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Services

Our size fits all

Our team understand the complex demands of business ownership and we partner with clients of all sizes to help them achieve successful growth. Some need comprehensive solutions while others are looking for an economical alternative to hiring full-time staff. Regardless of where you are on the road to success, our trusted advisors can provide a customized solution that keeps you moving forward.

  • Accounting system setup
  • Contracted bookkeeping
  • Train, review and assist internal bookkeeper
  • Payroll return preparation
  • Bank reconciliations
  • Reconciliation of account balances
  • Preparation of budgets
  • Analysis of cash flow
  • Break even analysis
  • Tax planning

A commitment to quality

Our firm understands that we operate in a highly competitive environment and that you have many choices when it comes to audit & assurance services. That’s why we are committed to providing our clients with a level of service that separates us from the competition.

We achieve this by:

  • utilizing procedures that are tailored to each individual industry and client
  • taking time to meet with you and discuss the issues that are most important to your business or organization
  • ensuring that our partners are available to quickly address important client concerns
  • sharing industry comparisons and business analysis to help you improve your bottom line
  • committing to timely delivery of your engagements
  • striving to adhere to the highest levels of quality control standards, which have been validated by clean peer review reports from the American Institute of Certified Public Accountants, and as well as our membership in the AICPA Governmental Audit Quality Center and Employee Benefit Plan Audit Quality Center

Tax Services

As trusted advisors, our goal is to minimize your tax obligations while ensuring compliance with the ever changing federal, state, and local tax laws. Our tax specialists are continually monitoring recent and proposed legislation for its potential impact on clients, so you don’t have to, and we work to ensure that you are always prepared.

Estate, Trust, and Gift Needs

Our firm has extensive real world experience working with clients, their attorneys, and other professionals in this complex area. We help clients implement their plan, keeping a focus on their individual goals and objectives, including assistance with any gift tax, income tax, or estate tax filings. We also provide plan monitoring to ensure our client’s goals are being met.

Petersen CPAs and Advisors reaches beyond the traditional core services of accounting, audit and tax to support clients in need of specialized advising and offers in-depth knowledge in several areas including:

Non-profit

Petersen CPAs and Advisors understands how the environment of non-profit organizations is constantly changing and always challenging. As pressure mounts to increase services to meet the needs of the community, financial resources are likely declining. At the same time, government, donors, and other stakeholders are asking these same organizations to strengthen internal controls and improve governance.

Our non-profit specialists work with executives and board members to help them accomplish their mission through a balance of good governance and fiscal responsibility. We receive ongoing training in areas that affect the industry, keep you informed of the latest accounting and audit pronouncements and tax law changes, and help you address the implementation of such requirements. Most important, we deliver the level of communication, consultation, and value that you expect and deserve.

Vital to our success in this industry is the significant contributions of time our team members spend serving on boards and committees of not-for-profit organizations. We know this firsthand experience provides insight that is invaluable to clients.

Litigation Support and Business Valuations

When clients need specialized financial analysis as part of a legal proceeding, our litigation experts, consisting of CPAs, ABVs (Accredited Business Valuation) and CVAs (Certified Valuation Analyst) provide attorneys with specialized technical support throughout the litigation process.

Commercial Litigation

  • Analysis of damages or critique of opposition calculations
  • Analysis of lost profits or critique of opposition calculations
  • Financial projections

Business Valuation Services

  • Valuations of closely held businesses for sale, divorce, financial reporting or estate calculation purposes
  • Valuations of intangible property for sale, divorce, financial reporting or estate calculation purposes

Forensic Accounting Services

  • Financial and economic analysis
  • Evaluation of internal controls
  • Fraud investigation
  • Calculation and report of damages for prosecution or insurance

Divorce Matters

  • Evaluation of property settlements
  • Determination of assets/liabilities
  • Analysis of community and separate property accounts
  • Forensic analysis of account transactions and transfers
Fraud Services

Begin with proactive monitoring of risks

Fraud can happen in any business and can have a major impact including lost revenue, decreased employee morale and a damaged reputation that affects customers, vendors, referral sources, and banking relationships.

Petersen CPAs and Advisors can help you uncover areas for improvement in your organization’s financial recording, reporting, and oversight to help prevent asset misappropriation. An initial evaluation and recommendation is inexpensive and requires a minimal time investment.

An initial evaluation involves:

  • interviewing your management team and accounting personnel
  • identifying gaps in internal controls that could indicate a vulnerability to fraud
  • preparing a report with practical recommendations on how to minimize these vulnerabilities

If you suspect fraud, we can provide forensic accounting services, including:

  • an extensive investigation and organization of the records
  • interviewing of all parties involved
  • tabulating losses for litigation or insurance purposes