Services
Services & Clients
We offer a variety of services to corporations, small businesses, individuals, estates,
trusts and non-profit organizations.
Services For Corporations:
As a result of the accounting and fraud issues that have become such an publicized
problem in our society, there is a need for companies to have an independent tax
consultant assist them with the preparation of their income tax accrual and the related
disclosures on their financial statements. The Sarbanes-Oxley Act has forced
corporations to review their audit, tax and consulting arrangements to determine if
they are in compliance. We provide large corporations and a publicly traded
companies with an independent (we do not do any certified audits) tax consultant who
is capable and qualified to report on a corporations activities and the tax effect it will
have now and in the future. We have expeirence with both domestic and
interanational clients. In addition to income tax disclosure for financial statements, we
provide tax-consulting work related to mergers and acquisitions, change in ownership
(section 382), income tax projections and other compliance related projects.
Services For Small Businesses:
Running a small business can be an overwhelming task. We assist small business
owners right from the start with selecting the correct organizational structure. Deciding
whether the business should be organized as a Limited Liability Company, S
Corporation, C Corporation, sole proprietorship or partnership is an important
decision. Each entity has its own business, legal and tax advantages and
disadvantages that need to be considered. We help business owners decide which
entity is right for them and file all of the necessary paperwork with the state and IRS.
Some of the special projects that we work on for small businesses include sales and
payroll tax audits, compilations and assistance with bank financing.
Services For Individuals:
Many individuals do not realize the value that a certified public accountant can
provide to their overall financial picture. In this day and age when the tax law is
constantly changing, you need a professional who is on top of these changes to guide
you through the law and minimize your tax liability. Whether it is dealing with the
Alternative Minimum Tax, capital gains and losses or planning for retirement we can
provide the right advice on how to handle each situation. Proper tax planning based
on each individual’s circumstances can drastically reduce the amount of tax that you
will incur. One of the unique services that we provide for individuals is international
and expatriate tax consulting for employees going abroad or coming into the United
States.
Services for Estates, Trusts & Not-For-Profit Organizations:
Being named as an executor and trustee for our clients is something that we look at as
an honor and a privilege. It is a sign of the respect and trust that our clients have in us.
Often, we do more work for clients after their death than during their life. We file all
of the needed paperwork and tax returns and liquidate the decedents estate according
to their wishes. We are a natural choice to be an executor and trustee because of our
experience in handling financial matters and our independence in dealing with loved
ones. We also deal with not-for-profit entities such as foundations and churches.
Getting the paperwork filed and being approved as a 501(c)(3) organization can be a
difficult and time consuming process that we can make easier.
Hodakowski & Hodakowski Certified Public Accountants
|