SERVICES
ACCOUNTING AND BUSINESS ADVISORY
Hiring a CPA firm can bring in the expertise that your business needs so that you can maintain focused efforts on growing your business while also staying compliant with tax laws. Our team of tax and accounting professionals are highly beneficial resources for businesses. As you hand over these responsibilities, you will undoubtedly have more time for higher value activities that can help your business succeed.
Our accounting solutions are flexible, scalable and customized to fit your needs. We function as an extension of your business to provide you with a comprehensive range of accounting talent, experience and services. We can be your outsourced accounting team or you can ask for advise and we can help you do it right.
Our full outsourced engagements include the monthly, quarterly and annual tasks outlined below. If you are seeking to complement existing staffing resources, we can work with you to design a monthly or quarterly service plan specifically suited to your needs and budget.
Timely and accurate financial information provide key data to support decision making. Our CPA firm offers accounting services that create meaningful, well organized financial records, thereby helping to ensure efficient business operations.
TRANSACTION PROCESSING
We can assist you with payroll processing and distributing employee pay for the period. We can also process accounts payables and issue invoices.
ACCOUNT RECONCILIATION
Reconciliation is an accounting process that ensures that the actual amount of money spent matches the amount shown leaving the account at the end of a fiscal period. We can assist you with this reconciliation to check for errors or fraudulent activity.
FINANCIAL REPORTING
We will assist you in the preparation of the following reports in accordance with professional standards: Balance Sheets, Profit & Loss Statements, Cash Flow Statements, and Income Statements.
When documenting and communicating financial performance and activities over a certain period, you should leave it to the professionals.
Our accounting firm in College Station, Texas, can help you prepare various financial and accounting reports according to professional standards, from profit & loss statements and balance sheets to income and cash-flow statements.
Don’t spend available, limited resources to track, analyze, and report your income; let our CPAs handle everything from examining resources used to assess the general financial health of your business.
Financial Statement Compilation
The simplest type of report that we can prepare is presenting financial data in the form of financial statements, also knows as a Compilation Report. This report will show creditors and stakeholders that you engaged an outside accountant to prepare and present your financial statements. This type of report is not designed to express an opinion or provide assurance regarding the information contained in the financial statements. You will provide us with financial data which we will use to compile the required financial statements.
In most instances, the compilation statement is sufficient for small businesses looking for personal loans. Business loans will usually require a more in-depth financial statement, such as a review.
Financial Statements Review
While the compilation report offers no assurance, the review report offers limited assurance. With a Review report we will review and make inquiries about your financial statements. We will gain an understanding of the following: accounting practices and principles used by the business, procedures performed for recording and accumulating financial information, and the actions taken at owners’ or directors meetings. We will also perform analytical procedures to understand your prior-year and current-year balances.
In most instances, a review will satisfy the needs of potential buyers, lenders, and investors. These reports can be helpful in obtaining smaller business loans or lines of credit. At the same time, businesses can utilize the review as a way to reduce challenges associated with the first-year audit.
Financial Statements Audit
The audit offers the highest level of assurance as it is the most thorough report. During an audit, we will obtain evidence through physical inspection, we will make inquiries with appropriate company personnel, we will perform verification of documents and substantive testing procedures. We will also examine supporting documents and work with third parties to confirm legal matters and balances. The purpose of an audit is to confirm that the financial statements are free from fraud or financial error. Businesses need audits to : raise equity, sell your business, plan for significant financing, get extended credit from large suppliers, minimize the possibility of fraud, improve productivity in business operations, to comply with statutory rules and regulations, for financial reliability and integrity and to receive funding from state or federal governments.
SALES & EMPLOYMENT TAX PREPARATION AND REPORTING
Sales Tax and Employment Tax (FICA) are two taxes that need to be accounted on a monthly basis and which require periodical and annual tax filings. We can assist you with those filings.
BOOKKEEPING
We will make sure your business bookkeeping is organized and up to date. We can also provide historical bookkeeping with the information you provide or we can work our way backwards to fix the books due to bad bookkeeping.
CASH FLOW AND BUDGET ANALYSIS
We can assist in this area by evaluating your company’s financial condition. We can assist you in keeping track of your company’s cash flow sources and uses to ensure cash flow supports your company’s goals.
FINANCIAL FORECASTS AND PROJECTIONS
We can assist in the development and use of financial forecasts. From simple projections to complex financial modeling, we can help you achieve your company’s financial target.
TAX SERVICES
Many business owners struggle to find the time to effectively plan and prepare their taxes. Fortunately, when you partner with us, you don’t have to!
We are dedicated to helping the individuals and businesses we serve achieve their goals through strategic tax planning and tax preparation. By partnering with us for tax preparation and planning, we’ll help ensure your business maximizes every available exemption, deduction, allowance and exclusion to reduce your tax liability.
We don’t just prepare and file your taxes – we gain a deeper understanding of how your business works. We help businesses of all sizes and shapes successfully prepare and file tax returns for:
Sole Proprietorships
General Partnerships
Limited Liability Companies (LLCs)
S Corporations
C Corporations
Non-Profit Entities
Regardless of the type of business we will confidently prepare and file your taxes, so you can focus on growing your business.
Our company takes a proactive approach to tax services. To properly serve our clients, we keep current on new tax laws and legislation, making it possible for us to identify key tax planning opportunities to minimize both your current and future tax liabilities throughout the year. Tax services offered include: tax planning, tax preparation, Sales Tax Services and IRS Representation.
When you hand everything to our College Station based professional CPAs, we can ensure that all your tax forms are completed on time, without compromising quality or compliance with tax laws.
IRS Representation
When IRS representation is needed, we have the experience to successfully represent you and/or your company. Through our experience dealing with taxing authorities, we can ensure that our clients are properly represented before various federal and state tax agencies.
Sales Tax Services
If your company is responsible for collecting and submitting sales taxes, we can assist in the compilation of information and preparation of sales tax returns in an efficient and timely manner. This includes collecting and submitting sales taxes.
Tax Preparation
We will customize our tax preparation services to your needs. We have invested in computerized tax preparation and research software that enables us to accurately and efficiently prepare returns for various types of entities including new enterprises, individuals, partnerships, businesses, and members of the medical and legal professions.
Tax Planning
As your accounting partner, we will provide you with the tax planning services you deserve. Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current developments in tax law to minimize both your current and future tax liabilities.
Professional and Impartial Business Valuations
We work with business owners to establish an impartial business valuation for the purposes of business purchases, sales, and mergers and acquisitions. We also assist in the calculation of damages, as well as provide support and testimony, in shareholder disputes and other litigation related to financial matters. Finally, we provide financial analysis to support business expansions and the raising of capital. Our team can help you with:
About Our Business Valuations
Many reasons call for business valuation services, and our experienced CPAs in College Station, Texas, can help you determine the accurate value of your company unit or business.
Whether looking for an accurate sale value, taxation, establishing partner ownership or even dealing with divorce, we can help you get the fair value. The business valuation includes analyzing your management, capital structure, prospect earnings, business, and industry.
Our experts use several business valuation approaches, including discounting financial models, reviewing financial statements, and comparing similar companies. When you work with our accounting firm in College Station, Texas, we can ensure that your business is valued accurately, alleviating issues with the Internal Revenue Services (IRS).
Buying And Selling A Business
Buying or selling a business can be stressful. Having a partner with an expertise in valuation ensures that you get a fair price and transaction terms.
Mergers And Acquisitions
Our valuation team can help you evaluate proposed M&A deals to ensure the transaction adds value for you and your business partners and shareholders.
Financial Analysis
With our background and experience in financial modeling, you can rest assured that any major business investment or financing decision that we help you with will be the right one.
Litigation Support
We provide our clients with litigation services done to the highest standard. We serve as excellent strategic advisors on your particular concerns and provide expert testimony when required.
Expert Witness Services
When litigation occurs, we can function as your expert witness. As qualified professionals, we can present an opinion to support or oppose evidence submitted to the court.
BENEFITS OF OUTSOURCED ACCOUNTING
Having a CPA firm handle your accounting will allow you to keep better records, which makes for better business decisions.
We will enable you to use the best technology suited to your needs, minimizing the need for manual data entry and enabling the key decision-makers in your organization to collaboratively share and utilize key accounting information important to your business.
Due to our years of experience and depth of knowledge, our licensed and bonded professionals can add value to your business in the following ways:
- Reducing costs of processing employer tax and benefits paperwork
- Eliminating the need to hire and train dedicated accounting staff
- Minimizing office expenses
- Utilizing our expertise to come up with creative and objective solutions to all your accounting-related challenges
- Developing effective internal controls to ensure accurate financial reporting and tax filings
- Creating and implementing policies and procedures that are the best possible fit for your organization.
Hire us and take the stress out of taxes
