Business Services

Business Services

Running and growing your business is your passion, a passion that deserves your time and energy. Trying to juggle too many hats at once can lead your attention away from ensuring the proper oversight of the financial and accounting duties your growing company needs.

When you choose to put these tasks in the capable hands of an experienced team of certified public accountants, you can be confident that operational needs are in order, and any issues are addressed promptly.

At Ray & Gregory, PC., our founders, Steven Gregory, CPA, MBA, and Cameron Ray, CPA/PFS, MBA, have been working in the field of accounting and advisory services for well over 20 years. They provide expert CPA advice, guidance, and tailored accounting solutions to help your business succeed.

As a busy entrepreneur, you can rely on our wealth of experience to navigate you through the complex world of accounting while we create custom strategies to help you achieve specific goals you have for the future.

What Business Services Do You Provide?

We offer many services to address the needs of businesses in and around Tullahoma and Murfreesboro. Our accounting team understands the details of a business, and how precise financial management improves the chances of success.

Beginning with an initial consultation, our CPA's get to know your business and recommend the services that can help improve day-to-day and overall operations. From account reviews to payroll, our firm equips you with opportunities to improve your business efficiency and remain tax compliant.

Let our experienced CPA's help your venture with the following:

Here's Why You Should Consider Outsourced Help for Your Business' Accounting Needs

Organized and successful accounting is extremely important for recording the financial dealings for your business. Without accounting, there is no possible way to know the financial health of your business. Accounting is pivotal for the numerous aspects of your venture and plays a crucial role in preparing financial statements.

Outsourcing your accounting tasks can free up your valuable time, give you access to expert assistance at a lesser cost, and provide you with the added peace-of-mind of knowing that trusted, highly-knowledgeable professionals are handling your accounting obligations.

Consider These Top 6 Benefits Outsourcing Your Accounting Functions Can Provide

Are you looking for better ways to focus on growing your business? If so, one of the easiest decisions any business owner can make is outsourcing their accounting operations. There are many desirable reasons to outsource your accounting.

Better Use of Time: By outsourcing your accounting processes, you free up valuable time that can be better spent running your business. Hammering over the books on back-end office operations can be a huge hassle that takes away your precious time. That time can be better spent on overseeing daily operations and bringing in new customers. Get the overly-complex distractions of in-house accounting off your plate by outsourcing your accounting.

Cut Down on Costs: Outsourced accounting helps save you money by eliminating the need for a full-time accounting department in-house. When you outsource your accounting, you only pay for the actual accounting, nothing else. This saves in production costs as well as payroll costs.

Help Reduce Fraud: Common victims of fraud are often privately owned, small businesses with less than 100 employees. This is because most small companies don't have access to a CFO who could look at the metrics which show abnormal activity in the transaction and/or billing data. With outsourced accounting, small businesses can afford a part-time CFO who can look for fraud signs and implement proper fraud protection controls.

Accountants know Accounting: By outsourcing your accounting tasks to a professional accounting firm, you now have a team of experts on your side. Professional accountants are highly-knowledgeable on the ever-changing tax codes and know the law backward and forwards. We keep up with the latest tax information, delivering you full-time coverage for only part-time pay. Staffing options are considered and executed per task, so you'll only have the most experienced and qualified individuals on your side, where and when you need them.

Collaborative Accounting is Better: Having a team of professional accountants working on your books is going to be better than having one in-house employee keeping track of them. There are tons of loopholes and exemptions out there, and one individual is just not enough to find them all for you. Outsourcing your accounting provides you with a team of people, all double-checking their work and each other to ensure compliance.

Scaling Options: When you outsource your accounting, it becomes simple to expand and grow your business or find places to cut down on spending. Accounting firms can provide you with lists of options, giving you valuable feedback and suggestions that will raise your profits at the end of the day. Whatever your long-term goals are for your business, earning more money, and keeping more of it, will help you achieve them.

What Does an Outsourced Certified Public Accountant Do?

The services you need will depend on the size, goals, and specific needs of your business. Some of what our accounting services offered include:

  • Payroll processing
  • Management of receivable and payable accounts
  • Filing federal taxes and submitting payments
  • Drafting of financial statements
  • Balancing ledgers
  • Bookkeeping

Why Should I Outsource My Payroll?

Payroll can be a time consuming and difficult task. Failing to withhold and pay payroll taxes properly can lead to an unhappy workforce or fines that strain operations. Our Tullahoma and Murfreesboro payroll processing services ensure that withholdings are accurately adjusted throughout the year and that Social Security and Medicare fees are paid on-time.

Why Consider an Outsourced CFO?

Whether you have been in business for a long time or just started, it is essential to have an experienced team of professionals to assist in planning for current and future growth. A qualified CFO can advise you on proactive tax and business development strategies that allow you to run your company better.

An in-house CFO can cost upwards of six figures in salary alone, which many small and still-growing businesses simply can't afford. A part-time CFO bridges this gap, allowing smaller companies to benefit from the services of a CFO at a fraction of the cost.

What Can a Part-Time CFO Help Me with?

A CFO is a valuable member of any thriving company, no matter how big or small. They provide tasks from analysis and estimating to long-term businesses and financial strategizing. More valuable than these is the fresh, unbiased perspective that an outsourced CFO brings to the table.

Part-time CFO services are performed on a monthly or quarterly basis, customized and dependent on your needs. Some of these include:

  • Generate accurate financial reports
  • Financial forecasting
  • Financial and tax-saving strategies
  • Creation and upkeep of budgets
  • Organization of financial records
  • Cash-flow management

CFO services are designed to provide valuable insights to increase efficiency and help you rise above the competition.

Can a CPA Help Me with My Business' Taxes?

Absolutely! Certified public accountants have the training and expertise to keep up with the ever-changing tax rules, regulations, and obligations. As professional tax preparers, our expert CPA's know to file these important forms correctly, promptly, and without errors. Misleading information or late filing can lead to an audit and/or unwanted penalties from the IRS.

We look over every aspect of your venture to identify important tax credits and deduction opportunities to reduce any existing tax liabilities, all while keeping you well-informed, organized, and tax compliant.

How Can Professional Tax Preparation and Planning Benefit My Business?

In addition to the accounting and payroll services, we provide year-round tax support to ensure reduced tax liability and on time filings.

Below is a more in-depth look into how we can help you with your business tax situation.

Tax Preparation - Our professional CPA's have decades of experience staying up to date with tax regulations that constantly change. We prepare business taxes quickly and efficiently, making sure to take advantage of all the tax credits and deductions you are entitled to.

Our accountants are friendly and responsive, answering your tax questions whenever you need us. In addition to income tax forms for businesses, we also help clients with payroll taxes, non-profit forms, and self-employment taxes.

Tax Planning - We implement tax-saving strategies that take advantage of credits and deductions when it comes time to file taxes. We help business owners set up quarterly tax payments and plan deductions on major investments or purchases. The better your business plan now, the larger your savings could be at the end of the fiscal year.

IRS Tax Resolutions - Whether having missed the tax deadline, failed to pay obligations, or going through an IRS audit, we can work with you to solve your tax problems quickly at an effective cost to you.

How Can a Certified Public Accountant Help Me Form a New Business?

As a new business owner looking to establish your venture, there are a variety of steps and forms you must complete and do so on your own can be overwhelming. Our firm helps you start your business off on the right foot, from preparing forms correctly to establishing which entity is the best fit for you and your business.

By understanding the variety of business structures available to you and being aware of the specific tax obligations for each, we can help you choose a structure that fits your customized business plan.

Once the entity is selected, we will begin creating and establishing an accounting system for your business.

Why is Strategic Business Planning So Important?

Strategic planning is crucial for your business because it provides a sense of direction while outlining your measurable short-term and long-term goals. Strategic business planning is useful for guiding day-to-day decisions and for evaluating your progress and changing your approach when moving forward.

To make the most of your strategic business plan, your trusted CPA should give careful thought to the strategic objectives they outline, and then back up these goals with realistic, thoroughly researched, measurable standards for accurate evaluation.

Expert Business Accounting Help and Guidance is Just A Phone Call Away!

Our goal is to help you build a successful business and add long-lasting value to your company. Our personable and knowledgeable team of CPA's at Ray & Gregory, PC. enjoy helping small business owners develop effective strategies with small business accounting services. Contact us in Tullahoma and Murfreesboro to schedule your consultation today!