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Services

Tax Reporting and Compliance Engagements

  • Tax preparation and planning: The combination of tax preparation and planning form a winning combination for our successful individual and business clients. Whether you are an individual, partnership or corporation we can develop tax strategies that take advantage of new tax laws and legislation.
  • 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 gathering information and reporting.
  • Bankruptcies: There may be more to filing for bankruptcy than just submitting paperwork through your attorney, in many cases there are tax reporting issues that need to be taken care of as well.  We can assist you in the complicated tax and accounting reporting requirements associated with various forms of bankruptcy.
  • IRS Representation: During our years of experience dealing with many taxing authorities, we can ensure our clients they are being properly represented before the various federal and state tax agencies.
  • State & Local Tax: A business owner must always be aware of the potential filing requirements in other states and the effect of sales tax as prescribed by the locality on the transactions. We can help you determine the applicability of these laws and assist you with reporting the applicable taxes to the state or locality.
  • Payroll: An ongoing issue with the IRS is employee versus contractor.  We can help you understand the rules and assist you with your payroll filing requirements.

Consulting Engagements

  • Accounting Oversight: Many small businesses are limited by a lack of resources to effectively manage all aspects of the accounting function.  Areas in this engagement may include analysis of your internal control structure; bank reconciliation procedure; validity of your accounts payable and receivable; proper classification of activity in your accounting system; Inventory and fixed asset safeguarding; and may include other items identified as potential operational and financial problem areas.
  • 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.
  • 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 the experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.
  • Business Entity Selection: Choosing the form of entity of your business (e.g. “S” corporation, sole proprietor, limited liability company, etc.) 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.
  • Like Kind Exchanges: Structuring a like kind exchange correctly is the difference between recognizing tax on the sale currently or deferring the tax to a subsequent sale in the future.  We have the knowledge to assist and guide you so that the appropriate steps will be taken to maximize the deferral of tax on the exchange.
  • Business Asset Purchases and Sales: It is important to understand the tax and cash flow impact of any purchase or disposition of business assets.  We can help you analyze the impact of acquisitions, whether by lease or purchase, and the associated tax and cash flow result.  We can also help you understand the impact of any sales of assets.

Bookkeeping

Knowing where your company is performing financially may be a very complicated task when your expertise is not in accounting.  Having correct financial information not only helps you to plan for many different business possibilities but will assist you in tax planning to maximize your cash flow and minimize your tax impact.  We have a certified QuickBooks Pro on staff to assist you in keeping your financial information update to date and as a valuable resource.

 

 

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