Our Services
Tax Return Preparation & Planning We'll
assist you in preparing and filing your annual business,
personal, and trust returns. We provide the tools to
help you organize your tax information to reduce the cost of
preparing the return. By working together throughout the
year, we are
able to provide feedback and assistance to maximize all of the tax savings available to
you.
We will provide updates on current tax issues to
make sure that you are fully aware of any tax law changes
that may benefit or otherwise affect your individual or
business filings.
Accounting Services
Small business
have different needs related to the accounting needs of
their business. We work with our clients to provide
assistance where needed.
QuickBooks Professional Advisors
We assist our clients in streamlining their accounting their
accounting and effective capturing of accounting data.
Payroll Services Self-directed
payroll clients use the QuickBooks’s online system. In order
to have one point of contact, our payroll clients have a
dedicated service rep, who is managed by a CPA. A CPA is
always available to answer payroll questions that are beyond
the knowledge and experience of the Dedicated Service Reps.
This service is managed through QuickBooks online
systems. All processes and procedures are fully automated,
saving the client, time money and the headache hassle of
payroll.
Government Auditing Services:
Program-Specific Audits A program-specific audit is an audit
of one grant or group of grants from one federal agency in accordance with Federal laws,
regulations, or audit guides relative to that particular
grant or award. It does not require a financial statement
audit of the entity. The audit is conducted in accordance
with Generally Accepted Auditing Principles and Government
Auditing Standards. Program specific audits cover the fiscal
or calendar year of the grant being audited. Internal control
structures and compliance with significant requirements are
tested as part of every program-specific audit.
Audit Requirements: Single audits or
program-specific audits usually need to be prepared for any
year for organizations that spend more than $500,000 in
federal funds.
NIST Audits These are Program Specific
Audits required by the National Institute for Science and
Technology (NIST), Advanced Technology Programs (ATP).
Recipients of grant money from NIST are required to provide
an audit of their projects in the first, third, and fifth
year of the project. These audits follow very specific
government regulations. We assist clients in the preparation
of these audits or assist them in implementing the specific
accounting practices required under these regulations.
Audit Requirements:
NIST grants need to be audited within 90 days of the end of
the first year of funding. The grant is then required
to be audited every 2 years after the first year and in the
final year.
Government Accounting Set-up and Review Our clients around
the country engage us to review their accounting systems and
to assist them in the implementation of a government
compliant accounting system. These services include:
- Account setup
- Authoring appropriate Policies and Procedures
- Setting up compliant accounting systems and controls
Financial Statement Preparation
Companies requiring audits are now required to draft their
own financial statements, a process mostly completed by the
auditor in the past. Under SAS99, companies need to have the
financial expertise in house to be able to prepare the
financial statements and the backup supporting the financial
statements.
Newman Associates, CPA assists clients in preparation for compliance
with PACBOA and AICPA requirements for the audit. We provide
the following services:
- Lead Sheet Preparation
- Journal Entries Required
- Financial Statement Drafting
- Liaison between Auditor and Client
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