Beyond the BWA: better reporting for your clients
This is how you expand traditional tax consulting to include modern, automated financial reporting.
Many small to medium-sized companies are familiar with one specific analysis of their business figures: the BWA (Business Analysis). It arrives from the accounting firm month after month and is very useful from a tax perspective.
It's rarely sufficient for managing a company. Because it hardly answers any of the questions that keep an entrepreneur up at night. Will we have enough liquidity next quarter? Which divisions are currently profitable, and which aren't? How are we performing compared to our plan?
This is precisely where an opportunity arises for law firms. Those who offer their clients more than just a basic business analysis (BWA) transform from mere implementers of tax obligations into advisors that clients need to inform their decisions. This fosters client loyalty and opens up a field for which they are happy to pay.
Want to read more? Then click here for our whitepaper!
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