Assurance, Accounting, Tax and Advisory Services
It's not just about the numbers, it's how well we understand your needs.
NANAVATY DAVENPORT STUDLEY WHITE LLP
At NDSW our niche in the marketplace is our full-service approach for all clients.
Trained by international accounting firms we learned early that the key to a successful business is client service.
So we decided to design every engagement with a Team of Professionals tailored for each client to assist with their Assurance, Accounting, Tax and Advisory Services.
Additionally, we invest time and resources in professional education and computer technology to provide clients with the technical strengths of a large firm but the attention to detail of a small firm.
At NDSW we understand that Planning is the key to successfully and legally reducing your tax liability. We also understand that Advisory Services are more than consulting.
We know that preparing your own income tax return can be a task that leaves you with more questions than answers. It is the seasoned professional, the one with the experience, the one you Trust that should assist you with this task.
Tax services offered include but are not limited to:
Tax planning & return preparation
Corporations, Partnerships, LLCs/LLPs
Estates, trusts & gift
Beyond explaining how to use financials, we advise clients on the financial impact of focusing on the reduction of operating costs and spending time on business development and strategic management decisions. In addition acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.
Some of the decisions we have helped business leaders make include the following:
Buying and selling a business
Set up a new business
Considering tax implications before implementing any new business strategy
Litigation support, forensic accounting and IRS audit representation is also available
Elder care issues
NDSW is a member of the American Institute of Certified Public Accountants' (AICPA) Employee Benefit Plan Audit Quality Center for CPA firms. The Center is a national community of firms with a commitment to quality and to raise awareness about the importance of Employee Benefit Plan Audits. The Center develops and provides to its members guidelines and tools to better serve their clients.
We are also a member of the AICPA's Government Audit Quality Center (the "Center"). The Center was established to promote the quality of governmental and non-profit organization audits. The Center has created a community of firms that demonstrate a commitment to governmental and non-profit organization audit quality, and supports those firms by providing members with timely communication of regulatory developments, best practices guidance, and technical updates, as well as other useful practice tools. The Center is governed by an executive committee that establishes general policies of the Center and oversees its activities. It also establishes the requirements for membership in the Center as necessary, subject to AICPA Board of Director's approval.
Our Audit services are focused on the following:
Non-Public Privately owned businesses
Employee benefit Plans
Common Interest Realty and Homeowner Associations
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's operations. We provide financial reporting on all three levels of assurance:
An audit is the highest level of service and is the one that is familiar to most people. An audit consists of examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. We will design an approach that will consist of tests of documents, contracts, agreements, etc. We will also assess the accounting principles used and any significant estimates made by management, as well as evaluating the overall financial statement presentation. An audit typically includes, but is not limited to, direct confirmation of bank balances, physical inspection of significant equipment and property, and other correspondence with third parties such as attorney's, customers and others that we deem necessary in the performance of the audit procedures. As part of the audit we will obtain a sufficient understanding of the internal control structure in order to plan the audit and determine the nature, timing and extent of the tests to be performed.
A review is the middle level of service. A review consists principally of inquiries of company personnel and analytical procedures. A review is substantially less in scope than an audit, and does not include detail testing of evidence supporting the amounts in the financial statements, among other procedures typically performed in an audit.
A compilation is the third type of service. A compilation is consists of presenting information provided by management in the form of financial statements and may include footnotes. A compilation is not a review or an audit. No opinion or any other form of assurance is given on the compilation.
In addition to the above services our experience extends to Agreed-Upon Procedures Engagements; Reporting on Pro Forma Information; Compliance Auditing; and Internal Control Reporting