We believe that your long-term success is dependent on working with professionals who care as much about your organization as you do. Our team is committed to helping clients reach their goals and objectives and strive to meet each client's specific needs in planning for the future in an ever-changing financial and regulatory environment. Our professional services include:
- Accounting Services
- Financial Statements: Audits, Reviews, and Compilation
- Financial and Retirement Planning
- IRS Representation
- QuickBooks Accounting Help and Assistance
- Financial Projections and Forecasts
- Mergers, Acquisitions, and Sales
From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Our 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:
- General ledger and financial statement preparation
- Bookkeeping (Monthly, quarterly, or annual)
- Accounting system setup and support
- Payroll processing
- Cash flow budgeting and forecasting
- Personal financial statements
- Employee benefit and profit-sharing plans
- Corporate tax planning and return preparation
- Litigation support
Tax Management Services
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. This requires careful, advance planning rather than preparing tax returns as deadlines near. Our expertise, experience, analysis and thorough research allow us to optimize opportunities and provide complete tax services, paying careful attention to your unique circumstances and plans for the future.
We are knowledgeable and up to date on the tax laws and can make sense of those stressful letters and notices from IRS and State taxing authorities.
We service a diverse group of clients including individuals, Form 1040, businesses, Form 1120, Form 1120-S and Form 1065, non-profit organizations, Form 990 and benefit plans, Form 5500 and all related schedules.
Financial Statements: Audits, Reviews, and Compilation
We support financial statement services comprising 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.
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 plan of ownership. For individuals, it can preserve and protect your family financial assets. Our 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 protect and execute their estate so as to avoid complications and to be certain 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.
Financial and Retirement Planning
It is our desire to help you reach your financial freedom and maintain financial independence through a comfortable retirement. We can assist your financial planning advisors through the decision-making processes of asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, and tax, estate, and business succession planning. Whether developing an investment strategy or evaluating current investments, we can assist your investment advisors 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.
Litigation Support and Forensic Accounting
Our 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 as well as our experience in the courtroom, we can assist in the analysis of records and transactions and get the answers needed for your unique situation.
Professional representation is VITAL during an IRS or State examination (audit), and our many years of 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 concerns at ease. We are ready and willing to represent you, answer questions the IRS may be asking, and in the analysis and discussions of possible adjustments proposed by the taxing authorities.
Entity Selection and Restructuring
Your choice of business entity structure has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, our professional team can advise you on choosing an entity type best suited for you, and later restructuring it if advantageous. With our knowledge, experience and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.
QuickBooks Accounting Help and Assistance
QuickBooks and other similar accounting software programs 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.
We can 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 tasks, but need an accounting expert to review your transactions, accounts and reports. Our comprehensive 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 or quarterly reviews provide you with up-to-date information and feedback about your business.
Our own payroll division V&T PayKeeper will help you avoid the precious time spent and errors on payroll administration. Our specialists will facilitate the processing of your payroll, the timely payment of all federal, state and local employment taxes and the preparation of all employment tax returns.
Financial Projections and Forecasts
No one can predict the future perfectly, but we can all benefit from planning for it. Vlahantones & Tangalos, P.C. 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.
The range of needs for valuing businesses continues to widen, and Vlahantones & Tangalos, P.C. can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest. Uses for this service include estate planning and compliance, buying and selling businesses, divorce matters, family limited partnerships and ESOPs. There are so many factors that contribute to the perceived value of a business. Our expert help can help you evaluate entities that you have an interest in and guide you towards making business decisions that you feel confident with.
Mergers, Acquisitions, and Sales
Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, Vlahantones & Tangalos, P.C. can provide professional know-how to help you successfully structure and negotiate the deal. Vlahantones & Tangalos, P.C. 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.