The firm renders the professional services of auditing, financial accounting, accounting system design and installation, tax returns preparation and tax planning, outsourcing and other financial services as described below.
The collective expertise of the various professionals at Glenroy H. Prince, CPA and our affiliates is drawn upon to develop and install tailor-made accounting systems for clients. Depending upon the resources, size and need of client, the system design may range from work sheet summaries to a sophisticated computerized system.
Other accounting services rendered range from compilation and review of financial statements to preparation of bank reconciliation. Compilation and review of financial statements are performed in accordance with standards established by the American Institute of Certified Public Accountants.
The principal responsibility of our auditing professionals is to perform the attest function (that is, to verify the fairness of the presentation of the financial statements on which we have rendered an opinion). In performing the attest function, we examine the financial statements prepared by management of the client organization to determine whether such financial statements have been prepared in conformity with generally accepted accounting principles. In the process of studying and evaluating the system of Internal Control for processing the information contained in the underlying transactions, Glenroy H. Prince, CPA, adheres to the standards established by the American Institute of Certified Public Accountants.
We have demonstrated competence in the unique Audit and Accounting requirement of a wide spectrum of industries including:
- Food services
- Not-for profit housing
- Retailing service
- Professional companies
Our tax professionals are a team of CPAs and staff accountants devoting substantially all their time to taxes (that is Sales Taxes, Income Taxes, Business Taxes, Estates and Trusts, and Payroll Taxes). These professionals' most important function is to minimize our client's liabilities through planning, projections and constant monitoring of the changes in the tax laws.
They are also responsible for the accurate preparation of all clients' tax returns and for representing client in the event of a dispute with any taxing authority.
Certified Public Accounting firms have historically served as business advisors and consultants. The management Advisory professionals provide services such as counseling client in their analysis, planning, organizing, operating and controlling function; conducting special studies, preparing recommendations, proposing plans and programs, and providing advice and technical assistance in program implementation, reviewing and suggesting improvements of policies, procedures, and methods to client management.
We utilize state of the art software that gives us the capability to customize a payroll system to your specific needs. Extensive information can be maintained for each employee and reports can be easily developed to meet your needs.
Total confidentiality is maintained in all firm activities. We are bound by the high codes of business ethics of the AICPA (American Institute of Certified Public Accountants).
Our payroll professionals will:
- Consult on technical payroll tax and unique compensation arrangements
- Calculate earnings, taxes and other deductions
- Provide data entry detail on request
- Prepare form 940, 941, W-2's and Employer's Quarterly Federal Tax Return
- Prepare state unemployment and state and local withholding tax returns, including multi-state reporting
- Provide consultation on technical payroll tax and unique compensation arrangements
- Calculate earnings, taxes and other deductions for each employee
- Oversee IRS unemployment and workers' compensation audits on premises
- Produce general ledger summary for payroll posting
- Respond to tax agency notices when necessary and appropriate
Business valuations should be performed by trained and experience CPAs. This is especially important if your valuation results become a matter of legal concern or if you are experiencing an IRS audit. The analysis of a qualified valuation analyst will command a higher level of respect and credence than one received from a generalist or less informed source.
We prepare business valuations for:
- Buying and selling business
- Buy/sell agreements
- Successions planning
- Litigation support (including divorce and lost profit damages)
- Charitable contributions tax deductions
- Purchase price allocations
- Capital infusions
Outsourcing assistance through Glenroy H. Prince, CPA can benefit an organization of any size. Whether you need is short- or long-tem, partner- or professional level we help you fill voids in capacity and capability across a variety of business functions.
By hiring Glenroy H. Prince, CPA's professional staff, you can gain instant access to skilled resources not available internally, supplement in-house functions or reassign personnel for more productive purposes. Our team of professionals is qualified to fill almost any financial-related position with minimal training and disruption to your staff.
We can fill vacancies resulting from:
- Changes in personnel
- Leaves of absence
We can provide day-to-day support and expertise for projects such as:
- Internal audits
- Sales and use tax audits
- Profitability analysis
- Cost accounting
- Payroll reviews
- Corporate business tax assistance including state and local filings
- General business consulting