Shaul & Desmond PLLC provides a wide range of services to individuals and businesses in a variety of industries. At Shaul & Desmond PLLC, 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:
Audits offer the highest level of assurance to third parties, and include an in-depth examination and confirmation of account balances, selected transactions, and internal controls. An audit may be conducted for disclosure, compliance, taxation, legal, or other purposes. Shaul & Desmond, PLLC has the experience and the necessary skills to perform an audit for your organization and provide your organization with timely feedback and solutions to any deficiencies.
Forensic Accounting Services
Shaul & Desmond PLLC provides proactive forensic accounting services, typically to closely-held companies and organizations, and has staff on hand that are certified fraud examiners to evaluate your accounting records and internal controls, with the goal of identifying any potential problems or issues within the transactions or within the controls of your organization. While not able to provide absolute assurance that no fraud exists, these engagements help companies and organizations before a problem materializes by providing an objective outside review by CPAs specializing in the field of fraud. The outside review also acts as a deterrent which strengthens the organization’s internal control environment.
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. Shaul & Desmond, PLLC has the experience and the necessary skills to perform a review for your organization and provide your organization with timely feedback and solutions to any deficiencies.
At Shaul & Desmond PLLC, 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. We prepare income tax returns for individuals, partnerships, LLCs, corporations, non-profit organizations, estates, and trusts.
Professional representation during IRS audits can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state 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.
At Shaul & Desmond, PLLC, we recognize that many growing businesses need the advice and support of a financial professional from time to time without the additional expense of hiring a full time CFO or controller. Shaul & Desmond PLLC offers outsourced CFO and controller services for businesses in need of support with issues like strategic planning, financing, oversight of accounting personal, budgeting, and other needs such as preparing the organization for an external audit. With the guidance and support of a professional financial manager, you will begin to make better decisions, clarify your business plans and free up valuable time to grow your business, all for less than hiring a full time CFO or controller.
At Shaul & Desmond, PLLC, we focus on building close client relationships that add long-term value. From your company's inception through its growth and development, Shaul & Desmond PLLC 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. 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.
These services include but are not limited to:
Cash Flow and Budgeting Analysis
Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Shaul & Desmond PLLC 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, re-balance 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.
Financial Projections and Forecasts
No one can predict the future perfectly, but we can all benefit from planning for it. Shaul & Desmond PLLC 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.
Debt and Finance Advising
Whether your needs are corporate or personal, Shaul & Desmond, PLLC’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. Re-balancing 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.
Mergers, Acquisitions, and Sales
Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, Shaul & Desmond PLLC can provide professional know-how to help you successfully structure and negotiate the deal. Shaul & Desmond PLLC 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.
From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Shaul & Desmond, PLLC's accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.
These services include but are not limited to:
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.
Shaul & Desmond PLLC offers the following solutions to help meet your QuickBooks needs:
We train you personally! Either one-on-one or several individuals within your organization at your company's location.
We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.
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.
Our QuickBooks support service can assist you with any installation, 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.
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.