WHAT WE DO
HIGHEST LEVEL OF ASSURANCE
An audit provides the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice.
Our work includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatements
All public companies are required to have an annual audit, but some nonpublic entities must undergo an annual audit as well. These include local governments, not-for-profit agencies and other organizations receiving government grants.
Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company’s management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.
A review doesn’t require us to study and evaluate your company’s internal controls or verify data with third parties or physically inspect assets. Rather, a review report expresses limited assurance in the form of the statement: “We are not aware of any material modifications” for the financial statements to be in conformity with the Generally Accepted Accounting Principles (GAAP). Reviewed financial statements must include all required footnotes and other disclosures.
Why might a business request a review engagement? It can be a good middle ground, providing the advantages of a CPA’s technical expertise without the work and expense of an audit.
LOWEST LEVEL OF ASSURANCE
In compiling financial statements for a client, we present information that is the “representation of management” and express no opinion or assurance on the statements. Compilations don’t require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.
Banks often require compilations from an independent CPA as part of their lending covenants.
TAX PLANNING & CONSULTING
At Meriwether, our tax planning and consulting services are like the GPS for your financial journey, but instead of saying “recalculating” when you make a wrong turn, we’ll help you avoid those costly detours altogether! We try to find you tax-saving strategies to keep your money where it belongs – in your pocket. Our financial team is willing to research tax issues, recommend the proper steps to minimize and address tax liabilities, prepare and file your tax returns, and meet with the IRS to represent you as our client.
At Meriwether, we take the stress out of filing. Our financial team will take on the process of preparing, calculating, and filing tax returns on your behalf! We aim to maximize your refunds and help you navigate the world of deductions. If you are a recent business owner, this would be the perfect opportunity for you to ensure you get all your deductions and avoid writing off expenses you can’t claim.
At Meriwether, we are dedicated to simplifying your tax-related needs. We serve both individuals and businesses and help explore a range of solutions. Whether filing personal taxes or managing corporate accounts, our financial team ensures you comply with tax regulations while optimizing your financial health. We guide deductions, credits, and tax planning strategies to minimize your tax liability. If you trust in us – we will provide you with more time and flexibility to focus on what matters most to you – personal and professional growth.
R & D CREDITS
At Meriwether, we specialize in helping businesses unlock valuable tax incentives. R & D stands for Research and Development tax credits, which can lead to substantial cost savings if identified and claimed correctly. Our team will work closely with you to evaluate eligible R & D activities, gather necessary documentation, and navigate the complex tax regulations. By leveraging our services, you can maximize your financial resources, reinvest in innovation, and gain a competitive advantage in your industry.
ESTATE & TRUST PLANNING
At Meriwether, we can assist you in managing and distributing assets and wealth to ensure financial security and a smooth transition for individuals and your family. This assistance includes creating comprehensive plans for your estates, wills, trusts, and tax strategies to ensure your assets are distributed according to your wishes. Our financial team can provide expert guidance on optimizing wealth transfer, safeguarding assets, and addressing legal complexities. We aim to become familiar with your goals and concerns, your assets and how they are owned, and your family structure.
SMALL BUSINESS CONSULTING
SMALL BUSINESS ACCOUNTING
At Meriwether, we provide financial services to small businesses. We specialize in bookkeeping, tax preparation, and financial analysis tailored to the unique needs of small enterprises. Our financial team will ensure that your financial records are accurate, up-to-date, and compliant with tax regulations. We offer personalized guidance to help you make informed decisions, minimize tax liabilities, and optimize your business’s financial health. With Small Business Accounting, you can focus on growing your business while we handle the financial details, giving you peace of mind and more time to achieve your business goals.
At Meriwether, we offer various essential services related to managing employee compensation. We specialize in calculating and distributing employee salaries and wages accurately and on time, handling tax withholdings and deductions, and ensuring compliance with labor and tax laws. Our teams’ expertise in payroll processing will help your business’s payroll operations, reduce errors, and ensure employees are paid promptly and correctly, allowing business owners to focus on their core activities.
NEW BUSINESS FORMATION
Looking to start your dream business hassle-free? At Meriwether, we specialize in making your business dreams a reality. Our services are
designed to simplify the business creation journey, providing expert guidance on entity selection, tax planning, and financial structuring. We will assist you in making informed decisions to optimize your business’s financial foundation from day one, ensuring compliance and maximizing your long-term success.
STRATEGIC BUSINESS PLANNING
At Meriwether, we offer vital services to help businesses achieve their longterm goals. We will work closely with you to develop comprehensive financial management, budgeting, and growth planning strategies. We provide valuable insights and actionable recommendations by analyzing financial data, market trends, and business operations. This will enable your business to make informed decisions, optimize resources, and chart a clear path toward success.
At Meriwether, we recognize how important succession planning is to help your business smoothly transition leadership and ownership from generation to generation. We will work closely with you to create a comprehensive strategy that ensures your company’s continued success and stability. Our financial team will assess your financial position, evaluate potential successors, and develop a customized plan to transfer assets and responsibilities seamlessly. By addressing potential challenges and facilitating a clear roadmap for the future, we aim to safeguard your company’s financial health and legacy
At Meriwether, we specialize in assessing the worth of businesses. Our financial team will conduct thorough analyses of financial statements, market conditions, and industry trends to determine the precise value of your company. Whether you want to sell, acquire, secure financing, or make strategic decisions, our comprehensive valuations will help you clearly understand your business’s financial position. Without precise and unbiased assessments, we help you make informed choices that drive your business toward success.
PERSONAL FINANCIAL STATEMENTS
At Meriwether, we help individuals and families gain a clear understanding of their financial health. Our services include gathering and organizing your financial information, such as income, expenses, assets, and liabilities, into comprehensive statements. With a keen eye for detail, we create personalized reports that accurately capture your financial standing. Whether you’re planning for a major life event, like buying a home, retirement or simply seeking better financial management, our team can craft personal financial statements to guide you towards informed decisions and maximum success
FINANCIAL FORECAST & PROJECTIONS
At Meriwether, we care about your business’s financial future. We will offer valuable services that predict future financial performance and estimate income, expense, and cash flow. We can provide insights and projections that assist decision-making by analyzing past financial data and market trends. Whether preparing for growth, securing financing, or managing expenses, our financial forecast & projections will equip you with a financial roadmap to succeed.
At Meriwether, we provide a vital service of due diligence through examining and analyzing your business’s financial and operational aspects. This service will help potential investors, buyers, or lenders make informed decisions by assessing the risks and opportunities associated with your business. Meriwether conducts due diligence to verify the accuracy of your financial statements, assess your company’s financial health, scrutinize contracts and agreements, and identify potential red flags. Ultimately, we can help you make sound financial choices by comprehensively understanding the business you are interested in.
At Meriwether, we want to protect you. Our job is to safeguard your business against financial fraud and misconduct. Our financial team offers various services to detect, prevent, and mitigate fraudulent activities. We conduct thorough forensic audits, investigate suspicious transactions, and implement robust internal controls to protect your organization’s assets and reputation. With a strong commitment to integrity and precision, our services will ensure your financial security and full transparency.
At Meriwether, we conduct specific financial examinations tailored to each client’s needs. Instead of providing a general assessment, our procedures focus on specific financial areas or transactions. First, we will agree on the
procedures to be performed with our client, and then we will conduct those procedures meticulously. This service is valuable when you require a detailed examination of certain financial aspects, often for regulatory compliance, internal control assessments, or special projects. Agreed-upon procedures reports provide precise findings without the comprehensive assurance of an audit, making it a flexible tool for targeted financial scrutiny.