analysis and interpretation of financial statements by a Larry N. Harrison & Co. team member providing input as would a Part Time Controller or Part Time Chief Financial Officer, with written or e-mail commentary for consideration action. While ALL final management decisions are yours alone, we will outline your options.

29. Attendance in an advisory role at your monthly management meeting by a Larry N. Harrison & Co. team member providing input as would a Part Time Controller or Part Time Chief Financial Officer. While ALL final management decisions are yours alone, we will outline your options.

30. Annual "Business Performance Review" using our specialized financial analysis software to analyze key financial ratios.

31. Participate in "Businesses Getting Results", a periodic roundtable meeting of business owners to discuss topics to increase revenues and profits

32. Annual "Profit Improvement Potential" calculation to review business potential to increase profits using the "Four Ways to Grow a Business".

33. Estate Planning and/or Business Succession Planning to prepare for inheritance and protecting assets from tax liability.

We work with you on a monthly basis and totally review your Operating Plan every quarter.

To grow your business for financial independence and peace of mind, select from the following Menu of Services:

34. Detailed personal financial analysis & planning consultation, based on the client completing a Personal Financial Planning questionnaire & providing analysis of income and spending.

35. Set up detailed Key Performance Indicators & Financial & Operational Reporting Routines for client personnel to prepare. Such items will be designed to monitor the key activities that lead to profitability and less reliance on owner daily input.

36. Prepare a limited "calculation" of estimated business value using comparable company sales.

37. Assist in obtaining an independent, third party valuation report to document actual company value.

38. Assist with a complete analysis of the Strengths, Weaknesses, Opportunities & Threats for your business using our 48 page "Business Development Questionnaire". Client agrees to work to complete the questionnaire and all required preliminary papers.

39. Lead management team through The Business Development Program, a nine stage, 12 to 24 month process designed to increase company profits and entity value by systematically assessing customer service levels, developing operating plans, systemitizing main processes, training your personnel in client service concepts, phone handling procedures, problem-solving skills, letter-writing, and overall management development.

After all it could be your greatest asset. To do this we get involved with many 'non' accounting aspects of your business development, including team training, market positioning and customer service strategies.

Discover a key concept that when applied to your business really can leverage your results and increase your profits by reviewing the 4 Ways to Grow Your Business area.

Examples of One Time Projects:

40. Transaction Planning to prepare for major business transactions or business strategy changes such as Mergers and Acquisitions and/or Sales. Study from a strategic and/or income tax minimization perspective.

41. Prepare a written Business Plan for use with key managers, board of advisors, bankers, and others.

42. Assistance with obtaining bank financing, SBA Loans, or other financing, including preparation of Projected Financial Statements.

43. 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.

44. Other Business Startup Phase Work - Other advice on an ad hoc basis as a general business or financial advisor during the startup phase.

45. Setup or Conversion to New Accounting System: Assistance with the setup of QuickBooks or other accounting software. Usually the assistance is in the form of 3-16 weeks of on-site training and actual setup. Assistance with upgrades of software or major changes in software features or modules used. Assistance in training new personnel or bookkeepers on systems.

46. Assistance with legal or "Entity" Matters: Coordinate choice of business entity with attorney, obtain startup registrations related to Internal Revenue Service & state payroll tax authorities.

47. Review of your Owner and/or Management Compensation System to align company and individual manager goals.

48. Prepare Estate or Gift Tax Returns: Prepare Form 706 for estates exceeding $650,000 in value or Form 709 for Gifts exceeding $10,000 in value.

49. Deliver Phone Right Training Program: Train your team to delight customers starting with the usual first impression.

50. Deliver Towards Awesome Service Training Program: Determine system failures in customer service and set performance standards for a new customer service strategy.

51. Deliver Making Your Business Really Fly Program: Identify ways for owners and top managers to change mindset to move from working "IN" their business to working "ON" their business.

52. Deliver Advanced Financial Management Training Program: Help non-financial owners and managers interpret and use financial statements.

53. Deliver Building a Better Business Program: Gain insight into how to shape the future of your business through marketing initiatives. Approximate 3 hour interactive audio and discussion

54. Deliver Write Right Training Program: Create those letters, brochures, ads, and marketing materials that grab your customers attention.

55. Develop Framework for Career Development: Create Training Tracks, Career Paths, and Performance Evaluations and Systems for team members.

56. Run Customer Advisory Board: Conduct a customer focus group, bringing several customers together to determine likes/dislikes and ways that they would purchase more from your company.

57. Run Team Advisory Board: Conduct an employee focus group, bringing several employees together to determine likes/dislikes and ways to make the company more profitable and valuable.

58. Research New Business Opportunities, such as product lines, acquisitions, expansions, etc.

59. Industry Strategy & Development Papers: For selected industries - trends, key success factors, news, economic analysis, strategic analysis, benchmarks, etc.

60. Tax Compliance Assessment: an assessment of the strengths and weaknesses of your company's income and other tax compliance practices, using specialized industry guides (if available), and a plan to help your company personnel improve your documentation and practices.

61. Focus for Results: Use our unique computer program to identify and prioritize your personal and/or business needs that should be addressed.

A 10 Step Business Development Process for You  

Larry N. Harrison & Co. is a firm that helps you build your financial position by making your business more valuable and more profitable. To do that we've developed a specific and purposeful 10-step process to help grow your business, improve your lifestyle and increase your profits significantly. Here's how we work with you to develop the true potential of your greatest asset:

1. A preliminary assessment identifies your profit potential

To gauge the level of results you can expect from your business, we'll ask you to complete a preliminary questionnaire. Using software tools designed to identify and quantify your potential for profit improvement, we're able to tell you just how much improvement you could expect.

You will be considered for our business development processes if your potential for improvement is significant - typically starting at $10,000. Now before you think - "my business couldn't improve by that much," most of our clients are genuinely surprised and pleased when the analysis shows their potential for added value.

2. An initial consultation ensures there's a match

During this step we'll present you with a summary of the improvement potential within your business. You’ll see firsthand some of the processes and approaches we use to work with our clients to begin improving the business and its return on investment. When you decide to continue with the process you receive a copy of your customised Business Development Program.

3. A detailed investigation maps a course of action

Included in your Business Development Program is a more detailed Business Development Questionnaire. This gives you instant insights into the challenges you face and what needs to be done to improve how you handle them. Together we can then identify the strategic opportunities that come from the way you do business - your business processes - and provide you with a documented analysis. This will help you see and develop a course of action made all that much clearer with the next step.

4. A planning session sets your strategic vision

Many business owners do not have a clear vision for the future of their business. To really achieve improvement it's important to turn your vision into a crystal clear picture. From there you can work back to where you are today, identifying all the strategies you need to implement to achieve your goals. We use a planning session for that process. At your planning session our team reviews with you the key issues you face and the potential solutions. Here you really start to see how the process comes together.

5. A plan of action clarifies goals 

We've found clients relate better to 'action' plans rather than lengthy, heavily worded business plans. You'll receive a results orientated action plan that's easy to relate to and easy to implement. This plan provides you with the basis for moving forward with your business development. With specific goals and target dates, you and your team have a clear direction and more likelihood of success.

6. Involving your customers to guide your direction

To really create a successful business you need to know exactly what your customers want, and what they find frustrating. That way, you can adopt strategies and business processes that make your business the one they prefer to deal with.

Addressing your customers’ issues gives you a great opportunity to create a competitive edge that’s not just based on price. Holding a Client Advisory Board, where we sit down with your customers and listen to them in a structured way is an invaluable way to add value to your business.

7. The power of your team in building a customer service strategy

The people who work for you also play a vital role in how well your business meets customers' expectations.  They deal directly with the issues raised by your customers every day. Often, that means they have hands-on insights that could benefit the business. A Team Advisory Board (much like a Client Advisory Board) generates strategies that improve the processes within your business. We have protocols for working with your team to develop a customer service plan that incorporates the feedback you receive from customers and team members alike - instantly setting your business on a path much more aligned with customer expectations.

8. A process-based audit to determine where improvements need to be made

We look at each business as a collection of people performing a wide range of activities or processes. How well these activities are completed determines the outcomes or results your business achieves. And because most businesses have not truly systemized their processes, outcomes are often random and business owners are left feeling that they lack real control.

Improving business performance is fundamentally then about improving the key processes within your business. We use a system to analyze the processes that comprise your business and its activities and helps you identify which ones need to be redesigned for far better results.

9. Defining and documenting key business processes for more control

After analyzing what processes comprise your business, we can work with you to set up a documentation system.  This will give you greater control over your results by defining exactly how each process is to be completed.  Again, you get better control and outcomes.  Another critical outcome to consider is that the  value of your business increases as your business moves more and more towards being a turn-key system -- a system that produces expected results.

10. A management control plan to track your progress

Imagine having a control panel on your desk, much like the dashboard of your car, with gauges and signals that tell you instantly how your business is running. Compare that to the hectic, reactive nature of most businesses, large or small.

Your key performance indicators (KPIs) and your financial plan offer that level of control for your business just like your dashboard. Together they make up your management control plan, which helps you track the progress of all key areas of your business.   The plan enables you to respond quickly to changes and new situations, and thus generate optimal profits for you. It's important that we, as your business development consultants, play an ongoing role here to track key performance indicators and your financial position with sophisticated software programs.

If you'd like to contact us about our Business Development Program - simply go to the "Contact Us" section and let us know. 

Taxes have long been this firm's stronghold. Expert in individual, business, trust, and estate taxation needs, returns, filing dates and more. We are here to help you minimize your tax. We are also able to ensure that you have met all federal and state requirements as well as any other government issues you are required to comply with.

If you are a business owner or manager, be sure to visit our Menu of Services described in Levels One through Four.

Go to our Events Calendar for important Tax Dates.

In other situations lenders, suppliers, investors, governmental entities or other regulatory bodies require audited historical financial statements. As part of this process it's important to recognize that every business is unique, therefore, we'll look at your overall operation, and consider the financial requirements you have and the related audit processes we'll need to undertake. Our rigorous audit systems and procedures will assure you that you're meeting all requirements and have the absolute highest level of accuracy throughout your entire financial area.

Whether you recently purchased QuickBooks™ or have been using it for years, our experience tells us you probably use only 30% - 40% of the programs features. Even fewer users ever get beyond the day-to-day operations and are able to create the type of sophisticated reports QuickBooks™ is famous for.

Did you promise yourself that this would be the year you would get your QuickBooks™ file cleaned up? With a new year two-thirds gone, does that promise remain unfulfilled? What about tax preparation? Will your system provide you with the information you need to prepare your tax return? Or worse, do you work with a CPA who does not understand QuickBooks™?

We are a member of the QuickBooks Professional Advisors Program™. We bring together knowledge in accounting, income tax planning and of course, QuickBooks™. Now you can stop struggling with the owner's manual or wasting your time trying to be an accountant. We can show you how to use QuickBooks™ to its fullest potential.

Succession planning also applies irrespective of whether you have family members looking to take over the business. One day you are going to need to exit the business, through retirement or sale. Succession planning covers the key steps to prepare the business for that moment.

In the event of selling the business to an outside purchase, Larry N. Harrison & Co. can manage that process for and with you as that can be an arduous undertaking.

It's important to bear this concept in mind: ultimately, for your business to truly be a realizable asset for you, you need to constantly be working on it with a view to selling it sometime in the future. Whether you do sell it or not is irrelevant, keeping that frame of mind means that at least you will always be in a position TO sell it and realize it's true value, IF you should ever want or need to.

That focus gives you a greater awareness of the need to systemize your business and make it less dependent on you.

People want to buy businesses that work, not businesses that are run by people that work and work and work… Succession planning then is an ongoing, ever improving process and is just as much about working ON your business as planning for the future. (Ask us about the concept of working 'ON' your business rather than 'IN' it and just what that could mean to you!)

Add to that the fact that we are all living longer, and so are dependent on the income we generate throughout our working lives for many more years than previously thought - clearly retirement planning is vital.

After all you have to think about how much you'll need, when to retire, how to achieve enough retirement income to enjoy the lifestyle you want for your later years and what will the government have to contribute if anything?

At Larry N. Harrison & Co. we take into account your current lifestyle, income levels, projected income leading up to retirement and create a plan that is going to support your needs now and in retirement. While it is hard to predict what the future holds, it's easy to ensure that yours has, as a very minimum, the lifestyle you know you want.

We also prepare estate and gift tax returns, and have extensive experience at preparing trust and estate income tax returns for all types of trusts and estates. We can show you how trusts can help preserve your estate and take care of you and your family.

"You will remain the sole judge of our performance. If there is something we've done or failed to do that you're not 100% delighted with, simply let us know and we'll correct it immediately."

At all times, we need to know your thoughts on what and how we're doing, so that we can continue to strive and serve. To that end all we ask is that you do please speak up if something is not to your liking. Usually we'll be able to correct it immediately, or explain why we might be undertaking a process or task a certain way with you so that you'll see there is rhyme and reason. This guarantee is just one of the many 'commitments' we make to you. Click here to find out more. Our Commitment to You