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Those not seeking assurance can choose a Compilation Engagement that allows us to file your corporate tax return and to provide related taxation planning. In addition, the client can consult our team for management, bookkeeping, payroll and other business advice.
The objective of a compilation engagement is to compile unaudited financial information into financial statements, schedules or reports based on information supplied by the client.
A compilation engagement is appropriate only where the client and other users do not need financial information that conforms in all respects to generally accepted accounting principles and audit or review assurance is not required, and where the client understands that the statements may not be appropriate for general purpose use.
The procedures performed are not designed to enable CPAs to provide any assurance on the reliability of the compiled information. To warn readers of this lack of assurance, CPAs attach a “Notice To Reader” that states that no review was performed on the information (as above) and that the information may not be appropriate for use by the reader.
We represent clients with tax issues arising from a tax audit involving individuals and corporations. We work closely with lawyers to ensure all tax matters are well understood and documented. We re-assess all returns previously filed to ensure accuracy and document any discrepancy in a format that is presentable to any tax agency or court of law. We would arrange and coordinate mediation sessions with the tax authorities to represent clients with their tax matters.
In today’s business environment, fraud and financial irregularities are becoming more common and more complex. Our team at TAVCOR combines accounting and investigative expertise to resolve fraud emergencies of the most complex and sensitive nature.
We also perform assessments that gauge your organization’s vulnerability to fraud. Helping you implement anti-fraud controls reduces your organization’s exposure to criminal and civil wrongdoing. Our services also protect you from irreparable damage to your reputation and finances.
We provide in-depth analysis of your financial performance and results of operations. We perform trend, ratio and industry analysis to ensure your business is on the right track to profitability and increasing its value year after year.
We would identify issues affecting your operation and performance and provide recommendation on how to make your business processes more efficient and your staff more productive in order to increase sales and profitability.
Other analyses include but not limited to:
We review your business and system processes and provide a summary analysis of your operations. We can help identify weakness in your operations whether system or human related.
The report would outline all weaknesses discovered throughout the review and lists all actions to be taken to resolve the issues. This service has helped many small to mid-size businesses to increase their operation efficiencies that translated to improved sales and profitability.