We will tailor our services to meet your specific needs and budget. These services can be as limited or in depth as you desire. Your monthly or quarterly financial statements will be prepared in a format that is the most useful for you. Our staff will also be available to discuss the financial statements with you so that they may become effective management tools. Many of our clients utilize “in house” bookkeeping departments and computer based accounting systems. We will design our services to maximize the benefits of an “in house” system.
If needed, our Accounting Services Department can provide detailed bookkeeping services, such as check writing, customer invoicing services, preparation of bank statement reconciliations, tracking of receivables and payables, and payroll processing services.
We will prepare your required payroll, sales tax, and income tax filings for not-for-profit as well as for profit entities. Our staff offers tax advice and planning, including information related to the most recent federal and state income tax law changes. We can advise you of the specific tax effect of pending transactions and assist you with the best transaction structure to meet your needs. If you are a new business, we can help you decide whether you should incorporate, elect Subchapter S status or operate using some other business structure.
Our licensed professionals can provide representation services before the IRS, state and local tax authorities should you receive a notice or in the unlikely event your return is selected for audit.
It is not necessary for us to have prepared the original return to provide you with representation.
Our accounting services staff has many years of experience with bookkeeping and accounting software. While Quickbooks and Sage are most prevalent, we have experience with other software as well. We can recommend cost effective software that will meet your individual needs. Our staff will be able to assist with the establishment of your accounting system and, if required, teach you or your staff to use the software. We will also provide continued support.
There are many other situations where we may assist you in your business. The following is a partial list.
Asset - Lease vs. Buy decisions
Tax consequences of leasing an auto
Tax consequences of personal use of autos and other business assets
Tax effect of the sale of property
Assistance in the planning and timing of your transactions to give you the maximum benefit when utilizing long term capital losses or net operating losses
Proper handling of company provided health insurance and other benefits for both stockholders and employees
Since every business has its own financial reporting requirements, your financial statements may need to be REVIEWED, COMPILED or PREPARED. (For more information regarding levels of assurance related to these engagements, Click Here). Reviewed and Compiled statements may be presented for use by third parties such as banks, investors or other creditors. Prepared financial statements are limited in their use to management or owners of the entity. Our services will be conducted under the professional standards as issued by the American Institute of Certified Public Accountants (AICPA).
We can provide very specific and tailored engagements under the attestation standards. These engagements are designed to meet a specified need of management. These engagements are limited in scope and required understanding between us and our client. Many of the engagements are designed with procedures similar to one performed during an audit, without incurring the time or expense of a financial statement audit.
We may provide audit support services that bridge the gap between your internal accounting staff and the outside auditors, allowing your chosen audit firm to remain independent under current professional standards. If you currently do not have an audit firm and are required to have an audit, we can assist in that selection process.