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Audits - Reviews - Compilations

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Your stockholders, creditors, or private investors have different levels of risk tolerance, so I provide three levels of assurance to meet your needs.

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Payroll

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I offer payroll solutions that meet your business's needs and enable you to spend time doing what you do best--running your company.

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Non-Profit Organizations

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The IRS uses very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status. Read More

Small Business Accounting

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As a small business owner you have more important things to do than to keep your own books. I take care of your books for you, so you can get back to the job of running your business and generating profits.

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New Business Formation

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Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not.

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Audits - Reviews - Compilations

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Stockholders, creditors, and private investors often need assurance that financial statements accurately represent the true financial position of a company.
Your stockholders, creditors, or private investors have different levels of risk tolerance, so I provide three levels of assurance to meet your needs.

AUDIT - HIGHEST LEVEL OF ASSURANCE

An audit provides the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice.
My work includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on my findings, I issue a report on whether the financial statements are fairly stated and free of material misstatements.

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An Audit allows you to...

  • Your payroll checks prepared and printed on-time, every-time.
  • All of your payroll checks are laser printed on "blank" check stock to ensure maximum security and meet the micro encoding standards as set forth by the Federal Reserve System.
  • Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
  • User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
  • Detailed reports on your employee's vacation, sick days, and personal days accruals.
  • Creation and filing of the required new hire reports.
  • Your payroll records maintained in tip top shape.
Audits Are Not Just for Public Entities:

All public companies are required to have an annual audit, but some nonpublic entities must undergo an annual audit as well. These include local governments, not-for-profit agencies and other organizations receiving government grants.
Moreover, some financial institutions require audits of nonpublic companies based on the financing amount and/or the bank's assessment of the company's risk. Also, companies with absentee ownership (such as those owned by investment firms, or individuals who no longer run the business) may order audits as checks of their management teams.

REVIEW - LIMITED ASSURANCE

Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures I apply to the financial statements, and various inquiries I make of your company's management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, I may need to perform additional procedures.
A review doesn't require me to study and evaluate your company's internal controls or verify data with third parties or physically inspect assets. Rather, a review report expresses limited assurance in the form of the statement: "I am not aware of any material modifications" for the financial statements to be in conformity with the Generally Accepted Accounting Principles (GAAP). Reviewed financial statements must include all required footnotes and other disclosures.

Why might a business request a review engagement? It can be a good middle ground, providing the advantages of a CPA's technical expertise without the work and expense of an audit.

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COMPILATION - LOWEST LEVEL OF ASSURANCE

In compiling financial statements for a client, I present information that is the "representation of management" and expresses no opinion or assurance on the statements. Compilations don't require inquiries of management or analytical procedures. Instead, I rely on my knowledge of accounting principles and a general understanding of your business. Banks often require compilations from an independent CPA as part of their lending covenants.
Which Report Should You Use?
Each type of financial statement report may suit specific circumstances, depending on requirements from your client's bank or other parties, as well as meet budgetary needs. Understanding each report's unique strengths and weaknesses can help you choose the most appropriate one. Please call if you have questions about which type of report is right for you.

Payroll

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When it comes to paying employees, laws and the IRS have made the payroll function a time consuming nightmare for the small business owner.
Small business owners spend an average of eight hours a month performing payroll functions. That's 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers.

I offer payroll solutions that meet your business's needs and enable you to spend time doing what you do best--running your company.

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Why Outsource Your Payroll...

It's Cost Effective.
Use your staff more efficiently by letting me handle payroll and the associated legal details. Reduce overhead by removing the need to hire specialized employees.
My payroll service eliminates the burden of customizing, updating and maintaining your own payroll system--no more data entry, no more researching updates or new laws, and no more worries.
Eliminate the risks of calculating and filing your own payroll taxes by having professionals do it for you. Federal, state and local payroll tax laws are frequently changing and becoming more complex.  How much time do you want to spend  learning all the rules and keeping your information up to date?
Outsourcing your payroll to a professional like me allows you to focus on the core competencies of your business. Because I am an accounting professional--you get an expert working for you and with you.
You get a wide variety of user-friendly and accurate payroll reports. For a nominal fee, I will include union reports, certified payroll, workers' compensation reports and much more.

Get the Payroll Solution That Best Fits Your Needs.

I know that when it comes to payroll service - no one size fits all. That's why I offer the following custom payroll processing options:

Comprehensive Payroll Services.
My Comprehensive Payroll Service takes care of all of the payroll processing for you, so that you won't have to. You get...
  • Your payroll checks prepared and printed on-time, every-time.
  • All of your payroll checks are laser printed on "blank" check stock to ensure maximum security and meet the micro encoding standards as set forth by the Federal Reserve System.
  • Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
  • User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
  • Detailed reports on your employee's vacation, sick days, and personal days accruals.
  • Creation and filing of the required new hire reports.
  • Your payroll records maintained in tip top shape.
Custom Payroll Reports Service.
There seems to be an endless amount of special reports Government agencies require. I can prepare the following reports for you:
  • Worker's Compensation Audits.
  • Unemployment Claims.
  • Social Security Audits.
  • Child Support Audits.
  • W-2 and W-3 processing.
  • 1099 and 1096 processing.
  • Preparation/assistance with Federal and State registration forms.
Online Payroll Processing.
You can enter your employee's hours and earnings securely online and get...
  • The ability to instantly print payroll checks on your own printer.
  • Free Direct Deposits.
  • Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
  • User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
  • Detailed reports on your employee's vacation, sick days, and personal days accruals.
  • Creation and filing of the required new hire reports.
  • Your payroll records maintained in tip top shape.
After-the-Fact-Payroll Services.
I will take your manually-prepared payroll records and other payroll information and post this information to my data files, so you get...
  • Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
  • User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
  • Detailed reports on your employee's vacation, sick days, and personal days accruals.
  • Creation and filing of the required new hire reports.
  • Your payroll records maintained in tip top shape.

How much do I charge?


In order to give you an accurate price for my payroll services I need to know a little more about your business and what services you're interested in. My prices are very affordable.

Non-Profit Organizations

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I can help you set up and maintain your non-profit organization's tax-exempt status by handling all the IRS reporting for you.

Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations, which includes the following items:

Income Statement.
With very specific revenue and expense categories like donations, salaries, postage, rent...
With specific categories like cash, accounts receivable, accounts payable...
With all the expenses allocated to either program services, fundraising, or operations.
That reports all of the expenses for each program or service like seminar programs or educational mailings.
That detail the organization's sources of income in specific categories like charitable donations, membership fees, investment income.
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The IRS uses these very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status. So it's imperative that you build your accounting system around these revenue and expense classifications.

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Here's what I do for you...
  • Review and compile your financial statements.
  • Design, install, and maintain your Accounting System.
  • Detect and prevent embezzlement of funds from within your company.
  • Weekly, bi-weekly, or monthly payroll preparation.
  • Payroll Tax Preparation and Deposits.
  • Provide training for your accounting personnel.
  • Complete and file your non-profit status application.
  • Provide training for your board on non-profit financial statement usage and effective budgeting practices.
  • Prepare and file the 990 and 990T tax forms.
  • Prepare your initial start-up documentation, including incorporation, federal employee identification number (FEIN), and payroll setup with federal and state agencies.
  • Churches: I prepare the pastoral housing allowance and other required benefit documentation to meet the complex dual status of ministers.

Small Business Accounting

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As a small business owner you have more important things to do than to keep your own books. I take care of your books for you, so you can get back to the job of running your business and generating profits.

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Each month or quarter I will do the following things for you...

Reconcile your bank account.
Reconciling your business checking account each month allows me to keep your bank account, accounting, and taxes up-to-date.

Having me reconcile your account each month allows you to...
  • Identify lost checks, lost deposits and unauthorized wire transactions.
  • Detect and prevent excess/unjustified bank charges and ensure transactions are posted correctly by your bank.
  • Detect and prevent embezzlement of funds from within your company.
  • Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
  • Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
  • Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
  • Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.
An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

An income statement allows you to...
  • Track revenues and expenses so that you can determine the operating performance of your business..
  • Determine what areas of your business are over-budget or under-budget.
  • Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
  • Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
  • Determine your income tax liability.
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.
A balance sheet helps you:
  • Quickly get a handle on the financial strength and capabilities of your business
  • Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.
  • Determine if your business is in a position to expand.
  • Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses.
  • Determine if you need to take immediate steps to bolster cash reserves.
  • Determine if your business has been slowing down payables to forestall an inevitable cash shortage

Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.

Having me review your general ledger system each month allows me to hunt down any discrepancies such as double billings or any unrecorded payments. Then I will fix the discrepancies so your books are always accurate and kept in tip top shape.
I am always available to spend time with you so you fully understand how to interpret and utilize the financial information I provide. Consultations with me are already included in the price, so please feel free to call me whenever you have a question or concern.
These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of my other services.

New Business Formation

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Thinking of owning your own business?
Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It's up to you to maintain and stretch out the "thrill and excitement" period forever.

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A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. I help you avoid the common pitfalls that many new small business owners make when starting their new venture.
I help you...

  • Prepare an initial business plan to clarify your marketing, management, and financial plans.
  • Determine your start-up capital needs.
  • Identify sources of start-up capital and backup sources if needed.
  • Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
  • Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
  • Select the right accounting software by evaluating your budget, needs and hardware.
  • Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
  • Establish billing and collection procedures to maximize your cash flow.
  • Establish procedures to monitor and control costs.
  • Setup a home office so you can maximize your tax deductions.
  • Prepare and file all required state and local licenses and permits.
  • Prepare and file your application for your Federal Employer Identification Number.
  • Provide payroll and payroll tax filing when you bring on your first employee.
  • Comply with employment laws so you don't get hit with fines and unhappy employees.
  • Identify your business insurance needs.
  • Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a tremendous amount of financial and emotional problems down the road.
If you're starting a new non-profit organization I can help you prepare your organization's 501 (c)(3) application for tax-exempt status.

Here's what's needed...

  • Articles of Incorporation containing the Exempt Purpose Statement as described in IRS Code section 501(c)(3) and defined in Treasury Regulation 1.501(c)(3)-1 Paragraph d and the Dissolution Statement described in Treasury Regulation 1.501(c)(3)-1 Paragraph b subparagraph 4 ("Organizational Test").
  • Employer Identification Number
  • By-laws of the Organization
  • Minutes of Board Meetings
  • Names, Addresses, and Resumes of Board Members.
  • Names and addresses of all Active Members.
  • Inventory of Assets like cash, furniture, equipment, property...
  • Inventory of Liabilities like mortgages, accounts payable, loans...
  • Rent/Lease Agreements and Contracts.
  • Revenue and Expense Statements for the last four years or as far back as possible if your organization has been in existence for less than four years.
  • Written Reason for Formation and History of the organization.
  • Organization Mission Statement or Statement of Faith or Beliefs for Churches and other Religious Organizations.
  • Organization Activities, Operations and Programs Documentation including your statement of purpose & operations, food programs, fundraisers, flyers/brochures/pamphlets...
  • Financial Support Documentation including all sources of revenue like contributions, tithes, offerings, fundraisers...
  • Fund Raising Program Descriptions.
  • IRS Processing/Filing Fee.
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We listen. We advise. We design. Together. Our success is measured by results, the most important being how our clients feel about their experience with us.
Happy customers and ongoing relationships are what we strive for.

Client Reviews affirm that we’re onto something.

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