Waschitz Pavloff CPA LLP provides a wide range of services to individuals and businesses in a variety of industries. At Waschitz Pavloff CPA LLP, 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:
- Tax Management Services
- Assurance and Advisory Services
- Estate and Trust Planning and Tax Preparation
- Litigation Support and Forensic Accounting
- QuickBooks Accounting Help and Assistance
- Employee Benefits, Pension, and Profit-Sharing Plans
- Financial Projections and Forecasts
- Debt and Finance Advising
- Agricultural Tax Matters
- Accounting Services
- Audits, Reviews, and Compilation
- Financial and Retirement Planning
- IRS and NYS Representation (including Sales Tax Audits)
- Entity Selection and Restructuring
- Payroll Services
- Cash Flow and Budgeting Analysis
- Mergers, Acquisitions, and Sales
- Government and Not - for - Profit Audits (Including Single Audits)
Tax Management Services
At Waschitz Pavloff CPA LLP, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. 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. We are knowledgeable and up to date on the tax laws, and we can make sense of your receipts, bills and notices.
From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Waschitz Pavloff CPA LLP'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 annually)
- Accounting system setup and support
- Payroll processing
- Cash flow budgeting and forecasting
- Personal financial statements
- Employee benefit and profit-sharing plans
- Corporate tax planning and return preparation
- Not-for-Profit entity Federal and State filings
Assurance and Advisory Services
From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Waschitz Pavloff CPA LLP's accounting services steers 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:
- Audits, reviews and compilations
- Entity selection and restructuring
- Accounting software selection, implementation and support
- Financial projections and forecasts
- Debt and financial advising
- Mergers and aquisitions
- Transaction structuring and negotiations
- Business succession
Audits, Reviews, and Compilation
Waschitz Pavloff CPA LLP's financial statement services comprise all three levels of assurance depending on your company's needs.
Compiled financial statements represent the most basic level of service Certified Public Accountants provide with respect to financial statements.
Reviewed financial statements provide the user with comfort that based on the accountants’ review, the accountant is not aware of any material modifications that should be made to the financial statements for the statements to be in conformity with the applicable financial reporting framework.
Audited financial statements provide the user with the auditors’ opinion that the financial statements are presented fairly, in all material respects, in conformity with the applicable financial reporting framework.
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. Waschitz Pavloff CPA LLP'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. Everyone should have a well thought out plan as to how to disburse one's estate so as to avoid complications and to be sure wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don't have any complications to deal with during a time of loss.
Financial and Retirement Planning
Waschitz Pavloff CPA LLP's goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. We can 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, Waschitz Pavloff CPA LLP can ensure that your portfolio will take into account tax implications for an advantageous after-tax return. The road to retirement is a long one and we can help you to take the proper steps to reach your goals.
Litigation Support and Forensic Accounting
Waschitz Pavloff CPA LLP litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, business valuations, business and marital dissolutions, and bankruptcies. These services can involve quantification of economic loss or damages, analysis of financial records, and fraud and theft investigation. Financial and personal records are often vast and confusing to sort through. With our professional training in this matter, we can make sense of these records and transactions and get to your bottom line.
IRS and NYS Representation (including Sales Tax Audits)
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 (including Sales Tax examinations). If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions that may be asked of you.
Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Waschitz Pavloff CPA LLP can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.
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, Waschitz Pavloff CPA LLP can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.
QuickBooks Accounting Help and Assistance
QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.
Waschitz Pavloff CPA LLP offers the following solutions to help meet your QuickBooks needs:
We train you personally! Either one-on-one or several individuals within your organization at your company's location.
We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.
We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.
Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.
Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.
Waschitz Pavloff CPA LLP's payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of payroll tax returns. We can also prepare your weekly or bi-weekly payroll.
Employee Benefits, Pension, and Profit-Sharing Plans
Choosing and administering benefit plans for your employees is often a complex process. Waschitz Pavloff CPA LLP can help you develop benefit, retirement, and profit-sharing plans with an eye toward rewarding your employees and reaching your company's financial and business goals. We can also help maximize tax advantages in implementing these plans. As your business grows, your business and your employees will be rewarded for the hard work that contributed to the success of your business.
Cash Flow and Budgeting Analysis
Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Waschitz Pavloff CPA LLP can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.
Financial Projections and Forecasts
No one can predict the future perfectly, but we can all benefit from planning for it. Waschitz Pavloff CPA LLP 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. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models.
Mergers, Acquisitions, and Sales
Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, Waschitz Pavloff CPA LLP can provide professional know-how to help you successfully structure and negotiate the deal. Waschitz Pavloff CPA LLP 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. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right business decisions for your business for optimum success.
Debt and Finance Advising
Whether your needs are corporate or personal, Waschitz Pavloff CPA LLP's professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments and/or reduce the total amount of interest paid. Re-balancing your debts can also result in tax deduction savings. Even if you are able to handle the payments and the amounts of your current debts, our expertise may be able to save you money and/or lower your payments.
Government and Not - for - Profit Audits (Including Single Audits)
We have conducted audits of villages, towns, counties, school districts and not-for-profit organizations, including Single Audits. Our experience and continuing professional education allows us to provide answers to the questions raised by our municipal and not-for-profit sector clients. We have also prepared many financial statements which have been awarded the Certificate of Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada.
Agricultural Tax Matters
We have served many farms and agricultural related businesses throughout the years. Our partners and staff know the technical accounting and tax laws surrounding agriculture. It is this knowledge that allows us to serve as great business and tax advisors for this industry.