Growing companies need to focus on setting their sights on a firm that can not only handle their tax issues, but issues that go beyond. As a business, when you start to grow you realize that your focus cannot be solely on taxes, and you need to have a provider who embodies that same focus. They need to go beyond taxes and offer services that assess and maintain the areas where money is not being spent correctly.
One of the areas to focus on is cost recovery. Through cost recovery you are able to mitigate unnecessary financial losses. You need a firm that provides a range of contingency-based solutions to help reduce expense and waste, identify overcharges, and recover profits to add immediate dollars to your bottom line. At CBIZ, we do this by performing: accounts payable recovery audits, common area maintenance and lease recovery services, construction cost review, and telecommunications cost recovery.
Accounts Payable Audits
When it comes to accounts payable audits, you need a firm that helps identify and recover overpayments to vendors and suppliers that may have resulted from transaction, regulatory or contractual errors.
Lease Audit Recovery Services
In a lease audit recovery, the experts will examine your charges and your lease language to ensure charges are accurate as overcharges may be the culprit behind your annual increases.
Construction Cost Review
When doing a construction cost review, your team should work with you to unpack your construction costs to ensure you are only pay for materials and supplies actually used in the project. At CBIZ, we often find that clients get charged for materials they do not use.
Telecommunications Cost Recovery
The telecommunications cost recovery looks for wrong rates applied, double billing, hidden fees, and other extraneous services fees that have been overlooked in monthly telecommunications invoices. This is a service that can be applicable to any growing company.
The bottom line is that you need to focus on your bottom line, and that doesn’t always involve just taxes or your current firm.
If you have further questions regarding the services listed, feel free to contact the CBIZ Minneapolis Director of Business Development, Eric Hawkinson, at 612.376.1264 or email@example.com.