Accounting
If you are struggling to keep up with the accounting tasks for your business, you need to hire a professional. If you are just starting, or your business is growing, we help you stay on top of all the tax deadlines to ensure your finances are in order.
Accounting Services we offer:
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Monthly Reports and statements
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Profit and loss statement
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Balance sheet
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Bank reconciliation
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Payroll reconciliation
At Laurel Wreath Consulting LLC, we help take the pressure off you and your staff. You will no longer have to worry about not knowing what your business’s current financial standing is. Our Services will help you effectively manage your finances by showing you where your money is being wasted and how you can improve. When you work with Laurel Wreath Consulting LLC, we sit down with you to learn about your business goals and identify opportunities that will improve the profitability of your business.
Internal Audit & Risk Services
Our internal audit professionals can work with you to understand your business strategy and its associated business drivers, and how that strategy is delivered through an appropriate operational business plan and process framework. Your stakeholders will benefit from experienced independent professional evaluations and a review of the quality and effectiveness of the control environment within your organization.
Where areas are identified for improvement, we can work with you to help you identify solutions and achieve your objectives.
Services include:
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Advising your management team to develop workable internal controls that enhance the control environment.
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Providing advice on how to implement an effective and secured internal control environment.
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Advising on how to manage core operational risks, especially those related to the reliability of business operations.
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Assisting with linking operational strategies and risk performance measures to business goals.
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Assisting with change management and business awareness processes by helping make the transition from existing practices to more efficient and focused approaches through training and assisting staff in the development of new skills.
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Evaluating the key structures, dynamics, and processes required to underpin effective corporate governance.
International financial reporting standards (IFRS)
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Is your understanding of IFRS fully joined up?
We can guide you through the business implications of IFRS
If your organization, is an internationally-active growing organization with plans to expand into overseas markets, you need precise, tailored advice on IFRS.
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International expansion plans often involve cross-border acquisitions or joint ventures abroad, raising international debt finance, developing relationships with private equity houses or raising capital from the equity markets, whether at home or abroad. Such transactions are increasingly likely to call for a detailed understanding of IFRS.
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In our firm, we have experts in IFRS who have developed over a number of years of in-depth expertise in FRS and its Implications in local markets whose will support and guide your business through a range of potentially complex IFRS issues
Our IFRS services include:
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IFRS conversion projects
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Due diligence in an FRS environment
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valuations involved in business combinations and implementing the acquisition method.
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Advice on structuring share option plans and other share-based payments.
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Reconciliation between IFRS and other GAAPs (local GAAP)
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IFRS training and technical assistance
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Assistance in the preparation of IFRS accounting manuals and their implantation
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Preparing & establish internal policies & procedures
Assess our clients in preparing or reviewing and modifying their internal policies and procedures to increase internal control and decrease the possibility of fraud.
Profitability study
We can perform a profit improvement review to identify and address high-priority opportunities and provide assistance in monitoring analyzing and managing costs and controlling purchasing and inventory levels.
IT audit and Advisory services
We provide an effective, well-managed IT system which is one of the most valuable business advantages an organization can secure. The right technology, implemented properly, appropriately managed, and monitored, can lead to significant gains in growth and efficiency. It is essential to get sound business advice to ensure technology risks are managed. We work with clients to analyze business technology issues within their businesses. A client might approach us for assistance with:
A) Software Developing: We designed and developed software specialized in Auditing, Accounting, and timesheet tracking.
B) Developing an appropriate IT strategy: We work with clients to develop a clear IT strategy that fully supports their business objectives.
C) Sourcing: We offer guidance on the most appropriate strategies for outsourcing or off-shorting IT services and ensure effective controls are implemented.
D) Cost optimization: We work with clients to help identify the most effective ways to cut business costs.
E) Regulatory and compliance: We are well placed to assist organizations with regulatory and compliance needs. We have the largest deal of experience in identifying and controlling financial and operational risks embedded in business system
Tax planning & Preparation
Preparing daunting piles of paperwork for tax season is a stressful and complicated endeavor. We offer our clients the most professional tax planning and preparation services. Our experienced firm is trained to look for deductions and credits and we always stay up to date on tax rules. In addition, to make sure your business is compliant with tax, we also suggest strategies that will maximize your profits.
Tax Preparation Services we offer:
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Electronically filed for a quick refund
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List potential deductions
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Recommend tax-saving strategies
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IRS problem resolution
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Identify tax penalties
If you own a business and need help with taxes, working with one of our professional accountants at Laurel Wreath Consulting LLC can help save you time and money.
Business Consulting
As an entrepreneur, we know you have a lot on your plate. We want to help alleviate the stress involved with making important financial decisions. Our trusted professional business consulting team offers intelligent solutions to help our client’s businesses grow with confidence. We work closely with you to determine your needs and develop strategies that align with your financial goals. We provide you with accurate reports with critical analysis so you always know where your business stands financially. As your consultant, our focus is on your long-term business goals.
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Business Consulting Services we offer :
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Financial Planning
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Income Tax Planning
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Estate Tax planning
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Investment Consulting
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Management Consulting
Our team of financial experts looks forward to helping you reach your business goals.
Training
Our company provides training in accounting and administrative fields such as (International Financial Reporting Standards, International Standards of Auditing, Project management, and Human Resources) by qualified trainers and holders of professional certificates.