INDUSTRIES WE SERVE
Construction & Real Estate
GranthamPoole’s Construction and Real Estate Team has many years of experience working with real estate development professionals and addressing the many aspects of real estate taxation and accounting. Our highly qualified team of CPAs can assist you with many of the challenges that accompany the construction and ownership of real estate today, from development cost allocations, tax-free exchanges, and cash flow analyses to cost segregation and analyzing financing options.
Construction & Real Estate Services
Accounting Software Selection
With the growing number of computerized accounting software packages available for small businesses and individuals, 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.
Agreed-Upon Procedures Engagements
When you need an accountant’s report on financial data or schedules that don’t necessarily fit the standard definition of financial statements, an agreed-upon procedures engagement may be appropriate. Our team will meet with you to define the scope of a project to fit your particular needs.
An asset protection or wealth preservation plan makes the enforcement of judgments against protected assets nearly impossible and allows the owner of protected assets to retain substantial control over these assets. Our firm can assist you with an asset protection plan that may include family limited partnerships or offshore trusts.
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.
Audits, Reviews & Compilations
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.
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.
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.
Business Succession Planning
Effective coordination of the transition of your business to your successors is critical to ensure 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 assist you in developing a strategically sound plan.
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.
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.
Cost Segregation Studies
A cost segregation study breaks down construction or acquisition costs to the proper categories, maximizing depreciation and thus increasing cash flow for the owner. Substantial tax savings can be generated for owners who properly classify the costs of commercial property between real estate and personal property.
Debt and Financing Advisory
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.
Employee Benefit Plan Audits
The choice of a plan auditor is an important one, and the experience and qualifications of the auditor should be a key decision point considered by the plan administrator in selecting a professional. A quality audit will help protect the assets and the financial integrity of your employee benefit plan and ensure that funds will be available to pay retirement, health, and other promised benefits to plan participants. Further, a quality audit can help you comply with your legal responsibility to file a complete and accurate annual return/report for your plan each year. Because an incomplete, inadequate, or untimely audit report may result in penalties being assessed against you as the plan’s administrator, selection of an experienced and reliable auditor is very important. Each year we perform numerous audits of employee benefit plans and our professionals have the requisite knowledge, training and experience to make us well qualified to serve your needs.
Financial Forecasts and 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.
Forensic accounting is the process of performing interviews of company personnel and searching through company records to identify instances of fraud or theft. The process is similar to an audit, except that unlike an audit, the procedures performed are designed with the specific intent to detect fraud. Forensic accounting engagements are different from fraud examination engagements, but they are related.
Fraud examinations are typically conducted after an instance of fraud is discovered by management or as a result of a forensic investigation. Forensic examinations are focused on gathering evidence to prove or disprove suspected occurrences of fraud. Fraud examinations and forensic accounting engagements are different, but they are related.
Internal Control Assessments
An effective system of internal control is a key driver of business performance and one of the best protections against business failure. Internal control is an integral part of an organization’s risk management process, and when actively monitored by those charged with corporate governance, can enhance an organizations ability to leverage opportunities and counter threats to achieving the organization’s objectives. Using our knowledge of internal control systems, we can help your organization evaluate the design and effectiveness of your internal controls and assist in the implementation of improvements that can position your company to better manage risk and enhance operating efficiency.
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.
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.
Finding the right business partner for your company can be a difficult task. We can assist you in the merger or acquisition process by assessing such critical elements as tax considerations, product/service compatibility, competitive tactics and position, financial impact and cash flow considerations.
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.
QuickBooks™ software has become the software of choice for many small businesses. In order to assist our clients in utilizing the software to meet the needs of their businesses, we maintain the status of Certified QuickBooks™ Consultants. This certification is obtained through continuous education involving the software program as it evolves through new versions. Efficient utilization of the program can increase your productivity and decrease the amount of time required to maintain useful accounting records. As an Intuit Solutions Provider, we can assist you with a wide array of business solutions.
Research and Development Tax Credit Studies
The Research and Development Tax Credit rewards businesses for investing in new and improved products and business processes. Let us help you take full advantage of this often-overlooked tax benefit.
Sales and Use Tax Compliance
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.
State and Local Tax Consulting
GranthamPoole has the knowledge and experience needed to navigate multiple levels of state and local taxation. Whether you have questions about multi-state income taxation, property tax, or sales and use tax, we are here to see you through.
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.
Tax Return Preparation
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.