Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized quality service that is beyond comparison. We have listed our services below with brief descriptions. 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.
Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the current new developments in the tax laws to minimize both your current and future tax liabilities.
Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.
We pride our firm and professional staff on effective tax compliance to ensure that the decedent's final income tax returns relating to the estate and trust are prepared timely. We provide invaluable trust and estate expertise to handle all aspects of fiduciary compliance as well as sophisticated tax advice and representation in the traditional areas of generational wealth transfer planning, gifting and fiduciary tax accounting and tax preparation.
Our niche service for Fashion Models, Entertainers, and Related Fields provides our clients with complete tax filings and compliance, consulting, planning and bill paying. We will review issues relating to foreign income and expenses, non-resident alien tax matters, and allocation of income earned in various states and countries.
During our years of experience dealing with many taxing authorities, we have achieved a level of competence that ensures our clients are properly represented before the various federal and state tax agencies.
As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.
Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.
State income tax has become complex and, at times, confusing for individuals and businesses. We can put you on the right schedule for compliance and law changes. We can keep you up-to-date and aware of changes that will affect you.
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. Audits differ from reviews and compilations in that they are an intensive examination of your company's systems and records providing the highest level of assurance.
Our role in the financial reporting process serves as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We 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.
We 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. The financial statements produced can be a useful tool for management for making financial decisions.
A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash flow sources and uses.
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our 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 payroll services
• Business tax return preparation (Sales & Use/Business Property)
• Personal financial statements
• Litigation support
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. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.
We can act as your company's chief financial officer, offering to assist in directing your company regarding financial decision making, planning, employee benefit analysis, banking matters, budgeting, bill paying and cash flow projecting.
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. We 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.
Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company's day to day operations. With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.
The most involved and valuable aspects of our services involve working with the executor, fiduciary and family on the preparation of the Estate, Trust and Gift Generation Skipping Transfer Tax Returns. This includes tax planning regarding asset valuations; making various tax elections to maximize the efficient use of all exceptions available; planning for the exercising of certain fiduciary responsibilities, including preparation of fiduciary accountings; planning to minimize eventual estate and generation skipping tax at the death of any surviving spouse; and income tax planning involving the funding of estate shares and trusts.
A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.
Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.
Many individuals, so successful in their business endeavors, do not have the time to focus on their financial well-being. We can quarterback the process between the insurance broker, investment advisor, the lawyers, and sometimes even the contractors and handymen. We can form and administer private foundations and help set up trusts and gift planning. We call this one-stop financial shopping.
Working with the executor, fiduciary and family on the preparation of the Estate, Trust and Gift Generation Skipping Transfer Tax Returns, including tax planning regarding asset valuations, making various tax elections to maximize the efficient use of all exeptions available, planning for the exercising of certain fiduciary responsibilities, including preparation of fiduciary accountings, planning to minimize eventual estate and generation skipping tax at the death of any surviving spouse, and income tax planning involving the funding of estate shares and trusts, is typically the most involved and often the most valuable aspect of our work. We also work with the family's attorney to ensure that the decedent's final wishes are complied with.
We are a Certified QuickBooks Pro Advisor ®. We can assist you in QuickBooks ® Setup, Training, and Reporting.
The accounting and tax issues involved with employer-provided benefit plans can be overwhelming. We can assist with the development, implementation and administration of your employee benefit plan.
Finding the right business partner for your company can be a difficult task. We can assist you in the merger or acquisition process by assessing such critical elements as tax considerations; product/service compatibility; competitive tactics and position; financial impact; and cash flow considerations.
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