PERSONAL/INDIVIDUAL NEEDS

Tax Return Preparation

Tax planning strategies are an important tool we offer our clients.  Our tax planning takes into consideration the tax situation of not only the business entity, but also the owners.  Good planning can generally reduce, or at least postpone, the income tax effects of day-to-day operations and also unusual events, such as the sale of the business, the buy-out of a partner, etc.  Our Accounting and Auditing Department also works very closely with our Tax Department in providing estate and succession planning for owners.

Our staff members are very proficient in the preparation of income tax returns for all types of entities (C corporations, S corporations, limited liability companies, partnerships, sole proprietorships, non-profits and individuals) for all fifty states.  We also prepare sales tax returns, payroll tax returns, personal property tax returns, etc., as needed by our clients.

Financial Statements

In addition to audited financial statements, which represent the highest level of assurance, we also provide our clients with reviewed and compiled financial statements.

Reviewed financial statements provide less assurance than an audit, but they do include analytical procedures and inquiries of company management to obtain limited assurance that no material modifications need to be made to the financial statements for them to be in conformity with the stated method of accounting.  Reviewed financial statements are generally prepared when requested by the client's banker or bonding agent.

Compiled financial statements are prepared using information provided by the client without undertaking to obtain or provide any assurance that there are no material modifications needed to be made to the financial statements for them to be in conformity with the stated method of accounting.  They are generally prepared when the client does not need reviewed or audited financial statements.