FINANCIAL STATEMENT SERVICES

• Preparation of audited, reviewed or complied financial statements and reports on internal control.
• Preparation of audited financial statements in accordance with the provisions of OMB Circular A-133 and GASB 34.
• Preparation of personal financial statements.
• Preparation of valuation reports.
• Preparation of “agreed upon procedures” reports.
• In-house computerized processing of client financial records. Fixed asset and depreciation schedules and generation of general ledger and financial statements of the entity.
• Analysis of revenue and expenses in comparison with standards experienced within various industries.
• Departmentalized income/expense statement by office location.
• Budgeting, cash flow and cost analyses and the implementation of related software.

TAX SERVICES

• Preparation of annual tax, Forms 990, CHAR500, and other required reports for not-for-profit organizations.
• Preparation of Corporate, Partnership, LLP/LLC and personal income tax returns.
• Review of payroll reports, and employee benefit plan program reports.
• Responses to Federal and State Government inquires, and notices.
• Representation on third party audits, including sales tax, payroll tax, and income tax.
• Estate and trust planning
• Preparation of gift tax and fiduciary returns.
• Continuous tax planning with an emphasis on minimizing income taxes through utilization of all related entities.
• Interaction and consultation with management and their advisors related to bonuses, pension contributions and fringes, allocation of profits with respect to agreements in force, structuring of admittance or departure of partners or shareholders, development of related formulas, acquisition and structure of new businesses and/or locations.
• Communication with management regarding changes in tax laws or regulations and the effect on the client while being proactive in providing creative solutions to the changes.
• Review of investment opportunities (including lease vs. purchase options) and implications related to passive activities and tax credits.
• Consultation related to New York Empire Zone and Federal Empowerment Zones.

CONSULTING SERVICES

• Consultation and structuring of mergers, acquisitions, and business combinations.
• Open line of communication between the client’s management and our firm.
• Review of payroll reports, and employee benefit plan program reports.
• Continuous interaction with key office personnel in answering questions, resolving problems and evaluating procedures such as billing, collections, internal control, payroll, disbursements, and cash management.
• Evaluation of computer systems while providing recommendations for obtaining information, efficiencies and controls.
• Evaluation of procedures, such as billing, collection, cash management, and internal controls.
• Software support, training and assistance in working with client utilized software packages.
• Personal financial and investment planning and structuring.
• Monitoring pension plan performance, contributions, administration and analysis of implementation of section 125 plans including cafeteria, flexible benefit plans and variations thereof.
• Preparation of financial forecasts, project cost analysis, and loan proposals for capital expansion and/or working capital needs.
• Consultation related to employment contracts stockholder/partner agreements and deferred compensation arrangements, while assisting in the structuring of principals who are either departing or being admitted to the practice.
• Provide fraud, error detection, and forensic related audits
• Assistance in obtaining available grant funds.