Auditing

• Financial Statement Audits
• Compliance Audits
  • Audits pursuant to Governmental Auditing Standards (Yellow Book Audits)
  • Audits pursuant to OMB Circular A-133 (Single Audits)

• Employee Benefit Plan Audits
• Industries served include Non-Profits and Governments, Financial Institutions, and Small Businesses

Bookkeeping

Meaningful, timely, and well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business.  Monthly or quarterly, we partner with our clients to enter:

• Accounting transactions
• Post payroll information
• Reconcile accounts
• Record adjusting journal entries
• Prepare financial statements

 Financial Institution Services

Our dedicated “Bank Team” staff is experienced with several areas including the following services.  If you do not see a service listed that you are looking for, we are able to do special projects if requested.

• Bank and Trust Department Directors’ Examinations
• Bank Secrecy Act (BSA) Examinations 
• Automated Clearing House (ACH) Examinations
• Internal Control Reviews and  Audits
• Bank Income Tax Preparation  
• Information Technology (IT) Examinations
• Strategic Planning
• Financial Statement Audits
• Regulatory Filings  
• Assistance with Mergers and Acquisitions
• Valuations 

Consulting Services

Our company offers a wide range of consulting services to help you improve business operations, boost efficiency, and increase the bottom line.

Business Valuations

Business valuations are commonly needed to calculate estate tax upon death, split up family assets in a divorce, and to determine the value in a purchase, sale or merger of a business venture. There are many other reasons why a holder of an interest in a privately held company might want a business valuation. A few of those reasons include:

• Adequacy of Life Insurance
  
• Employee Stock Ownership Plans
  
• Gifting Programs
  
• Obtaining Financing
  
• Succession Planning

The best reason is to use it as a management tool. The primary objective of any business is to maximize its value to the owners. A properly prepared business valuation helps management identify company strengths and weaknesses that affect value, allowing them to more effectively focus their energies in areas that really count. A periodic business valuation also helps owners assess the overall success and management of their business. Identifying and correcting potential problems usually translates into more profits, a stronger financial statement, and a greater company value.

Estate Planning

An important part of lifetime planning is to develop a successful plan for your estate to be passed on to your survivors to minimize the tax burden. Our qualified accountants will work with your team of professionals to help put your affairs in order to effectively provide it to your loved ones. We will assist you in structuring your estate to minimize estate and gift taxes, determining the proper use of trusts, and planning for the ownership succession for your business, to name a few. Estate planning is a complex process, and every situation is unique. Let our team design a sound estate plan to help you preserve the financial security that you are working hard to achieve.

Financial Planning

It is very important to have an effective financial planning strategy in place to meet your specific objectives. Our personal financial specialists can assess your current financial situation, help you to determine your financial goals, and work with you to develop and monitor a plan to attain them. Your financial goals are not limited to just long–term or short–term, rather it’s a combination of both and the process is to help you identify where you’re at right now, where you want to be, and how to get there. We individually tailor our advice based on your financial goals and objectives, as well as the level of risk with which you are comfortable. It is never too soon to start planning for tomorrow. Let us help you to achieve financial freedom and security.

Tax Preparation and Tax Planning

Tax compliance is a large part of what we do.  With increasing tax complexity and frequent tax law changes we can prepare:

• Business tax – Federal and State income taxes
• Individual – Federal and State income taxes
• Exempt Organization return
• Sales tax
• Business registrations
• Other required filings

IT Services

Our clients rely on out IT department to protect their information here in our offices, and to consult on ways they too can secure data on their own networks.

• Internal Vulnerability Assessment Scans

• External Vulnerability Assessment Scans

• IT Policy Review

• Compliance Reviews

Payroll Services

Our clients receive payroll services from a firm that has an in depth understanding of the small and medium sized business owner’s needs and issues. We provide all of the payroll services of the large payroll “factories” plus we deliver these services with superior customer service, personal payroll guidance

• Flexible Call-in or Fax-in Service

• Internet payroll reporting

• All payroll tax filings

• Direct deposit

• Flexible customized payroll reports

• Quarterly reports

• All year end payroll reporting and filing requirements

• Client driven personalized customer service

QuickBooks

Our staff of Certified QuickBooks ProAdvisors are able to provide the following services:

• New User Setup, including new business

• On-Site Training

• Trouble-shooting

Varney & Associates, CPAs, LLC is affiliated with QuickBooks and we are able to provide a product discount to our clients through our website.

Our staff of Certified QuickBooks ProAdvisors are able to provide support for questions you may have about navigating through the software.