Emerging businesses with outside investors or companies with greater requirements for bank financing may need audited financial statements. The designation of an audit is the opinion of the independent CPA, that the financial statements are fairly stated and follow generally accepted accounting principles. In such an engagement, internal accounting controls are evaluated to determine the extent of transactions to be tested and confirmation with outside parties are utilized.
Regardless of the situation, those we serve benefit greatly from our client service teams' years of diverse business experience. Through analysis and knowledge of our clients' businesses we are able to detect existing or potential problems that often, client management may not be able to ascertain. As a result of an association with an independent CPA, clients not only realize increased productivity, but also credibility.
In a review, analytical techniques are utilized to determine if material modifications of financial statements are necessary. In a closely held company, reviewed financial statements may satisfy certain lenders' or credit rating organizations' requirements.
A compilation may be necessary in a start-up situation or for mature companies on a quarterly, sometimes even an annual basis. Presentation, selection of appropriate accounting methods and disclosure is the goal. Many times a company's creditability is enhanced by association with an independent CPA in spite of no opinion by the CPA on compiled financial statements.
Each and every individual client has needs specific to their company's fiscal goals. At Vestal & Wiler, we understand the need for careful and accurate analysis of every unique company and client we serve. Whether it is a compilation, review, or audit, each is appropriate depending on the circumstances at hand.
Known for being progressive and innovative, we are always looking for tax planning opportunities that will best benefit our clients. Pointing out tax planning opportunities consistent with your goals of minimizing your federal, state, and local tax burden, maintains a consistency of service that we strive to meet. Additionally, our specialists can help you plan for ways to reduce your ad valorem and sales taxes, as well as working with you toward understanding your business and personal tax situation with more clarity.
Vestal & Wiler will work with you every step of the way, maintaining contact throughout the year to ensure that you make the best fiscal choices during the planning stages, fully advised of the tax effects of any transaction. Working with you, we will develop the strategies to integrate your business tax planning with your own personal tax objectives in mind. Taking all of that into account, we will then help you, your family and your management team to meet those goals.
Our Tax Planning and Compliance Services Include:
- Corporations and S Corporations
- General and Limited Partnerships
- Limited Liability Companies
- Estates and Trusts
- International Tax Planning and Compliance