From accounting and auditing to taxation and management advisory services, we keep on top of the latest developments. With this ongoing involvement, we can anticipate any impact these developments may have on our clients and make certain that we have an effective strategy in place to deal with them.
Litigation support involves the quantification of economic damages pursuant to existing or pending litigation using accounting and auditing techniques. We have experienced competent staff who can compile information efficiently to assist in the calculation and documentation of any potential economic loss or damages.
Mergers & Acquisitions
Finding the right business partner for your company can be a difficult task. We can assist you in the merger or acquisition process by assessing such critical elements as tax considerations; product/service compatibility; competitive tactics and position; financial impact; and cash flow considerations.
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:
*General ledger & financial statement preparation
*Accounting system setup for new businesses
*Computerized payroll services
*Business tax return preparation (Sales & Use/Business Property)
*Personal financial statements
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. Audits differ from reviews and compilations, as they are an intensive examination of your company's systems and records providing the highest level of assurance.
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.
Financial Forecasts & Projections
Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals.
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 that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include but are not limited to:
*Tax planning & return preparation
- Estates, trusts & gift
- Not-for-profit organizations
*Taxing authority representation
*Divorce and support issues
*Tax effects of buying/selling a business
Tax Planning & Preparation
Tax planning can affect both the short and long-term profitability and strength of a business.
At Samuel Klein and Company, we see tax planning as part of a dynamic strategy that must be continually refined based on changes in federal, state and local tax laws. Our tax department keeps our entire staff apprised of all general tax developments. At the same time, the department's close familiarity with our clients enables it to focus directly on any issues that specifically affect them.
Even before tax changes occur, our tax specialists evaluate alternatives, define the options and outline probable consequences. We can then respond quickly when these changes are implemented by advising our clients how best they can benefit or limit the negative effects.
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.
Estate & Trust Tax Preparation
Effective estate and gift 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.
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. The following are just a few of the areas in which we provide consulting services:
*Accounting software selection and implementation
*Type of entity selection
*Buying/selling a business
*Financial & retirement decisions
*Estate, trust & gift planning
Accounting Software Selection & Implementation
With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting one that is right for you has become increasingly difficult. As accounting professionals, we are exposed to most programs through trade journals and actual use. Our experienced staff can help you choose and implement the system that best fits your needs.
Whether you are contemplating the addition of new computer hardware or overhauling your network, our experienced staff can assist you with many of the difficult decisions that must be made when designing your business' computer systems.
Management Advisory Services
Even the most qualified managers can benefit from competent, objective feedback. We can help your company's management team develop long-term objectives and specific strategies to facilitate your business' future growth and success.
Samuel Klein and Company provides clients with management advisory services that cover a wide spectrum of business decisions and their effect on an organization's financial well being. Here's how we can help:
Computer Hardware and Software
Mergers and Acquisitions
Pension & Profit Sharing Plans
Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs…) can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.
Our expertise in governmental accounting enables Samuel Klein and Company to provide local governments and school boards throughout the State of New Jersey with services that are unparalleled in scope and thoroughness.
Here's what we offer:
Auditing functions -Complete auditing functions for local and county governments; local and regional school districts; authorities; colleges; and federal-and state-grant programs
Disclosure Statements -Preparation of financial and statistical information for disclosure statements regarding issuance of debt instruments and for presentation to rating agencies
Annual Budgets -Consultation or assistance to government officials in the preparation of annual budgets, budget amendments, supporting documentation, and projected tax rates
Local Finance Board -Preparation of applications including credit extensions, financial documentation for issuance of refunding bonds and/or "qualified bonds" and representation at Local Finance Board hearings
-Certification of costs for prospective local-improvement assessments by assessment boards or commissions
-Operations and management reviews
-Consultation on installation of data processing and other systems
-Assistance with the completion and filing of grant applications
-Preparation of maturity schedules regarding issuance of debt
-Conducting physical inventories of major fixed and moveable assets
-Studies of indirect costs for administering grant programs
-Rate-level determinations for municipal water utility consumer charges