Certified Public Accountants, L.L.C.
Business Services
Part Time CFO
Are you a business owner who is:- Frustrated by the time you are spending with your accounting?
- Concerned about the lack of information you have about your business?
- Uncertain where your business is headed?
- Nervous about the financial health of your business?
- Struggling to generate enough cash to take advantage of opportunities?
- Grappling with financial issues?
If any of the above applies to you, we can help! We offer a comprehensive financial management solution. Our services go beyond compliance and transactional accounting work. We help our clients plan for the future, manage overall business performance, and achieve their growth and profitability goals. In addition, our pricing is significantly less then the cost of employing a CFO or Controller. Clients only pay for the amount of time they need, so they receive our entire team of professionals for a fraction of the cost!
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Small Business Accounting
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...
- Reconcile your bank account
- Generate an income statement
- Generate a balance sheet
- Clean up your general ledger
- Provide unlimited consultations
These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.
Bank Reconciliation
Reconciling your business checking account each month allows us to keep your bank account and financial reports up to date.
Having us reconcile your account each month allows you to...
- Identify lost checks, lost deposits and unauthorized wire transactions.
- Detect and prevent excess/unjustified bank charges and ensures transactions
are posted correctly by your bank.
- Detect and prevent embezzlement of funds from within your company.
- Know how your business is doing. You can't really know unless all accounts
are reconciled and properly accounted for on your financial statement.
- Manage your cash more effectively. Proper management of funds not only
saves money; it makes money for you.
- Protect yourself. By timely reconciling and promptly objecting to your
bank about any unauthorized, fraudulent or forged checks presented to your bank
and paid by that bank, you can relieve your agency of responsibility for the
shortfall and transfer the risk to the bank. This reason to reconcile alone
should be enough. Crime exists.
- Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.
Income Statement
An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.
An income statement allows you to...
- Track revenues and expenses so that you can determine the operating
performance of your business.
- Determine what areas of your business are over-budget or under-budget.
- Identify specific items that are causing unexpected expenditures.
- Track dramatic increases in product returns or cost of goods sold as
a percentage of sales.
- Determine your income tax liability.
Balance Sheet
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.
A balance sheet helps you...
- Quickly get a handle on the financial strength and capabilities of your business.
- Identify and analyze trends, particularly in the area of receivables
and payables. For example, if your receivables cycle is lengthening, maybe you
can collect your receivables more aggressively.
- Determine if your business is in a position to expand.
- Determine if your business can easily handle the normal financial ebbs
and flows of revenues and expenses.
- Determine if you need to take immediate steps to bolster cash reserves.
- Determine if your business has been slowing down payables to forestall an inevitable cash shortage.
Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors and vendors who are considering how much credit to grant you.
Maintaining a Clean General Ledger
The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.
Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix them so your books are always accurate and kept in tip top shape.
Provide consultation regarding financial reporting and accounting transactions
We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Also, we know you did not go to school to be an accountant and that from time to time situations occur that can be confusing and difficult to analyze. We will assist you in the analysis of accounting matters so that you will be more informed regarding the impact they may have on your business.
If you'd like to receive a Free Consultation on our Small Business Accounting Service, please complete this form.
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Payroll
When it comes to paying employees, laws and the IRS have made the payroll function a time consuming nightmare for the small business owner.
Small business owners spend an average of eight hours a month performing payroll functions. That's 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers.
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...
- It's Cost Effective
Use your staff more efficiently by letting us handle payroll and the associated legal details. Reduce overhead by removing the need to hire specialized employees. - It's a Time Saver
Our payroll service eliminates the burden of customizing, updating and maintaining your own payroll system--no more data entry, no more researching updates or new laws, no more worries. - Worry Free Payroll Tax Filing
Eliminate the risks of calculating and filing your own payroll taxes by having professionals do it for you. Federal, state and local payroll tax laws are frequently changing and becoming more complex. How much time do you want to spend learning all the rules and keeping your information up to date? - Allows You To Focus On Core Competencies
Our professional staff allow you to focus on the core competencies of your business. We are accounting professionals--you get the experts working for you and with you. - Comprehensive Reports
You get a wide variety of user-friendly and accurate payroll reports. For a nominal fee, we will include union reports, certified payroll, workers' compensation reports and much more.
Get the Payroll Solution That Best Fits Your Needs.
We know that when it comes to payroll service - no one size fits all. That's
why we offer the following 3 custom payroll processing options.
1. Comprehensive Payroll Services
Our Comprehensive Payroll Service takes care of all of the payroll processing
for you, so that you won't have to. You get...
- Your payroll checks prepared and printed on-time, every-time.
- All of your payroll checks are laser printed on "blank" check stock to ensure maximum security and meet the micro encoding standards as set forth by the Federal Reserve System.
- Free Direct Deposits
- Worry free IRS and State tax reporting as well as EFTPS tax deposits.
- User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
- Detailed reports on your employee's vacation, sick days, and personal days accruals.
- Creation and filing of the required new hire reports
- Your payroll records maintained in tip top shape.
2. After-the-Fact-Payroll Services
We will take your manually-prepared payroll records and other payroll information
and post this information to our data files, so you get...
- Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
- User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
- Detailed reports on your employee's vacation, sick days, and personal days accruals.
- Creation and filing of the required new hire reports
- Your payroll records maintained in tip top shape.
3. Online Payroll Processing
You can enter your employee's hours and earnings securely online and get...
- The ability to instantly print payroll checks on your own printer.
- Free Direct Deposits
- Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
- User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
- Detailed reports on your employee's vacation, sick days, and personal days accruals.
- Creation and filing of the required new hire reports
- Your payroll records maintained in tip top shape.
Custom Payroll Reports Service
There seems to be an endless amount of special reports Government agencies require.
We can prepare the following reports for you.
- Worker's Compensation Audits
- Unemployment Claims
- Social Security Audits
- Child Support Audits
- W-2 and W-3 processing
- 1099 and 1096 processing
- Preparation/assistance with Federal and State registration forms
How much do we charge?
In order to give you an accurate price for our payroll services we need to know
a little more about your business and what services you're interested in. Our
prices are very affordable.
Please complete the form below to get a Free Consultation and complete pricing of our Payroll Processing Services.
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QuickBooks Services
10 Reasons Why You Should Use QuickBooks
QuickBooks is the ideal business accounting software for small to mid-sized
business owners. Here's 10 reasons why you should be using QuickBooks.
1. You save time on bookkeeping and paperwork because many of simple bookkeeping
tasks are handled automatically making it easier to run your business.
2. You can easily generate the reports with the information you need, so you
always know where your business stands. You instantly know whether you're making
money and whether your business is healthy.
3. You save money because QuickBooks is so affordable. You can use it to run
a $5 million or a $25 million business for a few hundred bucks. PC accounting
software is truly one of the great bargains in business.
4. Your business can grow with QuickBooks. QuickBooks will help you design a
business plan to use when trying to secure a small business loan or line of
credit or to plan for the future. QuickBooks will create a projected balance
sheet, profit and loss statement and statement of cash flows in the format recommended
by the U.S. Small Business Administration.
5. You can customize QuickBooks to work the way you want. QuickBooks is specifically
designed to be flexible and adaptable to a wide range of small businesses. To
broaden its appeal, QuickBooks has recently added customized accounting packages
for Contractors, Retailers, Health Care Professionals, and Non-Profit organizations.
6. You can rest assured knowing that QuickBooks is a stable, reliable and proven
product. Hundreds of thousands of small businesses throughout the world have
chosen QuickBooks as their accounting software. You can't go wrong with a software
program with such an extensive installed user base.
7. You save typing time and errors by sharing data between QuickBooks and over
100 business applications. You can even share data with popular programs, such
as Microsoft Excel, Word, Outlook and ACT.
8. You will get paid faster with QuickBooks online payments. E-mail an invoice
or statement and with QuickBooks Online Billing, your customer can easily pay
you with a credit card or bank account transfer. No more waiting for the check
in the mail!
9. You can easily accept Credit Cards. With QuickBooks Merchant Account Service,
you can accept credit cards with ease. QuickBooks Merchant Account Service is
the only credit card acceptance service integrated with QuickBooks software,
which means you don't have to enter the same data twice. No additional software
or hardware is required. Your customers can use Visa, MasterCard, or American
Express.
10. You can pay your bills and bank online. Setup your current bank account
in QuickBooks, and you're ready to pay your bills without licking envelopes,
sticking stamps, or printing paper checks. Just write checks in QuickBooks as
you normally would, then click a button and your participating bank does the
rest! Pay anyone in the U.S. from your credit card companies to your pizza service.
Online Banking also lets you download your monthly statement from your participating
bank directly into QuickBooks for easier reconciliation.
Fill out the form below to e-mail us.
Although QuickBooks is designed for the layman to understand, the initial setup and installation must be done correctly in order for future information to be accurate.
All information necessary to setup manual accounting records is also necessary to setup and install QuickBooks on your desktop. This task is even more complicated if you switch from manual accounting operations to QuickBooks in the middle of the year.
Which accounting method will you use? What chart of accounts do you need for your business? How do you handle beginning balances?
An expert can easily answer all of these questions and complete the initial Setup and Installation in a timely manner. In addition, your accounting employees receive training on the accounting software to enhance their performance.
How much does it cost? We first want to find out a little more about your business and your accounting records before we quote you an exact price. Rest assured that we work with many small business owners and our rates are designed to fit the budgets of our clients.
As with any accounting software program, installation and training take time - time taken away from managing your business. Here's a short list of the services we provide during your QuickBooks setup:
- Study and evaluate your software and accounting needs.
- Recommend software and hardware requirements.
- Install software, design and set up chart of accounts and entire accounting package including payroll, accounts receivable, inventory, accounts payable, etc.
- Determination of your QuickBooks starting date
- Loading your chart of account and balances as of that starting date
- Preparation of a list of the items that you sell to your customers. This list includes services, inventory parts, non-inventory parts, other charges and sales taxes
- Entering your outstanding accounts receivable and accounts payable details as of your starting date
- Entering your ending statement bank balances and outstanding checks & deposits in transit as of your starting date
- Printing a trial balance as of your starting date and comparing it to your trial balance from your old system
- Entering your transactions since your starting dates into QuickBooks
- Train client or client staff in use of software to meet their accounting,
management and tax needs.
Ongoing Services:
- Follow up training to ensure the client is "on the right track".
- Monthly, quarterly or annual review of client QuickBooks data to assist in tax preparation and management reports.
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Once QuickBooks is set-up and working properly, we can train you or your employees
to properly operate QuickBooks specifically for your business.
Why choose one-on-one attention instead of taking a class?
- We come to your location.
- We focus on the individual issues facing your business.
- We will be there to answer your specific questions and concerns.
- No need to spend time on features that don't impact your business!
Call today to set-up an appointment.
We will come to your location!!
Never Hesitate to Ask a Question!
QuickBooks users are generally not stumped by the software, they are stumped by the accounting information necessary to complete the transactions. Quick access to correct information is essential to maintain the accuracy of your financial records.
Employees in your accounting department will find comfort in knowing an Expert in QuickBooks is only an email or phone-call away. Email and telephone support prevents many wasted hours of aggravation and embarrassment.
How much does it cost? $20 per question.
Questions may be called in, left on voice mail, faxed or sent via e-mail. A Certified Professional Advisor who specializes in working with QuickBooks will respond with a detailed solution to your problem or question, usually within 24 hours.
100% Money Back Guarantee: If we cannot adequately resolve your problem or question, your money will be refunded 100%, guaranteed.
QuickAnswers keeps your employees on task.
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Overhaul your accounting system with a QuickBooks Tune-up.
Whether you need to prepare for tax time, a financial review or you just need to clean up some problem areas, you'll be prepared with a QuickBooks Tune-up. In four (4) hours, a QuickBooks Professional Advisor will help you clean up and organize your bookkeeping system.
Tune-up Topics:- Reviewing your transactions for the year
- Cleaning up stray entries
- Customizing reports
- Balancing general ledger to subsidiary records
- Additional personalized training
Price: $295
A QuickBooks Tune-up is a smart and affordable way to get a handle on your books. Accurate records allow you to make educated decisions for your business and will save you money!
Yes! I'm interested in the QuickBooks Tune-up service. Please call me to schedule a time when we can meet.Fill out the form below to e-mail us.
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Audits - Reviews - Compilations
Stockholders, creditors, and private investors often need assurance that the financial statements accurately represent the true financial position of a company.
Your stockholders, creditors, or private investors have different levels of risk tolerance, so we provide three levels of assurance to meet your needs.
Audit - Highest Level of Assurance
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 as determined by the auditor or as established by general practice.
Our work includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatements.
An Audit allows you to...
- Satisfy stakeholders such as employees, customers, suppliers and pressure
groups, as well as the investing community, as to the credibility of published
information.
- Facilitate the payment of corporate tax, goods and services tax, and
other taxes on-time and accurately, thereby avoiding interest, penalties, and
investigations.
- Comply with banking covenants.
- Help deter and detect material fraud and error.
- Facilitate the purchase and sale of businesses.
Here's what you get...
You get the highest level of assurance because we go outside your company to obtain more information. Typically, we'll have written communication with:
- Your customers, to check outstanding receivable balances,
- Your banks, to confirm cash or debt balances and terms,
- Your vendors, to verify outstanding payable balances, and
- Your attorneys, for information on pending or threatened legal action.
We also perform physical inspections by observing your inventory counting methods and perform test counts. We document and test each operating cycle, including sales and cash receipts, expenses and cash disbursements, and payroll. Our audit papers include a detailed work program to document the examinations and testing performed, as well as the client's supporting work papers.
Audits Not Just for Public Entities
All public companies are required to have an annual audit, but some nonpublic entities must undergo an annual audit as well. These include local governments, not-for-profit agencies and other organizations receiving government grants.
Moreover, some financial institutions require audits of nonpublic companies based on the financing amount and/or the bank's assessment of the company's risk. Also, companies with absentee ownership (such as those owned by investment firms, or individuals who no longer run the business) may order audits as checks of their management teams.
Review - Limited Assurance
Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company's management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.
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 the form of the statement: "We are not aware of any material modifications" for the financial statements to be in conformity with the Generally Accepted Accounting Principles (GAAP). Reviewed financial statements must include all required footnotes and other disclosures.
Why might a business request a review engagement? It can be a good middle ground, providing the advantages of a CPA's technical expertise without the work and expense of an audit.
Compilation - Lowest Level of 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 covenants.
Which Report Should You Use?
Each type of financial statement report may suit specific circumstances, depending on requirements from your client's bank or other parties, as well as meet budgetary needs.
Understanding each report's unique strengths and weaknesses can help you choose the most appropriate one. Please call if you have questions about which type of report is right for you.
Agreed-upon Procedures
Agreed-upon procedure engagements are a unique attestation engagement because we report procedures and findings rather than a conclusion. These engagements involve applying procedures, agreed-upon by specified users, to information and issuing a report that enumerates the procedures performed, states our findings, and restricts the use of the report to the parties that agreed to the procedures.
Understanding each report's unique strengths and weaknesses can help you choose the most appropriate one. Please call if you have questions about which type of report is right for you or complete the form below for a Free Consultation.
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CIRA/HOA Audits
As a fully licensed Florida CPA firm, one of Chouinard & Williams Certified Public Accountants, LLC services includes providing audits, reviews and compilations for the Common Interest Realty Association Industry ("CIRA") , more commonly referred to as Home Owners' and Condominium Associations.
We focus on continuing education and staying abreast of current laws and accounting standards specific to the CIRA industry. With our vast knowledge and experience delivering these services, we help homeowners and property managers ensure that Associations are complying with the state statutes and regulations.
As members of the HOA ourselves, Chouinard & Williams Certified Public Accountants, LLC Team truly understands each homeowner's specific needs. With our wide array of professional knowledge in the industry, coupled with our personal involvement as homeowners in the Association, we deliver cost-sensitive services in a timely manner to each and every Client.
If you'd like more information about our CIRA Audits please complete this form to setup a Free Consultation.
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Business Plans
About the only person who doesn't need a business plan is one who's not going into business. You don't need a plan to start a hobby or to moonlight from your regular job. But anybody beginning or extending a venture that will consume significant resources of money, energy or time, and that is expected to return a profit, should take the time to draft some kind of plan.
- Start-ups. The classic business plan writer is an entrepreneur seeking funds to help start a new venture. Many, many great companies had their starts on paper, in the form of a plan that was used to convince investors to put up the capital necessary to get them under way.
- Middle-stage enterprises. These entities may draft plans to help them find funding for growth just as the start-ups do, although the amounts they seek may be larger and the investors more willing. They may feel the need for a written plan to help manage an already rapidly growing business. Or a plan may be seen as a valuable tool to be used to convey the mission and prospects of the business to customers, suppliers or others.
- A sample of our business plans - Click Here
If you'd like more information about our Business Plan Services please complete this form to setup a Free Consultation.
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Strategic Business Planning
A Strategic Business Plan is much more than a tool to obtain financing. If you still have all you plans and ideas locked up inside your head... preparing a strategic plan helps you clarify your company's direction, ensures your key leaders are all "on the same page", and keeps both management and staff focused on the tasks at hand.
A Strategic Plan is often needed when...
- Starting a new venture, product or service
- Expanding a current organization, product or service
- Buying a new business, product or service
- Turning around a declining business
The Strategic Plan provides a blueprint, describing your company, its products, the competitive environment, management team, financial health, and business risks.
The plan allows you to...
- Identify and describe the target customer profile, features, advantages and benefits of your new venture, product or service.
- Justify that your plans are credible by fully researching the need being filled with your new venture.
- Develop marketing plans including full descriptions of targeted promotional campaigns with implementation timelines. You also get to examine market conditions, the nature of your customers, as well as your competitors, sales potential, and projected results of your promotional campaigns.
- Develop staffing plans including identifying the key players, skills, attitudes and expertise needed to build the venture.
- Develop management plans including full descriptions of management systems and timelines for implementation.
- Develop financial plans including projected startup costs, operating costs, revenue, profits, and break-even analysis for the first 3 to 5 years. Projected financial plans allow you to effectively predict upcoming problems, or prevent them. In other words, the perspective gained through your Strategic Business Plan can make a significant contribution to your company's success, and help you get the funding you require. In fact, most lending institutions and private investors will not even talk to you without a solid financial plan.
- Identify building and equipment needs including vendors and cost estimates.
- Formulate company milestones including timelines for upcoming products and services in development.
Remember: Failing to plan is planning to fail.
Let us help you develop a powerful Strategic Business Plan that drives your business to the level of success you deserve.
Let us help you develop a powerful Strategic Business Plan that drives your business to the level of success you deserve. Request a Free Consultation below.
Mergers & Acquisitions
Finding the right business partner for your company can be a difficult task. We can assist you in the merger or acquisition process by assessing such critical elements as tax considerations; product/service compatibility; competitive tactics and position; financial impact; and cash flow considerations.
Let us help you succeed by getting your new business off to a good strong start. Please complete the form below to learn more about our Mergers & Acquisition Services.
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Consulting Services
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:
- Accounting software selection and implementation
- Type of entity selection
- Buying/selling a business
- Computer systems
- Financial & retirement decisions
If you'd like more information about our consulting services please complete this form to setup a Free Consultation.
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New Business Formation
Thinking of owning your own business?
Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It's up to you to maintain and stretch out the "thrill and excitement" period forever.
A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. We help you avoid the common pitfalls that many new small business owners make when starting their new venture.
We help you...
- Prepare an initial business plan to clarify your marketing, management, and financial plans.
- Determine your start-up capital needs.
- Identify sources of start-up capital and backup sources if needed.
- Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
- Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
- Select the right accounting software by evaluating your budget, needs and hardware.
- Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
- Establish billing and collection procedures to maximize your cash flow.
- Establish procedures to monitor and control costs.
- Setup a home office so you can maximize your tax deductions.
- Prepare and file all required state and local licenses and permits.
- Prepare and file your application for your Federal Employer Identification Number.
- Provide payroll and payroll tax filing when you bring on your first employee.
- Comply with employment laws so you don't get hit with fines and unhappy employees.
- Identify your business insurance needs.
- Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a tremendous amount of financial and emotional problems down the road.
Let us help you succeed by getting your new business off to a good strong start. Please complete the form below to learn more about our New Business Formation Services.
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Non-Profit Organizations
We can help you setup and maintain your non-profit organization's tax-exempt status by handling all the IRS reporting for you.
Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations, which includes the following items.
- Income Statement with very specific revenue and expense categories like donations, salaries, postage, rent...
- Balance Sheet with specific categories like cash, accounts receivable, accounts payable...
- Functional Expense Statement with all the expenses allocated to either program services, fundraising, or operations.
- Individual Program Expense Statement that reports all of the expenses for each program or service like seminar programs or educational mailings.
- Revenue Support Schedules that detail the organization's sources of income in specific categories like charitable donations, membership fees, investment income.
The IRS uses these very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status. So it's imperative that you build your accounting system around these revenue and expense classifications.
Here's what we do for you...
- Review and compile your financial statements
- Design, install, and maintain your Accounting System
- Weekly, bi-weekly, or monthly payroll preparation
- Payroll Tax Preparation and Deposits
- Provide training for your accounting personnel
- Complete and file your non-profit status application
- Provide training for your board on non-profit financial statement usage and effective budgeting practices
- Prepare and file the 990 and 990T tax forms
- Prepare your initial start-up documentation, including incorporation, federal employee identification number (FEIN), and payroll setup with federal and state agencies.
- Churches: We prepare the pastoral housing allowance and other required benefit documentation to meet the complex dual status of ministers.
If you're starting a new not-for-profit organization we can help you prepare your organization's 501 (c)(3) application for tax-exempt status.
Here's what's needed...
- Articles of Incorporation containing the Exempt Purpose Statement as described in IRS Code section 501(c)(3) and defined in Treasury Regulation 1.501(c)(3)-1 Paragraph d and the Dissolution Statement described in Treasury Regulation 1.501(c)(3)-1 Paragraph b subparagraph 4 ("Organizational Test").
- Employer Identification Number
- By-laws of the Organization
- Minutes of Board Meetings
- Names, Addresses, and Resumes of Board Members
- Names and addresses of all Active Members
- Inventory of Assets like cash, furniture, equipment, property, pledges...
- Inventory of Liabilities like mortgages, accounts payable, loans...
- Rent/Lease Agreements and Contracts
- Revenue and Expense Statements for the last four years or as far back as possible if your organization has been in existence for less than four years.
- Written Reason for Formation and History of the organization.
- Organization Mission Statement or Statement of Faith or Beliefs for Churches and other Religious Organizations.
- Organization Activities, Operations and Programs Documentation including your statement of purpose & operations, food programs, fundraisers, flyers/brochures/pamphlets...
- Financial Support Documentation including all sources of revenue like contributions, tithes, offerings, fundraisers...
- Fund Raising Program Descriptions
- IRS Processing/Filing Fee
We are happy to prepare any of these items if you need help.
Let us help you setup and/or maintain your non-profit tax-exempt status by requesting a Free Consultation below.
Request information about Non-Profit Organizations
Internal Controls
At times you may need a trained outside professional to evaluate your company's
operations to determine if the appropriate controls are in place to ensure proper
handling of resources and to protect yourself from employee theft.
We assess your internal control systems to determine the efficiency and effectiveness
of your operating procedures. Then we make recommendations that help your company
become stronger and more profitable by correcting any inefficient or ineffective
operating procedures we find.
What we do for you...
If you'd like more information about our internal control services please complete this form to setup a Free Consultation.
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Succession Planning
If you own a family business, retirement isn't simply a matter of deciding
not to go into the office anymore. You've got some critical questions to answer
like...
"What happens to the business when you're no longer running it?" and
"Will you have enough money to retire?"
The family dynamic complicates the whole transition because of the relationships
and emotions involved. Most people are not comfortable discussing topics such
as aging, death, and financial affairs.
Comfortable or not, succession planning should be a priority for any family
business considering that more than seven out of ten family-owned businesses
fail to survive the transition from founder to second generation, typically
falling prey either to estate taxes or family discord - or both.
Developing and implementing a well-designed succession plan is essential to
the survival of a family business from one generation to the next.
We help you with these key issues -
What we do for you...
Once we understand how you feel about the key issues above, we begin constructing your succession plan focusing on these 5 issues...
1. Business Valuation
2. Business Restructuring
3. Tax Consequences
4. Retirement Projections
5. Tax Projections
Let us help you pass on what's taken a lifetime to build by requesting a Free Consultation below.
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