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?
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.