Companies often have time-sensitive requirements that originate from major changes or out-of-the-ordinary developments, such as pending transactions, legal or regulatory challenges, or an identification of a previously unforeseen financial issue. When these often-complex events arise, quick access to specialized resources is critical. The Neuhaus and Associates approach is to initiate each engagement by working with and listening to our clients to determine their key issues. We then leverage our broad-base of expertise to develop customized solutions. We advise our clients in many areas including operational business strategy consulting, and business formation and structuring and financial planning.
OPERATIONAL BUSINESS CONSULTING
Businesses are constantly facing a widening array of risk management challenges in financial reporting, technology and day-to-day operations. Our accountants help companies manage these risks, and achieve their longer term objectives, through practical governance and technical solutions. We work with businesses of all sizes from startups to large established institutions. Business owners and management turn to us for concrete advice and actionable steps that are tailored to their business, their objectives and their people.
STRATEGY AND BUSINESS TRANSFORMATION
Opening a new business is exciting and thrilling. To ensure your success, a methodical plan of action is needed to realize your dream or goal of being your own boss and running a profitable business. Today’s business culture is built around the need to continually evolve your business to ensure you stay ahead of the curve. In order to keep pace, business owners need a strong strategy that can be realistically and quickly implemented. We can help you avoid the common pitfalls that many new business owners take when starting their new venture.
Building and preserving your personal wealth requires specialized attention. At Neuhaus & Associates, you will receive one-on-one guidance and can develop a comprehensive financial plan that helps manage risk, improve performance, and ensure the growth and longevity of your wealth. We can help you pay for future life events including your child’s education by accurately estimating the amount of money you’ll need, analyzing your assets, reviewing estimated shortfalls and considering alternatives and strategies for your specific financial situation and risk tolerance. We can guide you to retirement plans that are particularly ideal for your situation. Our financial planning help can also enable you to achieve your investment goals by identifying the steps needed to maximize your investment returns as well as those needed to help minimize your risk while building increased predictability of your investment returns. Success lies in the decisions you choose to take. We can help you make those decisions.
CREDIT AND EQUITY ACQUISITION
One of the biggest challenges facing a growing business is obtaining financing or capital investment. We work hand in hand with business owners, investors and lenders to facilitate proper loan documentation and business presentation. We are focused on helping our clients position their businesses for maximum liquidity and with the ability to receive the best financing opportunities. We have successfully helped numerous clients obtain and maintain business credit lines, mortgages and equity investment.
Tax savings are a universal financial goal, and it is axiomatic that successful financial strategies include a proactive tax planning component. Ultimately, it’s not just about how much you earn, but how much of that you get to keep that is of essence. We help clients effectively take advantage of the full range of tax options available to them, and develop ongoing tax strategies for long-term benefits. At Neuhaus & Associates, we provide tax advisory, and compliance services for a diverse client base that includes corporations and partnerships, as well as high net worth individuals and families, and other forms of operating entities. Clients engage us to analyze complex tax matters and communicate proactive and forward-thinking insights for decision making purposes.
At Neuhaus & Associates, we can guarantee you will receive every tax advantage entitled to you by law. We understand that tax considerations are a major element to financial management. Our goal is to minimize your tax liability by using the law to your advantage. We focus on fortifying client relationships by providing proactive tax planning and services that are responsive to changes in your tax situation.
BUSINESS TAX PLANNING
In order to achieve your business objectives, you need to balance your short-term cash flow needs with your long-term business goals. Proper tax planning, preparation and compliance activities are critical to running a healthy business and maximizing your wealth. But, knowing how the tax laws apply to your business is just the beginning. Equally important is having a clear picture of your goals and objectives. This can open the doors to new opportunities and fresh strategies. At Neuhaus & Associates, our tax specialists will work closely with you throughout the year to create pragmatic and customized solutions to minimize your tax burden. We gain a personalized knowledge of you and your business and strive to help you in the utmost possible way.
Establishing, running, and expanding a business each bring a new set of tax considerations and, generally speaking, new compliance requirements. Our professionals are recognized for their expertise in devising tax strategies and responding quickly to the opportunities and challenges that emerge. We are experienced in serving clients with a broad range of tax structures, including corporations, partnerships, trusts and estates, foundations, and not-for-profits.
TAX RESEARCH AND ANALYSIS
Strategic tax research can be an effective way to boost profitability and personal wealth. We make it a priority to enhance our mastery of the current law, complex tax code, and new tax regulations by attending frequent tax seminars and through in-house training sessions. The mission of our tax professionals is to design a tax analysis plan that accomplishes the goals of businesses and individuals and keeps tax obligations to a minimum.
EXPATRIATES AND FOREIGN INVESTMENT
U.S. citizens living abroad face a myriad of complex tax situations and compliance requirements. From Foreign Bank Account Reports (FBAR) and Foreign Asset Disclosure to Foreign Trust and Gift situations, we can provide the knowledge and expertise to avoid legal complications and create appropriate vehicles to reduce overall taxation. For U.S. investors seeking to create businesses or purchase assets abroad, we provide guidance and filing services for the necessary IRS disclosures and tax requirements. Our practice in this area includes but is not limited to: Controlled Foreign Corporations, Controlled Foreign Partnerships and Passive Foreign Investment Companies.
HIGH NET WORTH INDIVIDUALS
New tax regulations, as well as the specific complexities that face High Net Worth Individuals, require constant oversight by tax law professionals. Optimizing Income, Gift and Estate planning, Neuhaus & Associates advises clients on practical solutions for minimizing tax obligations and maximizing current and future income in the most effective manner.
IRS AND STATE TAX AUDITS
Dealing with an audit from the Internal Revenue Service or a State or Local tax authority can be daunting. We provide full support and representation, so that you can continue to operate your business with the knowledge that the audit is receiving the required attention. Examinations are handled from start to finish including having one of our accountants at your place of business in a field audit situation, meeting with audit representatives at our offices and assembling the required paperwork and financials to satisfy the audit.
Sound accounting and maintaining accurate books and records are of paramount importance to your business. Whether in developmental stage or well established, accurate financial records give business owners the information required to make confident decisions for daily business challenges. Having a clear picture of your business enables you to avoid the pitfalls of ill-advised decisions. Solid record keeping is also fundamental for financial reporting purposes. Whether it is for investors, creditors, or for regulatory purposes, sound accounting practices show users of these reports, that a business cares about its finances, and takes them seriously. Neuhaus & Associates is here to help businesses with these accounting and reporting needs. From periodic reviews of your books and preparations of financial statements, to assurance services, our accounting & assurance team can meet your needs.
AUDIT & ASSURANCE
Independent audits of financial statements are often needed to satisfy loan covenants, investor agreements, or for governmental or regulatory compliance. An audit is a detailed and thorough analysis of the financial statements of a company for the purpose of providing assurance that the statements are free from material misstatements. Sometimes reviewed financial statements are sufficient. While reviews are less in scope then an audit, they still provide limited assurance, and can be an economical alternative to an audit. Whatever you may require, at Neuhaus & Associates, our audit & assurance team will assess your particular needs and create an appropriate solution, giving you confidence that your financial reporting complies with professional standards, while providing the users the necessary information.
OTHER ATTEST SERVICES AND FINANCIAL STATEMENT PREPARATION
Often a business will require a set of financial statements for third party use. These statements require third party preparation attesting to the reporting standards. This can be accomplished through a compilation. While a compilation does not provide any assurance that the financial statements are free from error, it is an attestation that the financial statements are in compliance with the appropriate reporting framework.
Other financial statement services include preparations of financial statements when attestation is not required, or for management internal use. Related services include periodic reviews of accounting procedures and record keeping to ensure that they are meaningful and accurate, improving your ability to monitor your financial situation. Our team at Neuhaus & Associates, is ready to offer an appropriate solution whatever your needs may be.
A vital element of an audit practice is quality control. To ensure that our audits are comprehensive, accurate and meet or exceed the industry standards, we have crafted a careful quality control process. This includes multiple layers of review, detailed checklists and leading audit software which ensures that are audits are complete and in full compliance with Generally Accepted Auditing Standards. As part of our commitment to quality control we have retained an industry expert with over 25 years of experience to perform a high-level review of each audit, to achieve our goal of excellence. We also participate in the New Jersey Board of Accountancy Peer Review program which is designed to support and maintain the integrity and authenticity of auditing practices.