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Practice FAQs

Q: Do you think our margins are in line with other service companies in our industry?

A: First we would obtain historical information such as detailed payroll and billing information. Once we review and analyze this, we would compare it to others in your industry and make recommendations based on our findings and experience.

Q: Are we paying our key employees fairly?

A: This is a question that comes up frequently. You want to be fair and make sure you retain key employees. We would review your payroll information and weigh that against the duties and responsibilities of your staff. Then we would compare their compensation to others in the same industry and provide our findings and recommendations to you.

Q: Employee benefits keep changing. There are so many options we can't make heads or tails of it. Can you help us?

A: Benefits have been changing rapidly the last couple of years and probably will continue to do so. For years, companies have asked us to provide guidance regarding the full range of benefits including healthcare and retirement options. We can give you all the pros and cons for various 401(k) plans, medical options and more. Then we will present to you our recommendations based on your situation.

Q: Should we buy or lease our office equipment? Cars?

A: This depends on how long you'll be using your equipment or cars. We will assess your normal monthly usage, for example number of copies or miles driven and look at your cash flow to determine the best choice for you.

Q: Can you help us with our forecasted statement of cash flows?

A: Yes. And in addition to helping you with the forecast, we can also find ways to improve your cash flow in the future.

Q: We're buying a house. Should we get a short or long-term mortgage?

A: Whether to go with a 5-year, 15-year, or 30-year mortgage depends on how long you expect to occupy the premise. We would also take into consideration any capital events that would allow you to pay off the mortgage and we'd look at your current cash flow as well.