A few ways we’ve helped clients obtain greater financial certainty.
Client was facing a short-term liquidity crisis. We analyzed their financials to uncover root causes and provided an action plan to immediately correct the systemic issues and manage their way out of the liquidity crisis.
Client's books were not delivered in a timely matter by their previous bookkeeper. We implemented our proprietary paperless workflow that resulted in on-time delivery of financial statements and reduced the business owner's interaction in the accounting process by 50%.
Client's business is very cyclical, which created workforce planning problems. We developed a plan to utilize contract labor that reduces the strain on the permanent employees and substantially increased profitability
Client's workforce is compensated primarily based on commissions. We developed a solution to streamline their commission calculations model and identified calculation errors in the previous method that resulted in inconsistent payments to the workforce.
We reviewed a client's books as part of a tax planning exercise and identified that the prior tax preparer was incorrectly including accounts receivable and accounts payable. We amended the tax returns and the client received over $12k in taxes back from the IRS.
We performed an evaluation on a client's books and determined that their outsourced bookkeeper had not reconciled several accounts for over two years. We corrected the financials and determined that income was substantially overstated and that taxes were significantly overpaid to the IRS.
Client established two financial goals: increase monthly draws by 200% and overall debt by 50% over the next twelve months. We developed a financial forecast to determine how to reach these goals and implemented a set of action steps.
Client acquired a new business but was not receiving the appropriate financial data to assess the performance of the business. We mapped the acquired business's accounting and finance processes and developed a roadmap that results in substantial cost savings and the information necessary to assess the company's health.
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The most daunting part of getting a small business started for me was the tax reporting. Kyle was very helpful and spent the time to help me through a step by step process in filing my quarterly estimated tax and proved that it wasn't that difficult to do by myself. They also didn't ask for payment, instead recommended when my business is large enough to then seek their professional services. Awesome firm!
I have worked with Nth Degree since their inception and have been extremely satisfied with their professionalism, forthrightness and guidance throughout the years. I appreciate the fixed fee contract basis, as this is how I prefer to structure contracts in my own business. I also know that my dealings with Nth Degree require quite a deal of back and forth due to my personal lack of tax knowledge, and the fixed fee ensures that I'm paying a fair price for their service. They are a top-notch group of people that are trying to reinvent the traditional accounting model.
We've had a great experience working with the awesome team at Nth Degree. Our family has several businesses in Tacoma, and their team was extremely thorough reviewing all of our financials and creating a customized plan for the future. Having an accountant who thinks strategically and really understands our goals has been a game-changer!
We’ve tried many other accounting firms but Nth degree CPAs is where we will stay for the long haul. They provide great, easy to read and consistent reporting, a staff that cares and can easily modify report as you require. They can also coach your company to the next level of profitability. We went from a 100k company to a multimillion dollar operation under their wise counsel.
We are a growing business with expected future needs in specific forms of accounting and financial planning. Nth Degree provides the perfect stepping stone for our business. I would recommend them (and Chet specifically) for any business looking at near-term growth.