Using current financial data we project tax income for the business/individual and suggest strategies/transactions that can/may reduce liability along with projecting cash flow to meet the liability. Help clients arrange their financial affairs in such a way as to minimize their taxes.
We collect business/individual tax data to prepare the required federal, state and city tax returns including multi-state filing requirements for business that operate in more than one state and individuals who live and work in different states.
Tax Conflict Resolution
We handle all communication with the IRS related to the following issues:
Offer in Compromise
Innocent Spouse Relief
Abatement of Penalties
Lifting of Levies on Assets
Appeals Representation & Defense
Removal of Liens & Garnishments
Financial Hardship Payment Plans
Audits, Reviews & Compilations
The three levels of financial statements, with audits being the highest level of service, are required for bank financing, credit line facilities, investors and regulatory agency reporting.
Each month we will close the books, prepare financial reports (balance sheet, profit and loss statements), review outstanding payables & receivables and check cash flow to help identify areas that need attention.
Due Diligence Service
Due diligence is voluntary investigation usually in conjunction with the acquisition of a business and is the process through which a potential acquirer evaluates a target company or its assets for acquisition.
Estate Compliance & Administration
Trusts and estates must pay tax on income derived from dividends, interest and sales of assets. Proper tax planning should also consider tax issues pertaining to the beneficiaries of the estate.
We leverage our knowledge of business accounting and auditing methods for workplace investigations, evaluation of complex financial transactions and investigation of questionable business activities.
Forensic accounting is accounting analysis suitable to the legal profession court which will form the basis for discussion, debate and ultimately dispute resolution.
Litigation support deals primarily with issues related to the quantifying economic damages. A typical litigation support assignment would be calculating the economic loss resulting from a breach of contract.
We help improve performance through the analysis of existing business problems and development of plans for improvement, focusing on the financial affairs and accounting functions of the organization.
Pension Plan Administration
Administration includes accounting for contributions, distributions, rollovers, plan loans and annual Dept of Labor filings including audited financial statements when necessary.
We help small businesses and nonprofits with QuickBooks software set-up, training and support. We also provide accounting reviews to ‘clean-up’ the books monthly-quarterly-annually.