Michael G. Sweeney & Associates, CPA, PS
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Client Services

Sweeney & Associates, CPA, PS offers a wide range of services to our individual and business clients. Because our firm is locally owned and operated, clients benefit by getting personalized, quality service that is beyond comparison. Below we have listed the services that we offer to our clients along with a brief description. As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed.

 


Consulting Services

Accounting Software Selection & Implementation

With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting one that is right for you has become increasingly difficult. As accounting professionals, we are exposed to most programs through trade journals and actual use. Our experienced staff can help you choose and implement the system that best fits your needs. For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

Business Consulting

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop 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. For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

Business Entity Selection

Choosing the form of entity of your business (e.g. Closed C versus an "S" Corporation, Sole Proprietorship, General Partnership, Limited Liability Company, Limited Liability Partnership, Professional Service Corporation or perhaps a Non-Profit Organization) 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. For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

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 strategically sound plan. For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

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. For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

Computer Consulting

Whether you are contemplating the addition of new computer hardware or overhauling your network, our experienced staff can assist you with many of the difficult decisions that must be made when designing your business' computer systems. For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

Accounting Services

Audit Services

We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. Audits differ from reviews and compilations, as they are an intensive examination of your company's systems and records providing the highest level of assurance. For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

Bookkeeping/Write-Up

Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

Financial Forecasts & Projections

Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals. For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

Reviews & 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. In addition to Audited Financial Statements, we provide financial reporting on two other, more common (for non-public companies), levels of assurance:

*Review - some analytical procedures conducted with limited assurance

*Compilation - based upon client information provided and used primarily for internal use. We do not currently provide Audit Services for public companies. For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

Tax Services

Estate & Trust Tax Preparation

Effective estate and gift 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. For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

IRS Representation

During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies. For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

Payroll Services

As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner. For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

Tax Planning

Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities. For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

Tax Preparation

Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations. For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

Other Services

Mergers & Acquisitions

Finding the right business partner for your company can be a difficult task. We can assist you in the merger or acquisition process by assessing such critical elements as tax considerations; product/service compatibility; competitive tactics and position; financial impact; and cash flow considerations. For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

Notary Public

Bring us your important documents to notarize. For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

Miscellaneous

Construction Accounting

Construction accounting is a form of project accounting applied to construction projects. It is especially useful when multiple jobs or contracts are taken on simultaneously. Construction accounting involves charging construction costs to the applicable contract. Using the percentage of completion method, revenue is driven by costs based on the contract award and cost budget. Gross profit on a contract is recognized using an estimate for the overall anticipated profit for a particular contract multiplied by the estimated percentage of completion of that contract. Although there are exceptions, the Percentage of Completion Method is generally preferable for financial statement purposes over other the Completed Contract Method. In fact, most bonding agents will require this method even if another method is being used for tax reporting. To facilitate Percentage of Completion reporting, we have found setting up each job / contract on an Excel Spreadsheet, and then plugging in the formulas, to be very useful. For more information, please give us a call at (509) 455.8509 or email us via the link provided under the Contact Tab.

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