Accounting Services
Audit Services
We view our role in the financial reporting process as an opportunity to provide constructive solutions for helping to maximize our clients’ profitability and efficiency. Audits differ from reviews and compilations, as they are an intensive examination of your organization’s systems and records providing the highest level of assurance. At Downey, Sweeney, Fitzgerald & Co., P.C. we offer auditing services in the following areas:
Audits in accordance with U.S. Generally Accepted Auditing Standards
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Audits in accordance with Generally Accepted Government Auditing Standards
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Audits in Accordance with OMB Circular A-133
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Audits of Internal Controls
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Audits of Specific Elements of a Financial Statements
We perform auditing services for closely held business and not-for-profit organizations.
Reviews & Compilations
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on two levels of assurance:
*Review - some analytical procedures conducted with limited assurance
*Compilation - based upon client information provided and used primarily for internal use.
Accounting Services
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Downey, Sweeney, Fitzgerald & Co., P.C. provides a full range of cost effective accounting services including the following:
- Review level financial statements
- Compiled financial statements
- Personal financial statements
- Bookkeeping (monthly, quarterly, annual)
- Accounting system implementations
Bookkeeping/Write-Up
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.
Consulting Services
Consulting Services
At Downey, Sweeney, Fitzgerald & Co., P.C. we gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and help you to develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following are just a few of the areas in which we provide consulting services:
- Accounting software selection and implementation
- Type of entity selection
- Basis of accounting determination
- Buying and selling a business
- Financial and retirement decisions
- Estate, tax and gift planning
Estate Planning
Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
Financial Planning
A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.
Business Consulting
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.
Business Succession Planning
At Downey, Sweeney, Fitzgerald & Co., P.C. we believe that effective coordination of the transition of your business to your successor is critical to ensure the business’ continued success once you decide to remove yourself from the company’s day to day operations. With our solid background in tax and financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.
Buying & Selling a Business
The most critical step in the process of buying and selling a business is structuring the sale of the business properly. At Downey, Sweeney, Fitzgerald & Co., P.C., our competent staff has the experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.
Tax Services
Tax Services
Tax planning and preparation form a winning combination for our successful individual and business clients. At Downey, Sweeney, Fitzgerald & Co., P.C. 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 to help minimize both your current and future tax liabilities. We provide our individual and business clients with the tax expertise and knowledge they deserve throughout the year. Tax services offered include, but are not limited to:
- Tax planning & return preparation
- Individuals
- Corporations
- Sub Chapter S corporations
- Partnerships
- LLC’s/LLP’s
- Estates, trusts, gift tax returns
- Tax effects of buying or selling a business
- Divorce and support issues
Tax Planning & Preparation
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.
IRS Representation
During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients that they are being properly represented before the various federal and state tax agencies.
Other Services
Other Services
At Downey, Sweeney, Fitzgerald & Co., P.C., we also offer a variety of other business services, including
- Payroll tax return preparation
- Monthly bookkeeping
- Sales tax return preparation
- QuickBooks installation, training and implementation
Certified QuickBooks Pro Advisor ®
We are a Certified QuickBooks Pro Advisor ®. We can assist you in QuickBooks ® Setup, Training, and Reporting.