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Barnes, Saly & Company, LLP is committed to providing you with a full range of services. By offering so many services, we are able to take the complex pieces of your business and financial puzzles and put them together so that you get a clear and complete picture of all of your options and choices, all designed to maximize the potential of your hard-earned assets. We have the expertise necessary to address even the most challenging of issues. Because everyone has different pieces of their own personal financial puzzle to put together, we offer the following services. (If you don't see what you're looking for, just ask. One of our competent professionals is sure to accommodate you!) Accounting Services Accounting Software Selection & Implementation Audits, Review, & Compilations Business Consulting Business Succession Planning Business Valuations Cash Flow & Budgeting Analysis Depreciation and Asset Accounting Estate Planning Estate & Trust Tax Preparation Expert Witness Services Financial Forecasts & Projections Financial Statements Forensic Accounting and Fraud Prevention & Detection IRS Representation Litigation Support Payroll Services Sales Tax Services Tax Planning & Preparation Tax Services Accounting Services At Barnes, Saly & Company, we provide you with more than bottom line dollars and cents. We pride ourselves on providing you with useful business tools, backed up by the experience and expertise of our professional staff. Everyone here is committed to supplying you with your financial information in a timely and accurate manner to ensure that your day to day business operations (or household finances!) run smoothly and efficiently. Barnes, Saly & Company's full range of accounting services includes, but is not limited to, the following:
 Accounting Software Selection & Implementation As evidenced by the number accounting software packages available, there's no denying accounting has entered the computer age. The selection of proper accounting software is crucial to the operational efficiency of your business - too many features can overwhelm and frustrate you and too few can make for a bookkeeping disaster. Through both use and third-party exposure, the staff of Barnes, Saly & Company understands the accounting software programs available and thus, can show you how your business could benefit from the various features and applications of each. Our experienced staff will be happy to help you choose and implement the system that works best for you. Audits, Reviews & Compilations In the past, an audit had somewhat of a negative connotation. Now, an audit is viewed as an opportunity...an opportunity to present your company's financial statements with the highest degree of assurance...an opportunity to reassure your shareholders that you are running a financially sound and upstanding business...an opportunity to secure favorable funding terms from lending institutions and cooperation from vendors. Whatever your need, the professionals of Barnes, Saly & Company will present you with more than facts and figures - we will provide you with the tools and solutions to maximize your company's operational efficiency and profitability. We will be happy to provide you with whatever level of assurance you need.
Review - Though not as intense as an audit, the review can provide limited levels of assurance. A review shows whether financial statements conform to generally accepted accounting principles. During a review, inquiries relating to the financial statements are made, as well as the application of analytical procedures designed to identify unusual items or trends that may need explanation. Compilations - At the lowest level of assurance is the compilation, in which financial information provided by a company's internal management is compiled into financial statement format. Normally, verification procedures are minimal, if any. A compilation is most often used by a company's internal management only. Business Consulting Sometimes an objective third-party opinion is what you need to get your important management and business decisions made. Through our experience working with numerous types of businesses, we've been able to grow our knowledge base significantly. From contingency planning to management restructuring, put our collective 200 years of experience to work for you and let us put help you form the strategies that will pave the path to growth and enhanced profitability. Business Succession Planning Taking proper steps today can help to ensure the success and viability of your business tomorrow...and for years to come. The professional staff at Barnes, Saly & Company will help you look to the future and plan for the evolution of your business. In addition to succession planning, we will assist you in making the sometimes difficult decisions that can have longstanding effects on the future growth and profitability of your business. Business Valuations Are you in the midst of estate planning and need to know your personal net worth? Maybe, as a business owner, you're structuring a buy-sell agreement. Or perhaps you're determining your collateral value to obtain financing. Whatever the reason, the value of your business is important. Avoid problems like tax penalties for undervaluation, receiving too little for the sale of your company, or debate regarding the value of assets in divorce settlements by letting the trained staff of Barnes, Saly & Company perform a proper business valuation for your business. Cash Flow & Budgeting Analysis Even the most profitable of businesses can run into cash flow problems. Overstating projections, ignoring immediate budgetary needs, assuming the existence of revenue is indicative of being cash-flow positive, and forgetting about taxes due are some of the problems that businesses need to address to avoid cash flow problems. Business plans mean nothing if they are unaccompanied by a sensible long-term financial strategy - let the Barnes, Saly & Company team help you form yours. Depreciation and Asset Accounting You're busy handling the day to day operations of your business, and whether you're building it from the ground up or contemplating a major growth strategy, you definitely don't have a lot of time to figure out which of your assets are depreciable and how that figures into your tax strategy. But, you also can't afford to lose out on valuable depreciation deductions. What to do? Call on the professionals of Barnes, Saly & Company to help you account for depreciable assets used in your business. We'll track the cost and calculate the depreciation expense based on the estimated useful life of the asset for you, saving you the frustration and time of trying to figure it out yourself. Estate Planning Did you know that everything you own is included in your estate... your property and possessions, including your business, house, automobiles, securities and retirement plan benefits? Do you know what they're worth? Unless you review your estate assets and know their value, you can't you put them to work for you or your heirs. Our Certified Estate Planning Specialist will help you determine the best estate plan to meet your needs and structure that plan to reflect your personal or business financial goals. Then, we'll analyze and coordinate it with current tax strategies in order to provide maximum wealth preservation for future generations. Estate & Trust Tax Preparation Once you've put together an effective estate plan, take it a step further by also planning for the orderly transfer of assets to your beneficiaries. In the event of your death, estate and trust tax preparation provides security for surviving relatives and can reduce or even eliminate costly taxes upon on the transfer of your business and other assets. It is an essential step for business owners, ensuring continuity and continued success for the years of hard work you've already put into growing your business. Let the professionals at Barnes, Saly & Company guide you through the complex process of organizing your financial affairs now to ensure that what you've built continues to provide in the future. Expert Witness Services As Certified Public Accountants, we are considered experts in our field. If you find yourself in need of our expertise in our many areas of practice due to either pending or existing litigation, give us a call. We can offer a qualified and unbiased third-party opinion to help you win your case. Financial Forecasts & Projections For a business to be successful, it's necessary to look beyond the day to day operations. The seasoned professional looks to the future. Effective forecasting allows for management decisions to be made today that lead to a profitable tomorrow. Whether making simple projections, performing statistical analysis, or intricate financial modeling, the professional staff of Barnes, Saly & Company can help to ensure you reach your financial goals and maintain and build upon the success of your company. Financial Statements As a business owner, you are, at some point, going to need properly prepared financial statements. Whether you're looking to obtain financing or considering taking your company public, accurate financial statements prepared in accordance with professional accounting standards are a must. No matter what level of assurance you're looking for, the professionals at Barnes, Saly & Company can prepare your financial statements for you without expressing an opinion or any other form of assurance regarding information included within. Forensic Accounting and Fraud Prevention & Detection With the growing number of complexities within the business environment, a need for forensic accounting has emerged. Forensic accounting integrates accounting, auditing and investigative skills and provides an accounting analysis suitable for submission to the courts. These analyses provide the basis for discussion, debate and ultimately dispute resolution. Through investigating and analyzing financial evidence, an accountant trained in forensic accounting can analyze, interpret, summarize and present complex financial and business related issues in a manner which is both understandable and properly supported. Let the highly trained staff of Barnes, Saly & Company use our forensic accounting skills to help you determine financial loss, use of illegal accounting practices, resolve a dispute, or investigate suspected fraud or theft in your business. IRS Representation You wouldn't attempt to perform brain surgery unless you were a brain surgeon, would you? So, why try to handle tax problems with the IRS on your own? Oftentimes, trying to represent yourself leads not only to extreme frustration, but also to even more problems. Let the trained and experienced tax professionals of Barnes, Saly & Company do it for you. We can provide IRS representation and tax problem resolution, both for individuals and small businesses. Whether you are dealing with amended returns, IRS audits, or bankruptcy consultations, we know the system and can find the right solutions for you. Litigation Support In addition to providing expert witness services, Barnes, Saly & Company also provides full litigation support services and expert testimony in accounting, tax and other professional and business related matters. We have the experience necessary to consult with litigants and their counsel, to provide expert testimony in court or in arbitration/mediation proceedings, to help assess the quality of a case, to assist in the development of appropriate questions to ask the opposing expert or parties regarding a case, to critique an opposing experts work, and to assist in potential settlement negotiations. Payroll Services When your business has grown so much that you find that you have a quite a few more employees now than when you started, it's definitely a good thing. But with more employees comes a larger payroll. Is payroll taking a lot of your time? Do you get confused by the number of required deposits, forms, and reports? Or, do you find yourself asking, "Did I file this report on time?" or "It was due when?!" If you answered "yes" to any of the above questions, contact the payroll specialists at Barnes, Saly & Company. Our professionals can help you with comprehensive payroll services, like preparation of payroll checks, maintaining payroll records, and preparing your monthly/quarterly/annual payroll tax reports, including W-2 and W-3 forms. Let us prepare your payroll so you can concentrate on doing what you do best - running your business! Sales Tax Services As a business owner, you may be responsible for collecting sales taxes. At Barnes, Saly & Company, our sales tax services include helping you prepare monthly and quarterly returns, advising you about taxability issues and helping you respond to any sales tax audit issues that may arise. In addition, we can also advise you as to the compliance issues with sales tax rules and regulations affecting your business. Tax Planning & Preparation Did you know the complete Internal Revenue Code is more than 21 megabytes in length, and contains more than 2.8 million words? Printed 60 lines to the page, it would fill almost 6000 letter-size pages! So, how do you take advantage of new tax laws and legislation without having to search that enormous document? The fully trained tax specialists at Barnes, Saly & Company are on hand to do that for you. There are several ways to prepare yourself before that April 15th deadline rolls around. Let us put a winning strategy together for you now, so that your hard-earned money stays with you - not the IRS. Tax Services According to the IRS, there were 4.2 million mistakes made on tax returns filed last year. The chance of error falls significantly when a professional handles your return. But, perhaps an even more noteworthy find is the possibility that you are missing out on finding reliable ways to keep you and your hard-earned money together. Taxes are never simple, black and white issues - the laws change constantly, and are subject to endless interpretation. At Barnes, Saly & Company, we utilize every legal channel possible to create opportunities that keep your money working for you as profitably as possible. When new tax bills and laws come out, we are a step ahead of the game, interpreting the subtleties of the laws and planning most successful path for you. If you're a business owner, tax advantages may come in the form of credits that are only useful if you know about them before you structure your company's long term growth plans, including capital equipment, property ... even compensation benefits packages. As an individual, you and your family may benefit from such tax-sheltering structures as family limited partnerships, educational trusts, and family owned business deductions. Both our individual and business clients can rest assured that they'll get the expertise that they need all year long - not just during tax season. We are proud to offer you the following tax services, including, but not limited to:
Corporations Estates Individuals Not-for-profit organizations LLCs LLPs Partnerships Trusts Consultations on individual tax matters Consultations on partnership tax matters Consultations on corporate tax matters Electronic filing Taxing authority representation Tax effects of business decisions |