We understand that regulatory burdens can be difficult to understand for a small business owner. At Burton CPA Firm we are dedicated to helping small business owners become successful in an unfriendly business and tax heavy environment.
One of the biggest and most challenging problems that a small business owner is confronted with is the time-consuming task of accounting. Burton CPA Firm understands that most small businesses do not have the financial resources to hire a full-time accountant, even though the need for one is essential. Some of the professional services that we provide to help small businesses are:
Bookkeeping
Anyone can call themselves a bookkeeper or staff accountant, but Burton CPA Firm requires all staff accountants to obtain a college degree alongside regular in-house training concerning the ins and outs of the regulatory requirements facing small businesses.
Burton CPA Bookkeeping Services include:
- General Ledger and Financial Statement Preparation prepared on a monthly, quarterly, or annual basis
- Accounting system setup and support
- Cash flow budgeting and forecasting
- Vendor and manager compliance testing
Payroll
Burton CPA Firm provides extensive payroll services to small businesses. We believe it is better that our clients spend their time developing and managing their business instead of trying to handle the demanding task of conducting employee payroll.
Letting Burton CPA Firm handle your payroll will allow you to:
- Avoid costly payroll tax compliance mistakes and issues
- Free up your time
- Takes stress out of your life
New Business Start Up Services
Burton CPA Firm will assist you in getting your business up and running. There are certain tax agencies that must be notified to properly start your business. Failure to handle these tax agencies can result in delays for opening your business, as well as fines for noncompliance with laws and regulations. We can help provide you with guidance in getting things done, both quickly and efficiently.
Some areas where we can help are:
- Application for Employer Identification Number
- Application with State Government Agencies in Registering your New Business
- Application with Federal and State Tax Agencies Related to Payroll Registration
- Application with Alcohol Beverage Control
- Application for Financial Institutions with Bank Account Setup and Loan Applications
- Application with Department of Homeland Security for E-Verify
- Application for Insurance Carriers and Review of Necessary Coverages
Asset Protection
Due to the litigious nature of our society, there are potentially severe and devastating consequences to owning a business. We have significant experience in developing, implementing, and monitoring asset protection strategies that keep you safe. There are several effective retirement plans and insurance strategies that are available to business owners that help provide protection of your assets. Burton CPA Firm is constantly looking and exploring new avenues to help our clients for when the unexpected happens.
Audits, Reviews, and Agreed Upon Procedures
Audits
The main objective of an audit is to render an opinion as to whether the financial statements are fairly stated. An audit involves evaluating internal controls, testing transactions, and obtaining third party confirmations of transactions and balances. We perform audits only when third party agencies require or request such services, as this level of accounting can be expensive and time consuming.
Reviews
The main objective of a review is to provide limited assurance to whether the financial statement conforms to generally accepted accounting principles. The level of assurance provided with reviewed financial statements is less than that, resulting from an audit. These services are typically less expensive and less time consuming when compared to an audit.
Agreed Upon Procedures
The main objective of an Agreed Upon Procedure is for the CPA to issue a report of findings to the client based upon specific procedures performed on a financial subject matter. Agreed Upon Procedures are often specific in nature and geared towards a sub-section of the overall financial operations of an entity. The cost and time devoted to these types of engagements can vary greatly depending on the subject matter that is being examined.
Economic Damages and Forensic Services
Burton CPA Firm has been asked over the years to help business owners determine and calculate economic damages caused by natural disasters, insurance disputes, and shareholder dissolutions. These services are tailor made to fit the client’s needs as many methods used to handle these issues are dated. Burton CPA Firm has the resources to help our clients with data recovery (manipulation and destruction), which is a common thread that runs through these types of disputes.
Business Valuation Services
We are asked on a regular basis to provide these services for our clients, and others, in a defendable, confidential manner. Burton CPA Firm will make sure that results are unbiased and private. We can help you with these types of specialized services and keep your private information confidential in our small community.
