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. Accounting Services Reviews & Compilations Financial Statements Cash Flow & Budgeting Analysis Tax Planning & Preparation Payroll Services Accounting Software Selection Computer Consulting Retirement Planning Business Consulting Investment Review Audit Services Non-Profit Audits Bookkeeping/Write-Up Financial Forecasts & Projections Tax Services IRS Representation Sales Tax Services Consulting Services Financial Planning 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 *Litigation support 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. Financial Statements: We can easily 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. Cash Flow & Budget 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. Tax Planning & Preparation: Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation. 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. Accounting Software Selection: 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. 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. Retirement Planning: Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years. 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 you business. Investment Review: As you develop your investment strategy, we will act as your sounding board. We can help you build an investment portfolio that takes into consideration the impact of taxes and produces a favorable after-tax return. 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. Non-Profit Audits: Why might your organization need an audit? Many grants now require that the grant recipient not-for-profit organization have an audit performed by an independent CPA firm. Non-governmental organizations that receive, use or expend $15,000 or more in state grant money or federal pass-through money must file annually with the state agency. They must decide whether they are subject to a Single Audit in accordance with OMB A-133, a Yellow Book audit in accordance with government Auditing Standards (GAS), or must file a sworn statement and Schedule of Grantee Receipts and Expenditures. Many private foundations also require an audit to ensure that the money they contribute to an organization is spent in accordance with their restrictions. An audit also gives the not-for-profit organization's Board of Directors assurance that there are no material misstatements in their financial statements. Hutchins Allen & Company, P.A. has CPAs with extensive knowledge and training in the not-for-profit area. Nonprofit organizations may be required to file a Return for Organization Exempt from Income Tax. We can assist you with filing Form 990, 990-T, or 990-PF. 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. 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. 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 taxation expertise and knowledge that they deserve throughout the year. Services include, but are not limited to: Tax Planning & Preparation for: *Individuals *Corporations *Partnerships *LLCs/LLPs *Estates, trusts & gifts *Not-for-profit organizations *Taxing authority representation *Tax effects of buying/selling a business IRS Representation: During our years of experience dealing with taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly representled before various federal and state tax agencies. 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. Consulting Serivces: 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 are 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 advisory services *Retirement Planning *College savings programs *Estate, trust & gift planning 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. Your goals may include funding education, estate planning, retirement planning, investment planning and asset allocation, cash management and budgeting, risk management and insurance or business transfer. As a CPA firm, we have a thorough working knowledge of the interrelated effects of income, gift and estate taxation on financial products, and how various vehicles such as trusts, insurance products and closely held businesses can be used to achieve your goals. We have well-qualified financial advisors on staff who will work with you to prepare your plan. As objective, fee-based financial consultants, our loyalty is to our clients, not to a product we are trying to sell. We also have the knowledge and experience to incorporate tax planning into your Personal Financial Plan. Hutchins Allen & Company, P.A. is a full services accounting and consulting firm that provides tax, accounting and consulting services. We believe that our success has been the result of the timeliness and quality of our services and the satisfaction of our clients.