Kevin E. Fordyce, CPA

Accounting Services

Audits, Reviews and 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 all three levels of assurance:

• Audit - a risk-based  examination with the highest level of assurance
• Review - some analytical procedures conducted with limited assurance
• Compilation - based upon client information provided and used primarily for internal use.

We view our role in the financial reporting process, regardless of service level, as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency.

Audits

Our audit process uses a risk-based approach, which maximizes audit efficiency and effectiveness. We plan and coordinate our work to a detailed level before fieldwork to ensure that the audit process does not intrude on your day-to-day activities any more than necessary.

We use the audit process to evaluate the strength of our client's system internal controls and provide recommendations to improve our clients processes whenever possible.

We are always happy to meet with the client's audit committee, board of directors, or other governing body both before and after the audit to ensure that there is robust communication between the organization's governing body and the auditor. In addition to meeting with the board after the audit to communicate audit results and recommended improvements, we also encourage the governing body to meet with us before the audit to involve them in the planning and scope of the audit as much as possible.

Reviews

Clients who do not need a full audit but would still like limited assurance on their financial statements should consider a review, which can be a more cost-efficient service. A review is not as detailed as an audit, with procedures limited mostly to analytical review of the financial statements presented as opposed to the detail testing required by auditing standards.

Compilations

Compilations differ from reviews and audits as they are based upon client information provided and used primarily for internal use only as no assurance is expressed. Since no assurance is expressed, compilations can be prepared with or without full GAAP note disclosures. Many clients find this flexibility best suits their needs.

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 with the day-to-day tasks associated with effective and efficient bookkeeping.

A well-run bookeeping function allows management to access necessary information as quickly as possible to enable them to make the best strategic decisions for the organization. We strive to get the most complete and accurate information to management in a timely manner to facilitate the decison management process.

Cash Flow & Budgeting Analysis

A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate expected cash flow and  financing requirements, and track cash-flow sources and uses. If your company does not have an effective cash management strategy, you need one! We can work with your accounting and finance departments to develop a cash flow management strategy with you.

Financial Forecasts & Projections

Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals.

Financial Statements

We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.

Audit Services

We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. Audits differ from reviews and compilations, as they are an intensive examination of your company's systems and records providing the highest level of assurance.

Consulting Services

CFO Consulting Services

Often times our clients cannot afford the cost of a full-time CFO or Business Manager, but could still benefit from the leadership and expertise of a seasoned financial professional on either an interim or on-going part-time basis.We can provide the role of part-time CFO and help your business by:

• Preparing or reviewing monthly internal financial statements and management reports.
• Preparing and reviewing annual or periodic financial statements prepared under GAAP or other required accounting basis.
• Preparing cash flow budgets and projections.
• Preparing for audits, reviews, etc. and work with external auditors.
• Analyzing financial and operating data to prepare Management Discussion and Analysis reports on a periodic basis.
• Preparing and maintaining bank covenant compliance forecasts.
• Assisting or leading the budgeting process.
• Reviewing the cash management and treasury function to make the most of idle cash
• Reviewing receivables and collections to minimize days in A/R
• Preparing or reviewing the corporate tax return.
• Ensuring state, local, and payroll taxes are remitted on a timely basis.
• Assisting top management with strategic planning (modeling).
• Reviewing Accounting and Finance Department structure and activities to ensure personnel and accounting processes are used effectively and efficiently.
• Reviewing System of Internal Controls to ensure controls are working as effectively (and efficiently) as possible.
• Performing Legal and compliance reviews.
• Assisting management in developing appropriate policies and procedures.
• Advising management regarding changing financial accounting requirements. In 2010 and beyond this will be a constant need!

Business Consulting

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.

Management Advisory Services

Even the most qualified managers can benefit from competent, objective feedback. We can help your company's management team develop long-term objectives and specific strategies to facilitate your business' future growth and success.

Pension & Profit Sharing Plans

Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs…) can provide significant tax advantages for closely held businesses and self-employed individuals. We can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.

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. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.

Tax Services

Tax Preparation

Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, not-for-profit organizations, trusts, and estates.

Tax Planning

Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities.

Not-for-Profit Services

We have extensive experience working with not-for-profit organizations and are up-to-date with the new 990 reporting requirements and the recent changes in not-for-profit accounting and reporting. We would be glad to discuss these with you and make the financial and tax-reporting process as smooth as possible.

We can also assist you in all of your federal, state, and local compliance and reporting requirements.

Small Business Services

Many companies are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.

Other Services

Certified QuickBooks Pro Advisor ®

We are a Certified QuickBooks Pro Advisor ®. We can assist you in QuickBooks ® Setup, Training, and Reporting.