| Robert R. Fitzjarrald, CPA offers securities through Medallion Investment Services, Inc. # |
| Member FINRA / SIPC, Tel. (410) 544-8400, 143 West Chestnut St., Canton, IL 61520. |
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| 403(b) investments # |
| Tax sheltered investment plan for teachers, hospital employees and certain other non-profit organization employees. Call us for a no obligation review of your current 403(b) investment plan or to learn more about starting a new 403(b) account. |
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| 401(k) plan // IRA rollovers # |
| We can assist in developing a strategy to roll over your retirement plan distribution to an IRA allowing for continued tax deferred compounding. We can also prepare a plan for income distributions at your desired age to begin withdrawals. Call us to schedule a no obligation review of your retirement plan prior to the expected plan distribution date.
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| Roth IRA investments # |
| A Roth IRA provides for tax free, as opposed to tax deferred, income when the required holding periods are met. Our staff can show you why a Roth IRA is too good to pass up. A Roth IRA can be funded on a monthly basis and should be started as early as possible to achieve the longest tax-free compounding periods. |
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| Individual Retirement Account (IRA) investments # |
| Our staff can assist you in the implementation of individual retirement accounts. We welcome the opportunity to discuss your 401(k) plan rollover to allow for continued tax deferred compounding. |
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| Employee Benefit Plans |
| The accounting and tax issues involved with employer-provided benefit plans can be overwhelming. We can assist with the development, implementation and administration of your employee benefit plan. |
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| Other Services |
| Due to our diverse client base, we encounter a wide array of financial and tax issues. As a result, we have gained valuable experience over the years in numerous specialized areas, many of which are listed below. We feel our ability to provide such a variety of services reflects our versatility and competency, as well as our dedication to quality client service.
*Mergers & acquisitions
*Asset protection
*Bankruptcies
*Cash flow forecasting
*Employee benefit plans
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| Accounting Services |
| Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:
*General ledger & financial statement preparation
*Bookkeeping (Monthly/Quarterly/Annual)
*Accounting system setup for new businesses
*Computerized payroll services
*Business tax return preparation (Sales & Use/Business Property)
*Personal financial statements
*Litigation support |
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| Audit Services |
| We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your entity's financial stability and efficiency. Audits differ from reviews and compilations, as they are an in-depth examination of your entity's systems and records providing the highest level of assurance. We have extensive audit experience with private enterprises, non-profit and governmental entities. All of our audit staff are certified public accountants. Thus, no non-certified, unlicensed staff accountants are used in your audit. |
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| Reviews & Compilations |
| We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on two levels of assurance:
*Review - some analytical procedures conducted with limited assurance
*Compilation - based upon client information provided and used primarily for internal use. |
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| Bookkeeping/Write-Up |
| Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping. Timely prepared financial reports provide management with an added tool to maximize their effectiveness. In addition, such reports allow for planning opportunities for tax minimization. |
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| Financial Statements |
| We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial and tax related decisions. |
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| Financial Forecasts & Projections |
| Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals. |
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| Cash Flow & Budgeting Analysis |
| A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses. |
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| Tax Planning |
| Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities. |
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| Tax Preparation |
| All income tax returns are prepared by our four CPAs. The extensive years of experience of our CPAs and our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, fiduciaries, and not-for-profit organizations. You likely will find our cost to be below that of national chains with inexperienced and part-time non-CPA employees. |
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| Payroll Services |
| As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner. If you so desire, we can also prepare your company's payroll checks. |
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| Sales Tax Services |
| Many of our clients are responsible for collecting and submitting sales taxes in many different jurisdictions. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner. |
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| Estate & Trust Tax Preparation |
| Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order and work with your attorney to initiate and maintain your plan . |
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| Consulting Services |
| We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following is just a few of the areas in which we provide consulting services:
*Accounting software selection and implementation
*Type of entity selection
*Business valuations
*Buying/selling a business
*Computer systems
*Financial & retirement decisions
*Estate, trust & gift planning |
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| Accounting Software Selection & Implementation |
| With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting one that is right for you has become increasingly difficult. As accounting professionals, we are exposed to most programs through trade journals and actual use. Our experienced staff can help you choose and implement the system that best fits your needs. We specialize in Quickbooks installations and consulting. |
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| Business Succession Planning |
| Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive and negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company. |
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| Buying & Selling a Business |
| Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations. |
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| Fraud Prevention & Detection |
| We use accounting and auditing skills to provide an analysis of financial records in conjunction with fraud and theft investigation. Our damage measurement methods can determine the extent of financial loss and illegal practices. |
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| Financial Planning |
| # A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security. We can also assist in selecting appropriate investments to fund the financial asset portion of your financial plan. |
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| Retirement Planning |
| Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years. |
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| Management Advisory Services |
| Even the most qualified managers can benefit from competent, objective feedback. We can help your company's management team develop long-term objectives and specific strategies to facilitate your business' future growth and success. |
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| Business Consulting |
| We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. |
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| Pension & Profit Sharing Plans |
| # Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, 401(k)s, SIMPLEs, SEPs…) can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating and implementing the type of retirement plan that will best serve the retirement needs of you and your employees. Call us for an appointment to review your existing plan or to learn more about implementing a new plan for your business. |
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| Investment Review |
| # We will work with you to develop your personal tailored investment strategy. We can help you build an investment portfolio that takes into consideration the impact of taxes and produces a favorable after-tax return. |
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| Business Entity Selection |
| Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive and negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company. |
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| Compilations |
| We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. Compilations differ from reviews and audits as they are based upon client information provided and used primarily for internal use only as no assurance is expressed. |
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