Regular audits provide the business owner with financial statements that are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles. It provides a level of assurance that the financial statements are reasonably free of material misstatements.
Updated reviews provide the business owner with financial statements that are reasonably free of material modifications that should be made to the statements in order for them to be in conformity with U.S. generally accepted accounting principles or, if applicable, with other comprehensive bases of accounting.
These assist the business owner in putting the record keeping data into a generally accepted accounting principle format.
These statements are used to provide a measure of personal wealth and refers to financial statements that present the personal assets and liabilities of an individual or group of related individuals (a family). Families should look at these statements annually to measure the increase in personal wealth from year to year.
Areas of bookkeeping include a variety of services such as: entering the raw accounting data of the business, bank reconciliations, payroll processing and preparation payroll tax reports, W-2s, 1099s, personal property tax declarations and sales tax reports.
Constant internal controls tests are administered to determine if the policies, procedures and systems of an organization are adequate to achieve an organization’s reporting requirements as well as if the policies and procedures are being followed.
This area consists of specific procedures, which are applied to specific financial information in order to give business owners and the users of the specific financial information an idea about whether the information is reasonably accurate and complete.
Projections consist primarily of compiling data, which represent future hypothetical transactions, to determine the future financial performance of an existing or proposed business. Projections are more closely related to budgets and they assist business owners in making better decisions.
Forecasts are very similar to projections with the exception that a review (defined above) must be performed on the information being used to prepare the forecast. Forecasts provide the same benefits as projections, but they offer limited assurance that there is no material modifications that should be made to the forecasts in order for them to be in conformity with U.S. generally accepted accounting principles.
Our services for individual compliance range from personal 1040 preparation to Sole Proprietorship’s and state tax issues. Our services for business compliance range from partnerships and all flow through entities to C Corporations.
This relates to future wealth planning and retirement strategies. We assist our clients in accumulating the proper mix of professionals to be sure the retirement vehicles being used are maximized.
We provide year-end tax planning for all of our clients to help maximize tax savings and minimize stress. These tax strategies can come in the form of tax deductions or actual dollar for dollar tax credits.
Whether you plan to sell your business, retire, or are determining value for an estate, these services will let you know where you are so you can know where you need to go.
Does everyone in your organization know where you are going? If not, a business plan can give your teammates a clear picture of where you’re going and how to get there.
These services encompass cash flow analysis, budgeting, ratio and capital structure analysis as well as industry comparatives. For owners of growing companies who cannot keeps tabs on all the operational aspects of their company due to their size, they need to learn how to manage through information, These services will teach you how to measure the success of your organization without being involved in every decision that needs to be made.
Are you maximizing your company profit? We can show you how to improve profit the reason you went into business in the first place. We can show you how to increase revenue and decrease cost.
Dealing with banks is something many small businesses are intimidated by. Do you have an investor? We have an extensive database of venture capitalist that can help you properly fund your business. Although every deal cannot be done with a bank or through venture capital firm, we can assist you in creating or improving your financial stability to attract bankers and investors to your company.
Are you growing and need some help? If your company is in the position where it is too big not to have a controller or CFO, but too small to afford one, our advisory services may be a solution for you. We can fulfill the responsibilities these individuals have in an organization by administering these functions. We won’t make the management decisions, but we will advise you to make the decisions that need to be made.
If you need assistance with buying or selling a business, we can help you with those decisions. “Is it worth it?” “Am I selling too low or too high?” We will also assist in the whole administrative process of buying or selling a business.
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