Services

Services

	The following is a sample of the services we provide and is not intended to be an all-inclusive list. Please contact one of our professionals for additional information. Tax Planning & Compliance:
	These services include: Compliance reporting to federal, state, and local tax authorities for: - Individuals - Corporations - Partnerships - LLCs/LLPs - Estates, trusts, & gifts - Not-for-profit organizations - Payroll - Sales & use Electronic filing (FAQs about e-filing) Personal and business tax planning Business entity choice considerations Employee benefit plan annual reporting
	Accounting & Auditing
	*Compiled Financial Statements* A compilation of financial statements is an accounting service in which an accountant prepares, or assists in preparing, financial statements without expressing any assurance that the statements are accurate, complete, or in conformity with GAAP. A compilation engagement may involve compiling and reporting on only one financial statement. Some performance requirements applicable to a compilation are knowledge of industry accounting principles and practices, understanding of a client’s business, and the reading of financial statements for obvious errors. Upon completion, a report is issued that states a compilation was performed in accordance with AICPA professional standards, it is limited to a presentation in the form of financial statements information that is the representation of management, it has not been audited or reviewed, and disclaims an opinion and gives no assurance on the financial statements. Reviewed Financial Statements A review is a higher level of service than a compilation because it results in an expression of limited assurance. A review principally consists of inquiry of company personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit, the objective to express an opinion regarding the financial statements taken as a whole. Accordingly, there is no expression of opinion. Upon completion of a review, a report is issued stating that a review has been performed in accordance with the AICPA professional standards and that the CPA did not become aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with generally accepted accounting principles (if applicable, another comprehensive basis of accounting). Independence is required. Audited Financial Statements Audited financial statements are the product of a CPA's highest level of assurance services. In the report, the auditor states that the financial statements are the responsibility of the company’s management and that the responsibility of the auditor is to express an opinion of these financial statements. An audit is conducted in conformity with auditing standards generally accepted in the United States. These standards require that auditor plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. The auditor must also assess the accounting principles used and significant estimates made by management, as well evaluating the overall financial statement presentation. When an audit is completed, the auditor expresses an opinion that the financial statements present fairly, in all material respects, the entity's financial position and results of operations and cash flows in accordance with accounting principles generally accepted in the United States. *Business Valuations* A valuation engagement involves arriving at an opinion regarding the estimated value of an ownership interest in a business entity. Business valuations are performed for a variety of reasons, including: Selling all or a partial interest in a business Buying all or a partial interest in a business Mergers Corporate or partnership dissolution or recapitalization Divorce Buy-sell agreements Gift, estate, and inheritence taxes Charitable contributions Estate planning Determining the need for life insurance Obtaining financing Preparing personal financial statements Employee stock ownership plans