Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison. Below we have listed the services that we offer to our clients along with a brief description.
As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional.
Accounting Services
Accounting Services
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:
*General ledger & financial statement preparation
*Bookkeeping (Monthly/Quarterly/Annual)
*Accounting system setup for new businesses
*Computerized payroll services
*Business tax return preparation (Sales & Use/Business Property)
*Personal financial statements
Audit Services
Our services include the preparation of all types of financial statements including audits, reviews and compilations. Depending on your needs, we are able to provide more specialized reports such as agreed upon procedures and prospective financial statements. Hands-on experience with clients in a broad range of industries, strengthened by a comprehensive, continuing education program, enables our staff to collect and present financial data that is timely and relevant, while satisfying the needs of credit grantors, federal and state agencies, and other interested users.
We apply a common-sense approach to auditing that brings the required credibility to your financial information at a reasonable cost to you.
Reviews & Compilations
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 two levels of assurance:
*Review - some analytical procedures conducted with limited assurance
*Compilation - based upon client information provided and used primarily for internal use.
Financial Statements
We can assist you in the preparation of 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.
Tax Services
Tax Services
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 & gift
- Not-for-profit organizations
*Taxing authority representation
*Divorce and support issues
*Tax effects of buying/selling a business
Other Services
Employee Benefit Plans
As a member of the American Institute of CPAs Employee Benefit Plan Audit Quality Center, we are committed to adhering to the highest quality standards by voluntarily agreeing to the Center membership requirements, which include designating a parnter responsible for our employee benefit plan audit practice, establishing quality control programs, performing annual internal inspection procedures, and making our peer review report findings publicly available.
Our employee benefit plan audit services include:
- Pension, health and welfare, and 401(k) plans subject to the Employee Retirement Income Security Act (ERISA) under the regulatory authority of the U.S. Department of Labor (DOL). - Consulting services related to employee benefit plans - Preparing IRS Form 5500 and summary annual reports.
Our goal is to continue to enhance our quality initiatives within our employee benefit plan audit practice to deliver the highest quality audit services possible.
Consulting Services
Business Consulting
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 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.
Business Valuations
A business valuation involves having an objective, third party who has training, experience, and expertise in valuing businesses to arrive at an opinion regarding the estimated value of an ownership interest in a business entity as of a given point in time.
Knowing the value of your company is important in planning for the transfer of the business to your heirs at the lowest possible cost. Proper planning can minimize transfer taxes and provide for ownership succession of your company. As a business owner, a valuation of your company may serve to fill other needs as well. In addition to estate and gift tax planning, a business valuation can be an important tool for many situations, including:
*Plan for shareholder value
*Benchmark value/periodic valuations
*Evaluate buy/sell agreements
*Obtain litigation support
*Evaluate mergers and acquisitions
*Charitable contributions
*Divorce
*Shareholder disputes
*Selling all or a partial interest of a business
*Establishment and maintain Employee Stock Ownership Plans (ESOPs)
Once you possess the knowledge of the value of your business, you are placed in a position of superior negotiating power in that you can make an informed decision that will best suit your needs, and you can go with confidence to the other parties involved in any potential transaction.
Our business valuation services are conducted using a systematic process to value your business and provide you with the business valuation report that meets your needs. Valuation engagements range from a very informal preliminary indication of value to a formal report including an opinion of value. Business valuations are an ever-evolving and complex process. Our professionals utilize state of the art techniques to assess the value of your company. By keeping current with estate and gift tax laws and regulations, as well as the latest valuation theory and approaches, we can provide you with the highest level of service.