Individual & Small BusinessHeveron & Company CPAs provides a wide range of services to individuals and businesses in a variety of industries.
Tax Planning & Preparation
Audits, Reviews, and Compilation
Financial Statement Audits
Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions.
Compliance audits are required when you spend more than $750,000 in federal awards during your calendar or fiscal year, and also when certain funders or regulators require Governmental Auditing Standards. We are members of the AICPA’s Governmental Audit Quality Assurance Center and regularly perform compliance audits.
Consolidated Fiscal Report Audits
We have prepared audits of Consolidated Fiscal Reports (CFRs) for many years and have a team dedicated to these unique audit engagements.
These special audits are generally required by funders or regulators. Procedures are based on requirements that are imposed on funding your organization receives. We provide a wide variety of agreed-upon procedures engagements.
Reviews provide limited assurance to outside interests and involve obtaining information about your organization and its environment, as well as information about how your financial reports are prepared.
Compilations are usually requested for internal purposes and are based upon information provided by a company’s management. They do not offer assurance but may involve some adjustment to accounting records.
- General ledger & financial statement preparation
- Bookkeeping (Monthly/Quarterly/Annual)
- Accounting system setup for new businesses
- Business tax return preparation
Retirement Plan Audits
We know that the laws and compliance issues surrounding the management and administration of employee benefit plans are complex and constantly changing. We also know that benefit plans are essential to attracting and retaining key employees. We have developed resources to assure high quality, compliant benefit plan audits.
Our audit is intended to help you safeguard your assets, produce accurate financial statements, and comply with Department of Labor and US generally accepted accounting principles, including all necessary disclosures and assure that you are complying with requirements of ERISA.