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Due Diligence Specialist

It’s so easy to get burned when buying a business. Outright dishonesty by a seller is difficult to detect.

Due Diligence Specialist

Many purchasers often believe they don’t need it or can’t afford it… yet the initial investigation is the most critical part of any potential purchase of a business. Owning a business can be one of the most financially and emotionally rewarding experiences of your life or it can become your worst nightmare.

Audit Services

You need an experienced auditor who can quickly respond and adapt to your ever-changing environment.

Audit Services

Auditing is a highly complex process, and the importance of auditors as a vital link in the financial reporting chain has never been more important nor their role as trusted advisors more valued.

Business Advisor

Business planning, financial projections, employee management, and customer acquisitions are just a few of the issues that small business owners wrestle with.

Business Advisor

Startups and fast-growing companies have even more challenges — and that’s where a business advisor is most valuable. Whether they’re helping with starting a new business or managing an existing enterprise, small business advisors are seasoned professionals that help with strategic business planning and crucial operational decisions.

Accounting & Tax Services

we understand the needs of small to medium sized businesses and what it takes to be successful.

Accounting & Tax Services

Our full line of professional tax, accounting and payroll solutions are designed to help your business reach its full potetial. Our goal is to build a long lasting relationship with our clients. We care about you and your business. Your success is important to us.
Time

Don’t waste your time and Money.

It’s so easy to lose your money when you buy a business. We can help doing a Due Diligence on the new business or even a business audit.

We will assess the financial position of the target by looking at earnings history, cash flow, future earnings potential, quality of its assets and liabilities, working capital, purchase price allocation, and tax compliance.

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External Auditing Service or Internal Auditing

External Auditing Service or Internal Auditing

Internal auditing has become a more integral part of any public company thanks to the recently enacted Sarbanes-Oxley regulations. External auditing covers the quality control procedures performed in-house, rather than an independent audit handled by a third-party accounting firm. An external auditor is not given the authority to make any changes, but they will advise the management of their findings.

External auditing: Why is it important?

The purpose of external auditing is to evaluate a company’s procedures and how strictly they adhere to those procedures. External auditors are required to be impartial and objective at all times while assessing the company’s compliance. This can often be more difficult for an internal auditor than an independent external auditor. A conflict of interest can easily arise in a situation where the internal auditor must evaluate his or her supervisor or assistants. Ideally, external auditors should not be given assignments involving their own department or close co-workers.

External auditing

Internal auditing: What activities are covered?

Internal auditing does not only cover financial aspects of the company’s operations. Sarbanes-Oxley expanded the scope of external audits to include information technology and human resources procedures as well as financial reporting. external auditors can be used in conjunction with the company’s quality control department to review and revise their standard operating procedures. Having an internal auditor evaluate a struggling department can be an inexpensive way for a company to find out what is going wrong.

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External auditing: Duties of an external auditor

Some duties of a typical external auditor include evaluating a company’s financial reporting, fraud prevention, and determining compliance with local and environmental regulations. external auditors may also be called upon to work as a liaison with the independent third-party auditors. This ensures that neither party is duplicating the work of the other and makes the whole audit process more efficient and economical. Of course, the independent auditors will most likely perform their own audit sampling and testing of the external audit findings, but the data collection process for this is far less intensive than performing their own full audit of a department.

Internal auditing: Professional certification

The official professional designation for an Internal auditor is the Certified external Auditor (CIA), which is issued by the Institute of Internal Auditors (IIA). To qualify for this designation, an applicant must have a college degree, two years of internal auditing experience, provide professional references, and pass the certification test. After earning a CIA designation, an auditor must complete a certain number of continuing education hours each year in order to retain their status.

 

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Duarte, Rojas & Associates is a Due Diligence Specialist dedicated to helping business. https://usacertifiedaccountants.com You can learn more about our work visit our Linkedin profile. External Auditor

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Get Ready For Tax Season- Tips To Avoid Last Minute Rash.

Get Ready For Tax Season- Tips To Avoid Last Minute Rash.

Our team of specialists located in Miami will work with you to elaborate your tax returns and file it faster.

Even if your tax situation is not complicated, there is still documentation the IRS (Internal Revenue Service) demands. However, filing taxes does not have to be an ordeal. If you get ready for tax season, it can be less daunting and less frustrating if you have all the required material at your fingertips. By being prepared, you will be ready to file your return at the earliest possible moment.

The key to a successful tax form is proper and accurate reporting. The Internal Revenue Service wants to know the amount of cash that you earned for it to tax it. You require knowing what you can indicate on your Form 1040 that will assist you to trim your tax bill.
Getting any of these requirements wrong can lead to unwelcome follow-up correspondence from the IRS or cost you money. However, getting it right will make IRS leave you in peace or mean more cash in your account.

No matter the assistance you get from tax preparation accountants or programs, here is 5 ways to ensure you get ready for tax season:

1. Gather your receipts

Small or large, potential deductions for business expenses or charitable contributions can add up. Even if you have never itemized deductions in the past, knowing the number of your potential deductions could define whether you should begin itemizing this year. To maximize your tax return, be sure to check for missed income tax deductions.

2. Make a list of income sources

Rather than relying on the erratic arrival of tax forms, make a list of what you should be expecting by identifying all your income sources such as banks, employers, mutual funds and other sources of income. The worst thing that can happen to you is thinking that you have entered all your details only to have a late-arriving form.

3. Consider an IRA contribution

Internal Revenue Service (IRS) contributions are a procrastinator’s dream; you are permitted to make a contribution until the tax filing deadline and total it at the end of the year.

4. Revisit your withholding instructions

Conservative wisdom has been to minimize withholding and paying up at the deadline date because that way you will have the cash at your disposal throughout the year. With savings account interest rates near zero, it is worth considering this strategy. At best, those savings account rates will earn you very little in your additional net income throughout the year. In a practical matter, they will earn you zero if those additional amounts never end up in your saving account. To improve your saving rates, set withholding levels in order for you to receive a refund that you can deposit it in one lump sum.

5. Devise a better system for next year

Whatever augmentations you experience, whether it is trouble calculating losses and gains or missing receipt, ensure you learn from them. Comprehend what records require to keep, and establish a safe place where you can keep essential tax data that you receive throughout the year, in order for you to access them easily when you require them.

Ensuring that all is in order will make you see the tax man as your friend. You will feel comfortable meeting him.

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Duarte, Rojas & Associates is a External Auditor dedicated to helping business. https://usacertifiedaccountants.com You can learn more about our work visit our Linkedin profile. External Auditor

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Importance of Accountants Services

No matter which business you belong to, you always need the right set of accountants service. Whether it is about the tax processes or the other financial matters, your accountant will do the job for you.
There is a growing need to find the right accountant for every business, so that their accounts are handled with great care and trust. Whether it is about tax preparation services or tax processing services or simple tax return services, the professional help is always needed. However, a number of people find it hard to choose the right accountant or professional services, who can provide the most reliable and efficient services. If chosen carefully, it gives you so much in return that you can always cherish. That is why we have come up with some useful information that will make your decisions easy and the results will be far better than before.

Below are the things that you need to keep in mind if you are looking to hire an accountant:
Public accountants may charge high and therefore you might want to shift to the offshore accountants, so that you can save good amount of money. Particularly for the small business owners, it makes a lot of sense as the budget is often a constraint there.
Outsourcing tax preparation also saves your time which you can utilize in other works. Remember that tax preparation services may charge you considerably but it is always a safe option to do it with the help of professionals. Tax processing and tax return services are often bounded by legal constraints and therefore, the role of expert becomes even more important.

CPA outsourcing has become a common trend in the industry and therefore, if you are looking for the top quality CPA services, you will have to do some research so that you can get the best people on board. A smart investment will help you save huge amounts of money.
CPA accounting or tax accounting are both important. However, in the former, you will find a number of options offshore, while in latter, the service providers are everywhere. Your accounts need to be handled with great care and therefore, you will have to be careful while hiring anyone for these matters.

Clearly, there are a number of advantages of outsourcing tax accounting or CPA accountants service. Initially, it may appear a tedious work as you will have to do a number of things in order to set the processes but in the longer run, you will always be benefited. Tax preparation outsourcing and tax return services have saved huge sums of money for a number of people, and it will do the same for you. Similarly, CPA outsourcing can have a positive impact on your business. So, what are you waiting for? Choose your accountant, without any delay.

 

Get Ready For Tax Season

In Miami you can find The Best Accountant Service

Every business needs the help of accounting services. If you reside within United Estates or a non resident and attempting to search out an accountant that provide exactly what you, as a private, or your business would like, then your alternatives are several, nonetheless you most actually should notice a professional, who is experienced and has your utmost interest deep down. Good accountants will not simply advise on most accounting matters or taxation management, however he or she will assist you effectively grow your business, create the right management selections and steer away from creating expensive mistakes.
The business will succeed when you plan properly in every step of your business especially in hiring the accounting services. Before choosing that accounting corporations you would place your trust in, you ought to most actually perform some analysis on your own; speak to shut friends and family, speak to your banker or personal representative to find out the best accountant that you are searching.
The Best Accountant Service will give the best service. Accounting companies have a genuinely wide selection of services, that lookout of money news, monetary records management, compliance with all the newest rules, numerous Vat solutions, property designing, payrolls, company tax designing, tax returns furthermore as loans. Many accountants create operating with tiny and medium corporations their priority while others deal solely with huge businesses; nearly all of them, though, can facilitate people to try and do his or her personal tax designing furthermore.
You have to be careful in selecting the best accounting firm for your business. If you’re creating use of accounting package programme to document and method your business monetary transactions, obtaining a business firm that is intimate that very same package and may provide you with the assistance that may you may would like, is most actually advantageous.
Select the best firm for your business. Running an advert enterprise of late may be a heap additional sophisticated than maybe a decade ago; you are needed by law to keep up sure records, like withholding tax and vat records, you want to submit tax returns then appoint an accountant to appear when your individual and business tax matters. Some of those basic functions may be meted out by the business manager or the business staff; however others ought to be completed solely by knowledgeable accountant. Maintaining your company documentation so as needs time and experience, that’s why you would need to trust it solely to a very qualified person or firm don’t solely offer basic business and taxes solutions, however conjointly many added services which will modify you to work a prosperous business for many years to come back.

 

Get Ready For Tax Season