We establish deep relationships to help businesses grow and meet their goals.
Amatics works with you as a team player throughout the year. We’re not a last-minute advisor, but rather, we empower you as a consistent source of consultation and support. We work with clients of diverse sizes, to support you in making confident business decisions.
We make tax preparation easy and efficient.
Tax Preparation & Planning
We’ll proactively work with you throughout the year to make the tax process as streamlined as possible.
Tax preparation entails obtaining your income and expenses and other relevant data in order to present the IRS and other taxing jurisdictions with accurate tax reporting. Amatics accounting professionals hold extensive experience in tax planning and preparation for individuals and businesses, including limited liability companies (LLCs), partnerships and S-corporations, corporations, fiduciary tax returns, and gift and estate tax returns.
Our accountants work with a vast array of industries, including, but not limited to:
• Car dealerships
• Convenience stores
• Fuel distributors
• Professional services
• Real estate developers
• Restaurants and bars
Payroll services include processing payroll for employees and filing necessary payroll reports with the federal government and states. Timely payroll services are key to running a business efficiently and meeting employee expectations.
Payroll requires complex compliance with regulations that are constantly changing. Our accountants are fully educated on the latest updates. Amatics can send an associate to your office to help you implement the payroll process. Or, you may choose to entirely outsource payroll services to our Amatics team, which can take a tremendous burden off business owners. Amatics can help you decide what will be best for you and your business.
Bookkeeping is the essential practice of accurately tracking money in and out of a business. Amatics will work with your bookkeeper to ensure this fundamental system is clean, efficient, and legible to external parties. We will gladly send one of our professionals to your office to meet with your bookkeeper to set up your books or help clean up QuickBooks. Or, you may entirely outsource this role to Amatics.
Using an Amatics associate saves time and the costs associated with hiring an employee to do the work. Our staff is proficient in bookkeeping for all types of businesses and on many different accounting programs.
Amatics is equipped to act as an outsourced controller for your business. A controller works with a business to analyze financial procedures in order to develop and implement sound policies. A controller can provide a high level review and oversight to help generate a full financial picture.
While a bookkeeper tracks money in and out, a controller’s work is more complex. A controller ensures that the timing of revenue and expenses are appropriately matched, looking at what money is owed to the business and what money the business owes, as well as overseeing a formal closing of the books each month. This provides a clearer picture of where the business truly stands.
With assurance, the credibility of a business, non-profit or government agency is substantiated. Assurance services are often requested by an external party – such as a bank, invested parties, or the public.
There are three levels of assurance services:
An audit is commonly performed for non-profit or government agencies that need to provide financial statements to the public. Private companies may request an audit to meet loan compliance, member or owner requirements, or management analysis.
Our certified public accountants validate the amounts and disclosures in financial statements by obtaining audit evidence, performing analytical procedures, making observations and confirmations, etc. We also obtain an understanding of your entity’s internal controls and assess your fraud risks.
The auditor certifies that the financial statements meet the requirements of US GAAP and will issue a final opinion. To learn more about audit opinions, click here.
A CPA examines the reasonableness of relationships between balances and activity, ultimately to issue a report of limited assurance on your financial statements.
To obtain a general understanding of the organization, the CPA will perform inquiry and analytical procedures. Does the activity fit within the industry norms? Does it follow expected trends? The CPA then expresses “limited assurance” in a report. Limited assurance signifies that the financial statements are free of material misstatements and fairly presented in accordance with US GAAP.
Reviewed financial statements can also be prepared on another basis of accounting, such as tax or cash basis.
Using your financial information, the accountant organizes and prepares financial statements in an acceptable format.
Compiled financial statements are prepared in one of two ways, depending on the needs of the entity requesting the statements: in accordance with Generally Accepted Accounting Principles (GAAP), which are the standards issued by the American Institute of Certified Public Accountants (AICPA), or another accounting framework, such as cash or income tax basis.
For additional information on the differences between Audit, Review and Compilation, visit the American Institute of CPAs:
A business valuation is similar in nature to a home appraisal. You may be interested in a valuation if you are buying or selling a business, seeking values for divorce litigation, or for gift or estate planning purposes. This service is provided by a Certified Valuation Analyst (CVA) who estimates the value of an owner’s interest in a business and/or the value of a business.
One day, you might want to sell or pass on your business. We can help you plan for this significant decision.
Whether for divorce or other reasons, we can prepare statements to be used in a court of law.
Amatics associates offer advice on 401k and other retirement plans for employees