Internal Control System Assesment
Professional Business Efficiency
We perform an internal control systems assessment to determine the efficiency and effectiveness of your operating procedures.Make sure transactions are authorized by a person delegated approval authority when the transactions are consistent with policy
IRS Audit Representation
In fiscal year 2014, the IRS audited the tax returns of fewer than one percent of taxpayers nationwide. With those odds, you may be thinking it can’t happen to you. But you could be wrong. Especially if you have a lot of business expenses, your tax return is complicated, or you’re in a higher income bracket.
Cash Management
- know when, where, and how your cash needs will occur.
- know what the best sources are for meeting your additional cash needs.
- be prepared to meet these needs when they occur, by keeping good relationships with bankers and other creditors.
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long term objectives
We spend time with our clients to understand their businesses, family, and personal needs to mutually determine the best planning structure for them.
To assist you in your altruistic endeavors and reduce your overall potential estate liability, we stand ready to assist you with a whole host of complex charitable giving strategies, including advice and analysis on grantor retained trusts, charitable trusts, and family foundations.
our services
We Also Serve To individual and contractor's :
Our firm will work with you to achieve a work life balance that results in your personal and professional success. You will have unlimited opportunity to succeed and grow within our firm at your own pace.
We serve family-owned businesses, real-estate owners, high net worth individuals, farmers and wineries, construction contractors
We believe in supporting our community and hire people that have strong connections to the RTP area.
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We also do preparation of accounting for all transactions in accordance with GAAP, including revenue recognition, accounts receivable, accounts payable, and payroll.
key Responsiblities
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- Develop and implement sales and marketing plans
- Prospect potential clients and discuss insurance and financial services
- Build and execute strategies and plans to help clients accumulate and preserve their assets
- Work closely with clients to ensure that their different costs are correctly reviewed
- Analyzing and manipulating large and complex data
- Read and interpret public agency data and tax law
we specialize in
CHAIR MAN AND CONVENER - EXPERT IN
- · Federal and State Tax Returns.
- · Review and manage tax engagements.
- · Work with clients to understand tax needs.
- · Work with partners and coworkers on tax projects.
- · Prepare quarterly corporate schedules, year-end schedules and tax reports.
- .Prepare federal, state, and local tax documents;
- .Recommend tax strategies by researching federal, state, and local taxation issues;
- Maintain compliance with regulations by forwarding required information to federal, state, and local authorities;
- Update job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
State and federal tax
Additional Information
Auditing, review, compilation and write-up fieldwork to include: inventory count observations, testing account reconciliations, recording confirmation results, vouching invoices to schedules and organizing data and schedules for testing.
Month end close, prepare financial statements, supporting documentation, detailed general ledger, balance sheet analysis, journal entries, bank reconciliations and other supporting schedules/reconciliations.
Payroll and all required monthly, quarterly and annual State and Federal Tax Reports.
Coordination of audits and assists with preparation of financial and statistical reports including year-end reporting, budgetary, CAFR and other legal documents and management analysis.
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GAAP STANDARD
Financial statements and operating reports for both internal and external purposes; responsible for overall accurate and timely financial reporting, including regulatory reporting and other internal and external reports.
External and internal audits and other regulatory exams/audits.
General ledger system which includes managing the maintenance of the general ledger system, including consolidation/intercompany elimination, and manage the bank wide certification process
Accounting functions including accounting operations, financial analysis, and forecasting and budget preparation..
Develop and implement appropriate and comprehensive accounting policies and practices that include the proper internal controls necessary to safeguard the Bank’s assets and to ensure the accuracy and integrity of financial reporting.
Accounting operation standards by contributing financial information to strategic plans and reviews; implementing production, productivity, quality, and customer service standards; resolving identifying system improvements.
Develop and monitor budget information for the accounting department; track expenditures and variances, and take corrective measures as needed.
Variable Tax
Gift Tax : Gifts to individuals and charities that exceed the annual exclusion. Data are collected for the donor of the gift, the amount of each individual gift reported, the computation of lifetime gifts, and calculation of tax liability.
State Tax Statistic : Gross estate and its composition, deductions, and tax, as well as information on the age, sex, and marital status of decedents. Estate tax data are produced by filing year and selected years of death.
Personal Wealth : This periodic study provides estimates of personal wealth of top wealth holders that are generated from estate tax return data using the "estate multiplier" technique, in conjunction with both filing-year and year-of-death estate databases.
Split Interest Tax : Split-interest trusts make distributions to both charitable and non-charitable beneficiaries, while providing tax benefits to their donors. Based on the method and timing of distributions, split-interest trusts are divided into four categories: charitable remainder annuity trusts, charitable remainder unitrusts, charitable lead trusts, and pooled income funds
Additional Information
Advisory services has been earned through a focus on people, innovation, and excellence. We attribute our sustained growth to the daily contributions of the remarkable individuals who make up our team.
U.S. federal and state/local income and franchise tax returns, extensions, and estimates for assigned companies and process related tax payments
Income tax provisions based on IFRS accounting standards and maintain related tax accounts
Reconcile tax fixed assets and depreciation.
Researching routine tax issues.
Revenue cycle management processes, postings, and reporting; ensure cash receipts are posted accurately and timely; cross walking what services were delivered versus what got billed versus what got paid; record revenue in dollar amount and units billed and paid for proper recording; participate in billing reconciliation meetings with the benefits and entitlements department
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Small to Mid Size Business Accounting Service:
Produces monthly financial statements, including Statement of Financial Position, Statement of Activities with comparisons to budget, Cash Flow Statement, Rolling Forecast, Net Assets Roll-forward, and Memo pointing out significant information. Submits reports to and reviews with senior management.
Maintain internal control and safeguards for receipt of revenue, costs, program budgets and actual expenditures.
Prepare Cash forecasting, Budget Report, Bank Reconciliation, depreciation schedules,
fixed asset, expense report, monthly financial packages, annual budget preparation and
payroll journals.
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NC TAX CPA
Financial management in the area of Financial Accounting,
Forecasting, financial portfolio analysis. cash flow statement, and manage charts of
accounts and financial records.
Prepared and reviewed monthly financial reporting including Inter-company transactions,
fixed assets, variance analysis, and consolidated budgeting.
