A cash crisis can be emotionally devastating and it can even kill your business. If you’ve ever had to beg, borrow and steal to cover tomorrows payroll you know what I mean. An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period. As a small business owner you have more important things to do than to keep your own books.
Interim CFO
We can help you develop both short-term (weekly, monthly) cash flow projections to help you manage daily cash, and long-term (annual, 3-5 year) cash flow projections to help you develop the necessary capital strategy to meet your business needs. A wise CFO of a large corporation once told a young financial analyst “Cash is King”. There are many activities and expenses that may be eligible for an R&D Tax Credit! At Azran Financial, we have partnered with Endicies Advisory, one of the top R&D Tax Credit firms nationwide, to offer our clients an unparalleled level of expertise and specialization in R&D Tax Credits. A balance sheet gives you a snapshot of your business’ financial condition at a specific moment in time. Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.
Joshua V. Azran is a visionary CPA with decades of experience in public accounting, corporate finance, and strategic management. Known as the ‘Startup CPA,’ Joshua has guided clients ranging from entrepreneurs to high-net-worth individuals through complex financial challenges, leveraging cutting-edge technology and innovative strategies. It is important to consider your business model as you choose your accounting software.
Quickbooks 2012 Training with Joshua V. Azran
Our experienced management consulting and corporate finance professionals hold certifications including Certified Public Accountant (CPA), Certified in Financial Forensics (CFF), Certified Management Accountant (CMA), and Certified Fraud Examiner (CFE). We provide comprehensive yet affordable services (including part-time CFO services). Our professionals possess extensive experience providing personalized management services to high net worth individuals, their business entities, and charitable foundations. These tasks form the solid foundation of your small business accounting system.
- At some point, however, you may wish to consider using a small-business accounting software package such as QuickBooks Online or Xero to keep track of the company’s financial transactions.
- As a small business owner you have more important things to do than to keep your own books.
- Even though these specializations may immediately cost more, they will prove vital to your long term financial management.
- While keeping your company’s books correct is a great start, there are several best practices that can not only keep your company financially successful, but also increase its bottom line.
- At Azran Financial, we will coordinate all facets of your business’ financial needs.
- In addition to heading Maginam, Joshua also concurrently taught financial modeling and valuations to investment bankers and management consultants for the Wall Street Training Firm, The Analyst Exchange, for companies ranging from Morgan Stanley to DLC.
Business Disputes
Even the most qualified managers can benefit from competent, objective feedback. We can help your company’s management team to develop long-term objectives and specific strategies to facilitate your business’ future growth and success. The Strategic Plan provides a blueprint, describing your company, its products, the competitive environment, management team, financial health, and business risks. Many of our clients are responsible for collecting and submitting sales taxes in their home state as well as other states in which they operate. In this case, we can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.
- We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience, and financial acumen.
- The R&D Tax Credit is also subject to regular modifications to its various requirements through regulatory rule making, and common law action through the tax courts must be taken into consideration as well.
- Since these providers may collect personal data like your IP address we allow you to block them here.
- Since you are not a large corporation, you do not have to produce financial statements according to Generally Accepted Accounting Principles (GAAP).
HMV Business Consulting
If you produce, purchase, or sell merchandise, special rules apply on when you must use the accrual method. If your business handles inventory in any way, you should consult our accountants to determine when to use the accrual method. Finding the right business partner for your company can be a difficult task.
Succession Planning
Maginam provided Startup CFO services to a variety of tech startups & entertainment companies during this time. A heavy focus was on the “second wave of mobile startups,” with Joshua serving in the top finance roles (Finance Director & CFO) and overseeing day-to-day operations at one of the market leaders. Joshua V. Azran is a Certified Public Accountant (CPA) with extensive experience ensuring clients’ financial success by providing strategic guidance and management of financial functions. Joshua is a visionary leader with expertise in public accounting, corporate finance, strategic management, financial restructuring, business valuation, management consulting, and business development. He is skilled at identifying value-added opportunities, implementing solutions, and partnering with professionals at all organizational levels to ensure financial initiatives’ success. He excels at utilizing a consultative client approach to bring integrated solutions to even the most complex issues.
We do not settle for the best option available… if need be, we make a new and better option…
Azran Financial uses an encrypted online client portal, enabling secure communication and constant access to key financial documents. Azran Financial is your trusted advisor for sound planning and the long-term preservation and growth of your personal and business financial matters. If your business is not currently taking advantage of the R&D Tax Credit, reach out and ask us why! We can quickly help you determine whether your business should be claiming this very effective tax credit. Enacted in 1981, this incentive has proven to be very valuable over the years, yielding in excess of $14 billion dollars annually in benefits to companies engaging in research and development activities.
Azran Financial’s Certified Public Accountants and business consultants can advise you during the entity selection and structuring process. After your entity formation, our accounting firm’s startup accountants provide comprehensive accounting, tax, & advisory services. Outsourced accounting services range from full-service business management and bookkeeping to management consulting. Our highly trained staff of startup accountants and startup consultants will leverage industry best practices for your venture. In beginning your company, you may use a simple spreadsheet to keep track of your business income and expenses. At some point, however, you may wish to consider using a small-business accounting software package such as QuickBooks Online or Xero to keep track of the company’s financial transactions.
If you sell goods, almost any basic software business software program will suffice, however should your business provide primary contracting services, you may want to consider a software package that focuses on project accounting. Should your business manage real property, you may want to consider a package azran financial that focuses on fixed income accounting. Even though these specializations may immediately cost more, they will prove vital to your long term financial management.