Business Planning Jackson Tennessee

Business Planning

Our team has decades of experience in managing, consulting, running, and even owning small and medium sized businesses. We have diverse experience from sole proprietor operations to staffs of hundreds; from budgeting and pro forma development to marketing plans; from the small business down the street to multi-site, multi-tenant, multi-million square foot facilities; from retail and service to industrial, manufacturing, and corporate; from operations and leasing to

Business Analysis

We can assist you with various types of analysis to help you optimize your business growth and profitability.

  • SWAT Analysis
  • Operational Budgeting
  • Pro Forma Projections
  • Marketing Plans
  • Inventory Analysis
  • General Valuation Analysis

Implementation Guidance

Let our broad experience of business operations help guide you.

  • Facilities Management
  • Human Resources
  • Leasing
  • Security
  • Marketing
  • Board Selection

Learn more about specific Business Advisory services including:

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Business Planning Jackson Tennessee

Business Formation

Whether you want to set up an LLC, S-Corp, C-Corp, or some other structure, we’d be happy to assist you with the formation including obtaining your Articles of Organization, obtaining an Employer Identification Number (EIN), tax registration, obtaining a business license, and more. We can even help you with your marketing plan and business plan.

Structural Selection

Many people when developing or growing an organization make the decision to form a separate entity from themselves, but unfortunately regulatory bodies don’t usually make this process easy. Furthermore, different types of entities formed can have different advantages and disadvantages. One might also consider in what state to form the entity. We can help you consider advantages and disadvantages of various structures as well as help you form the new entity. Our experience in forming, managing, owning and growing such entities include:

  • For Profit
    • LLC
    • S-Corp
    • C-Corp
    • Limited Partnerships
  • Not for Profit
    • PACs – 501(c)4
    • Super PACS – 527
  • Non-profit
    • 501(c)3

Risk Management

A key reason for formation of a separate entity is often to limit liability. Such liability can come from many areas and we often also recommend consideration of proper insurance overages and bonding, however, forming a separate entity is a critical step in helping to reduce risk.

Licensing and Registration

Another key aspect of business formation is licensing and registration. Again, while one would think it would be a simple process, it rarely is. Depending upon the kind of entity you are forming, there can be numerous licenses and registrations required. We have experience in dealing with many from local licenses and Employer Identification Numbers to Professional Privilege Tax and ERISA Bonding, we can help.

Learn more about specific Business Advisory services including:

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Business Planning Jackson Tennessee

Business Advisory

We can assist you with most any financial need for your small business. Our decades of experience in leasing, managing, marketing, budgeting, accounting, investing, planning, reporting and more are at your disposal!

Learn more about specific Business Advisory services including:

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Medallion Jackson Tennessee

 

 

If you’re reading this, you may have been told that you need a Medallion Signature Guarantee in order to transfer your investments, but you can’t find anyone willing to provide it. If this is the case for you or your clients, we’d be glad to assist you!

At Eddleman & Eddleman, we will in most cases provide a Medallion Signature Guarantee to non-clients and those transferring assets to institutions other than our firm for a nominal fee.*


 

Will Eddleman & Eddleman provide a Medallion Signature Guarantee for me if I am not a client and/or I am not transferring assets for their management?

Yes, in most cases.* If you need a Medallion Signature Guarantee or you have customers or clients who are transferring assets and your institution or firm does not provide the Medallion Signature Guarantee or cannot provide the guarantee because the assets are transferring to another institution, we will be happy to assist. Furthermore, you have our assurance that we will not interfere in any way with the transaction you may be attempting, though we will be obligated to provide our Disclosure Brochure, which explains to recipients who our firm is.

If I am already an Eddleman & Eddleman client or I am in the process of becoming one, does the fee still apply?

No. For our clients or soon to be clients of any division, accounting, financial planning, venture capital, or investment advisory, there is no charge for a Medallion Signature Guarantee.

What is a Medallion Signature Guarantee?

If you’re unaware, a Medallion Signature Guarantee is a special signature guarantee for the transfer of securities whereby the verifying financial institution accepts liability that:

  1. The signature is genuine, AND
  2. The signer has legal authority to sign the document guaranteed, AND
  3. The signer has capacity.
Why do most institutions make it so difficult to obtain a Medallion Signature Guarantee?

Because of the liability associated with such a Medallion Signature Guarantee, most financial institutions are moving towards only guaranteeing signatures for the transfer of assets to their institution; many will not even guarantee their own customers signatures if the guaranteed assets are transferring to another institution. In short, most institutions are limiting the availability to this service because they do not have a cost effective way to provide it and still limit their liability.

How do I obtain a Medallion Signature Guarantee from Eddleman & Eddleman, LLC?
  1. Before coming by our office, we recommend calling to schedule an appointment. We are happy to accept walk-ins, however, a very limited number of persons on our staff have the ability to provide the Medallion Signature Guarantee. So, we hate for you to make a trip for no reason if our staff that will provide the guarantee are unavailable for any reason.
  2. Bring the signer and do not sign the document until you are in our presence! While it may seem obvious, we cannot guarantee a signature that we do not witness.
  3. Bring the minimal required documents for verification of your identity. As a minimum, this will be:
    1. Two forms of identification, each of which must include one of the following:
      1. A signature that has been digitized (e.g. Driver’s License)
      2. A photo identification that also includes your name (e.g. Student ID, Work ID, etc.)
    2. A copy of your most recent statement for the assets being transferred.
  4. Bring other supporting documentation. In many instances, we will need to document other items to confirm that you are the legal signer or that you have authority to sign. These may be documents such as a power of attorney, divorce decree, etc. While we can’t tell you what each of these may be, it is a good idea to bring any documentation supporting that “you are who you say you are” and that “you have authority to sign the document”.
Why would Eddleman & Eddleman want to engage in providing such a service when so many other financial institutions are increasing their scrutiny and limitations on such guarantees?

First, as a small firm, our principles (owners) are close to the local relationships for signatures being verified and we have complete confidence in our own ability to fact find, document, examine, and reach a legal conclusion regarding the signatures we guarantee. It is difficult for a multinational conglomerate, far removed from a local staff member with uncertainty about such a staff member’s ability in these matters to be as confident. Therefore, such entities most often limit such risk by limiting who they choose to serve.

Furthermore, as you are probably aware, Eddleman & Eddleman is a boutique firm offering a very high level of services in accounting, financial planning, investment, and venture capital advice and implementation. While one of these areas of advisement may compete with certain financial services professionals (you or yours), most firms do not offer every one of these financial services. We don’t have to be everything to everybody. We’re more than happy to help you or your client in providing the highest level of service and maybe the next time you or your client needs assistance with something, you’ll consider the care, dedication, and cooperation provided by us in helping obtain a Medallion Signature Guarantee. Just consider it a trial run introduction on how we like to work in serving clients through cooperation rather than competition!

What does it cost?

Generally, the fee is $39 per signature guaranteed for non-Eddleman clients; however, under certain circumstances requiring additional investigation, documentation, or verification, we may have to charge more due to the additional time and liability involved. But, we will let you know in advance if it will be more. Documents requiring more than one signatory to be verified or transfers completed in a series will incur an additional $39 fee for each signature verified.

Is there a maximum account size that Eddleman & Eddleman can facilitate transfer for?

No and yes. Technically, we can facilitate the transfer of an account of any size. However, accounts in excess of $100,000 will have to be transferred in a series of transactions for which each transaction does not exceed the $100,000 limit. We cannot provide a Medallion Signature Guarantee for transactions over $100,000.

Are there other limitations on Medallion Signature Guarantees provided by Eddleman & Eddleman?

We do reserve the right to refuse to guarantee the signature of any individual at our sole discretion. If we cannot sufficiently verify you AND your legal authority AND your legal capacity to our satisfaction, we will not guarantee your document.

 

* Eddleman & Eddleman, LLC, will not be able to provide a Medallion Signature Guarantee for transactions over $100,000, so transfers in excess of this amount will have to be completed in a series of transactions or by another Guarantor. In addition, we reserve the right to refuse to guarantee the signature of any individual at our discretion. Generally, the nominal fee to provide a Medallion Signature Guarantee to a non-Eddleman client is $39, however, under certain circumstances requiring additional investigation, documentation, or verification, Eddleman and Eddleman reserves the right to increase this fee with advanced notice to the signatory. Furthermore, we reserve the right to increase this fee in the future without further notification to you or your firm. Documents requiring more than one signatory to be verified will incur an additional fee for each signature verified. Generally, Eddleman & Eddleman clients will not be charged for a Medallion Signature Guarantee.

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Certified Public Accounting

Keep More of What You Make

Do you want:

tax time to be as easy and pain-free as possible?

to stay informed on ways to reduce your tax bill?

to pay the least amount of taxes possible?

If you answered yes to any of these questions (and we don’t know anyone who would answer no to the last one!), then you’re in the perfect place to find out about how we can help you with your tax return preparation, fast and easy filing, and tax planning to reduce your tax bill.

Tax Return Preparation

We know that tax time is probably not your favorite time of the year! We want to make it as quick and pain-free as possible for you. We can help you navigate the maze of forms, requirements, deadlines, and constantly changing tax laws so that you can be aware of the possible financial opportunities available to your circumstances.

When you hire a tax preparer, make sure they:

  • Have obtained a current year PTIN (Preparer Tax Identification Number). Otherwise, they are ineligible to prepare your IRS returns.
  • Have attended continuing education tax courses so they know the newest year’s rules.
  • Have a quality control process within their business so that your return will be checked for errors.
  • Can eFile your returns so that your refund, if any, will be returned faster.
  • Explain your return to you so that you understand what you are signing. You are ultimately responsible for your own tax return, so it’s essential that you understand it.

Feel free to ask us these questions, too!

What We Do

We help our clients with the following services:

  • Prepare and efile your individual, corporate, and estate tax returns at the local, state, and national levels so you can get any refunds back as fast as possible
  • Keep you informed of due dates so you can stop worrying whether you’ve forgotten to file something important
  • Answer your questions and explain your options
  • Explain the complex in an understandable way so you can feel confident you’ve made the right decision
  • Support in case you receive a tax bill or audit notice form any tax agency

To discuss any of these services, please give us a call or email us. We’ll set up a complimentary initial session so you can find out more about how we can help you.

Tax Planning

We’re committed to helping you keep your hard-earned money without paying a penny more in taxes than you’re legally required to do. And some of the biggest savings can come when we work together and plan ahead.

We offer proactive tax planning suggestions to save you money when tax time comes. Please give us a call any time of the year, so we can start finding ways to save you money.

Complimentary Consultation

We’d love to meet you and discuss how we can help you with your tax requirements. Call us at 731-554-2408 or email us at info@eddleman.biz to set up your no-cost, no-obligation 30-minute tax consultation.

Certified Public Accounting

Need a Headache-Free Payroll Solution?

Whether you’re starting your first payroll, unhappy with your current provider, tired of doing it yourself, or just shopping for prices, we’re happy to discuss our payroll service options and give you a complimentary quote.

Employer Compliance and Payroll Laws Are Constantly Changing


With payroll tax laws, new reporting requirements, and employee rights changing every month, it’s just about impossible to remain current in this area and still have time left over to run your business at the same time. That’s why we make it our business to stay up-to-date with changing payroll laws and compliance so you don’t have to.

If you’ve ever made a payroll mistake or missed a deadline that cost you big money in fines and penalties, you’re not alone. One in three companies has been charged with a payroll mistake, and the penalty averages hundreds of dollars. We’ll happily take charge of all of these myriad payroll requirements, deadlines, and responsibilities.

Freedom on Payroll Day

If you’d rather be anywhere but chained to your desk on Friday when you have to get the payroll out, we can painlessly help you bring your payroll system into the 21st century. With options like direct deposit and cloud-based approval systems, you can approve your payroll from any internet connection in the world: think cruise ships, wi-fi enabled flights, or that beach house in Maui.

More than Payroll Services

Woman relaxing with laptop, Tax help in the Jackson and West Tennessee areaThere are many more payroll-related headaches we can assist you with. These include:

Poster compliance (to avoid hefty fines a small business cannot afford)

  • Onboarding new employees.
  • Worker’s compensation audits.
  • New hire reporting (required for child support delinquencies).
  • Time tracking forms and paperwork retention requirements.
  • Job costing. Wondering where all that staff time is going? We can help you figure that out.

Got contractors? Although contractors are handled differently than employees, labor is labor and we find that many small business owners forget about 1099s until the last minute. We can help you with your 1099 compliance, W-9 requests, and 1099-K reconciliations (a new requirement as of 2011).

Don’t Get Chained to the Big Chain Payroll Services

Many of our clients come to us after poor experiences with the large national payroll services (you know them: Paychex, ADP).

If you’re tired of training the revolving door of customer service representatives assigned to your small business account, we can help. We love getting to know your business and why you’re passionate about it, so that we can serve you more personally. We’re small business owners just like you, and you have direct access to the owner any time you need to reach out to us about your account.

When the big payroll chain makes a mistake on your account, it costs you your valuable time straightening it out, not to mention all that stress and frustration. By knowing your business more personally and working with small businesses like yours day in and day out, we can avoid these mistakes and provide more accurate services that save you time.

Complimentary Consultation

Give us a call at 731-554-2408 or email us at info@eddleman.biz to find out more or to set up your complimentary payroll consultation.

Certified Public Accounting

Need Controller-Level Services
without a Controller Salary Price Tag?

Do you need help in financial areas such as cash flow, interpreting financial statements, or setting up key performance metrics?

Is your business too small for a full time Controller, yet in increasing need of more financial expertise and guidance?

Could you use professional accounting and financial advice in your small business?

If you said yes to any of these questions, then you may benefit from our Controller services. We can help you fill in the missing management-level gaps in your accounting team without you having to pay expensive full time executive level salaries.

Keeping the Cash Flowing

One of the most challenging tasks of small business owners is managing their cash balances. We can help you get the right tools in place so you can stay on top of your cash. Whether it’s setting up the right reporting, creating forecasts, or preparing a loan package for your local bank, we can help you keep your cash flowing.

Behind the Controls

Small business accounting functions often lack the internal controls and procedures to help prevent fraud, theft, and other risks to your hard-earned assets. That means your business assets, from cash to inventory to receivables, could be at greater risk of being mishandled.

We can review the duties of each bookkeeper and make suggestions to procedure changes that will lower your risk and help you better protect your business assets.

Profitability Analysis

Do you wonder which product or service line is the most profitable for you? We can perform an analysis of profitability by location, product, employee, or whatever grouping is meaningful for you. This information will help you make better decisions about your revenue mix and make your business more profitable in the long term.

Process Development and Improvement

Are there any areas in your accounting functions that are undocumented? We can help you write a procedures manual for those areas.

We can also take a look at areas within your accounting system that are costing you more than they should be. These could include areas of duplicate data entry, time spent on manual reports, and bottlenecks in general. We’ll suggest improvements that can save your time and money and keep your bookkeeping bill as low as possible.

Planning and Budgeting

Do you know exactly what you want your business to look like in three to five years, but are not sure how to get there? We can help you make sense of the financial piece of planning so you can achieve your dreams.

In the short term, we can also help you create a budget for your business so you can control expenses and see where you stand relative to your goals.

Real Estate and Equipment Acquisition

Planning a large investment? We can help you compare and evaluate your options from a financial standpoint so you can make an informed decision.

Staff Training

If you don’t have the time or expertise to train your bookkeeping or accounting staff, we can provide the training they need to become proficient in their accounting duties.

Sounding Board

It can be difficult to find good advice when you are in business for yourself. Friends and spouses who are not self-employed don’t often understand the decisions we make. As a fellow small business owner, we can act as a sounding board for your business ideas.

Complimentary Consultation

Give us a call at 731-554-2408 or email us at info@eddleman.biz to find out more or to set up your complimentary consultation.

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