Business advice from a tax advisor — that's why it's worth it!

August 18, 2021

Business advice from a tax advisor — that's why it's worth it!

Mit dem Jahresabschluss wird die Buchführung eines jeden Geschäftsjahres abgeschlossen. Der Jahresabschluss hat große Relevanz, unter anderem, weil er die gesamtwirtschaftliche Situation eines Unternehmens repräsentiert. Ein Jahresabschluss kann jedoch auch nichtig sein. Wir von der Steuerkanzlei Martin Bleckmann in Köln erklären Ihnen, ab wann das der Fall ist und welche rechtlichen Folgen ein nichtiger Jahresabschluss mit sich bringt.

  • What exactly is business consulting?
  • What are the benefits of business consulting?
  • Why you too should use business advice

You are certainly familiar with the following scenario from your own business practice: Many problems become apparent as part of the activities of tax advisors, but remain unaddressed. An example: Tax consultants adjust balance sheets that are not satisfactory only within the limits of what is legal. The tax consultancy's work is now done, but it does not solve the problem behind such precarious data. Often, not only Obfuscated problems, but it also remains Business potential invisible. Business consulting offers the solution here.

In this article, we, your tax consulting and auditing firm Martin Bleckmann in Cologne, explain what business consulting is and what benefits it brings to your company. You will also learn why it is wise to use this service from a tax advisor you trust.

What exactly is business consulting?


If you use business advice, this means that your company is examined from an external, professional perspective. An essential instrument is the controlling. In short, controlling is understood to mean the Monitoring of all business-relevant figures and data.

Controlling requires planning that has been prepared in advance. This planning is necessary because controlling is guided by it. Business consultants provide you with expert support, with which you can organise future projects and investment plans. It is important that you have a Relationship of trust with consultants have. Tax advisors usually do this from the outset because your company usually works with them for many years.

Through analysis and controlling, all of a company's figures and data are summarized into key figures that reflect the current state of the company. On the basis of these key figures, made meaningful business decisions become. As a rule, at your tax consulting firm, you can, among other things, the following consulting services take advantage of:

  • Analysis of balance sheets and figures
  • Preparation of financial plans
  • Preparation of success plans
  • Cost and performance accounting
  • Financing the company
  • investment appraisal
  • controlling
  • Starting a business
  • Buying and selling companies
  • Business succession
  • crisis management

What are the benefits of business consulting?


As already mentioned, the use of business consulting with many benefits for you and your company connected. You could write entire books to explain all the benefits in detail. In this article, we will limit ourselves to the three most important:

1. Process optimization

Every company has operational procedures and processes. Inefficient processes are associated with high costs and can cause lasting damage to a company. Business consulting determines at which points uniform, automated processes should be introduced.

2. Strategy consulting

companies with clear objectives are more competitive than those who do not follow a strategy. A good strategy can strengthen workforce cohesion and motivation, while bad strategies fuel anxiety. Business consulting can implement targeted measures to find, formulate and implement strategies.

3. Restructuring

Restructuring can be associated with many problems and undesirable developments. Business consulting uses controlling to keep an eye on business development and Identify abnormalities and risks at an early stage. A successful restructuring takes into account both financial and psychological aspects.

Why you too should use business advice

Companies that refrain from providing business advice run the risk of blindly and aimlessly dousing about themselves. The balance sheets and annual financial statements provided by tax consultants are not sufficient to realistically assess a company's position. Risks and potential remain hidden as a result. It is only through the business analysis of a company's data and figures that information can be summarized and key figures calculated that are meaningful business decisions are fundamental. Tax advisors in particular are in an ideal position to provide business advice. After all, it is you who usually a long-term relationship with companies entertained and built trust as a result. Investing in business consulting saves you costs and increases your profit.

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