The following accounting services are available for domestic and foreign companies doing business in the United States.
Accounting Systems and Support
In today's environment, when millions of companies conduct their business worldwide, an enormous amount of choices exist for accounting software packages with various functionality and cost ranging anywhere from hundreds to hundreds of thousands of dollars. It is a mission of NBAC to carefully study the clients business in order to be able to find the most appropriate accounting system that suits their internal control needs and fits their budget.
In recent years, there has been a disconnect between information provided in financial statements and the information needs of investors and creditors. Most recently, some have characterized this as a disconnect between "new economy" companies and "old economy" financial reporting. In particular, many have contended that financial statement users need:
- More disclosure of nonfinancial information
- More forward-looking information
- More information about intangible assets.
Whether buying or selling a private business, going for a next round of financing or taking a company public, it is imperative to do good homework in valuating a business. Excellent valuation work for smaller companies requires consideration of a lot of factors, some of which are less tangible than others but are incorporated in the process of making accurate assessments. These valuation assessments are highly instrumental in wealth creation for business owners.
Streamlining tax payments
Overwhelming number of deadlines in a daily business routine is complimented by ever increasing tax payment deadlines that are usually set on different terms by different tax agencies. Estimated federal and state income tax payments, property taxes, sales taxes and business franchise taxes are to name a few. Missing a payment usually means hundreds or thousands of dollars in penalties and interest. Having a system utilized by a third party allows a company to make business operations most cost-effective and enhances risk management by removing responsibility for timely tax payments to a third party.
Foreign companies doing business in the U.S. oftentimes have to adapt to different billing systems and accounting methods. Sometimes, creative payment methods need to be established to ensure ease of communications with clients and customers, timely and cost- effective payment clearance.
Cash flow analysis
Today's global business world requires companies to be less leveraged and more self reliable when it comes to cash flow. As a result, companies turn to cash flow management to uncover internal areas for improvement and potential for growth. Cash flow analysis shows the money go in and out of business and involves examining the components of the business that affect cash flow, such as accounts receivable, inventory, accounts payable, and credit terms.