Our firm offers a wide range of services to our individual and business clients. Because we value relationships, our clients receive 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.
Audits, Reviews and Compilations
Bjorge and Parker provides independent audit and review services that will enhance the reliability and credibility of the financial reporting undertaken by client organizations.
An audit provides the highest level of assurance that the financial statements are presented fairly in conformity with generally accepted accounting principles (GAAP). An audit is appropriate for businesses that must offer a higher level of assurance to outside parties – all public companies, most non-profit entities and private companies with significant inventories, large loans, outside stockholders or companies planning to merge, sell or go public in the future.
After gathering evidence of reliability and testing procedures, the auditor issues a report stating that the financial statements are presented fairly, in all material respects, in conformity with generally accepted accounting principles.
The audit provides a reasonable level of assurance that the financial statements are free of material errors.
An unaudited review report provides limited assurance that material changes to the financial statements are not necessary in order for them to be presented in conformity with GAAP. A review may be adequate for entities that must report their financial positions to third parties, such as regulatory agencies or banks and their loan limits are generally less than $5 million.
In a review, a CPA will inquire about accounting principles and practices, accounting policies, actions of the board of directors, and changes in business activities. Then the CPA will make other inquires and apply analytical procedures to identify unusual items or trends in the financial statements that may need explanation.
Essentially, a review is designed to see whether the financial statements “make sense” without applying audit-type tests. A review is substantially less in scope than an audit, and provides only limited assurance that the financial statements are free of material misstatement.
A compilation is useful to small, privately-held companies whose in-house capabilities are limited and who need help preparing their financial statements. A compilation report offers no assurance as to whether material or significant changes are necessary for the statements to be in conformity with GAAP.
In a compilation, the CPA compiles (or prepares) the financial statements based on information provided by the company. After compiling the statements, the CPA must read them and consider whether they are appropriate in form and free from obvious material errors. Compiled financial statements may be presented with or without footnotes. A compilation provides no assurance that the financial statements are free of material misstatement.
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.
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.
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.
Tax Planning & Preparation
Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual, a business, or a not for profit organization, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation.
Sales Tax Services
Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.
Estate & Trust Tax Preparation
We work side by side with your estate attorney to ensure your goals for estate and trust planning are achieved.