Accurate financial information is crucial when it comes to maximizing the performance of your business and making important operational and strategic decisions. To support your business goals, we offer sound, accurate reporting with critical analysis so you always know where you stand financially. And we’re there for you throughout the year to offer insightful counsel and review services, when needed.
Via our financial statement review and compilation services, we provide you with comprehensive and detailed financial statements on a monthly, quarterly, or annual basis. However, we don’t just deliver the documents, we work in partnership with you to make sure you understand your data so that you can continue to make smart business decisions and stay on a healthy financial course.
Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. Reviews are done to ensure the integrity of your data.
Compilations are usually requested for internal purposes and are based on information provided by a company's management. Compilations do not offer assurance, but they may involve some adjustment to accounting records.
As the end of the year approaches, we’d like to remind our clients that it’s the perfect time to start tax planning and see how the past year’s tax reforms have impacted your personal financial situation. It is crucial to review your tax returns to plan for any changes that may affect you in 2020. We recommend examining the following topics to see if they apply to...
With scam artists hard at work all year, taxpayers should be on the lookout for a surge of evolving phishing emails and telephone scams.
Taxpayers should watch for new versions of two tax-related scams. One involves Social Security numbers related to tax issues. The other threatens taxpayers with a tax bill from a fictional government agency. Here are some details about these scams to...
As the month “Marches” on, and we at LBF are in full tax season mode, we want to remind those of you whose returns we have finished to please get us your 8879 electronic filing form ASAP so we can file your return (which we will not do without this form), and assure your filing is timely. Also, remember that even if you owe taxes (we hope you don’t), the IRS will not be...