We provide a full range of corporate accounting services including compilation engagements, review engagements, financial reporting, tax compliance, budgeting and forecasting, financial analysis, internal controls, trust audit support and other special projects.
At CPCM & Co. we excel in preparing accurate financial statements and corporate tax filings in a timely and cost-efficient manner. We strive to make the year-end filing process understandable and stress free for you. We help in managing the financial records and activities of companies to ensure accurate reporting and compliance with regulatory standards. These responsibilities can include:
For businesses seeking financial clarity and compliance without the complexities of a formal audit or review, we offer compilation services. Compilations involve the preparation of financial statements by an external accountant on behalf of your organization. Once compiled, these financial statements are essential for presenting information to your stakeholders—a process known as financial reporting.
Regardless of whether your entity is a private business, partnership, charity, or non-profit organization, our team of accounting professionals is ready to assist. We'll collaborate with you to understand your business and accounting practices, undertake the compilation process, and support management in presenting financial information through formal financial statements. Our goal is to enhance your understanding of your business and financial reporting framework, empowering you to move forward confidently.
Think of a review engagement as a thorough check-up for your company's financial health, but not as extensive as a full audit. Here's how it works:
Imagine you've been keeping track of your finances, like income, expenses, and assets, but you want someone to double-check everything to make sure it's accurate. That's where a review engagement comes in. We will take a close look at your financial records, examining key documents, like bank statements, invoices, and receipts, to ensure they make sense and are free from any obvious errors.
Unlike an audit, where every detail is scrutinized, in a review engagement, we don’t delve as deeply into the numbers. Instead, we will perform analytical procedures and ask questions to get a sense of whether the financial information seems reasonable and consistent.
Once we have completed our review, we will provide a report stating whether they found any major issues or discrepancies. It's like getting a clean bill of health for your finances, giving you and your stakeholders some assurance that everything looks okay based on their review.
Financial Reporting: preparation financial statements, including balance sheets, income statements, and cash flow statements, to provide insights into the financial health of your company. These reports are crucial for stakeholders, including investors, creditors, and management, in making informed decisions.
Tax Compliance: compliance with tax laws and regulations by preparing and filing corporate tax returns, calculating tax liabilities, and identifying opportunities for tax optimization while adhering to legal requirements.
Budgeting and Forecasting: development of annual budgets and forecasts by analyzing past financial data, assessing current market conditions, and collaborating with various departments to determine future financial needs and goals.
General Ledger Management: help maintain the general ledger, which serves as the central repository for all financial transactions of your company. This involves recording journal entries, reconciling accounts, and ensuring accuracy and completeness of financial data.
Internal Controls: They establish and monitor internal controls to safeguard company assets, prevent fraud, and ensure compliance with internal policies and external regulations.
Financial Analysis: analyze financial data to identify trends, variances, and areas for improvement. They provide insights and recommendations to management to support strategic decision-making and performance optimization.
Trust Audit Support: assist external auditors during annual audits by providing documentation, explanations, and reconciliations of financial transactions and accounts.
Special Projects: special projects such as mergers and acquisitions, system implementations, or process improvements, providing financial expertise and support to ensure successful outcomes.
