Right Track Consulting

I have been in the accounting industry for nearly 40 years and have seen a thing or two. In the early days I worked for a firm of Chartered Accountants (equivalent to CPAs) in London and went on to become an auditor. When I started my family I decided to begin my own small business.

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Since then, many years later, I've moved to the U.S. and have been the co-owner of a successful accounting, payroll and tax preparation firm for over 10 years. 

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During those years it became apparent that many small business owners are receiving little, or no support, and are often unaware of compliance and organizational issues. In order to better support those businesses that are often overwhelmed, exhausted and, through no fault of their own, missing vital knowledge, I decided to provide small business consulting. Having been in your shoes, I very much understand those day to day struggles.

New Businesses (Start ups)

Although I do not provide ongoing accounting or bookkeeping services, I can assist you with the following:

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• Discuss different business entities and help you determine the most beneficial option

• Registering your MN small business with the relevant government agencies

• Setting up accounting processes to ensure data accuracy

• Monthly/Quarterly reviews of your data/financials

• Referral to an accountant or tax professional if needed

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Existing Businesses

• Review of current business practices

• Analyze present accounting systems

• Identify areas that may require improvements to promote efficiency and accuracy

Here are some fun (and not so fun) start up facts

• In 2021 31% of start ups were owned by women

• Over 5 million small businesses  registered in 2021

• The biggest growth sectors were the retail trade and the accommodation and food service sectors

• Over 66% of small businesses out source services such as accounting and payroll

• 10% of start ups fail in their first year

• 33% of small businesses start with less than $5,000 in funding

• The construction industry is among the least digitized

• Nearly 15% of small businesses fail due to cash flow problems 

• 69% of start ups begin at home