Accounting, Tax and Financial Services

Client Services

C. Brown & Associates offers a wide range of Accounting, Tax and Financial Services to its various clients.  As a boutique firm, our clients benefit by receiving personalized, quality services beyond comparison.  Listed below is a brief description of some of the services the firm provides.  Please contact the firm directly for additional or specifically-tailored services.

 


Consulting Services

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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Business Entity Selection

Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company) is a crucial decision that can have longstanding tax implications, positive or 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.

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Consulting Services

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 acting as a sounding board for management, the firm provides comprehensive, flexible strategies that address the issues affecting your business.

The following is just a few of the areas in which we provide consulting services:

  • Accounting software selection and implementation
  • Administrative/technical software support
  • Type of business entity selection
  • Business valuations
  • Buying/selling a business advice
  • Campaign treasurer services
  • Claims administration
  • Financial & retirement planning
  • Estate, trust & gift planning
  • General management consulting

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Business Valuations

Whether you are thinking of buying a new business or in the midst of a difficult divorce, the amount attached to the value of your business is important. We can provide useful and objective analysis to assist you in the valuation of any business in which you have an interest.

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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.

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Accounting Services

Accounting Services

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

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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 can assist you with the day-to-day tasks associated with bookkeeping.

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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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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.

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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.

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Audits, Reviews and 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. 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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Tax Services

IRS Representation

Calvin Brown the President, has over 28 years of individual and corporate taxation, of which 8 1/2 years were spent with the Internal Revenue Service as an IRS Agent. 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. Use any payment method: Hourly, Bi-weekly, Semi-monthly, Monthly, Yearly, or any combination. Payroll checks are printed with detailed check stubs, or set your employees up for direct deposit. Employees will receive year end W2's or 1099's. Submit and keep track of employee timesheets on-line via Electronic Time Attendance. Use our qualified staff to prepare your payroll and keep track of pertinent information, or purchase the software and keep control of your payroll in-house. Our staff members can be utilized on-site to support your accounting needs. Customized Reporting Keeps track of payroll information with customized reports, there are 13 different reports to supply you with exact data. These reports consist of employee earnings, taxable wages, leave, and history reports.

Payroll Form.

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Claims Administration

We offer cost-effective claims administration and solutions for class-action settlement cases, involving notification, claims processing and distribution. We can develop customiized solutions, to include quality control throughout the claims administration process.

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Tax Services

We 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. Let our qualified employees help you achieve your goals. You will have former IRS Agents and CPA's, among others, on your side. We offer at-home consultations for your convenience. 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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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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International Taxation

Our experience with the taxation of U.S residents working abroad and foreign citizens working in the U.S. has provided us with an extensive base of knowledge in the area of international taxation.

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Sales Tax Services

Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We 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 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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Miscellaneous

Accounts Payable

Our qualified staff will calculate and compute early payment discounts, age payables by due date, and forecast cash requirements for bills. Our Computerized can track remaining balances, change PO numbers, descriptions, due dates, post notes on invoices and flag recurring bills. Use our on-site staffing for your convenience.

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Accounts Receivable

Accounts Receivable customer statements are clear and easy-to-understand, they allow you to identify the details of payments made on invoices. Maintain customer history of payments to establish credit worthiness. Place customers on hold status for credit warnings. Define aging periods to fit your needs. Print messages on invoices with greetings, promotions, or upcoming sales. View remaining balances on accounts. Apply payments to any invoice.

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Bank Reconciliation

Our Staff will quickly and efficiently collect and reconcile your bank statements at the end of each month. Tracking your expenditures is vital to the success of your business. If you need to write checks our software will make it simple for you to pay bills.

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General Ledger

Define monthly or annual budgets on all accounts and reconcile against your actual budget. Allocate your organizations cost from pooled accounts to specific cost centers. Maintain multiple subsidiary ledgers. Our audit trail tracks your activities and our Comparative Revenue & Reports compares your current year's and your last year's operating expenses and financials on the same report.

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Medical Billing Services

Our Medical Billing System offers: Electronic & Paper Claim Submission, Patient Accounting Maintenance and Payment Posting, Coding, Insurance Provider Enrollment, Aged Accounting Recover, EOB Analysis and Attorney Collections.

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Non-profit Accounting

Our team will prepare financial reports by fund, department or the entire organization. Obtain timely, accurate up-to-date reports. Prepare budget and forecast expenditures for each account/fund individually or consolidated. Define and produce custom reports that meet all your organizations needs.

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Other Services

Expert Witness Services

Pending or existing litigation can result in the need for a qualified professional to present his/her opinion to support or oppose evidence submitted to the court. Our level of competence allows us the opportunity to function as expert witnesses in such cases.

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