Gimbel Abrams + Singer
offers a wide range of services to our individual and business clients. Being a relatively small firm, we are able to offer our clients personalized quality service. Below, we have listed the services that we offer to our clients along with a brief description.
As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed.
(Click Service Title For Details)
Accounting and Business Advisory Services
Our experienced professionals provide compilation, review or audit services appropriate to each client. Our accounting services are designed to provide more than an opinion on financial statements. We view such statements as the basis for analyzing the economic and operational aspects of the business.
Our analysis covers a broad range. It might include cash flow projections, industry comparisons, working capital requirements, lease versus buy decisions or break-even analysis. We provide counsel on compensation issues, client accounting staff evaluations and pricing strategies. These are designed to lead to operational improvements of the business.
We have extensive experience and proven credentials in mergers, acquisitions and sales of businesses. We help plan and negotiate transactions, perform acquisition audits and due diligence reviews, arrange financing and negotiate debt covenants.
Audits, Reviews and 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 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 its 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 can assist you in developing a strategically sound plan.
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.
Personal and Financial Planning
In addition to becoming intimately versed in the financial aspects of each client's business, we are in a unique position to help achieve individual personal financial goals. We help define and establish these goals with our clients and their families. We then suggest, plan and implement strategies to help reach these goals. Strategies may include funding for retirement, developing insurance coverage, making charitable and family gifts and planning for business succession.
For those individual clients with high net worth, we perform a variety of services. These include customized financial reports to allow them to monitor their financial affairs, evaluation of investment advisors and ongoing compilation and monitoring of records needed for tax purposes. Not only do these services facilitate tax preparation but, more importantly, they provide the basis for timely income and estate tax planning
Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.
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.
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.
Sales Tax Services
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.
We provide a variety of tax planning and compliance services that are typically found only in significantly larger firms. We are one of the few firms of our size that can offer foreign tax expertise.
In response to significant tax law changes over the past several years, we have been able to provide clients with "one-time" tax planning opportunities. All clients receive an analysis of their unique situation along with proposals and strategies that produce the best possible tax result.
Sophisticated tax planning is our forte. Whether for a business combination, an estate plan, a deferred compensation arrangement or a state nexus problem, our clients can utilize our tax planning, insights and expertise to minimize their tax burden.
Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.
Certified QuickBooks Pro Advisor ®
We are a Certified QuickBooks Pro Advisor ®. We can assist you in QuickBooks ® Setup, Training, and Reporting.