| Accounting Services |
| Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:
*General ledger and financial statement preparation
*Bookkeeping/write-up (Monthly/Quarterly/Annual)
*Accounting system setup for new businesses
*Tax return preparation (business, sales and use, and payroll returns)
*QuickBooks installation and maintenance |
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| 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 - an intensive 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 |
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| QuickBooks Installation and Maintenance |
| With over one half of all small businesses currently using QuickBooks for internal accounting we have developed a team of professional advisors certified by Intuit to assist in the installation and monitor the ongoing effectiveness of your system. We provide installation and training services for your staff to insure that the accounting software is operating efficiently while providing management with meaningful reporting. |
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| Financial Forecasts and 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. |
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| Cash Flow and 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 financing requirements, and track cash-flow sources and uses. |
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| Tax Services |
| We prefer to take a proactive approach to tax services, and view tax planning as an essential element in the preparation process. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year.
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, trusts, estates, and not-for-profit organizations. Services offered include but are not limited to:
*Tax planning and return preparation for individuals, corporations, partnerships, limited liability companies, estates, trusts and not-for-profit organizations.
*Representation before the Internal Revenue Service and state tax authorities.
*Tax effects of buying/selling a business(see “Buying and Selling a Business,” below). |
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| Estate and Trust Tax Preparation |
| Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your family, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order. |
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| IRS and State Tax Authority Representation |
| During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies. |
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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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| Employee Benefit Plans and Benefit Plan Audits |
| The accounting and tax issues involved with employer-provided benefit plans can be overwhelming. We can assist with the development, implementation and accounting services for your employee benefit plan. We also provide expert audit services tailored to employee benefit plans. |
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| Financial Planning |
| A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security. |
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| Wealth Management |
| We assist our clients in reaching their long term financial goals by working with you and coordinating the efforts of your other advisors to provide:
*An estate plan that achieves your tax, financial and family goals.
*Creative income tax planning strategies, including the use of qualified retirement plans.
*College funding strategies, including Section 529 plans, Coverdale plans, Education IRAs and other long-term saving/investment vehicles.
*Insurance and asset protection strategies appropriate to your situation. |
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| Retirement Planning |
| Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years. Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs, IRAs, Roth IRAs, etc.) can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of retirement plan that will best serve the retirement needs of you and your employees. |
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| Business Succession Planning |
| Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company's day to day operations. With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan. |
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| Investment Review |
| As you develop your investment strategy, we will act as your sounding board. We can help you and your investment advisor build an investment portfolio that takes into consideration the impact of taxes and produces a favorable after-tax return. |
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| Human Resources Consulting |
| Whether you have 5 employees or 500, you are affected by continuously changing employment regulations and laws, increasingly cumbersome administrative headaches associated with employee benefits, difficulty finding the right employees, and the risk of litigation. As an employer looking forward to future growth and development, it is important to have a strategic plan to recruit and retain the key people you will want to manage your organization's future. Those companies who succeed in hiring and retaining the perfect mix in human capital to guide and strengthen their businesses will have a competitive advantage that will be hard to beat. Steinberg Advisors, Ltd. Human Resources Group can help you develop the strategies and systems to deal with all your human resources issues—so you can get back to running your business. |
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| Mergers and Acquisitions |
| Finding the right business partner for your company can be a difficult task. We can assist you in the merger or acquisition process by assessing such critical elements as tax considerations; product/service compatibility; competitive tactics and position; financial impact; and cash flow considerations. |
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| Buying and 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 or disposition process by addressing such issues as cash flow analysis and tax considerations. |
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| Financing Consulting Services |
| Debt management and the evaluation of financing options are issues that an experienced professional deals with every day. Let us help you determine the most appropriate of financing to meet your company’s needs, prepare supporting documentation, identify sources of funding and help in negotiations. |
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| Consulting Services |
| We gauge our worth by the personal and business successes of our clients. We can help your business identify areas impacting 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. The following are a few of the areas in which we provide consulting services:
*Type of entity selection
*Buying and selling a business
*Financial and retirement decisions
*Strategic planning
*Establishing an organizational structure
*Long- and short-term goal setting
*Accounting systems
*Production controls
*Management advise and counsel |
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| Forensic Accounting |
| We use accounting and auditing skills to provide an analysis of financial records in conjunction with dispute resolutions, fraud investigations and divorce and support issues. Our damage measurement methods can determine the extent of financial loss and improper accounting practices; our litigation support service provides preparation assistance and credible expert witness testimony. |
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