Our Expertise
We focus on the foundational structures consistent across all businesses, but at the same time offer a unique approach. Understanding that all businesses share the same building blocks, we put focus on building a solid base from which you can operate your business; at the same time offering an individualized path to get to the end result.
Accounting
Our accounting services span from on-going maintenance and record preparation to creating and developing a new record keeping system for your business. Accounting in not only required for all businesses, it is one of the best tools to successfully run your business. We are of the opinion that accounting records should be kept consistantly and accurately to be utilized for decision making, business financing, and understanding your business valuation. We will never tell you that books should be put together in order to file a required tax return. Our goal us to help our clients maintain contemporaneous and accurate business records in the most efficient way possible. We are in the "record keeping" business and understand that our clients are not. We do our best to keep things are simple as possible so you can focus on what you do best.....which is your business.
Tax Services
Taxes are a part of every business. We specialize in tax preparation of business entities. Whether your business is structured as a corporation, s-corporation, partnership, non-profit, or sole proprietor, we can help you through the tax processes. Perhaps you operate a farm or own rental properties and need assistance in handling the tax reporting. Along with tax preparation, as enrolled agents we also represent taxpayers in matters with the Internal Revenue Service. When it comes to taxes, we believe that the planning is on-going, with preparing a tax return being the end result of how we operated our business throughout the year. We encourage year round communication to stay on top of the possiblility of making good decisions that can help reduce tax liabilities...legally. Taxes are predictable and by planning ahead, we can eliminate the surprises that face many clients at tax filing time. Since we cannot change the past, we believe that planning the future gives us the best opportunity to understand where we will stand with income taxes. We offer tax services to all business entities and their owners in order to provide a full circle tax plan that is most beneficial to our clients.
Consulting/Coaching
Foundational Business Solutions offers business consulting and coaching. We understand that there are times when business owners need a little bit of extra support to help them navigate the murky waters of the business world. It is not uncommon for business to be going along without a glitch and then all of a sudden you are in a situation that is unfamiliar. That is where we can step in to help share our knowledge and expertise. We offer solutions to the ordinary and not so ordinary business situations.
Training Services
Training services are available for both business owners and their staff. The Chinese philosopher Lao Tzu said “If you give a man a fish, you feed him for a day. If you teach a man to fish, you feed him for a lifetime.” Often times we meet business owners who have a greater need for knowledge and learning than they do to have a task completed for them. We want your business to be successful and a key to success is well trained staff. In many situations business owners have all the resources they need to handle the record keeping, but they lack the training on how to do so properly. This often results in a messier tax return process and higher costs for tax preparation fees. Let us help to train your office staff and bookeepers so you can spend your time managing your business.
Project Leadership
Every once in a while there is a project that needs to be tackled and due to lack of resources within a business or lack of knowledge and time, these projects get pushed off. Often times the completion of these projects would result in a positive effect for the business, but owners have difficulties fitting them into an already overbooked schedule with lack of extra staffing. For large corpoartions with many employees fitting in a project is more doable, however many businesses here in our state are small family owned businesses with just a few people assigned to complete the day to day activities. We can step in and help you complete these projects.
Marketing
With a background in market management here in the State of Maine, we can assist you in finding your place in the local market. Whether it be conducting market analysis or helping you with advertising, we can offer guidance. With a large network of contacts, we can direct you to various areas of marketing that are right for your company.