Ideas for Additional Service Offerings
Source: Partner Insights
The following is a complete reprint, reproduced with permission, of an article by August Aquila. It features a list of potential additional services firms should consider offering.
Tax Services
- State and local tax
- Quarterly payroll tax preparation
- Change of form of entity or year end
- Reorganization or liquidation of the business
- Sales or exchanges of business property
- Shareholder distributions or transfers
- Tax projections
- IRS representation
- Individual tax return of chief executive officer
Financial and Estate Planning
- Education saving
- Retirement saving
- IRA, Roth, SEP
- Estate planning (wills, trusts or gifts)
- Life and general insurance analysis
- Retirement plan administration
- Pension plan administrative accounting
- Section 401(k) plan design
- Second/vacation home
Accounting Services
- Audit
- Compilation
- Review
- Lease vs. buy analysis
- Payroll services
- Stock transfers
- Buy-sell agreements
- Fraud audits
Management Consulting Services
- Buy-sell agreements
- Merger & acquisition assistance
- Internal control review
- Business valuation
- Profit improvement consulting
- Costing systems
- Feasibility studies
- Financing, restructuring or reorganization
- Employee manual
- Compensation and benefits program
- Strategic planning
- Inventory or production controls
- Executive search
- Litigation support
- Benchmarking
- Marketing consulting
- Website/webpage consulting
- Cash flow analysis
General Business
- Accounts payable check writing
- Payroll (referral)
- Accounts receivable or customer billing
- Automated general ledger
- Bookkeeping services
- Depreciation schedules
- IT consulting
- CFO outsourcing
For the original article, read “Checklist to Identify Opportunities for Additional Services.”
From Partner Insights, Aquila Global Advisors, LLC, May 2016, www.aquilaadvisors.com.