Public Relations, Advertising & Media
The public relations, advertising and media industry is dealing with major changes. The internet and social media have radically altered the way business is conducted. Global competition and increased consolidation have added further complications to an already complex business environment. Organizational structure and administrative functions need to be as efficient and as effective as possible. Firms require the tools and information necessary to develop the long-range strategic vision necessary to ensure healthy, sustainable growth.
From initial start-up through the various cycles of their business growth, success in this new world means getting relevant tax, accounting, and business advice from experts who have strong industry knowledge. Budgeting, cash flow projections, profitability analyses, revenue recognition, nexus, and strategic tax planning are some issues agencies need to address.
Anchin’s team currently serves some of the most well-known agency names in the industry, including the top privately-owned firms. Whether you need an operational review, a capacity study, due diligence for a merger or acquisition, or the traditional range of accounting, auditing, and tax services, Anchin provides services optimized and customized for the unique structure and environment in which public relations and advertising agencies operate.
Accounting, Audit, and Taxation
- Financial reporting
- Budgeting and forecasts
- Obtaining bank financing
- Profitability analysis
- Cash flow projections
- Pension planning
- Retirement planning
- Tax planning and compliance
- Estate planning
- Revenue recognition
- Nexus issues
Management and Information Systems Consulting
- Succession planning
- Operations review
- Software selection, implementation, and support
- Time and billing systems
- Internal control review
- Accounting systems
- Document imaging
- Capacity studies
- Disaster recovery planning
- Merger and acquisition consulting/due diligence
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Partnering with the Anchin team was one of the best decisions we made for our business. The Anchin team has become a steadfast resource for us as they use their in-depth knowledge to guide us on all business tax decisions. When I need an advisor, they are my first stopping point. They're incredibly responsive, their recommendations are always thoughtful and rooted in expertise, and they proactively keep me informed of breaking developments. Can't recommend Anchin enough! ”
As a longtime communications professional, but relatively new entrepreneur, I need the best strategic advice and tactical support for my fast-growing agency, Integral. I worked with other accounting firms before being referred to Mike Belfer and Vera Mittiga at Anchin, who are not only exceedingly responsive, accurate, and smart -- they're friendly, caring, and always make me feel like my business is their priority. ”
Partnering with Mike Belfer and the team at Anchin was one of the best business decisions we have made. The Anchin team has helped us make the accounting process more painless and seamless — they’ve truly become an extension of our team. They quickly became someone we can count on, and are true business advisors. ”
Anchin always has our best interest in mind, from both a business and personal perspective. Their team consistently provides guidance on complex situations, while applying innovative solutions to mitigate pain-points and identify new opportunities to grow our company. Their deep experience and industry knowledge paired with their consistent touch-points and strong communications, have greatly assisted with the day-to-day operations of our growing business.”