Tax Services
Individuals and business leaders look to William Morales and Associates for advice on income tax and business tax strategies. We assist clients with personal and business tax planning, preparing income tax returns, and representing individuals before government agencies at federal, state and local levels. As part of our ongoing education, we stay up-to-date on current tax laws and regulations, which can save our clients substantial amounts of money and worry. We take the guesswork out of tax regulations and provide straightforward advice for staying on a clear financial path. We are also trained to prepare tax returns or represent a client to tax authorities.
Accounting and Assurance Services
Auditing (also known as assurance services) is one of the most important and well-known services we provide. Audits are conducted annually for publicly owned companies, privately owned businesses, nonprofit organizations and government agencies and groups. These reports help owners and managers make operating decisions, enable creditors to evaluate loan applications, and help individuals make investment decisions. Here at William Morales and Associates we may provide a client with three distinct services designed to meet a different need: compilation, review or audit.
Business and Management Consulting CPAs play a vital role in helping businesses make better use of their resources and increasing efficiency and profitability. With careful planning and help from a CPA, you can learn how to start, manage and successfully grow a business. CPAs can offer advice in such areas as:
Litigation Services, CPAs are considered the foremost authorities on financial and economic issues. In the legal arena, CPAs act as either expert witnesses or consultants, presenting private advice to attorneys. CPAs also assist clients in divorce settlements, fraud investigations, bankruptcies and alternative dispute resolutions. For example, a divorce can have a dramatic impact on a person's tax liability. A CPA can offer advice on how to reduce the tax liability and help a client continue to meet personal financial goals.
Individuals and business leaders look to William Morales and Associates for advice on income tax and business tax strategies. We assist clients with personal and business tax planning, preparing income tax returns, and representing individuals before government agencies at federal, state and local levels. As part of our ongoing education, we stay up-to-date on current tax laws and regulations, which can save our clients substantial amounts of money and worry. We take the guesswork out of tax regulations and provide straightforward advice for staying on a clear financial path. We are also trained to prepare tax returns or represent a client to tax authorities.
Accounting and Assurance Services
Auditing (also known as assurance services) is one of the most important and well-known services we provide. Audits are conducted annually for publicly owned companies, privately owned businesses, nonprofit organizations and government agencies and groups. These reports help owners and managers make operating decisions, enable creditors to evaluate loan applications, and help individuals make investment decisions. Here at William Morales and Associates we may provide a client with three distinct services designed to meet a different need: compilation, review or audit.
- Compilation — The CPA assembles financial statements using the client's data but does not provide assurance on the financial statement. Compilations are useful in assisting small, non-public companies. During a compilation, the data is simply arranged into conventional financial statement form. No probing is conducted beneath the surface unless the CPA becomes aware that the data provided is in error or incomplete.
- Review — A private company may engage a CPA to perform a review of its financial statements and issue a report that provides limited assurance that material changes to the financial statements are not necessary. With respect to reliability and assurance, a review falls between a compilation, which provides no assurance, and the more extensive assurance of an audit.
- Audit — A public or private company may engage a CPA to audit its financial statements. Management is responsible for the content of its financial statements regardless of an organization's size or form. The audit, provided by the CPA, is a report that provides an opinion on whether the financial statements are presented fairly in conformity with generally accepted accounting principles. An audit is designed to provide the highest level of assurance that the financial statements are free of material errors and fraud.
- Internal Controls — Learning how to protect the resources of a company is a key element in running a successful business. CPAs can help business owners understand the importance of organizational controls by evaluating or setting up procedures to reduce the risk of fraud.
Business and Management Consulting CPAs play a vital role in helping businesses make better use of their resources and increasing efficiency and profitability. With careful planning and help from a CPA, you can learn how to start, manage and successfully grow a business. CPAs can offer advice in such areas as:
- Small business management
- Cash management
- Compensation plan evaluations
- Growth planning
- Purchasing or selling a business
- Measuring the performance of a business
- Disaster recovery planning
Litigation Services, CPAs are considered the foremost authorities on financial and economic issues. In the legal arena, CPAs act as either expert witnesses or consultants, presenting private advice to attorneys. CPAs also assist clients in divorce settlements, fraud investigations, bankruptcies and alternative dispute resolutions. For example, a divorce can have a dramatic impact on a person's tax liability. A CPA can offer advice on how to reduce the tax liability and help a client continue to meet personal financial goals.