Menu of Services

Gary M. Barnbaum, CPA CMC, Menu of Services

Initial Set Up: (ONE TIME CHARGE)

Incorporation:
(Including Articles of Incorporation, Stock Certificates, filing fees, etc.)
Obtain books, records, files, etc. from former accountant.
Conversion of records to our software.
Set up accounting system, chart of accounts, financial statement format. (our software)
Set up accounting system, chart of accounts, financial statement format. (clients’ software)
Set up payroll accounts on above systems.
Set up files, etc.
Special computer consulting and training.
Applications for federal and state identification numbers.

Bookkeeping:
Recording of payments, deposits, payroll, sales, purchases, etc. into our computer program.

Basic Accounting:
Recording balances from client financial reports, general ledger,

financial statements, into our computer program.

Bank Reconciliation’s:
Prepare from the journals we create, or from client, bank

reconciliation’s on a periodic basis. OR
Prepare bank reconciliation’s if not prepared by clients office. Or,

review clients’ bank reconciliation’s.

Review and Correct Accounting Records:

Review bank reconciliation’s, review postings to general ledger, review

classification of major postings, analyze and balance all balance

sheet accounts and prepare additional adjustments as necessary. Reconcile various accounts to outside documents (such as bank loans). Prepare correcting journal entries, if necessary.
Adjustments of accounting records:
Post correcting journal entries to books. Record purchases of new fixed

assets, loans, etc. Calculate depreciation for the current period, or

year, post to books.
Calculate other necessary adjustments and post to the books.
Question and discuss unusual entries that require clarification. Prepare

required adjustments. Finalize financial statements.

Business Tax Services:
Preparation of yearly federal and state corporation income tax returns.
Preparation of yearly federal and state partnership (LLP/LLC) tax

returns.
Preparation of federal and state returns for non-profit organizations
Preparation of quarterly and yearly payroll tax returns.
Preparation, or review, monthly, quarterly, yearly sales tax returns.
Preparation, or review, yearly city of Los Angeles business licenses.
Preparation, or review, yearly county business property tax

statements.
Communication with various government agencies in response to their

inquiries, notices, etc.

Personal Tax Services:
Preparation of federal and state tax returns (any state)
Preparation of prior years federal and state tax returns
Communication with various government agencies in response to their

inquiries, notices, etc.
Special tax returns such as Trust, (1041) Estate (706) etc.
Prepare offers in Compromise: Federal & State
Financial Statement Services:
Preparation of monthly, quarterly, semi-annual, yearly compilations.
Preparation of yearly reviewed statements.
Preparation of financial statement comparisons and analysis
Meeting with management to analyze financial statements.
Preparation of special reports, worksheets, amortization schedules,

etc.

Consulting Services:
New business start-up consulting
Preparation of business plans
Preparation of financial projections
Preparation of cash-flow forecasts
Preparation of budgets
Short range and long range financial planning.
Preparation of loan packages for banks, SBA, etc.
Assist in loan negotiations with banks or finance companies
Business valuation services including short form reports
Assist in buy-sell negotiations
Assist in preparation of buy-sell agreements
Review of buy-sell agreements
Review financial efficacy of a business to be purchased and prepare

applicable reports
Review and improve internal control procedures
Cash-flow improvements
Profitability improvements
Increase the value of a business
Computer system design and installation
Marketing consulting
Public relations consulting
Tax projections and forecasting
Tax reduction procedures
Succession planning for family owned businesses
Meetings and discussions about various types of business/tax issues,

phone calls, etc.
Assist on questions of whether to incorporate a business

Personal or Business Management:
Establish one or more bank accounts with checks and deposit slips
Obtain all income and deposit into the designated account
Prepare all checks on our computer software system
Prepare monthly bank reconciliation’s
Prepare periodic financial report
Meet with client to discuss various financial matters
Meet with client to review tax planning issues

Other Special Services:
Representation of taxpayer’s during IRS or other governmental audits
Forensic accounting reports for special situations
Preparation of applications for non-profit tax status
Litigation support for IRS & other governmental audits
Litigation support for other matters, family law issues, etc.
Personal financial planning

Business Recovery Services (Turnaround Consulting)