We
can assist you in improving internal controls and operating
efficiency, as well as make recommendations to make your company
more profitable. We have provided audit and assurance services
in these areas:
General
financial audits
Agreed
upon procedures
Review
of internal and operating controls
Due
diligence audits for mergers and acquisitions
Audits
required by government entities, including SBA, DOT, etc.
Audits
of pension plans under ERISA
Audits
of non-profit organizations
Surety
bonding |
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Tax
and Business Advisory Service
We
offer comprehensive tax services to corporations, private
businesses and individuals.
Tax
Consulting Services
From start-up companies to multinational corporations, we
provide a wide range of corporate tax planning services to
minimize income and other taxes. We work closely with clients
to identify tax opportunities and implement plans that produce
real savings.
Thinking
of starting up a business, we can help you to determine the
type of entity to choose and the various tax considerations
that are factors to consider. We can then assist you in registering
your business at the federal, state and local levels.
Tax
Reporting and Preparation Services
We offer clients extensive services for preparation of tax
returns for individuals, corporations, partnerships, trusts
and estates. We provide individual tax preparation to the
general public at competitive rates. Our professional staff
is up to date on new tax legislation and regulations that
affect your business.
Tax
Controversies and Compliance
We help our clients anticipate and resolve tax controversies.
We can represent handling federal, state department of labor
and other tax audits. We are familiar with the audit methods
employed by both the Internal Revenue Service and the State
of New Jersey.
Transfer
Pricing
We have experience with clients who have multinational operations
and have researched the issues related to transfer pricing
and area aware of the various methods applicable for establishing
such prices.
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Business
Valuation Services
Establishing
an accurate assessment of value for any business, enterprise
or intangible asset requires in-depth, specialized knowledge.
Business valuation professionals with practical experience
as Certified Public Accountants are well prepared to meet
the clients exact needs. Their varied experience and
training in valuation theory and application, litigation support,
accounting, tax, auditing, finance, insurance, economics and
investments prepare the business valuation analyst to provide
the client with a comprehensive analysis and a competent valuation.
Members
of our Firm qualify as analyst/valuator membership in the
National Association
of Certified Valuation Analysts (NACVA). This provides
added assurance that our valuation analysts meet high professional
standards and have recognized the need for special valuation
knowledge that NACVA provides.
Numbers,
facts, figures, balance sheets and financial statements simply
are not adequate to accurately measure the true fair market
value of an asset. Many different approaches and methods of
valuation analysis should be reviewed and selectively matched
to the asset being valued. Selecting the most appropriate
methodology, supported by various types of analysis, including
sophisticated mathematical calculations, ratio analysis, industry
comparisons, economic and market analysis, relative business
risk assessment, and many other considerations, is required
to achieve a competent valuation.
When
valuing your business or assets it is important to have the
assurance that the valuation analyst considers all the relevant
information and facts so you get the full economic benefit
you deserve. Using a qualified business valuator will give
you confidence, peace-of-mind, and the advantage of knowing
you will receive a professional product.
Business
valuations are necessary in a broad spectrum of situations
of need or adversity. A business valuation may be needed in
a variety of situations including the following:
|
Adequacy of Life Insurance |
Gifting Programs |
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Allocation of Acquisition Price |
Incentive Stock Option Programs |
|
Buy/Sell Agreements |
Initial Public Offerings (IPOs) |
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Bankruptcy and Foreclosures |
Lease vs Buy |
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Charitable Contributions |
Succession Planning |
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Eminent Domain |
Liquidation or Reorganization |
|
Employee Stock Ownership Plans (ESOPs) |
Mediation and Arbitration |
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Estate and Gift Taxes |
Mergers and Acquisitions |
|
Fairness Opinions |
Sale of a Business |
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Financing |
Split-ups/Spin-offs |
|
Franchise Valuation or Evaluation |
Litigation Support-
Disruption of Business, Dissenting Shareholder Actions,
Divorce, Economic Loss Analysis, Partner Disputes, Wrongful
Death |
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Consulting
We
can help you as an individual, corporate, executive and operator
of a family business build, preserve and maximize their wealth.
We provide a comprehensive approach to help clients grow and
protect their assets and transfer wealth to future generations.
We offer a variety of planning, advisory and compliance services,
including:
Investment planning
Retirement planning
Analysis of pension distributions and planning
Estate planning
Gift tax planning
Personal financial statements
Evaluation of employee benefits
Insurance consulting and risk management
Financial education services
Family business consulting |
Computerized
Accounting Systems
Our Firm is familiar with many of the accounting software
packages that are available. We can assist in implementing
and improving your accounting system with these packages.
We have MAS 90 trained personnel and are a member of the Quickbooks
professional advisory program.
Personnel
Recruiting and Training
We can help clients realize value of their people. We can
help clients maximize their return on human resources by assisting
clients in hiring and interviewing prospects for financial
and accounting positions. We can assist in the areas of compensation
agreements, benefits and insurance.
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Accounting
and Bookkeeping
Our
firm offers a wide range of accounting and bookkeeping services.
We have arrangements with our clients that provide for these
services to be rendered on a monthly, quarterly and annual
basis. Based upon our review of your needs, we can develop
the best plan for you. We can assist you in developing monthly
management reports that can be helpful in assessing your financial
success. Our accounting services include:
Financial statements prepared on a compilation or review
basis
Financial statements for all entities including individuals,
corporations, partnerships and limited liability companies
Monthly and quarterly accounting including computer-generated
journals and ledgers
Developing financial accounting and controls
Cash flow management
Budgeting and forecasting
Compliance with lender requirements
Financing, including banks, SBA, FHA
Bank reconciliations
Write up of cash receipts, disbursement, journal entities,
general ledger and trial balance
Inventory control
Depreciation schedules and asset records
Payroll tax preparation, sales tax preparation, and research
of related issues
Special purpose reports
Computerizing your business and accounting |
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Estate,
Gift Tax, Trust and Court Accounting
We
provide a full spectrum of services in this area. We can assist
in the preparation of insurance trust, charitable trusts,
living wills, etc. We have extensive experience in preparing
gift tax returns related to valuing closely held business
stock. We can prepare descendent estate returns for federal
and state purposes and trust income tax returns.
We
have extensive experiences in preparing court accountings
for decedents, estates, guardianships as well as other special
needs. Our format has been court accepted.
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State
and Local Tax Services
We
have professionals that help manage the growing complexities
of multi-state taxes. We focus on comprehensive planning while
seeking tax savings and refund opportunities. Additionally,
we help clients improve internal controls and operations to
better manage compliance requirements.
We
can assist you in employment, sales tax and state income tax
audits. Our professionals have significant experience in these
audits, which includes state sales tax audits related to cash
businesses.
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