Services
Accounting
Payables: Why spend the time writing checks, tracking invoices, keeping balances when FTP can do it all for you? FTP assists many of its clients in the day to day financial activity so you can focus on your business. FTP provides a daily cash balance and account info so you always have the necessary information to run your day to day operations.
Payroll: Everyone wants to get paid but with all the regulations no one wants to be the one cutting the check. Let FTP handle the W-2s, 1099s, and withholdings so you can focus on the other issues affecting your business.
Accounts Receivable: In today’s tough economic climate, no one can afford AR. FTP doesn’t just talk about AR, we help solve AR through prevention. We create plans with your business to prevent AR; help train those in your business so they understand; and when AR rears its ugly head we help you track it so you don’t miss any money you’re owed.
Financials: Financials are a great tool for any business, helping you to identify strengths and weaknesses. FTP creates financials on a regular basis to help your business. But, FTP goes further by helping you: understand the info in your financials; make changes to improve your financials; tailor your financials so they help grow your business.
Budgets: Budgets do more than set limits on what you spend. Budgets track trends; show waste; demonstrate strengths and weaknesses. FTP helps you create a tailored budget for your business, then we follow your budget so you can make it work.
Management
Policy/Procedure: Many businesses do not have a policy or procedure manual. Those that do have one, typically have not reviewed it in years. FTP helps customize policy and procedures to your business so you and your business have guidelines to make you better.
Personnel: There are two constants when addressing personnel issues – trying to keep everyone happy and solving problems. FTP helps with both by helping you create policies that make sense and overall increase moral. FTP is also there to help you and your business when problems present themselves.
Business Plan: Many people think business plans are the key to starting a successful new business. They are half right. FTP knows that a business plan is key to keeping a successful business too. FTP helps you start a business plan and then follow it so it helps your business grow and helps your business plan grow too.
Training: What good are the tools without the training? FTP works with everyone in your business, including the owner, manager, employee, to ensure they understand not only your business but the industry as a whole. With great training and education comes great businesses and leaders.
Tax
Business: FTP places a premium on accurate & timely tax planning and preparation. Knowing the industry allows us to give you this service and all the advantages available.
Individual: Business taxes and personal taxes go hand in hand. We take the time to understand you and make sure you understand the relationship between you and your company so you can make it work for you.
Estate & Trust: Estate & Trust denote death and distribution, but FTP focuses on the planning side as well. We work with the client to learn their goals so we can help them obtain them. We also keep our clients abreast of changes in estate & trust laws and all the tax implications that follow.
Planning: One of the biggest concerns is determining what next year will bring. We plan with our clients so the next year is not a surprise and choices are made based on good, sound advice.
Transition
Buy/Sell: One of the most exciting things in business can be the new start – either buying or selling into their new role as owner or retiree.
When buying or selling is the step, FTP:
- Helps find the perfect business or buyer for you.
- Performs financial analysis to determine the right value
- Negotiates the price so you get the best deal available
- Assists with obtaining financing
- Attends the closing to advise & help make a smooth transition
Succession Planning: There is more to succession planning than just handing over your business. It’s important to know your business objective and goals; then make sure there are key people in place to continue. Without simple understanding, complex problems will arise.
Retirement: Retirement is and should be a common goal of everyone. But with 401ks, pensions, life insurance, IRAs and so on – what’s right for you? FTP helps you plan a retirement goal and prepare you for retirement so it’s not just a dream.
Future Growth: We know the importance of cashflow, especially in today’s tough economic times. But, we also know the importance of future growth. We help our clients understand and prepare so future growth is the norm for their company.
Appraisals: Everyone has a time when they need to know what their business is worth. Whether it’s valuing a business to purchase, sell, settling an estate; or divorce; let experts, ones who only work with businesses in the funeral industry, value your business.
Legal
Compliance/Regulatory: FTP keeps you up to date with changes in the industry including: insurance, worker’s compensation, OSHA, employment, and ADA. FTP also provides the steps and information to make sure your business operation is complaint with old and new laws. Keeping your business up to date includes providing interpretations of the rules, providing necessary documentation to comply, and continued training to the business to remain compliant.
Estate Planning: Planning your future is complex. Ironically, many time those in the funeral industry are the last to plan for themselves. FTP helps make sure that your future estate plans are in order so you can focus on today.
Next of Kin Issues: Society is becoming more and more transient and splintered. Making arrangements are having a contract signed is not as easy as it was in the past. Now a business must make sure it is dealing with the proper party and protect itself from the “unknown” family members. FTP provides the knowledge to help work through any Next of Kin dispute ranging from divorce; unknown children; step-families; prison; etc… As the world changes these issues only grow and FTP is with you to help make sense of the situation.
Business Structure: Whether your business is established or brand new, the proper entity selection is crucial. The effects of liability and tax based on your decision can stay with you forever. It is important to make sure that all of your needs are addressed when deciding corporation or LLC. FTP, because of its legal and accounting knowledge, can not only inform as to the best choice; but R&A can actually get you there by filing the documents and setting you up from day one.