We regularly provide the following services in the accounting and reporting area. Write up and Preparation of financial statements We can provide this service on a regular basis such as monthly, quarterly or yearly basis as needed.

Generally we establish financial reporting systems and schedules including year end closing routines according to the Generally Accepted Accounting Principles (GAAP). We can also prepare custom financial reports for internal managerial use.

We also help clients prepare their own financial statements and assist them in closing their books according the generally accept accounting principles

1. Audit: An audit service provides the highest level of assurance on the financial statements. As the services most often required by clients, we are able to perform the following:
   

   Audits required by law, contract or partnership agreement covering year end or interim financial statements.

   • Special due diligence audits before acquisition or reorganization.

   • Audits limited to the areas specified by the client such as inventory, accounts receivable.
     
     (In the United States, the above services can also be provided at a limited level as below)
     

2. Review: A review service provides a lower level of assurance than an audit.

3. Compilation: A compilation service provides the lowest level of assurance.

Obviously the higher the level of assurance the more time is required to to complete the task. Therefore you should choose a level of service that is best suited to your requirement.

All audit, review or compilation services are conform strictly to the standards set forth in the Generally Accepted Auditing Standards (GAAS) as well as standards established by the American Institute of Certified Public Accountants (AICPA).

• We provide tax services to individuals, all forms of businesses entities, non profit organizations, trusts and estates. We can prepare tax returns for all federal income tax forms and all income tax forms for any state and local agencies.

  Tax Planning and Consultation in the areas of:

  • Selecting the right form of business entity
  • Liquidation of a business
  • Change in the form of an entity
  • Mergers and acquisitions
  • Tax carry backs and amended returns
  • Prior year returns
  • Tax planning and consultation of anticipated transactions
  • Compensation and employee benefits
  • Estates and trusts
  • Financial and retirement planning

  Tax Preparation Service For:

  • Individuals
  • Corporations, both C and S
  • Limited Liability Companies and Partnerships
  • Trusts and Estates
  • Non Profit Organizations

  Tax Representation Service:
  
  In case of audits, we can represent taxpayers before the IRS or any State of Local agencies. We have successfully handled several tax audits to the benefit of our clients recently.

  Miscellaneous Tax Returns
  
  We also regularly prepare the following miscellaneous business tax returns:

  • State and local sales tax returns
  • Payroll tax returns
  • Information reporting such as form 1099

As a trusted advisor, we provide complete incorporation service to clients, which include free initial consultation regarding the following major issues, as needed:

• Why incorporate
• Entity selection
• Capitalization
• Choice of  Jurisdiction and related tax issues
• Selection of C corporations Vs. S Corporation
• Selection of Corporation vs. Limited Liability Company
• Limit on number of owners
• Limit on types of owners
• Limit on type of capital structures
• Limited liability protection
• State filing requirements
• Insurance and financial responsibility requirement
• Period of duration
• Choice of taxable year
• Choice of accounting method
• Federal tax filing
• Self employment tax issues
• Fringe benefits
• Tax on income from operations
• Tax on asset sale
• Recognition of gain rules upon distribution
• Ability to deduct losses
• Tax issues on undistributed income
• Taxation of sale of equity interests

Our incorporation services come with the following:

• Preliminary name search
• State filing
• Corporate book and seal
• Certificate or article of incorporation
• Corporate minutes
• By Laws
• Membership certificates
• Obtaining employer identification number from the IRS
• Filing for Sub Chapter S election