Business Services

Business growth does not always equal success. That comes with planning – planning that develops information systems, evaluates forecasts, and improves profitability and organizational responsiveness.

As your CPA, we get to know your organization, its operations and finances, your personnel, your tax situations, and your data processing and management information system needs. Our knowledge of your industry and our broad range of business skills help ensure that we will best meet the needs of your organization.

Accounting Services

Our traditional audit and accounting services are made more valuable to you because of the personal attention and management assistance we incorporate into every engagement. Not all users of financial statements need the same degree of assurance. We, therefore, offer three distinct services involving financial statements: audit, review and compilation. These services are keyed to meet different needs.

  • Audit – During an audit, we test the accounting records and transactions underlying a company’s financial statements in accordance with auditing standards generally accepted in the United States of America. We then express our opinion as to whether the statements are fairly presented in conformity with accounting principles generally accepted in the United States of America or other appropriate basis of accounting. Third parties, such as bankers, other credit grantors, and bonding companies often require an audit. Also, an audit often is preferred by members of management seeking an outsider’s testing of the company’s financial reporting.
  • Review – In many instances, a review or compilation is sufficient for a client company and its creditors. In the former, we review a company’s financial statements and issue a report giving a limited degree of assurance. To perform a review, we are required to have a working knowledge of your industry and key aspects of your business. We make inquiries relating to the financial statement and then apply analytical procedures designed to identify unusual items or trends that may need explanation.
  • Compilation – A compilation involves taking financial information provided by a company and compiling it in financial statement format. A compilation carries no degree of assurance; yet, it is adequate for certain purposes. We first familiarize ourselves with accounting practices common to your industry and acquire a general understanding of your company’s transactions and how they are recorded. We then compile the financial statements and give them a professional second look.

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.

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.

Forecasting is a necessity 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.

We can assist you in the preparation of your financial statements in accordance with professional standards, by helping to compile them, using your numbers, into a meaningful, professional looking format.  The financial statements produced can be a useful tool for management for making financial decisions.

Tax Services

Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including corporations, partnerships, trusts, estates, and not-for-profit organizations.

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.

Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities.

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.

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.

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.

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.

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.

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.

Debt management and the evaluation of financing options are issues that an experienced professional deals with on a regular basis. Let us use our experience to assist you in securing financing for your business needs or consolidating your current debt to a more manageable level.

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.

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.

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.

Other Business Services

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.

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.

Litigation support involves the quantification of economic damages pursuant to existing or pending litigation using accounting and auditing techniques. We have experienced competent staff who can compile information efficiently to assist in the calculation and documentation of any potential economic loss or damages.

Finding the right business partner for your company can be a difficult task. We can assist you in the merger or acquisition process by assessing such critical elements as tax considerations, product/service compatibility, competitive tactics and position, financial impact, and cash flow considerations.