Accounting and Auditing Services
- Employee Benefit Audits
- Audits in accordance with Government Auditing Standards (Yellow Book)
- Audits in accordance with the Uniform Guidance (Single Audits)
Before beginning an engagement, we confer with business owners and management to determine the appropriate level of service. We also assess specific risks so we can plan an effective and efficient engagement.
The constant changes in financial reporting can impact your organization. CNBP will clarify new pronouncements and assess whether your business is affected or not.
CNBP understands the important information that a financial statement audit provides about your business to lenders, regulators, and other interested parties. We also want the process to offer you additional value: a better understanding of your business, a chance to improve operations or financial reporting processes, and ways to strengthen internal controls.
If a financial statement audit is not necessary for your business, CNBP also provides review and compilation services for clients. These are less intensive than an audit, but still provide useful financial information.
- Federal Tax Strategies
- State and Local Tax
- Tax Structures
- Representation Before Federal, State and Local Taxing Authorities
- Estates and Trusts
- Offers in Compromise
With complex and ever-changing tax rules and regulations, businesses need advice when it comes to compliance, planning, and consultation. CNBP offers effective tax management solutions for your business.
In addition to tax preparation, we can provide strategic advice in choosing the appropriate tax structure for your corporation, S-corporation, partnership, LLC, estate, trust, or nonprofit organization. Together we can ensure that your company attains the maximum tax savings and benefits under the applicable tax laws. As a committed partner that knows your business, the CNBP team can recommend tax strategies such as incorporating individual and business tax planning or optimizing state and local tax planning. We are also experienced at handling offers in compromise with the IRS, and can represent you should you need assistance in dealing with an existing tax liability for the federal, state, or local levels.
We devote our time and expertise to each and every client and devote year-round planning to properly execute your tax strategy. We believe dedicated tax planning can be an integral aspect of your success.
The CNBP team possesses valuable knowledge of business operations, financial transactions, technology, and litigation to help your business to stay ahead of the competition, navigate an uncertain financial environment, and effectively strategize solutions.
Business Plans and Management Strategy
As an entrepreneur, you’re a risk-taker by nature, constantly trying to balance new business ideas and the accompanying financial risks. CNBP offers tailored services focused on getting your business to the next level. These services include strategic management with short and long-term planning and developing management objectives to provide greater efficiencies and profitability. No matter where you are in your business life cycle, we can help—from start-up through merger or sale.
Financing is an integral business tool for growth, cash flow, or weathering the storm. CNBP’s financial-industry relationships and experience can assist you in negotiating suitable financing for your circumstance.
Mergers and Acquisitions
When buying or selling a business, having the appropriate advisors is extremely important. In an M&A deal, we help our clients to clarify their goals and work with their legal counsel to ensure they attain maximum value for their investment through due diligence, strategic planning, and tax structuring.
Forensic and Litigation Support Services
During a litigation process, parties to litigation and legal counsel need specialized support from a financial team with the expertise and resoluteness to analyze transactions, support claims, defend positions, and provide documentation. The CNBP team can assist in the following areas:
- Developing damage studies and claims auditing
- Bankruptcy, insolvencies, and reorganizations
- Forensic accounting and fraud investigation
- Divorce and domestic relations
- Valuation preparation and analysis
Benefit Plan Audits
For many organizations, benefit plans are an integral aspect of compensation packages and retirement planning. As companies grow, there can be additional reporting and compliance requirements, such as annual audits.
Employee benefit plan audits include 401(k), 403(b), pension, and health and welfare plans subject to the Employee Retirement Income Security Act (ERISA) under the regulatory authority of the US Department of Labor (DOL).
When an employee benefit plan audit is required, it is important to engage an appropriate independent auditor for the plan. A quality audit assures both the employer and employee of the plan integrity, ERISA and DOL compliance, and fiduciary responsibility of plan assets.