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.
Audit and Assurance Services
We provide audit and assurance services to private companies of all sizes in a variety of industries. Our audit and assurance services professionals provide independent verification of accounting information to bring credibility to financial reporting. Businesses use our services to make more informed decisions, while reducing business risks associated with incorrect and incomplete information. Our firm can also provide advisory services to help implement complex areas of Generally Accepted Accounting Principles (GAAP), as well as other accounting information issues that occur throughout the life of your business.
We provide conclusions that confirm the reliability of written information requested of you, or used by third parties. In these engagements, we provide independent verification of information, other than financial statements, by examining, reviewing or applying agreed-upon procedures to the subject matter at hand or we can provide assurance regarding an assertion about the subject matter.
Compilations and Reviews
Closely held businesses have assurance needs that often don’t require an audit. Compilations and reviews are alternatives to audit engagements, designed specifically for smaller businesses. The purpose of these alternatives is to enhance the credibility and reliability of a company’s financial statements for external reporting.
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.
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.
Effective estate 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.
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.
Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.
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.
*Securites offered through Securities America, Inc. member FINRA (www.finra.org) and SIPC (www.sipc.org); Robert R. Fox, Rudy Sturgeon and Denny G. Meyer, Registered Representatives. Advisory services offered through Securites America Advisors, Inc.; Robert R. Fox, Rudy Sturgeon and Denny G. Meyer, Investment Advisor Representatives. We are licensed to offer securities in AZ, CO, DC, FL, LA, ME, NY, TX and VA. Fields, Nemec & Co., P.C. and Securities America are separate entities.
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.
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.
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.
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 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.
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.
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.
Asset protection, or wealth preservation, plan makes the enforcement of judgements against protected assets nearly impossible and allows the owner of protected assets to retain substantial control over these assets. Our firm can assist you with an asset protection plan that may include family limited partnerships, trusts, etc.