LEVITZACKS offers a wide range of services to our individual and business clients. Because of our firm's broad experience base, our clients benefit by getting 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.
(Click Service Title For Details)
Planning, Compliance and Consulting
• Tax planning and compliance for individuals, corporations, partnerships, LLCs/ LLPs, estates, trusts & gifts, and not-for-profit organizations
• Business entity selection
• Issues arising from buying or selling a business
• Retirement planning
• Pension and profit sharing plan evaluation and selection
• Marital dissolution and related issues
• Comprehensive estate plan design
• Orderly transfer of assets to beneficiaries
• Security for a surviving spouse and/or other heirs
• Reduction or elimination of the tax due on the transfer of business and/or other assets
• Business continuity and ownership succession
• Guidance through complex process of organizing financial affairs
Tax Authority Representation
• Federal and state income tax audits, negotiations and settlements
• Appeals and collections
• Sales and use tax controversies
Business Succession Planning
• Strategic planning
• Business transition coordination
• Business continuation
• Related tax planning and compliance
• General ledger & financial statement preparation
• Bookkeeping (Monthly/Quarterly/Annual)
• Accounting system setup for new businesses
• Computerized payroll services
• Sales and Use and business property tax return preparation
• Trust and fiduciary accounting
Audit, Review and SEC-Related Services
AICPA: Center for Public Audit Firms
LEVITZACKS is a voluntary member of the American Institute of Certified Public Accountants' Center for Public Company Audit Firms, formerly known as the SEC Practice Section. All firms that are members of this Division are required to have an independent peer review of the quality of their work on a recurring basis. We joined the Division more than 20 years ago to provide our clients, and others who rely on our services, independent assurance that our firm provides top quality professional services.
LEVITZACKS is registered with the Public Company Accounting Oversight Board (PCAOB). Our Firm routinely performs audits for publicly held companies as well as privately held companies considering an initial public offering.
Private Companies: Audits, Reviews and Compilations
• Financial reporting: Audit--intensive examination with the highest level of assurance; Review--analytical procedures conducted with limited assurance; Compilation--based upon Client information provided primarily for internal use
• Assistance with the preparation of financial statements, either as the auditor or on a consulting basis
• Assistance with complex computations affecting amounts recorded or disclosed in financial statements, including equity-based compensation as a result of the issuance of stock options
• Due diligence procedures for mergers and acquisitions, including audits of acquired enterprises
Public Companies: Services
• Audits of financial statements for inclusion in SEC’s Annual Report
• Review of interim financial information in Quarterly Reports
• Assistance with preparation of narratives and tables included in SEC filings, specializing in disclosures contained in Management’s Discussion and Analysis of Financial Condition and Results of Operations
• Assistance with the preparation of registration statements on a consulting basis
• Assistance in the preparation of documents, schedules and analyses for use in filings with the SEC
An audit for a for-profit entitiy which receives federal awards/grants is generally required if the for-profit entity expends $750,000 or more of federal awards/grants during their fiscal year.
If a for-profit entity expends federal awards/grants under only one federal program or contract and the contract’s laws, regulations, or contract agreements do not require a financial statement audit of the for-profit entity, the for-profit entity may elect to have a program-specific audit of the federal award/grant.
A program-specific audit is limited to an individual federal program rather than the for-profit entity’s financial statements and federal programs. Consequently, the audit work and cost for a program-specific audit is less than would be required for an audit of the for-profit entity’s financial statements and federal programs.
A program-specific audit includes procedures related to internal controls and compliance requirements for the contract or grant program. Audit procedures are performed to determine whether the for-profit entity has complied with applicable laws and regulations and the provisions of the contract or grant agreements. The audit also includes procedures related to the for-profit entity’s internal controls over compliance with the contract requirements.
We are experienced in the program-specific audit practice area and regularly assist our clients with these engagements.
Business Advisory and Consulting Services
• Transfer of ownership
• Estate and gift planning
• Marital dissolution
• Executive compensation
Mergers and Acquisitions
• Due diligence
• Cash flow considerations
• Tax considerations
• Review and test company controls and procedures and make recommendations for improvements
Fraud Prevention and Detection
• Analysis of financial records in conjunction with fraud and theft investigation
• Damage measurement methods application to determine extent of financial loss and illegal accounting practices
• Analysis of financial records in conjunction with dispute resolutions
• Analysis of financial records in conjunction with fraud or theft investigation
• Damage measurement methods application to determine the extent of financial loss
Expert Witness Services
Financial Forecasts and Projections