An audit provides the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific information. Audit work includes a review of internal controls, testing of selected transactions, and communication with third parties for verification. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatements.
Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures applied to the financial statements, and various inquiries made of your company's management team. A review doesn't require us to study and evaluate your company's internal controls or verify data with third parties or physically inspect assets. Rather, a review report expresses limited assurance.
In compiling financial statements for a client, we present information that is the "representation of management" and expresses no opinion or assurance on the statements. Compilations don't require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business. Banks often require compilations from an independent CPA as part of their lending agreements.
When it comes to paying employees, filing requirements have made the payroll function a time consuming nightmare for the small business owner.
We offer payroll solutions that meet your business's needs and enable you to spend time doing what you do best--running your company.
Why Outsource Your Payroll?
As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits.
Each month or quarter we'll do the following things for you...
Having properly prepared books for your entity significantly speeds up the amount of time necessary to prepare an income tax return. And in some cases, state law requires corporations and LLCs to maintain a set of books for the entity in order to maintain their limited liability protection.
Our experienced staff has over 70 years of combined experience in tax preparation for sole-proprietorships, partnerships, corporations, and non-profits.
For more information on our tax services please see the "Tax Services" section of our website.