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CPA Services
Scroll Over a topic below to learn more about
the Services KKCPA offers.
Click Here for Non-routine Services
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Tax Preparation
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- Individual Income Taxes - Form 1040, federal and state income taxes
- Business Income Taxes - Form 1120, 1120-S, 1065, federal and state income taxes
- Fiduciary Income Taxes - Form 1041, trust income tax returns
- Estate Income Taxes - Return preparation
- Nonprofit Informational Returns - Return preparation
- Pension Informational Returns - Form 5500 preparation
- Employee Benefit Returns - Form 5500 preparation
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Financial Reports
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- Monthly Financial Reports - Preparation of monthly financial statements including the balance sheet, income statement, statement of retained earnings, and statement of cash flows.
- Compilations - Basic presentation of financial statement information without assurance as to the statements’ accordance with GAAP.
- Review - Presentation of financial statement information with some assurance as to the statements’ accuracy but without a full CPA examination in accordance with GAAP.
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Auditing - Official inspection of accounting records and procedures to verify accuracy and validity of financial statements.
- Financial - Auditing of financial statements for privately held companies to ensure compliance with GAAP.
- A-133 - Auditing for organizations spending $300,000 or more in federal funds to ensure compliance with government regulations.
- HUD - Auditing for lenders doing business with HUD to ensure compliance with government regulations.
- Bank Loan Processing Reports - Statements for obtaining information on bank loan processing, including pro forma balance sheets, statement of monthly cash flows, and loan disbursement reports.
- Custom Financial Statements - Preparation of financial statements including more detailed analysis through graphs and charts.
- Personal Financial Statements - Preparation of personal financial information including a statement of net worth.
- Budgets - Projection of financial information for future periods.
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- Periodic Accounting Oversight and Review- Quarterly, Semiannual or Annual review of accounting system and financial statements.
- Chief Financial Officer Services - Routinely scheduled high level accounting services.
- Temporary Staffing Services - Contract bookkeeping services while your company is searching for new employee bookkeeper.
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- Management Advisory Services- Consult on various management functions such as: pricing, lease vs. buy, employee vs. contractor, compensation, personnel, marketing, expansion, performance.
- Management Information Systems - Consult on bookkeeping, contact management, scheduling, database management, computers, home office and digital assistants.
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- Midyear Income Tax Planning - Projecting the year-to-date financial statements out to the end of the year and then estimating taxes so as to implement strategies far enough in advance to be effective.
- Year End Income Tax Planning- Similar to the midyear projection but utilizes a more accurate projection and focuses more on yearend activities.
- Retirement Planning- Analyzes methods of capital accumulation for the purpose of retirement spending.
- Estate Planning- Analyzes and recommends methods of reducing or eliminating estate taxes and transferring estate assets to desired beneficiaries upon death.
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- Board Advisor - Be a resource to the board concerning the company's technology, tax and financial matters.
- Board Member- Be involved in the decision making process for technology, tax and financial matters.
- Board Meetings - Personally plan and/or participate in board meetings.
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Armed with a thorough understanding of your company's objectives and operational structure, On-Site CFO designs and implements an action plans that will inspire success in:
- Business structure and company incorporation
- Business and financial planning
- Operational analysis
- Banking/financing relationships
- Due diligence projects
- Mergers and acquisitions
- Accounting and MIS system recommendation and implementation
- Non-executive director services
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Business Planning
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- Business Plans - Simple budgets to full-blown business plans covering: product, price, promotion and place.
- Startup- Provide advice on the basic aspects of starting a business, such as: Entity Selection, Organizational Papers, Insurance, Bookkeeping, Marketing, Budgets, Owner Compensation.
- Valuation- Provide valuations for buying or selling a business based on cash flow analysis and industry specific formulas.
- Acquisition- Analyze the cash flow and overall synergy of combining two companies into one operation.
- Conversion- Analyze tax and operating benefits of keeping current business structure versus converting to entity type.
- Successorship- Assist in planning and implementation of transitioning ownership of the company
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Government Filings
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- Government Census Report - Department of Commerce census requesting information about your business operations.
- Incorporation Filings- Filing of Articles of Incorporation and associated identification numbers appropriate for newly formed businesses.
- Corporate Annual Report- Annual update of officers, shares and address submitted to the Secretary of State.
- Miscellaneous 1099 Forms - Annual filing of payments made to non-incorporated independent contractors who are paid more than $600.00.
- Property Tax Reports - Annual reporting of personal property used in the business subject to local government taxation.
- Sales Tax Forms- Monthly filing of sales taxes collected on taxable sales.
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Payroll Services
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- Quarterly Payroll Reports - 941, SUTA and WT-6
- Year End Payroll Reports - W-2, W-3, 940 and WT-7
- Government Payroll Notices & Inquiries - Resolution of government penalties and notices
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Audit Function
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- Income Tax - Representation before the Federal or State Government concerning the filing of tax returns.
- Financial Statement - Attesting to the fairness of a financial report in its accurate representation of a business' financial operations in accordance with Generally Accepted Accounting Principles.
- Compliance - Checking to see if certain aspects of the business operations are in compliance with governmental laws or contractual agreements.
- Internal Operations - Checking information systems for accuracy, relevancy and efficiency.
- Workers Compensation- Verification of total compensation for each industry specific job classification that employees and outside contractors work.
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- Accounts Payable- Setup of vendor database, expense categories, and payment process.
- Accounts Receivable- Setup of customer database, income categories and collection process.
- Billing - Setup invoice items, invoice layout and invoice cycle.
- General Ledger- Setup and memorize special journal entries and report layouts.
- Inventory Control - Setup inventory items and inventory control cycle.
- Job Costing - Setup system to allocate specific income and expense items to specific customers or jobs for performance reporting purposes.
- Order Entry - Setup purchase order system and associated automated interface with inventory and accounts payable.
- Payroll - Setup employee files and payroll processing cycle including paying employees, withholding taxes and pretax.
- Time Billing - Setup employee time tracking for automated customer time billing
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