Our clients face issues which span the spectrum from accounting and taxation to strategic planning. We offer our clients a combination of "traditional" accounting services, as well as a diverse set of business and consulting skills to meet the challenges of operating in today’s demanding environment.
Our service capabilities include:
Audit and Assurance
Periodic financial reporting is a prime responsibility of most organizations, and along with tax preparation, often forms the foundation of most of our client relationships. Financial reports provide owners, management, lenders, and other key parties with important information with which to evaluate performance and make sound decisions.
We can provide specific services to assist client organizations in their financial reporting responsibilities and provide assurance as to the fairness of the financial statement presentation. The level of service varies according to the needs of the client or third parties, such as financial institutions.
We have extensive experience conducting audits, reviews and compilations based on standards established by the American Institute of Certified Public Accountants (AICPA).
Tax Compliance and Planning
Today's economic environment requires that tax services extend beyond the traditional return preparation functions. Tax compliance and planning are both an essential part of the services we offer to clients.
Planning the tax consequences of client decisions can effectively control tax liabilities and related issues. Proper attention to compliance issues and proper return preparation can reduce the possibility that future examinations will yield significant adjustments.
We believe our responsibility is to assist clients in planning and minimizing their tax liability, while complying to the greatest extent with the letter and intent of the law and regulations.
The Firm is progressive in its attitude toward tax matters and strives to maximize legitimate tax benefits for each client.
Small Business Services
Timely and accurate information forms the basis of many critical decisions in today’s world. In smaller businesses and organizations, the ability to produce financial data and maintain accurate records of business transactions may be limited by the skills of internal staff, or the availability of qualified personnel in the local marketplace.
In addition to a restricted supply of qualified personnel, organizations are often faced with the task of attempting to install and maintain adequate accounting and computer systems to support their daily activities.
At CPS Group CPAs, PA, our staff is fully qualified to assist small organizations maintain proper accounting records and meet their tax filing requirements on a timely basis. The cost for our services can be substantially below the total cost of a full-time employee and our basic fees for monthly compilation services are often well below the weekly cost of a bookkeeper.
Advisory and Consulting
Under ideal circumstances, a client knows exactly what needs must be satisfied or what accomplishments must be achieved. But occasionally, issues or needs arise which require innovative approaches, unique business skills, or a fresh perspective.
The experience and skills of our professionals in accounting, auditing, tax research and preparation, and general business consulting, place the members of our Firm in the position of having diverse resources to assist clients in many matters that extend beyond the traditional services of a CPA firm.
Studies and analyses often yield suggestions and recommendations for action. But the hallmark of a good consultant and advisor is the practical nature of the advice rendered and the ability to help implement the advice, adapting as required to the process of change.
Our professionals have extensive experience implementing the recommendations we pose to our clients and, because of our long-term relationships, we often have the opportunity to see the results put into play.
Our diverse financial background allows us to develop comprehensive financial plans that other investment firms can’t. Combined with our extensive experience and dedication to personal service, we truly are the only financial advisor your family will ever need.
As Certified Public Accountants and Personal Finance Specialists, we adhere to a strict code of professional ethics that surpasses the industry standards of traditional financial institutions.
As a Registered Investment Advisory firm, by law, we are held to the highest fiduciary standard and we are regulated by the U.S. Securities and Exchange Commission adhering to strict compliance issues.
As Institutional Investors with exclusive representation within the NYSE, we have access to all investment vehicles within the universe of publicly traded stocks, mutual funds, U.S. Treasury notes, ETF’s, inflation-protected instruments, CDs, as well as a dedicated bond desk for fixed income portfolios.
Our training as CPAs provides the expertise to analyze financial reports of the companies in which we invest.
Years of experience combined with an extensive background in solving complex income tax scenarios give us an unparalleled competitive advantage over traditional investment advisors.
Our academic based investment philosophy is supported by years of extensive research.
Our tax background prompts us to consider clients’ individual tax positions when managing their portfolios. We track the historical cost basis of your assets, affecting future sales.
With over one billion dollars under management, we are able to pass low-cost transactions with favorable execution purchase points on to our clients. We do not share in any transaction fees charged by the custodian and are only compensated based upon the value of your accounts that we manage.
We are often asked to perform more specialized auditing and accounting services under the requirements of outside third parties.
These engagements can take many forms, including:
- Audits Conducted Under the Requirements of the Single Audit Act
- Audits of Student Financial Aid Programs
- Contract and Compliance Audits
- Special Field or Investigative Audits
- Agreed Upon Procedures
- Forensic Accounting Services
- Internal Control Reviews
- Employee Benefit Plan Audits