Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison. 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. If it is not a service we provide, we would be more than happy to refer you to a qualified professional.
Accounting Services
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.
For those companies that have limited accounting staff resources, we offer the ability to have timely reporting by utilizing us as your in-house accounting department. We will design an effective accounting system, maintain your general ledger and subsidiary ledgers, compile monthly internal-use financial statements and train your personnel to assume some of the responsibilites.
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. Accordingly, we provide all three levels of financial reporting. Those levels are:
1. Audits - The highest level of assurance. The result being that we issue a report giving an opinion on your financial statements.
2. Reviews - Analytical procedures are applied to your financial information. The result is a report by us giving limited assurance on your financial statements.
3. Compilations - We take your financial information and present it in accordance with Generally Accepted Accounting Principles and give no assurance or opinion regarding the financial statements.
Regardless of the level of reporting we perform, one of our roles as your financial advisors is to help you move forward and understand your historical financial information. Whether we issue audited, reviewed or compiled financial statements, if you don't understand how your company has historically performed, you can't possibly lead it going forward.
Tax Services
Tax Services
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.
Many of the corporate and individual clients at Silverman Kendall, LLC are often conflicted with their desire to increase profitability while minimizing income taxes. Accordingly, we 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
- Individuals
- Corporations
- Partnerships
- LLCs/LLPs
- Estates, trusts & gift
- Not-for-profit organizations
- Tax effects of buying/selling a business
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.
Consulting Services
Business Succession Planning
All of our clients at Silverman Kendall, LLC are family-owned and/or privately held. As such, when the time is right, many owners find the challenge of selling or transferring ownership completely overwhelming and a significant burden. We at Silverman Kendall, LLC do not take lightly the responsibility of walking through this sensitive part of your life. Accordingly, effective coordination of the transition of your business to your successors is critical to ensure the company's continued success. 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. We have successfully assisted many clients with the following services:
- Estate tax planning
- Buy-sell agreements
- Successor development
- Meeting facilitation
- Conflict resolution
Consulting Services
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 is just a few of the areas in which we provide consulting services:
- Accounting software selection and implementation
- Type of entity selection
- Business valuations
- Buying/selling a business
- Financial & retirement decisions
- Estate, trust & gift planning
Buying & Selling a Business
Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.
Miscellaneous
Tax Compliance Services
Although in many cases it is completely random, everyone faces the possibility of going through a Federal, State or Local tax audit. If you find yourself in the situation of being audited, you want someone to represent you who has been through this process before and knows how to protect your interest. We have been sucessful in representing many of our clients in compliance audits for State and Local sales and use taxes, along with Federal, State and Local income taxes. Don't go through it alone...let our experience take care of you.
Business Advisory Services
With over 40 years of combined experience behind us, the partners at Silverman Kendall, LLC provide various advisory services to many of our clients. Some of those services include:
- Profit Planning and budgeting
- Cash flow analysis
- Understanding various business structure issues
- Developing business plans, policies and organizational direction
- Merger and aquisition analysis and strategies
- Negotiating financing for working capital and equipment acquisitions
- Succession planning and estate planning
- Supporting management as an independent and objective sounding board
Our proactive participation in your business is the foundation for your successful future.
Agreed-Upon Proceedures
Agreed-upon procedure services are engagements which allow business owners, lenders and other appropriate parties the opportunity to determine the procedures, tests and scope of work that needs to be performed for a certain situation. Our staff has experience in providing these services for aquisition strategies, inventory and accounts receivable evaluations, compliance issues and forensic support services.