Michael Shapiro, CPA, Inc 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 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
- IRS Representation
- Entity Selection and Restructuring
- Pension and Profit-Sharing Plans
- Mergers, Acquisitions, and Sales
Tax Management Services
At Michael Shapiro, CPA, Inc, 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.
From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Michael Shapiro, CPA, Inc'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, pension 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
- Pension and profit-sharing plans
- Payroll processing
- Personal financial statements
- Corporate tax planning and return preparation
Assurance and Advisory Services
At Michael Shapiro, CPA, Inc, we focus on building close client relationships that add long-term value. This includes assuring the accuracy 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
Audits, Reviews, and Compilation
Michael Shapiro, CPA, Inc'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 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. Michael Shapiro, CPA, Inc's role is to provide advice and guidance in co-ordination with other specialists as needed helping you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the needed 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
Michael Shapiro, CPA, Inc's goal is to work in conjunction with your financial planner and attorney assisting you to reach your financial goals and maintain financial independence through a comfortable retirement. We can guide you through tough decision-making processes such as college education funding, retirement plans, and tax, estate, and business succession planning. Whether you are developing an investment strategy or evaluating current investments, Michael Shapiro, CPA, Inc can advise you as to the tax implications of these various strategies. The road to retirement is a long one and we can help you to take the proper steps to reach your goals.
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.
Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Michael Shapiro, CPA, Inc 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, Michael Shapiro, CPA, Inc 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.
Michael Shapiro, CPA, Inc can provide shareholder compensation, planning, and after the fact payroll preparation for your business.
Pension and Profit-Sharing Plans
Choosing and administering retirement plans for your employees is often a complex process. Michael Shapiro, CPA, Inc can help you select the appropriate pension administrator and implement retirement strategies by keeping an eye towards rewarding your shareholders, employees, and staff. We can also help maximize tax advantages in implementing these retirement 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.
Financial Projections and Forecasts
No one can predict the future perfectly, but we can all benefit from planning for it. Michael Shapiro, CPA, Inc 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, Michael Shapiro, CPA, Inc - in coordination with your attorney - can provide professional know-how to help you successfully structure and negotiate the deal. Michael Shapiro, CPA, Inc 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.
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 work together with Independent QuickBooks Pro Advisors and Independent Bookkeepers as needed to set up your QuickBooks package and provide you the most professional and cost efficient service. After you have processed the accounting data for the particular period you can send us an “Accountant’s Copy” to our office by CD or email. We adjust your records as necessary and send you back the corrections, updating your books. Or if you are using QuickBooks Online, with your permission we can make changes directly though the web to your books. We can use the QuickBooks data to prepare Compilation, Review or Audit Reports to submit to lending or other governmental institutions as part of a loan application or other reporting requirements you may have.