|
|
|||||||||||
|
Kahan Steiger & Company,
P.C.'s full range of services for businesses includes:
In addition to providing
the services noted above, Kahan Steiger & Company, P.C. can work closely with
your other established advisors, such as attorneys, bankers, and insurance
and investment professionals in ensuring that your total financial needs are
met in a cohesive manner. Should you need introductions to any such
specialist, we stand ready to make recommendations based upon our knowledge
of your needs. FINANCIAL
STATEMENT REPORTING
COMPILATION
When compilation of
financial data is needed, we assemble information from various company records
and create statements which are meaningful as financial management tools. REVIEW
Business clients
frequently require us to perform an accounting review, or an analysis of the
current financial condition of the company, based upon financial statements
and supporting records and documents. A review may also include: an analysis
of accounting methods, cash flow analysis, or a review of tax strategies.
Comparisons of company results to industry norms or ratios may be made, and
areas of concern or possible advantage may be explored. CERTIFIED AUDIT
Certified audits are
preformed when assurances are required that financial statements have been
prepared in accordance with generally accepted accounting principles. They
may also included review of internal financial controls or operational
procedures, as well as a testing of supporting transactions and balances in
order that assurances may be made that financials have a basis in fact. Regardless of your size
or the complexity of your situation, Kahan Steiger & Company, P.C. can
provide reports with the appropriate level of assurance for your
decision-making or legal requirements. TAX
PLANNING AND PREPARATION
Kahan Steiger &
Company, P.C. provides tax planning assistance, carefully considering
alternative actions and timing of transactions. We present options for the
minimization of tax liability while keeping in mind your company's financial
objectives, and the rapidly changing business and tax environment. Business tax planning may
involve strategic decision making relative to the form of business structure,
ownership changes, domicile, inventory methods, acquisitions and diversities,
and any other corporate actions which may materially affect the tax position
of the firm. Because of our experience with a broad range of business
situations, we can guide you in to taking actions, and avoiding areas of
potential difficulties. In preparing taxes we
utilize computer capabilities in selecting, and in some cases, comparing appropriate
methods. We file all required business taxes, which may include sale,
payroll, franchise, unemployment and excise taxes. We also assist businesses
in decision making by reviewing the implications of day-to-day actions such
as those related to sales tax depreciation, and the timing of transactions.
Kahan Steiger & Company, P.C. frequently communicates with tax
authorities to receive opinions related to possible company actions, before
decisions are made to proceed. In addition, we represent clients by defending
tax-related actions taken, should the Internal Revenue Service or state tax
authorities question practices or returns filed. In such inquiries or audits,
we stand ready to negotiate effectively on your behalf, and expediently
resolve issues. COMPUTER
ADVISORY SERVICES
At Kahan Steiger &
Company, P.C. we have made a major commitment to computerizing our own
operations. Our staff of computer advisory professional is dedicated to
assisting the client companies with computer-related maters. We have the
capabilities for providing training at client locations, and utilize portable
computers at client facilities, as needed, to most effectively service your
account. We also stand ready to provide system support as your business and
computing needs change. Internally, we are fully
networked, giving our professionals access to a fully range of computerized
tax planning, projection, and preparation programs. Our tax research library
utilizes CD ROM technology; this affords us the ability to quickly research
and obtain cross references to items which may affect a client's situation.
We also have the capabilities for direct computer connection to the Online
research system of the Commerce Clearing House. These tools are used in
combination with professional evaluation in making recommendations and taking
timely actions on your behalf. We frequently work with a
company's computer specialists, or outside consultants in evaluating and
enhancing their financial compilation and reporting capabilities. We review
hardware capabilities and configuration, and determine current and future
software needs. We may also make recommendations regarding the specialized
use of software, or changes you may make in your internal processing which
may contribute to time and cost efficiencies in the exchange of information
between your company and Kahan Steiger & Company, P.C.. We have built an
extensive library of financial software, enabling us to meet the particular
demands of a wide variety of industries. In addition, firm specialists have
an expert working knowledge of all major bookkeeping and accounting software
programs. We are therefore able to save you time and money by advising you
regarding purchases and upgrades, as well as the optimization of your current
system. INTERNATIONAL
BUSINESS AND TAXATION SERVICES
Kahan Steiger &
Company, P.C. assists businesses and their employees with planning,
reporting, and tax issues related to international activities. Companies and holding
companies may, if the need arises, receive assistance from us relative to
relocation, the structure of foreign activities and holdings, and financial
reporting methods and requirements. Issues related to country and local taxes
may also resolved. Employees with
international tax obligations related to foreign domicile may also be advised
regarding alternatives and tax treatments appropriate to their particular
situations. In situations where local country expertise is required, Kahan
Steiger & Company, P.C. confers on your behalf with qualified
professionals. You may have the confidence of knowing that as you accounting
needs become more complex, they can still be managed by the same firm which
is well versed with your particular situation. BUSINESS ADVISING AND VALUATION
In working with
businesses, our involvement often goes beyond financial planning, reporting,
and tax needs. We frequently advise clients regarding business management
issues to help them in today's complex business and financial environment. We may act in the
capacity of advisor to management in defining business goals and preparing
plans of action, identifying opportunities for, and implementing operational
efficiencies, improving controls, increasing cash flow and profitability. We are also experienced
in undertaking business valuations, which may be required for such purposes
as: acquisitions and sales, investments, divorce or other litigation, or in
estate or gift tax situations. Valuations are made by
evaluating historical financial records, reviewing industry standards,
collecting data related to assets and other financial records, and reviewing
company projections, income streams, and non-financial components and
influences. Clients may have confidence in our accuracy and thoroughness, and
be assured that informed business decisions may be made on the basis of such
valuations. LITIGATION
SUPPORT
Support may be provided to
a client's attorneys in litigation situations where finances and asset
valuations play an important role. Kahan Steiger & Company, P.C. provides
assistance to firms involved in such corporate actions as mergers,
acquisitions, divestitures, and sales. Personal matters, such as divorce and
estate settlement, may require our interaction with a client's legal counsel.
The company stands
prepared to work with the client's attorneys in the provision of appropriate
reports and supporting documents, as well as advice related to tax,
accounting requirements, and business valuations. RETIREMENT
PLANNING
Kahan Steiger &
Company, P.C. works with client companies in both establishing and
administering retirement programs in accordance with client needs,
availability of resources, contractual agreements, government and other
special requirements. We may work with
actuaries or investment advisors in projecting future needs, as well as in
determining the structure and composition of the underlying plan assets.
Accounts are reviewed regularly to ensure that plans are in compliance with
government requirements. We also work with pension administrators and
actuaries on an ongoing basis, supplying them with financial data required for
the management of existing programs. FINANCING
AND CREDIT ARRANGEMENTS
Businesses in need of
financing are assisted by Kahan Steiger & Company, P.C., both in the
preparation of proposals, and in the solicitation of funds. We work with companies to
transform ideas and plans into a cohesive package which includes critical
financial and non-financial elements. After summarizing your current
position, we outline needs and proposed uses of additional funds, and prepare
future projections with respect to return on investment or payback of funds. Kahan Steiger &
Company, P.C. can also bring your proposal to attention of carefully selected
sources of funds which might, depending upon your needs and circumstances, be
local or national banks, private investors, venture capital firms, small
business associates or state development authorities. Kahan Steiger & Company, P.C. |
||||||||||
