Client Services

Our firm offers a wide range of proactive, quality services to our business and individual clients. The following are many of the services that we offer, along with a brief description thereof. (Because this list is not all-inclusive, please feel free to inquire about a service if you do not see it.)

Tax Services

Tax Services

We prefer to take a proactive, rather than a reactive, approach to providing tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize our clients' current and future tax liabilities. We provide our business and individual clients with the taxation expertise that they deserve and need throughout the year - year after year. Tax services offered include (but are not limited to):

  • Tax planning and tax return preparation:
      - Individuals
      - Corporations
      - Partnerships
      - LLCs/LLPs
      - Estates, trusts and gifts
      - Sales tax
      - Not-for-profit organizations

    • Taxing authority representation

    • Divorce and support issues

    • Tax effects of buying/selling a business

    • Estate planning

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    Tax Planning & Preparation

    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.

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    IRS Representation

    During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies.

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    International Taxation

    Our experience with the taxation of U.S residents working abroad and foreign citizens working in the U.S. has provided us with an extensive base of knowledge in the area of international taxation.

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    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.

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    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.

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    Accounting Services

    Forensic Accounting

    We use accounting and auditing skills to provide an analysis of financial records in conjunction with dispute resolutions, as well as fraud and theft investigation. Our damage measurement methods can determine the extent of financial loss.

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    Accounting Services

    Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:

    *General ledger & financial statement preparation

    *Accounting system setup for new businesses

    *Computerized payroll services

    *Business tax return preparation (Sales & Use/Business Property)

    *Personal financial statements

    *Litigation support

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    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.

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    Cash Flow & Budgeting Analysis

    A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses.

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    Other Services

    Expert Witness Services

    Pending or existing litigation can result in the need for a qualified professional to present his/her opinion to support or oppose evidence submitted to the court. Our level of competence allows us the opportunity to function as expert witnesses in such cases.

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    Consulting Services

    Business Succession Planning

    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.

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    Business Valuations

    Whether you are thinking of buying a new business or in the midst of a difficult divorce, the amount attached to the value of your business is important. We can provide useful and objective analysis to assist you in the valuation of any business in which you have an interest.

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    Computer Consulting

    Whether you are contemplating the addition of new computer hardware or overhauling your network, our experienced staff can assist you with many of the difficult decisions that must be made when designing your business' computer systems.

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    Financial Planning

    A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.

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    Retirement Planning

    Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.

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    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.

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    Audits, Reviews, and 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. Accordingly, our reports' format is one that is very management friendly. We provide financial reporting on all three levels of assurance:

    • Audit - an intensive examination with the highest level of assurance.

    • Review - some analytical procedures conducted with limited assurance.

    • Compilation - based upon client information provided, and primarily for internal use.

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    Mergers and 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.

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    Breakeven Sales Analysis, and Budgeting

    Budgeting is a necessity when trying to effectively manage a business. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals. A Breakeven Sales Analysis is among the most important management tools that we can provide for you.

    In addition, our experience has shown us that a business can be profitable, and still run into trouble due to cash flow issues. We can help you forecast and evaluate your company's financial condition, estimate your financing requirements, and find financing for your business.

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    Litigation Support and Expert Witness Services

    Litigation support involves the quantification of economic damages pursuant to existing or pending litigation, using accounting and auditing techniques. We have experienced and competent staff, who can compile information efficiently to assist in the calculation and documentation of any potential economic loss or damages.

    Pending or existing litigation can result in the need for a qualified professional to present his/her opinion to support or oppose evidence submitted to the court. Our level of competence allows us to function as witnesses in such cases.

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    Consulting and Other Services

    We measure our firm's performance by the personal and business success 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. The following are the primary areas in which we provide consulting services:

    • Improving operations

    • Accounting software selection and implementation

    • Selecting the type of legal entity that is best for your business

    • Asset protection

    • Buying and selling a business

    • Employee benefit plans

    • Financial and retirement planning

    • Business succession planning

    Our ability to provide high quality accounting services in each of the above areas, has provided the men and women of Bloom Hochberg & Co. with a great deal of satisfaction, and our clients with considerable peace of mind.


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