— INDUSTRY EXPERTISE WITH PERSONAL SERVICE —
We are a full-service public accounting firm dedicated to providing high-quality accounting, tax, financial planning, computer technology, management advisory, and attest services. We are set apart from other CPA Advisory firms because we are large enough to serve a broad client base yet small enough for personal service. We are dedicated to helping you achieve your business and personal goals.
Many niche industries—such as government, nonprofit, agriculture, financial institutions, and small business, just to name a few—require exceptional knowledge and creative perspectives. We recognize that each of our clients is unique and, as a result, involves custom accounting solutions that fit their needs.
If you don’t see your industry represented below, please contact us to discuss what custom solutions may be available to you with Varney & Associates.
Industries We Serve
Agribusiness is a constantly evolving industry that faces many unique challenges. Our accountants are well-versed in the subtle nuances of the industry and how those may affect your financial and auditing needs. Varney & Associates can become your financial partner through any combination of the following services we provide to agriculture clients.
Tax Planning & Preparation
- Corporate, partnership & individual tax returns
- Federal & state income taxes
- Federal & state income taxes
Review & Audit Engagements
- To meet lender or other external requirements
- Cash, accrual, or market value financials with ratios and benchmarks
Succession, Estate & Gift Planning
Budgeting & Cash Flow
- Preparation, review & analysis
Outsourced Accounting Services, Payroll and Sales & Use Tax
- Customized to your needs
Business valuations are commonly needed to calculate estate tax upon death, split up family assets in a divorce, and determine the value of a business venture purchase, sale, or merger. 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
- Financial Planning
Financial institutions are as unique as the multitude of industries they touch. We take care of community bankers so they can take care of their communities. Regardless of your needs, we’re equipped to assist you with a host of accounting & consulting services.
Financial Statement Audits
Income Tax Preparation
- Federal & State Tax Returns
- Bank & Trust
- Basic Review
- External & Internal Vulnerability Assessments
- Social Engineering
- Website Review
Mergers & Acquisitions
Interest Rate Risk Reviews
Nonprofit organizations we serve include; university Greek organizations, domestic violence organizations, public health and welfare agencies, agriculture association entities, community service organizations, and foundations. We are the regional member of the Nonprofit CPAs, a national organization of CPA firms dedicated to further servicing nonprofit entities.
Nonprofits face many additional challenges not found in the for-profit sector.
Our highly skilled CPAs stay up-to-date on the ever-changing tax, fundraising, and audit rules unique to nonprofits—so you don’t have to. Let us help you navigate the complex web of federal, state, and local regulations. Varney & Associates can become your financial partner through any combination of the following services we provide:
Financial Statement Audits
Federal Award Program Audits
Financial Statement Reviews
Outsourced Accounting Services
- Sales & Use Tax
Tax Preparation of Forms 990EZ, 990, 990PF & 990-T
Financial Audits of 401(k) Plans & Consulting Assistance
Employee benefit plans operate within a complex set of requirements, restrictions and regulations from the Internal Revenue Service, the United States Department of Labor and the Employee Retirement Income Security Act (ERISA) of 1974. This three-fold audit requires us to understand and apply those regulations in the audit of 401(k) plans. We help the Plan Sponsor and Plan Administrator with their fiduciary responsibilities and help them comply with these regulations.
Our employee benefit group serves clients all across the state of Kansas and eastern Missouri. If you have a mature plan or a plan that has grown to require an audit of the plan, this specialty group has the skills and experience to help the plan sponsor and plan administrators with their employee benefit compliance requirements.
Our firm is a member of the AICPA’s Employee Benefits Audit Quality Center. Our team members are trained in the new developments through required annual attendance at national or regional conferences. Please contact us with any questions you may have about how the Employee Benefit Audit Group can help you.
Government entities exist to serve the well-being of the public that funds them. As a result, they’re often expected to present levels of transparency and stand up to degrees of scrutiny unique to their purposes. Our team understands this environment and its requirements.
Commercial industries we serve include; retail, construction, manufacturing, agriculture, financial institutions, medical professionals, restaurants, and more. Services we provide include:
Financial Statement Audits & Reporting in Accordance with:
- Generally Accepted Accounting Principles
- Kansas Municipal Audit & Accounting Guide
Budget Preparation & Assistance
Single Audits in Accordance with Government Auditing Standards
Audits Pursuant to Governmental Auditing Standards (Yellow Book Audits)
Program Specific Audits
Employee Benefit Plan Audits
As a small business owner, you’ve grown a successful business focusing on your product or service you went into business to sell. Your business is growing but you need a partner with accounting experience to collaborate with you to make informed decisions for your business.
Varney & Associates can be your partner to evaluate financial operations to recommend best practices, identify issues and strategize solutions, and help your business run efficiently leaving you free to focus.