My firm offers a wide range of services to my individual and business clients. Because my firm is relatively small, my clients benefit by getting personalized quality service that is beyond comparison. Below I have listed the services that I offer to my clients along with a brief description. As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed.
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. I can help you and your business with the day-to-day tasks associated with bookkeeping by working closely with you and your staff to help get the organization in place to enable you and your staff to maintain and use your own accounting system. If not using your own accounting system, I can help you and your business by establishing a system that will allow me to take your source documents and maintain journal records for you and your business through accounting software used by my firm. With these services you will have reports such as a balance sheet or income statement that are important tools that can be used in making sound prudent financial decisions, planning and evaluating your business's performance.
Providing financial information to my clients in a timely and accurate manner is a commitment that I feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. My firm provides a full range of cost effective accounting services including the following:
General ledger & financial statement preparation
Bookkeeping (Monthly/Quarterly/Annual)
Accounting system setup for new businesses
Computerized after the fact payroll services
Business tax return preparation (Sales & Use/Business Property)
I can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. This type of service is know as a Compilation and I will prepare an annual Compilation Report that would include financial statements such as a Balance Sheet, Statement of Income and Retained Earnings, Statement of Cash Flows, Schedule of Operating Expenses and Notes to The Financial Statements. These financial statements would be accompanied by an Independent Accountant's Report. All of this work would be performed in accordance with Statements on Standards for Accounting and Reviews issued by the American Institute Of Certified Public Accountants. The financial statements produced can be a useful tool for management for making financial decisions, planning and evaluating performance. It would also give you and your business a professional set of financial statements that can be given to creditors, financial institutions and banks in order to obtain credit, acquisition loans and lines of credit.
I view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. I provide financial reporting on two levels of assurance:
Review - some analytical procedures conducted with limited assurance
Compilation - based upon client information provided and used primarily for internal use.
A business can be profitable and still run into trouble due to cash flow issues. A good cash management plan and budget can improve your company's liquidity, reduce costs and can increase your company's profitability. This process will also give you the opportunity to evaluate your business's structure and operations. With the use of the budget by comparing actual results to your company's budget on a timely basis you will have the ability to analyze your spending and make prudent business decisions when necessary to keep your company on the right track of profitability. I can help you and your staff forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses.
Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, the experience that I have can assist you in achieving your company's financial goals. We my not be able to predict the future but this process will give you an insight to and understanding of you business which will allow you to manage your business, keep up with current market trends and control costs.
I prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, I am in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. I provide my 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 and preparation form a winning combination for my successful individual and business clients. With over 30 years in tax preparation and planning, I have the experience to develop tax strategies that take advantage of new tax laws and legislation. Going beyond the annual preparation of a tax return, you can count on me to work with you through-out the year to help you plan to save tax dollars and keep you in compliance with federal and state regulations. I will work with you closely to help ensure that you consider all of your legal deductions so as to maximize your tax savings. The tax system continues to become increasely complex and is constantly changing. It takes a dedicated tax professional with the knowledge of the tax system to help you make the right tax choices to minimize your tax liability and develop a plan that will meet your objectives.
During my years of experience dealing with many taxing authorities, I have achieved a level of competence that can ensure my clients they are being properly represented before the various federal and state tax agencies. I will help guide you through the dealings with federal and state agencies and to ease your worries will deal on your behalf with these agencies.
As a business grows, it must hire more employees, which can result in increased payroll administration. I can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. My firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.
I gauge my worth by the personal and business successes of my clients. I 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, I provide comprehensive, flexible strategies that address the issues affecting your business. The following is just a few of the areas in which I provide consulting services:
Accounting software selection and 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 a accounting professional, I am exposed to most programs through trade journals and actual use. With my experience I can help you choose and implement the system that best fits your needs.
Business entity selection: Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative, and legal liability issues. I 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.
Buying and Sellin a Business: Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. With the experience I have gained I can help guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.
Pension and Profit Sharing Plans: Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs…) can provide significant tax advantages for closely held businesses and self-employed individuals. I can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.
Debt and Financing Servicces: Debt management and the evaluation of financing options are issues that an experienced professional deals with every day. Let me use my experience to assist you in securing financing for your personal or business needs or consolidating your current debt to a more manageable level.
Investment Review: As you develop your investment strategy, I will act as your sounding board. I 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.
Debt and Financing Servicces: Debt management and the evaluation of financing options are issues that an experienced professional deals with every day. Let me use my experience to assist you in securing financing for your personal or business needs or consolidating your current debt to a more manageable level.
Retirement Planning: Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.
