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
and your growing business has become
increasingly difficult. As
accounting professionals, we are
exposed to a variety of programs
through actual use. Our experienced
information system specialists can
help you choose, implement and
support the system that best fits
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Agribusiness Focusness Focus |
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Agribusiness Focus |
| Agribusiness owners and managers face a
variety of challenges and opportunities
unique to their industries. Top of the list:
constantly changing revenues and expenses,
influenced by weather and growing
conditions, as well as fluctuating prices
for inputs and products.
William Vaughan Company’s team of CPAs
and business advisors can provide the
financial planning and tax consulting
services needed to help make your farm and
agribusiness flourish.
Ask our financial professionals about:
- Preparation of audited, reviewed and
compiled financial statements
- Entity selections for operating and
real estate holding businesses
- Estate planning and succession planning
- Market valuation and budgeting •
Specialized tax options related to:
- Farm income averaging
- Self-employment tax on farm rental
income
- Commodity payments as part of wages
- Section 1031 like-kind exchanges on
land and equipment
- Installment sales reporting
- Depreciation and expensing options
- Cash method expensing elections
- Conservation easements and donations
- Retirement planning options
- Section 199 qualified production
activities deduction
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| Audits, Reviews and
Compilations |
| William Vaughan Company provides
traditional financial reporting with
audited, reviewed, or compiled financial
statements. 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. A review consists of some
analytical procedures conducted with limited
assurance. A compilation is based upon
client information provided and used
primarily for internal use. We always look
beyond the numbers and try to help our
clients gain a clear understanding of the
financial reports and how the numbers help
them achieve their financial goals.
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| Business Consulting |
| We gauge our worth by the personal and
business successes of our clients. We are
able to guide our consulting clients to
greater prosperity by becoming part of the
management team and assisting them in the
decision making process. Our team identifies
the core issues in a company and we can
develop the appropriate strategies and
systems needed for effective implementation.
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| Business Entity
Selection |
| Choosing the form of entity of your
business (e.g. "S" corporation, sole
proprietor, limited liability company) 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.
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| 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.
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| Business Valuations |
| Knowing the current, accurate value of
your business – no matter the perceived need
for it – will help your business survive and
prosper.
Whether you are thinking of buying a new
business, selling an existing one, or are in
the midst of a difficult divorce, the amount
attached to the value of your business is
important. William Vaughan Company’s
Certified Valuation Analysts can provide a
concrete value to be used for your business
no matter the circumstances:
- Estate and gift tax planning
- Divorce proceedings
- Purchase or sale of your business
- Shareholder disputes
- Succession planning
- Tax planning
- Built-in gains
William Vaughan Company’s staff of CPAs
and business advisors will show you how
understanding the value of your business
will pay tangible dividends by focusing on
ways to increase your firm’s short- and
long-term profitability.
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| 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
team members have experience to guide you
through the acquisition/disposition process
by addressing such issues as cash flow
analysis and tax considerations.
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| Cash Flow & Budgeting
Analysis |
| A business can be profitable and still
run into trouble due to cash flow issues.
Cash flow and net income are not the same
thing. We can forecast and evaluate your
company's financial condition, estimate
financing requirements, and track cash-flow
sources and uses.
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| Client Accounting
Services (Bookkeeping) |
| William Vaughan Company is efficiently
structured to provide clients with routine
bookkeeping and accounting services, and
assist in the development of new accounting
systems. By working closely with business
owners and client administrative staff, our
knowledgeable accountants become an
extension of your financial team. We will
readily supply monthly, quarterly, or annual
financial reports, and assist with general
tax and financial matters. Whether you
require periodic or ongoing accounting
outsourcing, William Vaughan Company’s
professional staff will improve your total
financial well-being.
Ask our financial professionals and
business advisors about:
- designing and implementing financial
systems
- preparing budgets and forecasts
- analyzing cash flow
- preparing for an external audit
- evaluating, designing, and implementing
internal controls
- conducting internal audits
- bill-paying services
- designing and managing computer systems
- financial planning for personal wealth
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| Computer Consulting |
| Whether you are contemplating the
addition of new computer hardware or
overhauling your network, our information
system specilists can assist you with many
of the difficult decisions that must be made
when designing your business' computer
systems.
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| Construction and
Real Estate Focus |
| In the construction and real estate
industries, change is a constant. How will a
tough economy influence profit margins,
rising insurance costs and the longevity of
your business?
William Vaughan Company CPAs are
specialists. Our industry-specific knowledge
and experience takes you beyond basic tax
planning and compliance to develop financial
and business strategies that will help you
get where you want to be in life.
Ask our financial professionals and
business advisors about:
- Like-kind exchanges of property
- Assistance in arranging financing
- Entity selection, including entering
and exiting various types of entities
- Business valuations for entity sale or
admission of a new owner
- Choice and operation of proper
accounting methods for construction and real
estate activities, including proper
transaction recording.
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| Debt & Financing
Services |
| Debt management and the evaluation of
financing options are issues that an
experienced professional deals with every
day. Let us use our experience to assist you
in securing financing for your personal or
business needs or consolidating your current
debt to a more manageable level.
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| Employee Benefit
Plans |
| Let us help you ensure regulatory
compliance and learn about operational
efficiencies through intuitive plan audits
and consulting services
As the annual accounting and reporting
requirements for employee benefit plans
increase in complexity and plans face
greater scrutiny by the U.S. Department of
Labor and the IRS, knowledgeable companies
turn to experienced professionals who excel
at employee benefit plan audits.
Well-recognized for quality and
expertise, William Vaughan Company provides
the resources, training and continuing
education that are essential to guarantee
that every professional in our highly
specialized Employee Benefit Plan Audit
Practice delivers a thorough and valuable
audit. Knowledgeable in ERISA, Department of
Labor, and IRS regulations, our team audits
numerous qualified benefit plans, defined
benefit, defined contribution and welfare
benefit plans.
As a member of the American Institute of
Certified Public Accountants’ Employee
Benefit Plan Audit Quality Center, William
Vaughan Company will leverage best practices
and quality standards on your behalf.
Our skilled audit and ERISA specialists
deliver:
- Cost-effective, full- and limited-scope
financial statement audits and 5500
preparation.
- Practical recommendations for
operational and administrative improvements
to plans.
- Consulting related to plan design
advantages, optimization and overall
compliance with operational rules.
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| 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.
William Vaughan Company can guide you
through the complex process of getting your
financial affairs in order.
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| Estate Planning |
| Effective estate planning facilitates
the orderly transfer of assets to
beneficiaries, provides security for the
surviving spouse, and can reduce or
eliminate the tax due on the transfer of a
business and other assets. For business
owners, providing for business continuity
and succession of ownership is essential.
William Vaughan Company can guide you
through the complex process of getting your
financial affairs in order.
Estate planning should be addressed well
before death to assure the best results.
Ever-changing laws and regulations make
estate planning a dynamic field, involving a
variety of planning priorities and
opportunities. William Vaughan Company CPAs
work in conjunction with your attorney to
develop a comprehensive estate plan.
Together, our mission is to provide for a
smooth transition of all assets, adequate
resources for the surviving spouse – as well
as minimum estate taxes and probate costs.
Regardless of the size of the estate, we
can help you put together a plan that will
allow your assets to end up where you want
them and in the most efficient and least
costly manner.
Ask our financial professionals and
business advisors about:
- Tax planning and preparation for
individuals, trusts and estates
- Business valuation services
- Succession planning services
- Estate planning services
- Education planning
- LifeRecords organizer • Long-term care
planning
- Family Limited Partnerships
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| Financial Forecasts &
Projections |
| Financial forecasts and projections are
essential to managing your business
effectively and measuring profitability.
Preparing these financial projections can be
an overwhelming task when you have limited
experience. William Vaughan Company has the
expertise to assist you with various
analysis tools to provide the foundation for
a detailed and meaningful financial
forecast.
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| Fraud Prevention &
Detection |
| William Vaughan Company has extensive
experience in the fraud arena. We can help
identify the vulnerable areas within your
company where fraud schemes can occur. If
fraud has already occurred, we can identify
the extent, provide documentation for the
insurance carrier or law enforcement agency,
and give expert witness testimony as needed.
In addition, our anonymous reporting
website (www.EndFraudNow.com) and toll-free
fraud hotline number 888-725-1401 is
available to clients to report suspicious
activity in their company or organization.
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| Healthcare Focus |
| Just as your patients trust you with
their personal health, you can count on
William Vaughan Company’s dedicated team of
CPAs and business advisors to nurture your
financial well-being.
Our healthcare business specialists are
experts in the areas of audit, tax strategy
and accounting and represent the largest
number of multi-physician practices in
northwest Ohio.
Physicians, dentists and myriad
healthcare professionals rely on William
Vaughan Company to help them develop
financial and business strategies, tax
savings options, and retirement and estate
plans so they can reach their personal and
professional goals.
Simply put, William Vaughan Company’s
services are designed to simplify the
process of getting where you want to be in
life.
Ask our financial professionals about:
- Accounting and bookkeeping/payroll
services
- Practice management consulting
- Cash flow, cost and budgeting analysis
- Business valuation services
- Merger and acquisition consulting
- Tax planning and preparation
- Benchmarking and industry statistics
- Physician Compensation Agreements
- Buy/Sell Agreements
- Estate planning services
- Retirement planning services
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| 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.
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| Insurance and
Finance Industry Focus |
| Daily, insurance and finance
professionals and business owners manage the
challenges associated with changing economic
conditions, increased competition, new and
evolving regulations, technology
enhancements and complicated tax
regulations. Because we understand these
unique challenges and opportunities, William
Vaughan Company’s team of experienced CPAs
and accounting professionals can help you
protect your business investment and achieve
your business and personal financial goals.
Ask our financial professionals and
business advisors about:
- Business strategy planning and
implementation
- Product diversification analysis
- Generation of new business and
retention of current clients
- Break even analysis by product and
product line
- Cash flow and budgeting evaluation and
solutions
- Business valuations
- Succession planning
- Retirement and estate planning
- Financial reporting
- Tax planning, consulting and
preparation
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| International
Affiliations |
| We are affiliated with Enterprise
Worldwide - a network of accounting firms
throughout the world. For more information,
check out Links - Professional Contacts.
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| Management Advisory
Services |
| Even the most qualified managers can
benefit from competent, objective feedback.
We can help your company's management team
develop long-term objectives and specific
strategies to facilitate your business'
future growth and success.
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| Manufacturing and
Distribution Industry Focus |
| As a manufacturing or distribution firm,
you’re faced with an increasingly
competitive, global marketplace. Vertical
integration, supply chain management, labor
shrinkage, technology advancements,
governmental regulations and environmental
concerns—and countless other issues and
constraints—keep your hands busy as you
manage the production and distribution
process from start to finish.
William Vaughan Company’s team of CPAs
and accounting professionals can help you
process your operational results to stay
competitive in an ever-changing environment,
identifying value-added opportunities and
operational constraints. Ask our financial
professionals and business advisors about:
- Cost accounting: costing methods,
overhead allocations, inventory analysis and
management
- Tax inventory elections
- Globalization: foreign taxation, cost
control, and price competition
- Cost segregations studies to identify
building and improvement costs for which
depreciation can be accelerated
- Health and safety regulations
- Immigration reform
- Small business health, benefit, and
retirement plans
- Research and development expenditures
and tax credits
- Enterprise Zone Agreements and other
federal, state, and local tax incentives
- Manufacturing grants and credits
- State and local taxation nexus issues
- Mergers and acquisitions
- Business valuation services
- Succession planning
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| Mergers &
Acquisitions |
| William Vaughan Company 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.
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| Nonprofit Focus |
| With decades of experience under our
belt, William Vaughan Company leads other
firms in providing accounting, tax and
consulting services to nonprofit
organizations that receive private, public
and governmental funding.
William Vaughan Company’s team of CPAs
and business advisors is well-versed in the
unique operational controls, policies and
procedures, financial reporting, business
and tax issues nonprofit organizations
encounter. Confidence in the accountability
of operations and reporting of financial
conditions is critical. Likewise, increasing
competition for funding, evolving
technology, and changing regulations also
present challenges to nonprofit staff
executives, committees and board members.
Ask our financial professionals how we
can help you with:
- Development and analysis of internal
control policies and procedures
- Preparation of audited, reviewed and
compiled financial statements
- Specialized financial statement audits
that meet the requirements of Government
Auditing Standards and U.S. Office of
Management and Budget Circular A-133
- Unrelated Business Income Tax (UBIT)
- Special event income and expense,
fundraising, sponsorships, treatment of
contributed goods and services
- Financial strategies that facilitate
short- and long-term business goals and
provide for longevity of the organization •
Board and committee development
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| Payroll Services |
| William Vaughan Company can assist you
through each phase of the payroll tax
process. We can register you with the
appropriate tax authorities and assist you
in developing a payroll system that is
efficient for your business. Or, if you
prefer, we can process all of your payroll
and prepare your applicable payroll returns
on your behalf.
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| 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.
Our qualified team members can assist you in
evaluating the type of pension plan that
will best serve the retirement needs of you
and your employees.
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| Professional Service
Business Focus |
| Helping you protect your business
investment – and achieve financial goals
Professional services firms are complex
and competitive by nature. An intimate
understanding of these diverse business
models make William Vaughan Company’s team
of CPAs and business advisors experienced in
the industries of law, engineering,
architecture, accounting, actuarial science,
consulting and a variety of other
specialized, professional service
businesses.
We help you develop financial and
business strategies, tax savings options,
and retirement and estate plans that will
help you reach your personal and
professional goals.
Ask our financial professionals and
business advisors about:
- Bookkeeping and financial reporting
- Entity form consulting
- Accounting methods and reporting
periods
- Passive activity issues
- Qualified and non-qualified benefit
plans
- Insurance/benefits consulting; health,
disability, life, liability
- Compensation consulting
- Cash flow and budgeting analysis
- Business valuation services
- Succession, estate and retirement
planning
- Tax planning and preparation
- Wealth management
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| Restaurant and
Hospitality Industry Focus |
| Restaurant owners’ plates are always
full, providing exceptional service and
quality standards plus a top-notch dining
experience for their customers. Often,
back-of-the-house issues like employment
challenges, financial and business
management, and new industry legislation
distract you from what you do best.
William Vaughan Company offers
specialized restaurant and hospitality
industry experience. We understand the
challenges currently facing the restaurant
industry, including the increased minimum
wage, rising food costs and economic
pressures. William Vaughan Company's
professionals can help your business to
thrive despite these challenges.
Ask our financial professionals and
business advisors about:
- Minimum wage requirements
- Reporting tip income
- Business meal deductibility
- The Work Opportunity Tax Credit (WOTC)
- The Welfare-to-Work Tax Credit (WTWC)
- Small business health plans
- Estate tax repeal
- Restaurant depreciation
- Cost segregations studies to identify
building and improvement costs for which
depreciation can be accelerated • Increased
use of information technology, including
internet transactions
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| Retirement Planning |
| Planning for your future retirement is
an essential part of your overall financial
plan. We can assist you in determining the
tax implications of decided investments and
provide support to others including
financial planners and attorneys.
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| Sales Tax Services |
| Most businesses are responsible for
sales or use tax at some point. The sales
tax rules vary greatly among manufacturing
entities, construction contractors,
retailers, and countless others. Our team
members have expertise in many of these
detailed areas and have also specialized in
performing internal sales tax audits to
determine compliance levels. We can assist
your company in the preparation of sales and
use tax returns and representation in the
event of an audit.
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| Tax Planning |
| Tax planning is an integral element of
the overall 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.
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| Tax Preparation |
| Our significant investment in
computerized tax preparation and online
research capabilities enables us to
accurately and efficiently prepare returns
for various types of entities including
individuals, corporations, partnerships,
trusts, estates, and not-for-profit
organizations.
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| Trucking Industry
Focus |
| Independent owner/operators and
full-service trucking operations work daily
to increase efficiency, streamline
operations, improve customer service and
lower costs. With these demands top-of-mind,
you may feel like your personal and
professional financial goals are stuck in
neutral. William Vaughan Company’s team of
CPA trucking industry specialists will help
you move your business into overdrive.
Ask our financial professionals and
business advisors about:
- Governmental compliance matters
- Tax planning
- Tax return preparation and consulting
- Lease vs. buy analysis
- Financing issues
- Workers’ compensation rate reduction •
Business entity structuring
William Vaughan Company also hosts free,
educational trucking industry seminars where
guest speakers – including government
representatives and other small business
advocates – provide valuable information
that can help propel your business forward.
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Litigation
support |
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Consulting Expert Services
We can assist you throughout the resolution
of your case as consulting expert. Our
strategic integrations of accounting
technical knowledge and legal issues allows
our professionals to provide highly
qualified, industry specific advise on the
issues of your case.
We can help you plan questions, assist in
preparing witnesses for direct and
cross-examination, compile technical
information to use in cross-examining
opposing witnesses, and develop rebuttal
testimony.
Testifying Expert Witness Services
Appropriate members of the WVCO team can
testify in court as expert witnesses. We
have an experienced team of professionals,
qualified as financial expert witnesses in
federal and state courts. To clarify their
presentations, our experts and their staffs
are skilled at supplementing their
presentations with clear and easy to
comprehend charts, graphs, chronological
summaries, factual or historic timelines and
other visual aids.
Internal Corporate Investigations
WVCO professionals are experienced in
assisting corporate Officers, Directors,
Audit Committees, Board of Directors Special
Committees, in-house and outside counsel
with internal corporate investigations of
financial and accounting issues. Our
dedicated forensic specialists assist our
clients by quickly and thoroughly
assimilating critical financial information
needed for determining whether misconduct
has occurred. If necessary, we also are able
to prepare and present our findings to a
trier of fact or regulatory body.
Our forensic accounting team is comprised of
CPA's, Certified Fraud Examiners, Internal
Auditors & MBAs.
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