Garret TenBroek, CPA PC provides a wide range of services to individuals and businesses in a variety of industries. At Garret TenBroek, CPA PC, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
Our professional services include:
We prepare income tax returns for individuals and businesses. Our returns are prepared accurately and on time. We work hard to find ways to minimize our clients' tax burdens.
Tax planning engagements allow us to find the best ways for our clients to structure their business. Whether it is a sole proprietorship, a partnership, corporation or LLC, the choice of entity can have tremendous effect on the amount of tax owed. Year end tax planning for cash basis taxpayers allows income to be adjusted to the most favorable tax brackets.
We are filing an ever increasing proportion of our returns electronically. The Internal Revenue Service is pushing for more returns to be filed this way. We feel that not only do refunds arrive earlier by filing electronically, but also it decreases the chance of an IRS examination.
Income tax preparation is the most important service we offer.
QuickBooks® bookkeeping software has become the preference of many small to medium sized businesses. It is affordable and can be used by people who want to do their own bookkeeping. We help with initial setup and train people one on one or in seminars. We work with payroll, sales taxes, inventory, bill paying, and other areas of the program.
Our bookkeeper's use QuickBooks® software to compile clients financial data. We prepare monthly, quarterly, or annual statements, depending on the needs of the client.
Payroll services include issuing paychecks and preparing required state and federal tax forms.
We prepare sales, excise, fuel tax and other forms. Some clients have further needs such as accounts receivable and accounts payable. Each bookkeeping engagement is tailored to fit the needs of the individual client.
Beginning in Fall 2013, we anticipate adding prorate services for interstate trucking clients.
Financial statement preparation can take the form of audits, reviews, or compilations. Although we do not provide audit services, our compiled financial statements will provide the basic statements for another firm to audit. Different types of organizations use their financial to manage their operations, obtain financing, or comply with various regulations. Forecasts indicate what an organization plans to do. Personal financial statements provide a structured look at an individuals assets, liabilities, and net worth.
The financial statements we produce are prepared in accordance with the requirements of the American Institute of Certified Public Accountants (AI CPA) and the South Dakota Board of Accountancy. Every three years, our work is peer reviewed to ensure compliance. We provide financials for Non-profit organizations who need them to comply with grant requirements. Retail and wholesale business and agricultural producers use them for internal management and to obtain financing. Construction companies use financials to obtain bonding.
Financial statements tell the story of the organizations form a financial point of view. We organize our clients information in ways that present the information in the most favorable way, while complying with all requirements.
Analyzing business operations is a key service. We use financial information to fund ways for our clients to increase revenues or trim expenses. Although saving on taxes is an important area, there are areas throughout the business which present opportunities to increase profitability.
Critical points in a business are start up, expansion, and business terminations. Careful planning of each of these key points in the business cycle can help the overall business venture be successful.
We work with the business's marketing plan to find new ways to reach customers. We look at pricing, competition, target markets, and other areas to find ways to increase revenues.