We are committed to giving personal attention and earning the position of being your Most Valued Advisor.
Holm Ryan Truitt Hall, LLC is a CPA firm dedicated to providing our clients with quality service. Our broad practice offers our clients solutions for a variety of needs.
Accounting and Tax Services
Accounting and Auditing 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. 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 can provide audit, review and compilation services. Audits differ from reviews and compliations, as they are an intensive examination of your Company's systems and records providing the highest level of assurance. We have found agreed-upon-procedures attest services to be very beneficial to our clients. In an agreed-upon-procedures engagement, our client determines the work they want us to perform. Our firm provides a full range of cost-effective accounting services including the following:
*Attest services:
- Audits
- Reviews
- Agreed Upon Procedures
*Compilation services
*Bookkeeping (Monthly/Quarterly/Annual)
*Accounting system setup for new businesses
*Assistance with computerized payroll services
*Personal financial statements
*Litigation support
*Audits of 401(k) plans
Business Planning and Consulting Services
We strive to have our clients be successful. We will listen to our clients concerns and develop practical solutions. The following is just a few of the areas in which we provide consulting services:
* Business Entity Selection
* Business Succession Planning
* Business Valuations
* Buying and Selling a Business
* Financial and Retirement Decisions
* Individual and Estate Planning
Tax Planning and Compliance 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 and return preparation
- Individuals
- Corporations
- Partnerships
- LLCs/LLPs
- Estates, trusts and gift
- Not-for profit organizations
* Taxing authority representation
* Divorce and support issues
* Tax effects of buying/selling a business
401(k) Plan Services
We provide local, timely and accurate recordkeeping and consulting services for your 401(k) Profit Sharing Plan including Cross-Tested and Safe Harbor Plans. Our firm handles all details from the initial plan selection phase to plan termination based on your individual specifications with minimal administrative work on the part of you or your personnel.
Specifically, we can provide:
* Plan implementation assistance including selection of the best plan for your company, employee education and applicable documents.
* Quarterly, semiannual or annual participant statements.
* Calculations of participant distributions and applicable taxes.
* Participant loan administration.
* Tracking of participant vesting, census data, etc.
* Relationships with investment institutions to allow daily valuations and internet/phone access.
* IRS required annual testing.
* Preparation of annual filing returns including forms 5500, 945, and 1099R.
* Ongoing technical assistance.
* Coordination, as CPA’s, of your Plan with your Company’s other financial considerations.
Consulting Services
Business Entity Selection
Choosing 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 Planning
Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company's day to day operations. With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.
Business Valuations
Whether you are thinking of buying a new business or in the midst of a difficult divorce, 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.
Buying and 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 to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.
Estate Planning
Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
Financial Planning
A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.
Management Advisory Services
Even the most qualified managers can benefit from competent, objective feedback. We can help your company's management team develop long-term objectives and specific strategies to facilitate your business' future growth and success.
Retirement Planning
Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.
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