Auditing and Accounting

Auditing and Accounting is the heart  and soul of our services; however, we are not like most accounting firms  when it comes to auditing and accounting.  We are proactive during  the process to identify opportunities to help your business.  Most accounting firms are about crunching numbers, we're about  creative ideas and finding opportunities to improve your business. Through our Proactive Business Approach (PBA), we are able to obtain a deeper understanding of our client's needs. Clients expect a report with numbers; but they need proactive ideas, and this is where we exceed our client's expectations. 

Other Firms Approach Our Approach
Historical data and information Knowledge, wisdom, specialization
Compliance Value-added suggestions
Once a Year Contact Continuous Contact
Find and fix Anticipate and prevent
Labor intensive Technology and knowledge driven
Supervision Direct interaction

Our approach to auditing is one reflection of our mission statement,"to help clients improve their financial position and operations." We have invested many hours reviewing and revising our audit processes to bring additional value to our clients. Our Auditing and Accounting Services team are trained to look beyond the numbers for value-added business advice.

Our accounting services include the following:

 Monthly Write Up- This includes recording your accounting transactions on a monthly basis and preparing monthly financial statements.

Budgeting- We can assist businesses in developing an in-depth plan for the future. This can be for internal use or used by third parties. This process is comprehensive and involves the preparing of balance sheets, income statements, and cash flow statements.

Performance Measurement Reviews - If you're trying to improve various aspects of your business--whether its reducing errors in invoicing, delays in shipping, incorrect product fulfillment--let us help you set up your Performance Measurement Review Program.

Special Procedures- Instead of a full-blown audit, consider limiting the scope of your audit, whether its reviewing your accounts receivable, cash, revenue procedures, etc., we can perform special and agreed upon procedures to deliver a report with the findings you need.

For more information contact us at: info@peroocpa.com

 
HIRE Act
Do you know about the HIRE Act?

The Federal Government passed the HIRE Act to create incentives for businesses to hire unemployed workers.  When a company hires an employee who has not worked a maximum of 40 hours in the immediately preceeding 60 days, the company is eligible for the HIRE Act incentive.  This incentive will save the employer 6.4% (equal to the employer\'s share of the Social Security tax) of the employee\'s wages for the remainder of 2010.  If the employee is employed 52 consecutive weeks, and earns at least 80% in wages for the second 6 months as in the first 6 months, the company is then eligible for an additional $1,000 tax credit in 2011.

 
 
The Small Business Jobs and Credit Act of 2010
H.R. 5297

Changes to Section 179

CHANGES AND HIGHLIGHTS 
  • Total amount available for deduction increased from $250,000 to $500,000
  • Limit of the total amount equipment purchased allowed increased from $800,000 to $2,000,000.
  • New changes are in effect for 2010 and 2011
  • “50% bonus depreciation” has been extended to the 2010 tax year

 
 
Our firm is dedicated to providing continuing
education to our clients. This is done through
seminars, newsletters, and one on one training.

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