Areas of Practice

Financial Packages

One of the services The Siress Group offers is preparing financial packages for board meetings. We help structure your financial data in a way that provides investors with a clear understanding of the business's financial state enabling them to make educated decisions as well as secure their confidence.

Financial Package preparation services include:

  • Performing Financial Statement Analysis

  • Calculating Monthly Burn Rate

  • Generating Budget to Actual Variance Analysis

Audit Ready

Preparing for an audit is proactive business planning, and The Siress Group is an invaluable asset to your company in this process. We can prepare audit-ready financial statements utilizing the balance sheet approach and manage the audit process to completion. Services related to preparing for an audit include:

  • Reconciling and preparing supporting data for all balance sheet accounts

  • Preparing audit schedules and footnote disclosures

  • Preparing Income Statement Analytical Analysis, including explanations for significant variances

  • Managing the process to ensure timely completion

Budgeting & Cash Planning

Successful companies continuously and regularly set financial goals. Along with setting goals, comes pulling together the financial data to support and document your plan to achieve them. Projections and cash forecasting provide a benchmark for performance, goals, and future growth, as well as insurance for capital outlay. Services offered by The Siress Group related to budgeting and cash planning include:

  • Working with the executive team to develop assumptions

  • Utilizing historical data to see trends in expenses

  • Building a projection to include a balance sheet, income statement, and statement of cash flow

  • Calculating Cash Burn and identifying sources of cash outflow

  • Providing Actual to Budget variance analysis 

Outsourcing

Outsourcing your company's accounting functions to The Siress Group is a cost-effective way of doing business. By utilizing The Siress Group, which will perform designated functions on an as-needed basis, you will save on the salary and overhead it would cost to hire a full-time employee.

Our accounting outsourcing services include:

  • Entering and properly coding accounts payable

  • Generating disbursements

  • Creating invoices from purchase orders or contracts

  • Properly recording and recognizing revenue

  • Accounting for fixed assets & capital leases

  • Processing payroll

  • Maintaining all files and records

  • Month-end review of accounts and generation of audit-ready financial statements

  • Budget and Cash Flow Forecast preparation

  • Budget to Actual Variance Analysis

  • Preparing and filing all company tax returns

Tax Planning & Compliance

Planning for taxes is essential. Being proactive and performing an analysis before year-end provides you with opportunities to maximize deductions and credits within your particular industry. Allowing The Siress Group to incorporate tax planning into your financial infrastructure could have a significant positive financial impact on your business.

Tax planning and Compliance Services include:

  • Preparing Individual, Corporate, Partnership, Estate, and Trust Tax Returns

  • Utilizing company and individual goals to maximize individual and corporate tax deductions

  • Preparing quarterly tax estimates

  • Performing a tax calculation before the end of the year to estimate the individual and/or corporate taxes and implement tax planning options

Financial Infrastructure

Focus on your core competency, and let us focus on ours.

Developing and maintaining a solid financial infrastructure is essential for successful companies. Whether your company is a start-up, an established privately held company, or a foreign company establishing a presence in the U.S., implementing processes to strengthen your financial infrastructure is critical. The Siress Group will assist you in this process by providing the following services:

  • Selecting and incorporating an appropriate chart of accounts for new business

  • Setting up internal controls by segregating accounting duties to safeguard company assets.

  • Developing and documenting accounting policies and procedures

  • Assessing existing companies’ infrastructure needs and priorities

  • Deriving a plan to strengthen current infrastructure utilizing existing resources and budgets

Companies with high turnover in accounting stop receiving or begin receiving inaccurate information needed by decision-makers to make sound business decisions. Cleaning up a company's infrastructure and making the processes more efficient eliminates the probability of embezzlement and bankruptcy, providing you with the confidence and security that your business is safe. 

Chapter 11 Reorganizations

Economic conditions, change in ownership and cash flow are just a few situations that can lead your company to file for Chapter 11 Bankruptcy. The Siress Group will become your partner through this process as we have decades of experience successfully reorganizing companies.

Accounting for Chapter 11 Reorganizations include:

  • Reviewing and redesigning your accounting infrastructure to make it more efficient

  • Working with the owners and executive staff to analyze lines of business, profitability, and cash flow

  • Preparing Monthly Operating Reports (MORs) for the bankruptcy court

  • Working with Owners, Executives, and your Attorney to develop the Bankruptcy Reorganization Plan

When selecting an Accountant for the bankruptcy process, choosing someone to simply prepare the reports is not enough. You need a partner. You need someone who cares enough to do more, someone to help you and your financial infrastructure become more stable, someone to help you plan your future with utilizing a financial map. You need The Siress Group.