HGBROWN

Services For Individuals - Estate Planning

The list of considerations for estate planning is endless: state taxes, bureaucracy, probate courts, unfair appraisals, health care concerns, eligibility of heirs, life insurance, IRA's, 401K's, annuities, burial or cremation costs, and intent regarding death postponing treatment, to name a few. Not knowing your legal and financial rights often ends up costing you more in the end.

Thoughts of estate planning often bring more questions than answers: Could an heir be too young to inherit? Should the inheritance be given at a certain age? Is the intended beneficiary in a shaky marriage with divorce as a possibility? Are there children from a previous marriage? Should inheritance be protected from potential creditors of the heir? Are there taxes that can be avoided? Are you able to avoid the probate court rules, delays, and costs?

Planning what happens to your estate when you're gone can seem frustrating and intimidating without qualified assistance. You may feel that you're too young to care about estate planning. Or, perhaps the reminder of death makes you uncomfortable. You might be tempted to put the whole thing off, assuming that it will just take care of itself. In all cases, estate planning ends up saving your family lots of time, heartache and money.

Business Services - Comprehensive Solutions

Small Business Accounting: Depending on your size, volume and needs, we can customize our services to fit your business. Whether we provide monthly, quarterly or annual financial statements for you. We can also customize whether we process your accounts payable for you or check your coding. We work with many types of industries and sizes from sole proprietors to larger corporations. We are here to work for you and make your job easier.

QuickBooks: We are QuickBooks Pro Advisors and can help you learn the program, help you set up the program or help you fix items in the program. Training is on a one-on-one basis and is per hour. We can assist with choosing the best QuickBooks version fit for your business, obtaining the online subscription, in person or remote training tailored to specific needs, setting up beginning balances and chart of accounts based on your industry, assisting with bank connection and downloading of transactions, entering bills and invoicing customers, training on processing payroll, reconciling and cleaning up discrepancies, inventory management, generating monthly reports, and data cleanup.

Compilations: In compiling financial statements for a client, we present information that is the "representation of management" and expresses no opinion or assurance on the statements. Compilations don't require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.

Bank Financing

Our business plans allow a greater chance for you to get the financing your small business needs. It includes:

• Executive Summary: Where we concisely state the purpose of the loan, the exact amount of money required, an explanation of what the loan will be used for and why it's needed.
• Pro-forma Cash Budgets and Financial Statements: We use your data and underlying assumptions to prepare information that your banker can easily read and understand.
• Owner's Personal Financial Statements: We calculate your net worth to show the lender your assets and liabilities in an easy to read format.

New Business Formations

Our firm helps you get started with your new business by:

• Creating the entity with the State
• Getting the EIN from the Internal Revenue Service
• Making any elections with the Internal Revenue Service that are required
• Ordering your corporate book with the necessary documents

Non-Profit Organizations

We can help you set up your non-profit and prepare the necessary Internal Revenue documents to become a qualified charity. Our firm is well versed in non-profits and can do your accounting and financials as well.

Tax Services - Comprehensive Tax Solutions

Tax Preparation: Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional.

Our Certified Public Accountants and tax professionals not only review the returns for accuracy but also may identify potential problems the IRS may look at more closely which could limit IRS correspondence. Your tax return can be electronically filed allowing you to get your refund back quicker and eliminate mailing. If you get large tax refunds, we can show you how to adjust your payroll withholding to get more money back each paycheck instead of a large check once a year. We will show you potential deductions to minimize your tax liability for the next year through planning.

If you own a small business and haven't kept up your bookkeeping, let us help you. We'll assist with your bookkeeping; prepare your business tax returns, as well as your personal income tax return. We also advise you how to set up a system that allows you to organize and maintain your books for next year.

Tax Planning: We can look at your tax situation before the year ends to see where you may be able to avoid tax and/or penalties. We can see how an event impacts your current year taxes so that when you file your taxes, you will be prepared.

Tax Problems: Our firm will assist you with any tax issues you may have including:

• Internal Revenue Service tax audit
• Department of Revenue sales tax audit
• Payroll issues
• Non-filing of returns
• Offer-in-compromise
• Installment agreement
• Non-collectible status

Certified Fraud Examiners - Fraud Prevention & Detection

CFEs and CFFs are trained to identify the warning signs and red flags that indicate evidence of fraud and fraud risk. CFEs and CFFs around the world help protect the global economy by uncovering fraud and implementing processes to prevent fraud from occurring in the first place.

These certifications offer anti-fraud knowledge and skills you need to:

• Investigate allegations against one of your employees
• Recommend strong anti-fraud internal controls
• Conduct interviews related to sensitive issues
• Provide assistance with financial dispute resolution
• Resolve irregularities discovered during your company's audit
• Provide expert testimony on financial and investigative matters

CFEs and CFFs are knowledgeable in four areas critical to the fight against fraud:

• Fraud Prevention and Deterrence: Implementing effective controls and policies
• Fraudulent Financial Transactions: Identifying and analyzing suspicious activities
• Fraud Investigation: Conducting thorough examinations and gathering evidence
• Legal Elements of Fraud: Understanding legal requirements and implications

HOA & Condo Services

Assurance Services: Compiled Financials – A compilation involves placing financial data obtained from the association into a financial statement format. The CPA does not express an opinion or any other form of assurance on the financial statements.

Tax Services: Our specialized service streamlines the preparation and filing of 1120H and 1120 tax returns for homeowner and condominium associations. We ensure compliance, maximize deductions, and simplify the tax process, alleviating financial stress for your community. Trust us for accurate, hassle-free solutions.

Due Diligence Services

Elevate your business transaction with our due diligence services. This can empower you to make informed decisions. Whether you're entering a new partnership, acquiring assets, or pursuing investments, we provide an assessment of financial and operational aspects, identifying potential risks and opportunities. Our report offers valuable insights and enables you to negotiate effectively and mitigate unforeseen challenges. Trust us to safeguard your interests and drive your business forward with confidence.

• Confirm and verify information discussed in the initial deal
• Identify issues to potentially avoid a bad transaction
• Obtain information critical to informed decisions