Annual Business Cost Savings for Top CPA: Almost Priceless
There's a new Peak case study out, showing how a top CPA firm -- already running a very tight ship -- got $58,648 in annual business cost savings with our help. More info and links below...
A few months ago I wrapped up an initial engagement with Steve Burnett, a partner at GALLINA LLP -- accountants with offices in Las Vegas, Novato, Rancho Cordova, Reno, Roseville, San Bruno, San Jose, Seattle and Walnut Creek and widely regarded as one of the best in accounting, auditing, tax, and financial management consulting services for construction, real estate, and related industries. In the course of the engagement, we found $58,648 in annual cost savings for Burnett's accounting firm... without eating up more than a few hours of his team's time, start to finish.
As the project to examine company expenses got underway, Burnett was then owner of Burnett + Company LLP, which was quietly preparing for a merger with GALLINA LLP. Burnett had Peak focus its cost analysis in specific areas, and concentrate on others later. Burnett knew, for example, that his company’s current 401(k) plan would be superseded by something new.
Initially, my team and I identified ways to save an average of 30 percent in a range of cost categories. Separately, we found ways to save 30 percent to 63 percent on telecommunications costs, depending on which of four options Burnett might choose.
As you might imagine, Steve Burnett, of all people, knows how keeping costs down can boost a company’s bottom line. And before we collaborated, he did doubt anyone could find ways to save money at his firm. “We run a tight ship,” Burnett explains. “As a CPA firm, we’re especially cost conscious.” After we collaborated, he commented that “the dollars Peak came up with on an annual basis were substantial.”
The merger that was under way did wrap up as planned, and now Burnett sits on the executive committee of the larger firm, with approximately 200 people and several offices in Calfornia, Nevada and Washington. Best of all, we earned an invitation to add value in the future. “We are very much looking forward to Haas using his cost reduction method for our new firm,” Burnett said.
The feeling is so mutual.
Download the full case study (PDF)
The full case study is downloadable at peakcc.com/GALLINA as a free 5 page PDF.