MARIELA RUIZ, CPA, PLLC

Helping Individuals and Businesses Financially Thrive.

Tag: business management (page 2 of 2)

What Can a Forensic Accountant Help You With?

A forensic accountant is a person who has all the expertise and skills needed to thoroughly investigate financial cases. He or she can also provide you with professional advice and solutions to overcome issues. So, if you’re thinking about which matters a forensic accountant can help you with, stress less. To clear your doubts, we’ve discussed all the possibilities that you can consider.

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1. A Shareholder or Partner Dispute

If you’re a person who is involved in a shareholder or partner dispute, fret not. A forensic accountant can help you with all sorts of disputes. The accountant will carefully study, analyze, and take the whole situation into consideration. Without being biased, the accountant will help determine the benefits and compensation that are owed to each shareholder and partner. The accountant will also ensure that the shareholder and partner agree to continue a diplomatic partnership. Not only this, but also accepting the outcome.

2. Selling your business

A forensic accountant can also assist you in figuring out a precise valuation of your company, so that you are well aware of how much it’s worth when the time comes to sell it. Even if you don’t plan to sell your company, at least you will know the value of your business and stay in the loop.

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3. Account Record

It becomes quite crucial to keep an eye on your business and also ensure that it is in good trustworthy hands when there are many people handling your records, because accounting malpractice can happen at any time. But if you lack expertise and you are suspicious about your bookkeeper, a forensic accountant can help you maintain accounting records. The accountant will walk you through the whole record your bookkeeper is maintaining and review how exactly they were handling.

4. Commercial Damage

You can also refer to a forensic accountant if you are suffering from commercial damage. The accountant will accurately study all the breaches of the contract, fraud, and construction claims and will provide you with expert testimony. Once the review of all the complexities of a commercial damage case is completed, your accountant can also help you present the facts to the jury.

5. The Fraud Risk Assessment

Not every person working and holding a position of power can be trustworthy. If you believe that your manager is involved in fraudulent activities, you can hire a forensic accountant. The accountant with all this expertise and experience will perform a fraud risk assessment. This process will help you prevent further financial theft at your workspace.

Conclusion

If you come across any of these situations, you should consult the professional services of a forensic accountant immediately. They will undoubtedly protect you and provide you with the best solutions. For instance, if you’re looking for a forensic accountant, you can rely on MARIELA RUIZ, CPA, PLLC. We offer professional forensic services in Mission, TX. Check our website to learn more about our services, or simply give us a call at (956) 997-0067 for further assistance.

How Accountants Can Help You Make the Leap from Good to Great

Behind every successful business is a great accountant – that is one of the key reasons why small companies become great.

Being a business owner is a huge job with many facets, since running a business involves so many important challenges and you are responsible for them all. But skilled accountants can lighten your load by taking responsibility for a few of these challenges based on their deep knowledge of tax loopholes, deductions, and government subsidies.

In this month’s post, we’ll show you exactly how the work of an accountant supports the long-term growth and success of your business.

What Do Accountants Do?

To begin with, we’d like to bring to your attention that there are many types of accountants, and each accountant can specialize in a particular area. However, public accountants might be the most critical financial consultants for business accounting. Public accountants often work independently and may contract with companies. Not only will they improve financial processes and produce reports and data, but they will also advise you on planning strategies, helping you with tax preparation, and other financial planning.

Is an Accountant Able to Transform Your Business From Good to Great?

While some companies settle for good results, there are other companies in the same industry and with the same opportunities that manage to make the leap from good to great. You may wonder how that is possible, and if so, how? The answer is figuring out if your business needs accountants, then handing over your financial tasks to them and having confidence in them. You heard it right!

Accountants can do an amazing job in improving business efficiency and saving money. An experienced accountant strives to give you all the information you need to make competent and effective business decisions.

Here are some of the specific services provided by a masterful accountant:

  • Advice and Assistance in Selecting a Business Entity

You have to work extensively with an accountant before any official registering of your business, because every decision you make early on will have a huge impact on the future potential of your company. Therefore, getting all the information you can get is crucial to making the right choices.

  • Create and Maintain Cash Flow Projections

A healthy cash flow is essential for a healthy business. That’s exactly what a masterful accountant will do. They will help you assess your cash flow and take control of it by studying your business and keeping you up-to-date about your business budget.

A great accountant will provide you with neat weekly and monthly budget reports so you can know how the budget is flowing in and out of your business.

  • Offer Financial Advice

In the business world, there is nothing better than an experienced accountant to advise you. When working with clients and jumping in to make big purchases or start new marketing campaigns, it’s best to consult with an accountant who can analyze the risks and benefits of your options.

Final Thoughts

The leaders of great companies get the right people on the bus and put them in the right seats; then they figure out where to drive it. Be sure to work with the best accountant in your city. MARIELA RUIZ, CPA, PLLC offers the most professional accounting services in Mission, TX. Our experienced accountants will cover all of those exhausting tasks and accompany you through your business journey. Please call us at (956) 997-0067 to learn more information about our working hours or visit our website for more information.

3 Signs That Your Business Needs Accounting Services

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For startups, it is easy to get by without the services of an accountant in the beginning as there is barely any need of it. If you own a business and have access to an accounting software with the know-how of accounting for small business owners, you will do just fine. But as you continue to expand, there will be tell-tale signs that it is time to hand over the task to a professional accountant.

1. Your business has experienced a major growth spurt.

With great power, comes great responsibility. Every business owner dreams of such progress and if you are experiencing such a shift in paradigm, you will need to expand. More staff, inventory, work processes, and internal system only leads to more paperwork and calculations. It is wise to have a person dedicated to this task and responsible for keeping all the finances in order.

2. You find yourself in need of professional financial reporting.

If your business is in search of investors or loans, it is better to have your company’s financial state and history in order. It is one of the most integral parts of a loan application or a proposal to investors. You will need a professional who knows the trade inside out. An accountant understands the relevant information that needs to be included with financial reports to score investors and loans. An accounting specialist will also produce financial forecasting for your business. This will provide insights for what direction your business is heading to.

3. An audit hangs over your head.

An audit due can be a stressful experience. If it is your first time being audited, you should know what the audit process is. If you don’t have a professional accountant by now, it’s high time you get one. An accountant will work through your paperwork and help you organize and identify the information that the IRS will inquire about in the audit. Your hired accountant can also directly liaise with the IRS on your behalf. This will free up your time to work towards more productive and constructive goals. 

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Conclusion

MARIELA RUIZ, CPA, PLLC offers professional accounting and bookkeeping services in Mission, TX. We guarantee you success through our highly experienced team of accountants, tax experts, and bookkeepers. We don’t ask for your vote of confidence – we will earn it through our services. Get yourself an accountant at MARIELA RUIZ, CPA, PLLC or call us at (956) 997-0067 to book an appointment.

Financial Controller Services

The growing pains that flourishing companies experience look different and fluctuate over time based on department, company size, rate of growth, and other key factors. In finance departments, management may notice that as transactions increase in volume and complexity, managing the day-to-day duties of accounting and finance, while maximizing growth and performance can get overwhelming. When this happens, it may mean it’s time to invest in adding a financial controller to the payroll.

What is a Financial Controller?

A financial controller is someone who’s a certified public accountant (CPA) or has equivalent industry experience and education in accounting or finance. Controllers are hired when a company’s finance department requires supplementary support with some of their financial oversight. Every financial controller job is unique, but most will be responsible for ensuring maximum financial efficiency, health, and compliance within their company.

Who Needs a Controller?

As a company becomes more inundated with business overtime, it is normal to crave additional assistance in order to ease the increasing workload on each individual. It is often the chief financial officer (CFO) of a company who will eventually require the direct support of a financial controller. Depending on the company, a financial controller may be responsible for helping the CFO with financial reports and statements, preparing budgets, providing internal audits, preparing taxes, managing purchase orders and other financial related duties.

Final Thoughts

Outsourcing financial controller services for your growing business can provide a cost-effective resource of support at a critical time in your business’ development. Whether your company needs temporary or permanent financial support, you can rely on Mariela Ruiz, CPA, LLC of South Texas! She has a proven track record in her field and is committed to honesty, efficiency, and success every time! Call our team today at (956) 997-0067 to find out how we can help you and your business thrive!

What You Can Expect When Hiring a Business Consultant

Making the decision to bring on a business consultant can be a step in the right direction for your business. Whether you’re searching for a strategic planning partner or more insight into your financials, finding a consultant who can keep your business on track is a game changer. You should hire someone with background knowledge on your industry, organized planning skills, and the ability to develop training programs based on your needs. For more information on what a business consultant can do for you, keep reading!

Initial Assessment

When you set up an official meeting with a consultant, he or she will be able to provide you with an initial assessment. With this assessment, the consultant can detail your business’ strengths and weaknesses, as well as ways to implement improvements. You can also discuss goals and expectations up front, which will help your consultant understand what your wants and needs are. The more information you give up front, the better results and growth you will see overall.

Strategic Planning

Once you’ve gone over the assessment of your business, here’s where your consultant’s organized planning skills will come into play. He or she will come up with manageable business strategies that you can start applying to the company. Small adjustments to your business, like upgrading to newer technology or addressing management problems, are just some of the suggestions your consultant might talk to you about. Of course, a quality business consultant will hold you accountable to make these actions, while giving you guidance along the way. The proper consultant would want your business to succeed!

Effective Training

If your business is underperforming in certain areas, your consultant might recommend management and staff development training. Training targeted for specific levels in your departments can improve communication between management and build quality leadership skills. Although the progress and change you’re hoping for will take time, aiming for the desired results is possible today. Your commitment as a business owner and as a leader to the company is important; your goals can be achievable!

Conclusion

If you want to see improvements for your business, we suggest hiring a business consultant to meet your financial and consulting needs. Here at MARIELA RUIZ, CPA, PLLC, we can address your management concerns and form a plan of action. To get in contact with one of our professional consultants, please call or visit our website today!

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