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Services

Forrestall CPAs provides a wide range of services to individuals and businesses in a variety of industries. At Forrestall CPAs, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Our professional services include:


Tax Preparation and Planning

At Forrestall CPAs, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.

There are different types of business tax returns, each having their own unique issues and tax consequences. We have extensive experience in not only preparing business tax returns, but also in providing the kinds of tax planning that helps companies minimize taxes and maximize strategic financial resources.

  • Corporate tax return: Form 1120 ("C" Corp)
  • S Corporation tax return: Form 1120S
  • Partnership tax return: Form 1065
  • Limited Liability Corporation tax return: 1120S, 1065 or Schedule C
  • Multi-State Taxation (Nexus) Consulting

Pricing

Our average fee for a Federal and Georgia corporate tax return is $1,450. Business tax returns, in general, are much more complex than individual tax returns; therefore, requiring additional time to ensure they are complete and accurate. Many times, clients provide us with data that cannot be readily transferred to a tax return without us taking additional time to make necessary adjustments. When we are preparing a business tax return, we prefer to review each client's information prior to completing the work in order to give them an estimate of our costs and time involvement.

The average fee for an individual's federal and Georgia tax returns is $375. If additional states are required (more than one), or if a taxpayer has a more complex return (numerous rental properties, Schedule C, businesses, etc.), the fees can be higher. However, we have clients whose returns are lower than this $350 average fee, and others that are higher. In every case, we will seek to do your returns as efficiently and cost effectively as possible. Please let us know, prior to beginning your work, if you would like a specific quote for the cost for preparing your returns.

Tax Planning

As CPA's, we strive to go over and beyond the task of simply preparing a tax return. Our goal is to provide each of our clients with sound tax planning advice that will enable them to minimize and defer their current tax burden.

Most of the time, this tax planning occurs on a continuing basis. Each year, we advise our clients to make an appointment; and let us review their present situation, future goals, and the tax planning opportunities and savings they may wish to consider implementing.

Our fees for Tax Planning and Consulting are based solely on the time involved. You can anticipate fees from $150 - $265 per hour, depending on the level of complexity involved and whether a tax staff, manager, or partner is required to assist you.

Audits, Reviews, and Compilation

Forrestall CPAs financial statement services comprise all three levels of assurance depending on your company's needs.

Audits

Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions. We perform audits for you to remove errors, ascertaining the validity and reliability of your information.

Reviews

Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.

Compilations

Compilations are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.

Our pricing for these services vary upon the service, the industry and your specific company details. We guarantee that our audit and review services fees are at least 15% less than the fees you paid your prior CPA for the prior year same service. Our high level of efficiency, low turnover rate of staff, experience affords us the ability to guarantee a lower fee without compromising quality.

To perform these services a CPA must undergo Peer Review every three years. The process of Peer Review involves an outside CPA auditing our audits/review/compilations to ensure we comply with current standards and quality. Our managing partner is a licensed peer reviewer of other CPA firm audits. A copy of our most current peer review report is found on the About Us page.

Assurance and Advisory Services

At Forrestall CPAs, we focus on building close client relationships that add long-term value. This includes assuring the solidity of financial records, evaluating financial procedures and working to produce strategies that help our clients face the myriad challenges of business planning and execution. Our clients benefit from objective analysis to assist in controlling costs, increasing efficiency, and implementing new technologies and procedures that take advantage of changes in the marketplace, accounting standards, and tax law. Our assurance services will improve information quality or its context, meaning more success for your business.

These services include but are not limited to:

  • Audits, reviews, and compilations
  • Entity selection and restructuring
  • Accounting software selection, implementation, and support
  • Business valuations
  • Financial projections and forecasts
  • Debt and finances advising
  • Mergers and acquisitions
  • Transaction structuring and negotiations
  • Business succession

401K Retirement Plan Audits

401(k) Plan Audits are required by the Department of Labor and the Internal Revenue Service for companies with 401(k) plans where the company employs over 100 employees. 403(b) plans are the equivalent of 401(k) plans, but used by non-profit entities. The plan audit must accompany the annual filing of the company's form 5500 with the Internal Revenue Service each summer.

The Department of Labor requires that all 401(k) audits be completed by CPA firms that are certified to perform these audits by the CPA firm's Peer Review report. Our report is found at the end of the About US page. Our firm is additionally a member of the AICPA Employee Benefit Audit Quality Center (EBAQC). We recommend that you verify that your CPA firm is licensed/certified to perform these audits by reviewing their Peer Review report and verifying they are members of the AICPA EBAQC.

This compliance audit should be viewed as a commodity as each CPA auditor must follow the same procedures as all CPA's performing these audits. Our efficiency and experience in performing ERSIA audits affords us the ability for our guarantee that our fee for 401(k) audits will be 20% less than your prior CPA audit fee for the prior year. Our low turnover of staff and experience in this specialized audit area assist us in making the 401(k) audit process as less intrusive and painless as possible.

We recognize that very few CPA firms have the experience and certifications to perform these audits. Our manging Parnter is one of only 9 CPA's in Georgia licensend to audit other 401k auditors for compliance and quality as a peer reviewer. If your company is not interested in changing CPA firms for all business/tax/audit services, but your current CPA firm does not provide this audit service we will agree in writing to work in conjunction with your current CPA firm performing these other business/tax/audit services.

IRS Representation

Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.

QuickBooks Accounting Help and Assistance

QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.

Forrestall CPAs offers the following solutions to help meet your QuickBooks needs:

Personal Training

We train you personally! Either one-on-one or several individuals within your organization at your company's location.

Setup

We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.

Support

Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.

Review

Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.

Entity Selection and Restructuring

Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Forrestall CPAs can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

401k Plan Design and Administration

Choosing and administering benefit plans for your employees is often a complex process. Forrestall CPAs can help you design, implement, and administer your 401k retirement and profit-sharing plans with an eye toward rewarding your employees and reaching your company's financial and business goals. Few 401k administrators have the tax knowledge as a CPA and the ERISA experience that we offer. Our fee structure is simple and one of the lowest for third party administration.

Estate and Trust Planning and Tax Preparation

Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Forrestall CPAs role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well thought out plan as to how to disburse one's estate so as to avoid complications and to be sure wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don't have any complications to deal with during a time of loss.

Litigation Support and Forensic Accounting

Forrestall CPAs litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, business valuations, business and marital dissolutions, and bankruptcies. These services can involve quantification of economic loss or damages, analysis of financial records, and fraud and theft investigation. Financial and personal records are often vast and confusing to sort through. With our professional training and certifications in this matter, we can make sense of these records and transactions and get to your bottom line.

Business Valuation

The range of needs for valuing businesses continues to widen, and Forrestall CPAs can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest. Uses for this service include estate planning and compliance, buying and selling businesses, divorce matters, family limited partnerships and ESOPs. There are so many factors that contribute to the perceived value of a business. Our expert help can help you evaluate entities that you have an interest in and guide you towards making business decisions that you feel confident with.

Debt and Finance Advising

Whether your needs are corporate or personal, Forrestall CPAs professionals can assist you in sorting out the different options available for acquistions, operating financing and restructuring financing. Our experience with conventional financing and SBA financing for our clients provides us the expereince and assistance you need.

Mergers, Acquisitions, and Sales

Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, Forrestall CPAs can provide professional know-how to help you successfully structure and negotiate the deal. Forrestall CPAs employs careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Whether you are working on succession planning, a leveraged buyout, Employee Stock Ownership Programs (ESOP), a walk away sale or installment sale, the best net cash after tax result is what work to achieve. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right business decisions for your business for optimum success.

Cash Flow and Budgeting Analysis

Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Forrestall CPAs can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.

Financial Projections and Forecasts

No one can predict the future perfectly, but we can all benefit from planning for it. Forrestall CPAs combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models.

International Taxation

Our experience with the taxation of U.S company doing business abroad and residents working abroad as well as foreign corporations doing business in the U.S. or foreign citizens working in the U.S. has provided us with an extensive base of knowledge in the area of international taxation.

Payroll Services

Forrestall CPAs payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.

Bookkeeping/Write-up

Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Forrestall CPAs can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.


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