| Not-for-Profit Organizations |
| *Not-for-Profit Organizations- In addition to offering services for profit motivated entities, we also offer services related to not-for-profit organizations. The not-for-profit organization faces many challenges that are unique to those encountered by traditional businesses. Our staff has experience in providing solutions to these challenges and assisting in creating and managing successful grant and fundraising programs and meeting the special needs of the not-for-profit entities. We offer not only the assurance services that these organizations need, particularly if government funding is received, but also offer consulting services to these organizations as well. |
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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 accounts reconciliation and review
*Accounting system setup and training for new and existing businesses
*Business tax return preparation (Federal, State and Local)
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| Audits, Reviews and Compilations |
| While the three most common assurance services are audits, reviews and compilations, we also provide other assurance services. We provide assurance services not only on financial statement presentation but also on the process and controls used to operate and manage a business as well as on assertions and agreements made with third parties and other regulatory bodies. We view a part of our role in the assurance process as an opportunity to provide constructive solutions for maximizing a company's or organization's profitability and efficiency.
*Integrated audit services - an intensive examination objectively assessing audit risk, evaluating controls and providing a report to management on the reasonableness of the financial statements as well as a report to management or the audit committee on the effectiveness of the internal controls and operating procedures used to monitor business risk and improve performance.
*Review Services- a less intensive process which involves the application of analytical procedures and management inquiries providing a limited level of assurance.
*Compilation Services- a process of taking information provided by the client and presenting the data in the proper format.
*SARS 8 Financial Statement Preparation- we assist the client in the preparation of financial statements, but we provide no type of report or assurance on the underlying information included in the financial statements. These are designated as "internal use or for management purposes only" which can be a useful tool for management in making financial statement decisions.
*Due Dilligence Services- agreed upon procedures with the client to be applied in a potential acquisition or merger of a business or a property acquistion.
*Governmental Cost Certifications- for contractors and mortgagors (HUD and state housing agencies)
*Internal Control Reviews
*Electronic Filing Services- for HUD projects to allow submission of annual reports to REAC.
*Other Agreed Upon Procedures- Specific to the terms agreed upon related to contracts or agreements. Specifically related to compliance issues or testing to be performed, or related to a detailed procedure in particular that is agreed upon to accomplish an objective to aid management in evaluating a business decison or risk. |
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| Financial Forecasts & Projections |
| Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals. |
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| Cash Flow & Budgeting Analysis |
| A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses. |
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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 (Federal and Multi-state)
- Individuals (including sole proprietorship reporting)
- Corporations (S Corporation and C Corporations)
- Partnerships
- Limited Liability Companies/ Limited Liability Partnerships
- Estates, trusts & gift
- Not-for-profit organizations
*Taxing authority representation
*Divorce and support issues
*Tax effects of buying/selling a business
*Tax research |
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| Tax Planning & Preparation |
| Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation. |
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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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| International Taxation |
| Our experience with the taxation of U.S residents working abroad and foreign citizens working in the U.S. has provided us with an extensive base of knowledge in the area of international taxation. |
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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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| Consulting Services |
| We gauge our worth by the personal and business successes of our clients. 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 are just a few of the areas in which we provide consulting services:
*Business Valuations
*Buying/selling a business
*Estate, trust & gift planning
*Financial & retirement decisions
*Type of entity selection
*Computer systems |
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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 experienced staff can help you choose and implement the system that best fits your needs. |
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| Business Succession Planning |
| Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company's day to day operations. With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan. |
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| Business Valuations |
| Whether you are buying or selling a business, in the midst of a difficult divorce or structuring a business to minimize estate tax, the amount attached to the value of a business is crucial. |
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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. Our competent staff has the experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations. |
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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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| Retirement Planning |
| Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years. |
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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 gauge our worth by the personal and business successes of our clients. 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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| Investment Review |
| As you develop your investment strategy, we will act as your sounding board. We can help you and your investment advisor build an investment portfolio that takes into consideration the impact of taxes and produces a favorable after-tax return. |
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| Debt & Financing Services |
| Debt management and the evaluation of financing options are issues that an experienced professional deals with every day. Let us use our experience to assist you in securing financing for your personal or business needs or consolidating your current debt to a more manageable level. |
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| Business Entity Selection |
| Choosing the form of entity for your business ("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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