Price Fronk & Co. concentrates on providing a complete range of taxation services to guide you through the maze of income and estate taxes. We are skilled in both tax consulting and tax compliance services. Many of our professionals have developed areas of specialization in tax consulting. We offer services for individuals, partnerships, limited liability companies, corporations, trusts, estates and exempt organizations.

Through tax planning and year-round consulting, we are able to assist our clients in minimizing their tax burden and structuring business transactions for their greatest economic benefit.

Tax return preparation and other tax compliance services constitute an essential part of our practice. Tax returns prepared by our firm are processed by computers in our office which helps us provide timely service as well as ensuring a high level of computational accuracy and professional appearance.

The returns are subjected to several levels of review by tax specialists, both for completeness and accuracy.

As a firm, we strive to provide our clients with the most up-to-date tax information. Our tax research library includes a wide variety of reference materials including online research tools. We become aware of changes in IRS regulations, tax court rulings and private letter rulings as soon as they are available.

Also see our Tax Tools – articles, calendars and financial calendars.

Audited Financial Statements
As certified public accountants, we are responsible for the objective examination of financial statements in accordance with auditing standards accepted in the United States of America. Our audit philosophy includes understanding the key aspects of our clients’ operations and the areas which are critical to their success and their ability to attain their goals. Although the primary objective of an audit is the expression of an opinion on the fair presentation of the financial statements, we consider it important to develop suggestions and recommendations to assist management in improving the internal controls and efficiency of the organization.

In addition to our services for commercial entities, we also perform audits of governmental or nonprofit organizations that receive federal funding and are subject to an independent audit under the Single Audit Act.

Reviewed Financial Statements
For clients who do not have an outside requirement for an independent audit but want reliable financial information and an accountant they can call upon during the year, we often recommend a review in accordance with standards issued by the American Institute of Certified Public Accountants.

Rather than rendering an opinion on the financial statements, we will provide limited assurance that no material modifications are needed in order for the financial statements to be in conformity with accounting principles accepted in the United States of America. This service is less costly than an audit. During the process of reviewing the financial statements, we will also become familiar with the client’s operations and make suggestions that come to our attention.

Compiled Financial Statements
When a client needs financial information compiled into the form of financial statements and does not require the assurances provided by an audit or review, we may perform compilation services. These services are much less expensive than an audit or review and can provide attractive financial reports for owners, board members, creditors, etc., on an annual or interim basis. As part of such an engagement, we would obtain documentation of certain balance sheet accounts in order to provide you with any year-end adjusting entries that we found needed to be recorded.

Quality Control
Price Fronk & Co. is a member of the Private Companies Practice Section of the American Institute of Certified Public Accountants. The firm has undergone seven peer reviews, each covering a three-year period. These reviews of our quality control are required for firms who audit federal financial assistance programs. They are conducted by other CPAs who evaluate our firm based on certain standardized criteria provided by the AICPA. Our firm is proud to report that we received unqualified opinions on all of our reviews. In October, 2015, we completed our most recent review and a copy of that unqualified opinion is available upon request.

Price Fronk & Co. is in the unique position of having both the technical software expertise and the ideal accounting background to assist clients in selecting, implementing and using computerized accounting packages. Plus, we have an understanding of your business, your employees and your operations.

We are QuickBooks ProAdvisors, specializing in both QuickBooks Desktop and QuickBooks Online. Our bookkeepers can assist in QuickBooks implementation, conversion and training . They can also provide on-site or phone support as you learn to use the software. We also provide assistance on a wide variety of other brands of software and app integrations such as Bill.com, T-Sheets and Paypal.

Spend your time doing what you do best. You know your business.

We know finance, cost management, business strategy, productivity, human resource management, long-term planning and goal-setting.

We can do more than prepare your tax returns and financial statements after year-end. Clients who can’t afford to hire a full-time controller or finance officer usually don’t need such an employee every day, all day, but they need one nonetheless.

Let us come to your office, help your staff, analyze your business and give you the kind of information and advice you need to stay profitable and competitive. Let us do what we do best.

Do you often need current profit and loss information for decisions and not have it? Do you feel behind or unable to provide adequate information to your banker? Do you wonder if all of your product lines or projects are profitable?

These may be warning signs that you’re managing without all the facts. We can help. With our broad client base and the range of expertise that more than a dozen professionals can accumulate, we have experience with a variety of industries and business problems.

Whether you need us once a week, a month or a quarter, we can:

• Provide you up-to-date financial information that will help you make decisions in areas such as inventory pricing and quantities, personnel and equipment needs, marketing results and much more.
• Help you update and implement your business plan, including budgets and cash flow projections.
• Review retirement and fringe benefit options for you and your employees.
• Assist you with bank loan applications and interviews.
• Evaluate the terms of equipment purchases and leases.
• Analyze office procedures and accounting systems to improve efficiency and minimize risks.

It works. When you realize the impact we can have on your business, you’ll see that our hourly rates are a good value – and you only pay for what you need, when you need it.

We offer tax planning and preparation for trusts and estates, including annual accounting and tax services and coordination with attorneys and bankers.

Planning usually begins with an analysis of an individual’s assets and needs for the future as well as goals for caring for beneficiaries and philanthropic activities. An important aspect of planning in these changing times is evaluating the likelihood of changes in estate tax law. Although many tools will remain useful in estate planning (revocable and irrevocable trusts, wills, etc.) many current estate planning techniques need to be revisited in light of potential changes in the law.