Accounting & Audit
Emerging companies, growing companies, individuals, sole proprietorships, partnerships, and large companies turn to our firm for routine accounting services. For some clients, we often assume the role of the comptroller. In addition, we provide a number of other services, depending upon the client’s situation and needs.
Among these services are:
- Structuring the company’s system of accounts
- Preparing financial statement and reports to management
- Handling expenditures and collections
- Preparation and filing tax returns and reports to governmental agencies
- Preparing payroll checks and records
- Preparing budgets and assisting with budget enforcement
Clients who manage their routine, daily tasks of financial management turn to us for preparation of monthly financial statements, preparation of meaningful management reports, and tax planning and preparation. Whatever the nature of the recurring financial management needs, our clients turn to us because they know that we learn about our clients’ businesses, enabling us to better advise them. We help our clients manage their businesses more effectively
We have developed forms, practices, and procedures that allow us to gather necessary data with minimum input from you or your staff. Data can also be transferred directly from your computer to ours. You need good, timely information to better manage your business. We give you meaningful reports and on time.
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 can assist you in the preparation of your financial statements in accordance with professional standards. The financial statements produced can be a useful tool for management in making financial decisions.
We provide financial reporting on all three levels of assurance:
- Audit- an intensive examination resulting in an audit opinion – the highest level of assurance
- Review – analytical procedures applied to client provided data resulting in an accountants’ report expressing limited assurance on the financial statements
- Compilation – based upon client information provided and used primarily for internal use. Accountants’ report expresses no opinion or any other form of assurance on the underlying information reported in the financial statements.
Bookkeeping & Payroll
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.
As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing 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.
We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to 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 deserve throughout the year.
Tax services offered include but are not limited to:
- Tax planning & return preparation
- Individuals, Corporations, Partnerships, LLCs/LLPs
- Estates, trusts & gifts
- Not-for-profit organizations
- Taxing authority representation
- Divorce and support issues
- Tax effects of buying/selling a business
Tax Planning & Preparation
Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation.
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 due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
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.
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 the compilation of information and preparation of sales tax returns in an efficient and timely manner.
Accounting Software Selection and Implementation: With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting one that is right 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.
Business Succession Planning: Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company’s day to day operations. With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.
Business Valuations: Whether you are thinking of buying a new business or in the midst of a difficult divorce, the amount attached to the value of your business is important. We can provide useful and objective analysis to assist you in the valuation of 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 experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.
Business Entity Selection: 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 tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.
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.
Estate Planning: 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. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
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’s future growth and success.
Business Consulting Services: 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.
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.