|
| Client Services |  |
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.
Tax Services
Tax Preparation
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
Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities.
Tax Services
We provide a wide range of tax compliance and planning services for our clients. Our approach to taxation begins with a broad view of your business and individual situation and objectives. With these in mind, we are better able to assist in the international, federal, state, and local tax issues you face and the alternatives you can consider.
FEDERAL
- Tax laws change every year and become more cumbersome. Our tax experts receive hours of training every year to stay current with regulations that affect our clients' bottom line. We build a relationship with our clients and work with them closely throughout the year so there are no surprises. Our tax services are available to individuals on up to companies, proprietorships, partnerships, trusts, and corporations.
STATE AND LOCAL
- In today's complex and ever-changing tax environment, hundereds of businesses benefit from the Daines Goodwin team of professionals. We offer extensive experience in virtually every category of state and local taxes with a streamlined process for assessing state and local tax exposure and specialists who act as audit and appellate advocates for our clients.
SALES AND USE TAXES
- Even mature enterprises have difficulty keeping up with law changes and available incentives. As companies move into new state or communitites, these issues become even more complex.
INCOME TAXES
- We help clients reduce income taxes by staying abreast of tax saving opportunities, comples and changing legislation, and court cases. States are becoming increasingly aggressive in enforcing their tax laws. It helps to have a working understanding of the intricate rules regarding nonbusiness income, nexus, and similar issues. Our knowledge of these complex rules creates opportunities for our clients to handle business transactions appropriately.
IRS Representation
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.
Estate & Trust Tax Preparation
Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
Sales Tax Services
Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.
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.
Consulting Services
Estate Planning
The operative word in Estate Planning is "Planning."
As disturbing as it can be to think about your death, there are benefits in the present for those who commit to planning for the future. At Daines Goodwin, we understand that planning for the distribution of your estate following your death in only one aspect of estate planning. Equally important is planning for the accumulation, conservation, and enjoyment of your property and assets during your lifetime.
By customizing your estate plan to your particular needs, our estate planning specialists can assist in managing and conserving while optimizing tax liabilities. In our estate planning process, you receive hands-on, personalized attention from knowledgeable professionals who can devise the most efficient plan at the most cost-effective fee by helping you:
- Identify family goals regarding the preservation of wealth.
- Review current wills, trust instruments, and schedules of assets.
- Closely help business issues, including valuation, alternative methods of paying estate tax, and the transfer and/or disposition of interests estimate estate taxes under current estate plans.
- Strategize various alternatives to the current estate plans and quantify potential tax savings.
- Examine
- Plan for assets with unique estate tax attributes, including retirement plan and life insurance benefits.
- Identify potential liquidity problems caused by federal and state estate taxes, generation-skipping transfer tax, debts cash necessary funds for the continued operation of the family business, probate administration costs, etc.
- Develop a lifetime gift program utilizing appropriate vehicles such as family limited partnerships, charitable trusts, and qualified residence trusts.
- Help you communicate and discuss your plan with your family to ensure there is a mutual understanding of your plan and holding to it.
- Ensure the proper implementation of the estate plan.
Most importantly, because we adhere to time-honored ethics and emphasize personalized attention, one-on-one relationships, and commitment to our client dealings, we provide the personal touch of a trusted business advisor. We know that by caring about you, we're caring about our neighbors and the future of our region.
Business Consulting
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.
Financial Planning
A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.
Investment Review
As you develop your investment strategy, we will act as your sounding board. We can help you and your investment advisor build an investment portfolio that takes into consideration the impact of taxes and produces a favorable after-tax return.
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
- Business valuations
- Buying/selling a business
- Computer systems
- Financial & retirement decisions
- Estate, trust & gift planning
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.
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 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.
Management Advisory Services
Even the most qualified managers can benefit from competent, objective feedback. We can help your company's management team develop long-term objectives and specific strategies to facilitate your business' future growth and success.
Pension & Profit Sharing Plans
Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs…) can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.
Accounting Services
Accounting Services
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot 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
- Bookkeeping (Monthly/Quarterly/Annual)
- Accounting system setup for new businesses
- Computerized payroll services
- Business tax return preparation (Sales & Use/Business Property)
- Personal financial statements
- Litigation support
Audit Services
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. Audits differ from reviews and compilations, as they are an intensive examination of your company's systems and records providing the highest level of assurance.
Reviews & 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 two levels of assurance:
- Review - some analytical procedures conducted with limited assurance
- Compilation - based upon client information provided and used primarily for internal use.
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.
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. Compilations differ from reviews and audits as they are based upon client information provided and used primarily for internal use only as no assurance is expressed.
Financial Statements
We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.
Bookkeeping/Write-Up
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.
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.
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.
Other Services
Certified Quickbooks Pro Advisor
We are a Certified QuickBooks Pro Advisor. We can assist you in QuickBooks Setup, Training, and Reporting.
Employee Benefit Plans
The accounting and tax issues involved with employer-provided benefit plans can be overwhelming. We can assist with the development, implementation and administration of your employee benefit plan.
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.
Expert Witness Services
Pending or existing litigation can result in the need for a qualified professional to present his/her opinion to support or oppose evidence submitted to the court. Our level of competence allows us the opportunity to function as expert witnesses in such cases.
Litigation Support
Litigation support involves the quantification of economic damages pursuant to existing or pending litigation using accounting and auditing techniques. We have experienced competent staff who can compile information efficiently to assist in the calculation and documentation of any potential economic loss or damages.
Miscellaneous
Wealth Management
We have developed a strategic alliance with Jacobsen Capital Management, LLC. Jacobsen Capital is an independent Registered Investment Advisor providing top quality investment management alternatives and unbiased investment advice to the private sector. Being independent, they are able to create custom tailored investment services to meet specific investment needs.
- Design of tailor-made investment policy
- Asset allocation based on Jacobsen's proprietary investment strategy
- Researched-based approach to investment and manager selection
- Access to "The Best of Breed" money managers
- Disciplined, ongoing manager monitoring and evaluation
- Tax planning strategies
- Customized reporting
- Access to and analysis of high-quality alternative investments
- Institutional pricing
You can visit their website at www.jacobsencapital.com
Assurance Services
- Audits, reviews, and compilations of current historical financial statements
- Financial statements analysis specific to your organization
- Agreed upon procedures tailored to your specific needs
- Forcasts and projections
| Home | Firm Profile | Client Services | Info Center | Newsletters | Financial Tools | Links | Contact Us |
