The Best CPA Firm for Small Businesses

Financial Audits

Business auditing is the most thorough assurance service and takes more information requests. In an audit, our CPA will obtain evidence through inquiry with relevant personnel, verification, physical inspection, and substantive testing procedures. We will also examine your supporting or source documents, perform analytics, and request third-party confirmations to verify the balances and legal matters.

Our auditors have to ensure your financial statements are free of material errors or fraud. Your business may require an audit under the following circumstances:

• Requesting a major financing investment

• Raising equity

• Looking for extended credit from key suppliers

• Planning to sell a business

• Expecting funding by the federal or state government

• Expecting a public offering in the future

Depending on your specific line of work and industry regulations, you may be required to conduct routine audits. In these circumstances, you're often required to outsource your financial audits to an unbiased professional firm.

Additionally, your bank may require an external audit to verify if your finances are secure before offering a loan, particularly when large sums of money are involved. An audit is thorough enough to set the minds of potential investors, partners, and stakeholders at ease.

Our detailed audit report will clearly describe any areas of concern we discovered during our analysis. You can review our findings and act quickly to adjust and rectify components of your internal operations. By making these changes, you can safeguard your assets, improve your efficiency, and minimize overhead costs.

Reviews

A financial review helps clients understand your business's financial health by providing a detailed analysis of key financial metrics. This review typically includes a breakdown of revenue sources alongside an examination of direct and indirect costs. By analyzing these components, you will gain clarity on their profitability, identifying opportunities for growth and areas where expenses can be managed more efficiently. A thorough financial review can also highlight trends in revenue growth, profit margins, and overall cash flow, offering valuable insights into the business’s financial stability.

Reviews can help you to make informed decisions about reinvestment, cost management, and strategies to boost their bottom line. Whether you are looking to attract investors, secure financing, or streamline operations, a comprehensive financial review provides the necessary data and insights to guide these decisions, helping businesses grow and remain financially sound.

Compilations

A compilation is the most basic accounting service. It's a simple cover page written by our CPA to accompany your business's set of financial statements. With compiled financial statements, you're simply showing lenders that you have an association with a CPA, which can be valuable in demonstrating your company's capabilities and professionalism. However, a compilation doesn't offer a deep level of assurance on your financial statements' accuracy.

Since our CPA does a cursory check on the basic parameters of your financial statements to draft a compilation letter, you don't need any special preparation on your part. A compilation may be adequate for any small business owner looking for a personal loan.