Business Services

Other Services

CFO Outsourcing Service

HMV offers CFO Outsourcing Service in response to an ever-growing client need for more advanced financial management services. Our CFO Outsourcing Service is designed specifically for the small, growing company that benefits from a highly qualified CFO, but a company that does not want to make a full-time investment in one.

An outsourced CFO helps clients utilize our CPAs' experience in the following services:

• Management reporting design and preparation
• Check writing
• Financial statement preparation
• Operational/divisional analysis
• Budgeting and forecasting
• Benchmarking
• Cash flow management

Often, an outsourced CFO can assist in the transition of a company's accounting staff by reducing the impact of a CFO's abrupt departure. An outsourced CFO can also assist in the interviewing process of accounting replacements.

Financing

HMV utilizes its knowledge of a client's financial matters to assess Financing needs and then assist in pursuing the appropriate amount and type of Financing required for operations, infrastructure, and capital loans. As a company expands, it faces changing Financing and capital needs.

HMV assists in clients receiving Financing by utilizing the following steps:

• Develop the appropriate company information
• Introduce client to capital providers
• Provide consultation regarding debt and capital allocations.
  

Fraud Investigation

Through Fraud Investigation conducted by our Certified Fraud Examiners (CFEs), HMV assists in the prevention, detection, and investigation of various types of fraud. Our CFEs, certified by the Association of Certified Fraud Examiners, can appear in court to provide expert witness testimony in both civil and criminal fraud cases. The value of our demand for this service is increasing as white-collar crime and embezzlement becomes more prevalent in our society.

Accounting Services

HMV provides a full range of Accounting Services, including the following:

• General ledger and financial statement preparation
• Bookkeeping on a monthly, quarterly, or annual basis
• Accounting system set-up for new businesses
• Payroll services
• Preparation of sales and use tax returns
• Preparation of payroll tax returns

Our Accounting Services staff also provides QuickBooks, Great Plains, and UniLink software installation and training. See HMV's Accounting Software Solutions tab for more details.

CPA Performance View

Based on the newest American Institute of Certified Public Accountant (AICPA) assurance service, HMV offers the Performance View service to assist a company in creating and maintaining a performance measurement system. The AICPA defines the CPA Performance View as "the identification of critical success factors that lead to measures that can be tracked over time to assess progress made in achieving specific targets linked to an entity's vision."

In layman's terms, this service allows HMV to assist a company in creating both financial and nonfinancial measurement systems beyond normal financial statement reporting to allow management access to critical success factors that drive the success of its organization. The CPA Performance View is a process driven service that is flexible and customizable for any industry or company size using strategic planning to identify the critical success factors it faces.

Louisiana State Tax Incentive Program

Louisiana businesses should benefit from the business and industry incentives outlined by the Louisiana Economic Development Corporation. HMV, through its wholly owned affiliation with Louisiana Incentive Consultants, LLC, maintains its knowledge of the incentive plan details so our clients can take advantage of the benefits of the program without getting bogged down in the plan's minutiae.

Opportunities for reducing our clients' tax burden are available through the following programs:

• Industrial Enterprise Zone
• Tax Equalization Programs
• Inventory Tax Rebate for Auto Dealers
• Inventory Tax Credit for Out-of-State Corporations, doing business in Louisiana
• Property Tax Assessment Review
• LLC Conversions
• Cost Segregation Analysis

Entity Type Analysis

Through Entity Type Analysis, HMV assists businesses in determining which type of entity name best suits their needs. There are various entity types available, including the following:

• C Corporations
• Sub S Corporations
• Partnerships
• Limited Liability Companies
• Limited Liability Partnerships
• Proprietorships

HMV takes into account tax advantages, in addition to larger liability issues, when assisting clients with entity type analysis.