SILICON VALLEY BOOKS AND TAXES, Inc.

Our Services

1. CFO Services:

 Deciding On Your Business Structure:

·         Your company can be set up as a corporation, a limited liability company, a limited partnership, a general partnership, or a sole proprietorship. This fundamental company decision has a great impact on your business liability, fund-ability, and tax implications.  Let us inform and guide you!

·         We will do an in-depth analysis of your business goals and requirements, consider the related regulatory factors, and then suggest the most efficient business structure for your needs.

 Calculation of Start-up costs:

To compute start-up costs, various components need to be considered.

·    We evaluate your business-related factors in estimating costs like cost of sales, professional fees, technology costs, administration costs, sales and marketing expenses, and wages and benefits.

·     Our expert estimation of your projected start-up costs will help you determine the funding requirements for your venture.

Funding Requirements And Sources:

Once we know your start-up costs, the next stage is to determine the level of funding required. Depending on this, we can tap different sources.

·         Each investor has different requirements, like minimum debt to equity ratio, profitability ratio, and so on.

·         Investors also require some paperwork, like cash flow statements, business plans, and so on. We will use our experience and expertise to help you with the entire funding process.

Formulating A Strategic Business Plan for each Prospective Investor:

A formal Business Plan gives the investor a good understanding of your company, the related industry structure and competitive landscape, and your capital requirements.

·         We help you to prepare customized business plans for different prospective investors: like a plan for venture capitalists, who focus on the upside and potential return on their investments; and a bank plan, which should focus on the risks involved  and highlight your ability to repay the loan through successful business operations.

 Set up Financial Analysis and Financial Modeling for business development:

Budgets and financial forecasts show future projections for your business.

·         These benchmarks and guidelines help achieve your business goals.

·         To devise these future projections, we need to know past trends and develop reasonable and realistic assumptions about the future.  We analyze past trends and formulate financial models which consider all the major parameters for your business.

 Advice in meeting Compliance Requirements:

All start-ups have to comply with various regulatory requirements from the  IRS, the SEC, and other regulatory bodies, specific to their business.

·         Failing to comply with these requirements could lead to adverse consequences, from financial liability to closing the business.

·         We have well-experienced professionals who will guide you in preparing all the company paperwork required by the regulatory authorities.  We will help you be in compliance!

Setting up Internal Controls:

We help in setting up appropriate internal controls for your business.  These will ensure that the business receives all of its income, by reducing the possibility of losses due to waste, fraud, dishonest employees, or simple carelessness.

·         Example: Safeguarding of inventory and  preventing carelessness and employee dishonesty by setting up inventory policies and controls.

Payroll Policy and Functions:

Payroll functions include computation of hours worked, calculation of payroll taxes and withholdings, determining deadlines for paying taxes and filing tax forms, performing workers compensation audits, and so on.

·         We can handle these payroll functions for you, very efficiently and at reasonable costs.

2. Accounting Services:

Setting up your Accounting and Bookkeeping System:

Your Accounting System is a vital tool to track your business operations, results (profit/loss), and financial soundness.

·   It tells you everything from the costs of raising funds, to the costs of running the business, to the revenue and profit earned by the business.

·         This financial information tells you not only about your current and past performance, but also guides you in planning your future business strategy.

·         We help you set up your entire accounting system, and we assist you in choosing and implementing the best accounting policies and procedures for your specific business.

Maintaining Your Accounting Books :

·         Accounting is not one time process; it has to be performed as long as the business exists.  Let us help you with this!

·         Meaningful and well-organized records help your business run more smoothly and efficiently, saving you time and helping you be more profitable.

·         We help you maintain your records in a logical and systematic manner, and ensure quick retrieval of your financial data and records.

 Financial Statements and Cash Flow Statement Compilation:

·         Accounting Books provide you a detailed view of each transaction.  They record all of your most basic operations, and you want to be able to stand back and make sense of the big picture they create.  Various financial statements are helpful management tools; they sum up the details and reflect your overall business and financial performance.

·         We provide you with compiled and summarized financial and cash flow statements, which show the profit/loss of your business, assets and liabilities, and the cash available to meet obligations, with just a glance at these helpful statements.

Maintaining Personal Records separate from Business Records:

·         For personal, business, and tax purposes, you need separate Personal and Business Records, and we will help you create and maintain separate financial record-keeping systems.

·         For any business entity, you will want to know the performance of your business. If personal transactions were recorded in business books, you could not get the true picture of your business without a lot of extra effort.

·         This separation also helps simplify the preparation of your business financial statements and tax returns.

3. Tax services:

Estimating tax liability :

·         Sole proprietors, partnerships, and S Corporations who expect their tax liability to be $1000 or more; or Corporations that expect it to be $500 or more, must estimate their tax liability for the year and then make tax payments in installments throughout the year.

·         We have tax experts to make your tax estimates for you and to ensure that any advance taxes are paid.

Preparation of Tax Returns:

·         Businesses are required to file income tax returns, sales tax returns, and payroll tax returns. The related tax codes are very complex and change over time.   Thus, it is a challenge to understand, keep up with, and follow all the pertinent tax provisions.   Let us help you!

·         We have tax experts with more than 15 years of experience who have handled many complex returns. We can perform this service for you at an affordable cost.

·         We prepare corporate tax returns and individual returns.  Our specialization in start-ups helps us make this easy on you; we know what data to ask you for, and we will take it from there.

Advice on Tax Planning:

·         Tax planning advice enables you to take maximum advantage of tax credits and tax deductions, which reduces your tax liability.   It also helps you understand the impact of new laws (like the proposed federal health care bill) on your taxes.

·         Our tax planners analyze and understand your business and personal situations, and they devise a unique tax plan for you, one which will be reviewed by us at frequent intervals.

Audit and Review  Services :

Due Diligence reporting:

·         A Due Diligence report provides the potential stakeholder with a brief picture of your business, one that helps them to compute their personal risk and reward for doing business with your start-up firm. This report is asked for by most potential investors.

·         We make an independent analysis of your business and rate it on the basis of five different parameters: management team, targeted industry segments, technology and products, marketing plan, and financials.

Financial Reviews and Audits:

·         Audits and reviews are performed to give assurances to stakeholders as to the reliability of the financial statements. These reports are requested by current investors, banks, potential investors, and others to assess the financial performance of your business and to ascertain whether the various business agreements and covenants are being followed.

·         These reports also help management to analyze their financial results and variances, and to fine-tune their future forecasts. We use our financial experience and professional skill to perform these important services for you.