Quality Work From Accountants Who Care.
At PFC, we truly care about our clients. From tax planning and preparation to estate planning and trust work to business consulting and succession planning, we provide you with practical solutions for a variety of vexing business issues. Read what our clients have to say about the work we do for them.
Below, you'll find more information on each one of our services.
Auditing & Accounting
Understanding your company's larger financial picture is necessary to grow, to remain competitive, and to comply with generally accepted accounting principles. We help you analyze and understand the numbers. Our goal is to help you make the best decisions for your business. To that end, we endeavor to put ourselves in your shoes and to understand the unique challenges your particular industry faces. A cookie-cutter approach is not part of our offerings; keen, thoughtful guidance is. It's no wonder that many of our clients have encouraged the next generation of business owners- their children -to work with us.
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Budgeting & Forecasting
So much about starting up a company and operating a business is about planning: planning budgets, planning for expansion and upgrades of equipment and software, planning for the unexpected, and adjusting those plans when the unexpected does indeed happen. Having a team of financially minded people on your side is essential for budgeting and forecasting. We are that team.
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Business Acquisitions & Sales
Buying or selling a business is one of the biggest decisions you'll make in life. We counsel you through everything you need to know when you're considering buying a new company-such as securing financing and long-range viability. When you're selling a business, we evaluate all of the tax implications and the impact the sale will have on your financial life. We make the leap off the cliff look a lot less steep.
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Business Consulting
As business owners ourselves, we have many of the same business and tax issues that you have, such as remaining competitive while remaining profitable, securing financing, and understanding cash flow projections. In other words, we get it. This means we also have proven strategies for helping you succeed. From our solid relationships with area banks to the varied skills of our outstanding staff of CPAs, we have the business expertise you need to be successful. In addition, we'll help you answer those business questions that crop up: should I lease this space? Should I buy this piece of equipment? Should I consider this merger or acquisition? We'll be your key advisor in these business decisions.
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Business Succession Planning
You've worked hard building your business and you want to ensure that the next generation is prepared to carry on what you started. We use our decades' worth of experience to help clients avoid common pitfalls, to make sure every action has been carefully considered, and to understand issues pertaining to the succession. We do all this while keeping in mind the very personal nature of this transaction.
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Business Valuation
Understanding the true value of your business is essential in order to be able to make a variety of business decisions that will provide the optimal results for you and your company. There are many situations in which businesses need to be valued: estate tax planning, gifting programs, divorce, business sale or acquisition, partner dissolutions, and Sub-Chapter S elections. Our certified valuation analysts provide a comprehensive and objective analysis to ensure that the decisions made are based on sound evidence and reasoning, not emotion.
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Employee Benefit Plan Audits
When a company has over 100 employees participating in its 401(k) plan, the IRS and the Department of Labor require that plan to be audited every year to ascertain that the plan complies with the appropriate rules. These audits are detail oriented and somewhat unconventional, so it's best to have an accounting firm that does them frequently. We're one of the few accounting firms in Massachusetts that does these audits and does them well.
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Estate and Trust Services
We've all heard horror stories about estates being held up in probate. Proper estate planning takes time and thoughtful consideration with professionals who understand the ins and outs of the intricate estate laws. At PFC, we take the time to understand your family and work dynamics as well as what your vision is for your heirs. We ensure maximization of assets while minimizing costs and tax liabilities.
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Peer Review
Once every three years, every CPA firm that issues financial statements needs to be reviewed by an independent CPA firm. The results of this independent review get reported back to the Massachusetts Peer Review Acceptance Board. At PFC, we're one of the relatively few firms in Massachusetts to be certified to perform these reviews. Many times, dealing with a smaller firm can be beneficial. We educate you on how to correct or improve deficiencies while highlighting your strengths.
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QuickBooks® Training
QuickBooks® is a great financial tool for business owners if you understand how to use it. We can assist you in formatting the software to work properly and efficiently for your particular industry. We can train you, your bookkeeper, or other staff members on how to harness the power of QuickBooks®.
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Tax Planning and Preparation
We use legitimate tax planning strategies to limit your tax liabilities while maximizing your financial statement income. We always have your best interests at heart, we never have hidden agendas, and we're always available to answer your questions. We are proactive and creative, and we're always looking for the best tax strategies. We plan now so that there are no surprises later.
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Tax Planning for Exporters: IC-DISC
IC-DISCs (Interest Charge-Domestic International Sales Corporations) provide U.S. exporters with substantial tax incentives and deferral opportunities that can create tremendous savings. At PFC, we thoroughly understand IC-DISCs, can calculate the potential benefits of setting up one, and can handle the filing requirements.
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Tax Audit Representation for IRS & State Authorities
Going before a governmental body can be nerve-wracking even for the most calm and self-assured business owner or individual. Because of our extensive documentation and understanding of tax law, we've experienced great success when representing our current clients. If you're new to PFC, we're happy to work with you through the process and represent you before federal and state authorities.
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Contact us today for a FREE initial consultation.
