Advisory Services – Millwala Associates

We provide value-added services to help you organise and run your company profitably. We offer unbiased evaluations of current businesses as well as assistance to start-ups. We work with you to create policies and processes to safeguard important assets and carry out audits to make sure your records are accurate. Gaining more knowledge, control, and efficiency is advantageous to you.

New Business Formation

Are you considering becoming a small company owner? You’ll need a business and financial counsel who can assist your dream take flight while keeping your feet firmly planted on the ground along with a fantastic idea and a deep understanding of the market you’ll service.
We can support you in the following ways:

Create or improve your business plan along with the budget and pro forma financials (Balance Sheet, Income Statement, Cash Flow).
Choose a business structure that meets your objectives by taking tax benefits, legal exposure, operational convenience, and portability into account.
Create partnership agreements as necessary to prevent future financial or emotional hardship
Create and submit the necessary licences and permissions for the state and localities.
Obtain your Federal Employer Identification Number by submitting an application.
Determine the need for startup money and the resources that can be used to meet it.
Examine your borrowing capacity and offer guidance on how to develop a banking relationship that benefits both parties.
Determine the insurance needs of your company.
To increase your cash flow, establish billing and collection procedures.
To increase your cash flow, establish billing and collection procedures.
Create processes to keep an eye on and manage expenditures.
If you hire employees, provide payroll services and payroll tax filing.

We’re ready to help your company get off to a successful start. To learn more about our services for new business formation, get in touch with us.

Business Valuation

We offer unbiased evaluations of company interests by assisting you in locating and examining the important variables that influence value. We look at:

The findings assist you in making decisions as you acquire or dispose of business holdings, form partnerships, bargain with outside parties for loan or equity financing, manage a marital separation, or settle estates. Our experts can advise clients during due diligence and offer qualified testimony in court.

Get a free consultation on our business valuation services by getting in touch with us.

Internal Controls

We assist you in setting up the necessary internal controls to guarantee efficient resource management and prevent employee theft. Among the finest practises are:

dividing up the work across several people to spread out the risk of inaccuracy and bad behaviour
Establishing power structures and the procedures related to transaction approval
Appointing a person who was not involved in carrying out transactions or creating statements to be in charge of conducting a regular examination and reconciliation of financial records
Arranging for routine hand counts of inventories, equipment, and other tangible items to make sure they correspond to the accounting records
Creating rules and procedures documentation to serve as a road map for your staff's daily tasks
Establishing appropriate amounts of continual supervision and educating personnel on their specific job responsibilities
Checking outcomes to see if they are in line with specified goals, objectives, and protocols

Audits, Reviews, and Compilations

Depending on the requirements of your business, we provide three levels of financial statement assessment:

The highest level of assurance we can offer is an audit. In order to provide a qualified opinion on the accuracy of the information provided, it includes a systematic review of the financial statements, internal controls, and a select few transactions.
A review is a more condensed study that aims to give some assurance that significant changes to the financial statements are not necessary. High level examination, year-over-year comparison, inquiry, and analysis are the main components of testing. To support the financial data, it does not look at the backup information. For specific outside interests, a review can be sufficient.
Data provided by the client is presented in a compilation in financial statement format. The accountant offers no guarantee because no testing, inquiries, or analytical procedures are carried out. Typically, an internal audience uses this service.

To discuss your requirements for financial statement analysis, get in touch with us.

(281) 948-6215