| Services to Businesses |
| We have years of experience serving closely-held businesses and their owners. Our services to businesses include:
*Audit, review, and compilation of financial statements,
*Tax planning and preparation,
*Management advisory services. |
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| Services to Nonprofits |
| Services to not-for-profit organizations make up the largest segment of our practice. We understand the special areas of concern shared by our not-for-profit clients. Our services to nonprofits include:
*Audit, review and compilation of financial statments,
*Audits of federal award recipients under OMB Circular A-133,
*Assistance with analysis and implementation of new accounting standards,
*Advisory services regarding applying for and maintaining exempt status,
*Analysis of tax status of unrelated business activities,
*Assistance with requirements regarding lobbying expenses,
*Preparation of Form 990 and other federal and state information returns,
*Advisory services regarding emerging issues affecting not-for-profit organizations. |
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| Services to Government Contractors |
| We have extensive experience serving government contractors and understand the issues that are unique to the industry. Our services to government contractors include:
*Audit, review, and compilation of financial statements,
*Assistance with preparation of cost rate proposals,
*Incurred cost reports,
*Tax planning and preparation,
*Advisory services related to cost rate structure, internal accounting systems, and Federal Acquisistion Regulations, (FAR). |
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| Audit Services |
| Audit services make up a large segment of our practice. We have a great deal of experience auditing nonprofits and businesses efficiently and effectively. In connection with your audit, we provide recommendations related to your system of internal controls and communicate with your audit committee as required by professional standards.
Audits differ from reviews and compilations, as they are an intensive examination of your company's systems and records performed in accordance with generally accepted auditing standards, providing the highest level of assurance on your financial statements. |
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| Reviews & Compilations |
| Reviewed or Compiled financial statements can be the right choice to meet your needs when an audit of your financial statements is not required. Wherever possible, we seek the opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. Reviews and compilations are described as follows:
*Review - some analytical procedures conducted with limited assurance
*Compilation - based upon client information provided and used primarily for internal use. |
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| 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 |
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| Tax Planning |
| 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. |
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| Tax Preparation |
| Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations. |
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| Employee Benefit Plans |
| We perform audits, accounting and advisory services for various types of employee benefit plans including:
Audits of plan financial statements,
Allocations and statements to participants,
Summary annual reports,
Summary plan descriptions,
Compliance testing, and
Preparation of required annual return. |
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| Financial Forecasts & Projections |
| Financial projections are often an important part of a business plan. Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our staff can assist you in meeting your reporting needs in forecasts and projections. |
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| Cash Flow & Budgeting Analysis |
| An organization can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your organization's financial condition, estimate financing requirements, and track cash-flow sources and uses. |
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| IRS Representation |
| 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. |
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| Consulting Services |
| 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. The following is just 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 |
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| Accounting Software Selection & 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 staff can help you choose and implement the system that best fits your needs. |
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| 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. |
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| Business Consulting |
| 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. |
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| 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. |
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| 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. We have experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations. |
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| Accounting Services |
| 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 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
*Litigation support |
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| 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. |
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| 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. |
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