Kohrman Frye & Associates, CPAs CPA Consulting and Tax Service Professionals

Kohrman Frye & Associates, CPAs provides a wide range of services to individuals and businesses in a variety of industries. At Kohrman Frye & Associates, 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: Tax Management Services Accounting Services Assurance and Advisory Services Audits, Reviews, and Compilation Estate and Trust Planning and Tax Preparation Debt and Finance Advising Financial Projections and Forecasts IRS Representation Bookkeeping/Write-up Entity Selection and Restructuring QuickBooks Accounting Help and Assistance Computer Consulting Payroll Services Employee Benefits, Pension, and Profit-Sharing Plans Cash Flow and Budgeting Analysis Tax Management Services At Kohrman Frye & Associates, CPAs, 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 can make sense of your receipts, bills and notices. Accounting 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. Kohrman Frye & Associates, 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 - Employee benefit and profit-sharing plans - Corporate tax planning and return preparation - Litigation support We can set up financial reports for your view to streamline your business and save your valuable time. These reports are important tools that can guide your business in making financial decisions, planning, and evaluating performance. Assurance and Advisory Services At Kohrman Frye & Associates, 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. Our assurance services will improve information quality or its context, meaning more success for your business. 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 - Business succession Audits, Reviews, and Compilation Kohrman Frye & Associates, 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. We perform audits for you to remove errors, ascertaining the validity and reliability of your information. - 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. We perform reviews to ensure the integrity of your data. - 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. 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. Kohrman Frye & Associates, 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. 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. Debt and Finance Advising Whether your needs are corporate or personal, our professionals can assist you in sorting out the different options available for debt management and financing that will result in optimal tax implications. Financial Projections and Forecasts No one can predict the future perfectly, but we can all benefit from planning for it. Our firm 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. IRS Representation 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. 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 the IRS may be asking of you. Bookkeeping/Write-up Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Kohrman Frye & Associates, CPAs 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, Kohrman Frye & Associates, CPAs 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. Kohrman Frye & Associates, CPAs offers the following solutions to help meet your QuickBooks needs: Personal Training- We train you personally! Either one-on-one or several individuals within your organization at your company's location. Installation- We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode. Setup- 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. Support- 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. Review- 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. Computer Consulting As technologies rapidly advance, companies increasingly need to update their computer systems. Kohrman Frye & Associates, CPAs can audit your system competencies and gauge upgrade needs as well as provide support in choosing and implementing new hardware or network systems. As experts in this field, we can put your computer problems at bay as well as improve your computer system's performance taking into consideration any budget you may have. Payroll Services Kohrman Frye & Associates, CPAs'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 tax returns. Employee Benefits, Pension, and Profit-Sharing Plans Choosing and administering benefit plans for your employees is often a complex process. Kohrman Frye & Associates, CPAs can help you develop, implement, and administer your 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. Kohrman Frye & Associates, CPAs 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, rebalance 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.