Services Offered

Financial Statements are a useful tool in measuring the financial results of managerial decisions. A monthly look at your financial statements can tell you how you are doing so you can act on a problem or seize an opportunity before it's too late. We look at your financial picture so we can alert you to those areas, we believe need attention. Watching your bottom line can often help improve it.

Balance Sheet

• Balance Sheet gives you a glimpse, at a point in time, of the balances of  your assets, liabilities and equity. Example, cash balances, accounts receivable, accounts payable, taxes owed, etc. This is statement is particularly useful to your banker when he is trying to make a decision about a loan.

Income Statement

• The Income Statement gives you information for a period of time, such as a year. It shows you the sales, expenses, and net income for that period.

Cash Flow Statements

• The purpose of cash flow statements is to provide information about the sources of cash and cash equivalents (i.e., cash receipts) and the uses of cash and cash equivalents (i.e., cash disbursements), specifically information about:
  • Operating cash flows
  • Investment cash flows
  • Financing cash flows
• The statement also presents information about material non-cash events.  Cash flow amounts per share are not disclosed.

Financial Graphs

• Financial Graphs help you to understand, at a glance, financial data, such as sales trends, expenses, etc.

 Budgeting

• Budgeting allows comparisons to your actual results, and provides  you with the progress you're making toward your goals.

You can have boundaryless access and enter your businesses financial information 24/7 anywhere, anytime, with full mobility and the knowledge that your financial information is private and secured. We have all accounting and bookkeeping software packages available, including many versions of QuickBooks Pro(r). All versions are continually updated automatically. Full backup service is available. In addition, you can backup onto your own system.

Whether you are an existing user of QuickBooks Pro(r) or other accounting and bookkeeping software, or looking to computerize your company, we can help make the transition simple and easy.

Our unique Digital Online Accounting & Bookkeeping Package, allows you secure Boundaryless Access to your company's financial information from anywhere in the world. You can use the software of your choice, from QuickBooks to Peachtree. Entrepreneurs find it a must.

We can oversee your in-house bookkeeping staff to ensure accuracy & efficiency.

We offer Client Write-Up Services, reconcile your bank accounts and any other bookkeeping services you may need.

We prepare tax returns & provide tax planning for businesses, non-profits, estates, trusts, & individuals. Tax preparation includes federal, state, & local returns as needed. The types of Entities we prepare returns for:

Corporate

• Regular
• Small Business Corporation ("S" Corp)

Partnership's

• General
• Limited
• Limited Liability Partnership

Limited Liability Company

Estates

Trusts

Non-Profit Organizations

Retirement Plans

We Also Prepare:

• Sales Tax Returns
• Payroll Annual, Monthly, & Quarterly Tax Returns
• Payroll Tax Depositories
• Employee W-2's

As a valued Client we will be available to you in dealing with the IRS and other tax agencies. Taxpayers need a competent representative to deal with the tax agencies on their behalf and present the issues, facts, and arguments which will best support the taxpayer.

• IRS audit representation - business & personal
• Department of Labor Audits
• Negotiation of amounts & terms
• Offer's & compromise proposals
• Penalty assessments
• State & local tax audit representation
• Tax appeals
• Tax petitions
• Tax collection matters
• Tax deficiencies
• Wage an hour inquiries
• Wrongful tax assessments

Selecting the right type of Business Entity. The type of entity (e.g. corporation "S" or regular, partnership, sole proprietor, limited liability company) you choose to operate your business is crucial in determine both the businesses and your long-term tax consequences.

Each selection depends upon the specifics of the business and whom the owners will be. We help you determine the most advantageous form in which to operate your company. We specialize in working with new start-up businesses and in assisting buyers of businesses.

Our advisory & consulting services are designed to provide our Client's assistance in areas which may benefit from our knowledge, experience, and techniques. One of our most important goals is to assist you and your company in increasing after-tax profitability.

• Business continuity planning
• Business formations
• Buying & selling a business
• Compensation - designing of incentive packages
• Digital Online Accounting & Bookkeeping Software
• Entity selection
• Financing assistance
• Fringe benefit programs
• Negotiations - support services to businesses & individuals
• Profit Enhancement
• Retirement plans
• Strategic business planning

Planning for succession of closely held businesses should be part of your estate planning. It is important to structure an orderly succession plan which allows your goals to be achieved and does not leave the decisions to the state you reside in. Good planning saves taxes, provides financial security, and peace of mind.

A professional is called in for pending litigation, either for businesses or individuals to provide assistance in the documentation & calculation of any potential economic damages or loss. In Matrimonial matters, we provide valuations of closely held businesses, uncovering of hidden assets, calculations for maintenance, child support, & distribution of marital assets. Recommendations on tax implications & tax structure.

• Expert witness service
• Fraud investigation
• Litigation support services for all settlement negotiations
• Quantification of economic damages

• Valuations of closely held businesses
• Uncovering of hidden assets
• Calculations for maintenance & child support
• Distribution of marital assets
• Recommendations on tax implications & tax structure
• Assisting to the spouse not familiar with the financial aspects of taxes, budgeting or setting financial goals after divorce.

Financial planning is equally important for both businesses & individuals. We work with our Clients in tax planning, risk management, asset preservation with limited tax consequence.

Businesses

Set short-term & long-term goals, plan for your business's future by securing your business's financial health and establishing a strong foundation. Who are your customers? Have you established your marketing presence? What are your costs of doing business? We can assist you in developing a comprehensive business plan that will help you identify & achieve your goals

Individuals

Plan now to set and achieve your financial goals, for your children's future education, your retirement, and your life style. You decide which goals are important to you!

Estate Planning & Preparation

Estate tax rates can exceed 49% of your total estate, if you do not take action now. Minimize your taxes by establishing an estate plan individually suited for you, based on your wishes. An estate plan provides for an orderly transfer of assets and or your business to your beneficiaries with minimal tax exposure, and allows for business continuity.

Trust Planning & Preparation

Establishing a trust can be an integral part of your estate planning. Trust's are established for many purposes from reducing your estate taxes, protecting your disabled child, protecting your assets from confiscation from creditors, your child's education, continuity of business succession, security for your surviving spouse, to controlling your beneficiaries excessive spending habits.