Services Offered

Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison. Below we have listed the services that we offer to our clients along with a brief description.

As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional.
(Click Service Title For Details)

•   Trust planning and administration

•   Reviews & Compilations

•   Bookkeeping/Write-Up

•   Tax Services

•   Consulting Services

•   Estate Planning

•   Financial Planning

•   Retirement Planning

•   Pension & Profit Sharing Plans

•   Investment Review

•   Business Entity Selection
  

Services

Trust planning and administration
Trust planning resulting from death of a grantor is a specialized area. Typically, subtrusts are required to be funded. Frequently these trusts require an accounting to beneficiaries. Compliance is not only required by California law but failure to comply can result in higher federal and California taxes. We can assist you or your attorney in these issues. We also advise taxpayers on the use of charitable trusts, setting up such trusts, and filing the applicable tax returns for these entities. 
 

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. 
 

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. 
 

Tax Services
We prefer to take a proactive vs reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include but are not limited to:
*Tax planning & return preparation.
- Individuals
- Corporations
- Partnerships
- LLCs/LLPs
- Estates, trusts & gift
- Not-for-profit organizations
*Taxing authority representation.
*Divorce and support issues.
*Tax effects of buying/selling a business. 
 

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. 
 

Estate Planning
Effective estate 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 business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order. 
 

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. 
 

Retirement Planning
Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years. 
 

Pension & Profit Sharing Plans
Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs…) can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees. 
 

Investment Review
As you develop your investment strategy, we will act as your sounding board. We can help you and your investment advisor build an investment portfolio that takes into consideration the impact of taxes and produces a favorable after-tax return. 
 

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 or 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. 
 

©2009 Levering & Hvasta, CPAs LLP