Norvell & Associates, P.C. - Services
Norvell & Associates, P.C. can provide the expertise required for the engagements of various types and sizes of businesses.
Our services include:
- Audit Services
- Bookkeeping Services
- Compilations
- Fraud Examination
- Other Attestation Services
- Reviews
- Tax Compliance and Planning
- Tax Services
Audit Services
As certified public accountants, we are responsible for the objective examination of financial statements in accordance with generally accepted auditing standards. Our audit philosophy includes understanding the key aspects of our clients' operations and the areas which are critical to their success and their ability to attain their goals. Although the primary objective of an audit is the expression of an opinion on the fair presentation of the financial statements, we consider it important to develop suggestions and recommendations to assist management in improving the internal controls and efficiency of the organization.
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Bookkeeping Services
Norvell & Associates, P.C. can provide the accounting services unique to your business, and we are available to work on site. Our services include:
- Payroll services
- Maintaining the general journal, cash receipts and disbursements journals, the sales journal, purchase journal and posting entries to the general ledger.
- Reconciling bank statements to the general ledger
- Analyzing expense accounts
- Adjusting and closing ledgers
- Preparing government reports
- Preparing federal, state and local payroll tax returns, including quarterly and year-end reports, W-2s and 1099s
- Assist with inquiries regarding special compensation, fringe-benefits or payroll related issues
- Computer business set-ups
- Small business bookkeeping
- Accounts receivable and accounts payable processing
For questions regarding special compensation, fringe benefits, which forms to update at year-end, bookkeeping related issues, payroll related issues, etc., a member of our Firm will be happy to help you.
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Compilations
When a client needs financial information presented in the form of financial statements and does not require the assurances provided by an audit or review, we may perform compilation services. These services are less extensive than an audit or review.
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Fraud Examinations
Norvell & Associates, P.C. provides fraud examination services for businesses and individuals in need of an independent investigator to identify the warning signs and red flags that indicate evidence of fraud and fraud risk. A fraud examination requires skills that go beyond the simple expedient of tallying numbers and accounting for funds in an appropriate and legal manner. A fraud examiner must have the insight, skill, and training to seek out and find discrepancies even if the truth has been purposely concealed.
For clients concerned about fraud and fraud risk, Norvell & Associates, P.C. offers:
- Financial statement fraud investigation
- Fraud risk assessment
- Proactive fraud audits
Our Fraud Team has the knowledge and resources to complete a confidential fraud investigation to start the asset recovery process, define the facts of the case, and assist management in evaluating the lack of controls that led to the incident.
Norvell & Associates, P.C. is proud to employ and staff Certified Fraud Examiners (CFEs).
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Other Attestation Services
- Forecasts
- Projections
- Agreed-upon procedures and other non-traditional engagements
- Internal control reviews
- Internal audit services
Reviews
For clients having no requirement for an audit but desiring reliable financial information, we recommend a review in accordance with standards issued by the American Institute of Certified Public Accountants. Rather than rendering an opinion on the financial statements, a review provides limited assurance that no material modifications are necessary for the financial statements to be in conformity with generally accepted accounting procedures. A review is less comprehensive than an audit. The process of reviewing the financial statements also allows us to become familiar with the client's operations and to offer suggestions.
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Tax Compliance and Planning
Corporations (for profit and not-for-profit), Partnerships, Limited Liability Companies, Individuals, Fiduciary, Estates, Gift, and Payroll related assistance with Internal Revenue Service examinations.
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Tax Services
We provide a complete range of tax services. Our experienced tax professionals concentrate their practice on providing proactive tax advice to our clients. In addition to ensuring that businesses' operations are consistent with tax laws, and providing guidance in proper compliance with tax rules and regulations, our services include:
- Expertise in preparing federal, state and local tax returns for corporations, partnerships, nonprofit organizations, individuals, limited liability companies
- Estate and gift
- Sales
- Excise
- Gross receipts
- Multi-state returns for corporations
- Estimates and anticipated tax liabilities
- Planning strategies to minimize federal, state and local taxes for businesses and individuals
- Tax planning for mergers and acquisitions
- Taxpayer advocacy in dealing with taxing authorities.