The value in not providing traditional accounting services
When most people hear CPA they immediately think tax and audit. Lavoie CPA does NOT provide either service. So, what do we do? We provide world class accounting bundled with leading technology (Accounting as a Service) to help our clients succeed . But why don’t we provide tax or audit services?
- Our focus is helping grow your business. We provide financial intelligence you can rely on to make informed financial decisions.
- We don’t want to become tax experts. Staying on top of changes to tax laws and regulations is an exhaustive process. We rather partner with tax professionals and focus on what we do best – help grow your business!
- We can’t audit ourselves. Since we provide leading finance and accounting services, we can’t audit our own work. However, our clients are always audit ready!
Why do clients come
to Lavoie CPA since we don’t do tax or audit?
- We help grow sales.
- We turn finance into a strategic asset.
- We keep cost under control.
- We eliminate distractions and let our clients focus on what they do best.
Want to learn more?
The beginning of a new year always signals a time for trend spotting Which financial opportunities, challenges and changes should companies prepare for now? Below are six soon-to-be realities that you should consider for 2019. .
CFOs take on more
The role of the CFO has merged with that of the COO to
assume strategy and operations functions. This calls for greater collaboration
in business areas such as marketing, procurement, sales and design/R&D in
order for CFOs to build sound budget strategies and operational processes.
demands disrupt industries.
Think of it as forced evolution. Millennials and Gen Z crowd
are making their wishes known – pushing for greater transparency, asking for more
sustainable products, embracing technical conveniences. Business has no choice
but to respond – re-evolving business models, selling on social media, adopting
finance smarter and faster.
Automation and new technologies are making finance software
programs do more with less. This leaves more time for focusing on the
organization’s strategic vision.
We’re grappling with uncertainty
From foreign policy to data regulation, businesses are
operating under the strain of uncertainty. Expect another year of having to
navigate a turbulent, highly politicized environment.
Even the workforce is
2019 will introduce a diverse generation of employees with
new expectations and wants. For accounting, the skills gap widens, re-training requirements
grow, and a higher level of contract employees emerges.
New data risks are
Companies will need to have a deeper understanding of General
Data Protection Regulation (GDPR), because there will be a higher level of
concern about data security as more info is created, collected, and stored online
which allows for the possibility of hacking.
As these developments proceed, the role of
finance becomes more important and extensive. Many companies are turning to service providers to help them make the
transformation. This may entail consulting services, augmenting current staff
or even outsourcing the financial and accounting function.
So, why outsource your software development?
Outsourcing will help you conduct a cost effective business by decreasing your payroll. It will help your company give a more specific oriented task to your executive employees.
1 – Cost Savings
Outsourcing makes sense for cutting costs while reducing workload on the employee. Outsourced labor may cost 90% less than the same labor performed in-house in Western Europe or North America, particularly for low-level tasks. You won’t need to make any upfront investment, which makes development projects much more attractive.
2 – Time Savings
Software development takes less time when people are working on your applications around the clock, so you can get your product to market more quickly than your competitors can.
3 – Lack of in house experience
When the internal resources of the company are not enough to globalize the company’s business, Outsourcing software development will bring new dimensions to manage a business worldwide. Business applications will be more sound and systematic for an overall performance.
4 – Flexibility
When you outsource, you don’t have to spend time recruiting, hiring, training, and housing employees for short-term projects.
5- Talented IT Professionals
You’ll have immediate access to some of the best and brightest information-technology professionals by going overseas and bypassing the gaps in hiring pools in more developed countries.
6- Focused Strategy
Outsourcing software development would streamline business processes. It will provide a focused strategy to have a competitive advantage in the technological race.
7 – Improved Compliance
Outsourcing software development would create an automated compliance system that will reduce human follow-ups in business processes.
8 – Enhanced Accuracy
Offshore development will improve work accuracy in terms of given deadlines on a project. Defined software will deliver accurate results in less turn around time.
9 – Technological Advances
Technology is evolving in different countries of the world. Companies thriving to gain competitive advantage are better off outsourcing software development. For technological prowess.
10 – Risk Mitigation
You can mitigate risks by choosing an outsourcing firm that has a high-quality project management system and a tried-and-true process for developing applications.
Several functions can be outsourced by a company in different departments. From management training to Accounting and Finance, outsourcing takes care of it all. Website development & web design are increasingly outsourced by almost all companies for better maintenance and timely upgrades. Outsourcing certain area of your business makes a lot of sense in order to maximize your profits in a small amount of time.