Services
Increasing complexity and continual change in the
business environment require that the successful business retain competent
professionals to serve specialized needs.
We offer a wide range of interrelated services and work with clients
directly or in conjunction with other professional service firms as a
co-source.
Vision
To create value for clients by providing insightful
service focused on end results that maximize our clients’ resources.
Mission Statement
To offer proactive tax
planning, preparation and representation services, investigative accounting
and compliance and other management consulting services specifically tailored
to each client’s needs, developing and maintaining an understanding of the
client’s needs as well as the everyday operations of the client. The firm is
dedicated to developing value-added solutions to our clients’ needs.
Clients
We have the resources and
qualified staff to service small local manufacturing and service companies, individual
accounts, non-profit agencies as well as large, publicly held companies. The services provided to our clients are
specifically tailored to suit each client’s needs.
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Tax Return Planning and
Preparation
IRS Representation
Investigative Accounting &
Compliance
Executive Outsourcing
Waikare Accounting Service
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Tax Return Planning
and Preparation
With the use
of foresight, experience and technical expertise, we prepare both federal and
state income tax returns for businesses, pension plans, and individuals. Using in-depth research and analysis, we
strive to minimize our clients’ tax liability. We are able to plan and prepare all Federal
and State forms. We e-file most tax
returns for added convenience.
Business tax returns are typically
prepared on site at the client’s location.
This way, as the return is prepared, we learn more about the client’s
business so that we can maximize tax-planning opportunities and offer
value-added solutions to other financial and operational problems. We also have strong relationships with
other CPA and consulting firms, law firms, investment firms and banks, which
allow us to champion tailored, complete business solutions for each of our
clients.
Personal tax returns are frequently regarded as a commodity by
many CPA firms. Our firm offers each
client, large or small, the personal attention he or she deserves. We always give an organizer (hard copy or
electronically) to each client so that the client can be completely prepared
for his or her appointment. Clients
can be scheduled for their tax appointments in the evenings or on weekends,
and we also have “drop off” service available for added convenience.
IRS Representation
Our experience is extensive
in representing taxpayers for various reasons before the IRS. Professional
representation is vital in many cases and will likely pay for itself. Under the provisions of a power of
attorney, the taxing authorities deal directly with our firm and it is no
longer necessary for the taxpayer to have contact with them. Furthermore, problems with the taxing
authorities can be a sign of more significant problems that are “under the
surface”. We help you identify those
problems at the root cause and assist you with a plan to mitigate those problems.
Payment Plan Organization: Individuals and corporations are often
asked to complete complicated forms in order for the Internal Revenue Service
to confirm a payment plan to pay a tax debt.
Proper completion of form 433-A or 433-B is essential and can often be
complicated. We have extensive
experience completing these forms and can assist to secure the most favorable
payment plan for you.
Penalty Abatements:
Most penalty assessments are paid by taxpayers without question;
however, the IRS and New York
State allow the abatement
of penalties under specific circumstances.
We will review your circumstances and, if applicable, present the
facts in such a manner as to have penalties abated and tax liability reduced.
Federal and State Audits: It is inevitable that a percentage of tax
returns will be audited. When you
receive a letter of examination, you should consult with our office to
evaluate the best way to proceed prior to discussing the issues with the
auditing agency.
Payroll and Sales Tax Problems: Small business owners will frequently find
themselves in arrears on taxes.
Employment and Sales taxes must be paid and, if necessary, a business
may need an extended period of time to pay delinquent taxes. We can assist with evaluating the penalties
and arranging a payment plan.
Unfiled/Delinquent Returns: Many times an individual or business will
not file returns for several years. Do
not allow the fear of not filing prevent you from addressing the
problem. We encourage you to arrange a
consultation with us so that we can advise you of the best course of action.
Offer in Compromise:
Although popular, this process often is misunderstood by the average
taxpayer and professional without experience in this area. There is no individual at your local IRS
office that has the authority to negotiate and compromise your tax on the
spot. An offer in compromise must be made by presenting various
forms. An understanding of the forms
and process is essential before beginning communication with the IRS and will
determine the amount of your offer. We
have the experience to get results.
Experience:
-
Represented a business owner who owed $120,000 in
payroll taxes after the business was closed (trust fund recovery
penalty). Prepared an offer in compromise
that was accepted by the IRS for $30,000.
-
Represented a computer programmer that owed the IRS
$160,000. Prepared an offer in
compromise that was accepted by the IRS for $66,000.
-
Represented a Psychiatrist that owed the IRS
$40,000. Prepared an offer in
compromise that was accepted by the IRS for $1,000.
Investigative Accounting & Compliance
Investigative
Accounting is the application of a transaction reconstruction
methodology. It is frequently
associated with the analytical investigation of civil or criminal actions,
such as: white-collar crime (fraud and embezzlement), insurance casualty
claims, loss measurement, bankruptcy, matrimonial cases and the general abuse
of trust relationships.
Typical tools used in investigative
accounting methodology are bank records, corporate records, third party
source documents, past financial statements and tax returns, interviews and
credit reports. Once the evidence has
been gathered, our firm can analyze and deliver clear, accurate and unbiased
reports that reflect the results of the investigation or actually reconstruct
the data, depending on the needs of the client.
We have also been engaged to
assist with the reconstruction of several clients’ general ledgers after a
computer software and/or hardware malfunction while concurrently developing
written financial procedures and protocols, and have assisted clients with
the difficulties that can occur subsequent to the unexpected departure of a
key officer, financial executive or manager.
Compliance is
the development of key objectives to safeguard the assets of a company on
behalf of both management and shareholders.
We develop the testing processes to ensure that the internal control
objectives are being adhered to and, subsequent to the testing process,
improve the controls in a cost-effective manner. During the course of this process, we
provide superior business advisory services because we are “in the trenches”
and understand the company from the bottom up, not only from a compliance
perspective but from a process improvement perspective as well.
We function as outsourced
internal auditors and/or in conjunction with independent auditors to identify
key control objectives, develop audit frameworks and write audit narratives,
working as an outsourced internal audit department or to help a company with
its SOX (Sarbanes-Oxley) compliance. We
have the experience with every step of the SOX process, from developing
narratives to testing and validating the existing internal controls. We also have experience with compliance testing,
COSO compliance and the remediation of audit issues. We interact with top
management throughout the engagement so that the company will have the risk
management information and process improvement input to allow management to
make optimal business decisions and maximize strategy.
Experience:
-
Worked
as a consultant for a home health care company that was going through its
initial public offering. Prepared
internal control narratives in order for the company to become SOX compliant.
-
Worked
as a consultant acting as a liaison between the investment bankers,
attorneys, and an acquisition candidate, preparing a high tech biometric
identification company for a reverse merger into a publicly traded
shell. Prepared financial projections,
business plans, assisted the attorneys with the preparation of the S-4 and
hired the Vice President of Finance that had the skills to take the company
to the next level.
-
Worked
as a consultant for a public manufacturing company in Rochester, New York,
assisting the firm as a co-source with respect to their Sarbanes-Oxley
initiative. This included the
development of a detailed understanding of several processes and the
documentation of said processes in narrative form, development of test plans
to ensure that the processes and the internal controls surrounding the
processes were functioning as designed, testing the processes and internal
controls for compliance and writing detailed conclusions describing findings
and necessary improvements to the processes and internal controls that were
subsequently presented to the company’s independent auditing firm and top
management. Also involved in the
quality assurance and review of other consultants’ work during the initiative.
Executive Outsourcing
We act as an interim Chief
Financial Officer (CFO) or controller. Utilizing an independent professional
financial executive on an interim, part-time basis can be a great solution
when a client is replacing personnel, growing to the point where a full-time
presence is not yet needed (start up), or during more difficult times, when
there are plant closings and the client needs assistance with asset
preservation and liquidation, a reorganization, foreclosures or even
downsizing.
Experience:
-
Acted
as an interim CFO for a troubled $15 million electrical equipment
manufacturer and contractor.
Negotiated with the IBEW local to allow the company to reduce its
union workforce by 10%. Spearheaded
effort to determine the mapping problems with the software; we acted as a
mediator between the software provider and the client to resolve issues and
reconstructed the general ledger account by account. While acting as an interim CFO, hired a
replacement candidate and focused the company on more profitable product
lines. Today, the company is looking
for suitable acquisition targets in order to increase its market share.
-
While
acting as the CFO for a telecommunications company, assisted in the
successful acquisition of a $2 million construction company, negotiating
terms of the deal and performing due diligence on behalf of the client.
-
Acted as the divisional CFO for three publicly traded
power plants, reconstructing the general ledger after a computer system
failure, and went on to coordinate and facilitate the external audit, saving
the client $30,000 in audit fees.
-
Involved in a startup EDP label manufacturing company
as the interim CFO and assisted management with building the company to $6
million in annual sales. Implemented
cost cutting procedures that allowed the plant to have its first profitable
year. Also assumed duties as acting
president of the company for several months during the temporary illness of
the President/CEO
-
Acted as the interim controller for a startup
manufacturing company that specialized in medical equipment. Set up costing systems and performed due
diligence for the acquisition of a tool and die facility.
-
Acted as a
divisional controller for a milk cooperative in Ohio,
winding down a division in Syracuse,
New York. Facilitated the transition of personnel and
assets to the parent cooperative.
-
Taught graduate-level accounting, tax and law courses
in a distance learning program sponsored by Southeastern University in
Washington, D.C., traveling to Hong Kong to lecture for a 2-3 week period as
a follow-up and supplement to correspondence courses taken by Chinese
graduate students.
Waikare
Accounting Service
Waikare Accounting Service
Waikare Accounting Service is a
partially owned subsidiary of Kevin L. Pohle, CPA, PLLC. The practice owns a minority share of the
business, which is a Woman Owned Business.
Waikare was established in
October of 2007 with the idea that many businesses needed value added
accounting services but at different service levels. Waikare prides itself in meeting client
needs on a specific, as needed basis where the accountant and the client work
together to tailor the services rendered to meet the client needs at a
specific time, rather than a one size fits all solution. We recognize that our clients function in a
dynamic environment and the firm takes pride in the fact that we are able to
provide a broad range of solutions for a variety of clients with
ever-changing needs. Waikare takes the
day to day effort of managing the client’s books away from the owner and
allows management to focus on the business, while the accountants at Waikare
provide the information and analysis to make solid business decisions. We also make the end of year scramble for
final reporting and tax preparation and planning far more manageable.
Our staff is familiar with many
software packages, but is most intimate with QuickBooks accounting software
and they also have the ability to work with spreadsheets to offer further
data for deeper analytical results.
Each staff person has in excess
of twenty years experience in accounting, tax and finance and is used to
working on client site directly with the client’s management and staff. We also have the ability to offer full
service accounting solutions in our own office, located at 5820 Main Street in Williamsville, New York.
We have the ability to work
directly with clients but also have relationships with other professional
service firms, where we offer solutions to their clients as a co-source that
is fully integrated and seamless to the client.
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