| Corporate Tax Compliance |
| Owners of closely held businesses often find that production and daily operations command most of their business day. Worrying about tax regulations should not add to your burden. Our experienced tax team will collect from you the necessary information and prepare your tax package, ensuring you comply with tax reporting requirements. |
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| Partnership Tax Compliance |
| Many of our clients hold their real estate interests within partnerships and limited liability companies. While this structure provides many advantages, tax administration can be complex. We have professionals dedicated to monitoring compliance with regulations in this practice area. |
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| Tax Strategies |
| Tax laws are ever changing. Our tax professionals thoroughly understand comprehensive changes in international, federal, and state tax laws that directly impact our clients. We proactively consult with our clients as laws change to minimize tax consequences and maximize tax benefits. By combining tax planning and compliance services, our tax consultants provide you with innovative solutions for preserving wealth and relieving unnecessary tax burdens. |
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| Trust Compliance Taxation |
| Our clients’ financial plans often include establishing trusts for the benefit of their families. The tax and administrative consequence of these decisions is governed by a unique set of rules and regulations. Our trust compliance professionals help guide you through the necessary paperwork. |
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| Estate Tax Planning |
| Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and reduces or eliminates 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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| Audit |
| Businesses and nonprofit organizations require financial statement audits for different reasons. At a certain level of credit, banks require an audit. Governing boards request audits for oversight, and business owners appreciate the additional scrutiny that an audit provides. The audit process has changed significantly in recent years. In addition to providing assurance regarding financial reports, our audits evaluate the risk of fraud and aggressively review accounting and internal control procedures. Our deliverables include not only an audit opinion, but also a management letter that indicates other findings from our audit. Our goal is to assist clients in maintaining an appropriate system of governance. |
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| Review |
| A review is significantly less in scope than an audit. Our professionals focus on assisting our clients in preparing accurate financial statements, including required disclosures. Our review includes inquiries regarding accounting processes and analytical calculations. This service accommodates an organization for which an audit is not economical while still providing a moderate amount of assurance. |
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| Compilation |
| A compilation is the most cost-effective financial report. Our professionals assist clients with the reconciliation of year end balances. While our report does not provide assurance regarding accuracy, the process often leads to a more credible document to provide lenders and other parties interested in the results of your company. An annual report is an opportunity to document formally the financial history of your business. We notice that many of our clients take pride in having 20 years or more of financial reports filed in one convenient location. It provides a concise history as well as a means to plan the years ahead. |
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| Fraud Prevention Services |
| Fraud exists in all industries, no matter the type of business – closely-held businesses, non-profit organizations, public companies or governmental entities. The most costly fraud abuses occur in organizations with fewer than 100 employees. Only a small percentage of fraud is detected or reported. Our services include management training programs for fraud awareness and prevention, fraud risk analysis, financial investigative work, and investigative work in support of legal preparations. |
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| Cash Flow and Profitability Consulting |
| In order for a business to succeed, it must have cash. The number one driver in achieving long-term positive cash flow is sustained profitability. Do you have sufficient insight into your break-even point, margin, variability in mix and cash demands of growth? Our professionals are skilled in cost accounting and forecasting and will work with you to develop a profitability model. |
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| Retirement Plan Administration |
| Due to today’s legislative environment, retirement plan regulations have become quite complex. Our professionals proactively monitor and interpret ongoing developments in benefit regulations to ensure your plan operates in compliance with the regulation changes, and we identify the impact these changes have on your plan. In addition, our experienced team minimizes the administrative burden by performing the required compliance testing and completing the forms necessary to keep your plan in compliance with federal laws and regulations. |
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| Retirement Plan Design |
| Developing a retirement plan that best suits your company's specific needs can be challenging. Our staff serves as a key strategic resource in the process of creating an innovative retirement plan solution that will meet your unique objectives. Based on your defined goals, we will provide specific recommendations as to the structure and operation of your plan. In addition to providing objective recommendations regarding your plan design, we will guide you through the development and implementation process and provide a complete package of services to effectively operate your plan. We tailor each plan to provide flexibility and maximum planning opportunities for businesses of all sizes. |
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| EPCRS Consulting |
| Our specialization in retirement plan design and administration has led to our participating with organizations navigating through the correction of plan errors. The government’s Employee Plans Compliance Resolution System (EPCRS) provide remediation in the event your plan becomes vulnerable to disqualification. We typically collaborate with attorneys specializing in benefit law as this practice area can be extremely complex. |
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| Retirement Plan Audits and Other Reporting |
| Many CPAs provide audits of employee benefit plans. Since our firm has a practice area specializing in retirement plan services, we have access to a depth of knowledge about plan administration that complements our plan audit services. We have joined the American Institute of Certified Public Accountants’ Employee Benefit Plan Audit Quality Center. If your plan requires an annual audit, our professionals are prepared to ensure an audit compliant with all relevant standards. |
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| Private Equity Valuations |
| At various times in a company's life, it is important to know the market value of your company. Whether for succession planning, preparation for sale, or simply compliance with shareholder agreement requirements, our valuation team will provide an insightful analysis based on the environment in which your business operates. |
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