Business
Our professional services include:
Accounting and Bookkeeping Services
Entity Selection and Restructuring
Controller and Advisory Services
Business Taxation
We prepare income tax returns for various entities:
Partnerships
Limited Liability Companies (LLC)
S-Corporations
Corporations
Nonprofit organizations
Disregarded entity
We prepare income tax returns for various entities:
1099s
Property tax returns
Sales tax returns
Controller and Advisory Services
Small and medium-sized companies that are looking for a low-cost alternative to employing a full-time controller would benefit from our Controller services. Controller Services we provide include:
Developing Financial Controls
Rather than wait for an annual tax return, we encourage clients to take an active role in monitoring the performance of their businesses. We help clients:
Standardize financial reports
Compile critical financial data
Implement budgeting and financial goal planning
Improve the data flow to lenders and tax advisors
Understanding and Enhancing Cash Flow
Understanding the difference between cash flow and profit will help in making your business decisions. We believe that cash flow is the most critical concept in financial management. We work diligently with clients to help them both understand and enhance their total cash flow. We help clients:
Understand the nature and derivation of cash flow
Develop detailed cash flow forecasts
Understand bank financing
Understand the role of working capital in cash flow management
Implement cash flow enhancing policies and procedures
Understand the role of capital expenditures in cash flow management
Accounting and Bookkeeping Services
Businesses need accurate and timely financial information in order to make the decisions necessary to maintain profitability and limit tax liability. We provide the support that you need to maintain accurate records and free up your time to conduct your business.
Our services include but are not limited to:
General ledger and financial statement preparation
Bookkeeping (monthly, quarterly, or annual)
Bill-paying services
Initial accounting system setup, training, and support
Cash flow budgeting and forecasting​
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Quickbooks and Peachtree Accounting Help and Guidance
QuickBooks and Peachtree can provide useful and timely information in the form of financial statements, reports, and graphs. We can help you select the software that is right for your business. We offer the following services to help meet your software needs:
​Installation - We can install QuickBooks and Peachtree on your stand-alone computer or in a network environment, in either single or multi-user mode.
Setup - We assist new 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.
Support- If you have any questions or need guidance we will be there for you.​
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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, we can advise you on choosing an entity type and later restructuring if advantageous. You may have many questions about choosing the type of entity for your business, for example:
Should I incorporate?
Should my rental property be transferred into an LLC?
What are the tax implications if I elect to be treated as an S corporation?
With our knowledge and expertise, we can help you choose the most advantageous entity type for the functions your business performs.
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Financial Statements
Riccabona and McGee, LLP's financial statement service comprise two levels of assurance depending on your company's needs.
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 - 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.
Business Valuation Services
The range of needs for valuing businesses continues to widen, and Riccabona & McGee, LLP 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.
A business valuation quantifies and substantiates your company's worth in terms of tangible and intangible assets. The valuation process is never simple. It requires a multi-dimensional examination of quantitative and qualitative aspects of your business, and an analysis of pertinent tax, financial, and industry data.
We have the expertise and credentials to perform valuations in a full range of situations, including:
Buying or selling a business
Gift and estate planning
Marital dissolution
Valuation of family limited partnerships
Allocation of the acquisition price
Corporate or partnership dissolution
Shareholder disputes