Strategic tax planning and compliance are vital to the success of your business. Through our collective depth and breadth of experience, our staff works hard to help you find your best tax position in a constantly-changing and increasingly complex tax environment.
planning and PREPARATION
Every tax planning situation is unique. Our approach provides an engagement service team to become familiar with your business and your financial decisions - ensuring that we have the situational insight into all of your tax planning needs and can provide practical and timely tax advice throughout the year.
Our tax team is well-versed in federal and state income tax preparation and compliance within several industries - including construction, real estate, manufacturing, non-profit, and more.
We believe that tax planning ideas don’t always have to be elaborate. In fact, we prefer to keep things simple. However sometimes more is needed:
Complex planning experience
Merger and acquisitions
Real estate transactions
AUDIT & ASSURANCE SERVICES
Timely, accurate, and understandable financial statements are necessary to gauge how well your business has performed and to assess the strength of its financial position. We can prepare your financial statements and, in addition, perform the appropriate services in order to meet bank requirements for situations such as loan approval.
BASIC FINANCIAL STATEMENT PREPARATION
Intended for business owner’s use to manage the business
May fulfill some lenders’ documentation requirements for small loans
No formal report issued on the financial statements
Prepared directly from records provided by business owner, therefore no assurance is provided
In a compilation of financial statements, information is presented that is the “representation of management” without an opinion or assurance from us on the statements. Compilations do not require inquiries of management or analytical procedures. We rely solely on the information presented by management, as well as our knowledge of accounting principles.
Intended for use by lenders and other outside parties who may appreciate the business’s association with a CPA without requiring a level of assurance on the accuracy of financial statements
Typically appropriate when initial or lower amounts of financing or credit are sought or significant collateral is in place
We release a compilation report
More involved than a compilation, but less extensive than an audit, a review consists primarily of analytical procedures we apply to the financial statements, as well as various inquiries we make of a business’ management team.
Intended to provide lenders and other outside parties with a basic level of assurance on the accuracy of financial statements
Typically appropriate as a business grows and is seeking larger and more complex levels of financing and credit
CPA issues review report
An audit provides the highest level of assurance, and is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice.
Intended to provide creditors, investors, and other outside parties with a high level of comfort on the accuracy of financial statements
CPA issues a formal report that expresses an opinion on whether the financial statements are presented fairly, in all material aspects, in accordance with the applicable financial reporting framework
Typically appropriate and often required when seeking high levels of financing or outside investors, or when selling a business
We are here to help businesses by building a custom financial blueprint that meets their individualized needs. This includes options for an Outsourced CFO, Outsourced Controller, and Outsourced Accounting and Project Support.
We collect and crunch the data, organize it into understandable and, more importantly, actionable information, then ensure that management has the confidence needed to make the insight-driven decisions necessary to drive results.
For businesses that need a CFO, need support for their CFO, or need a transitional CFO, services may include:
Dashboards with KPIs
Review & feedback of Financials
Revenue Enhancement Plans
For businesses that need a Controller, need support for their Controller, or need a transitional Controller, services may include:
Monthly financial reporting
Review & feedback of Financials
Running of month end close
Budgets & Projections
Internal Controls & Compliance
For businesses that need Accounting or Bookkeeping support, an example of mix and match services include:
Bill/ Employee Expense Payment
Bank & General Sub-ledger
Sales, Property, & other monthly Tax work
Adjusting Journal Entries
valuation & LITIGATION SUPPORT
Businesses are most commonly valued for marital dissolution, buy/sell agreements (development or enforcement), business loss claims, estate planning, gift and estate taxation, admission or buy-out of shareholders and financing.
Our team has been preparing business valuations for over 20 years and has specialty credentials in business valuation. Valuation and a reasonable result depend very much on the experience and qualifications of the individual preparing the valuation as assumptions and appropriate adjustments made that only come with experience.
Because we value businesses of all sizes, for all sorts of reasons, we sometimes find ourselves in the courtroom defending our opinions as expert witnesses. Accordingly, we set up our files and reports to be ready for trial, if necessary. This often saves money because reports don’t have to be re-worked for trial.
ECONOMIC LOSS CALCULATIONS
Business economic loss claims typically result from violation of non-compete agreements, fire damages, theft loss, easement issues related to access, and unfulfilled contracts. We have testified in personal and business economic loss cases nationwide both in Superior and Federal Courts.
FORENSIC ACCOUNTING, FRAUD INVESTIGATION & DETECTION
Forensic accounting is a service that is often needed in a business valuation if one party suspects that business assets have been misappropriated.
Business owners select us to review what they suspect may be fraud on the part of an employee or partner. We discreetly analyze internal controls, review accounting records, interview staff (if needed), and prepare a loss report if we find that a fraud has been committed. Our reports may then be used if a business owner decides to proceed with filing an "employee dishonesty" insurance claim or prosecuting.