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Certified Public Accountants

Our Services

We are a full service 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 wide client base, yet small enough for personal service. We are dedicated to helping you achieve your business and personal goals.

Audit/Assurance

Our specialized auditors and accounting professionals take pride in providing quality and timely service by qualified individuals who are known to establish close professional relationships with clients.

Commercial industries we serve include; retail, construction, manufacturing, agriculture, financial institutions and medical professionals.

Nonprofit organizations we serve include; university Greek organizations, domestic violence organizations and 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.

Our office is able to perform audits, reviews, compilations preparations and agreed upon procedures for the aforementioned entities and industries.

Audit services are the highest level of service provided with respect to financial statements. We perform verification and testing of evidence supporting the amounts and disclosures in the financial statements. We are also required to fully understand the system of internal control. Audits are conducted in accordance with auditing standards generally accepted in the United States of America. Based on the testing and understanding, an opinion is provided on the fair presentation of the financial statements.

  • Financial Statements Audits
  • Compliance Audits
    • Audits pursuant to Governmental Auditing Standards (Yellow Book Audits)
    • Audits pursuant to the Uniform Guidance (formerly OMB Circular A-133) (Single Audits)
    • Employee Benefit Plan Audits

A review consists principally of inquiries of company personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit and performed in accordance with AICPA performance standards. A review is made for the purpose of expressing “limited assurance” that there are no material modifications.

  • Financial statements reviews

A compilation is limited to presenting in the form of financial statements information that is the representation of management in accordance with AICPA professional standards. No opinion or any other form of assurance is expressed in the report issued.

A preparation is the most basic level of service provided with respect to financial statements. Preparations are limited to presenting financial statements that is a representation of management in accordance with AICPA professional standards. We are not required to verify accuracy or completeness of information. No report is provided and no opinion, assurance or conclusion is given on the financial statements.

An agreed-upon procedures engagement is performed in accordance with AICPA professional standards. We issue a report of findings based on an assessment of specific procedures laid out by management.

Tax Services

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

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.

 

 

 

 

Accounting Services

Rapidly growing, small- to mid-sized businesses face many challenges. The expense and complexity of developing a high-functioning accounting and finance department is significant – especially if an experienced executive-level financial expert is not part of the staff. In addition to the difficulty, an ineffective, inefficient, or inaccurate accounting department can expose a growing business or organization to considerable risk.

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 and prepare financial statements.

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

 

 

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. To download the order form, click here.

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

Below is a link to download QuickBooks Desktop software. Make sure to change the product at the top picking the version that corresponds to your purchased license.

https://support.quickbooks.intuit.com/Support/ProductUpdates.aspx

Click here for the QBO link.

Consulting Services

Our clients have access to a wide variety of consulting services spanning the entire financial spectrum, all of which are focused on improving efficiency, streamlining business operations and, ultimately, increasing your profit margin.

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.

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.

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.

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Our clients rely on our 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

Niche Services

Many niche industries—such as medical, forensic, and litigation support just to name a few—require distinctive knowledge and creative perspectives. We recognize that each of our clients is unique and, as a result, require custom accounting solutions that fit their needs. If you don’t see a ready-made accounting solution that fits your needs on our site, please contact us to discuss what custom solutions may be available to you with Varney & Associates.

Agriculture
Agriculture
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. Learn More »
Financial Institution
Financial Institution
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 services. Learn More »
Not for Profit
Nonprofit
Nonprofits face many additional challenges not found in the for-profit sector. Let us help you navigate the complex web of federal, state, and local regulations. Our highly skilled CPA’s stay up-to-date on the ever changing tax, fundraising, and audit rules unique to nonprofits—so you don’t have to. Learn More »
Employee Benefits
Employee Benefits
Whether you’re a multi-national corporation or a small local business, employee benefits issues can be both complex and frustrating. Let our skilled professionals assist you with payroll, audits, ERISA compliance, cost allocation studies, and many other employee benefits services. Learn More »
Government
Government
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. Learn More »