Compliance

ACG Tax Compliance Services





Tax Returns

Our services include the preparation of federal, consolidated, and multi-state returns, and estimated tax payment calculations. We consider the use of tax credits such as research and development credits, manufacturing investment credits, enterprise zone and targeted jobs credits whenever applicable. We also maintain various carryover and depreciation schedules for our business clients.

Within the preparation of the federal and state tax returns, we appreciate and understand the foreign information disclosure requirements, whether they relate to foreign subsidiaries of a US entity, or the transactions within an affiliated group of a foreign owned US entity.

For state tax filings, we will review separate, consolidated, and unitary state tax filing requirements, as well as possible exemption from state income tax under Public Law 86-272.



Tax Provisions

Under the Sarbanes Oxley environment, many companies are finding that their current audit firm can no longer prepare their corporate tax provisions. This shift has occurred as many audit firms believe that they cannot now prepare a tax provision and then audit their own work. We can assist in the preparation of the tax provision and maintain your deferred tax asset and liability history. In addition, we can assist with discussions with your audit firm in the determination of when your valuation allowance, if any, may be required to be released. The timing of the valuation allowance may have an impact on your effective tax rate, and therefore EPS, on a prospective basis.



Accounting Services

Small companies often do not have the resources nor the time to focus on necessary day-to-day business administration functions. Instead, their preference would be to focus on their core competencies. Rather than commit financial resources to the hiring of a full-time office manager to perform your company’s bookkeeping and human resource duties, ACG can provide these services to you on a cost effective basis.



Bookkeeping

Full-charge accounting services may include, but are not limited, to the following:

  1. Balance sheet and Income Statement
  2. Preparation of cash receipts and disbursements
  3. Posting to general ledger
  4. Preparation of bank reconciliation
  5. Preparation of depreciation and amortization schedules
  6. Preparation of monthly budget and cash flows
  7. Preparation of month end reporting
  8. Receipt of invoices and preparation of checks for signature. For foreign companies with US offices, we can prepare and sign checks on your behalf subject to restricted cash limitations.


Human Resource Services

Human Resource Services will comply with California Labor Laws. Such services are not limited to, but may include the following:

  1. Preparation of employee manual
  2. Review and possible revision of employment letters
  3. Review and possible revision of employee NDAs
  4. Coordination with employees and payroll service
  5. Coordinating, establishing and maintaining employee’s health benefits
  6. Coordinating, establishing and maintaining 401K plans
  7. Coordinating, establishing and maintaining company’s business insurance


Financial Statement Compilation

We can prepare a compilation of your financial statements which will include balance sheet, income statement, and a statement of cash flows. A compilation is presented in the form of financial statement information that is the representation of management (owners) without any undertaking to express any assurance on the statements. A compilation may be prepared with or without footnote disclosure.