Gatto, Pope & Walwick, LLP can prepare or assist you in preparing a variety of meaningful financial information. By taking the work out of your hands, we will help your business operations to run more efficiently on a daily basis. We also have Quickbooks Pro certified advisors on staff to assist you with your Quickbooks bookkeeping needs.  Our  full range of cost effective accounting services includes the following:

• General ledger and financial statement preparation
• Bookkeeping (Monthly/Quarterly/Annually)
• Bookkeeping for trusts and estates in a court-approved format
• Computerized payroll services
• Business tax return preparation (Sales and Use/Business Property)
• Personal financial statements

At Gatto, Pope & Walwick, LLP we provide financial reporting on three levels of assurance:

1. An audit is our highest level of assurance and will include a detailed review of your company's books and records, internal control systems, and financial reporting processes. When the audit is completed we will issue an opinion on your financial statements based on the results of our audit. We will also provide you with any recommendations we have to improve the efficiency of your financial reporting processes and to maximize the company's profitability.
2. A review provides limited assurance that your financial statements are fairly stated in accordance with generally accepted accounting principles (GAAP) based on inquiries and analytical procedures applied to your financial statements. In a review engagement we will assist you with identifying accounting and reporting issues and make recommendations to increase the efficiency of your financial reporting process.
3. A compilation is limited to presenting in the form of financial statements information that is the representation of management and provides no assurance from us as to their credibility.

A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses.

We offer tax planning assistance as a valuable tool to minimize current and future tax liabilities. We prefer to be proactive regarding tax liabilities, by staying current on tax legislation. We evaluate various scenarios to keep our clients aware of their tax saving options. In addition we offer our clients a wide variety of tax assistance including the preparation of the following:

• Individuals
• Corporate (including subchapter S and consolidated returns)
• Partnerships
• LLCs and LLPs
• Estates, Trusts and Gift taxes
• Pension Plans
• Non Profit Organizations
• Multi-state tax returns

Having your tax return selected for audit by the Internal Revenue Service or another taxing agency can be intimidating, time-consuming, and frustrating. Our experienced staff can:

• Represent you during the examination
• Use the Internal Revenue Code to maximize the presentation of your information
• Prepare correspondence to help resolve the audit in a timely manner
• Help minimize or eliminate your exposure to additional tax

• Form 5471 Information Return of U.S. Persons With Respect to Certain Foreign Corporations preparation
• Form 5472 Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business preparation
• Inbound/outbound transactions
• Withholding issues, including calculations and reporting
• Foreign tax credit calculations
• US compliance in connection with ownership of or by a foreign entity (Form 5471 & 5472 reporting)

Expatriate (U.S. citizen or lawful permanent resident living and working outside the U.S. and U.S. possessions)

Our experience with the taxation of US citizens and residents working abroad has provided us with an extensive base of knowledge in the area of international taxation. Our tax services include:

• Providing consultation prior to departure and after arrival
• Tax planning to minimize tax
• Preparation of US individual income tax returns and state income tax returns (if necessary)
• Calculation of tax equalization
• Proper planning to minimize the cost to the employer while at the same time maximizing the value of the foreign compensation package to the employees

Inpatriate (Foreign national living and working in the U.S.)

• Foreign trust reporting
• Dual status issues
• Coordination with home country CPA equivalent

Income tax treaties research and consultation

Most businesses must report and pay sales tax. We can take the drudgery out of the sales tax preparation process. Our firm can assist your company in the compilation of information and preparation of sales tax returns. In addition, for accurate compliance, we make sure you are aware of any revised regulations that may affect your company and our experts are always available to answer any questions or advise on any sales tax issue that may arise.

Estate and trust tax laws are constantly changing. Our firm can review your current estate strategy or help you create one. We can discuss your needs and concerns and help you achieve your goals, whether they are to minimize estate and gift tax, provide security for a surviving spouse, or facilitate the orderly transfer of assets to your beneficiaries. We will work directly with your attorney and/or financial planner to make sure your goals are attained.

Effective retirement planning combines the skills of the traditional estate planner, financial planner, tax planner and employee benefits planner, not to mention required expertise in real estate and other areas of your financial life. We know that the primary goal of sound retirement and estate planning is to improve net worth, while minimizing taxes. Our professional team can help you plan for a financially secure retirement, provide for your family and other beneficiaries, protect your business and develop tax-saving strategies at the same time. We'll also continually monitor your insurance, investment, retirement and estate plans as your personal and professional needs change.

Our professionals, working with your other advisors, gain an in-depth knowledge of your financial situation and can help to make sure that your retirement planning matches your long-term goals. If you are a business owner we can discuss if your retirement plan is working with your business plan. As part of our comprehensive retirement planning services, we will:

• Review your financial situation and net worth
• Advise on investments, tax strategies and insurance coverage
• Determine goals for a financially secure retirement
• Develop a strategy to attain those goals
• Review the strategy on a regular basis to ensure your objectives are being met
• Provide plans to minimize wealth transfer taxes
• Analyze and advise on estate plans and trust agreements
• Provide solutions to concerns over distribution of personal and/or business property

Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs, etc.) can provide significant tax advantages for closely held businesses and self-employed individuals. We can help you determine which type of plan is right for your business and refer you to a qualified pension administrator and/or investment custodian. In addition, our firm also performs pension plan audits, if one is required.

Gatto, Pope & Walwick, LLP offers investment services to assist in wealth accumulation, asset protection strategies and diversification. Our emphasis is to monitor investment performance and achieve long-term financial goals in a proactive manner.

• Schedule of Investments
• Schedule of Net Worth (if applicable)
• Schedule of Concentrated Stocks reflecting shares, location of shares, sales, purchases and market value
• Schedule of Stock Options reflecting option cost, exercises and market value (tax consequences if applicable)
• Schedule of Cash Activity in brokerage accounts

• Review unrealized gains/losses
• Review realized gains/losses
• Review margin rates/compare to other brokers/other clients
• Review interest rates/compare to other brokers/other client/taxable vs non-taxable
• Review current cash requirements and future cash requirements - Cash Flow
• Review managed account performance to actual results
• Review portfolio allocation
• Review management fees charged
• Review commissions charged

• Prepare subscription instructions/new account set-up