Audit and Attest Services for Commercial Private Companies and SEC Companies

1. Audit & Accounting Services

   • Our approach to providing assurance services is to leverage the knowledge, training and experience of our professionals to conduct an efficient and effective engagement. We have extensive experience performing accounting and assurance services for private and publicly held clients throughout the United States.

2. Audit Services

   • Our philosophy and practice is to blend the technical, the practical and the business approach in the conduct of each audit engagement.

     Audits are specifically aligned with the client's business functions but go beyond just the financial. Businesses need auditors and advisors who understand their industry, their long-term strategy and any risks that need to be assessed and managed. Businesses need advisors who can interject this knowledge into the audit process.

     The audit is undertaken with detailed, agreed-upon expectations to which management and the engagement team are equally committed. These commitments thread through every aspect of the way we conduct and manage an audit, enabling the engagement team to utilize resources in the most efficient way that provides consistent value-added audit services.

     We have developed the traditional auditing role into a process that helps us gain a deeper understanding of our clients' needs. We recognize that clients expect more than just management letter recommendations after an audit. Our process uses knowledge and wisdom to provide value-added suggestions that help our clients achieve financial and operational success.

     Our approach includes an analysis of business performance against management objectives, an evaluation of business processes, an assessment of business risks and a benchmark of performance against industry standards. This approach focuses on understanding all aspects of a client’s organization, including areas such as:

     • Industry-specific processes
     • Sales and marketing
     • Personnel and human resources
     • Financial results
     • Business processes
     • Management of capital
     • Management information systems

     Our approach enables us to evaluate the overall effectiveness of the organization. We want our clients to see us as business partners with whom they can discuss, in confidence, their business issues and strategies.

3. Employee Benefit Plans

4. Financial Statement Tax Provisions and Deferred Taxes

5. Review and Compilations

   • Reviews
     • A review can be a cost-effective way to meet the requirements of third parties (such as lenders). By conducting a review, we can provide limited assurance about a client's financial statements. To do so, we utilize a variety of diagnostic tools, including analytic procedures, inquiries and general miscellaneous analyses of any items which may appear unusual and require explanation.
   • Compilations
     • A compilation involves assembling data from your records and presenting it in an appropriate financial statement format. For some businesses, this statement is sufficient enough to meet management needs, as well as the needs of certain third parties. Our services include preparation of compiled financial statements with and without disclosures on a monthly, quarterly or on a yearly basis, depending on the client’s needs.

6. Agreed Upon Procedures

7. Forecast and Projection Services

Corporation/Partnership/S Corporation and Limited Liability Company

We serve our clients through each stage of their business from formation (see Entity Selection below) or acquisition to succession planning or disposition and perform work for both privately and publicly held companies. In addition to the preparation of federal tax returns for the different types of business, we prepare many state and local tax filings, including income, franchise, gross receipts, sales and use, personal property, and payroll. We counsel on the impact of current tax legislation on your business and offer advice for tax reduction strategies both currently and proactively as new legislation is enacted.

Estates and Trusts

Planning for the transfer of your wealth can be an intimidating process, especially when you would like to minimize unfortunate tax consequences. In addition to the preparation of gift, trust and estate tax returns, we can assist you with the analysis of your financial condition and work out a tax-advantaged plan to transfer your assets to your loved ones or favorite charities during your life or at death. We work with you, your legal counsel and financial advisors to ensure that your goals for maximizing wealth accumulation and/or distribution are achieved. If you have wealth transfer strategies already in place, we can review the documents to ensure that they meet your directives while minimizing tax implications.

Private Foundations

From the establishment to the dissolution of a private foundation, we can guide you through the government record-keeping and reporting requirements, including filing for tax-exempt status and preparation of the private foundation annual return. Our professionals are knowledgeable about specific tax rules, such as, limitations on investments, distribution requirements and transactions between substantial contributors, for these types of entities.

Individuals

Our objective is to provide you with the most favorable tax treatment under the law. We analyze changes in tax legislation and look for tax savings opportunities that may benefit your personal circumstances. In addition to the preparation of your individual income tax return, we provide assistance in the preparation of income tax projections, advice as to the timing of income and deductions and information on the tax impact of changes in filing circumstances for spouses (separation, divorce and death) and dependents.

IRS Examination and Controversy Representation

We have represented our clients before the Internal Revenue Service and state tax authorities in tax examinations and a variety of other matters. A few examples of controversies that we have assisted with are worker classification, tax accounting methods, and asset and inventory capitalization.

Entity and Jurisdiction Selection Planning

Choosing the form of entity for your business (e.g. sole proprietor, "S" Corporation, Limited Liability Company, etc.) and the location of your business 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 and taxing jurisdiction to help you determine the most advantageous form and location for your business.

Transactional Structuring

To make sure that you are limiting your tax exposure while planning for transactions, we can interpret the tax implications of contracts before you sign them or assist you with any related tax analysis while a transaction is under consideration. Whether buying or selling an asset, investment, or business, our involvement will ensure that you control the transaction cost by minimizing potential tax risks and consequences.

Cost Segregation Studies

Cost segregation services consist of in-depth studies to establish the shortest proper federal tax depreciation life and maximize the utilization of applicable sales tax exemptions in connection with the acquisition cost of real property. Our goal is to accelerate the federal and state income tax benefit arising from depreciating the structure. We work with engineering professionals to ensure that you optimize your tax benefits while adhering to current tax pronouncements and government documentation requirements.

Sales and Use Tax Planning and Cost Recovery Representation

Our sales and use tax advisors can review and identify refund opportunities from changes in law, interstate purchases, statutory exemptions and billing errors.

Research and Development Credits

The research and development tax laws are highly complex. These laws were designed to lower the after-tax cost of research and development, inducing companies to invest more in these activities. We can help you determine if your business is eligible for potential benefits and assist with the administrative burden of determining exactly what costs are eligible and the best methodology to utilize these credits currently.

Compensation and Benefits

The sheer number of employer provided benefit plans available can be overwhelming to most business owners. We can narrow the field for you and assist in the development and administration of benefit plans and qualified retirement plans that result not only in substantial tax advantages, but will also help you provide for both the current and future needs of you and your employees.

Advisory and Consulting Services

1. Financial Derivatives Valuation Consulting

   • We offer solutions to complex accounting issues including financial valuation and recording of derivatives and the related required disclosure issues. Our experienced professional consulting team remains on top of the latest accounting guidance in this area and can assist management with the identification of embedded derivatives which affect many smaller businesses.

2. Stock Option Valuation

3. CFO Support Work

   • Our comprehensive accounting services can provide your business the time to focus on your core business operations while we focus on the processing and reporting of financial information. Whether your business is a public entity or private company we can customize the scope of our services to meet your specific needs.

4. Sarbanes-Oxley Consulting

   • Whether your company is a large or small public company, not-for-profit or a private company contemplating an IPO, SOX guidelines are useful to strengthen controls, improve the accuracy of financial reporting, and provide assurance to key stakeholders. Public companies must comply with the financial disclosure and internal control requirements of the Sarbanes-Oxley Act of 2002 and related Securities and Exchange Commission (SEC) rules. Our professionals provide top down, risk based guidance to your Audit Committee and Board of Directors in areas of internal controls implementation, assessing risk, policies and procedures compliance, evaluation and documentation of controls, and remediation recommendations for improvement.

5. Outsource Accounting Capabilities

   • We can help your company fulfill its accounting needs while allowing you to concentrate on your business growth and objectives with a wide range of outsourced accounting services that are specifically tailored to meet your company’s needs. Whether your needs are for bookkeeping services, compilations, reviews, payroll & sales tax preparation, account reconciliations, depreciation schedules, option or warrant valuations, or customized services specific to your business, our professionals can assist you in maintaining your accounting records up to date and in compliance with the most current guidance and regulations.

6. Wealth Management and Strategic Estate Planning

   • Strategies and approaches to protect your personal wealth must adapt to changing tax environments and requirements. When it comes to your wealth management many factors can influence your decisions. Our professionals can assist you develop the most effective tax and estate planning tools to reach your personal goals. We understand that a well developed plan can help you optimize your wealth and create a lasting legacy.

7. Budget and Strategic Planning and Corporate Finance

8. Succession Planning and Exit Strategy

   • Retirement from your business is far more complex than just not having to show up for work every day. Decisions ensuring that you have both enough capital to retire and planning for what will happen to your business are crucial. If your business is going to transition to family members, the task can be more complex due to the emotions and relationships. We can assist your create a personalized strategy that will benefit your business, your heirs and your retirement ensuring that you have a smooth transition that rewards both your personal retirement and the continuation of your business.

9. Quick Books Consulting and Advisory

   • We provide business accounting support for Quickbooks, QB Enterprise; Peachtree, MAS 90 and various industry specific software applications. Our Advanced Certified Quickbooks ProAdvisor; Certified ProAdvisors, and Certified Enterprise ProAdvisor can assist your company with training, support, software selection and bookkeeping services in these areas. Whether your company is family owned, organizationally complex, in the start up phase or in a rapid growth cycle BBK will work to tailor our role to fit your personal business goals and needs.