Accounting & Financial Services
Our firm offers a wide array of accounting services to our individual and business clients. Our clients benefit by getting affordable, personalized, quality accounting services from a friendly professional. Below we have listed those accounting services that we offer to our clients along with a brief description.
Our goal is to help businesses and individuals understand and complete the necessary tax documents and processes in an efficient, effective and timely manner. With our tax expertise and years of tax preparation experience, the accountants at TH&W CPA's are able to provide the Middle Tennessee area with unparalleled accounting and tax services.
As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not an accounting service we provide, we would be more than happy to refer you to a qualified professional.
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. 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.
Reviews & Compilations
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on two levels of assurance:
*Review - some analytical procedures conducted with limited assurance
*Compilation - based upon client information provided and used primarily for internal use.
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.
We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be useful to management in making financial decisions.
Financial Forecasts & Projections
Forecasting is a necessity 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.
Employee Benefit Plan Audits
The accounting and tax issues involved with employer-provided benefit plans can be overwhelming. We have experieince auditing numerous types employee benefit plans including 401(k), 403(b), define benefit pension plans, and health and welfare plans.
We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include but are not limited to:
- Tax planning & return preparation - Individuals - Corporations - Partnerships - LLCs/LLPs - Estates, trusts & gift - Not-for-profit organizations
- Taxing authority representation
- Divorce and support issues
- Tax effects of buying/selling a business
Payroll and Payroll Tax Services
The goal of all businesses is to grow, increase sales, and thrive in their respective industry. As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner. We can prepare your payroll checks and all reporting documents.
Sales Tax Services
Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner. In addition, we will work one-on-one with you and the necessary business employees to explain the necessary procedures with regards to sales tax returns and services.
Tax Planning & Preparation
Preparing and planning your personal and business taxes can be a stressful endeavor. The tax experts at Totherow, Haile, & Welch, PLLC, can work with you to ensure that your tax documents are completed on time and accurately. Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation.
Contact Us by calling our Murfreesboro Office at 615-848-1072 Or call our Mcminnville Office at 931-668-1272
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. We can guide you through the complex process of getting your financial affairs in order. When you need top quality and accurate estate and trust tax preparation services, contact Totherow, Haile, & Welch, PLLC.
Whether you or your business is in need of tax assistance, planning or procedure services, we can help. As a professional accounting and consulting firm based in Middle Tennessee, we have provided superior tax services to individuals and businesses for over 50 years. Contact us for help with your tax needs. One of our many professionals are eager to assist you.
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and 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.
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.
Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.
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.
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 staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.
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.
Fraud Prevention & Detection
We use accounting and auditing skills to provide an analysis of financial records in conjunction with fraud and theft investigation. Our damage measurement methods can determine the extent of financial loss and illegal accounting practices.
Mergers & Acquisitions
Finding the right business partner for your company can be a difficult task. We 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.
Certified QuickBooks Pro Advisor ®
We are a Certified QuickBooks Pro Advisor ®. We can assist you in QuickBooks ® Setup, Training, and Reporting.
Estate & Trust Planning and 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. We can guide you through the complex process of getting your financial affairs in order.
QuickBooks Consultation, Implementation, and Advisory
Choosing accounting software for your type of business is a big decision. Many of our staff is very well trained in QuickBooks consultation, implementation, and advisory services.