Services
Newman & Company, CPAs provides a wide range of services to individuals and businesses in a variety of industries. At Newman & Company, CPAs, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Our professional services include:
From start-ups to established enterprises,
businesses rely on accurate and insightful financial information in order to maintain profitability
and capitalize on new opportunities. Newman & Company, CPAs's accounting services steer you closer to these goals with
accurate record-keeping and reporting as well as support on financial issues.
These services include but are not limited to:
- General ledger
and financial statement preparation
- Bookkeeping (Monthly, quarterly, or annual)
- Cash flow budgeting and forecasting
- Personal
financial statements
- Corporate tax planning and
return preparation
- Litigation support
- Cost Containment
We can set up financial reports for your view to streamline your business and save your valuable time. These reports are important tools that can guide your business in making financial decisions, planning, and evaluating performance.
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Assurance and Advisory Services
At Newman & Company, CPAs, we focus on building close client relationships
that add long-term value. This includes assuring the solidity of financial records, evaluating
financial procedures and working to produce strategies that help our clients face the myriad challenges
of business planning and execution. Our clients benefit from objective analysis to assist in controlling
costs, increasing efficiency, and implementing new technologies and procedures that take advantage of
changes in the marketplace, accounting standards, and tax law. Our assurance services will improve information quality or its context, meaning more success for your business.
These services include but are
not limited to:
- Audits, reviews, and compilations
- Entity selection and restructuring
- Accounting software selection and support
- Business valuations
- Financial projections and forecasts
- Debt and finances advising
- Mergers and acquisitions
- Transaction structuring and negotiations
- Business succession
- Cost Segregation Studies
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Audits, Reviews, and Compilations
Newman & Company, CPAs's financial statement services comprise
all three levels of assurance depending on your company's needs.
- Audits offer
the highest level of assurance to third parties, and include in-depth examination and confirmation
of account balances, inventories, and selected transactions. We perform audits for you to remove errors, ascertaining the validity and reliability of your information.
- Reviews provide limited
assurance to outside interests and involve inquiries and analytical procedures that confirm financial
statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.
- Compilations are
usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.
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Accurate record-keeping is essential to a successful
business yet can also be complicated and time consuming. Newman & Company, CPAs can help you with the organization and
day-to-day tasks of bookkeeping so that you can focus on your core business.
We can perform these services on a monthly, quarterly or annual basis.
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Cash Flow and Budgeting Analysis
Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Newman & Company, CPAs can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, rebalance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.
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Newman & Company, CPAs now provides Cost Segregation Studies to enhance our clients' cash flow through accelerated depreciation deductions for tax purposes. Owners of real estate can lower their tax liability through a Cost Segregation Study on their new building or real estate acquired within the past three years. We combine significant tax expertise in this area with an engineering based approach to Cost Segregation that is the preferred methodology accepted by the IRS.
We can also perform a study to recapture overlooked depreciation from prior years that may result in significant tax savings.
Please give us a call if you have or plan to make any real estate acquisitions to maximize your tax savings in this area.
Request information about Cost Segregation Studies below
Whether your needs are corporate or personal, Newman & Company, CPAs's professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments and/or reduce the total amount of interest paid. Restructuring your debts can also result in tax deduction savings. Even if you are able to handle the payments and the amounts of your current debts, our expertise may be able to save you money and/or lower your payments.
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Elder and Affluent Individual Financial Services
Newman & Company, CPAs can provide services to families that are facing issues related to members of their families that need help with daily financial matters to remain independent. These services include but are not limited to paying bills and conducting routine financial transactions and monthly reconciliation of bank accounts.
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Employee Benefits, Pension, and Profit-Sharing Plans
Choosing benefit plans for your employees is often a complex process. Newman & Company, CPAs can help you analyze and develop your benefit, retirement, and profit-sharing plans with an eye toward rewarding your employees and reaching your company's financial and business goals. We can also help maximize tax advantages in implementing these plans. As your business grows, your business and your employees will be rewarded for the hard work that contributed to the success of your business.
Request information about Employee Benefits, Pension, and Profit-Sharing Plans below
Entity Selection and Restructuring
Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Newman & Company, CPAs can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.
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Estate and Trust Planning and Tax Preparation
Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Newman & Company, CPAs's role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well thought out plan as to how to disburse one's estate so as to avoid complications and to be sure wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don't have any complications to deal with during a time of loss.
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Financial and Retirement Planning
Newman & Company, CPAs's goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. We can guide you through tough decision-making processes such as college education funding, retirement plans, insurance, and tax, estate, and business succession planning. Whether you are developing an investment strategy or evaluating current investments, Newman & Company, CPAs can ensure that your portfolio will take into account tax implications for an advantageous after-tax return. The road to retirement is a long one and we can help you to take the proper steps to reach your goals.
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Financial Projections and Forecasts
No one can predict the future perfectly, but we can all benefit from planning for it. Newman & Company, CPAs combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models.
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Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal, state, and local agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.
Our services may include but are not limited to the following:
- Representation on all levels of taxation: Federal, State, and Local
- Assistance in resolving tax disputes
- Obtaining an Offer in Compromise
- Structuring Payment Plans
- Handling Government Audits
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Litigation Support and Forensic Accounting
Newman & Company, CPAs litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, business valuations, business and marital dissolutions, and bankruptcies. These services can involve quantification of economic loss or damages, analysis of financial records, and fraud and theft investigation. Financial and personal records are often vast and confusing to sort through. With our professional training in this matter, we can make sense of these records and transactions and get to your bottom line.
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Mergers, Acquisitions, and Sales
Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, Newman & Company, CPAs can provide professional know-how to help you successfully structure and negotiate the deal. Newman & Company, CPAs employs careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right business decisions for your business for optimum success.
- Read and provide input on purchase agreements
- Review current and historical tax returns and financial statements
- Assist with tax strategies on allocation of purchase price
- Forecast financial viability of the acquisition
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Newman & Company, CPAs's payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.
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QuickBooks Accounting Help and Assistance
QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.
Newman & Company, CPAs offers the following solutions to help meet your QuickBooks needs:
Personal Training- We train you personally! Either one-on-one or several individuals within your organization at your company's location.
Setup- We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.
Support- Our QuickBooks support service can assist you with any setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.
Review- Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.
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At Newman & Company, CPAs, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.
The following Federal, State, and Local returns (when applicable) are routinely completed by our Firm:
- Individuals
- Partnerships
- Corporations
- S-Corporations
- Limited Liability Companies (LLC)
- Non-Profits
- Fiduciaries (Trusts)
- Estates & Gifts
- Pension and Profit Sharing Plans
