Our firm provides personalized services to a wide variety of closely held businesses, non-profit organizations and individual clients, including:
- Casino and Gaming
- Mortgage Lending
- Medical Services
- Construction and Real Estate
- Manufacturing and Wholesale
- Employee Benefit Plans
Our partners and professionals maintain relevant industry knowledge which allows us to better understand our clients' businesses and the challenges they face. As a result we are able to provide proactive, valuable advice to our clients that are specific to their needs.
We offer our clients personalized quality service, including but not limited to:
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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:
- General ledger & financial statement preparation
- Bookkeeping (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
Audits, Reviews and Compilations
In the financial reporting process our role is 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
Clear, well-organized financial records ensure efficient business operations and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.
Cash Flow & Budgeting Analysis
A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses.
Financial Forecasts & Projections
Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals.
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 when making financial decisions.
We use accounting and auditing skills to provide an analysis of financial records in conjunction with dispute resolutions, as well as fraud and theft investigation. Our damage measurement methods can determine the extent of financial loss and illegal accounting practices.
In the financial reporting process our role is 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.
Business Entity Selection
Choosing the form of entity of your business ("S" corporation, sole proprietor, limited liability company, etc.) is a crucial decision that can have longstanding tax implications, both positive and negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.
Business Succession Planning
Effective coordination of the transition of your business to your successors is critical to ensure its continued success when you decide to remove yourself from the company's day to day operations. We are fully qualified to address the complex issues of business continuation and can help you develop a strategically sound plan.
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.
A properly structured financial plan enables you to face any financial challenges at any stage of 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.
Successful implementation and periodic review of your financial plan will help ensure financial independence during your working years and through retirement.
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to consulting with management, we provide comprehensive, flexible strategies that address the issues affecting your business.
Fraud Prevention & Detection
At Clark, Raymond & Company, our accounting and auditing skills allow us to analyze financial records for fraud and theft investigation. Our skilled professionals are equipped to discover any loss or illegal activity.
Pension & Profit Sharing Plans
Qualified retirement plans (defined-contribution or defined-benefit plans, Keoghs, SEPs, etc.) can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.
Management Advisory Services
Even the most qualified managers can benefit from competent, objective feedback. We can help your company's management team develop long-term objectives and specific strategies to facilitate your business' future growth and success.
Buying & Selling a Business
Properly structuring the purchase or sale of a business is critical for financial success. Our competent professionals have experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.
As you develop your investment strategy, we will act as your sounding board. We can help you and your investment advisor build an investment portfolio that takes into consideration the impact of taxes and produces a favorable after-tax return.
Debt & Financing Services
Debt management and the evaluation of financing options are issues that an experienced professional deals with every day. We can assist you in securing financing for your personal or business needs or consolidating your current debt to a more manageable level.
Personal and business success of our clients is our goal. We can help identify areas that negatively affect profitability and growth, and develop solutions that are practical and technically sound. In addition tostrategizing with management, we provide comprehensive, flexible options that address the issues affecting your business. Someof the areas in which we provide consulting services include:
- Accounting software selection and implementation
- Type of entity selection
- Business valuations
- Buying/selling a business
- Computer systems
- Financial & retirement decisions
- Estate, trust & gift planning
Accounting Software Selection & Implementation
With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting one that is right for you has become increasingly difficult. As accounting professionals, we are exposed to most programs through trade journals and actual use. Our experienced staff can help you choose and implement the system that best fits your needs.
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.
During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can assure our clients they are being properly represented before the various federal and state tax agencies.
As a business grows, it must hire more employees, which can result in increased payroll administration. Clark, Raymond & Company can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Wecan also prepare all necessary payroll tax returns in a timely manner.
Sales Tax Services
Many of our clients are responsible for collecting and submitting sales taxes in a variety of vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.
Planning is an essential element of the tax preparation process. Our experience and access to the latest developments in tax laws can help minimize current and future tax liabilities.
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.
An asset protection, or wealth preservation, plan makes the enforcement of judgements against protected assets nearly impossible and allows the owner of protected assets to retain substantial control over these assets. Our firm can assist you with an asset protection plan that may include family limited partnerships, or offshore trusts.
Employee Benefit Plans
The accounting and tax issues involved with employer-provided benefit plans can be overwhelming. We can assist with the development, implementation and administration of your employee benefit plan.
Mergers & Acquisitions
Finding the right business partner for your company can be a difficult task. We can assist you in the merger or acquisition process by assessing such critical elements as tax considerations; product/service compatibility; competitive tactics and position; financial impact; and cash flow considerations.
Expert Witness Services
Pending or existing litigation can result in the need for a qualified professional to present an opinion to support or oppose evidence submitted to the court. Our level of experience and competence allows us to function as expert witnesses in such cases.