Gary Kaplan offers a full range of accounting and audit services to fit your needs. Choose what makes most sense for you to run your business effectively:
• Financial Reporting – You will want to have an Income Statement and Balance Sheet at least every quarter and annually. These reports not only let you know your bottom line and where you stand – they are valuable tools we use to analyze your gross profit, compare your progress to prior periods, identify areas where you can reduce expenses, and highlight both your strengths and areas that need improvement.
• Bookkeeping services – Bank statement reconciliation, general ledger maintenance, and receivables and payables tracking and analysis.
• Payroll management – We can prepare your payroll and tax deposit forms, or use your records to prepare the forms for accurate quarterly and annual tax filings. Don’t waste money on penalties because your deposits or tax returns are late!
• Cash projections and budgeting analysis – As your business grows, you may need additional equipment or human resources or office/warehouse space. Don’t be caught off-guard without sufficient capital to stay in business! We can help you identify your future cash requirements, as well as assist you with obtaining credit and financing.
• Compilation, review and audit services – Outside parties like banks, lenders and investors rely on the independence of a Certified Public Accountant to make informed decisions based on a business’ financial statements. The report you may need will depend on what assurances are required by the user of the financial statements to make their decisions.
- Compilations provide the “representation of management” without an expressed opinion. Banks often require compilations from an independent CPA as part of its lending covenants.
- Reviews are more comprehensive than a compilation. The CPA will include performance of analytical procedures and inquiries of the company’s management to express limited assurance that your financial statements conform to Generally Accepted Accounting Principles (GAAP). A review involves the CPA’s technical expertise without incurring the work and expense involved with an audit.
- Audits provide the highest level of assurance by the CPA on whether the financial statements are fairly stated and free of material misstatements. It requires the CPA to perform many methodical tests and includes confirmations from a sample of your customers and vendors. Public companies are required to have an annual audit, but there are other cases when a third party wants one, for example a government agency granting you a contract, or a potential buyer of your business.
Gary Kaplan is licensed in Florida, Utah, Maryland, and Washington D.C. to prepare all levels of financial statements in accordance with Generally Accepted Accounting Principles (GAAP) for use by banks, investors, and other third parties. Ask us which report may be right for you.