| 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. |
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| 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:
- Bookkeeping, general ledger & financial statement preparation
- Establishing accounting systems for new businesses
- Computerized payroll services
- Sales and Use return preparation
- Payroll tax related returns
- Invoice processing
- Personal financial statements |
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| Audits, Reviews and Compilations |
| 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. We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitablility and efficiency. We provide the following levels of assurance:
Audit - The highest level of assurance is an audit engagement in which we express an opinion on the financial statements. Our audit plan is based on a thorough understanding of the client's business. We use that information to assess risk and design audit procedures to effectively and efficiently perform the audit. This approach enables us to identify client opportunities to improve business profitability. We provide audit services to the following industries:
- Nonprofit organizations
- Governmental entities
- School districts
- Construction and excavating
- Hotels and restaurants
- Manufacturing
- Employee benefit plans
Review - Some analytical procedures are conducted with limited assurance given to the financial statments.
Compilation - Financial statements are based upon client information provided and used primarily for internal use.
Agreed Upon Procedures - Specific procedures are performed to allow a limited use report to be issued.
Regardless of the services performed, we work hard to make your financial statements informative because we know that vital business decisions are based on these statements. We will review the information with you and provide recommendations based on our business perspective. |
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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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| 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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| Tax Services |
| Our tax services are designed to provide comprehensive planning as well as meet your compliance needs. We understand that tax issues must be address throughout the year to effectively minimize what you pay. Our tax professionals are aware of current tax law changes and can provide a precise strategy for your specific situation.
Stephenson Gracik & Co., P.C., will take care of your tax return preparation needs in a timely manner. Our firm has extensive experience in all types of tax returns and planning areas including:
- Individuals
- Corporations
- Partnerships
- LLCs/LLPs
- Estates, trusts & gift
- Nonprofit organizations
- Employee benefit plans
- Payroll related return preparation
- Taxing authority representation
- Tax effects of buying or selling a business |
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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. |
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| Sales Tax Services |
| Many of our clients are responsible for collecting and submitting sales taxes in many different taxing authorities. 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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| Consulting Services |
| In todays competitive environment, business consultants who can help companies increase their profitability are more important than ever. At Stephenson, Gracik & Co., P.C., we take a genuine interest in helping all of our clients grow and prosper.
From deciding on the best form of business structure to operate within, to understanding and selecting the most advantageous financing package, we will be there as your business partner. Because we represent such a diverse group of clients, we have accumulated a wealth of experience and knowledge that can be applied to your business needs.
Our services are applicable to any stage of your business cycle, including:
- Form of business structure
- Preparing loan packages
- Evaluating financing alternatives
- Establishing accounting policies and procedures
- Developing a general ledger system
- Business Projections
- Fixed asset systems
- Buying and selling a business |
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| Computer Consulting |
| As business consultants for various industries, we are knowledgeable in a variety of accounting programs. We understand that each company has different needs for computerized financial information, and can help determine which computer hardware and software package best fits those needs.
Our Information Technology Specialists will guide you through a systematic, comprehensive process involving four interrelated steps: Assessment, Product, Installation, and Training. We are there to support you throughout the critical startup period and beyond. |
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| 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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| Financial Planning |
| A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your 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. |
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| Retirement Planning |
| Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years. |
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| Pension & Profit Sharing Plans |
| Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs…) 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. |
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| Debt & Financing Services |
| Debt management and the evaluation of financing options are issues that an experienced professional deals with every day. Let us use our experience to assist you in securing financing for your personal or business needs or consolidating your current debt to a more manageable level. |
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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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