JPMS Cox provides a broad range of accounting and business consulting services to put your business in the position to achieve its fullest potential. Our team focuses on supporting you so you can focus on running your business. Click on any of the services below for a complete description. For more information about these or other services, please contact the JPMS Cox team today.
Accounting and/or Attest Services
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 your business operation will run more efficiently on a daily basis. Our firm provides a full range of cost-effective accounting and/or attest services including the following:
- General ledger & financial statement preparation
- Bookkeeping (monthly/quarterly/annual)
- Accounting system design for new businesses
- Outsourced internal audit assistance
- Outsourced CFO assistance
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 client experiences and trade journals, as well as hands-on use. Our experienced staff can counsel with you on the system that best meets your needs.
Audits, Reviews & Compilations
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency. We provide financial reporting on all three levels of assurance:
- Audit – an intensive examination with the highest level of assurance
- Review – some analytical procedures conducted with limited assurance
- Compilation – based upon client information provided and used primarily for internal use
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 operation. 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.
Whether you are thinking of buying a new business or are in the midst of a difficult divorce, the amount attached to the value of your business is important. We can provide useful and objective analysis to assist you in the valuation of any business in which you have an interest.
Cash Flow & Budgeting Analysis
A business can be profitable and still encounter problems due to cash flow issues. We can help avoid this by forecasting and evaluating your company’s financial condition, estimating financing requirements, and tracking cash flow sources and uses.
Cost Segregation Studies
In today’s world of longer depreciation lives, businesses need to secure the most rapid depreciation possible in order to decrease current tax outlays. We can analyze your building and break out certain costs that can be written off over a shorter useful life, thereby increasing your after tax cash flows.
Effective estate 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.
During our years of experience dealing with many taxing authorities, we have achieved a level of competence to ensure our clients are properly represented before the various federal and state tax agencies.
Our experience with the taxation of U.S. residents working abroad and foreign citizens working in the United States has provided us with an extensive base of knowledge in the area of international taxation. With recent changes in the regulations surrounding foreign asset disclosure, many issues and questions can arise. We can assist you in the proper disclosure options.
Litigation support involves using accounting and auditing techniques to quantify economic damages pursuant to existing or pending litigation. We have experienced, competent staff who can compile information efficiently to assist in the calculation and documentation of any potential economic loss or damage.
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.
An operational review is an excellent tool to measure both the efficiency of your business/organization as well as the degree to which your business/organization’s assets are adequately safeguarded. Our operational review staff is trained to interview your personnel and document your systems with an emphasis on efficiency of operations while maintaining maximum asset protection. The depth and design of our operational review procedures are tailored to the specific needs of your business/organization.
Outsourced Internal Audit Services
Outsourcing the internal audit function makes sense for many small- to medium-size businesses. We have a number of professionals who assist nonattest clients in this role on a quarterly or monthly basis, including one Certified Internal Auditor. Each of these engagements is customized for the particular client based on the needs of their Board of Directors or Audit Committee.
Employee Benefit Plans
Qualified retirement plans, such as defined-contribution or defined benefit plans, Keoghs and SEPs, can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.
Tax Planning & Preparation
Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multitiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation.
Forensic Accounting & Fraud Examination
Situations such as employee theft, divorce settlements, insurance claims, bankruptcy proceedings, or financial fraud can be extremely complex and often require specialized accounting expertise to help uncover facts and quantify losses. Our experienced forensic accounting and fraud investigative professionals have the skills to put together the puzzle pieces and properly document evidence. In addition to after-the-fact fraud detection, we are experienced in assisting clients in developing effective fraud prevention programs to mitigate the risk of fraud before it occurs.
Technology services and support are provided by Edafio Technology Partners