Socials
Navigation
Legal
Blog
Talk with Lorna James
Contact us using this form and we'll respond to you within 48 hours.
Take control of your business and your financials today with expert consultants.
Socials
Legal
Navigation
Blog
Our Vision
Empowering Small and Medium Businesses with Comprehensive Financial Solutions; through our expert business consulting and full cycle accounting services, we are dedicated to enhancing financial clarity, ensuring regulatory compliance, and driving sustainable growth for small and medium business owners.
Welcome to
LST Business Consulting!
&
Welcome to
LST
Business
Consulting!
&
We offer a full range of services designed to meet the unique needs of small and medium-sized businesses. From initial consultation to ongoing financial management, we're with you every step of the way.
Senior Tax Advisor
With over four decades of unparalleled expertise in public accounting, Marion Farley serves as a Senior Tax Advisor at LST Business & Consulting, bringing a wealth of knowledge and a client-centric approach to every engagement.
Marion launched his distinguished career in 1981 at a local CPA firm in Southeast Missouri. His exceptional technical acumen and unwavering dedication to client success quickly propelled him to partner, where he played a pivotal role in transforming the firm into a prominent regional presence with five thriving office locations. This experience honed his ability to not only manage complex tax matters but also to contribute significantly to business growth and expansion.
In 2014, Marion strategically relocated to Orlando, Florida, further broadening his impressive skill set to encompass the intricate nuances of foreign and international tax reporting and compliance. His profound understanding of sophisticated tax planning and regulatory frameworks makes him an indispensable asset for clients navigating today's increasingly global and complex tax environments.
At LST Business & Consulting, Marion is dedicated to empowering small businesses. He expertly guides them through their tax obligations, simultaneously crafting forward-thinking tax strategies designed to optimize their overall financial health and maximize owner wealth. Marion's practical insights, combined with his steadfast commitment to personalized service, provide business owners with the clarity and confidence needed to plan effectively and achieve sustainable growth.
Cash Flow Management
Audit Support
Financial Advisory & Consulting
Accounts Payable & Receivable Mgmt.
Payroll Services
Tax Services
Financial Reporting
Bookkeeping Services
Accounting System Setup
Initial Consultation & Needs Assessment
ADP Partnership
Don't just take it from us...
About Us
Bridging the Gap Between Corporate Insight and Small Business Needs
At LST, we help small to mid-sized businesses thrive with smart, hands-on support in accounting, Tax Strategy, Financial Planning, and Business Operations. Whether you're a family-run shop or a growing company with up to 200 employees, we provide the structure and clarity you need to grow with confidence.
Let us handle your financial health, so you can focus on what you do best: running your business.
"LST’s team took the time to understand our unique challenges and crafted a customized strategy that fit our needs perfectly. Their attention to detail and commitment to our success made all the difference. I highly recommend them to any small business looking to elevate their financial game."
– James P., Entrepreneur
"The team at LST transformed our financial management, allowing us to focus on what we do best—running our business."
--Jessica T. - JP Accounting
Here are some fun facts about cash flow management:
These facts highlight why cash flow management is not only essential but also a fascinating aspect of running a successful business!
Managing a small business comes with its unique set of challenges and opportunities.
Here are some crucial do's and don'ts to help guide your small business success:
The 80/20 Rule:
About 80% of small businesses that fail do so because of cash flow problems. This highlights the importance of keeping a close eye on where your money is going and when it’s coming
Cash Flow vs. Profit:
Did you know that a company can be profitable on paper but still go bankrupt due to poor cash flow management? Cash flow is the lifeblood of a business, and managing it well is crucial
for survival.
The 80/20 Rule:
About 80% of small businesses that fail do so because of cash flow problems. This highlights the importance of keeping a close eye on where your money is going and when it’s coming in.
Positive Cash Flow:
Having positive cash flow doesn’t just mean your business is doing well today—it means you have the flexibility to invest in growth opportunities, take on new projects, or weather unexpected challenges.
Cash Flow Forecasting:
Forecasting your cash flow can reduce the chances of a cash crisis by over 80%. It’s like having a crystal ball that helps you predict and prepare for the future.
Improving Cash Flow:
One of the quickest ways to improve cash flow is to tighten up your accounts receivable. Companies that get paid faster have more flexibility to reinvest in their business.
Big Companies Struggle Too:
Even massive corporations like Apple keep a close watch on their cash flow. Despite having billions in reserves, Apple actively manages its cash flow to ensure operational efficiency.
Cash Flow vs. Revenue:
Businesses often focus on revenue growth, but without solid cash flow management, even a booming business can struggle. Cash flow ensures you have the funds available to sustain operations.
TAP TO VIEW
TAP TO VIEW
TAP TO VIEW
TAP TO VIEW
TAP TO VIEW
TAP TO VIEW
TAP TO VIEW
TAP TO VIEW
Cash Flow Forecasting
Forecasting your cash flow can reduce the chances of a cash crisis by over 80%. It’s like having a crystal ball that helps you predict and prepare for the future.
Positive Cash Flow
Having positive cash flow doesn’t just mean your business is doing well today—it means you have the flexibility to invest in growth opportunities, take on new projects, or weather unexpected challanges.
The 80/20 Rule:
About 80% of small businesses that fail do so because of cash flow problems. This highlights the importance of keeping a close eye on where your money is going and when it’s coming.
Improving Cash Flow:
One of the quickest ways to improve cash flow is to tighten up your accounts receivable. Companies that get paid faster have more flexibility to reinvest in their business.
Big Companies Struggle Too:
Even massive corporations like Apple keep a close watch on their cash flow. Despite having billions in reserves, Apple actively manages its cash flow to ensure operational efficiency.
Cash Flow vs. Revenue:
Businesses often focus on revenue growth, but without solid cash flow management, even a booming business can struggle. Cash flow ensures you have the funds available to sustain operations.
A well-structured business plan guides your strategy, sets goals, and provides benchmarks to measure performance.
Research your target audience, understand their needs, and continuously gather feedback to refine your offerings.
Ensure you have a solid system for tracking and managing cash flow, as it’s critical for maintaining daily operations and long-term sustainability.
Effective marketing can greatly enhance your visibility and attract new customers. Use both digital and traditional marketing strategies tailored to your audience.
Outstanding customer service can differentiate you from competitors and lead to repeat business and referrals.
Stay informed about relevant tax obligations and regulatory requirements to avoid fines and legal issues.
Use technology to streamline operations, improve efficiency, and reduce costs. Tools like cloud accounting software, customer relationship management (CRM) systems, and digital marketing platforms can be very beneficial.
A well-structured business plan guides your strategy, sets goals, and provides benchmarks to measure performance.
Research your target audience, understand their needs, and continuously gather feedback to refine your offerings.
Ensure you have a solid system for tracking and managing cash flow, as it’s critical for maintaining daily operations and long-term sustainability.
Effective marketing can greatly enhance your visibility and attract new customers. Use both digital and traditional marketing strategies tailored to your audience.
Outstanding customer service can differentiate you from competitors and lead to repeat business and referrals.
Stay informed about relevant tax obligations and regulatory requirements to avoid fines and legal issues.
Lorna James is a dynamic force in the world of business and finance, blending professionalism with a genuine human touch. Lorna brings a wealth of experience in financial management and strategic consulting to every project. But beyond the boardroom, Lorna is a proud mother, a devoted grandmother, and the kind of friend and colleague everyone wants by their side. Her approach is as much about building meaningful relationships as it is about delivering exceptional results, making her a trusted and beloved figure in both her professional and personal life.