Accounting Services

---

Accounting Services

Meaningful, well-organized financial records ensure that your business operations run more efficiently on a daily basis. Our firm provides a full range of cost-effective accounting services, including the following:

• General Ledger & Financial Statement Preparation
  
  
• Bookkeeping (Monthly/Quarterly/Annual)
  
  
• Accounting System Set Up for New Businesses
  
  
• Personal Financial Statements

Audits, Reviews and 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 accepted levels of assurance, which include:

• 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.

Training

Have you ever wanted your secretary to become a bookkeeper or your bookkeeper to take on more of a role as a Comptroller? We have experienced staff who can assist you in the training of your accounting staff. Let us tell you about our success stories.

---

Consulting Services

---

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 operations. 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 sound strategic plan.

Consulting Services

We gauge our worth by the personal and business successes of our clients. We can help you identify areas negatively affecting the profitability of your business and assist you in developing growth solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following is just a few of the areas in which we provide consulting services:

• Accounting Software Selection and Implementation
• Type of Entity Selection- Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.
  
  
• Buying/Selling a Business- Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.
  
  
• Computer Systems
  
  
• Financial Planning & Retirement Decisions- A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.
  
  
• Business Policies and Internal Control Evaluations
  

Management Advisory Services

Even the most qualified managers can benefit from competent, objective feedback. We help your company's management team develop long-term objectives and specific strategies to facilitate your business's future growth and success.

Retirement Planning

Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and throughout your retirement years.

Other Services

---

Certified Quickbooks Pro Advisor

We are a Certified QuickBooks Pro Advisor. We can assist you in QuickBooks Setup, Training, and Reporting.

Tax Services

---

IRS Representation

During our many years of experience dealing with various taxing authorities, we have achieved a level of competence that ensures our clients they are being properly represented before the respective federal and state tax agencies.

Tax Planning & Preparation

We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation.

Tax services offered include:

Tax Planning & Return Preparation

• Individuals
  
  
• Corporations
  
  
• S Corporations
  
  
• Partnerships
  
  
• LLCs/LLPs
  
  
• Estates, Trusts & Gifts
  
  
• Not-For-Profit Organizations

Taxing Authority Representation

Divorce and Support Issues

Tax Effects of Buying/Selling a Business

Miscellaneous

---

Bookkeeping Services

We offer complete bookkeeping and record keeping services for our small business clients who prefer not to incur the costs of a full-time bookkeeper. This service can be provided at the client's place of business or in our offices.

Cash Flow and Financial Forecasting

A business can be profitable and still run into trouble due to cash flow and forecasting issues. We can evaluate your company's financial condition, estimate financing requirements and track cash flow sources and uses. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's goals.

Estate, Gift & Trust Planning

Effective estate, gift and trust 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.

Specialized Associations, Not-for-Profit and Tax-Exempt Practice

With many years of specialized experience and expertise, Reynolds & Franke, PC has a strategic professional commitment to serve Associations, Not-for Profit and Tax-Exempt organizations. In the Austin area, we currently provide professional and consultative services to more than 70 associations, not-for-profit and tax-exempt organizations, performing audits or reviews for approximately 35 not-for-profit or affiliated organizations. We are vigilant in our efforts to anticipate, understand and advise our clients on emerging industry issues and trends in order to provide better service to our clients about the impact of these developments on the management and operations of their organizations.