Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison. Below we have listed the services that we offer to our clients along with a brief description.
As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional.
We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include but are not limited to:
- Tax Planning & Preparation:
- Estates, trusts & gift
- Not-for-profit organizations
- Estate & Trust Tax Preparation
- IRS Representation
- Payroll Services
- Sales Tax Services
Tax Planning & Preparation
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 new developments in the tax laws to minimize both your current and future tax liabilities.
Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.
Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation.
Estate & Trust Tax Preparation
Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies.
As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.
Sales Tax Services
Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. Audits differ from reviews and compilations, as they are an intensive examination of your company's systems and records providing the highest level of assurance. Our focus is on limiting the disruption to your business while providing quality and knowledgable assistance in ensuring that your systems and records have been adequately audited.
401k Plan (ERISA) Audits
We have extensive experience in 401(k) Plan audits. We are often used as a resource for technical guidance by audit practices nationwide. We focus on ensuring our 401(k) Plan audits are done timely and with as little a disruption to your daily operations as possible. Client service is our top priority and we work hard to ensure we are available to answer questions and work with our clients to make the process as painless as possible.
Reviews & Compilations
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on two levels of assurance:
- Review - some analytical procedures conducted with limited assurance
- Compilation - based upon client information provided and used primarily for internal use.
Our goal in all of our work is to ensure we are meeting your needs and communicating with you regarding any areas of improvement that we detect in reviewing your books and records.
Attestation services are necessary to ensure that financial statements are accurate, complete, reliable, and easy to understand. Attestation services enable compliance with regulatory requirements, industry requirements, or requests from a lender, owner, vendor, or other party in need of verifying your financial statements.
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your organization's profitability and efficiency. We provide financial reporting on all three levels of assurance:
Our staff can assist you in determining the appropriate level of assurance for your organization.
Our clients experience regular contact with senior-level staff and consistency with the engagment team from year to year, with appropriate rotation.
An audit includes an extensive examination of a company's systems and records providing the highest level of assurance.
We perform audits services for the following:
- Financial Statements - Verification of the financial statements in order to express an audit opinion
- Compliance Audits - Including OMB A-133 (Single Audits), Department of Education, and Department of Housing and Urban Development audits
- Employee Benefit Audits - Our pension plan audit services include full and limited scope audits, health and welfare plans audits. We perform compliance procedures and test balances (concentrating on those areas most critical to ERISA)
A review provides limited assurance on the financial statements as it is less in scope than an audit. It consists primarily of analytic procedures and inquiries of company personnel.
A compilation of financial statements includes presenting, in the form of financial statements, information provided by client management and used primarily for internal use as no assurance is expressed.
Peer Review Services
A Peer Review is an important service to lenders, creditors and to the general investing public as it examines a CPA firm's adherence to quality controls, as well as professional auditing and accounting standards. Not only does our firm perform Peer Reviews, they help set policy in this area by filling the leadership roles with the following:
- Peer Review Committee of the Colorado Society of Certified Public Accountants
- Private Companies Practice Section (PCPS) Peer Review and Executive Committees
- AICPA Employee Benefits Plan Audit Quality Center Executive Committee
- AICPA Peer Review Board
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following is just a few of the areas in which we provide consulting services:
- Business Entity Selection
- Business Succession Planning
- Buying/Selling a Business
- Estate Planning
- Financial Planning
- Management Advisory Services
- Mergers & Acquisitions
- Pension & Profit Sharing Plans
- Retirement Planning
Business Entity Selection
Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.
Business Succession Planning
Effective coordination of the transition of your business to your successors is critical 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.
Buying & Selling a Business
Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.
Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.
Management Advisory Services
Even the most qualified managers can benefit from competent, objective feedback. We can help your company's management team develop long-term objectives and specific strategies to facilitate your business' future growth and success.
Mergers & Acquisitions
Finding the right business partner for your company can be a difficult task. We can assist you in the merger or acquisition process by assessing such critical elements as tax considerations; product/service compatibility; competitive tactics and position; financial impact; and cash flow considerations.
Pension & Profit Sharing Plans
Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs…) can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.
Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.
Accounting Services, including Monthly Bookkeeping
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Thus, we provide the following accounting services:
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our firm provides a full range of cost effective bookkeeping/write-up services including the following:
- General ledger & financial statement preparation
- Bookkeeping (Monthly/Quarterly/Annual)
- Accounting system setup for new businesses
- Computerized payroll services
- Business tax return preparation (Sales & Use/Business Property)
- Personal financial statements
- Litigation support
Cash Flow & Budgeting Analysis
A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses.
Financial Forecasts & Projections
Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals.
Audits of Special Districts, Counties and Single Audits