Determine sound management policies; analyze your financial results, benchmark with your peers. The operational plan, while intended to act as a guiding beacon, is also meant to be flexible. An operational plan can be written as an overall general business guidance, but also can and should be broken down into a yearly plan every 12 months.
In today’s competitive environment, businesses must strive to streamline processes and leverage technology to achieve effective change management. This includes process improvements for financial processes, integrating risk considerations into performance management activities, and reducing working capital. Implementing these processes result in improvements to cash flow, control and optimization of costs, and risk management.
If you are an existing business, and are seeking expansion or advising regarding improving your business operations, North Bay Business Advisors can help. If you're looking to expand or take on new investors we can assist your business in tackling these issues head-on and determine the next steps to take your company forward.
The experts at North Bay Business Advisors can help you identify risks, determine your company’s vulnerability for each risk, prepare contingency plans, acquire the right types of insurance and monitor and adapt as needed.
North Bay Business Advisors will help you select an accounting software to use, setup a start date, find and assemble all of your business records, setup your general ledger accounts and enter transactional data.
Let North Bay Business Advisors setup your business' payroll. We'll help you apply for an Employer Identification Number (EIN) from the IRS, register for state taxes, determine your State Unemployment Tax (SUTA) rate, buy Workers Comp Insurance (required in most states) and post required notices and posters around the workplace.
On your employee's first day we'll file a signed Federal W-4 form for tax withholding (available here) and file a signed State W-4 form ( available here). Soon after your new employee begins working we'll file a signed I-9 form for work eligibility verification (within 3 days) and register your new employee in California's New Hire Reporting Program (within 20 days).
If getting new employees set up on payroll sounds complicated, you’re not alone. Let North Bay Business Advisors take care of your small to medium sized business' payroll setup.