At Uselton, Clay & Bright, CPAs and Consultants, we’ve got you covered with a broad range of tax and financial services that fall broadly into the categories of Tax Services, Accounting Services, Advisory Services, and Auditing Services. You’ll find detailed descriptions of each, below.
Regardless of your trade or industry, the unifying common denominator is an ever-changing financial and regulatory environment. To navigate the changes successfully, rely on Uselton, Clay & Bright for comprehensive tax management and IRS representation. We work with a variety of industries and occupations, and can help you stay abreast of the requirements, not just during tax season, but all year round.
Tax Management Services
At Uselton, Clay & Bright, P.C., we’ll guide you 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. You can rely on our expertise, experience, analysis and thorough research to optimize the financial opportunities in existing as well as recently altered tax legislation. We’re knowledgeable and up to date on the tax laws, and can make sense of your receipts, bills and notices.
Being chosen for an IRS audit can be an intimidating experience, but it doesn’t have to be. Let us provide you with professional representation, which can be vital to successfully surviving an audit. Our experience with tax authorities enables us to guide you in all your 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 to rest. We’re ready and willing to answer any and all questions the IRS may be asking of you.
Under the broad category of accounting, we provide professional services that can either replace or support your in-house efforts to manage and track all things financial. Services include training and set up so your staff can effectively manage your financial data entry, or we can do it all for you, from banking and deposits to sales and expenses, cash flow management and bill paying, and even litigation support and forensic accounting. In addition, we can guide you through advice and coordination with other advisors for your investments, mergers & acquisitions, as well as employee benefit programs and profit sharing plans.
Our professional accounting services include: General Accounting Services, QuickBooks Accounting Help and Assistance, Entity Selection and Restructuring, Mergers, Acquisitions, and Sales, Litigation Support and Forensic Accounting, Bookkeeping/Write-up and Business Management, and
General Accounting Services
Whether you’re a start-up or a well-established organization, you count on accurate and insightful financial information to make decisions, maintain profitability and capitalize on new opportunities. Our accounting services enable you to reach your goals through accurate record-keeping and reporting as well as support for financial issues such as initial accounting system setup, cost-containment, tax planning, and other issues.
These services include but are not limited to:
- General ledger and financial statement preparation
- Bookkeeping (Monthly, quarterly, or annually)
- Accounting system setup and support
- Payroll processing
- Cash flow budgeting and forecasting
- Personal financial statements
- Employee benefit and profit-sharing plans
- Corporate tax planning and return preparation
- Litigation support
Litigation Support and Forensic Accounting
Litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, business valuations, business or marital dissolutions, and bankruptcies. These services can involve quantification of economic loss or damages, analysis of financial records, and fraud and theft investigation. Financial and personal records are often vast and confusing to sort through. With our professional training, we can make sense of these records and transactions and get to your bottom line.
QuickBooks Accounting Help and Assistance
You’ve heard the old computer axiom of “garbage in, garbage out.” QuickBooks is an industry standard software that can powerfully provide a great deal of 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. Otherwise, you can have confusion at worst, or not as much information as you’re paying for at best. Let us help you use this powerful program more efficiently and more effectively.
We offer the following solutions to help meet your QuickBooks needs:
- Personal Training – We train you personally, either one-on-one or in small groups of users at your company’s location and convenience.
- Installation – We install QuickBooks for you, 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 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.
Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. At Uselton, Clay & Bright, P.C., we understand the challenges and can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.
Entity Selection and Restructuring
How your business is organized legally has a large impact on your taxes and other liabilities. From your company’s inception through its mature growth and development, Uselton, Clay & Bright, P.C. can advise you on choosing an entity type initially, and later restructuring if that is advantageous to you. With our knowledge and expertise, you’ll always receive advice on the most advantageous entity type for the functions your business performs.
Reduce your administrative costs with Uselton, Clay & Bright, P.C.’s payroll services. We can develop and implement a computerized payroll system just for you, that will streamline payroll preparation, and also facilitate processing, timely payment and preparation of tax returns.
At Uselton, Clay & Bright, P.C., we don’t just crunch your numbers for you. We’re your partner and guide in helping you interpret what those numbers mean on a practical level. Furthermore, we serve as a trusted advisor for your business or family even if the services you need may be provided by other professionals. On the occasion it’s time to shop for additional professional services, we can make recommendations and coordinate services so you have a well-rounded team of support for everything you need.
Our professional advisory services include:
Assurance and Advisory Services, Employee Benefits, Pension, and Profit-Sharing Plans, Financial Projections and Forecasts, Debt and Finance Advising, Estate and Trust Planning and Tax Preparation, Audits, Reviews, and Compilation, Cash Flow and Budgeting Analysis, Business Valuation, and Financial and Retirement Planning.
Assurance and Advisory Services
At Uselton, Clay & Bright, P.C., 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 restructing
- Accounting software selection, implementation, and support
- Entity selection and restructuring
- Accounting software selection, implementation, and support
- Business valuations
- Financial projections and forecasts
- Debt and finances advising
- Mergers and acquisitions
- Transaction structuring and negotiations
- Business succession
Audits, Reviews, and Compilation
Uselton, Clay & Bright, P.C.’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.
Employee Benefits, Pension, and Profit-Sharing Plans
Choosing and administering benefit plans for your employees is often a complex process. Uselton, Clay & Bright, P.C. can help you prepare for adding (or adding to) your benefit, retirement, and profit-sharing plans with an eye toward rewarding your employees and motivating them as you reach your company’s financial and business goals. If outside management professionals are called for, we can assist you in screening and choosing the necessary services. We can also help maximize tax advantages in implementing these plans. As your business grows, your business and your employees will be rewarded for the hard work that contributed to the success of your business.
Cash Flow and Budgeting Analysis
Good cash management can improve a company’s liquidity, reduce costs, and increase profitability. Uselton, Clay & Bright, P.C. can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. Cash flow, as you’re probably aware, can make or break your business’ ability to survive. We can help analyze your spending, re-balance your budget and/or debts to create an optimal cash flow that will support your business’ success. This balance plan would need to be revisited whenever there are major changes in your business structure, to ensure that you continue to operate at an optimal level. With our help and guidance, you’ll always be on top of your finances and ready for the future.
Financial Projections and Forecasts
Planning for the future is essential in business and life, for shaping a future you want, and preparing for uncertainty when things don’t go as planned. Uselton, Clay & Bright, P.C. combines well-honed expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business and your spending. Forecasting for the future is imperative to your company’s success. We make it a point to keep current with market trends and updates so that your business can be well prepared for whatever comes. Depending on your needs, our work can range from top-level reports to detailed financial models.
The range of needs for valuing businesses continues to widen, and Uselton, Clay & Bright, P.C. 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 or selling a business, shareholder or partner disputes, divorce matters, and family limited partnerships. There are many diverse factors that contribute to the perceived value of a business. Our experts can assist you in evaluating entities in which you have an interest, and guide you towards making business decisions with confidence.
Mergers, Acquisitions, and Sales
Business transactions and transitions are complicated affairs, and whether you’re buying, selling, or considering a potential merger, Uselton, Clay & Bright, P.C. can provide professional know-how to help you successfully structure and negotiate the deal. We use careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right decisions for your business.
Debt and Finance Advising
Whether your needs are corporate or personal, Uselton, Clay & Bright, P.C.’s professionals can assist you in sorting out the 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.
Financial and Retirement Planning
Uselton, Clay & Bright, P.C.’s goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. We can assist you through the decision-making processes of asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, and tax, estate, and business succession planning. If necessary, we can recommend a qualified Certified Financial Planner and/or wealth management or investment advisor. Then we can ensure that the decisions you make take into account tax implications, and that you have a solid, hand-picked team working together seamlessly to support your goals. The road to retirement is a long one and together, we can help you to take the proper steps to reach your goals.
Estate and Trust Planning and Tax Preparation
Effective estate and trust planning can ensure financial security for your loved ones. For businesses, it can maintain a smooth succession of ownership and profitability, to benefit your customers, vendors and employees. Uselton, Clay & Bright, P.C.’s role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability for your beneficiaries. You should have a well-thought-out plan regarding to how to distribute the assets left in your estate, to avoid complications and to be sure that your wishes are followed. Having your taxes and estate thoroughly and carefully planned will give you the peace of mind of knowing your loved ones won’t have any unnecessary problems to deal with during their time of loss.
Uselton, Clay & Bright, P.C. provides a wide range of services to individuals and businesses in a variety of industries. At Uselton, Clay & Bright, P.C., we strive to meet each client’s specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
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.