Farrell William P & Co CPA

Website Links

Description

Your stockholders, creditors, or private investors have different levels of risk tolerance, so we provide three levels of assurance to meet your needs.

Stockholders, creditors, and private investors often need assurance that the financial statements accurately represent the true financial position of a company. Your stockholders, creditors, or private investors have different levels of risk tolerance, so we provide three levels of assurance to meet your needs.

You get the highest level of assurance because we go outside your company to obtain more information. Typically, we'll have written communication with: Your customers, to check outstanding receivable balances, Your banks, to confirm cash or debt balances and terms, Your vendors, to verify outstanding payable balances, and Your attorneys, for information on pending or threatened legal action. We also perform physical inspections by observing your inventory counting methods and perform test counts.

Minimizing the tax bite. The tax burden when transitioning a family business can be significant. The challenge is that a family business is not generally a liquid asset, but taxes are typically due when ownership is transferred.

Products & services

Similar companies nearby