Tilley and Callahan, PA, CPAs provides a wide range of services to individuals and businesses in a variety of industries. At Tilley and Callahan, PA, CPAs, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Our professional services include:
Estate and Trust Planning and Tax Preparation
Accounting Software Selection, Implementation, and Support
At Tilley and Callahan, PA, CPAs, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws.
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From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Tilley and Callahan, PA, CPAs's accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and
profit-sharing plans.
These services include but are not limited to:
- General ledger
and financial statement preparation
- Bookkeeping (Monthly, quarterly, or annual)
- Accounting
system setup and support
- Payroll processing
- Cash flow budgeting and forecasting
- Personal
financial statements
- Corporate tax planning and
return preparation
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Assurance and Advisory Services
At Tilley and Callahan, PA, CPAs, we focus on building close client relationships that add long-term value. This includes assuring the solidity of financial records, evaluating financial procedures and working to produce strategies that help our clients face the myriad challenges of business planning and execution. Our clients benefit from objective analysis to assist in controlling costs, increasing efficiency, and implementing new technologies and procedures that take advantage of changes in the marketplace, accounting standards, and tax law.
These services include but are not limited to:
- Audits, reviews, and compilations
- Entity selection and restructuring
- Accounting software selection, implementation, and support
- Business valuations
- Financial projections and forecasts
- Debt and finances advising
- Mergers and acquisitions
- Transaction structuring and negotiations
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Audits, Reviews, and Compilation
Tilley and Callahan, PA, CPAs's financial statement services comprise all three levels of assurance depending on your company's needs.
- Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation
of account balances, inventories, and selected transactions.
- 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.
- Compilations are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.
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Estate and Trust Planning and Tax Preparation
Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Tilley and Callahan, PA, CPAs's role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries.
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Accounting Software Selection, Implementation, and Support
Choosing and implementing a new accounting software system can be a challenging undertaking. Tilley and Callahan, PA, CPAs's experience with various packages currently on the market as well as awareness of new products allow us to aid you in choosing and implementing a system that will suit your company's needs. Training and support will ensure minimal disruption of your everyday business processes.
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Financial and Retirement Planning
Tilley and Callahan, PA, CPAs' goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. We can coordinate with your financial planner and guide you through tough decision-making processes such as asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, and tax, estate, and business succession planning. Whether you are developing an investment strategy or evaluating current investments, Tilley and Callahan, PA, CPAs can ensure that your portfolio will take into account tax implications for an advantageous after-tax return.
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Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies.
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Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Tilley and Callahan, PA, CPAs can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.
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Entity Selection and Restructuring
Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Tilley and Callahan, PA, CPAs can advise you on choosing an entity type and later restructuring if advantageous.
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As technologies rapidly advance, companies increasingly need to update their computer systems. Tilley and Callahan, PA, CPAs can audit your system competencies and gauge upgrade needs as well as provide support in choosing and implementing new hardware or network systems.
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Cash Flow and Budgeting Analysis
Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Tilley and Callahan, PA, CPAs can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly.
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Financial Projections and Forecasts
No one can predict the future perfectly, but we can all benefit from planning for it. Tilley and Callahan, PA, CPAs combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Depending on your needs, our work can range from top-level reports to detailed financial models.
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Mergers, Acquisitions, and Sales
Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, Tilley and Callahan, PA, CPAs can provide professional know-how to help you successfully structure and negotiate the deal. Tilley and Callahan, PA, CPAs employs careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics.
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Whether your needs are corporate or personal, Tilley and Callahan, PA, CPAs's professionals can assist you in sorting out the different options available for debt management and financing that will result in optimal tax implications.