Sourcing frees up businesses by allowing them to off-load non–core, yet vital areas of administration to companies specializing in that area. Small business accounting is a specific area where GKM can be of immense help. More and more CPA firms are discovering that vital but non-core/non-value add functions such as small business accounting are best managed by partnering with an experienced sourcing provider like GKM. Firms may source these services while still retaining the ability to review the end product.
GKM provides a complete range of affordable accounting services with its team of experienced CPAs, CAs, and skilled accounting managers. With its team of experts ready to service your accounting at all levels, GKM ensures your sourcing experience is truly rewarding.
Tax Compilation Services:
GKM’s accounting professionals also provide compilation services to CPA’s. Based on requirement these services may be monthly, quarterly or annual (tax compilation prior to tax prep). Of the three levels of risk assurance namely audit, review and compilation; compilation is possibly the easiest in that it is merely a presentation of financial data and does not require CPA’s opinion or conduct of various audit assurance procedures. Therefore it is also the easiest of the three to source.
Financial Compilation Services:
GKM’s team provides quality financial compilation services and also ensures that relevant tie-outs to source documents are done and any omissions properly documented. Financial compilation services are offered as part of tax preparation services as well as separately. As part of these services we also take into account the requirements for a tax return and ensure all information is made available to CPA prior to tax prep. This makes the CPA’s task easier and ensures that he is able to discuss any outstanding issues, request any missing information from the client prior to tax prep. This also makes the tax preparation process smoother and stress-free. Sourcing this task to GKM ensures the CPA has more time to focus on core issues for all clients and provides enough time even during tax season to prepare advisory notes or research specific issues for clients.
Accurate Financial Statements:
GKM’s team will familiarize itself with a client’s business prior to taking on a compilation task so as to gain a fair understanding of the way the business is conducted – the standard transactions and practices common to the business and the industry. This ensures that the compiled financial statements are free of material errors, represent a fair view of the business and may be used for strategic planning/expansion or funding purposes.
Tax Season Filing Expertise:
GKM understands that cleanup and back work projects are part of every CPA firm’s tax season tasks and these are time-consuming during peak season. GKM has special back work teams deployed during tax season to help CPA’s with a load of back work projects. If you typically have back work clients during the tax season, GKM will help complete the project smoothly and minimize your time-spent on such tasks.
GKM also provides financial analysis services. Financial planning and analysis are areas of core competence. Our team prepares and provides financial analysis reports based on CPAs requirements.
Contact GKM today to see how our affordable accounting and compilation services will benefit your business.
To discuss further,
3511 Silverside Road,
#105, Wilmington, DE 19810