We focus on the emerging business arena, working primarily with closely-held businesses and their owners in the area of reporting, income tax planning and compliance.
We work well with business owners that want more efficient transparency in their financial reporting, and a more hands-on relationship with their CPA. That’s done by implementing efficient best practices in their monthly closeout process and data gathering, consolidating the information across all entities, and automating the monthly report dispersal of their consolidated financial statements.
We work with clients that are focused on what they do best, and allow us to focus on what we do best. That happens by adopting technological innovations that help us and our clients focus on the work we do best, eliminating the inefficient manual processes that have plagued our industry and clients for so long.
Our services are based on continuous, real-time advisory and tax planning services. Services that are driven by a consistent centralized workflow (BaCo Tech) so they can be maintained in a manner where the year-end tax compliance and financial reporting process is the natural and automated result of the current period advisory services provided to you and your business.
Strategic Problem Solving
We look at problems our clients face as an opportunity to find a solution. Our systems help us efficiently identify problems and errors and deliver solutions back to our clients as they occur rather than months down the road. And when our clients have common problems, we can create common solutions, and help implement those solutions.
Our professionals primarily focus on their client’s current year accounting and tax. We work with our clients on real-time tax planning and preparation, the related opportunities to maximize client value, and planning to minimize the taxes due from that current-year activity. Prior year services are limited to final review and administrative services related to electronic filing around gathering signatures from clients, rather than them being our primary focus.
Tax Planning & Preparation
Most CPA firms provide year-end tax planning as a byproduct of the tax prep services they provide to their clients. We view tax preparation as a byproduct of a proactive, real-time tax planning service based on your current-year information. At The BaCo Group, we work on our client's taxes in real-time, automating adjustments and entries for the tax return throughout the year, and delivering you a projection of your taxes based on the current activity going on in your business.
Financial Reporting | Our workflow is built around optimizing the ability to work with clients on an accrual basis. It does that with a focus on their Accrual Based EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) as that is what investors, lenders, and buyers use to determine the business's value. By working with clients on accrual-based reporting with a simplified EBITDA reporting style the BaCo Group maximizes the benefits of accrual-based accounting for the client.
Automatic Consolidated or Combined Reporting | Many business owners have multiple entities in which they have ownership or interest, and because of this, they have an unmet need. Because of our technology and workflow, we are able to provide our clients with automated accounting and reporting on a consolidated or combined approach for each of the businesses the client owns, regardless of the accounting platforms they run on.
Current Income Tax Reporting | Because the process of recording adjustments is automated and recorded inside the BaCo Group’s workflow, we can give our clients access to reports that show them their current income tax based accounting within the same set of reports.
Because of our workflow and our ability to work off of real-time, current year accounting data, our consulting services allow us to guide you based on your current decisions, not decisions made in the past. Rather than showing you where you've gone off course in the past, we are able to help you stay on course in the present and better plan for the future. We are able to provide guidance and real-time, and quickly address questions and concerns as they arise throughout the year.
We are dedicated to delivering the same standard of excellent services to all of our clients. Our difference not only lies in our workflow and technology but in our philosophies and focuses. We have greater efficiencies than any other of our competitors because our solutions are driven by simplifying tasks so that we can automate them and deliver the same standard of service to every single one of our clients. We are dedicated to constantly improving our systems so that we can continue to provide better, more proactive services for all of our clients.