 Our Services
|
|
Tax Services
Little-Morris LLP is dedicated to try to reduce or defer your tax liabilities and uncover potential tax advantages applicable to your situation. We pride ourselves in our extensive tax knowledge and we stay up to date with the constantly changing tax laws.
Return to the list of our services
Tax Returns
We prepare tax returns for partnerships, corporations, individuals, not-for-profit organizations, estates, trusts, and pension plans. Our practice also includes tax planning and consulting, which provides you with a fully integrated package of services.
Return to the list of our services
Estate Planning
We study and understand the myriad of estate tax laws and requirements to structure estate plans that utilize the opportunities available to help you to transition your wealth to your heirs as efficiently as possible. Such strategies often include creating Family Limited Partnerships, Limited Liability Companies, Qualified Subchapter S Trusts, Charitable Remainder Trusts, and annual gifting to accomplish your goals. Our Firm is highly respected in this area and works very closely with a number of law firms and other financial advisors to facilitate the most efficient transfer of wealth allowed under the law.
Return to the list of our services
High Net Worth Individuals and Closely Held Business
The Firm’s practice is predominantly comprised of these types of clients. We have significant expertise in assisting their businesses to operate their financial affairs and achieve their goals.
Return to the list of our services
State and Local Taxation
We have extensive experience in all areas of state and local taxation. Our services range from multi-state tax compliance, nexus research, personal property tax services, and sales/use tax services.
Return to the list of our services
Income Tax Planning
We believe that income tax planning is critical to the financial growth and stability of both individuals and businesses. Tax planning opportunities is something that is often overlooked by practitioners. We feel strongly about working as a team with our clients so opportunities do not pass them by.
Return to the list of our services
Business Succession Planning
We can assist you to formulate a succession planning strategy that fits your specific goals. A succession plan leaves no doubt about who will be in the essential ownership, leadership, and management positions in the future. A succession plan lets you focus on the most important thing – running your business.
Return to the list of our services
Mergers and Acquisitions
We have extensive experience in assisting clients with due diligence involved in buying or selling businesses. We can assist you in structuring a plan that will allow you take advantage of the tax laws to achieve the desired results depending on whether you are buying or selling. We will assist you in all phases of the transaction from negotiation to reporting.
Return to the list of our services
Tax Controversy Services
With many years of experience in this area we can assist you with Federal, State, and Local tax examinations and controversies.
Return to the list of our services
Litigation Support
Tax and financial issues often add complexity to legal disputes. We can assist you in developing and negotiating strategies for all types of disputes including divorce, employment contracts, and business disputes. We can also help you evaluate the potential economic and tax effects of settlement proposals.
Return to the list of our services
Payroll Taxes
We offer payroll tax reporting and consultation services. Often this area of consulting gets overlooked; however it is vital to the operation of a business. We focus on assisting clients to understand the requirements to run their businesses effectively without exposure to penalties.
Return to the list of our services
Attest Services
Accurate financial statements are critical to the success of growing businesses. We strive to go beyond just assuring your financial statements are technically correct; we strive to tell you what your financial statements say about your business and where the risks and opportunities lie. In addition to bank financing, financial statements can also be required by capital investors for the purchase or sale of a business; and by investors, managers, and board of directors to efficiently manage the business. Depending on your requirements, we offer different levels of financial statement assurance:
- A review provides limited assurance, and includes analytical procedures and inquiries as well as industry-wide comparisons..
- A compilation consists of compiling the financial information into a financial statement format. We don’t perform verifications or offer assurance opinions on the information contained in the financial statements.
- An agreed upon procedure looks only at specific pieces of a financial statement or control system and is usually the result of a request by a bank or funding source or the board to gather specific information on a particular aspect of the business.
An audit provides the highest level of assurance in that it requires outside confirmation of information and testing of transactions, systems, and internal controls. While we currently do not conduct financial statement audits we can provide assistance to clients in preparing for an audit.
Return to the list of our services
Benefit Plan Audits
We provide government related benefit plan audits for businesses with 100 or more employees. Although often thought of as routine, these audits can often uncover unintentional oversights in the routine administration of a benefit plan that could create significant tax liabilities for the plan sponsor or fiduciary liabilities for the plan trustees. We can pinpoint problem areas in our audits and arrange for immediate solutions.
Return to the list of our services
Not-For-Profit Audits
Most funding sources and boards of directors require annual audits. While currently we do not conduct not-for-profit audits we can provide assistance to clients in preparing for an audit.
Return to the list of our services
Consulting Services
The traditional compliance services such as preparing tax returns and auditing financial statements are important, integral parts of your business. However, they are only a step in our process to make sure our clients are well-served. We go beyond the traditional services and consult with our clients as business advisors to help them achieve their goals. Some of the areas we can assist you in are: federal and state income tax, financial planning, succession planning, estate planning, strategic planning, mergers and acquisitions, state and local taxes, real estate transactions, technology planning and support, and other special concerns for high net worth individuals and closely-held businesses.
Return to the list of our services
Litigation Services
Tax and financial issues often add complexity to legal disputes. Our firm has extensive experience and can provide our clients with services ranging from the financial and business aspects of trial preparation to expert testimony. Our experience allows us to assist in evaluating settlement offers and serve as intermediaries to expedite a resolution.
Return to the list of our services
Valuation Services
We provide a wide range of valuation services aimed at assisting our clients in establishing a value for their business. Assistance in selling or purchasing a business, preparation of estate tax returns, determining a value of a gift, and divorce support services are examples of the valuation services we provide.
Return to the list of our services
Accounting Services
Your accounting and finance needs can’t be put on hold. From day one, mistakes made in this arena can delay funding, impair relationships, and even affect important decisions, both in the short term, as well as those that are still several years down the road. We provide bookkeeping, outsourcing, and training services to our clients to mitigate the potential mistakes.
Return to the list of our services
Bookkeeping
We provide the following services to our clients to assist them in their bookkeeping needs:
- QuickBooks support and training
- Peachtree support and training
- Cash receipts and deposits
- Monthly bank reconciliations
- Payroll processing
- Fixed asset accounting
- Monthly and quarterly excise tax reports
- Monthly and quarterly financial statements
Return to the list of our services
Outsourcing
We provide our clients with the resources needed to assist them in times of need. We will work to fill positions as needed ranging from controllers to basic bookkeeping needs. Our diverse staff experience allows us to fill any need our clients may have from the very technical to basic accounting.
Return to the list of our services
Training
We assist our clients in training all of their financial staff in most areas of the financial arena. It is our philosophy to train the clients to do the work they are capable of and have a desire to do. We do on-site training as well as provide telephone support when needed.
Return to the list of our services
|
|
Little Morris LLP
950 West Bannock St. Suite 810
Boise, ID, 83702
Phone: (208)344-2666
Fax: (208)344-9698
LittleMorris@LittleMorris.com
|
|
|
