Business Services

Business Plans

Need to approach a bank for a loan? Planning to seek some outside investment for the growth of your company? Or just trying to figure out whether all the work you’re doing makes any sense? Our team of professionals has a wealth of knowledge and experience working with companies in a variety of industries in developing comprehensive business plans. We can perform market research to assess the overall potential of your business. We can perform competitive analysis to identify who is competing for the market you’re after and how they do it. We can support you with financial projections based on your estimates, assumptions, and goals for the business. Whether it’s a comprehensive business plan for the entire enterprise, or a focused business plan for a new product, a new branch or new market, we can assist you in this important process.

Planning, Budgeting, and Forecasting

Many entrepreneurs and business owners are so busy tackling the day to day challenges of their business that they don’t take the time to map out a plan for the future and monitor their progress against that plan. Our team of professionals has extensive experience in understanding our clients’ business models and translating the owners’ and/or investors’ goals into an understandable financial plan or budget. We can also help you implement the processes to monitor performance against that plan. It is our belief that planning for the future and understanding your potential opportunities for success is as important as reporting historical results.

Mergers and Acquisitions

For many businesses, purchasing another company or being acquired is a significant event and may be the most important step you take. We can help you with planning the strategy for the deal, deal structure, negotiation, due diligence, and post-acquisition integration. Our team of professionals has been involved in many mergers and acquisitions (M&A) transactions and has the skill and experience to help you through this important step in your company’s history. In addition, we can advise you on the effects of a transaction will have on you personally through tax and financial planning as part of our Personal Services.

Business Valuations

Business owners often lack the sophistication, objectivity, and necessary perspective to value their business properly. Our experienced staff is able to apply formulas and the latest methodologies to value a business whether it is for a purchase or sale, estate planning, estate gifting, incentive programs for employees (i.e. implementing an ESOP – employee stock ownership plans), a property settlement in a domestic situation or any other reason. Let us be the objective expert in valuing your business.

Management Consulting

The years of professional experience and relationships with our clients give us a broad perspective on business issues, problems, and opportunities. In many cases, we have helped other clients through a challenge very similar to the one you are facing. Let us be your trusted counselor and advocate on those issues. By understanding the larger picture from an objective viewpoint we can advise business owners on how best to maximize their return or asset.

Bank Financing and Negotiation

We can function as an extension of your management team to prepare documentation, make presentations, and negotiate terms for financing. Our clients are able to leverage our extensive professional contacts in the banking industry to secure needed financing for their business. We know the players and speak their language.

Management Recruiting

Many of our clients rely on us to advertise for, interview, qualify, and recommend candidates for critical management level financial positions. Our personal knowledge of their business and needs puts us in a unique position to do this for our clients at a reasonable cost.

We are your Essential Charitable Gift Annuity Partner

As the largest bookkeeper of NY, NJ, and CA annual Charitable Gift Annuity statements, our clients include national and multinational charities with gift annuity components. Decades of combined experience and attention to detail make us the industry leader. Our goal is to provide world-class service in a timely manner.

Our Process is Simple and Secure

We leverage the latest in technology to bring convenience and security to all clients. Clients work with us through our innovative drag and drop portal, making sharing simple and secure. Statements are prepared, reviewed, and forwarded back to the client with definitive instructions to complete the filing. We are receptive and promptly answer any questions.

Tax Planning and Compliance

Our expert knowledge of federal and state regulations enables us to identify strategies that minimize your tax burden while staying in compliance with the law. Our expertise extends to corporations, LLC’s, partnerships, and proprietorships and can be further extended to your personal tax situation as part of our personal services. Our professionals work with each client to develop a tax strategy that is specific to your needs. Our experience has shown us that tax planning, both short-term and long-term, is critical to an organization’s financial success.

Tax Preparation and Filing

Our professional staff of CPA’s and tax return preparers are skilled in all aspects of business tax return preparation – Corporate returns (C corp. and Subchapter S), LLC’s, Partnerships and Proprietorships. We are able to navigate our clients through the intricate maze of single, multi-state, and international tax laws and regulations to ensure your returns are filed in an accurate and timely fashion and that your business takes maximum advantage of the provisions in the various state and federal tax codes. We are also well versed in other aspects of business taxes including sales and use tax returns, franchise tax returns, and payroll taxes. States are becoming increasingly aggressive on all fronts in their need to maximize tax revenues and close deficits. Our team of experts can help you analyze your “nexus” or business presence to ensure proper tax return filings and extend that analysis to planning services to minimize taxes in the future.

Transaction Analysis

Our proactive approach to tax planning and compliance combined with our years of professional experience put us in a unique position to advise clients on the tax implications of a specific transaction. Whether it is a real estate transaction or a business or asset transfer, our professionals can help you review alternatives and assist in structuring your deal in a tax efficient manner.

Succession & Continuation Planning

Many business owners get unpleasant surprises when they begin the process of handling their business off to family members, partners, or new management. Regardless of whom the transfer is to, the results need to focus on continuing the momentum of the thriving business, maintaining the value of the asset being transferred, and minimizing the taxation to all parties involved. We can also help you creatively think through the process of who the successors should be to maximize the value to the current owners.

Financial Statement Services

We are able to provide financial statement services, including review, compilation,and agreed upon procedures. These services routinely involve procedural and internal control reviews of areas such as inventory management, order processing, personnel, and areas of importance to management. In many cases we are able to provide a report to management with recommendations for improved efficiency and profitability.

Internal Control Reviews

Whether you are planning for compliance with Sarbanes-Oxley or just want to make sure you run a tight ship, an audit or review of your internal controls can be an important part of a company’s development. As a company matures, processes and procedures that you used yesterday can become outdated and inadequate tomorrow. Our professionals are trained and experienced in reviewing and testing internal controls to ensure adequacy and will make recommendations for improvements.

QuickBooks Support and Training

QuickBooks is an easy to use accounting program designed for the small business. The reports will help you know the financial results of your business and organize it for your bank and IRS filings. K2N is your best choice for QuickBooks training and consulting. We believe your time is valuable and good training and reports get you out of the office faster to focus on growing your business.

Bookkeeping and Accounting

Many businesses do not need to hire a full-time accounting staff or a business owner may prefer that function to be offsite. We offer a full suite of services ranging from transactional support for accounts payable and accounts receivable, general ledger, payroll, monthly and year-end financial summaries, and tax reporting. We are able to customize a set of services to meet each client’s needs. As the business grows and prospers, we can assist in recruitment, training, and transition to bring the accounting functions in-house.

Payroll Services

Producing payroll can be one of the most tedious and time-consuming tasks facing a business owner. We work with our clients to establish a smooth process for accumulating the information necessary for payroll and then follow through with preparing paychecks, filing payroll tax reports, and coordinating tax deposits in the required timeframes. We also will help our client’s transition to an outside payroll service and train client personnel in the payroll process.