Everything we do and achieve is only possible because of our team - working the building blocks together to build trust and solve problems. Our values - to each and every client is to make a difference, working together and reimagine the possible – making an impact!
BUSINESS AND INDIVIDUAL TAX PREPARATION
We can add value by systematically analyzing differing tax options aimed at minimizing your current and future tax liability. We can analyze your financial statements, as well as varying methods of depreciation, in order to minimize your corporate tax liability.
We can add value by systematically analyzing differing tax options aimed at minimizing your current and future tax liability. We can analyze:
- Whether you should file jointly or separately with your spouse
- When you should sell an asset
- When, and over how many years, you should withdraw retirement funds
- When you should receive income
- When to pay expenditures, and
- When, and in what amount, gifts should be made for estate planning purposes.
We can add value by systematically analyzing differing tax options aimed at minimizing the current and future tax liability for you and your partners. We can analyze your financial statements and varying methods of depreciation in order to minimize partnership tax liability.
We can add value by using our extensive knowledge in accounting, tax preparation, and financial planning to prepare your trust tax return and minimize the tax liability to the trust itself, as well as the beneficiaries.
We can add value at your time of need by preparing the estate tax returns of your loved ones. We can supply a list of the necessary data to expedite the process for you.
We can add value to your Not-for-Profit organization by preparing your tax return.
We can add value by assisting you in choosing an accounting system that will work best for your business. As accounting professionals, we are exposed to most programs through trade journals and actual use.
Close-out of Monthly Books
We can add value by providing you with meaningful, well-organized financial records that ensure your business operations will run efficiently on a daily basis. Solid financial records are the foundation of a successful business. We can assist you with the day-to-day tasks associated with bookkeeping or take a leading role in your bookkeeping and financial administration.
AUDITS AND REVIEWS
We can add value by performing a financial statement audit. An audit provides the highest level of assurance on your financial statements and results in an expression of an opinion as to whether your financial statements are fairly stated, in all material respects, in accordance with Generally Accepted Accounting Principles.
Peer reviews are intended to maintain and improve the quality of the accounting and auditing services performed by firms. CPA firms that are members of the AICPA are required to complete a peer review every (3) three years.
Click to view our firm's most recent Peer Preview Report
We can add value by performing a financial statement review. A review provides limited assurance on your financial statements and involves more limited procedures which include inquiries of management and applying analytical procedures to your financial data. A review expresses limited assurance that there are no material modifications that should be made to the financial statements in order for them to conform to Generally Accepted Accounting Principles.
We can add value by compiling financial statements for you. A compilation involves taking your existing information and compiling it into financial statement formats. We can prepare compiled financial statements either from your accounting software or from your source documents. In a compilation, we express no opinion or assurance on the financial statements prepared and the financial statements are used primarily for internal use. By allowing us to compile the financial statements, it allows you to spend time on the core activities that generate income for your business.
We can add value by helping you to establish and improve your internal controls to help ensure accuracy and reliability in your accounting and operating data. We can also assist you in developing and documenting policies and procedures that will help strengthen your internal control environment.
Agreed Upon Procedures
We can add value by performing Agreed Upon Procedures engagements in accordance with the standards issued by the American Institute of Certified Public Accountants (AICPA). Although these are smaller-scoped projects, we incorporate the following four critical concepts : Integrity, Objectivity, Competence and Independence.
Peer review is a periodic outside review, performed by another accounting firm, of a firm's quality control system in accounting and auditing. Peer reviews are intended to maintain and improve the quality of the accounting and auditing services performed by firms. CPA firms that are members of the AICPA are required to complete a peer review every (3) three years.
PAYROLL /401 K
Weekly, Biweekly, Semimonthly, or Monthly Payroll
We can add value by processing your payroll for you. You simply submit the hours that your employees worked in the given pay period, and we will handle the processing. We will ensure that the taxes you withhold from employees’ paychecks are paid to the necessary taxing authority on time
Preparation of Quarterly Payroll Tax Returns either from our processing or after-the-fact from your data
We can add value through preparation of your quarterly payroll tax returns. If we process the payroll, no further information is required from you in order for us to complete the quarterly filing. Or, if you prefer to process your payroll in-house, we can use the data you provide to prepare your quarterly returns
Preparation of Worker's Compensation Reports & Returns
We can add value by guaranteeing you are compliant with your state’s workers’ compensation laws. Most states require that you report your employees’ payroll information to the workers’ compensation bureau at least annually. Some states require semiannual or even quarterly reporting. Haran Watson can prepare these reports for you.
We can help you obtain the optimal agreement with the taxation.
Business / Succession planning
We can add value by effectively coordinating the transition of your business to your successors 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.
Cash Flow and Budget Analysis
We can add value through forecasting and evaluating your businesses financial conditions, estimating financing requirements, and tracking cash flow sources and uses so that your business can be profitable.
Comprehensive Financial Planning
We can add value by properly structuring a financial plan, thus enabling you to face any financial challenges that may present themselves throughout your life. Through the financial planning process, we can help assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.
We can add value by using numerous tax breaks and cost-saving vehicles which have emerged in recent years to help make college affordable for your family. The mushrooming number of options, some of which conflict with each other, can make the task of deciding yourself which strategies to pursue a frustrating challenge. We can aid in alleviating that frustration
We can add value by helping you plan for retirement. Retirement planning encompasses the actions that you need to take to prepare a smooth transition from a life centered around working to a life based around not working. Retirement planning is especially important if you own your own business because your retirement is your own responsibility. We can work with you to
- Begin a retirement plan
- Select the most suitable retirement plan for your business
- Determine the optimum amount to contribute to the retirement plan annually.
Estate Planning / Trust Tax Preparation
We can add value by effectively planning your estate. This facilitates the orderly transfer of assets to your beneficiaries, provides for security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. We can guide you through the complex process of getting your financial affairs in order.
INFORMATION ON RETENTION GUIDE
This information is made available to you as a guideline only. We cannot and do not guarantee that this is a complete list in regards to your individual / business circumstances. It is for informational purposes only. We encourage you to seek personalized advice from our qualified professionals regarding all personal/business finance issues or seek legal advise pending your situation if it invovles special circumstances.
Click the link to view the Retention Guide recommended by the IRS.