Business Exit Planning Services

Did you know that 70% to 80% of businesses listed do NOT sell? The two main reasons are lack of proper planning and owner dependence.

Deb Meyer, a Certified Exit Planning Advisor, is committed to helping small business owners maximize the value of their business, take personal financial plans to the next level by incorporating charitable giving strategies, and enjoy future adventures. Sadly, she has witnessed too many small business leaders who work so hard in the business, yet come to the end of their career and find out they are not ready to successfully transfer the company to another person (even family). These entrepreneurs missed the opportunity to grow transferable business value through exit planning.

One common calculation of business value is this:

Value = Earnings x Market Multiple

Entrepreneurs spend a lot of time focusing on earnings. However, many of them underestimate the impact of the Market Multiple. This is an industry-specific range determined by the Private Capital Market. Entrepreneurs DO have control over where their company lies within this range by focusing on the four intangible capitals:

• Human talent within the company

• Customer strength and longevity of relationships

• Structural back-end infrastructure, including defined processes and accurate financials

• Social culture or team environment

Maybe you’re not ready for an exit.

That’s OK. We’re still here to help.

Formerly SV CPA Services, WorthyNest® now provides cloud-based accounting, payroll, and tax services to established small business owners seeking to align business and family financial goals. Below are five benefits of working together.

Other Small Business Services

Accounting & Bookkeeping

Working with us alleviates the stress of not knowing the state of your finances. Our experienced professionals not only keep track of where your money is going but also help you plan for future business growth. Eliminate surprises and meet tax obligations by working with us. The data we provide gives you financial insight to take your company to the next level. It helps you plan wisely for future growth and make important decisions.

Stop spending all your time at a desk and do what you love. You can drastically cut down the amount of time you or your employees spend on bookkeeping matters by utilizing QuickBooks Online ("QBO"), the most popular accounting software for small business owners. Our QBO accounting services include:

• Determining the right fit for your needs

• Activating a subscription and training you on QuickBooks Online

• Issuing unaudited owner-level financials monthly or quarterly

• Using financials to make informed business decisions

• Planning for tax liabilities ahead of time instead of surprises on April 15th

Payroll

Is your current accountant using outdated payroll methods while your employees wait on paper checks to cash every other Friday? Or are you trying to run payroll yourself and stay compliant with state regulatory agency requirements? Payroll shouldn’t be so stressful.

WorthyNest® takes the guesswork out of payroll processing for accounting clients. We partner with Gusto, a trustworthy full-service and online payroll provider. Payroll can literally be run in a matter of minutes! Gusto doesn’t just calculate your payroll taxes. They remit the appropriate taxes to the right governmental agency each time you run payroll. Additionally, their software plays nicely with others such as QuickBooks Online. Besides providing payroll services, Gusto offers employee benefit programs such as:

• Health reimbursement or small group health insurance

• 401(k) solution through Guideline

• Worker’s compensation insurance

Tax Consulting & Compliance

We help clients reduce their tax liability through proactive reduction strategies and careful planning. Effective tax planning takes experience and in-depth knowledge of the very latest changes to the tax law. It’s not about gaming the system but rather finding opportunities to legally lower your taxes. We have what it takes to help you create an effective long-term tax plan. When you partner with us, we’ll work closely with you to identify and implement effective tax-saving strategies, including:

• Taking advantage of all available tax deductions

• Deferring income when possible so that it’s taxed at the lowest rate

• Choosing the right accounting methods for your business

To give personalized attention to clients during tax season, tax preparation services are only offered in conjunction with other ongoing WorthyNest® services.