A Business Assessment Can Improve the Health of Your Tax Practice

It’s important to get a regular physical examination. It helps you maintain your health and better manage any physical conditions you might have. But what about the health of your tax practice? Is there a financial exam that could help you maintain and even improve the health and profitability of your business? There sure is, and it’s called the business assessment.

But first, what is a business assessment? It’s a study that compares your business to successful competitors of equal size in order to identify areas of improvement for short and long term action. Another word for it is “benchmarking.”

The Benefits of Benchmarking

Ah, yes, benchmarking. One of those great business buzzwords. But it’s a buzzword for good reason. A “hot” management technique that survived the boom of the 1990’s, it’s the best way to uncover performance gaps in an organization. When you benchmark against competitors it helps you and your managers remained focused on your markets and takes the guesswork out of competitive analysis. It also provides a yardstick for improving competitiveness, because it helps you compare your business with your competition to see how its profitability can be improved by taking very specific measures.

Here are just a few more things benchmarking can do for your business:

• Diagnose strengths and weaknesses compared to your industry.
• Learn which of your financial measurements need the most improvement.
• Create profit projection scenarios to improve your competitive position.
• Train your managers to take action based on performance results.
• Position your company name more favorably for financing.

UAC Provides Customized Business Assessments for Your Tax Practice

Universal Accounting Center (UAC) is in the business of seeing small businesses like yours succeed. And we know one of the ways to accomplish that is to provide you with all valuable information of a customized business assessment. How does it work? From several of your company’s key business metrics, we will run a full analysis of the financial health of your organization. This includes a follow-up counseling session with one of our profitability coaches to help get your business on the fast track to increased profitability.

Universal’s reports will interpret and explain your industry benchmarks and provide the following customized features:

• Executive Summary highlights strengths. Weaknesses and key point.
• Industry percentile rankings shown for 20 major financial ratio.
• Interpretation of variances from industry norm.
• Bold Graphs that show comparison.
• Profit improvement “what if” financial capabilities.
• “Discussion Ideas” section that provides a springboard for action.

Click here to view a sample business assessment performed by Universal Accounting Center.

You owe it to your business to get a complete financial picture of how your business compares to others in the industry. Add to the detailed analysis provided in your business analysis an hour of business consulting, and you have an amazingly great value.

It’s time your business’s health was examined. It may not be what the doctor ordered, but it sure will give your business a longer, more vibrant life. Order your business assessment now!

Buy now!