Bookkeeping/Payroll Services
We offer a full range of bookkeeping and payroll services. Whether you want to turn the entire process over to us, or you simply need some assistance calculating timely payroll tax payments, we are able and ready to assist you in your business.
Financial Statements/Audits
Financial Statement Compilation
The most basic form of financial statement preparation, Financial Statement Compilation is limited to presenting financial information that is the representation of management without any undertaking to express assurance on that information (American Institute of Certified Pubic Accountants. (2005).
AR Section 110.Financial Statement Review
The objective of a review engagement is to obtain limited assurance that there are no material modifications that should be made to the financial statements in order for the statements to be in conformity with accounting principles generally accepted in the United States of America.
A review includes primarily applying analytical procedures to financial data and making inquiries of company management. A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. A review does not contemplate obtaining an understanding of the Company’s internal control; assessing fraud risk; testing accounting records by obtaining sufficient appropriate audit evidence through inspection, observation, confirmation, or the examination of source documents (for example, cancelled checks or bank images); or other procedures ordinarily performed in an audit.
Financial Statement Audit
The objective of an audit is the expression of opinions as to whether your basic financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles.
An audit involves applying analytical procedures to financial data and making inquiries of company management; obtaining an understanding of the Company’s internal control; assessing fraud risk; testing accounting records by obtaining sufficient appropriate audit evidence through inspection, observation, confirmation, or the examination of source documents (for example, cancelled checks or bank images) to obtain reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the entity or to acts by management or employees acting on behalf of the entity.
Income Tax Services
Income Tax Preparation
We handle income tax returns of all varieties including single/married individuals, sole proprietors, partnerships, S-corporations, C-corporations, fiduciaries, and 990 not-for-profit organizations.