Where do you want to grow?

Helping Companies Through Every Stage of Growth

Larson and Company has developed a suite of services specifically to serve the needs of small to medium-sized companies. With our expertise and experience, we have helped guide numerous companies through the various stages of their businesses from infancy to maturity, and provided owners with accurate and insightful views of their business operations to allow them to focus on fulfilling their vision at every stage of growth.

STARTUP (SEEDLING)

Synopsis: In this stage, owners have prototypes of products or service packages that are ready to be offered and are ready to introduce them to the market. Additional expenses besides start-up expenses are incurred and may now require more regular payments for leases, service providers, and suppliers. Owners want to start selling and get feedback from the market regarding their products. Sales trends from the Company’s accounting system and customer feedback can be used to understand the reception of the market. Owners want to focus solely on the path to market and to make sure they have enough money to continue to operate. 

Typical Startup Issues

I have a product now, how do I start selling it?

I am confused about debits and credits. Which side goes where? Whys is it different from my bank statements?

How do I cut my first check?

I have too many checks to cut, how can I do this faster?

How much employee payroll tax do I need to withhold? How can I do this faster?

What tax forms do I need to file for my Company or Partnership?

What are journal entries?

Do I have enough cash for the next month?

Our Solutions

Accounting Software set-up

Bookkeeping services

Payroll services

Tax planning services

Federal and State Tax return preparation

Fixed Asset management services

Affiliated partners business digital storage services

 

GROWTH (GERMINATION)

Synopsis: In this stage, the product is now tested and people love it! There is a growing demand for the product or services offered but there may not be enough resources to meet demand. The Company is consistently generating revenue and adding new customers. Recurring revenue will help pay for operating expenses and open up new business opportunities. Sometimes there is a long lead-time from a customer’s order to delivery because of the lack of inventory or resources. Businesses during this phase may be operating at a net loss and will need additional investors or lenders to help supply the resources they need to meet demand.

Typical Growth Issues

My investors are asking for a financial statement. What is that and how do I prepare one?

Who pays for the taxes in my partnership?

How do I remit my sales tax that was withheld?

What states do I have nexus in?

How do I appropriately track my inventory?

I have purchased new equipment. How do I account it for book purposes? What about for tax?

How much depreciation should I record for depreciation of property and equipment?

How do I get potential investors interested in my business?

What are the different rounds of funding?

Larson Solutions

Financial Compilations

Bookeeping services

Payroll services

Tax planning services

Tax consulting

Federal and State Tax return preparation

Estimated Tax Payment Calculation

Tax provision services

Fixed assets management services

RAPID GROWTH (EXPANSION)

Synopsis: The Company is now thriving and it has established its presence in the industry. There is enough money generated by the Company to sustain itself without additional assistance from investors or lenders. However, there are more competitors in the market place that are taking away some of the business’ market share. In order to maintain market share, additional revenue streams will need to be developed. The Company may also need to be compliant with additional covenants from customers, lenders, investors, or regulators. Since more employees are involved, and owners are not as involved in every aspect of the company, there is a greater opportunity for theft or financial misstatements. It is crucial for companies to design appropriate processes and controls to limit such threats. Additionally, the Company is considering more employee benefits to attract talent.

Typical Expansion Issues

My bank or investors are asking for reviewed financials or audit of GAAP financials, how do I get one?

My client is now asking for some sort of SOC audits. What is that and how do I get one?

What controls should I have in place to prevent theft or financial misstatements?

It seems like my tax rate keeps going up. How may I lower my tax rate?

I am hearing that I can deduct all of my equipment purchases for taxes. Is that true?

Larson Solutions

Federal and State Tax return preparation

Financial Audits and Reviews

Service and Organization Controls (SOC) audits over financial processes and IT security

Merger and Acquisition Advisory Services

Tax planning services

Tax consulting

Estimated Tax Payment Calculation

Tax provision services

401K management

401K audits

Internal Audit Services

Affiliated partners business valuation services

Controls assessments

 MATURITY (BEARING FRUIT)

Synopsis: In this stage, the Company is now mature and is a leader in the industry. Business could still be growing but not at the substantial rate it previously experienced. The Company is generating significant amounts of cash but may stay relatively stagnant. Some of its revenue streams may be waning due to lower demands or other disruptive technology. Owners may be looking at exit strategies (selling to others or IPO) or other potential new revenue avenues through development or acquisition that may be completely different from what they are doing now. Board of Directors of the Company may require audits performed regularly to maintain appropriate oversight of the Company or for registration with the PCAOB for public trading.

Typical Maturity Issues

A potential buyer is asking for all sorts of documents. What do these requests mean and how do I get them?

How much documentation is appropriate to provide for potential buyers?

I want to create a new business that may be separate from my main business. Should I create it as a DBA or a new company all together?

How often should my controls operate and how should they be documented?

What is the process to becoming publicly traded?

I have acquired a new company, how should I account for it?

What is my company worth?

I think someone may be embezzling company funds, what should I do?

Larson Solutions

Federal and State Tax return preparation

Financial Audits and Reviews

PCAOB registration audits

Agreed-upon procedures attestation services

Service organization control (SOC) audits over financial processes and IT security

Merger and acquisition advisory and tax Services

Tax planning services

Tax consulting

Estimated Tax Payment Calculation

Tax provision services

401K management

401K audits

Internal audit services

Fraud examination services

Affiliated partners business valuation services

Controls assessments

Business succession planning

Retirement planning

Discover How We Can Help Your Business!  Schedule an Initial Consultation:

Our team of experts is ready to serve you!

OUR LOCATIONS

Salt Lake City, UT
11240 South River Heights Drive, South Jordan, UT 84095

(801) 313-1900

Spanish Fork, UT
765 N Main
Spanish Fork, UT 84660

(801) 798-3545

Moab, UT
285 S. 400 E.
Moab, UT 84532

(435) 259-9100

St. George, UT
321 N Mall Drive, Bldg. R
St.George, UT 84790

(435) 674-6789

Las Vegas NV
Larson, Swan + Gardiner

9005 W Sahara Ave
Las Vegas, NV 89117

(702) 869-9700

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