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| Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison. Below we have listed the services that we offer to our clients along with a brief description. 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. |
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| Accounting Services |
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not 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:
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| Audit Services |
Success in today's business environment hinges on access to capital, a sound business plan, appreciation of the risk factors involved, and a certain degree of business acumen. At Sharrard, McGee & Co., P.A., we think of an audit as another tool to assist you in achieving success. An audit takes an in-depth look at your company's financial information, and in addition to the financial statements that you need, an audit provides additional benefits including:
Audits performed by Sharrard, McGee & Co., P.A. are undertaken with the same philosophy with which we approach all our engagements - a commitment to quality. By building an audit around the principles of efficiency, effectiveness, risk management, communication and technology, we are able to provide you with timely and quality service. We currently serve a wide range of clients from the small entrepreneurs to multi-state corporations. In serving these clients we have discovered that assisting them in finding solutions to their problems is the most important service we can offer. |
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| 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. Our Client Assistance Department (CAD) staff of qualified Accounting Paraprofessionals offers the following services:
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| 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. |
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| 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. |
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| Business Valuations |
| Whether you are thinking of buying a new business or in the midst of a difficult divorce, the amount attached to the value of your business is important. We can provide useful and objective analysis to assist you in the valuation of any business in which you have an interest. Business valuation is a complex process requiring broad knowledge of finance and business, experienced application of recognized business valuation methodologies and diligent adherence to professional standards. It is an art, rather than a science, in which sound judgment based on solid experience in the discipline, is very important. It is critical to determine the purpose of the valuation and what the practitioner will include in the estimate of value. This determination shapes the choice of valuation methods to apply, because different approaches may be more appropriate for different purposes. You want a consultant whose focus, training and experience enable him to derive an appropriate value that is both reasonable and supportable. You also want someone who has a thorough understanding of the financial and operational aspects of your business. CPAs bring to the task of valuation a proven track record of competence, integrity, sound judgment and commitment to quality service. The advantages of a CPA Accredited in Business Valuation (CPA/ABV) include:
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| 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. |
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| 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. |
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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 are just a few of the areas in which we provide consulting services:
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| Employee Benefit Plan Audits |
| Many employers have established employee benefit plans as a way to attract and maintain a quality workforce only to find that employee benefit plans are legal entities subject to their own set of rules, regulations and reporting requirements. Auditing employee benefit plans is a specialized practice requiring knowledge and expertise beyond that necessary for performing a financial statement audit. The legal requirements of employee benefit plans are determined by ERISA (Employee Retirement Income Security Act of 1974) rules and regulations mandated by the Department of Labor (DOL). Employee benefit plans have come under increased scrutiny by the DOL in the last few years. Therefore, your selection of an auditor is a very important decision. Our auditors have experience and training in the specialized area of employee benefit plan audits. At Sharrard, McGee & Co., P.A. we provide employee benefit plan audits of all types including:
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| 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. |
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| Estate Planning |
| 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. |
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| 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. |
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| 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. Your goals may include funding education, estate planning, retirement planning, investment planning and asset allocation, cash management and budgeting, risk management and insurance or business transfer. As a CPA firm, we have a thorough working knowledge of the interrelated effects of income, gift and estate taxation on financial products, and how various vehicles such as trusts, insurance products and closely held businesses can be used to achieve your goals. For over 25 years Sharrard, McGee & Co., P.A. has been involved in consulting and tax preparation. A well-qualified financial advisor should work with you to prepare your plan. As objective fee-based financial consultants, our loyalty is to our clients, not to a product we are trying to sell. We also have knowledge and experience to incorporate tax planning into your Personal Financial Plan. Sharrard, McGee & Co., P.A. is a full service accounting and consulting firm that provides tax, accounting and consulting services. We believe our success has been the result of the timeliness and quality of our service. |
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| 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. |
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| 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. |
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| 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. |
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| Medical Practice Consulting |
| Satisfaction in the practice of medicine is a growing challenge for the best of physicians. The toughest calls to make today are the ones that physicians have not been educated to make...how much to charge for services, and how to ensure fair payment that will be received in a reasonable period of time. Increased government regulation and oversight challenges physicians to conform to a bewildering array of rules and reporting requirements. Physicians are threatened by fines, penalties, and outright banishment from some programs for failure to meet time consuming and complex medical record documentation and coding requirements. Managed care plans have established barriers to prompt and equitable reimbursement for quality patient care. Healthcare is in turmoil. The answer to the confusing dynamics facing the healthcare provider today is the use of qualified practice management consultants who fully understand the current regulatory environment and demands of day-to-day practice management, and who have practical solutions that focus on efficiencies, cost containment, financial controls, and staff development. The solution can found at Sharrard, McGee & Co., P.A. |
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| 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. |
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| Non-Profit Audits |
| Why might your organization need an audit? Many grants now require that the grant recipient not-for-profit organization have an audit performed by an independent CPA firm. Non-governmental organizations that receive, use or expend $15,000 or more in state grant money or federal pass-through money must file annually with the state agency. They must decide whether they are subject to a Single Audit in accordance with OMB A-133, a Yellow Book audit in accordance with Government Auditing Standards (GAS), or must file a sworn statement and Schedule of Grantee Receipts and Expenditures. Many private foundations also require an audit to ensure that the money they contribute to an organization is spent in accordance with their restrictions. An audit also gives the not-for-profit organization's Board of Directors assurance that there are no material misstatements in their financial statements. Sharrard, McGee & Co., P.A. has CPAs with extensive knowledge and training in the not-for-profit area. Our areas of expertise include:
Nonprofit organizations may be required to file a Return for Organization Exempt from Income Tax. Sharrard, McGee & Co., P.A. can assist you with filing Form 990, 990-T, or 990-PF. |
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| Payroll Services |
Payroll tax issues can be one of the most time consuming parts of running a small business. It is difficult to keep up with the ever-changing regulations for both federal and state payroll withholding and reporting. Our Client Assistance Department can guide you through this maze. We offer the following services:
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| Property Tax Services |
| Most state and local governments obtain a significant amount of funds from business property taxes. At Sharrard, McGee & Co, P.A. we are experienced in dealing with many jurisdictions and can help your business make the correct filings. We can also assist you in lowering your property tax bill by reviewing your listings and making sure that your property is correctly categorized and valued. |
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| QuickBooks Consultation |
| We provide assistance in choosing the version of QuickBooks that will best serve your needs. We can tailor a package to give you just what you need in QuickBooks consultation - from setting up a company file to on-site training, or telephone support. Call one of our ProAdvisors for assistance. |
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| Retirement Planning |
Business owners looking to reward employees, provide for their own retirement and defer income taxes should consider implementing a qualified retirement plan. At Sharrard, McGee & Co., P.A., we can help guide you through the complicated process of selecting and implementing the plan that is right for you. Our full range of services include:
As CPAs we can put our extensive knowledge of taxation and financial planning to work for you in implementing and administering your plan. We can also help you and your employees with your future retirement planning through our personal financial planning services. |
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| 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:
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| 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. |
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| Tax Planning |
| Tax planning is an essential element of the tax preparation process. Whether you are an individual or you have an existing company or a start-up business, taxation is a major factor in the decision making process. Trying to keep taxes low while keeping profits high requires sound planning and timely advice. By staying abreast of changes in the ever-evolving world of taxation, we at Sharrard, McGee & Co., P.A. can offer our clients sound, money-saving advice. |
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| Tax Services |
| We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include but are not limited to:
Tax planning & return preparation |
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