Practice Areas

Accounting & Bookkeeping Support

 

We use Quickbooks accounting software and offer a variety of options to help with your accounting and bookkeeping. We can work with paper records, Quickbooks records that you maintain, monthly bank statements or any combination. Our goal is to make your recordkeeping as easy as possible.  We will compile your information into monthly or quarterly financial statements that give you a timely and relevant report of your financial situation.  Please feel free to call or email for further information about how we can tailor our services to your needs.

Tax Planning and Consulting

 

We also recognize that, because we are a local firm, we cannot always address your needs entirely with our in-house resources. We have a network of external resources available to assist with unusual or particularly specific issues. If you would like additional information, please contact Glenda McCrary.

Representation with Internal Revenue Service and State Taxing Authorities

 

We offer these services both to those whose tax returns we prepare and those we do not. We work on your behalf to resolve problems with the minimum of economic damage to you or your business. 

Tax Compliance

 

Many people assume that CPAs are "too expensive" and look for the lowest price when deciding on their tax preparer. Many people are wrong. 

The professionals in our office are subject to annual continuing education requirements that help us stay current on tax laws so that we can be certain that we remain compliant with tax law. 

Training and research tools allow us to understand the tax laws thoroughly and keep our knowledge up-to-date. That gives us the ability to advise you when and where you may have legitimate opportunities for a "tax break". More importantly, it helps us keep you out of trouble by avoiding tax positions that are incorrect or outdated.

Accounting Software Support

 

Currently we support QuickBooks accounting software. If your business uses QuickBooks accounting software, we can help you with setting up your files and making sure that transactions are properly recorded to ensure that your monthly financials and income tax returns contain accurate information.

Financial Reporting

 

As Certified Public Accountants we maintain high standards in preparing financial statements for our clients.  There are multiple levels of involvement available for the CPA preparing financial statements.  We are rquired to attach a report to the financials we prepare that tells the user the level of our involvement. The differences in the levels of involvement and the associated reports are covered in the section titled Audits, Reviews, Compilations and Agreed Upon Procedures.

 

We work with management to understand what information is important to them and their reports and how often they need the information to effectively monitor. From that information we help management design and compile reports that combine financial and operational information into formats that work for them.

Audits, Reviews, Compilations & Agreed Upon Procedures

 

Audits offer the highest level of assurance to financial statement users. The objective of an audit is the expression of the auditors' opinion that the financial statements present, in all material respects, the financial position, results of operations and cash flows of an entity for the periods audited in conformity with the entity's stated basis of accounting. In order to express such an opinion, the auditor applies a prescribed set of testing and analytical procedures to the entity's accounting system and includes in-depth examination and confirmation of account balances, inventories, and selected transactions. We do not perform audits.

In a Review engagement the accountant performs analytical procedures in order to obtain reasonable assurance that the entity's financial statements are free of any material misstatements. The scope of the analytical procedures is significantly less than the scope of the procedures performed in an audit. 

In a Compilation engagement, we assist the client in the presentation of their financial information in the form of financial statements. The scope of our professional assistance in a compilation is limited to making sure that the form and presentation of the financial statements are appropriate. We do not offer any assurance regarding the existence of any material misstatements in the financial statements. We perform compilation services for interim (monthly and quarterly) and annual financial statements. They are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.

Agreed Upon Procedures are typically specified by the financial statement users to address particular subject matter or assertions in an entity's financial information (e.g.: ownership or valuation of inventory balance; existence of accounts receivable) that are particular areas of concern. The accountant reports on the procedures performed and the results of those procedures and does not express any opinion on the financial statements as a whole.