Client Services
Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison. Below we have listed the services that we offer to our clients along with a brief description.
As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional.
Accounting Services
Accounting Services
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:
- General ledger & financial statement preparation
- Bookkeeping (Monthly/Quarterly/Annual)
- Accounting system setup for new businesses
- Computerized payroll services
- Business tax return preparation (Sales & Use/Business Property)
- Personal financial statements
- Litigation support
- Family office services
Audits, Reviews and Compilations
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on all three levels of assurance:
- Audit- an intensive examination with the highest level of assurance
- Review - some analytical procedures conducted with limited assurance
- Compilation - based upon client information provided and used primarily for internal use.
One of our audit specialties is auditing Employee Benefit Plans. KSHD is a member of the AICPA Employee Benefit Plan Audit Quality Center (EBPAQC).
Cash Flow & Budgeting Analysis
A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses.
Financial Forecasts & Projections
Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals.
Tax Services
Tax Services
We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include but are not limited to:
Tax planning & return preparation
- Individuals
- Corporations
- Partnerships
- Limited Liability Companies
- Limited Liability Partnerships
- Estates, trusts & gift
- Not-for-profit organizations
- Taxing authority representation
- Divorce and support issues
- Tax effects of buying/selling a business
Consulting Services
Business Valuations
Whether you are thinking of buying a new business or selling an existing business, the amount attached to the value of your business is important. We can provide useful and objective analysis to assist you in the valuation of any business in which you have an interest.
We have CPAs on staff with Accredited in Business Valuation (ABV) qualifications ready and willing to help you in your time of need.
Buying & Selling a Business
Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has experience of guiding you through the acquisition/sale process by addressing such issues as cash flow analysis and tax considerations.
Other Services
Research and Development
Research and Development tax credits were designed to stimulate innovation and help encourage investment in development in the U.S. Claiming and documenting the Research and Development tax credit calls for expertise many accounting firms do not have. In contrast, KSHD has over fifteen years’ experience guiding clients in diverse industries through the R&D tax credit process. KSHD’s R&D tax experts can analyze your organization’s research and development operations to determine if you are eligible and help you capture valuable research credits.
An example of eligible industries include: manufacturing, technology, architecture, engineering, scientific, certain services plus many others.
KSHD is the only Kansas-based firm that is a member of nationally recognized R&D Round Table.
KSHD often works with a company’s current CPA so a change in accounting firms is not necessary.
Prior to an engagement we provide an estimate of benefit with the following documents: 1) organizational chart, 2) copy of the prior three years’ corporate tax returns and 3) list of employees with titles and gross wages for the prior year.
Contact Joe Boyle (jboyle@kshd.com), Brian Huenergardt (bhuenergardt@kshd.com) or Ed Dunn (edunn@kshd.com) to get started.
Litigation Support
Litigation support involves the quantification of economic damages pursuant to existing or pending litigation using accounting and auditing techniques. We have experienced competent staff who can compile information efficiently to assist in the calculation and documentation of any potential economic loss or damages.
Bankruptcies
Filing for bankruptcy is a serious and involved process with many legal and tax issues. Our firm is familiar with the complexities of the bankruptcy filing system and can competently guide you through the process.
Mergers & Acquisitions
Finding the right business partner for your company can be a difficult task. We can assist you in the merger or acquisition process by assessing such critical elements as tax and cashflow considerations; due diligence. We have years of experience in advising and consulting businesses, both on the buy-side and sell-side of transactions, and partial listing of the services we can provide follows:
- Assist with the preparation of Confidential Information Memorandum
- Assist with preparing marketing documents, to present the Company in the best possible light, and coordination of information
- Analyze and assist in identifying EBITDA add-back and non-recurring cash flow items
- Perform CFO-type functions throughout the purchase or sale process
- Perform due diligence services
- Advise clients regarding the transaction structure, including identifying tax strategies
- Calculations and advice regarding the tax-favored purchase price allocation
- Preparation of net working capital calculations pre- and post-closing
- Review of the legal documents and provide assistance and input on financial and tax matters
- Tax planning and calculations relative to the sale and post-closing calculations such as Earn-outs.
Contact us today if you are thinking buying or selling a business, by contacting: Arthur Hoopes (ahoopes@kshd.com) or Ed Dunn (edunn@kshd.com).
Miscellaneous
CFO / Controller Outsourcing
We can provide transition support as well as permanent outsourced help for senior accounting needs.
Cost Segregations
As an added value to its clients KSHD provides Cost Segregation services. Cost segregations are a well-recognized tax strategy that accelerates depreciation deductions and improves cash flows to the owners of real estate. This tax strategy allows client to benefit from time value of money by front-loading depreciation deductions.
Economic Development, Business Incentive & Tax Exemption Programs
For over 30 years, we at KSHD offer turn-key solutions to various Business Incentive and Tax Exemption Programs to maximize benefits to its clients. We are experts in the State of Kansas in assisting clients identify all the potential benefits available, navigate the various qualifying events, leveraging our relationships and knowing where benefits might be negotiable, preparing all the necessary pre-applications, formal applications and monitoring of the various certifications for clients.
Following is a summary of some of the Economic Development, Business Incentive and Tax Exemption Programs. We should develop a coordinated and detailed plan to take maximum benefit for these potential benefits:
- Industrial Revenue Bond consulting
- Training and investment tax credit programs that provide sales tax exemption and income tax credits
- Business incentives that allow employers to retain a portion of the withholding taxes related to new employees
- Employee training & education grants
- Discounted electricity rates
- Sales tax exemption on utilities consumption, equipment purchase and building costs
- Property tax exemption on building construction, remodel and expansion
Contact us today and take your organization to the next level by contacting: Arthur Hoopes (ahoopes@kshd.com), Joe Baier (jbaier@kshd.com) or Ed Dunn (edunn@kshd.com).
Aircraft Compliance & Exemption Programs
KSHD offers significant opportunities for owners of Aircraft to not only stay in compliance with various tax laws but we will also assist clients to maximize cashflow and tax benefits and minimize tax liabilities associated with aircraft usage. We are considered leaders in the aviation community and have decades of experience in advising clients in the areas of:
- Complexities of the depreciation rules in owning an aircraft
- Calculations to maximize the business usage of aircraft, including SIFL rates
- Advise in the structure of purchase/sale/lease of aircraft
- Sales and use tax exemption
- Property tax exemption
Please contact the following related KSHD’s services we can provide related to Aircraft: Joe Baier (jbaier@kshd.com) or Ed Dunn (edunn@kshd.com).
Oil and Gas Consulting and Asset Management
Non-operated interests bookkeeping, asset management, and reconciliations
Operations consulting and training including (but not limited) to Joint Interest Billing, revenue distribution, workers comp audits, KCC filings, and severance tax exemptions