| “Success is the sum of small efforts, repeated day in and day out.” Robert Collier Houldsworth, Russo & Company offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison. Below we have listed the services that we offer to our clients along with a brief description. As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional. |
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| (Click Service Title For Details) |
| 401K Plan Audits |
| Many company leaders are unaware that as an organization grows so does the need for a 401(k) audit. In fact, the government requires an annual compliance audit of financial statements to accompany the Form 5500 when a company reaches 120 employees that participate in the plan. For those companies just beginning a new plan where 100 employees are eligible to participate, an audit is required. Because staying compliant can be complex and challenging Houldsworth, Russo & Co. serves as a leader in providing audit services that are necessary in ensuring your company’s compliance in administering your 401(k) plan. |
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| Tax Planning |
| A tax plan that works is great. A tax plan that makes your money work for you is even better. Our approach to your tax strategy includes assessing your situation, taking continually changing tax laws into consideration and preparing a plan that minimizes your tax burden. This includes making sure you don’t overpay your taxes. After all, money works better when it works for you, not the IRS. |
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| Tax Preparation |
| Once your plan is set, we make sure that the preparation of your tax return is accurate and efficient. We have vast experience working with all different entities including: individuals, corporations, partnerships, trusts, estates and not-for-profit organizations. |
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| Retreat & Strategic Planning |
| Sometimes we all need a chance to step out of our day-to-day environment to re-evaluate and redefine our strategy internally as well as externally. However, this can be easier said than done. Our dynamic business coaches will lead your retreat and strategic planning session, and get you focused on aggressive measures for success. They will have you thinking about alternative strategies and not only give you new ideas for your business, but recharge your batteries at the same time! |
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| Business Development Round Table |
| Business owners are mentors to their staff, but who mentors the CEO? Our year long series of candid roundtable discussions are designed for business decision makers to seek assistance and creative ideas from other leaders. For half a day each month of the year you will learn from one another in addition to strategies that Fortune 100 companies use. Our facilitators assist you in turning these ideas into action plans for your company. The series consists of the following: Session 1: What is My Business? Session 2: What do I Want My Business to Be? Session 3: How Do I Serve My Customers? Session 4: What Else Should I Measure? Session 5: What Is My Business Dashboard? Session 6: How Are My Finances? Session 7: How Is My Team? Session 8: What Does My Team Think? Session 9: How Do I “Sell” My Business? Session 10: How Efficient Are Operations? |
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| Profitability Enhancement |
| Sometimes a company can realize greater profits simply by streamlining systems. Because we’re so close to the internal structure of your business we have clear ideas of how to review your systems and provide constructive solutions. We will make your job easier, maximize results and ultimately create higher profits. |
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| Setup and Training for QuickBooks and Peachtree |
| Running a business often requires you to function in areas that you may not be prepared for or have the natural talent in. Computers and software is often one of those areas. We will set up your accounting software, such as Quickbooks and Peachtree, and provide on-going support to your staff. |
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| CFO As You Grow |
| Okay, so your new company is thriving and you have a booming business. Your problem now is that work keeps you from the management of your company. We offer a program specifically for companies that do not want or need a full-time CFO, but could still benefit from the talent that a CFO brings to the table. |
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| Audit Services |
| Gone are the days of cookie-cutter audits filled with nothing but the history of a business. At Houldsworth, Russo & Company we’ve designed our audit services to do much more. We see your audit as an opportunity to focus beyond numbers to take advantage of areas for improvement. In fact, our goal is to use audit results to provide you with in-depth information to make better business decisions and take advantage of areas for improvement. In fact, our goal is to use audit results to provide you with in-depth information to make better business decisions. |
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| Reviews |
| This service is much more limited than an audit. We perform inquiry of accounting personnel regarding accounting procedures and we perform analytical procedures on the financial statements. Our opinion will state that we didn’t find anything wrong and only provides limited assurances. This service is requested of lender and bonding companies. |
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| Compilations |
| This service provides no assurance regarding the financial statements. We usually assist in preparing the financial statements but we do not perform any procedures to verify the information that is given to us. We must understand the business to understand if anything looked unusual. |
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| Bookkeeping |
| We provide our clients with incredible opportunity to grow through our bookkeeping and outsourcing services. Simply put, we enable you to put your focus where it should be – the growth of your business. Not the day-to-day tasks of bookkeeping. We keep your financial records organized and up-to-date leaving you free to focus on other crucial aspects of your business. |
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| Financial Statements |
| Financial statements are a powerful tool in making business decisions that encompass the entire company’s financial situation. We know that to properly use this information we must prepare financial statements in accordance with professional standards. However, we express no opinion or any other form of assurance on the underlying information included in them. |
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| Financial Forecasts & Projections |
| Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company’s financial growth. |
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| Cash Flow & Budgeting Analysis |
| A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company’s financial condition, estimate financing requirements, and track cash-flow sources and uses. |
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| Business Entity Selection |
| Whether you’re an “S” corporation, sole proprietor or limited liability company, the entity you choose is going to have long-term tax implications for your business. We will evaluate your choices and advise you on the entity that will offer you the most benefit. |
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| Cost Segregation Studies |
| Paying too much in taxes? Let us show you how to increase your tax deductions by maximizing the federal tax depreciation on your new or existing apartment building or commercial office building. As a member of the BDO Seidman Alliance, we now offer cost segregation studies. Ask us about receiving a free proposal for your property. |
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