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Business Advisory Services Team
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Services >> Business >> Accounting Services
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Payroll Services
Many businesses spend too much time and effort on payroll administration and compliance made more difficult by the ever-changing tax rules at the federal and state levels. With the headache of payroll administration safely in our hands you are able to devote more time to the operations of your business. Our service is convenient, fast, flexible and accurate.
  • Complete payroll administration
    • Payroll Checks
    • Bank and Electronic Deposits of Withholdings
    • Quarterly and Annual Payroll Tax Reports
      • Forms 941 and 942
      • Forms W-2
      • Forms 1099-Misc
  • Quarterly and annual payroll tax report preparation where your payroll is completed in-house
  • Assist in the development of an in-house payroll system and guide you in preparing all necessary payroll tax and information returns.
  • Annual payroll guide including a summary of payroll tax reporting and information return requirements, as well as an update section for new federal and selected state laws.
  • Correspond with tax authorities regarding notices of taxes and penalties owed
Accounting Methods and Periods - Selection and Planning
Frequently, companies are unaware that changing an accounting method can provide a tremendous benefit from a cash flow perspective. Many accounting methods used by companies are not efficient from a tax perspective resulting in missed opportunities within the current statutory environment to maximize cash flow. Understanding the regulatory provisions and the changes in accounting methods can be difficult and confusing—it requires knowledge of the ever-changing tax law and the experience of a seasoned tax champion. The rules can provide tremendous benefits, but the analysis is not routine or painless.

Our professionals will analyze your current accounting methods and help you identify areas where potential cash flow savings might exist. By aligning these tax strategies with your organization’s broader business goals, the tax savings could be significant.

To determine the best accounting methods for your business goals and cash flow that produces meaningful results without significant interruption in your business, our professionals will review the following:

  • Financial records
  • Fixed assets
  • Inventories
  • Property taxes
  • State and local taxes
  • Current financial accounting methods

Furthermore, with the expanded automatic consent procedures, the process has become significantly easier. But incorrect use of tax advantageous methods could open your business to IRS examination. By helping you make the change correctly, we may help you avoid IRS initiated changes that apply retroactively.
Internal Control Reviews
Strong internal controls are an important part of a successful business operation. Control deficiencies expose management and owners to operational, as well as personal risks and can put the entire business in jeopardy. Recent events in corporate America over the past few years, including the downfall of Enron, Worldcom, and Arthur Anderson, have placed a renewed emphasis on internal controls and establishing systems to prevent and detect fraud.

Effective internal controls are necessary to build and protect your ownership interest in your business. Strong internal controls help safeguard assets and prevent fraud, ensure that all financial transactions are properly authorized and the financial information contained in your financial reports is reliable. This gives you the confidence that your business decisions are based on sound data.

An internal control review consists of gaining an understanding of your internal controls based on your policies and procedures, as well as conversations with staff members. We can also test the effectiveness and/or adherence to your control policy by performing a “walk-through” of random transactions during the year.

Our team of professionals can perform a detailed review of the design and/or operating effectiveness of your internal control system, including:

  • Staff compliance with internal policies
  • Reliability of financial reporting
  • Management of business risks
  • Minimizing fraud risks