SERVICES

ACCOUNTING

At any point in the business cycle, you need reliable, accurate, and timely financial reporting for a better business environment in which to manage your company. KORUS CPAs, LLP can help you manage your daily operations more efficiently and effectively.

The accounting services we provide include, but are not limited to the following:

– Preparation of financial statements for individuals, C-corporations, S-corporations, LLCs, partnerships, trusts, and non-profit organizations;

– Bookkeeping Services – keeping transactions updated monthly, quarterly and yearly;

– Preparation and filing of returns for payroll, sales and use, and business property taxes;

– Forensic accounting services to prevent/detect fraud; and

– QuickBooks ProAdvisor Services – QuickBooks setup/maintenance.

ASSURANCE

KORUS CPAs, LLP knows the importance of timely audits, reviews, and compilations to businesses, shareholders, investors, and other stakeholders, and the time and effort required by all parties to prepare such information properly. Our role is to conduct the assurance process efficiently and increase client profitability by keeping clients informed of current and relevant accounting and regulatory issues with a focus on client needs.

The assurance services we provide include, but are not limited to the following:

– Audits, reviews, and compilations of financial statements prepared in accordance with US GAAP and IFRS;

– Audits of employee benefit plans;

– Risk Assurance Services;

– Building internal control (quality control) review; and

– Reinforcing internal audit functions.

TAX

Every financial decision you make personally or for your business may impact your taxes. We understand that the complexity of your tax planning will grow as your business grows. Our goal is to take advantage of tax planning opportunities by providing guidance with respect to your decision making and planning to minimize your tax liabilities within the letter of the law.

The tax services we provide include, but are not limited to the following:

– Year-round tax planning for individuals, businesses and owners;

– Income tax return preparation for individuals, S-corporations, C-corporations, LLCs, partnerships, non-profit organizations and trusts and estates;

– Multi-state tax compliance – State and local tax (SALT) nexus study and return preparation and filing;

– Preparation and filing of returns for payroll, sales and use, and business property taxes;

– Gift, trust and estate tax return preparation;

– Preparation for tax audits by the IRS, FTB, EDD, BOE, and county and city offices;

– Offers in compromise (OICs) and settlement agreements;

– Preparing private letter ruling request submissions to the IRS;

– Preparing federal and applicable state tax-exemption applications and state registrations for charitable organizations; and

– Tax consulting, assistance and due diligence with respect to tax-exemption related matters, transactions, S-corporation issues, international tax matters, executive compensation and employment tax issues, and other tax matters.

BUSINESS CONSULTING

Managing a company, minimizing risks, and complying with regulations is complex and challenging in today’s fast changing business environment. KORUS CPAs, LLP can provide management consulting to improve your performance and efficiency by analyzing your business and developing solutions.

The consulting services we provide include, but are not limited to the following:

– New business setup – corporations, LLCs, partnerships, and S-corporation elections;

– Business entity selection;

– Accounting software and computer system setup/maintenance;

– Retirement/estate and trust planning;

– Business projection reports for new immigrants (E-2 Visa);

– CFO and controller outsourcing services;

– Transaction advisory services;

– Mergers & acquisitions;

– Buy-side and sell-side financial due diligence valuation; and

– Litigation Support – comprehensive advice for issues that require both accounting and legal knowledge.