A Productive Partnership for Business Efficiency and Financial Advisory

Challenge:

Tom Rock is a successful business owner and McDonald’s franchisee. As a focused and time-oriented individual, owning a business came second nature to him. Tom began his search for a new financial professional to work with in 2003, after his trusted financial advisor encountered health issues that led to his retirement, and Sparkmon appeared prominently in his investigations. “They were doing the work for many restaurants and operators,” says Tom. When another operator and McDonald’s both recommended Sparkmon, Tom decided to reach out. “Their experience with McDonald’s is what really made me feel confident with them.”

Solution:

Though Tom’s franchises are in Virginia, the distance from Sparkmon’s office proved no difficulty at all. Richard traveled to meet with Tom personally, learned about his needs and goals and advised him on reorganizing and consolidating. He immediately saw the positive effect, saying, “That’s one of the things that is really valuable: they can advise and counsel on what’s been tried and what works for other people.” Tom appreciated Sparkmon’s dedication to pro-active advice, their prompt phone calls and emails, and their willingness to assist the rest of his company as well as himself. Working closely with the firm, Tom completely reorganized his business and eliminated all duplication of efforts, improving his business operations significantly.

Result:

For the last thirteen years, Tom has continued to see positive results and remains thrilled with his experience working with Sparkmon, as well as the services the firm provides. The tradition of excellence is carried in the high caliber of professionals Sparkmon maintains, observes Tom. He particularly appreciates the fact that the firm is extremely efficient, noting that they bring a team of financial advisors’ wealth of knowledge to every interaction. He is also deeply appreciative of their referral system, saying, “For areas that aren’t their specialty, they can recommend us to other professionals. I would never have found my ACA person if it weren’t for them.” When the subject of financial professionals comes up, Tom is quick to highly recommend Sparkmon to other business owners.

Testimonial:

“If everyone I had to deal with was as wonderful and competent as Richard and the people over at Sparkmon, the world would be a better place. I mean that sincerely.”

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Succession & Transition Strategies

Creating a successful succession plan is about protecting the future of a business and/or brand and ensuring there is a strategy in place to ensure your business continues to thrive.

After years of investing time, money and other resources, it’s imperative to prepare for this next stage in business and life. Poor planning can increase risks for stakeholders and tarnish legacies. Let’s make sure the next generation is well-equipped and ready to take your life’s work and family legacy to an even greater level of success.

Each situation is unique because the needs of each one involved are unique. We carefully review each opportunity to determine how best to structure a transition while meeting your goals, complying with any brand licensing polices and minimizing the tax implications of the transfer.

  • Next generation succession planning
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Technology Services

Antares Group’s technology team provides convenient hardware and software support, along with comprehensive cloud accounting services with 24/7 access to up-to-date financial information exactly the way you want it, on any connected device, with a customizable dashboard interface. We use best-in class cloud accounting platforms and software including Sage Intacct, Bill.com and robot process automation (RPA) with integration capabilities with some of the leading point-of-sale, payroll, and business operations management software programs.

Cloud accounting is just the beginning; Antares Group’s experienced technology team also performs system evaluations and makes recommendations for products and services that will help your business run more efficiently, as well as protecting your information and infrastructure with robust security options. Using the right technology for automation will simplify your life and keep your valuable data safe..

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Business Planning & Valuation

An accurate understanding of your company’s current value and financial viability is vital for achieving business success and the launch pad to boundless possibilities in the years to come. Realistic valuations are essential for long-term strategic plans, business successions and expansions, gift and estate planning, and a lucrative retirement package. Planning for where you want to go in the future is what our business and tax advisors do best. Whatever your goals, we are here to provide you with the right plan and insightful guidance to achieve it.

  • Trend reporting and analysis and business valuation
  • General business and start-up consulting
  • Major reinvestment planning
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Back Office Solutions

In such a fast-moving business environment, business owners need every advantage to succeed. Improving efficiency should be an ongoing part of your strategy for financial success, empowering you to make continuous improvements.

Whether your business is a single location seeking to grow effectively and sustainably, an established franchise brand adding new locations, or something in between, Antares Group provides a suite of back office services and the financial expertise to help business owners and managers achieve their operational and financial goals. In the process of supporting your essential back office operations with practical solutions, we analyze the function and effectiveness, looking for inefficiencies and potential liabilities, offering valuable insights for owners and managers.

  • Daily deposit verification and online banking monitoring
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Tax Advisory

Minimizing your tax burden is a year-round strategy; planning for and preparing complex business and individual tax returns is where Antares Group excels. Beyond simply helping you fulfill basic tax obligations, you can rely on our tax advisory team to keep you informed of ever-changing regulations and keep you in compliance. We conduct regular reviews to make sure all methods of reducing your tax liabilities are being used. We routinely assess your personal income tax situation and cash flow to guard against the unexpected. This ongoing strategic analysis empowers you to maximize tax savings and capitalize on new opportunities.

In addition, we provide advisory services for new business startups, acquisitions, and dispositions. Through careful analysis, we help clients determine the best structure and make the process as seamless as possible.

  • Business and individual year-end tax returns
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  • Fixed asset setup and maintenance
  • Annual tax planning and preparation

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Cloud Accounting

Whether you run a small closely held business or a large franchise operation, maintaining a firm grasp of accounting and bookkeeping can be challenging. Between managing staff and overseeing daily operations, there is not enough time to dig into the books and make sense of the financials. You need to know the facts and the implications. – having precise, up-to-date information at hand means you always know your financial position so you can make informed decisions that keep your business moving forward.

The financial experts at Antares can create a custom menu of accounting and tax services perfectly catered to your business needs, including accurate and timely financial statements and reports, so you are always prepared to respond quickly to changing and challenging circumstances. Along the way, we provide clear feedback and financial guidance to help you predict trends and recognize issues, then make the necessary adjustments to sustain cash flow throughout the year.

  • Timely preparation of financial statements based on your particular needs
  • Complete preparation of sales, payroll, inventory, accrual, and prepaid journal entries
  • Meticulous monthly bank and credit card reconciliations

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