As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional.
We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include but are not limited to:
*Tax planning & return preparation
- Estates, trusts & gift
- Not-for-profit organizations
*Taxing authority representation
*Tax effects of buying/selling a business
During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies.
Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.
Tax Planning & Preparation
Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation.
As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:
*General ledger & financial statement preparation
*Accounting system setup for new businesses
*Business tax return preparation (Sales & Use/Business Property)
*Personal financial statements
*Payroll tax return preparation
Audits, Reviews and Compilations
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on all three levels of assurance:
*Audit- an intensive examination with the highest level of assurance
*Review - some analytical procedures conducted with limited assurance
*Compilation - based upon client information provided and used primarily for internal use.
Financial Forecasts & Projections
Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals.
Cash Flow & Budgeting Analysis
A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses.
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.
Due to our diverse client base, we encounter a wide array of financial and tax issues. As a result, we have gained valuable experience over the years in numerous specialized areas, some of which include bankruptcy related services, cash flow forecsting and assistance provided to those starting up a new business. We feel our ability to provide such a variety of services reflects our versatility and competency, as well as our dedication to quality client service.
Sage & QuickBooks Advisor ®
We are a Sage and QuickBooks Advisor ®. We can assist you in Sage and QuickBooks ® Setup, Training, Usage, and Reporting.
Fraud Prevention & Detection
We use accounting and auditing skills to provide an analysis of financial records in conjunction with fraud and theft investigation. Our damage measurement methods can determine the extent of financial loss and illegal accounting practices.
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following is just a few of the areas in which we provide consulting services:
*Type of entity selection
*Buying/selling a business
*Financial & retirement decisions
*Estate, trust & gift planning
Business Succession Planning
Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company's day to day operations. With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.
Buying & Selling a Business
Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.
Business Entity Selection
Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company…) 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 to help you determine the most advantageous form of business for your company.
E-file Income Tax Returns
E-filing has revolutionized the way income tax returns are prepared. Just 15 years ago, less than 10 million returns were filed electronically. During the 2013 filing season there were more than 122 million tax returns filed electronically.
E-file enables us to file your individual, corporation, and partnership income tax returns using a computer instead of preparing your return and sending it through the mail.
IRS e-file is the least expensive, most accurate, and quickest method for filing your tax return. You CAN e-file whether you expect a refund or owe tax.
Benefits of e-file
We can e-file both your federal and state returns through our tax software.
We process the data and enter into a computer. The computer program checks for math errors before the return is accepted. E-file returns have significantly less chance of error compared to paper file returns.
Only you and your tax preparer see your return. Your tax information is encrypted and transmitted over the internet to ensure confidentiality.
Choose e-file and receive your refund within eight days, compared with up to eight weeks for paper filed returns.
Choose Direct Deposit and your refund is deposited directly into your account at the financial institution of your choice.
Within 24 hours, the IRS sends an electronic confirmation that the federal return was accepted for processing. The IRS then transmits the Kansas return information to the Kansas Department of Revenue.
You do not have to physically mail the returns to IRS and Kansas, saving you postage and time.
A 1031 exchange is a means of trading your real property for another property, thus deferring any gain on the transaction. The rules to successfully execute a tax-free exchange are very complex and require planning on a pro-active basis. The complexity increases in deferred exchanges or when multiple properties are involved. Recently there has been significant interest in an exchange method referred to as a "reverse exchange".
The saying in this industry is, "you begin planning for an exchange when you first acquire a property."
We provide the important information to guide you through the myriad of issues that must be considered in complying with the Section 1031 exchange rules.
Copy of Peer Review Report
Peer Review Report page 2