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Financial Planning Business Consulting
Tax Planning Audit Preparation
Estate Planning Retirement Planning
Asset Protection Forensic Accounting
Chief Financial Officer Service Bookkeeping
The typical review determines how to:
The firm maintains a very strong dedication to the tax industry. Due to significant changes in tax law, we watch developments and changes and constantly share this information with clients.
Because of the complex legal and tax environment in estate planning, we are experienced in helping clients determining will, trust and durable power of attorney provisions. We then utilize legal help specializing in estate planning in the further recommendations and preparation of documents.
Clients are encouraged to protect themselves from frivolous lawsuits and unforeseen liabilities and judgments through proper asset protection. Use of various legal devices, through attorneys who specialize in this area, affords methods to retain wealth.
Most small to mid-sized companies do not have a chief financial officer. Often the owner of the company tries to fill this position while being responsible for all other management functions. We provide CFO services on an as-needed basis. Usually from a few hours per month to many hour per week is needed. We have lending relationships with various banks and introduce our clients to key bank personnel in order to facilitate a fast track approach. A good CFO is a strategist with a high degree of financial acumen and the ability to tell the company’s story to various audiences. A strong CFO must be able to consider all of the financial factors and form a single, coherent picture of a company’s financials – to see the big picture and understand where the myriad little pictures fit in – and to effectively communicate the findings internally and externally.
Critical tasks we perform are:
Because of Mr. Bucchieri’s extensive experience in operating various types of businesses, his ability to assist and recommend areas for improvement is substantial. The businesses past and present performance and its’ present standing in the market is evaluated to begin the formulation of a business plan to grow and increase profits. Results are constantly measured and tracked.
If the goal is the sale of a business, comprehensive presentation is prepared to assist the owner and realtor to the potential purchaser. The business opportunity is often difficult to communicate, but if quality background information is developed, the process becomes much clearer.
Significant time and expertise is necessary in the preparation of a tax audit. Review of income and deductions is thorough in order to avoid delays in the completion of the audit and to avoid an unfavorable outcome.
Mr. Bucchieri has a great deal of experience in retirement planning. On an individual level a comprehensive look into ones’ plan for retirement is made, reviewing existing plans and future needs. A strategy is recommended and, if accepted by the client, implemented. Ongoing review of this plan is essential to realizing the goals set.
We have worked with both individuals and corporations in establishing IRA’s, profit sharing plans, money purchase plans, defined benefit and contribution plans, 403(b), 457, and 401(k) plans.
Determination of whether a company should establish a qualified plan or a tax deferred savings program begins with an analysis of the cost of the employee benefit versus the client tax savings. Once the net benefit on an after tax basis is evaluated then more intangible benefits are taken into account. If it is determined that a plan is to be implemented, we will work with the client in selecting the appropriate type of plan by developing a strategy for employee participation.
Analysis of physical and computerized financial records to document revenue received, loans received and made expenditures and movements of assets. We will attempt to reconstruct records, accidentally or intentionally destroyed, tracing documents to supporting source documents and request known financial documents. We also review tax preparation for completeness, accuracy, and adherence to the IRS tax code.
Our bookkeeper, Ri Bucchieri has over 30 years of experience working with various types of entities and is meticulous in her endeavor. Bookkeeping is the heart of the accounting function. Without accurate and detailed records the accounting function is impossible. Bookkeeping is the recording of financial transactions. Transactions include purchases, sales, receipts and payments by an individual or organization. Many individuals mistakenly consider bookkeeping and accounting to be the same thing. The accountant creates reports from the recorded financial transactions recorded by the bookkeeper and files forms with government agencies. Preparation of financial statements such as an income statement or balance sheet can only occur from good bookkeeping.