Business

Peter Advani CPA,PLLC Business ServicesNeed money to grow your business?

  • We will assist you to prepare the paper work to be submitted with the financial institution that will enable you to get a line of credit or short or long term loan depending on your needs.
  • Executive Summary: Where we concisely state the purpose of the loan, the exact amount of money required, an explanation of what the loan will be used for and why it's needed. Pro-forma Financial Statements: We use your data and underlying assumptions to prepare information that your banker can easily use. Owners Personal Financial Statements: We make a personal financial statements and also copies of the last 3 years of personal tax returns for the bank. 

Business Valuation

  • Few things are more important to business owners than the value of their business. The valuation you get for your business can make or break a proposition. Whether you're negotiating a merger, considering new shareholders, attempting to resolve disputes associated with liability, shareholder equity, estate planning or marital dissolution, objective valuation can make the difference between loss or gain, success or failure.
  • Business valuation is not an exact science. It's based on judgment, experience and relevant information. So, you need professionals who are well qualified, with significant experience in evaluating all types of organizations.
    Our approach is to intimately know your business in order to understand what constitutes its value. We work closely with you to analyze your operations and historical financial data. Our in-depth knowledge of your business enables us to provide a well-reasoned, fully documented and defensible valuation opinion.

We provide a full range of business valuation services for the following needs:

  • Purchase or sale of closely held business or business interests
  • Employee stock ownership plans (ESOP's)
  • Valuation of subsidiaries, divisions and joint ventures for spin-off to shareholders and/or sale
  • Court appointed valuations in disputes
  • Minority shareholder disputes and litigation
  • Divorce (equitable distribution)
  • Litigation consulting services provided to trial counsel in preparing to depose and cross-examine valuation experts

New Business Formation

Thinking of owning your own business?

  • Opening your own business is exciting and thrilling. It's everything that you dreamed of wanting but o make it successful you have to follow a methodical plan of action to fulfill your dream and goal. Your success lies in the approach you choose to take, we help you to avoid common mistakes that most small business owners make when starting their new business.

We assist you in your new business formation

  • Prepare an initial business plan discussion 
  • Determine your start-up capital needs.
  • Evaluate and quantify your borrowing power 
  • Select a business structure that best fits your needs by evaluating tax advantages, l
  • Select the right accounting software.
  • Prepare a Cash Flow Statement to know exactly how much money you need. 
  • Prepare and file all required state and local licenses and permits.
  • Prepare and file your application for your Federal Employer Identification Number.

We provide our knowledge and skills to the new business owners so they can make a right start and right decisions for their new venture.

Non-Profit Organizations 

  • We can help you setup and maintain your non-profit organization's tax-exempt status by handling all the IRS reporting for you. Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations, which includes the following items.
  • Income Statement with very specific revenue and expense categories like donations, salaries, postage, rent...
  • Balance Sheet with specific categories like cash, accounts receivable, accounts payable...

If you're starting a new not-for-profit organization we can help you prepare your organization's 501 (c)(3) application for tax-exempt status.

Here's what's needed...

  • Articles of Incorporation containing the Exempt Purpose Statement as described in IRS Code section 501(c)(3) and defined in Treasury Regulation 1.501(c)(3)-1 Paragraph d and the Dissolution Statement described in Treasury Regulation 1.501(c)(3)-1 Paragraph b subparagraph 4 ("Organizational Test").
  • Employer Identification Number
  • By-laws of the Organization
  • Minutes of Board Meetings
  • Names, Addresses, and Resumes of Board Members
  • Names and addresses of all Active Members
  • Inventory of Assets like cash, furniture, equipment, property, pledges...
  • Inventory of Liabilities like mortgages, accounts payable, loans...
  • Rent/Lease Agreements and Contracts
  • Revenue and Expense Statements for the last four years or as far back as possible if your organization has been in existence for less than four years.
  • Written Reason for Formation and History of the organization.
  • Organization Mission Statement or Statement of Faith or Beliefs for Churches and other Religious Organizations.
  • Organization Activities, Operations and Programs Documentation including your statement of purpose & operations, food programs, fundraisers, flyers/brochures/pamphlets...
  • Financial Support Documentation including all sources of revenue like contributions, tithes, offerings, fundraisers...
  • Fund Raising Program Descriptions

We will be happy to  assist you in preparing these required forms.

  • IRS Processing/Filing Fee

Accounting | Compilation, Review, and Audit | Business | Payroll | Taxation | Financial Planning