Services

Schulman Black & Katz, LLP, CPA'S provides a wide range of services to individuals and businesses in a variety of industries. We strive to meet each client's specific needs in planning for the future and achieving their goals. Our professional services include:

Tax Management Services

We offer tax planning with the goal of minimizing individuals tax liabilities, maximizing cash flow and keeping the client on track with their financial goals. Through our expertise, experience, analysis, and research we are able to offer different strategies to suit individual needs in relation to tax laws. We are knowledgeable and up to date on tax laws. We prepare individual, partnership and corporate tax returns. We also prepare payroll and sales tax returns.

Accounting Services

All businesses rely on accurate and insightful financial information in order to capitalize new opportunities and maintain profitability. Our accounting services help our clients to achieve these goals through accurate record keeping and reporting as well as support on financial issues such as cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.

We provide the following service:

  • Financial statement preparation
  • Bookkeeping (monthly, quarterly, or annually)
  • Accounting system setup and support
  • Budgeted cash flow and forecasting
  • Personal financial statements
  • Employee benefit and profit-sharing plans
  • Corporate tax return preparation
  • Corporate tax planning
  • Litigation support

Assurance and Advisory Services

We pride ourselves on close client relations. We have built our firm through our focus on client relationships. Assurance of financial records, evaluation of financial procedures and strategizing are all components to ensuring our clients face the challenges of planning and operating a business. We provide an objective point of view to assist in controlling costs, increase efficiency, and implement new technologies and procedures that utilize changes in the marketplace, accounting standards, and tax law.

We provide the following services:

  • Audits, reviews and compilations
  • Entity selection
  • Accounting software selection, implementation and support
  • Business valuations
  • Debt and finances advising
  • Mergers and acquisitions
  • Business succession

Audits, Reviews, and Compilation

Depending on the client's needs we provide three levels of assurance.

  • Audits offer the highest level of assurance and include examination and confirmation of specific account balances. An audit is conducted in according with generally accepted auditing standards in order to reasonably insure that the financial statements are free of misstatement.
  • Reviews provide limited assurance and involve inquires and analytical procedures that confirm financial statement matters and identify any items requiring further analysis.
  • Compilations are based on information provided by a company's management and are usually for internal purposes or bank loan purposes. They do not offer assurance, but may involve some adjustments 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. Our role is to help a client navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of their beneficiaries. A well thought out plan as to how to disburse one's estate helps to avoid complications and ensure wishes are followed. Having taxes and estate thoroughly and carefully planned will ensure that loved ones don't have any complications to deal with during a time of loss.

Financial and Retirement Planning

We can help a client to reach financial goals and maintain financial independence through a comfortable retirement. We can provide guidance 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. Through our tax knowledge, we can ensure that portfolios will take into account tax implications. We are here to help our clients to take proper steps to reach their financial and retirement goals.

Bookkeeping/Write-up

Accurate record keeping is essential to a successful business yet can also be complicated and time consuming. We can help with the organization and day-to-day tasks of bookkeeping so that management can focus on the core business.

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 the right product is purchased and then install, setup and use it properly. We don't just help our clients use the software; we help then use it more efficiently and more effectively.

Financial Projections and Cash Flow Forecasts

Planning is help to preparing for the future. We combine expertise and experience with an understanding of the business in order to provide financial projections and cash flow forecasts that can help our clients to manage their business plan and spending. We make it a point to keep current with market trends and updates so that our clients can be prepared for what is to come.