Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. Meaningful, well organized financial records ensure that your daily business operations will run more efficiently. Our firm provides a full range of cost effective accounting services including the following:
General ledger & financial statement preparation:
*Accounting system setup for new business
*Computerized payroll services
*Business tax return preparation (Sales & Use/Business Property)
*Personal financial statements
Accounting Software Selection & Implementation
With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting the one that is best for you has become increasingly difficult. As accounting professionals, we are exposed to most programs through trade journals and actual use. Our experienced staff can help you choose and implement the system that best fits your needs.
Reviews and Complications
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency. We provide financial reporting on all three levels of assurance:
*Review – some analytical procedures conducted with limited assurance
*Compilation – based upon client information provided and used primarily for internal use.
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.
Business Succession Planning
Choosing the form of entity of your business (e.g. “S” corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding, positive or negative tax implications. We can assist you in evaluating the pros and cons of each entity type and help you determine the most advantageous form of business for your company.
The amount attached to the value of your business is important whether you are thinking of buying a new business or are in the midst of a difficult divorce. We can provide useful and objective analysis to assist you in valuing any business in which you have an interest.
Buying & Selling a Business
Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has the experience necessary to guide you through the acquisition/disposition process by addressing issues such as cash flow analysis and tax considerations.
Cash Flow & Budgeting Analysis
A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company’s financial condition, estimate financing requirements, and track cash-flow sources and uses.
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas which negatively affect profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. Listed below are a few of the areas in which we provide consulting services:
*Accounting software selection and implementation
*Type of entity selection
*Buying/selling a business
*Financial & retirement decisions
*Estate, trust & gift planning
Debt & Financing Services
Debt management and the evaluation of financing options are issues that an experienced professional deals with every day. Let us use our experience to assist you in securing financing for your personal or business needs or consolidating your current debt to a more manageable level.
Employee Benefit Plans
The accounting and tax issues involved with employer-provided benefit plans can be overwhelming. We can assist with the development, implementation and administration of your employee benefit plan.
Estate & Trust Tax Preparation
Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax as due on the transfer of your business and other assets. Providing for business continuity and succession of ownership is essential for business owners. We can guide you through the complex process of getting your financial affairs in order.
Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. Providing for business continuity and succession of ownership is essential for business owners. We can guide you through the complex process of getting your financial affairs in order.
Expert Witness Service
Pending or existing litigation can result in the need for a qualified professional to present his/her opinion to support or oppose evidence submitted to the court. Our level of competence allows us the opportunity to function as expert witnesses in such cases.
Financial Forecasts & Projectior
Forecasting is necessary when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company’s financial goals.
A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. We can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security through the financial planning process.
We can assist you in preparing your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.
We use accounting skills to provide an analysis of financial records in conjunction with dispute resolutions, as well as fraud and theft investigation. Our damage measurement methods can determine the extent of financial loss and illegal accounting practices.
Fraud Prevention & Detection
We use our considerable accounting and skills to analyze financial records in conjunction with fraud and theft investigations. Our damage measurement methods can determine the extent of financial loss and illegal accounting practices.
During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies.
This involves the qualifications of economic damages pursuant to existing or pending litigation using accounting techniques. We have an experienced and competent staff who can compile information efficiently to assist you in calculating and documentating of any potential economic loss or damages.
Management Advisory Services
Even the most qualified managers can benefit from competent, objective feedback. We can help your company’s management team develop long-term objectives and specific strategies to facilitate your business future growth and success.
Offer in Compromise with Fed, State, & Local Government
We have represented many cases in reducing tax lien or levies by using offer in compromise with Federal, State, and Local government. We have proven track records of effective strategies in relieving clients’ tax burdens.
As a business grows, it must hire more employees. This can result in increased payroll administration costs. We can help you implement the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.
Pension & Profit Sharing Plans
Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs…) can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.
Successful implementation and periodic review of your financial plan will ensure financial independence during both your working and retirement years.
Sales Tax Services
Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in compiling information and preparing of sales tax returns in an efficient and timely manner.
Tax Planning & Preparation
Tax planning and preparation form a winning combination for our successful individual and business clients. Our experienced staff can develop tax strategies that take advantage of new tax laws and legislation, whether you are an individual or a multi-tiered partnership.
We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we can identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they need throughout the year.
Tax services offered include but are not limited to:
-Tax planning & return preparation
-Estate, trusts, & gift
-Taxing authority representation
-Divorce and support issues
-Tax effects of buying/selling a business