The Allen Group, PC 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.
Tax Services
Tax Returns - CompanyWe will prepare the company's federal and applicable state tax returns. Tax Returns - IndividualWe will prepare the appropriate individual federal and state tax returns for you. When applicable, we will also compute extension payments and estimated tax payments. Tax Returns - GiftIf, as a result of estate and gift planning performed, a gift tax return is necessary, we will prepare this gift tax return on your behalf. Tax Returns - FiduciaryMany of our clients are creating taxable trusts during the estate planning process or are the trustee of trusts created by their parents. We are available to assist our clients with the filing of the fiduciary tax returns. Tax PlanningTax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities. Auto Use CalculationWith information you provide us, we will calculate the amount of compensation to be recorded on employees' W-2s in compliance with current payroll rules and regulations. Personal Property DeclarationUsing your fixed asset information, we will prepare your annual personal property declaration and file it in compliance with the appropriate county. Accounting & Financial Services
Accounting Services(Monthly, Quarterly, Semi-Annual) - We will visit your office to review your accounting records. We will assist in a reconciliation process to assure that your general ledger is maintained and assist you in generating internal financial reports for management. We will work with you to design the level of service that best serves your company’s needs. Cash Management PlanWe will complete a one-year Cash Management Plan including projected balance sheets, profit and loss, and cash flows based on information we gather from your financial personnel. The resulting report will be a tool for strategic planning and for reacting to changes in your business throughout the year as we compare actual results to the plan and update accordingly. Enhanced Personal Financial ServicesLenders often require a substantiated Report of Financial Condition to obtain or maintain financing. We will prepare a personal financial statement for you, and at their discretion, provide the statements to their banks and/or other parties who may require it. In addition, we will prepare for you a Summary of Net Worth Statement and trend analyses of the changes in net worth from year to year. If at some point you wish to expand on this service to update retirement planning, evaluate asset allocation for investment analysis and/or return on investment purposes, or explore other areas specific to your financial situation, ask for pricing on these additional services. Financial Statements - Compiled(Annual, Semi-Annual, Quarterly) – We will report on your compiled financial statements, complete them within 30 days from the commencement of the engagement with respect to all information required, and discuss with you the results of this financial reporting. Financial Statements - Reviewed(Annual, Semi-Annual, Quarterly) – We will report on your reviewed financial statements, complete them within 45 days from the commencement of the engagement with respect to all information required, and discuss with you the results of this financial reporting. Consulting Services
Business CheckupThere are a myriad of ways to improve one’s business. The value is in identifying the ones with the potential to provide a meaningful benefit to your company. We can help you pinpoint key areas and will develop a customized plan for your desired result. Perhaps you need to tighten up internal controls. Asset and credit management may be an issue. Mentor a key employee, refine your marketing plan, develop an incentive compensation plan, check the health of your accounting system --- every company has its unique needs. We can help turn them into opportunities for a better business model. Business Entity SelectionChoosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company. Business Succession PlanningIdentifying exit strategies for business owners often provides not only peace of mind, but a renewed focus on building the company’s value. We will guide you through the planning process by helping you define your goals and establish timelines for achieving them. We can assist in establishing a value for your business, and will develop financial, tax and marketing strategies for your exit from the company. Estate and Gift PlanningYou will have the opportunity to meet individually with a member of our professional staff to complete an initial estate planning assessment. If you decide to move forward with a comprehensive estate planning process, we will provide additional information regarding the separate pricing of these services. We anticipate that annual estate plan updates will be part of any estate planning engagement.
Estate and Gift Planning UpdateWe will meet with you to update your estate and gift planning to evaluate whether your established objectives are being accomplished. Individual Financial BenchmarkingWe will prepare a Summary of Net Worth Statement and trend analyses of the changes in your net worth from year to year. If at some point you wish to expand on this service to update retirement planning, evaluate asset allocation for investment analysis and/or return on investment purposes, or explore other areas specific to your financial situation, ask for pricing on these additional services. Information TechnologyOur contracted Network Administrator can assist you with most of the technology issues facing businesses today, including the design, installation and upgrading of Windows office networks; providing training for and/or maintenance of PC hardware, software and computer networks; and general troubleshooting. Investment PlanningWe will evaluate your net worth and assist in structuring a long-term investment plan. Retirement PlanningWorking with you to establish your objectives and summarize your financial resources and investments, we will develop a long-term plan for your retirement. Investment and/or Retirement Planning UpdateWe will update your retirement plan on an annual basis and review the performance of your investments. We will monitor the benchmarks we have established for cash flow, investment return, and growth of your investments, and provide you with a summary of our planning recommendations. We anticipate that annual investment and/or retirement planning updates will be part of any future Fixed Price Agreements. Merger and AcquisitionWe can assist you in the merger or acquisition process by assessing such critical elements as tax considerations, product/service compatibility, competitive tactics and position, financial impact, and cash flow considerations. Operational Forecast We will complete a one-year Operational Forecast (projected profit and loss) based on our knowledge of your business and industry, historical operations, and information we gather from your financial personnel. The resulting report will be a tool for strategic planning and for reacting to changes in your business throughout the year as we compare actual results to the plan and update accordingly. Pension Plan ImplementationRecent legislation makes it a good time to simplify your pension planning strategies. We can help you define your objectives, evaluate your current plan or a potential plan, and assist with implementation. QuickBooks Installation and SetupWe will assist in identifying the correct version of QuickBooks for your company’s needs and install the software, including setting up a company file with your most recent trial balance. We will also provide four hours of training to familiarize you or your personnel with the new software. Strategic Planning Sessions(Monthy, Quarterly, Semi-Annual, Annual) – A Team Member will meet with the principals for strategic planning sessions. They will prepare the agenda for these meetings based on consultations with the appropriate shareholders, act as facilitator during the meetings, and document the results of each meeting. Other Services
Notary PublicBring us your important documents to notarize free of charge. Fixed Price Agreements
Fixed Price AgreementsIn an effort to better serve our best clients, we have developed a process that allows us to fix our annual fees to those clients. With this Fixed Price Agreement, our clients lock in monthly or quarterly billings that even out their cash flow as well as guarantee the best and most timely service we can provide. Our clients love it, and we find it a more preferable way to do business. Unlimited AccessOur signature service makes The Allen Group team available for unlimited meetings to discuss operational, business and tax matters, and other topics at the discretion of your company or its employees and/or agents and unlimited phone support for your personnel and/or agents regarding accounting assistance, transactional analysis, etc. This service is available only with our Fixed Price Agreements. Incidental CostsWhile many professional service firms invoice their clients for out-of-pocket expenses such as meals, mileage, copies, delivery charges, etc., these expenses are included as part of your Fixed Price Agreement. | 
