We provide an array of services each of which is geared towards your specific needs.
- Audit and Attestation Engagements
- Income Tax Return Preparation
- Employment Tax Return Preparation
- Sales Tax Return Preparation
- Litigation Support
- Estate Planning
- Tax Planning
- Business Entity Formation
Audit and Attestation Engagements
It is the policy of this firm that all audit, review and compilation engagements be properly planned, performed, supervised, reviewed, documented and communicated in accordance with the requirements of professional standards, regulatory authorities and the firm. BKC is a member of the AICPA and FICPA and is therefore subject to the peer review system. We would be happy to share our unqualified peer review results with you upon request.
Our goal at BKC is to assist small and mid-sized companies to meet their reporting needs. Currently, BKC has an extensive range of assurance clients. Our engagement team has experience in the following industries:
- Medical and Home Health Care
- Franchisor and Franchisee
- Service and Professional
- Churches and Not-for-Profits
- Retail and Wholesale
- Real Estate
- Condominium and Home Owners Associations
At BKC, your organization will get the time and attention it deserves due to our small firm size. Your business, framework and key controls are the focus of our engagements. We make sure your organization will be involved in the initial planning of the engagement and we will schedule the work to ensure your timetable is achieved. Many of our engagements involve doing interim work, which results in issues being identified early and resolved in a timely manner.
For all of our audit and attestation engagements, we utilize the newest technology and operate in a virtually paperless environment. Through our paperless audit software, we have access to a national firm's information network to gain knowledge, strength and experience that we may not have in our immediate staff. This allows us to use a national firm's proven audit methodology while continuing to provide the personal service a smaller firm offers.
Reviews and CompilationsFor clients that have reporting needs that do not require an audit, a compilation or review may be a suitable engagement.
A compilation engagement involves summarizing your transactions into financial statements, with no assurance as to the validity or correctness of the account balances. However, we can provide accounting and bookkeeping assistance if necessary for the preparation of the financial statements.
A review engagement involves our firm reviewing your financial statements and issuing a report with limited assurance as to the validity or correctness of the account balances.
AuditsWhile performing an audit, we will evaluate internal control policies and procedures and adherence to these policies. We will perform a risk assessment to assess the risk that errors or fraud may cause a material misstatement of the financial statements. We will test the validity and correctness of financial data in order to form an assurance to financial statement readers that the reports conform to accounting principles generally accepted in the United States of America.
To achieve the standards BKC requires, the firm adopted and integrated within its quality control system the use of a national firms accounting and auditing manuals and practice aids. These aids are industry specific and are tailored by the engagement team to address the specific risks within your company. This allows our firm to utilize an "audit risk" approach while performing audits efficiently and in a paperless environment.
We will prepare your income tax return ( individual, corporate, partnership, or fiduciary) for submission to the IRS or to your state’s department of revenue in accordance with federal and state laws in effect.
Employment Tax Return Preparation
We will summarize your payroll every quarter and prepare payroll tax returns (941 & Uct6) for you. At the end of the year, we will prepare your W-2, W-3, and 940.
Based on your sales reports, we will prepare your sales tax returns at the frequency required of you by the department of revenue.
We will help you create financial reports that you can use in civil cases and in some instances, we will appear as expert witnesses in your behalf.
We have a vast experience in this field. Our Ms. Marcia Babione has done various estate planning that benefited many of her clients. We will evaluate your net worth and devise a plan that will save you and your heirs taxes.
At the start of the year, you can sit down with us and determine, through projections, your possible tax liability, if any, and institute tax saving measures where feasible to reduce or defer taxes.
If you are self employed and contemplating to incorporate or form a partnership, we will present you with the advantages and disadvantages of changing your status depending on the kind of business or profession you are in. We can even help you in preparing forms to obtain federal id number and subchapter s election approval.
