| 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.
The services we provide are designed to help our clients achieve their business and personal objectives. We serve a diverse clientele with simple to complex tax and accounting needs. Typical industries and professions include: Attorneys, Broadcasting, Construction, Consultants, Court Reporters, Financial Services, Insurance, Landscape Services, Law Enforcement, Manufacturing, Medical, Non-profit, Printing and Publication, Real Estate, Service/Trade Contractors, Travel and Trusts.
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. |
| (Click Service Title For Details) |
| Other Services |
| Due to our diverse client base, we encounter a wide array of financial and tax issues. As a result, we have gained valuable experience over the years in numerous specialized areas, many of which are listed below. We feel our ability to provide such a variety of services reflects our versatility and competency, as well as our dedication to quality client service.
*Mergers & acquisitions
*Asset protection
*Investment review
*Bankruptcies
*Litigation support
*Cash flow forecasting
*Employee benefit plans
*Expert witness services
*Internet commerce |
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| Accounting Services |
| At Philip L. Liberatore, CPA providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. The financial statement is a valuable tool in measuring past performance and determining future decisions. In order to form a more perfect union with our clients, we understand our responsibility in preparing financial statements that yield the maximum amount of clear information possible for our clients. We can even help our sole proprietor and small business clients assess the implications of their statements.
We offer advice and review of internal controls, as well as accounting and administrative systems and procedures. In addition, we can provide assistance with preparing budgets and forecasts, analyzing retirement plans, merger and acquisition negotiations, stockholders' meetings, identifying potential growth areas and more. Our firm provides a full range of cost effective accounting services including the following:
*General ledger & financial statement preparation
*Bookkeeping (Monthly/Quarterly/Annual)
*Accounting system setup for new businesses
*Computerized payroll services
*Business tax return preparation (Sales & Use/Business Property)
*Personal financial statements
*Litigation support
We never forget that our success depends upon your success. |
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| Audit Services |
| 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. |
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| Bookkeeping/Write-Up |
| Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping. |
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| Financial Statements |
| We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions. |
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| Tax Services |
| One of the major services we provide to our clients is tax planning and consulting. We will review the tax issues in connection with the annual review, and I believe that the highest quality of tax services that can be provided includes timely response to tax and financial issues. |
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| Tax Planning & Preparation |
| Declare your independence from the headache of taxes! Philip L. Liberatore, CPA provides complete tax advice and preparation with a wide range of federal, state and local tax services. We serve individuals, sole proprietors, corporations, partnerships, trusts, estates and other legal entities, specializing in assistance to court reporters, travel agencies and trucking companies. We also prepare franchise, property, sales, estate, payroll, fiduciary and gift tax returns for a number of clients.
We help our clients minimize their taxes by suggesting tax strategies, arranging business structures and current tax analysis. Our tax return preparations focus on maximizing all exemptions, exclusions, credits and deductions allowed by law. By keeping up-to-date on the changes in federal, state and local tax regulations, we can maximize the benefits of your tax structure.
In addition, we can provide a tax-oriented investment analysis to determine the tax implications of the estate, trust, retirement and other portfolios. Due to our extensive knowledge of the taxfield, and the special needs of sole proprietors and small businesses in particular, we can assist you with any tax examinations and reviews. Our services are designed to help our clients achieve their business and personal objectives.
Let us help you write your own Tax Act and minimize the tax bite while maximizing your investment goals. |
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| IRS Representation |
| Settle for Pennies With the IRS!
Many taxpayers find themselves in a position where they can never pay off the IRS. It's mathematically impossible with all the penalties and interest the IRS continues to ADD everyday.
The new IRS program called Offer In Compromise allows you to pay the IRS a small amount (pennies on the dollar) and have them wipe out the total amount you owe them, including all penalties and interest. When the IRS accepts your offer and you pay it, then ALL federal tax liens are removed.
You Get Your Life Back!
Preparing and successfully negotiating an Offer In Compromise is a complicated process and currently takes 9-12 months. Our firm handles the preparation of Offers In Compromise and all of the negotiations with the IRS. Your Offer is completely handled by our firm. You never have to meet with the IRS to discuss your Offer.
IRS Audit Letter?
There is really nothing worse than recieving an IRS audit letter in the mail. The time away from your job and family is considerable when dealing with an IRS audit. We don't suggest that any individual or business meet with the IRS directly, in connection with an audit. The IRS auditors are trained to get more information out of you than you have to provide.
The first thing we recommend is that you have an independent CPA handle all correspondence and meetings with the IRS. This puts the IRS on notice that you are serious about winning your audit.
The preparation before the audit appointment is extremely important. Our firm handles IRS audits by actually performing an audit on your records in our office before the scheduled audit date. This way we uncover any areas where your documentation is not adequate before the IRS auditor looks at your records.
IRS audits usually start with one year and then expand to other years as the auditor makes changes. Our goal is to stop the auditors in their tracks on the first year being audited in order to prevent any additional changes in other years.
Our firm meets with the IRS auditor either in their office or our office, but not in YOUR home or office. Continue with your business and personal life and let us deal directly with the IRS.
Delinquent Returns
Taxpayers get behind in filing tax returns from time to time and often make the problem worse by never filing. You know the IRS is out there looking for you and you want to start sleeping like a baby again. So what's the hold up?
Well, most people with unfiled returns are afraid of what will happen to them whent they get back in the system. By using Philip L. Liberatore, CPA to represent you as you file these old returns, we will be the contact person with the IRS. We will handle all the IRS communications and you can get straight with the IRS without worrying.
The IRS
The IRS Restructuring and Reform Act of 1998, a complex tax law just passed by Congress, directly affects individual taxpayers in a variety of important ways. However, the most important part of the new law from an immediate tax planning perspective has nothing to do with IRS reform. The new law clarifies and expands many of the important tax breaks initiated in last year's historic tax-cut legislation, including capital gain tax rate reductions, Roth IRAs and many other provisions.
The new law also provides a long list of new taxpayer rights and reorganizes the IRS under a new structure that is intended to discourage abusive tactics by its agents. |
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| Payroll Services |
| 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. |
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| Sales Tax Services |
| Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner. |
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| Consulting Services |
| Philip L. Liberatore, CPA offers a broad range of financial management and consulting services to our clients. We believe we're united with our clients in prosperity and establish close working relationships to achieve effective management and profitability. We can assist in planning and innovative problem solving through our diverse and combined business experience. Our consulting services are designed to assist management, especially the sole proprietor and small business owner, in applying effective, controlled techniques to achieve targets and goals. 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
*Computer systems
*Financial & retirement decisions
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