Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small in size, our clients benefit by getting personalized, quality service that is beyond comparison. Below we have listed the services that we offer to our clients along with a brief description.
As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional.
Our firm offers a complete range of tax services in the areas of income taxes, estate taxes, pension and profit-sharing plans, IRAs, Keoghs and SEPs, exempt organizations and fiduciary matters. We have considerable experience in servicing clients who require assistance in sales, use and property tax matters. We also represent our clients in audit proceedings by tax authorities. Tax services offered include but are not limited to:
*Tax planning & return preparation for Individuals, Corporations, Partnerships, LLCs/LLPs, Estates, trusts & gift, and Not-for-profit organizations
*Taxing authority representation
*Divorce and support issues
*Tax effects of buying/selling a busines
Audits, Reviews and Compilations
Siana Carr O'Connor & Lynam, LLP is respected for quality in its auditing and accounting practice. Our approach to these services is a cooperative venture with our clients. Our principal objective is the fair communication of economic results within the guidelines established by the accounting profession. 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.
Siana Carr O'Connor & Lynam, LLP is registered with the Public Company Accounting Oversight Board (PCAOB) to conduct audits of broker dealers. Our experienced audit staff has the knowledge required to serve broker-dealer clients by performing quality audit engagements for a reasonable fee.
Client accounting services allow management to fulfill the accounting function without the burden of recruiting and retaining professional level personnel. Our firm provides a full range of cost effective accounting services including the following:
*General ledger & financial statement preparation
*Accounting system setup for new businesses
*Payroll reporting services
*Business tax return preparation (Sales & Use/Business Property)
*Personal financial statements
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.
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.
Our expertise includes commonly used accounting software such as QuickBooks and Peachtree. We will handle purchasing & installing the software, setup of the General Ledger and training for your Company. This will allow you to make management decisions at a touch of a button.
Our firm assists our clients in isolating their business problems, evaluating opportunities and implementing solutions. Our management advisory capabilities, coupled with our extensive knowledge of the client's business operations, frequently result in significant savings in time and money for our clients. In addition to acting as a sounding board for management, we provide 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
*Buying/selling a business
*Estate, trust & gift planning
*Financial & retirement decisions
*Type of entity selection
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.
Due to our diverse client base, we encounter a wide array of financial and tax issues. As a result, we have gained valuable experience over the years in numerous specialized areas, many of which are listed below. We feel our ability to provide such a variety of services reflects our versatility and competency, as well as our dedication to quality client service.
*Cash flow forecasting
*Employee benefit plans
*Expert witness services
*Mergers & acquisitions
Peer Review Services
The AICPA Peer Review Program requires CPA firms that perform audit, review and/or compilation services to undergo a peer review every 3 years. The Peer Review Program is in place to ensure the quality of accounting, audit and attestation services provided by CPA firms. Our firm provides both engagement and system peer review services to other CPA firms throughout the tri-state area.