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Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small, 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. |
(Click Service Title For Details)
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.
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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.
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Audit Services
We view our role in the financial reporting process as an opportunity to provide
constructive solutions for maximizing your company's profitability and
efficiency. Audits differ from reviews and compilations, as they are an
intensive examination of your company's systems and records providing the
highest level of assurance.
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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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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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Business Consulting
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, we provide comprehensive, flexible
strategies that address the issues affecting your business.
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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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Business Succession Planning
Effective coordination of the transition of your business to your successors is
critical to ensure its continued success once you decide to remove yourself from
the company's day to day operations. With a solid background in tax and other
financial matters, we are fully qualified to address the complex issues of
business continuation and can assist you in developing a strategically sound
plan.
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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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Buying & Selling a Business
Structuring the purchase or sale of a business properly is a critical step in
the process of buying or selling a business. Our competent staff has experience
to guide you through the acquisition/disposition process by addressing such
issues as cash flow analysis and tax considerations.
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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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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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Computer Consulting
Whether you are contemplating the addition of new computer hardware or
overhauling your network, our experienced staff can assist you with many of the
difficult decisions that must be made when designing your business' computer
systems.
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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, 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 Type of entity selection
Business valuations Buying/selling a business Computer systems Financial &
retirement decisions Estate, trust & gift planning
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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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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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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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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 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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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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Fraud Prevention & Detection
We use accounting and auditing skills to provide an analysis of financial
records in conjunction with fraud and theft investigation. Our damage
measurement methods can determine the extent of financial loss and illegal
accounting practices.
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IRS Representation
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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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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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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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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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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Reviews & 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 two levels 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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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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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. 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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Sharpstown Office: Phone: 713-777-5160 ~ Katy Office: Phone: 281-392-4445 For address, fax and personel, visit our Contact Info.
URL: http://www.sims-cpa.com/ This page was Last Updated on 9/1/2004
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