Executives and business owners not only require creative and objective solutions to business problems; they, in many cases, need assistance implementing those solutions. In that regard, the Firm actively assists its clients in accomplishing their goals and in making changes which may be required to effect problem resolution.
The approach is proactive. We take a very hands-on approach with all our clients in order to help them achieve their goals.
| TAX SERVICES | BUSINESS CONSULTING |
| PERSONAL FINANCIAL PLANNING | ACCOUNTING, REVIEW AND AUDIT |
| VALUATION SERVICES | MERGER & ACQUISITION |
| LITIGATION | CALL US |
It is our job to see that you pay no more tax then the law requires. We are equipped with the technical knowledge, experience and computerized data bases and compliance programs to provide you the best representation available, no matter if you need federal, state or local tax assistance.
Tax Compliance:
We have extensive experience with the preparation of all federal, Florida, multi-state and local tax returns, including individuals, partnerships, estates and trusts and corporations, income, sales and use tax, franchise, tangible and intangible property and employee benefit returns. We constantly monitor the changing tax laws and recommend appropriate and timely tax saving strategies for our clients.
We also have extensive experience in representing clients before the Internal Revenue Service, Florida Department of Revenue and local tax assessors, as well as compliance with multi-state Nexus income, franchise and sales tax issues. If you are contacted by any government agency concerning your tax matters, your first call should be to us. We will take care of it so that you pay the minimum amount of tax and can concentrate your time on your business.
Tax Planning:
We present tax cutting techniques and planning strategies to you in understandable terms. We have assisted individuals with such strategies as:
Splitting income among various family members or legal entities so that more of the income is taxed at a lower bracket.
Shifting income from one year to another so that it may be taxed at a lower rate.
Deferring tax liabilities through investment choices and retirement plan contributions.
We have also assisted our business clients with numerous tax saving opportunities with tax planning services including:
Appropriate selection of business entities such as C Corporation, S Corporation, limited liability corporation or partnership;
Analysis of sales and use tax for savings opportunities, as well as compliance matters;
Analysis of independent contractor versus employee reviews for potential employer tax liability;
Assist with Multi-State tax issues related to avoiding Nexus tax obligations;
Moving intangible assets out of state for savings on Florida intangible taxes;
Review of taxable valuation of personal property subject to tangible personal property taxes and representation before the county tax assessor and appeals board to obtain the appropriate reduction in taxable value;
Review of depreciation methods and calculations to make certain maximum deductions are realized without unnecessary exposure to alternative minimum taxes; and
Analysis of costs required to be included in inventory according to IRC § 263A in order to maximize current year expense deductions under the accrual method of accounting for tax purposes.
Johnson Eubank DeMatteo & Company prepares hundreds of tax returns each year, we know what to look for when we prepare a return. More importantly, we are available to provide clients with financial and tax planning advice throughout the year.
Approximately one million new businesses are started every year in the United States. About 80% of all new businesses will fail within five years. Business managers are faced with a multitude of business problems and their solutions are as varied as are different businesses. We make it a point to understand these business issues and to provide value-added ideas to help our clients succeed.
Whether you are starting a business or operating a going concern, we can help you select the proper organizational structure and help you secure the necessary, adequate capital and financing. We will work with you and your banker, lawyer, insurance agent and other advisors to solve your business problems. Our expertise provides us the opportunity to assist you with developing a business plan and establishing a business strategy necessary to allow the company to obtain and sustain the growth that it projects. We can also assist you with preparation of loan applications, product pricing and credit policies, cash flow projections and cash management procedures, cost controls to improve profitability, establish the information and accounting systems necessary to provide appropriate information for management to monitor the operations of the business entity. We work with you to help you understand the links that exist between your business strategies and financial structure, we analyze key performance areas of your business that have the greatest impact on cash flow and financial results and present our clients with a range of alternative strategies that assist them in using the company’s financial structure as a competitive weapon. We meet with our clients on a regular basis throughout the year to discuss current developments in operations, accounting and tax matters and actions they can take to improve their ongoing results.
We believe that quality service begins with listening carefully to our client’s needs and concerns. Our frequent meetings with clients throughout the year allow us to keep abreast of current developments and events and to anticipate the specific needs and opportunities of their operations. We keep our clients informed of the most recent developments in accounting, financial reporting and tax matters so that solutions and implementation can be addressed in a prompt and efficient manner before small problems become too large to handle. We strive to become the trusted business advisors to our clients by providing them with on-target advice and solutions to the issues they face.
Start planning and stop worrying.
In a recent Gallup poll, 60% of those surveyed said they worried about their financial future.
There are a few simple steps you can take to help reduce your worries.
Put aside some amount regularly in savings or other investments. The compounding of earnings can be substantial. The longer your investment period, the greater the beneficial effect of compounding.
Invest in what you know. The better informed you are, the better your investment decisions will be. If you don't want to learn about investments, consider hiring a money manager and paying him or her to do your investing for you.
Diversify your investments. Have some of your money in an investment that is easily converted to cash in case of emergencies. The old adage "don't put all your eggs in one basket" is good advice when it comes to your investments.
Prepare an annual balance sheet, a list of all your assets minus all your debts. A comparison of your annual balance sheets will reveal your success at growing your retirement funds.
Plan where you want to be financially by retirement age. The calculators listed below will help you determine your savings requirements. Once you know how much you need to save, put your plan into action. Over 90% of Americans must rely on the government or others for assistance during retirement. With proper planning and diligence, you may be among those who can retire in comfort.
Don't use credit to purchase consumption items. Wait until you can pay cash for things which decrease in value. Borrowing money to purchase a home is usually a sound idea. Using credit to purchase household furnishings is not.
Monitor your investments to maximize your after-tax return. Use the calculator below to compare the long-term results of different interest rates. The differences can be dramatic.
Have your insurance agent do at least an annual review of your insurance needs to determine that you are neither under- nor over-insured.
Here are some easy-to-use calculators.
Do you know how much you need to set aside to fund a college education for your child?
How much must you save each month for your retirement?
What will your Individual Retirement Account (IRA) be worth when you get ready to start drawing on it?
You can get rough answers to these and other questions very quickly by the use of the following calculators and a few estimates on your part. If we can be of help or answer questions for you, please call us.
The accounting services offered span a wide spectrum. We provide consulting on monthly accounting issues, year end closings, financial reporting issues, compliance with new accounting pronouncements and compilation of financial statements.
We have many years of experience performing financial statement reviews in accordance with Statements on Standards for Accounting and Review Services issued by the AICPA and audits in accordance with generally accepted auditing standards as required by banks, investors and owners. The financial statement presentations are presented in accordance with GAAP as established by the Financial Accounting Standards Board or on other basis of accounting such as the cash or tax basis.
We are very familiar and current on the specific industry guidelines, standards and practices of many different industries including:
Construction
Manufacturing
Wholesale Distribution
Entertainment & Hospitality Services
Professional Services
Not For Profit Entities
Real Estate
We put special emphasis on making financial statements understandable not only to management, but to lenders, shareholders and appropriate regulatory agencies.
Determining the value of a closely-held business isn’t an exact science; it’s more of an art. Most business owners are finding that day-to-day business decisions require informed judgments of current or future values of assets, consideration of tax laws, asset acquisition and disposal implications as well as financing. We have a significant amount of experience in providing valuation services for such situations as:
Buying or selling a business;
Creating a buy sell agreement between owners;
Obtaining financing;
Planning for or determining estate and gift taxes;
Values for settlement of divorce or other property settlements; and
Determining value of intangible assets including copyrights, customer lists, good will, patents or other special proprietary technology.
Our professionals are uniquely qualified through training and experience and have rendered expert opinions on value of closely-held businesses and intangible assets in state courts and in arbitration. Most businesses would find it very beneficial to determine the fair market value of owner’s equity in order to properly plan and evaluate the most appropriate strategies and financing decisions for future success.
Many companies today pursue growth through mergers and acquisitions of other business interest. While this strategy can be highly rewarding, it also carries high risk and requires in-depth analysis and evaluation of projected operations in order to be successful. Our professionals have a great deal of experience in assisting companies in the evaluation process of mergers and acquisitions in a variety of industries. Our experience and knowledge of accounting, tax, corporate finance and the specific operations of various industries are brought together to serve the needs of all parties to a proposed transaction. We have significant experience in developing acquisition criteria as well as in performing due diligence on behalf of buyers and sellers. Our merger and acquisition services include:
Performing due diligence reviews to analyze potential acquisitions;
Assisting buyers in defining and executing acquisition strategy;
Performing business combination modeling;
Planning organization and system integration;
Providing business valuation and purchase price allocation analysis;
Assisting with structuring and sources of appropriate acquisition financing; and
Structuring the transaction to minimize tax implications.
Our merger and acquisition services can include reviewing or helping you prepare your strategic plans for acquisition, challenging your acquisition criteria, and actually identifying promising acquisition candidates. Also, our computer modeling capabilities make it easy for us to assist with various "what if" calculations and other acquisition projections and considerations.
Whether you’re considering buying, merging or selling, you should call on us to obtain the benefit of our extensive experience.
Robert L. Johnson has more than 20 years of experience in providing litigation support services to attorneys and clients. He has provided expert testimony in Federal and State circuit courts as well as in arbitration and mediations. Such services include, among other things, damage calculations from loss of income or profits, time delays, breach of contracts, diminution of value, infringements and professional liability. We have also provided assistance with property settlements and alimony in divorce matters including business valuations.
Johnson Eubank DeMatteo & Company is a member of the American Institute of Certified Public Accountants, the Florida Institute of Certified Public Accountants, the Volusia Manufacturers Association, Enterprise Volusia, the Association of General Contractors and the Daytona/Halifax Area Chamber of Commerce.
WE WANT TO HEAR FROM YOU.
Why don't you call us for a no-charge initial conference. We will discuss your financial and tax situation and help you determine how we may assist you. Please call or use the e-mail link below to receive a FREE subscription to our informative client newsletter.
825 Ballough Road, Suite 400 |
|
(386) 255-1981 / Fax: (386) 255-8030 |
