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Adam Baruch, CPA

Business Services

Business Services Designed for Your Success in Midtown Manhattan

Business people walking from the job in busy city streetThe success of your business is dependent on the functionality of all its elements. Whether you are a start-up just learning the ropes, or a seasoned business-owner, Adam Baruch, CPA can help you streamline your operations to achieve your goals. This will allow you to focus on other important things, like providing high-quality products and services to your clients. Contact our seasoned Midtown Manhattan CPA today to get started!

Call Us: (646) 330-4879 Get Your Consultation


Business Consulting

Business consulting services can help you succeed by looking at your current numbers, analyzing them, and proposing improvements. Business consulting is not only ideal for existing businesses but also start-ups trying to find their feet in their industry.

To ensure that your business stays on the right track and grows, our business consulting services include the following:

  • Development and reviewal of business plans for short and long-term goals
  • Planning for strategic growth
  • Performance metrics
  • Review and evaluation of internal controls
  • SAS 112 compliance
  • Business valuations and due diligence
  • Budget and cash flow analysis and management
  • Business entity selection and restructuring
  • Financial projections and forecasts
  • Assistance with debt and financing
  • Business expansion and acquisition analysis
  • Evaluation and implementation of accounting software

Business consulting services can help you view your business from a new perspective with unbiased evaluation and professional recommendations provided by our team. Whatever industry you are in, we can help streamline your business so that you can cut costs when needed, improve efficiency, and realize your short-term and long-term objectives.

Our support also includes helping you develop the necessary skills for business ownership, streamlining your customized business plan, and effectively meeting the needs of your market by identifying those specific needs.


Business Accounting

Business people shaking handsAs a business owner, you are probably more focused on the bigger picture of making profits. The financial health of your business is based on the efficiency of your accounting systems, which enables you to make informed business decisions regarding expanding, cutting down on costs, or hiring new staff.

Our Midtown Manhattan CPA can help you put your accounting records in order, generate financial reports, and set up an accounting system that serves the unique needs of your business.

Why Choose a CPA for Your Business Accounting?

Outsourcing your business accounting tasks to a trusted CPA also allows you to gain access to the services and support of a qualified professional without the expense of maintaining a fulltime, in-house employee. Other reasons to consider hiring a CPA for your business accounting needs include:

Comprehensive services: Unlike accountants, who may be limited to a few tasks, a CPA offers various services beyond accounting. In addition to tax planning, budget forecasting, bookkeeping, and cash flow management, Adam Baruch, CPA can also provide a big-picture assessment of your business, advising on how to steer your venture in the right direction for success.


Expertise: In addition to obtaining an accounting degree, it is the job of a CPA to support corporations, organizations, individual taxpayers, and small business owners with taxes and finances by remaining at the forefront of the ever-changing tax laws and obligations. CPAs have the knowledge and expertise that an in-house accountant may lack to study financial records, prepare tax forms, and oversee your needs during an audit.


Bookkeeping

Bookkeeping is the recording of daily financial transactions of a business. These records are used when preparing financial statements for both internal and external users to review during decision making. Typically, two accounting methods can be used when recording business transactions, accrual, and cash basis. The accrual method gives a realistic depiction of the company's financial situation as it records the transaction as it occurs, not when money changes hands.

Expert bookkeeping services will see to it that your books are neatly organized and while also giving you access to accurate and timely data. Our bookkeeping services can help with:

  • Maintaining your ledger
  • Tracking your business’ income and expenses
  • Recording receivables and payables
  • Managing bank reconciliations
  • Inventory management
  • Preparing and filing tax forms
  • Processing your payroll

New Business Formation

Hand arranging wood block stacking as step stairIf you are an entrepreneur looking to start up your business, the process can be a daunting task when you are only armed with capital, ambition, and an idea. The thought of hiring an attorney and dealing with all the paperwork can leave you drained. This is where our Midtown Manhattan CPA comes in. Adam Baruch, CPA can help you achieve your dreams of being a successful business owner by creating a solid business plan which provides a strong foundation for your start-up to stand on.

We can provide consulting support for your new venture. If your business is unique in the market, we can look at the various aspects such as financial and risk management as well as internal controls to ensure that you start your business on the right foot.

Selecting the type of business entity can also have a significant impact on the way your new business is taxed and the kind of liabilities you’ll be responsible for. Our CPA will work closely with you to help you understand the differences between the business entities while also helping you choose the one that best fits into the long-term aspirations you have for your business.


Cash Flow Management & Bank Financing

Cash flow management involves the analysis, monitoring, and optimization of your cash flow, which includes money that leaves your business and money that comes in. Proper cash flow management not only protects your business' bottom-line but also gives you an accurate picture of the health of your business. A business with positive cash flow is bound to remain competitive.

Why Would I Need Professional Help?

financial expert going over documentsHaving a professional handle your cash flow management helps you identify red flags such as high tax liabilities that may lead to future problems. This allows you to salvage the situation before it gets worse.

With professional cash flow management support, Adam Baruch, CPA can help you minimize needless spending, get a better understanding of your finances, and adjust your business processes to give room for positive cash flow. Our seasoned professional can also advise you on the appropriate time to scale your business so that it doesn't negatively impact your bottom-line.

Bank Financing

Securing bank financing continues to be an uphill task despite the availability of funds for small and medium businesses. Most banks view small businesses as risky investments making it hard for them to acquire funding. Other factors such as lack of collateral and limited or non-existent credit history also contribute to the low success rate of bank financing. For your bank loan to be approved, the bank has to make sure that your business is capable of paying it back. For this reason, you need an excellent proposal to convince your bank to finance you.

Fortunately, our Midtown Manhattan CPA can help you secure bank financing by looking at your business and crafting a comprehensive proposal. Your winning bid will include an executive summary, both personal and business financial statements, and pro forma cash budgets. Adam Baruch, CPA also provides representation services. This way, you have a proposal made to impress the lender and higher chances of acquiring funding.


Business Valuation

Hand drawing Price Value scale concept with black marker on transparent wipe board isolated on white.Business valuation is the process of measuring the actual value of a business or company, which also shows the position of the business in its respective sector. Although business valuation is performed to establish a business market value, it can be done using various approaches. However, the three widely accepted methods of business valuation include income, asset, and market approaches.

Income approach determines the worth of a business based on the value of expected income, while the asset approach measures your business value based on business' assets. When using the market approach, past share sales of your business or other similar businesses are considered. The purpose of the valuation will determine the method used.

Whether you are seeking funding, planning for taxes, or you want to find out how much your company is worth for insurance purposes, we can help. By letting Adam Baruch, CPA analyze the critical elements of your business, you can obtain the real value of your business and use the information to make informed decisions about the purpose of the valuation.


Payroll

Payroll related tasks can be time-consuming, taking hours of your time each month, and it gets worse if your business has numerous employees. While it may seem insignificant, the time you use paying your staff could be better spent running your business.

Choosing to outsource your payroll tasks to Adam Baruch, CPA takes the burden off your shoulders and allows you to focus on the day-to-day operations of your venture. Having our Midtown Manhattan professional handle your payroll obligations include:

  • Direct Deposit and Electronic Fund Transfer (EFT)
  • Payroll checks printing
  • Payroll tax compliance, e-filing, tax payments
  • Payroll reporting by employee or department
  • W-2, W-3, and 1099 processing
  • Monthly, quarterly, and annual payroll tax reports
  • Payment of third-party withholdings such as insurance

Succession Planning

Road with sun lighting. Open road with no car traffic in the morning.A well-thought-out succession plan will ensure that your business lives on even after you hand it over to new leadership or family member if it's a family business. With a sound succession strategy in place, your business will remain stable and continue to grow without the uncertainty that comes with succession.

If you are thinking of having another person take over your business, our CPA can help you work out a plan for a smooth transition. You'll be able to achieve fairness when distributing shares or management positions and also minimize your tax liabilities. If you sell your business to a third party, Adam Baruch, CPA can also help you improve your bargaining power by identifying your business' strong points that you can leverage to bring you more value.


Internal Controls

Effective internal controls reduce the risk of mismanagement, employee fraud, and non-compliance. To do this, you need an expert to look into your internal control systems, test for loopholes, and recommend improvements. Having worked with different businesses in the past, Adam Baruch, CPA can quickly identify the non-effective aspects of your operations and procedures, as well as recommend working solutions that will have your business running efficiently.

Other than conducting internal control audits, our CPA can help you put in place measures to strengthen internal controls, such as reinforcing accountability among employees. We also assist in minimizing vulnerability by introducing preventive measures such as training employees on how best to conduct their duties.


Forensic Accounting

Whether you suspect intentional errors, or you are wary of fraud in your business, forensic accounting services can help uncover the truth. Our forensic accounting services allow us to investigate financial crimes in preparation for legal action or support of an ongoing court case.

Forensic accounting often includes reviewing your financial situation and investigating irregularities, gathering evidence, and coordinating with your legal team so that you have all you need for litigation. What's more, Our CPA also checks for vulnerabilities in your accounting processes and recommends strategic ideas to prevent fraud.


Litigation Support

While a reasonable attorney will help you handle your business' legal issues, steadfast litigation support will guide your litigation process in the right direction, especially when money is involved. With support from our professional, you have the right questions to ask and documents to use during the process.

With a proven track record in providing litigation support to businesses in the past, Adam Baruch, CPA can help your legal team steer the court's ruling in your favor. Whether you are involved in marital disputes, business valuations, property transfers, or pension valuations, you don't have to worry. From analyzing and reviewing financial records to seeking witness testimonies, we offer support services to ensure that any disputes are settled in favor of your interests.


Contact Our Midtown Manhattan CPA for Expert Business Services

If you are looking for business consulting services or need help with financial management tasks, get in touch with Adam Baruch, CPA today! We offer tailored services made to address the unique needs of your business.

Call Us: (646) 330-4879 Get Your Consultation



Small Business Accounting

As a small business owner, you have more important things to do than to keep your own books. That's why I'm here. When I take care of the books you can get back to the job of running your business and generating profits.

Bookkeeping Services

Accurate bookkeeping is essential to your company's long-term viability. Experienced, affordable, and reliable, I work with a variety of industries and clients.

Payroll

Payroll solutions that meet your business's needs and enable you to spend time doing what you do best -- running your company.

Part-Time CFO Services

My Part-Time CFO Services give you a professional financial manager who works with you to help guide your business to success.

Audits - Reviews - Compilations

Your stockholders, creditors, or private investors have different levels of risk tolerance, so I provide three levels of assurance to meet your needs.

Forensic Accounting

Forensic accounting -- also called financial forensics or forensic auditing -- is an area of accounting that investigates actual or anticipated disputes.

Cash Flow Management

A cash crisis can be emotionally devastating and can even put an end to your business. The starting point for avoiding a cash crisis is allowing me to develop a cash flow projection for you.

Bank Financing

Requesting a business loan without adequate preparation sends a clear message to the lender: High Risk! It pays to be prepared and organized in your approach for financing.

Business Valuation

An objective valuation can make the difference between loss or gain, success or failure. You need a tax and accounting professional who is well qualified, with significant experience in evaluating all types of organizations.

Business Advisory Services

If you still have all your plans and ideas locked up inside your head, preparing a strategic plan can help you clarify your company's direction.

Financial Planning for Businesses

If you run a successful business, you already understand how important it is to work with an accountant that understands how your company operates. What you might not realize is that when you add an accountant with expertise in financial planning and analysis to the team it allows you to take your business to another level.

Succession Planning

Developing and implementing a well-designed succession plan is essential to the survival of a family business from one generation to the next.

New Business Formation

Starting your own business is exciting, but thrilling. It's everything that comes after the excitement and thrill have worn off that dictates whether a small business will make it or not.

Non-Profit Organizations

The IRS uses very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status.

Internal Controls

I assess your internal control systems to determine the efficiency and effectiveness of your operating procedures, then I make recommendations that help your company become stronger.

Litigation Support

In today's world of increasingly complex litigation, you simply cannot do it alone. You are more likely to succeed when you have the expertise of an experienced "court savvy" tax and accounting professional on your side.