Services
MHR Consulting is large enough to offer a full range of professional services, and small enough to give you personalized attention and tailor services to meet your needs.
Accounting Software Selection & Implementation
MHR Consulting can help you assess your software needs and sort through the many choices on the market to help you find the right fit for your needs. We analyze your business needs, financial transactions, technology, business plans and office systems and recommend the software solution that meets your needs and has the capacity to grow with your business. We can also help you transfer your accounting and bookkeeping to the new system and train staff in how to use it. We’re always available to troubleshoot and give follow-up support.
Bookkeeping/Write-Up
If your business does not currently have accounting staff, we offer comprehensive bookkeeping and write-up services. Some small business and nonprofit clients find it more cost-effective to use MHR Consulting for their bookkeeping needs than hiring full-time staff. We can do the work on-site or remotely. As your business needs grow and change, we can help you plan ahead so your accounting and financial systems keep pace with your business needs. If your business is outgrowing its current bookkeeping system we can also help you assess your software needs and transition to a new system.
Business Consulting
MHR Consulting can help you find solutions and opportunities for your company. For example, we can help with audits and annual reports, assist with loan applications, and help you prepare financial presentations for board meetings and investor meetings. If you’re considering how to expand, sell or restructure your business, we can help you analyze your financial position and forecast different scenarios to help you make an informed decision.
Business Entity Selection
The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc.— that you select for your business carries significant financial and tax implications. MHR Consulting can explain each choice and help you make an informed choice for your business. We can assist you with applications and demystify the process. As your company grows and changes, we can also advise you if it makes financial sense to change your business entity.
Estate & Trust Tax Preparation
MHR Consulting can help you take proactive steps that will ease the way for your heirs during a very difficult time. We can work with your legal counsel to help you to structure your estate and trusts to minimize taxes and ensure a smooth transition to your heirs. We can also help you reassess your trust arrangements and keep you abreast of changes in the laws that might affect your estate plan.
Financial Analysis
Whether for a business or individual, periodic financial analysis is essential for good money management, business and personal finance planning, and fiscal decision making. MHR Consulting prepares financial analyses that give you the information you need when you are contemplating a new course of action, or when you want to assess how you’re doing. If you’re saving for retirement and wonder if you’re going to have enough, or if you’re thinking of expanding your business, we can help you anticipate your future financial picture and then help you see what you will need to achieve your goals.
Financial Statements
Financial statements are a vital tool for management decision making, and they also represent your business to lenders, partners, potential buyers and other interested parties. MHR Consulting specializes in working closely with your key personnel to develop and finalize accurate and timely financial statements. We are very good at helping “spreadsheet-phobic” business owners understand and appreciate their financial statements.
IRS Representation
An IRS audit can be an intimidating and complex process. If you or your business faces an IRS audit, we can bring to bear years of experience in dealing with tax matters and IRS audit procedures to ensure that you are properly represented when dealing with the IRS and other tax authorities.
Management Advisory Services
Our Management Advisory Services focus on improving the efficiency and effectiveness of your business and its operations. We offer support with business planning, mergers, acquisitions, staff training, software troubleshooting, nonprofit board support and more. We also work with start-ups to help establish good accounting practices that will save you time and money down the road.
Notary Public
A notary public can help to handle various business matters, including witnessing and authenticating document execution and signatures. MHR offers Notary Public services and are available when you need us.
Payroll Services
Constantly changing federal, state and local laws and tax regulations make payroll management an ongoing challenge (and often headache) for business owners. Our payroll services professionals are well-versed on the latest laws and regulations and can proactively alert you to material changes that will affect your business and your employees. We can help you keep payroll running smoothly now and as your business grows.
Sales Tax Services
We can help you understand and manage your local and state sales tax obligations. We can also prepare your business’s sales tax returns in an efficient and timely manner.
Tax Preparation & Planning
MHR Consulting can take the frustration and headache out preparing your annual tax return and quarterly estimated taxes. But we do more than just prepare the return. We help you plan ahead so that you can to minimize your future tax liability by proactively managing personal and business tax issues; For example, we can help you consider how upcoming business opportunities might impact your tax status. We keep abreast of legislation that affects your tax picture and help our clients reduce federal, state and local tax liabilities.