Business Advisory

A compilation presents financial information supplied by management and provides no assurance. A review uses inquiries and analytical procedures to provide limited assurance. An audit provides reasonable assurance and a written opinion, based on audit evidence. The organization requesting your statements usually specifies the service it requires.

Your lender usually specifies whether it needs compiled, reviewed, or audited financial statements. We scope the engagement around the stated requirement. If that requirement is unclear, it should be confirmed before work begins.

Our in-house audit and assurance team performs the work. David remains available to discuss the business and tax questions that arise.

Timing depends on the engagement and the condition of your records. We review your deadline, available records, and any cleanup needed before agreeing on the scope and expected schedule.

Fees reflect the number of entities, the type of engagement, and the condition of the books. We agree on the scope and fee in an engagement letter before work begins. The initial consultation is free.

Yes. Our audit and assurance practice performs reviews and audits for nonprofit organizations. Tax & Accounting handles nonprofit bookkeeping, Forms 990 and 990-T, and 501(c)(3) applications.

The decision depends on expected profits, reasonable compensation for an owner’s work, payroll costs, and state tax rules. We compare the tax implications and review eligibility and Form 2553 filing requirements before recommending an election.

Yes. Tax & Accounting covers bookkeeping, financial statement preparation, and individual and business tax returns. Business Advisory covers audits, reviews, compilations, and new business formation.

Business decisions about compensation, distributions, and entity structure can affect an owner’s personal finances. David can coordinate those tax considerations with investment planning in his role as an investment advisor representative through Archer Investment Corporation.