Services
If you’re looking for a firm that will focus on your individual needs, and always treat you like a client who matters, look no further. Our firm is large enough to offer a full range of professional services, but small enough to give you the individual attention that you desire.
We will thoroughly and conscientiously study your personal situation, and tailor our advice to your specific needs
Assistance / Preparation for Reviews and Compilations
Many small business owners have a requirement or desire a financial report from a CPA. We understand this need and can be helpful to small business owners in this arena. Our firm does not issue Review and Compilation reports – we work with larger firms that actually issue the reports. We help small business owners with the underlying preparation of the workpapers that are required as a part of the Review and Compilation reporting process. Our work is tailored to your situation with the goal of helping you manage and reduce the Review or Compilation overall costs. We understand what the CPA reporting needs for workpapers and back-up and can help you deliver – reducing time spent by your employees and less disruption of their operations.
Bookkeeping/Write-Up
If your business does not currently have accounting staff or if your business is outgrowing its current bookkeeping system, we can provide comprehensive bookkeeping and write-up services to ensure the smooth operation of the financial side of your business. As your business needs grow and change, we can provide input and planning assistance to make sure your accounting and financial systems keep pace with your business needs.
Business Consulting
As a true business partner, we are available to help you deal with any business problem or opportunity. We stand ready to engage in business consulting projects to help you make the right decisions for the future of your business. Whether you face questions related to expanding, selling or restructuring your business, we have the necessary business acumen and analytical capabilities to help you make the right decisions.
Over the years that we have spent helping small business, we have seen a lot of different and unique business situations. We draw on these experiences to help you grow your business. Rarely is there a small business situation that has not been seen before. Many times the quickest and most productive solution is to consult with others. If we have not seen the situation, we know where to go to find someone who has, and bring them in to help.
Business Entity Selection
The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc. — that you select for your business has enormous financial and tax implications. It is important that you make the right decision. We can explain each choice and its implications. As your business grows and changes, the type of business entity you choose may need to change also.
Buying or Selling a Business
Few business decisions are more important, complex and potentially business altering than a buy or sell decision. When you are ready to sell your business, we can provide support at every step, including valuing the business, vetting potential buyers, and supporting due diligence. If a buying opportunity presents itself, we can help by providing valuation services, developing negotiation and financing strategies, and managing the due diligence process. We also have extensive ESOP consulting experience.
Estate & Trust Tax Preparation
Estate matters affect everyone. By taking proactive steps today, you can ease the way for your heirs during a very difficult time. We can work with your legal counsel to help you to structure your estate and trusts to minimize taxes and ensure the smooth transition to your heirs. We are available to handle all estate and trust tax-related matters.
Financial Analysis
When a business is able to undertake strong financial analysis, it opens up new opportunities to improve management, planning and decision making. Financial analysis provides the numbers to support, reject or contemplate a course of action. Prospective analysis can show how situations may evolve under various scenarios, providing a new dimension to decision making. We are ready to provide this type of financial analysis to support the continued prosperity of your business.
Our staff uses Excel spreadsheets daily and we consider ourselves savvy with spreadsheets. If you would like us to help design or review your spreadsheets – we are here to help.
Form 5500 – Solo 401K and Self-Employed Individuals
Many self-employed people create retirement plans such as a solo 401K. When the assets in the plan grow, a filing requirement can come into play. These information returns are often offered by brokerage firms – for a fee. Our fees are competitive for these returns.
Form 5500 – Welfare and Benefit Plans
Employers with over 100 employees have Form 5500 filing requirements if they are offering health and benefit plans such as dental, vision, disability, long-term care and life insurance. These information returns often fall between the cracks and do not get filed. We can assist you with “getting compliant” with past-due forms, as well as all current welfare and benefit plan filings.
IRS Representation
An IRS audit can be an intimidating and complex process. If you or your business face an IRS audit, we can bring to bear years of experience in dealing with tax matters and IRS audit procedures to ensure that you are properly represented when dealing with the IRS and other tax authorities.
Monthly Workbook
One of our most popular tools is the development of a monthly workbook for the small business owner. The monthly workbook contains selected financial information taken from their internal financial statement and records. The workbook is designed to help the small business owner to see and monitor that the business is operating as planned.
Retirement Planning
One of the key tools in retirement planning is the “spend down” table. This table is an Excel spreadsheet that is designed to recap your assets going into a retirement and model how your retirement looks from a financial perspective. We develop a model tailored to your situation that is thought-provoking and helpful in guiding you on this decision.
Sales Tax Services
State and local tax authorities are looking to maximize sales tax collections. We can help you understand and manage your sales tax obligations and prepare sales tax returns in an efficient and timely manner.
Tax Preparation & Planning
Effective tax preparation and planning can help you to minimize your future tax liability. We can help you proactively manage both your personal and your business tax issues, including understanding how upcoming business opportunities impact your tax status and vice versa. Not all tax planning opportunities are readily apparent. By having us on your team, you are more likely to benefit from those opportunities. We understand how the latest federal, state and local tax legislation and other developments affect you and your business and we are constantly identifying new ways to reduce federal, state or local tax liabilities.