General
Accounting Services represent the traditional services
provided by accounting firms. These services include
financial statement preparation, general bookkeeping,
monthly and annual closing procedures and preparation of
budgets and projections. Booth Management Consulting,
LLC provides these services using the comprehensive
approach. We communicate to our clients observations,
conclusions, challenges and opportunities we become
aware of while performing these routine services.
In
the new business environment dictated by technology, we
encourage clients to have an automated accounting system
that provides management with financial information
necessary to make informed decisions. System De-sign and
Implementation services consist of identifying software,
performing a needs assessment of the internal control
environment, documenting the internal control
environment, designing an accounting system based on the
internal control environment and management’s
philosophy, implementing the system, training personnel
identified by the client and documenting the entire
process in an accounting manual. This process is geared
toward the specific needs of each client. Our goal is to
ensure that the accounting system meets the needs of the
company and can be used for an extended time period.
"We refuse to take a cookie cutter approach to
designing accounting systems and insist that clients
actively participate in this process. "RB
Most
companies do not have the luxury of planning their
business’s growth and success. The reality is they do
what they must to survive and maintain. With this in
mind, Booth Management Consulting, LLC assist clients in
Business and Financial Planning. We prepare
comprehensive business plans that serve several
purposes: .To seek financing from banks and other
financial institutions .As a marketing tool for
submission to third parties. .In connection with the
preparation of various certifications and applications
.To respond to contract, bids and proposals for
services. As a working tool for daily use in the
business to keep management focused and track the
companies process Use of the business plan is so
extensive because it forces management to take a hard
look at all aspects of its business to plan its
direction. Business plans usually include an Executive
Summary, Company Overview, Industry Data, Marketing
Plan, Financial Statements, Projections, Personal
Financial Statement for its owners and other information
important to that particular business. Because of
importance and many uses of the business plan, Booth
Management Consulting, LLC encourages clients to make a
front-end investment by completing this process. Booth
Management Consulting, LLC also prides itself on
understanding the financing process for securing
capital. Many businesses are undercapitalized from
inception and often need capital to grow. There are many
different financing venues, especially in the Baltimore
Washington Metropolitan area, that Booth Management
Consulting, LLC works with on a daily basis. While the
preparation of the business plan is critically
important, the goal is to use the plan to get the
financing. "Booth Management Consulting, LLC
focuses on the ultimate result of getting capital for
our clients. "RB
Many
individuals and businesses are becoming more aware of
the importance of Succession and Financial Planning.
From the entrepreneurial client to the well-established
client, this planning is essential to protect the assets
and wealth that a business person may generate.
Generally we employ the assistance of one of our many
legal partners to prepare the documents for filing. We
provide valuable advice about accounting and tax issues
that affect the estate. Services in this area include
preparation of trust documents, estate documents, wills,
asset protection consultation, risk management
consultation and financial planning services.
Tax
Litigation services can be summarized by representation
before any taxing authority. This particular service is
intensive and all consuming. The process to complete
this service tends to be long and intense. Booth
Management Consulting, LLC takes an aggressive, yet
strategic approach, to this service. Nine years ago
there were few, if any, firms that had experience in
this area. However, we have over nine years experience
in this area and understand the policies, procedures and
the law that corporate tax law to provide the clients
with comprehensive tax planning. We prepare all
corporate, individual, partnership, joint venture and
other business tax returns on a monthly, quarterly or
annual basis as required. This includes preparation of
payroll tax re-turns, sales and use returns, franchise
returns, unemployment returns and other such returns.
When applicable, we do advise clients on the most cost
efficient method of receiving these ser-vices. For
payroll return requirements, we may recommend a third
party payroll
Tax Litigation
Tax
Litigation services can be summarized by representation
before any taxing authority. This particular service is
intensive and all consuming. The process to complete
this service tends to be long and intense. Booth
Management Consulting, LLC takes an aggressive,
yet strategic approach, to this service. Nine years ago
there were few, if any, firms that had experience in
this area. However, we have over nine years experience
in this area and understand the policies, procedures and
the law that we use to effectively represent our clients.
Once again, we take a comprehensive approach to this
service by taking the individual and business factors
into consideration. We prepare documents such as the
Offer in Compromise, Abatement of Taxes, Subordination
of Federal Tax Liens, Discharge of Federal Tax Liens and
many other forms that need to be completed. However, we
also present a strong legal argument based on tax law,
which details factors that help to increase the
likelihood of a favorable outcome on behalf of our
clients. This is where we distinguish our-selves from
other firms providing these services.
Our
approach to providing Tax Planning and Preparation
services is comprehensive. We do not separate individual
and business tax implications for those clients who are
business owners. We strongly recommend that our clients
meet with us on a quarterly basis not just at year end.
The reality is tax planning is the valuable service in
this process, the actual preparation of the tax return
becomes a by product. We use our tax knowledge of
individual and corporate tax law to provide the clients
with comprehensive tax planning. We prepare all
corporate, individual, partnership, joint venture and
other business tax returns on a monthly, quarterly or
annual basis as required. This includes preparation of
payroll tax re-turns, sales and use returns, franchise
returns, unemployment returns and other such returns.
When applicable, we do advise clients on the most cost
efficient method of receiving these services. For
payroll return requirements, we may recommend a third
party pay-roll processing company such as ADP.
