Thomas R. Smith CPA

 

Audits, Reviews or Compilations - All audit and review engagements are performed in accordance with Generally Accepted Auditing Standards and financial statements are prepared in accordance with Generally Accepted Accounting Principles.  We do not do audit work for publicly traded companies as we have made a decision not to expand the practice into that area.  We do however provide these services to Not for Profit and Governmental entities.


Taxes - We provide planning services to minimize the organization’s consolidated income tax liability.  We also prepare federal and state income tax returns along with a variety of excise taxes and informational returns


Bookkeeping - We can either keep your books at our offices and provide you with monthly financial statements or we can install accounting software on your computer system and either train your employees to do the work and or will provide an operator to do the work at your location.  This service can be as extensive or as hands off as you would like.


Payroll - We  will prepare your  weekly, biweekly, semi-monthly or monthly payroll, including payroll checks (or direct deposit), will prepare the required payroll tax deposits for 940 and 941 tax and prepare for your signature all quarterly (federal and state or multi state) and annual payroll tax returns. We will also provide the annual W-2’s and W-3. 


Internal Control Systems – We can evaluate and document existing internal accounting controls and make recommendations to strengthen these controls.  We also assist clients in implementation and compliance with Sarbannes-Oxley requirements. While not generally required for non-public entities, many of the control and reporting requirements are beneficial for all companies, especially those that are growing and need a foundation for reporting and internal controls for the future.


Asset Management and Inventory Control - As companies grow, control over inventory and production assets is frequently overlooked.  As inventories balloon,  cash decreases.  We work with owners and management to develop controls and systems for inventory control to keep inventory levels low without impacting work flow.  This enables companies to use their internally generated cash for growth rather than having it tied up in inventory.


Financial Planning and Budgeting – Many smaller and medium companies get so involved in actually operating their companies that they do not take the time to plan for growth and when it comes they are behind the curve. We work with management to determine the financial goals of the organization and assist with (or prepare) the documentation of the plan in such a manner as to make in a roadmap for the year with measurable  goals to analyze performance.


Mergers and Acquisitions - We assist clients in the due diligence, negotiation and documentation of deals when it comes time to either buy or sell another company.  While we are not business brokers, we can generally assist in all areas of acquiring or selling businesses.


Financing and Working Capital - We prepare loan applications and plans for working capital and for long term capital projects.  We can work with your bank, or provide contacts with lenders both banking and non-banking for secured and asset based working capital and long term loans.


Fees - All of our fees are competitive and vary based on the complexity of the work and the experience of the personnel to be provided.  We will provide estimates of fees with all engagements and have a policy of discussing any changes in fees prior to incurring any additional fees should the scope of the assignment be altered. 



Copyright 2013 Thomas R. Smith CPA all rights reserved

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Business Services