Our extensive experience in financial statement and compliance auditing ensures that we have the knowledge to recognize the differences that make your entity unique. 

The vast majority of our Partner experience in municipal and non-profit entity auditing includes clients that required a Single Audit also be conducted. We perform our audits in a detailed manner utilizing approaches developed internally that comply with the authoritative literature currently issued by the AICPA, GASB, FASB, GAO, Single Audit Act, OMB, Uniform Guidance and the California State Controller’s Office. Our goal is to be efficient with our time to complete the audit in a timely manner, but also to d0 this with minimal disruption to our clients and within the time frame required.

Our owners and staff are up to date with regulations and requirements impacting governmental and non-profit entities, including:

• GASB Guidelines and Requirement
• GAAP
• Federal Compliance
• Uniform Guidance (Single Audits)

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

In compiling financial statements for a client, we present information that is the “representation of management” and expresses 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

Henderson CPAs works with companies of all sizes. For small to mid-sized businesses, our firm offers a level of personal attention that serves your needs, enhances your financial knowledge and financial health. Our financial accounting services help ensure your business operations run efficiently.

We work with a wide variety of companies, helping to set up accounting systems, procedures and protocols, and providing meaningful insight into all financial aspects of their business. Some of the business services we offer include the following:

Payroll

We can provide payroll preparation services, including calculation of tax deposits and the completion of certified payroll reports in compliance with the Davis-Bacon Act. Our payroll services are cost effective, saving you time, money and energy to focus more on your business, and allowing us to give you the tools to be successful.

QuickBooks

Our participation in the QuickBooks ProAdvisor Program allows us complete access and directly working knowledge of all QuickBooks products. We can assist with the full setup, providing assistance and quick answers to questions, and also provide insights and working knowledge to assist in being more efficient in working through QuickBooks. We also can provide QuickBooks discounts to our clients for purchases of new software.

Bookkeeping

We can prepare and maintain your books, ensure proper recording and reporting are done without exception. We can assist with monthly and year-end closing processes and procedures, including reconciliations of major accounts, and preparation of balance sheet and income statements.

Internal Controls

We assess your internal control systems to determine the efficiency and effectiveness of your operating procedures. Then we make recommendations that help your company become stronger and more profitable by correcting any inefficient or ineffective operating procedures we find.

Management Finances

We can assist your business in reaching your goals via services such as cash flow and budget analysis, profit analysis, performance benchmarking, merger and acquisition support and business succession planning.

Budget Development

Such services include business formation and developing services to get your business running, including operational reviews and financial performance reviews.

Period End Closing & Reconciliation

Our closing and reconciliation service can be a value-added service to assist come tax time and financial statement preparation time. We can review your books and give them a tune-up to ensure proper reporting and compliance with accounting principles.

Financial Information Technology Review

We can use our extensive knowledge and auditing background to review your financial information technologies in place, including reviewing your policies and procedures. We can assist in creating a smarter, more efficient model to properly ensure your financial information is safe, properly backed up, and ready for any disaster recovery.

Tax planning is a crucial financial strategy that involves a series of proactive steps to legally minimize tax liabilities and optimize financial outcomes. Key points include efficient organization of income and deductions, taking advantage of tax credits and incentives, and aligning investment strategies with tax goals. Effective tax planning aims to maximize after-tax income, reduce the overall tax burden, and ensure compliance with tax laws. It's essential for individuals and businesses alike to minimize their tax exposure while ensuring they meet their financial objectives and remain in compliance with applicable tax regulations.

Business entity formation is a critical step in establishing and structuring a company's legal and financial framework. Choosing the right business structure, whether it's a sole proprietorship, partnership, LLC, corporation, or another entity type, can have significant implications on taxation, liability, and governance. At our firm, we offer a comprehensive suite of services to guide entrepreneurs and businesses through the entity formation process. Our expert advisors provide personalized consultations to help clients make informed decisions about the most suitable structure for their unique needs. We assist in all aspects of entity formation, including registration, compliance with legal requirements, and tax implications, ensuring that our clients are positioned for long-term success and growth. From the initial stages of business inception to ongoing compliance, our services are designed to provide peace of mind and foster a solid foundation for success.

With our seasoned team of professionals, we offer comprehensive solutions to help you optimize your financial situation, minimize tax liabilities, and achieve your long-term financial goals. Trust in our expertise to ensure that your financial future is in capable hands. Join us today and experience the difference our tax specialists can make in securing your financial success.

Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government’s General Accounting Office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.

Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced tax professional.

HERE’S WHAT YOU GET…

Your tax return will be prepared and review by our accounting team, and rechecked by our computer software identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.

Your tax return can be filed electronically so you will get a refund back quicker.

Our staff will show you how to adjust your payroll withholding to get more money back each week. Why give the IRS an interest free loan for up to 16 months.  We will also analyze other tax strategies to limit tax liability each year, and to avoid any surprise tax bills come tax season. 

In addition, we will give you knowledge about commonly overlooked deductions to limit the following year’s tax liability.