FOCUSED ON MORE THAN NUMBERS The professionals at Whitlock, Selim & Keehn, LLP (WSK) can see the big picture of your personal financial and business situation. We believe there's a broader view to accounting than simply preparing your tax returns and financial statements. To a client, an accountant must be a problem solver, a business partner, a sounding board, a financial advisor and a forecaster. We don't forget the basics either--analyzing and reporting numbers in all the tradtional areas of accounting. We just stay focused on your bottom line. WSK looks for the background behind the numbers such as how they relate to you and your business today and what they mean for your future. What can we do for you? Here's the short list of what WSK can help you with. (More details of our specific service areas are below.) Plan for management succession Find better ways to handle your business transactions Develop accounting systems Select and set up computer systems Apply for business financing Improve your business' cash flow Prepare tax returns Prepare and report on financial statements, including audits, reviews and compilations Find ways to save on income and estate taxes Plan personal finances Preserve and manage your wealth Help select the best college savings plan Recommend estate and family tax planning alternatives Plan for the acquisition or sale of a business Plan for a new business entity Choose, set-up and administer employee benefit plans Professionally value your business and/or other assets Help you guard against and, if necessary, find and prove fraud Give expert witness testimony Represent you with the IRS Services designed to maximize your bottom line Tax Planning & Return Preparation Although taxes are inevitable, strategic planning can significantly reduce the amount you owe. And the more you know about the strategies available, the more effective your plan will be. That's where WSK comes in. We have the knowledge and experience to help you manage your personal and business tax liabilities.  In May 2006, we told our clients and friends about the Tax Increase Prevention and Reconciliation Act so they could be better prepared to take advantage of tax law changes. In the letter (click here to read it), we help explain AMT relief, extended investor tax breaks, the elimination of Roth IRA conversion income limits, the raising of the kiddie tax age limit from under 14 to under 18, and more. You can also find more tax information in our online brochures. Just check out the Newsletter page of this web site. We carefully prepare tax returns in the following areas: Individual Corporate Partnership Estate/gift Employee benefit plans Trusts Check out the R&E Tax Credit page of our web site to find out how most manufacturers are eligible for sizeable federal tax refunds as a result of regulations issued by the U.S. Treasury Department on December 31, 2003. Audit and Accounting One of the most important benefits of working with WSK is that you'll get a better understanding of where your company goes from here. In addition to meeting your audit and accounting services needs, we'll show you ways to better control the direction your company is heading. And along the way, we'll help your business avoid financial pitfalls. We provide: Agreed-upon procedures Compilation and review of finanical statements Monthly accounting services Business Advisory Services At WSK, we believe improved fiscal fitness for your business means starting at your top line and working our way down. We can help you gain better control of your business' performance with increased margins while we show you ways to get a better grip on expenses. In analyzing your business, we'll give you a clear picture of how lending institutions view your organization. What's more, we'll work with you and your bank in assessing and procuring your financing needs. Other business advisory services include: Strategic planning facilitator Cash flow consulting Interim management support services for businesses with personnel needs Accounting system design, analysis and implementation assistance Business valuations and acquisition planning New business start-up assistance Personal financial and estate planning, including business succession strategies Employee Benefit Plan Audit Generally, federal law requires employee benefit plans with 100 or more participants to have an audit as part of their obligation to file an annual return/report (Form 5500 Series). If your plan has filed as a small plan in the past, that threshold increases to 120 eligible participants. With the never-ending changes in federal regulations governing retirement plan compliance continuing to become more complex, WSK has dedicated an area of our practice to providing audit services for employee benefit plans. You can count on us to provide audits that meet the requirements of the Employee Retirement Income Security Act (ERISA), the Department of Labor (DOL), and the Internal Revenue Service (IRS). Additionally, WSK is a member of the American Institute of CPA's Audit Quality Center. Our employee benefit plan audits offer peace of mind that everything is taken care of properly, and the services are affordable and timely. Employee Benefit Plan Administration and Consulting WSK offers qualified employee benefit plan administration services for all types of businesses. After we listen to and understand your specific needs and ideas, we can provide retirement plan consulting services, including: Plan design Use of WSK regional prototype retirement plan (if elected by employer) Annual review of plan provisions Annual plan administration Filing of required governmental forms We can also help you with the following plans you may already have established: Profit Sharing Money Purchase Pension 401(k) Savings Incentive Match Plan for Employees (SIMPLE) Target Benefit Pension Cafeteria Business Valuations/Litigation Support In these times of constant economic change, knowing the true value of your business can be vital to your financial growth and stability. At WSK, we recognize the importance of knowing the value of your business and also knowing when fraud is affecting value. That's why three members of our management group have taken the necessary steps for valuation or fraud examination certification. These Certified Valuation Analysts and Certified Fraud Examiner are ready to provide you with an accurate analysis and valuation of your business, giving you the level of confidence you need to make good decisions. Their training and expertise in business valuation and fraud examination can and should be utilized in a variety of situations, such as: Mergers and acquisitions Buy/sell agreements Sale of a business Foreclosures Financing Estate taxes Contract disputes Initial public offerings Adequacy of life insurance Liquidation Profit/loss analysis Embezzlement Litigation support and expert witness testimony: Divorce Wrongful death Partner disputes Dissenting shareholder action Disruption of business To Top (menu)