General accounting services for individuals and businesses.
DeNet Kenefick & Associates, P.A. offers a wide range of accounting services to both 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 some of the services that we offer our clients along with a brief description.
As the list below is by no means all-inclusive, please ask us about a service if you do not see it listed. If it’s not a service we provide, we would be more than happy to refer you to another qualified professional.
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Our firm provides a full range of cost effective accounting services including the following:
- General ledger and financial statement preparation
- Bookkeeping (monthly, quarterly or annually)
- Accounting system setup for new businesses
- Computerized payroll services
- Personal financial statements
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.
Financial Forecasts & Projections
Forecasting is a necessity when trying to manage and lead a business to profitability. From simple projections to complex financial modeling and business plan development, our experienced staff can assist you in crafting your company's financial goals.
Cash Flow & Budgeting Analysis
A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses. With our help, you can identify ways to improve your cash forecasting and cash management.
Reviews & 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 two levels of assurance:
Review - some analytical procedures conducted with limited assurance
Compilation - based upon client information provided and used primarily for internal use
We prefer to take a proactive 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 optimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge they deserve throughout the year. Tax services offered include but are not limited to:
- Tax planning and return preparation
- Taxing authority representation
- Divorce and support issues
- Tax effects of buying or selling a business
- Estate and Trust
Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to optimize both your current and future tax liabilities.
Our qualified, experienced staff, together with our significant investment in staff training, tax preparation software and research software enables us to prepare returns accurately and efficiently for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.
Tax Authority Representation
During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients are properly represented before the various federal and state tax agencies.
Estate & Trust
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 cohesive. 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:
- Business entity selection
- Buying or selling a business
- Accounting software selection and implementation
- Employee benefits design
- Financial planning and retirement planning
- Estate, trust and gift planning
- Litigation Support
Business Entity Selection
Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company, etc.) is a crucial decision that can have long range tax implications. By getting us involved at the onset, we can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous for of business for you company.
Buying or Selling a Business
We can help you through the process of buying or selling a business. While this might be your first experience with this endeavor, we have been involved in many such projects, and are available to guide you through the transaction. We can assist you in evaluating the opportunity, performing your due diligence, and structuring the transaction. We will collaborate with your other professional advisors, such as attorneys and bankers, who are critical to a successful purchase or sale.
A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security. Successful implementation and a periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.
Now that you have accumulated assets for your retirement, we can help you design and implement a long range plan to use those assets in the most tax-effective manner.
If you’re interested in learning more about our accounting services, contact us for a free initial consultation today.