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PROFESSIONAL
SERVICES
The quality and scope
of the services we provide have evolved as a result of our responsiveness
to clients' needs. We were early leaders in the informational storage and
data processing fields and one of the first in the eastern United States
to install an in-house computer to produce financial information for our
clients.
With our reputation for
providing quality service for nearly 80 years, our organization is highly
respected by financial institutions, government agencies, and members of
the legal profession.
We strive to provide
our clients with the highest degree of support services available in the
profession.
AUDITING
Audit engagements
represent a continually growing segment of our practice. With the degree of
external regulations imposed by lending institutions, bonding companies,
and governmental agencies, the need for an audit is vital to many
businesses, nonprofit organizations, governments, and government-related
entities.
Our objective in
performing an audit is to express an independent, professional opinion on
the information presented in the financial statements. That opinion provides
the highest level of assurance we can offer to third parties that the
financial statements present fairly the data they contain, in accordance
with accounting principles generally accepted in the United States of America.
Our auditing
personnel have served on committees of the Pennsylvania Institute, both on
the chapter and state levels. Their establishment of a system of
comprehensive and monitored procedures expedites an audit and minimizes
disruption of client operations.
Our audit clients include
a wide range of commercial enterprises, employee benefit plans, several
nonprofit organizations, and numerous governments and government-related
entities.
ACCOUNTING
The accounting
services provided by our firm deal principally in compilation and review
engagements. Although neither is accompanied by an independent opinion, the
reports assist clients in financial management and are helpful in
monitoring business results for lenders and suppliers.
A compilation
consists of preparation of financial statements using company-provided
data. A compilation report is useful mainly for internal needs or as a
byproduct of other services, such as the preparation of income tax returns.
A review also
presents company-provided data. However, inquiries of company personnel are
made and analytical procedures applied to the financial data. Although a
review is less extensive than an audit, it is looked upon by third parties
as more reliable than a compilation.
TAXES
Virtually every
decision an individual or company makes has tax ramifications. With this in
mind, we at McClure & Wolf have developed a highly qualified tax
department, specializing in planning for the impact of taxes on both
individuals and businesses. Tax return preparation for individuals, corporations,
partnerships, estates, trusts, employee benefit plans, and nonprofit
entities are standard services of the firm. Additionally, we provide
services in estate planning, pension and profit sharing design, and
executive compensation plans. We are constantly striving to maximize the
after tax dollars of our clients.
Our partners have
served on tax advisory committees of several professional organizations,
including the prestigious tax division of the AICPA, whose function is to
serve as liaison between the United States Government and the Internal
Revenue Service regarding proposed changes in the federal tax laws.
PAYROLL
SERVICES
Payroll services are
customized to the needs of the individual client. We offer full-service payroll
preparation, including direct deposit.
We also assist clients with payroll calculations, payroll tax
deposit compliance, quarterly and annual payroll reporting, and W-2 and
1099 preparation. Our
flexibility and local service allow us to provide the timely and accurate
services our clients have come to expect.
MANAGEMENT
ADVISORY SERVICES
Today's complex
business environment requires businesses to pursue an accounting firm that
can provide more than just tax and accounting services. Recognizing this
need, we have concentrated on developing management advisory capabilities
enabling us to provide an independent viewpoint in areas of analysis,
design and implementation of cost and financial reporting systems,
feasibility studies, and personnel evaluations. In addition, we are often
engaged to assist in structuring purchases, sales, liquidations,
reorganizations and mergers.
To many of our clients,
our most valuable service is in the management advisory area.
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