COLUMBIA MD ACCOUNTANTS
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​​Financial Planning

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Financial planning - whether it’s for a small business, large business, or personal reasons – is crucial to maintaining a budget and forecasting the anticipated costs for projects, ongoing finances, and much more. When one decides to take up financial planning, it's usually to manage the existing numbers with future ones and to calculate new or incoming costs in the meantime. We offer our assistance to clients that need professional, financial planning services for all aspects of their financial dealings, regardless if it's business or personal.
 
Business Plans
Thinking of starting a new business or do you have one already opened that could use some financial reconstruction? We offer business plans for large and small businesses that are tailored to their size and functions and allow them to plan and budget on how to handle their finances. Our business plans are based on existing companies with similar business models or products, as well as the market in which you're planning on influencing with your services. We take into account numerous aspects that could affect your company's spending, such as renting a location, shipping products, licensing for services, and much more.
 
Financial Risks
Calculating financial risks is part of the financial planning process. This is because financial risks are often associated with what the company anticipates spending their budget on and determining how much of that budget should actually be used. For example, if a company wants to launch a new product or service, mapping financial risks can include the costs of launching the product or service, the setup, the labor, and other side costs that it will take to do so successfully. The financial risks incurred from such a launch could be that the product or service requires more labor than originally planned for or other resources available that would require extra costs. Furthermore, financial risks also help evaluate the market in which you’re planning on launching such businesses in and planning how to compete and be successful, where needed.
 
Budgeting
Budgeting is an important step to having a financial plan that’s profitable and sustainable. Budgeting is the process of creating and forecasting the anticipated costs associated with running your business and what kind of revenue you can expect from your investments. Going over budget or not having one at all can cause you to overspend and overuse resources that may have otherwise been available elsewhere. Instead, budgeting helps keep track of what funds you do have available and what returns you had from the previous year if any.
 
Retirement and Education Planning
Saving for retirement and education are two hefty items that many might find trouble in doing strategically with their current budget. With the cost of retirement and education rising yearly, it’s difficult to keep up with the changing costs and regulations that come with them. We provide professional assistance for those that are anticipating saving for retirement 401k funds, as well as 529 Plans, or both, and how to calculate and manage those funds throughout the years. 
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COLUMBIA MD ACCOUNTANTS
443-315-2304
​Columbia, MD
  • Home
  • Our Services
    • ​Tax Preparation
    • ​Accounting
    • ​Bookkeeping
    • ​Payroll Services
    • ​Financial Planning
    • Audits
  • About Our Company
  • Get In Touch