Our services include but not limited to Bookkeeping Services, Tax Preparation, IRS Representation, Personal Finance Management, Finance Controller Services, Virtual Offices, and Business Consulting!
Strong Finances Build Stronger Businesses
The Importance Of Financial Management
Even the most successful and well-run businesses frequently require the knowledge and direction that only seasoned business consultants can provide. Occasionally, this is due to organizations falling prey to a silo mentality. Because it’s the way things have always been done, these companies keep making the same mistakes. Although these companies continue to exist, it is unclear if they prosper and expand. Doherty & Associates’s outsourced CFO services can assist if your business is experiencing slow or stagnant growth and needs to make a change.
Doherty & Associates, Inc is an Award Winning Accounting Firm. We were voted 2018 Finalist for Best Accounting Firm in Delaware by Readers’ of The News Journal. Furthermore, Doherty & Associates, Inc was selected two years in a row for the 2017 Best of Newark Awards for Billing & Bookkeeping Service and now qualifies for the Newark Business Hall of Fame!
Services We Provide
Our comprehensive financial services cover everything from tax preparation and IRS representation to bookkeeping, virtual office support, and financial controller services. We also provide personal finance management solutions, including estate planning, asset management, and retirement strategies, ensuring individuals and businesses alike have the guidance they need to thrive.
Tax Preparation Services | Tax Planning | Sales & Use Tax | Gross Receipts Tax | Franchise Tax | Estimated Income Tax | Corporate & Business Taxes Guidance | Preparation/electronic filing of Income Tax Returns | Develop and Implement a Personal Filing System
Stop a Wage Garnishment or Bank Levy | Obtain Relief from a Spouse’s Tax Debt | Settle or Contest an Existing Tax Liability | Get Representation for a Tax Audit | File Back Tax Returns for Multiple Years | Re-negotiate a Monthly Payment Plan | Full IRS Representation | Insurance Audit Mediation | Release or Withdraw a Tax Lien | Reduce or Eliminate Tax Penalties | Enrolled Agent Representation with the IRS | State and Federal representation for Tax Delinquencies and Deficiencies | Minimize Liability from Unpaid Payroll Tax
Daily invoice processing | Payments to vendors with cost accounting applied | Electronic ACH payments throughout the USA | Work-In-Process Reporting | Payroll Services | Reconciliation of Bank Accounts | Direct ACH, EFT Deposits | Courier Services | Daily Bank Balance Reporting | Cash Flow Projection Reporting | Specialty Invoice Billing
ACH and Wire Receipts | Collections | Customer Reporting Status
Professional Address | Private Mail Box | Business Meeting Space | Business Phone | Private Conference Line | Business Fax | Business Support Services | IT Support Team
Process Electronic Payments | Provide Cost Accounting and Job Cost Analysis | Human Resource and Business Consultation | Profit and Loss Statement | Job and Contract Analysis Reporting | Projected Cash Flow | Franchise Reporting
Wealth and Estate Planning | Asset Management | Bill Payments | Income Collection | Management of taxable and tax-exempt income | Estate and Trust Account Management | Personal Banking and Reporting | Reviewing Wills | Planning for education and Retirement Needs | Business Succession Planning, Valuations and Buy-Sell Agreements | Preparation of Estate and Gift Tax Returns | Full Tax Reporting & Planning | Fiduciary Income Tax Returns | Developing Insurance and Gifting Strategies
About Doherty & Associates
Founded in 2001 by the CEO & President, Debbie Doherty; the Doherty & Associates brand has blossomed into a tax and financial services company with an experienced staff that has increased over the years to accommodate an expanded clientele ranging from start-up companies to over 45 million dollars in gross revenues per year. We manage numerous corporate accounting departments, including their daily account management and personalized services customized for each individual business.
Our firm has expanded over the years from general Bookkeeping services to adding full CFO services, Virtual CFO, IRS Representation, Tax preparation services and planning, Business Consulting and Personal Finance Management. We represent clients in the United States and around the globe.
Our key advantage to our clients is our one to one business relationship that commences on the very first day a client meets our firm. Instead of a packaged service plan, we customize our offerings to meet each client’s specific business needs from assisting basic payroll and other small business accounting services to taking care of the full CFO services. We also believe in a paperless office, which helps save you space and protects your privacy.
Debbie Doherty, the Founder of Doherty & Associates, Inc., leads by example with over 35 years of experience in Bookkeeping, all Tax related matters, representing clients at the IRS and by being the face of the company since the doors opened. Her hard work, thoughtful business direction and bottom line results have driven the firm’s success for over a decade. She is the reason Doherty & Associates ‘Brings peace of mind to your bottom line.’
Expert Financial Assistance
Our business consulting and CFO services at Doherty & Associates provide much-needed clarity to your company’s financial forecasting and revenue. We make sure you have a capital strategy that improves your cash position by utilizing a proactive tax plan in conjunction with tried-and-true accounting, budgeting, and spending tracking procedures.
Are you curious as to why certain product lines or jobs consistently outperform others and have larger profit margins, while others never seem to make enough money? It’s not just about who you sell to or what you sell a certain product or service for. Clarifying costs on a project or product basis is another aspect of it.
Your team as a whole will comprehend costs by product and service better with our CFO services. Product lines, services, and job costing will be used to break down your expenses and earnings. You’ll be able to determine whether it’s time to move on from a particular service or product offering and what exactly needs to happen to boost those margins.
Determining whether your cash position will be positive or negative in a week or month is only one aspect of cash flow projection. It all comes down to being aware of your current cash position and acting to strengthen it. Your virtual CFO will improve your cash flow by implementing proactive strategies. Your virtual CFO can increase incoming capital in a number of ways, such as looking into alternative financing options, negotiating advantageous payment terms with vendors, or offering prompt payment incentives to your best customers to encourage them to pay earlier.
Understanding the profit margins of your business as a whole is just as crucial as understanding the profits of specific jobs, goods, and services. Concise P&L (income) statements will be produced by your virtual CFO. Your virtual CFO will then go over proactive measures to cut specific expenses as well as other cost-cutting and money-saving projects that will further boost your profit.
A company’s overall strategic plan includes a well-thought-out, comprehensive, and detailed capital strategy and financial plan. A tax strategy that takes advantage of the most popular tax deductions your business should obtain is part of that plan. It entails an expense management plan that is handled by business budgets and guarantees that all internal departments are in agreement.
Your virtual CFO will make sure you have a financial plan you can easily monitor, whether that means focusing on costs within a specific job, service, or product, or implementing tangible asset depreciation and expense-tracking strategies to be sure your business receives the maximum tax deductions.
Services We Provide
Even the most successful and well-run businesses frequently require the knowledge and direction that only seasoned business consultants can provide. Occasionally, this is due to organizations falling prey to a silo mentality. Because it’s the way things have always been done, these companies keep making the same mistakes. Although these companies continue to exist, it is unclear if they prosper and expand. Doherty & Associates’s outsourced CFO services can assist if your business is experiencing slow or stagnant growth and needs to make a change.
Our CFO services at Doherty & Associates have benefited many small-to-medium-sized businesses (SMEs), manufacturers, distributors, retailers, healthcare, real estate, professional services, not-for-profit organizations, and residential and commercial construction companies. In addition to offering essential bookkeeping, outsourced accounting, payroll management, accounts receivable and payables management, budgeting, revenue forecasting, and risk management, our CFO services also include virtual CFO services for businesses that require financial clarity within a comprehensive strategic growth plan.
With more than 70 years of combined experience in accounting and business consulting, our firm is renowned for its painstaking and attention to detail in enhancing the financial health of our wide range of clients. We offer priceless experience that directly affects your bottom line because of our capacity to operate in a variety of markets and industry segments.
Our CFO services will cover all of your needs, including payroll services in Philadelphia, cash flow management, investment justification, and a better understanding of the risks that are inherent in your market.
How Do CFO And Controller Services Differ?
- CFO services focus on strategic financial planning, forecasting, fundraising, and guiding overall financial direction.
- Controller services are more operational, handling day-to-day financial management, such as bookkeeping oversight, reporting, and compliance.
- A CFO makes high-level decisions to drive growth, while a controller ensures accurate records and internal controls.
- Many businesses use both roles—controllers for precision, CFOs for strategy—either in-house or outsourced.
How Are CFO Services Impactful?
Thinking back on what our customers have told us is the best way to respond to this question. First of all, they have access to a seasoned and astute executive when they hire a virtual CFO. That expert offers priceless insight into a range of tactics and methods that have worked well for other businesses with similar goals.
- Having Access to an Experienced, Business-Savvy Finance Executive
- Increased Financial Control for Your Business
- Lower Operating Expenses
- Lower Training Expenses
- Tailored Financial Reporting
- Personalized Financial Plan
- Current Accounting Software
You’ll have more financial control over your business with a virtual CFO. Better cash flow management, the ability to seize opportunities right away, and clarity when making capital investments and hiring new staff are all benefits that come with that.
You’ll also see a significant reduction in training and operating expenses. By using our CFO services, you are contracting out your accounting requirements to a third-party team that is prepared to respond to your inquiries. It is our duty to make sure that an experienced internal team handles all of your accounting and financial statements.
Selecting Doherty & Associates as your virtual CFO means working with a company that employs the newest accounting software. That entails having a system that leverages the combined efforts of our whole team and being able to deliver results to you promptly. If you own a business and want greater control of your company’s finances, cash position, and budgeting while having a more accurate revenue forecasting model, then contact us today.
