Experience
The staff and management of P and L Financial Solutions, LLC., have 20+ years combined experience in accounting management and tax preparation. Industry experience include both public and private accounting management in personal and corporate taxation, healthcare, hospitality, marketing, transportation, and many other fields. The background of the staff of P and L Financial Solutions, LLC., provide the knowledge and ability to ensure a quantifiable process of accuracy in data collection and reporting as well as presentation of the information to the business owners and shareholders. This interactive process engages reporting initiatives that mitigate operational and strategic risk, free up capital, maximize the balance sheet while controlling expenses which effectively manage the firm's tax rate.
Federal / State Grants
P and L Financial Solutions, LLC. has managed the reporting requirements for the Department of Commerce BTOP Grant, several State and City Grants, as well as working very closely with the Project Managers, confirming the actual to budget allocations comparatively with the projections and suggesting budget modifications as project scope was solidified throughout the completion of the work. They have also worked as liaison with the external grant auditors to confirm accuracy of the accounting practices in accordance with generally accepted accounting principles for compliance with the grant’s scope. The Firm has also researched, written, filed, and been awarded grants for various organizations throughout Alabama for outreach programs for several non-profit clients.
Engagement
P and L Financial Solutions, LLC. actively engages the business owners and members of the financial community to ensure a thorough understanding of the company’s financial position and which helps to confirm the integrity of the data and reporting. The Firm has designed and co-managed multiple corporate initiatives with the distinct purpose of budgeting and streamlining costs through creating procedures for accurate reporting for existing business as well as working closely with the SBA assisting new businesses with this same focus.