Consultants / Self-Employed Business Owners
Councilor, Buchanan & Mitchell (CBM) removes the tax and advisory challenges facing consultancies and other self-employed professionals.
Our professionals understand the tax preparation and compliance needs, and the advisory concerns faced by consultants and other self-employed business owners. We also understand the deductions available to help you maximize profitability while you’re managing your business. We look forward to providing you with the following expertise.
- Federal and state income tax
- Tax strategy, preparation and compliance
- Self-employment tax
- Local taxes
- Property taxes
- Sales and excise tax, if applicable
- Finance and accounting
- Technology optimization
- Business valuations
We can help prepare your individual and business taxes (including assistance with estimated quarterly tax payments), and provide accounting and technology consulting support to your business.
Our Services for Consultants and Self-Employed Business Owners
Individual Tax Strategy, Preparation and Compliance
CBM helps consultancies and other self-employed professionals deliver accurate reporting of income and deductions, and maximize tax savings through tailored strategies for self-employment. Our team also assists with filing quarterly estimated taxes, reduces the risk of penalties and manages complex tax regulations. We have the ability to advise on tax-efficient retirement planning and business structures to minimize personal tax liabilities.
Accounting and Technology Optimization
CBM’s accounting advisory team can help a self-employed business owner set up an accounting system that suits the business’s needs, ensuring accurate tracking of income and expenses. We can also recommend and implement accounting software and streamline processes for invoicing, payroll and financial reporting. Finally, we can review financial records, ensuring compliance and offering insights to improve cash flow management and profitability.
Risk Management Preparation and Compliance
CBM helps consultants and business owner identify financial risks, such as cash flow issues or underfunded reserves, and offer mitigation strategies. We assist in setting up internal controls and accurate record-keeping to reduce the likelihood of fraud or errors. Additionally, we can even recommend proper insurance coverage, tax planning techniques, and contingency planning to protect your business from unforeseen liabilities or economic downturns.
Business Valuations Preparation and Compliance
CBM can help a business owner prepare for a valuation by organizing and presenting clear, accurate financial statements, including profit and loss, balance sheets, and cash flow reports. We identify and adjust any discrepancies or irregularities in financial records, ensuring the valuation reflects the true value of the business. Additionally, we assist in projecting future earnings and assessing key financial metrics, which are critical for attracting potential buyers or investors.
Contact Consultants / Self-Employed Business Owners Team
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