Bruno, DiBello & Co., L.L.C., C.P.A.s offers a wide range of services to our individual and business clients. 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.
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:
*General ledger & financial statement preparation
*Accounting system setup for new businesses
*Personal financial statements
Audits, Reviews and Compilations
We provide three levels of assurance services - audit, review, and compilation. Regardless of the level of service you need, our technical knowledge, and our adherence to ever evolving professional standards will provide you with financial statements that are usable by all intended readers.
The highest level of assurance and audit is often required by third parties for lending or investing purposes. Our extensive experience will give us an understanding of your specific business and industry. We will then develop a strategy to conduct the audit in an efficient and cost-effective manner. An audit will include an evaluation of your internal control systems to identify the areas of greatest risk. We will also provide constant communication to your management team regarding findings, areas of concern, and results of our procedures.
The next level of assurance is a review, where will provide “Limited Assurance” that the financial statements are in accordance with professional standards. We use analytical procedures, as well as inquiries of management and accounting personnel, to determine if the financial statements are reasonably stated. Like all levels of service that we provide, constant communication ensures that any findings will come to your attention.
A compilation is a commonly provided service where we take management's financial information and create a financial statement for internal use or for the purpose of providing to lenders or other interested parties. As with other attest services, our professionals often provide suggestions to management about how they could improve business operations and procedures.
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.
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.
Forensic and Litigation Services
The Firm’s Forensic and Litigation Services include assisting clients and their legal representative to understand from an investigative accounting point of view how past events evolved and how best to solve the problem and assist in the potential litigation. The Firm maintains an expertise in quantifying damages using forensic accounting and auditing techniques uniquely designed to fit the metrics of each case. The Firm proactively deals with fraud prevention by assisting organizations in implementing internal controls to deter fraudulent acts by employees and other third parties.
We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.
Accounting Software Selection & Implementation
With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting one that is right for you has become increasingly difficult. As accounting professionals, we are exposed to most programs through trade journals and actual use. Our experienced staff can help you choose and implement the system that best fits your needs.
Business Entity Selection
Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.
Business Succession Planning
Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company's day to day operations. With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.
Personal Financial Planning
Strategic Lifetime Planning LLC is a division of Bruno, DiBello & Co., L.L.C. dedicated to providing clients with comprehensive financial planning for both businesses and individuals. The Company was organized to assist clients in planning for current and future events so that they may realize their financial goals for years to come. As a member of the prestigious AICPA Personal Financial Planning (PFP) Division, Strategic Lifetime Planning LLC is well positioned to provide financial plans tailored to each client’s specific situation. Please visit the company at www.stratlifeplan.com for more information.
Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.
Certified Quickbooks Pro Advisor
We are a Certified QuickBooks Pro Advisor. We can assist you in QuickBooks Setup, Training, and Reporting.
Employee Benefit Plans
If your employee benefit plan has more than 100 participants, you are required to have the plan audited by an independent Certified Public Accountant. Make sure your benefit plans are meeting all regulatory and compliance requirements. Our employee benefit specialists have the experience to audit a wide range of benefit plans. Our services include: determination of audit requirements, audits of plans under ERISA, review of form 5500 reporting requirements, and evaluation of reportable or prohibited transactions. We can also assist you in dealings with the U.S. Department of Labor, including the U.S. Department of Labor (DOL), the Pension Welfare Benefit Administration (PWBA), and Internal Revenue Service, and provide assistance with the DOL voluntary fiduciary correction program and access to AICPA’s DOL liaison for technical assistance
Litigation support involves the quantification of economic damages pursuant to existing or pending litigation using accounting and auditing techniques. We have experienced competent staff who can compile information efficiently to assist in the calculation and documentation of any potential economic loss or damages.
Mergers & Acquisitions
Finding the right business partner for your company can be a difficult task. We can assist you in the merger or acquisition process by assessing such critical elements as tax considerations; product/service compatibility; competitive tactics and position; financial impact; and cash flow considerations.
IRS and State Representation
During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies.
Sales Tax Services
States and local governments have placed a greater emphasis on sales, use, excise and franchise taxes in recent years and stricter compliance is anticipated in the coming years. We can assist clients in identifying their compliance requirements within each jurisdiction and properly preparing the required returns in an efficient and timely manner. The Firm may be engaged to conduct a mock audit of your records to determine potential exposure and provide recommendations on how to remedy issues.
Tax Planning & Preparation
For most closely held businesses the single biggest concern is the proper preparation and filing of timely tax returns which report an accurate amount of tax. Recognizing that business success can be a direct result of tax implications our expert planning services will enable clients to know and understand the tax ramifications before the transaction is completed. Prompt and accurate preparation completes the process and provides the client with a sense of closure. We provide extensive tax return preparation for Corporations, S Corporations, Partnerships, Limited Liability Companies, Estates, Trusts, Charitable Organizations, Benefit Plans and Individuals. Should the need for representation before a taxing authority arise, we are well versed in the nuances of practice before both federal and state governments.
Estate & Trust Tax Preparation and Planning
Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
Investment Advisory Services
Metro Capital Appreciation, LLC, a Registered Investment Advisory Firm, was organized to serve our clients Investment and Personal Wealth Management needs. In an increasingly difficult and complex investment climate, Metro has strategically aligned itself with two prominent investment advisory firms enabling us to efficiently tailor an investment plan that fits your personal profile. Growing and protecting wealth accumulated during a successful career needs to be dealt with on a professional level. Metro in concert with its partners offers professional money management, family inheritance consultation and tax sensitive investment planning with an overall view of the big picture.