Financial Leadership to help you prosper

Taxes: We and I carefully follow changes to the tax laws and we will alert you to tax savings ideals and opportunities. We make every effort to be available to my clients upon contact to answer their questions. That's perhaps why so many of our clients have stayed with me through many years.

Financial Statements: We carefully review your financial statements for compliance of generally accepted accounting, or tax principles on the cash or accrual basis of accounting. It is important to us to properly classify the financials to reflect ratios which are acceptable to banks and shareholder-owners. The ratios play an important part in determining the borrower's loan terms and dollar limitation amounts.

Our prepared Financial Statements are laid out to help you and management make important financial decisions to increase sales, determine costs, and improve profits. Our financials are easy to read. They are presented split into fixed and variable expenses. All of our financials reflect the current and year to date activities. The financials can compare the current period with the prior years. Additional features are Cost of Sales Analysis, and graph presentations showing product sales and product costs. Also, we believe the Cash Flow Statement to be very important because it reflects the source of cash and the outflow of cash tied to the business check book/reconciliation .

Levels of Financial Statement Services: We offer three levels of services.

1. Compilation Services is the recording of financial data provided by management-owners into a balance sheet and income statement reconciled to cash.
   
2. Review Services is a higher level of service above the Compilation because the financial statements are checked for ratios and clarity with compliance with Generally Accepted Accounting Principles as outlined by American Institute of Certified Public Accountants. Cash Flow Statements and disclosure Foot Notes accompany the Reviewed Financial Statements.
   
3. Audit Services is the highest service that a CPA can perform. The CPA is rendering an opinion on the financials as to how well the financials reflects the financial condition of the business after complying verification tests of the financial data. All Cash Flow Statements and Foot Note disclosure of accounting principles used by company is required.
   

Other Methods of Accounting for Financial Statements are also prepared by us.
Most of these are presented using The Federal Income Tax Basis. Today there are many tax laws that do not agree with the Generally Accepted Accounting Principles. Therefore, in the interest of economy many small businesses use this basis of accounting. The statements often carry the Cash Flow Statement and Foot Note disclosure about the business.