Services
Tax Services
Business owners know that every financial move they make may have tax consequences that can affect their company as well as their personal financial objectives. At Joyce & Company CPA’s LLC, we provide strategic tax planning that integrates both personal and business objectives. Our tax-saving approaches often include discovering overlooked deductions, focusing on deferred compensation planning, and the avoidance of unnecessary taxes through the restructuring of multi-state activities. We also take advantage of tax incentives and credits, and identify opportunities that exist through estate tax, retirement, and succession planning.
Whether it is a personal tax strategy that dramatically affects your business plan or a business tax strategy that affects your family’s future, our knowledgeable and experienced staff specializes in the analytical, in-depth reviews that it takes to reduce your overall tax burden. We provide expertise in many specialized tax areas such as:
- 1031 Exchanges
- Cost Segregation Studies
- Employee Benefits
- Income Tax Consulting/Planning
- Personal Financial Planning
- Real Estate Transaction / Planning / Structuring
- Representation before IRS and state taxing authorities
- Corporate Income Tax
- Personal Income Tax
- Qualified and Non-Qualified Retirement Plan Structure and Planning
- Compensation Planning
- Multi-State Taxation and Nexus Planning
- Estate and Retirement Planning
- Ownership Transition
- Business Valuations
- Choice of Entity
- Sales and Use Tax Compliance and Audits
We are always looking for ways to maximize your financial growth by minimizing your tax burden. Our tax professionals keep a watchful eye on Congress, the Internal Revenue Service, and the courts to identify any recent developments which might affect your business or individual tax liability. Keeping abreast of ever-changing tax laws and trends enables us to anticipate tax savings opportunities. We advise and guide you through the complexity of tax law as it impacts you and your business, explaining it in everyday terms. In a tax climate that is constantly changing, we can serve all of your tax needs. Paying taxes may be a certainty in life, but with thorough planning throughout the year, we make sure that paying the absolute, least amount possible is a certainty as well.
Personal attention and frequent communication characterize the proactive Joyce & Company approach.
Accounting and Bookkeeping Services
From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Our accounting services steer you closer to these goals with accurate record-keeping and reporting. Our accounting services are provided on a weekly, monthly, quarterly or annual basis as needed and desired by our clients. The services provided are based on the capabilities of each client and include the following:
- Data Entry
- General Ledger Maintenance
- Bank Reconciliations
- Preparation of Monthly, Quarterly and Annual Financial Statements
- Preparation of Management Reports
- Payroll Tax Reporting
- Preparation of Annual 1099 Forms
- Assistance with Banking and Insurance Matters
- Accounting System Setup and Support
- Cash Flow Budgeting and Forecasting
- Transition Assistance during a Change in Accounting Systems
- Personal Financial Statements
We maintain the general ledger for many of our accounting services clients and we are proficient in numerous accounting software packages including:
- MAS 90 and MAS 200
- Great Plains
- QuickBooks Online
- Quickbooks Desktop
- Peachtree
Quickbooks Consulting
Quickbooks can be a powerful accounting software product with capabilities that allow your business to run more smoothly and efficiently. Let our Quickbooks ProAdvisors help you and your staff to learn ways to unlock this program’s full potential.
Reviews and Compilations
There are necessary and often mandatory statements in today’s business environment that must be shared with creditors, shareholders, and business partners. No matter the level of assurance required, the opportunity exists for the team of professionals from Joyce & Company to do more than just report information. By taking an objective look at operational and financial matters, we can provide you with sound strategic advice and recommendations. Our goal is to help identify important issues specific to your industry, opportunities to improve profitability, ways to minimize your tax burden, and strategies that can save your company money. We work with you side-by-side to determine the proper level of service you need based on the unique circumstances of your organization. Whether it’s a review, compilation, special financial analysis or forecast, the service you require will depend upon many factors. We will clearly guide you through the myriad of considerations in making this decision.
The personal attention you expect is never more evident than when we evaluate and discuss your financial position and operating results with you in plain English. We want to ensure your complete understanding of the financial statements, so you are confident in the fair representation of your organization to banking institutions, vendors, investors or other key parties. The financial statements become much more than a balance sheet, statement of income and cash flow. Combined with strategic business advice, the financial statements are an extremely powerful management tool that can be utilized for performance benchmarking, development of budgets, forecasting or other key management decisions.
Our range of financial assurance and reporting services includes:
- Financial statement reviews and compilations
- Agreed-upon procedures and attestation engagements
- Compiled forecasts and projections
- Financial budgets and cash flow forecasts
- Internal controls review and implementation
- Fraud investigation and prevention
- Management and/or Board recommendation reports
- Due diligence procedures on behalf of buyers/sellers for acquisition/disposal activities
- Accounting issues resolution
- Evaluation of alternative accounting methods
- Restructuring and reorganization
Estate and Trust Planning
Passing on the value that has taken a lifetime to build is a deeply personal process that requires knowledge, understanding and thoughtful consideration. You spend your entire life building your wealth, but may never spend the time to plan for what will happen when you no longer need it. Our professionals can assist with structuring and implementing business and succession planning, retirement planning, trust planning, lifetime gifting and charitable gifting programs, as well as estate planning.
Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Our role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries.
When the time comes to evaluate effective estate planning, we work in concert with you and other professional advisors to develop a wealth management plan that fulfills your goals within your lifetime or for future generations. We also offer counsel on available strategies for business continuity or guidance in preparation for the transfer of your assets to the next generation.
Estate planning is a complex process, but we can design a comprehensive, personalized plan that will preserve your hard earned assets as well as enhance and protect your family’s future for generations to come.
- Structuring your estate to minimize estate and gift taxes
- Determining the proper use of trusts
- Developing individual plans for funding college education or retirement
- Valuing of your business for estate tax purposes
- Planning for the ownership succession for your business
- Creating and administering Family Limited Partnerships
- Preparing cash flow projections
- Transferring wealth among family members
- Structuring tax advantaged charitable giving
Personal Financial Planning
Whether your focus is current cash flow planning or long-term wealth accumulation, or if it’s simply time for you to begin planning for your financial future, the professionals at Joyce & Company can create a comprehensive financial plan designed to meet your specific objectives. Our thorough approach, customized for each client, allows us to create a comprehensive plan that analyzes strategies for funding college education, retirement, investment, gifting strategies, income tax planning, insurance planning, tax planning, and estate planning. We work closely with your investment advisor, life insurance professional, and your attorney to coordinate all aspects of planning that may affect your total financial planning.
- Investment Planning
- Cash Flow Projections
- Funding College Education
- Income Tax Planning
- Retirement Planning
- Insurance Analysis
- Estate Planning
- Charitable Giving Strategies
- Budgeting
- Family Wealth Transfers
Litigation Support and Forensic Accounting
Our litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, business valuations, business and marital dissolutions, and bankruptcies. These services can involve quantification of economic loss or damages, analysis of financial records, and fraud and theft investigation.
Accounting Software Selection, Implementation, and Support
Choosing and implementing a new accounting software system can be a challenging undertaking. Our experience with various packages currently on the market as well as awareness of new products allow us to aid you in choosing and implementing a system that will suit your company’s needs. Training and support will ensure minimal disruption of your everyday business processes.
Financial Projections and Forecasts
No one can predict the future perfectly, but we can all benefit from planning for it. Our firm combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Depending on your needs, our work can range from top-level reports to detailed financial models.
Business Valuation
The range of needs for valuing businesses continues to widen, and we provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest. Uses for this service include estate planning and compliance, buying and selling businesses, divorce matters, family limited partnerships and ESOPs.
Succession Planning
Your business may be one of your largest and most treasured assets. Yet deciding when and how to transfer ownership can be a daunting task. Proper planning for business succession and contingencies can help ensure that your business continues successfully for generations to come, and your financial goals are met. In the event of your unexpected death, a succession plan can preclude a forced sale and help ensure that your business continues to operate with minimal disruption the way you intended.
Whether you choose to transfer out of your current role or leave the business altogether, a business succession plan can help ensure the orderly transfer or ownership – to your partners, other family members or your heirs. Let our seasoned professionals work with you to develop an exit strategy that meets your financial and organizational goals.
Mergers, Acquisitions, and Sales
Business transactions and transitions are complicated affairs, and whether you’re buying, selling, or considering a potential merger, we can provide professional know-how to help you successfully structure and negotiate the deal. We employ careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics.
Employee Stock Ownership Plans
You may want to reward and motivate key employees by giving them a sense of ownership of your Company.
You may be looking for a vehicle to transition current ownership, while boosting liquidity and also saving on federal income taxes.
Whether you are a business owner looking for a long-term exit strategy, or one who just wants to retain and reward the employees who helped build your business, you might want to consider the benefits of an ESOP. Our retirement plan professionals can help you decide if an ESOP may be right for you.
Management Consulting
Many business owners turn to their CPAs for help in establishing a clear and sensible vision that will expand opportunities for growth and profits. Our knowledgeable and skilled professionals have years of experience working side-by-side with clients to deliver business solutions that help them achieve their goals. We have extensive, hands-on experience in a variety of consulting areas. This experience ranges from mergers, acquisitions, and taxation to personal financial, estate, and succession planning.
- Preparation of Business Plans and Monitoring of Long-Range Goals
- Ownership Transition Planning
- Buy/Sell Agreements
- Mergers and Acquisitions
- Economic Feasibility Studies
- Business Entities Planning – Choice of Entity Considerations
- Development and Monitoring of Management Reporting Systems
- Design, Implementation & Monitoring of Profit Improvement/Cost Reduction Programs
- Financial Analysis and Financial Methods
- Operational Systems and Procedures
Capital and Financial Management
- Financial and Profit Planning
- Financial Analysis and Financial Methods
- Specific Benchmarking Analysis
- Industry Specific Cost Control and Reduction Programs
- Overhead Expenditure Budgeting Systems
- Capital Expenditure Budgeting System
- Cash Management, Credit, Collection, and Accounts Receivable Programs
- Development of Inventory Management and Control Systems
Corporate Governance
- Committee Financial Experts
- Committee Charters and Design
- Codes of Ethics
- Internal Audit Assistance
- Board Member Responsibilities
Operational Consulting
- Cost Systems Analysis
- Inventory Accuracy and Cycle Counting Program
- Performance Measurement Services – Business Dashboards
- Performance Measurement Analysis
- Strategic Planning
- Technology Consulting
Financial Consulting
- Business Formation / Structuring
- Cash Flow Analysis
- Financing Structure Alternatives
- Merger and Acquisition Consulting
- Due Diligence Consulting