We provide a wide range of services to individuals and
businesses in a variety of industries. We strive to meet
each client’s specific needs in planning for the future and
achieving their goals in an ever-changing financial and
regulatory environment. Our professional services include
but are not limited to:
|Tax Management Services|
|Assurance and Advisory Services|
|Estate and Trust Planning and |
|Accounting Software Selection, |
|Implementation, and Support|
|Financial Projections and |
|Reviews and Compilations|
|Entity Selection and Restructuring|
|Cash Flow and Budgeting Analysis|
|Mergers, Acquisitions, and Sales|
Tax Management Services
We guide our clients through a full range of tax planning and
preparation decisions with strategies that minimize your tax liabilities.
Our expertise, experience, analysis and thorough research allow us to
optimize financial opportunities to be found in existing as well as
recently altered tax laws.
From start-ups to established enterprises, businesses rely on accurate
and insightful financial information in order to maintain profitability and
capitalize on new opportunities. Our accounting services steer you
closer to these goals with accurate record-keeping and reporting as
well as support on financial issues such as initial accounting system
setup, cost-containment, tax planning, investments, and employee
benefit and profit-sharing plans.
These services include but are not limited to:
- General ledger and financial statement preparation
- Bookkeeping (Monthly, quarterly, or annual)
- Accounting system setup and support
- Payroll processing
- Cash flow budgeting and forecasting
- Personal financial statements
- Employee benefit and profit-sharing plans
- Corporate tax planning and return preparation
- Litigation support
Assurance and Advisory Services
We focus on building close client relationships that add long-term
value. This includes assuring the solidity of financial records, evaluating
financial procedures and working to produce strategies that help our
clients face the myriad challenges of business planning and execution.
Our clients benefit from objective analysis to assist in controlling costs,
increasing efficiency, and implementing new technologies and
procedures that take advantage of changes in the marketplace,
accounting standards, and tax law.
These services include but are not limited to:
- Reviews and compilations
- Entity selection and restructuring
- Accounting software selection, implementation, and support
- Business valuations
- Financial projections and forecasts
- Debt and finances advising
- Mergers and acquisitions
- Transaction structuring and negotiations
- Business succession
Reviews and Compilation
Our financial statement services comprise two levels of assurance
depending on your company’s needs.
- Reviews provide limited assurance to outside interests and involve
inquiries and analytical procedures that confirm financial statement
matters and identify any items requiring further analysis.
- Compilations are usually requested for internal purposes and are
based upon information provided by a company’s management. They
do not offer assurance but may involve some adjustment to accounting
Estate and Trust Planning and Tax Preparation
Effective estate and trust planning can ensure financial security for loved
ones. For businesses, it can maintain a smooth succession of
ownership. Our role is to help you navigate the complex and shifting tax
laws to facilitate the transfer of assets and minimize the tax liability of
Professional representation can be vital during an audit, and our
experience with tax authorities enables us to guide clients in their
dealings with federal and state agencies.
Accurate record-keeping is essential to a successful business yet can
also be complicated and time consuming. We can help you with the
organization and day-to-day tasks of bookkeeping so that you can focus
on your core business.
Entity Selection and Restructuring
Your business entity has a large impact on your taxes and other
liabilities. From your company’s inception through its growth and
development, we can advise you on choosing an entity type and later
restructuring if advantageous.
Accounting Software Selection, Implementation, and Support
Choosing and implementing a new accounting software system can be
a challenging undertaking. Our experience with various packages
currently on the market as well as awareness of new products allow us
to aid you in choosing and implementing a system that will suit your
company’s needs. Training and support will ensure minimal disruption
of your everyday business processes.
As technologies advance rapidly, companies increasingly need to
update their computer systems. We can audit your system
competencies and gauge upgrade needs as well as provide support in
choosing and implementing new hardware or network systems.
Our payroll services can help you reduce the time spent on
administration through developing and implementing a computerized
payroll system that will facilitate processing, timely payment and
preparation of tax returns.
Cash Flow and Budgeting Analysis
Good cash management can improve a company’s liquidity, reduce
costs, and increase profitability. We can help you maintain optimal cash
flow levels by tracking sources and uses, forecasting, and budgeting
Financial Projections and Forecasts
No one can predict the future perfectly, but we can all benefit from
planning for it. Our firm combines expertise and experience with a
gained understanding of your business to produce financial projections
that can help you manage your business plan and spending.
Depending on your needs, our work can range from top-level reports to
detailed financial models.
The range of needs for valuing businesses continues to widen, and we
provide in-depth analysis to help you identify and analyze the factors that
drive the value of your company or one in which you have an interest.
Uses for this service include estate planning and compliance, buying
and selling businesses, divorce matters, family limited partnerships
Mergers, Acquisitions, and Sales
Business transactions and transitions are complicated affairs, and
whether you’re buying, selling, or considering a potential merger, we
can provide professional know-how to help you successfully structure
and negotiate the deal. We employ careful analysis and due diligence to
determine a fair asking price, pinpoint the most favorable tax structures,
evaluate financial and cash flow impact, and assess compatible
business functions and tactics.
Kimball, Paris & Gugliotti, P.C.