S. T. Kim Company, LLC, can provide advice and assistance in many areas, maximizing your financial situation.
Our clients benefit from a wide range of services provided by personalized, quality service from our highly-trained professionals. The services we provide, along with a brief description, are listed below.
**Please feel free to inquire about a service if you do not see it listed below. We can also refer you to a qualified professional if it is a service we do not provide.
Providing financial information to our clients in a timely and accurate manner is our commitment. Well-organized financial records ensure that your daily business operations will run more efficiently. Our firm provides a full range of cost effective accounting services, including the following:
General ledger & financial statement preparation:
*Accounting system setup for new business
*Computerized payroll services
*Business tax return preparation (Sales & Use/Business Property)
*Personal financial statements
Accounting Software Selection & Implementation
With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting the one that is best 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.
Audits, Reviews, and Compilations
Let our professionals provide constructive solutions for maximizing your company’s profitability and efficiency. We provide financial reporting on all three levels of assurance:
*Audit – an intensive examination with the highest level of assurance
*Review – some analytical procedures conducted with limited assurance
*Compilation – based upon information provided by the client and used primarily for internal use
Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping to ensure that your business operations will run more efficiently and effectively.
We gauge our success according to the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth, then develop solutions that are practical and technically sound. In addition, we provide comprehensive, flexible strategies that address the issues affecting your business.
Business Succession Planning
Choosing the entity of your business (e.g. “S” corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding, positive or negative tax implications. We can assist you in evaluating the pros and cons of each entity type and help you determine the most advantageous form of business for your company.
The value of your business is important whether you are thinking of buying a new business or are sorting out finances from a difficult divorce. We can provide useful and objective analysis to assist you in evaluating any business interest.
Buying & Selling a Business
Structuring the purchase or sale of a business is a critical step in this process. Our competent staff can guide you through the acquisition/disposition process by addressing key issues, such as cash flow analysis and tax considerations.
Cash Flow & Budgeting Analysis
A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company’s financial condition, estimate financing requirements, and track cash-flow sources and uses.
We gauge our worth by the personal and business successes of our clients and can help your business identify areas which negatively affect profitability and growth. We will then work with you to 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. We provide consulting services in the following areas:
*Accounting software selection and implementation
*Type of entity selection
*Buying/selling a business
*Financial & retirement decisions
*Estate, trust & gift planning
Debt & Financing Services
Let our experienced professionals assist you in securing financing for your personal or business needs or consolidating your current debt to a more manageable level.
Employee Benefit Plans
The accounting and tax issues involved with employer-provided benefit plans can be overwhelming, so let us assist with the development, implementation and administration of your plan.
Estate Planning & 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 taxes due on the transfer of your business and other assets. We can guide you through the complex process of business continuity and succession of ownership.
Expert Witness Services
Pending or existing litigation can result in the need for a qualified professional, such as the professional staff at our company, to present his/her opinion to support or oppose evidence submitted to the court.
Financial Forecasts & Projections
Financial forecasting is necessary 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.
A properly structured financial plan enables you to face any monetary challenge that may present itself at each stage of your life, so let us help you assess your financial needs and develop strategies that will enable you to achieve your goals.
We can assist you in preparing your financial statements in accordance with professional standards, while respecting your privacy concerning any personal information. These statements can be a useful management tool for making financial decisions.
From our years of experience dealing with tax authorities, we can ensure that our clients are being properly represented before the various federal and state tax agencies.
Sometimes economic damages can occur from existing or pending litigation. Our experienced and competent staff can compile information efficiently to assist you in calculating and documenting any potential economic loss or damages.
Management Advisory Services
Even the most skilled managers can benefit from competent, objective feedback. We can help your company’s management team develop long-term objectives and specific strategies to help facilitate your business’s growth and success.
Offer in Compromise with Federal, State, and Local Government
We have helped many clients reduce tax liens or levies by using ‘offer in compromise’ with Federal, State, and Local governments and implementing effective strategies in relieving clients’ tax burdens.
Our qualified employees can help you implement the controls necessary to ensure a reliable, efficient, and effective payroll system and prepare all necessary payroll tax returns in a timely manner.
Pension & Profit Sharing Plans
Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs…) can provide significant tax advantages for closely held businesses and self-employed individuals. Let our professionals assist you in evaluating the type of pension plan that is best for you and your employees.
Successful implementation and periodic review of your financial plan will ensure financial independence during both your working and retirement years.
Sales Tax Services
We can assist your company in compiling information and preparing sales tax returns in an efficient and timely manner.
Tax Planning and Preparation
Our experienced staff can help individuals or business clients develop tax strategies that take advantage of new tax laws and legislation.
By keeping current on new tax laws and legislation, we can help you identify key tax planning opportunities that minimize both your current and future tax liabilities.
Tax services offered (but not limited to):
-Tax planning & return preparation
-Estate, trusts, & gift
-Taxing authority representation
-Divorce and support issues
-Tax effects of buying/selling a business