At Consult Vera, we’re different. Yes, we’re the numbers people, but we make it fun for you and show you how to think about what lies behind all those numbers.
As experienced CPAs, we educate clients on their rights, but also the responsibilities of understanding their finances and tax liability. Paying taxes isn't as bad when it’s done wisely.
Our array of services ranges from bookkeeping, accounting, analysis and explanations of financial statements, tax preparation, planning and audit assistance. We partner with you to help you pay fewer taxes, and make the right decisions.
I opened my accounting firm not only so that I could focus on my family, but to address the two most challenging questions businesses face today – sustainability and marketability.
Sustainability
Business owners go on their own so their services are well rewarded and can have flexibility. Getting their books done or their taxes prepared on time should be the least of their worry. Our goal is not only to complete those tasks swiftly but also to ensure they understand paying taxes may open more doors in their favor.
A business can be seen as something that sustains us, but it can also be viewed as an asset if strategized correctly. Every business owner yearns to show as many deductions as humanly possible, so they pay the least amount of taxes. But that also means the business shows far lower income.
What’s the advantage of showing more income? Here's an example: Scott owns a small manufacturing company. His tax return always showed less in net income and lower taxes. But those returns limited his business goals: to buy a commercial building - because his returns showed lower revenue. We analyzed his expenses and moved some tools and equipment to inventory and fixed assets, where they rightly belonged, thereby increasing income. He paid more in taxes, but showing a two years of improved revenue allowed him to qualify for a loan.
Another client, Emily, is an amazing baker, but her location wasn't attracting as much business as it should have. We educated her on revising her accounting to recategorize some of her expenses and the next thing you know she qualified for a line of credit that allowed her to move to a better location and even hire an assistant.
Marketability
How many business owners close after operating successfully for decades? They could have passed it on to the next generation or sold their business. Knowing the potential for marketability has become more imperative now than ever with businesses not preparing adequately for retirement.
One of our strong suits is ensuring our business owners are ready for that. We have clients whose business is inventory-based, client-based, or the owner themselves are the assets. All businesses have the potential to be sold. If Ford could succeed after the demise of its creator, so can yours, and build generational wealth.
We have historically helped clients learn the strategy of showing their financial flair to ensure buyers and lenders see their potential.
In today’s world, merely preparing taxes isn’t enough. Evolving with changes while staying humble and encouraging clients to ask questions while willingly sharing knowledge not only stands out, but should become the new normal. As lifelong learners we find the custom solution while fostering differentiation and revealing new opportunities.
We are all about doing the right thing for you and your business. We are committed to principled actions and fair practices. We own up, be accountable for the quality of work, supervise, and follow through on commitments.
Our care for our clients and quality is reflected in the quality of the service. Our dedication to the clients is exemplary. From forecasting to identifying issues to mitigate, we possess the ability to make you understand your business at a new level.
Jaye Subramanian, Consult Vera
703 Hebron Ave., Suite 2A
Phone: 860-994-2791
Email: Office@consultvera.com
Online: Consultvera.com
As lifelong learners we find the custom solution while fostering differentiation and revealing new opportunities.