| Tax Services |
| We have several years of experience and specialized education that make us highly qualified to interpret tax laws and regulations and their impact. By keeping current on new tax legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We are able to provide this expertise to both our individual and business clients. Tax services offered include (but are not limited to):
*Tax planning & return preparation
- Individuals
- Corporations (S and C)
- Partnerships
- Estates, trusts & gift
*Taxing authority representation
*Divorce and support issues
*Tax effects of buying/selling a business
*Like-kind exchanges
*Small business retirement plans
*Small estate plans
*Gifting
*Education planning |
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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:
*Review - some analytical procedures conducted with limited assurance
*Compilation - based upon client information provided and used primarily for internal use. |
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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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| 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 and your staff with the day-to-day tasks associated with bookkeeping or we can simply answer your questions. We can also perform a variety of bookkeeping services for you including (but not limited to):
*Design the system including the chart of accounts
*Post cash receipts/disbursements
*Reconcile the bank accounts
*Adjust balances as required
*Prepare sales tax returns
*Prepare/report upon financial statements
*Analyze the financial statements to help your company become more efficient and profitable. |
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| Buying & Selling a Business |
| Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business.We at Groskopf & Groskopf, LLP have the experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations. |
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| Payroll Services |
| As a business grows, it must hire employees. We can assist you in payroll administration. We are happy to train your new staff or we can prepare your payroll for you, including printing of the payroll checks. We are also happy to prepare in a timely manner all monthly, quarterly and annual payroll reports required by the various government agencies, including W-2's. |
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| Other Services |
| Due to our diverse client base, we encounter a wide array of financial and tax issues. As a result, we have gained valuable experience over the years in numerous areas. We feel our ability to provide a variety of services reflects versatility and competency, as well as our dedication to quality client service. We believe there are many significant events in our client's lives when we can provide valuable guidance, including (but not limited ):
*Marriage
*College
*Gifting
*Estate planning
*Divorce
*Remarriage
*Death
*Property sales/acquisitions
*Self-employment planning
*Cashflow forecasting
*Retirement planning
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