Chase and Associates CPAs, PC
Financial Advisors and Accountants
Client Services

Accounting and Auditing

Accounting and Auditing

                                  

Some important aspects of CHASE AND ASSOCIATES CPAs, PC's accounting and auditing services are: fi­nancial and com­pliance and re­views and compila­tions of finan­cial state­ments

 

Audits:

Audits are performed for the purpose of expressing the Firm's professional opinion of an orga­nization's fi­nancial statements. 

 

Reviews:

The purpose of a review is to express limited assurance on conformity of financial state­ments with generally accepted accounting principles.  The pro­cedures employed are substan­tially less comprehensive than those employed in an audit.

 

Compilation:

In a compilation, CHASE AND ASSOCI­ATES CPAs, PC puts the financial in­for­mation supplied by the client into the form of financial stat­ements.  How­ever, the Firm gives no expres­sion of as­sur­ance on them.

 

Use of the Financial Statements:

After preparing a financial sta­tement, the Firm can use the information to analyze the clie­nt's business and plan practical financial strategies.

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Accounting Services

Audits, Reviews and Compilations

Chase and Associates CPAs, PC  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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Audit Services

We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. Audits differ from reviews and compilations, as they are an intensive examination of your company's systems and records providing the highest level of assurance.

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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. Compilations differ from reviews and audits as they are based upon client information provided and used primarily for internal use only as no assurance is expressed.

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Accounting Services

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot 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:

  • Financial statement preparation
  • General ledger & Bookeeping (Monthly/Quarterly/Annual)
  • Accounting system setup for new businesses
  • Computerized payroll services
  • Business tax return preparation (Sales & Use/Business Property)
  • Personal financial statements
  • Litigation support

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Financial Statements

We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.

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Bookkeeping/Write-Up

Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff  at Chase and Associats CPAs, PC can assist you with the day-to-day tasks associated with bookkeeping.

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Reviews & Compilations

We at Chase and Associates CPAs, PC view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency.

  • Reviews - usinh some analytical procedures and with limited assurance
  • Compilation - based upon client information provided and used primarily for internal use.

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Management Advisory Services

Management Advisory Services

CHASE AND ASSOCIATES CPAs, PC helps its clients use their own capabilities and resources to increase efficiency and achieve their objec­tives.  The Firm ac­complishes this by applying its technical knowledge and busi­ness experi­ence to its clients' ch­anging needs and goals.

 

Computer Services:

The Firm can help its clients with their initial hardware de­cisions, provide systems analy­sis, set up new systems and provide training in software and hardware use. 

 

Cash Management:

By using a client's financial statement, CHASE AND ASSOCIATES CPAs, PC can forecast its cash flow requirements and develop a plan for meeting those require­ments.  The Firm's goals are to improve the utilization of cash resources and enhance the rate of return on excess resources.

 

Cost Systems and Controls:

As management advisors, CHASE AND ASSOCIATES CPAs, PC can id­entify, evaluate and recommend ways to increase revenue and reduce operating costs.  The Firm can also analyze a clie­nt's operations and suggest changes in its accounting con­trol struc­ture, help define individual responsibilities, prepare recom­mendations and programs on in­creasing effi­ciency, and provide advice and technical assistance with the implemen­tation of chan­ges.

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Other Services

Other Services

 CHASE AND ASSOCIATES CPAs, PC provides many oth­er services to its cli­ents among which are: personal litigation, estate pla­nning, personnel ser­vices, and strategic planning.

 

Personal Litigation:

CHASE AND ASSOCIATES CPAs, PC can pro­vide help in divorce settlements, property settlements and bankruptcy, as well as serve as an expert witness.  The Firm can also help in establishing prop­erty values and give accounting and income tax advice in all personal litigation situations.

 

Estate Planning:

CHASE AND ASSOCIATES CPAs, PC helps its clients preserve the financial security that they have achieved through sound es­tate planning.  The Firm can help its clients draft a will, use trusts and the annual gift-tax exclusion, and prepare a decedent's final in­come tax re­turn and estate tax re­turn.

 

Personnel Services:

CHASE AND ASSOCIATES CPAs, PC provides a variety of personnel services aimed at helping clients hire the right person for the job and improving the performance of existing employees. 

 

Strategic Planning:

By analyzing a client's operations, finances and organization, CHASE AND ASSOCI­ATES CPAs, PC can help it develop a busi­ness plan.  The Firm then assists the client in setting goals to achieve their plan.

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Tax Planning and Preparation

Tax Planning and Preparation

                                         

CHASE AND ASSOCIATES CPAs, PC uses its experience in tax return prepa­ration to develop effec­tive tax planning techniques that often result in substantial tax sav­ings.  As tax advisors, the Firm can provide personal tax plan­ning, business tax advice, and repre­sentation before tax au­thori­ties.

 

Personal Tax Planning:

The Firm's in-depth understand­ing of com­plex tax rules and regulations can help individuals and families improve their tax position.  The Firm can analyze the tax bene­fits of in­vestment oppor­tunities or help clients prepare for their child­ren's educa­tions.

 

Business Tax Advice:

CHASE AND ASSOCIATES CPAs, PC gives sound tax and accounting advice for the organiza­tion, purchase, sale or merger of a business.  The Firm can  design compensa­tion and retirement strategies, give ad­vice on tax effects of various types of business organiza­tions, or help plan for a change in the business's accounting.

 

Representation:

The Firm can act as a client's representative before State and Federal tax authorities.  The professionals at CHASE AND ASSOCIATES CPAs, PC can serve as per­sonal represen­tatives, reply to corre­spondence concerning tax re­turns, or pro­vide explanations or documents in tax examinations.

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Tax Services

Estate & Trust Tax Preparation

Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, 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 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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Payroll Services

As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.

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Sales Tax Services

Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. Chase and Associates CPAs, PC  can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.

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Tax Planning

Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities.

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Tax Planning & Preparation

Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation.

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Tax Preparation

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.

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Tax Services

We at Chase and Associates CPAs, PC prefer to take a proactive vs. reactive approach to tax services. 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. Tax services offered include but are not limited to:

  • Tax planning & return preparation
  • - Individuals - Corporations - Partnerships - LLCs/LLPs - Estates, trusts & gift - Not-for-profit organizations
  • Taxing authority representation
  • Divorce and support issues
  • Tax effects of buying/selling a business

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Consulting Services

Retirement Planning

Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.

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Estate Planning

Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, 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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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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