At Drealan Kvilhaug Hoefker & Co., P.A., we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Drealan Kvilhaug Hoefker & Co., P.A.'s accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.

These services include but are not limited to:

• General ledger and financial statement preparation
• Bookkeeping (Monthly, quarterly, or annual)
• Accounting system setup and support
• Payroll processing
• Cash flow budgeting and forecasting
• Personal financial statements
• Corporate tax planning and return preparation

At Drealan Kvilhaug Hoefker & Co., P.A., we focus on building close client relationships that add long-term value. This includes assuring the solidity of financial records, evaluating financial procedures and working to produce strategies that help our clients face the myriad challenges of business planning and execution. Our clients benefit from objective analysis to assist in controlling costs, increasing efficiency, and implementing new technologies and procedures that take advantage of changes in the marketplace, accounting standards, and tax law. Our assurance services will improve information quality or its context, meaning more success for your business.

These services include but are not limited to:

• Audits, reviews, and compilations
• Entity selection and restructuring
• Accounting software selection, implementation, and support
• Business valuations
• Debt and finances advising
• Transaction structuring and negotiations
• Business succession

Drealan Kvilhaug Hoefker & Co., P.A.'s financial statement services comprise all three levels of assurance depending on your company's needs.

Audits

Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions. We perform audits for you to remove errors, ascertaining the validity and reliability of your information.

Reviews

Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.

Compilations

Compilations are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.

Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Drealan Kvilhaug Hoefker & Co., P.A.'s role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well-thought-out plan as to how to distribute the assets left in one's estate so as to avoid complications and to be sure that the individual’s wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don't have any complications to deal with during a time of loss.

Drealan Kvilhaug Hoefker & Co., P.A.'s goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. We can guide you through tough decision-making processes such as asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, and tax, estate, and business succession planning. Whether you are developing an investment strategy or evaluating current investments, Drealan Kvilhaug Hoefker & Co., P.A. can ensure that your portfolio will take into account tax implications for an advantageous after-tax return. The road to retirement is a long one and we can help you to take the proper steps to reach your goals.

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Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Drealan Kvilhaug Hoefker & Co., P.A. can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.

QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.

Drealan Kvilhaug Hoefker & Co., P.A. offers the following solutions to help meet your QuickBooks needs:

Personal Training

We train you personally! Either one-on-one or several individuals within your organization at your company's location.

Installation

We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.

Setup

We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.

Support

Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.

Review

Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.

Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Drealan Kvilhaug Hoefker & Co., P.A. can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.

Drealan Kvilhaug Hoefker & Co., P.A.'s payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.

Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Drealan Kvilhaug Hoefker & Co., P.A. can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.

The range of needs for valuing businesses continues to widen, and Drealan Kvilhaug Hoefker & Co., P.A. can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest. Uses for this service include estate planning and compliance, buying and selling businesses, divorce matters, family limited partnerships and ESOPs. There are so many factors that contribute to the perceived value of a business. Our expert help can help you evaluate entities that you have an interest in and guide you towards making business decisions that you feel confident with.

Whether your needs are corporate or personal, Drealan Kvilhaug Hoefker & Co., P.A.'s professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments and/or reduce the total amount of interest paid. Re-balancing your debts can also result in tax deduction savings. Even if you are able to handle the payments and the amounts of your current debts, our expertise may be able to save you money and/or lower your payments.

Drealan Kvilhaug Hoefker & Co., P.A. is available to take an active role in the management of the care of an elderly person.  This would include the performance of routine accounting and supervisory tasks such as:

• Receipt, deposit, and accounting for income
• Payment of bills and review of financial transactions
• Review medical insurance reimbursements
• Supervision over investments and recording investment information for tax purposes
• Arranging for transportation needs, care of house and yard, and unexpected emergencies.

Our eldercare consulting services offer assistance in defining the needs and options available for loved ones.  Our goal is to provide services that you may not be able to perform for yourself or a loved one especially if you are the responsible family member and do not reside in the area.

Drealan Kvilhaug Hoefker & Co., P.A. assists clients with payroll tax saving opportunities by sponsoring Section 125 Cafeteria Plans administered by Total Administrative Services Corporation (TASC).

A Section 125 Cafeteria Plan provides the option for employees to select certain benefits normally paid on an after-tax basis and, through salary reduction, pay for these benefits on a pre-tax basis. Common benefits include:

• Premium Conversion Plans for medical or health related insurance benefits enabling employees to pay their share of health insurance premiums with pre-tax dollars.
• Medical Flexible Spending Accounts allow employees to pay for eligible medical expenses, such as insurance deductibles, co-payments, dental and vision expenses on a pre-tax basis.
• Dependent Care Flexible Spending Accounts enable employees to pay for dependent care expenses on a pre-tax basis.

By offering Section 125 Plans, employers are able to realize a number of benefits including: bullet Reduced Payroll Costs with reduced social security contributions for each dollar of employee participation.

• Cost Control of company's share of medical costs, without limiting employee choices.
• Individually Tailored Benefits at little or no cost to company.
• Recruit and Retain Quality Employees with a benefit package with the employees interest in mind.

Drealan Kvilhaug Hoefker & Co., P.A. assists farm clients with opportunities to deduct 100% of medical expenses through Total Administrative Services Corporation (TASC) AgriPlan™. Tax deductible benefits for the American family farmer are available by employing your spouse under a special class of employment known as family employment. Tax deductible expenses include:>

• Health Insurance Premiums
• Uninsured Medical, Dental, and Vision Care Expenses
• Benefits provided for other employees

AgriPlan™ will significantly reduce your federal income taxes, FICA taxes and state taxes.

Drealan Kvilhaug Hoefker & Co., P.A. assists small business owners* with opportunities to deduct 100% of medical expenses through Total Administrative Services Corporation (TASC) BizPlan™. Tax deductible benefits for the American small business owner are available by employing your spouse under a special class of employment known as family employment. Tax deductible expenses include:

• Health Insurance Premiums
• Uninsured Medical, Dental, and Vision Care Expenses
• Benefits provided for other employees

BizPlan™ will significantly reduce your federal income taxes, FICA taxes and state taxes.

* BizPlan™ also applies to Partnerships, C Corporations, S Corporations and Limited Liability Companies.