Forensic Accounting

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AUDIT AND ACCOUNTING

 

JANSEN VALK THOMPSON & REAHM PC provides audit, review and compilation services to privately held businesses and not-for-profit organizations.

Here is a sample of audit and accounting services that we render for our clients:

• Audits of non-public commercial enterprises.
• Audits of not-for-profit organizations.
• Audits of HUD and Rural Development projects.
• Audits under A-133 (“Single” audits).
• Audits of employee benefit plans.
• Reviews and compilations of non-public commercial enterprises.

What are the differences between Audits, Reviews and Compilations?  Click here for a discussion.

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TAX CONSULTING AND COMPLIANCE

JANSEN VALK THOMPSON & REAHM PC provides tax planning and consulting services that are critical to your success! Appropriate tax strategies result in the lowest overall income, estate and business tax burden, thereby enhancing total owner wealth and cash flow. Our strength in developing tax plans is enhanced by our staying involved with our clients, not simply understanding generic tax options but taking the time to customize our solutions to your business or personal situation.

We have served privately held businesses and their owners for decades.

We have served privately held businesses and their owners for decades. We assist our clients in identifying strategies to defer, avoid or minimize overall individual and business taxes. We also have extensive experience in addressing tax issues related to not-for-profit organizations.

Here is a sample of tax consulting services that we render for our business clients: Analysis of operating entity form. Planning for business mergers and acquisitions. Development of divestiture strategies. Development of compensation plans. Analysis of inventory methods. Resolution of payroll compliance issues. Recommendations for multistate tax strategies. Planning for S Corp, LLC and PSC year ends. Analysis of tax accounting methods. Representation before IRS and other taxing authorities. Research and experimental (R&E) tax credit studies. Cost segregation studies. Here is a sample of tax consulting services that we render for our not-for-profit organization clients: Annual public support testing. Resolution of payroll compliance issues. Attribution and other record keeping for the list of "Disqualified Persons" for private foundations. Planning to avoid private foundation status. Planning for unrelated business income (UBI), accounting for allocable costs, and consultation on allocation techniques to contain the UBI tax. Assistance in the design of qualified and non-qualified deferred compensation plans (e.g., under IRC Sections 409A) for employees of the organization. Responding to inquiries in connection with Internal Revenue Service or other taxing authority examinations, preparation of a protest letter if necessary, and counsel on the effect of agent proposals. Here is a sample of tax consulting services that we render for our individual clients: Family financial planning, including wealth transfer, estate, trust and gift planning and compliance. Charitable and planned giving strategies. Education planning and funding. Retirement planning. Alternative minimum tax avoidance. Passive activity considerations. Tax aspects of investments. Stock option planning. Non-qualified compensation planning. Expatriate tax compliance. Representation before IRS and other taxing authorities. JANSEN VALK THOMPSON & REAHM PC also provides tax compliance services involving seasoned professionals preparing your returns. Senior level involvement in tax return preparation is critical to the successful implementation of tax strategies. We hold steadfast to this belief at our firm, where executives play a significant role in providing tax compliance services. We have the capability to provide tax return preparation services for a wide variety of entities—corporations (including consolidated groups and those with multiple state filing requirements), partnerships, limited liability companies, individuals, estates, trusts and not-for-profit organizations.   Back To The Top

BUSINESS ADVISORY

JANSEN VALK THOMPSON & REAHM PC provides a full range of business advisory services. Here is a sample of those services:

• Merger and acquisition consulting.
• Due diligence as part of an acquisition of a business.
• Business valuation for purposes of buy-sell agreements.
• Preparation of business plans.
• Evaluating financing alternatives including "lease vs buy."
• Temporary controllership functions.
• Auditing compliance with fee revenue agreements with franchisees.

Here is a sample of advisory services we render for our not-for-profit organization clients:

• Implementation of SFAS 116, 117, 124 and 136.
• Record keeping—periodic or annual.
• Design and/or preparation of periodic financial reporting packages for use by management or the Board of Directors.
• Assistance in the preparation of capital improvement budgets (including long-term capital improvement plans) and annual operating budgets.

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LITIGATION SUPPORT

JANSEN VALK THOMPSON & REAHM PC plays an important role in support of litigation involving our clients and non-clients. Here is a sample of those services:

• Expert witness testimony in connection with the tax issues impacting a matter before the courts.
• Divorce issues—property settlements, alimony, QDROs, child support, calculation of tax basis for transferred property, forensic accounting and review of tax returns to raise questions about the ownership of entities and property, compensation arrangements, cash flow, retirement plans, etc. of the other spouse.
• Business valuation for purposes of divorce settlements, estate and gift tax, buy-outs, etc.
• Lost revenues as a result of fire, flood or other circumstances.
• Tax ramifications of a loss in compensation.

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INFORMATION TECHNOLOGY

Many small business owners realize they need accounting software. But quite often, the task of how to implement an accounting system on that software can be both confusing and daunting.

FORENSIC ACCOUNTING

JANSEN VALK THOMPSON & REAHM PC provides forensic accounting services to clients and non-clients through attorneys and banks, following unfortunate economic events.

Here is a sample of forensic accounting services that we render for our clients:

• Review of accounting records to assist in the determination of the extent of fraud, embezzlement or theft.
• Analysis of payroll records, payments and filings to determine the number of returns not filed and unpaid taxes.
• Working with IRS and other taxing authorities on the abatement of penalties and the payment of unpaid taxes.

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