For more than 80 years Weltman Bernfield LLC has remained strongly tied to the ethics and philosophy of its founders. Though we’re rooted in tradition, we’re committed to the future of our clients and our employees. We will continue to build the staff and capabilities you’ve come to expect, and offer a wide range of personalized services to both individuals and business clients. How can we help you?
Accounting & Bookkeeping Services
Providing financial information in a timely and accurate manner is our goal. Meaningful, well organized financial records ensure that your business operations will run more efficiently on a daily basis. We provide a full range of cost effective services such as:
- General ledger maintenance & financial statement preparation
- Monthly, quarterly or annual bookkeeping & write-up services
- Accounting system setups for new businesses
- Quickbooks implementation, training & support
- All business tax return preparation including payroll & sales taxes
- Personal financial statement preparation
Asset Protection
A well designed wealth preservation plan makes the enforcement of judgements against protected assets nearly impossible and allows the owner to retain substantial control over his assets. We can help you
develop an asset protection plan using the latest techniques with family limited partnerships and trusts.
Audits, Reviews & Compilations of Financial Statements
Since our professional standards allow us to produce financial statements at three different levels, we
will assist you in choosing the type of financial reports that are the most cost effective for your needs.
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.
Business Consulting
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive and flexible strategies that address the issues affecting your business.
Business Entity Selection
Choosing the right form of entity structure is a crucial decision that can have longstanding tax implications. Whether it be an S Corporation, Partnership, Sole Proprietor, Limited Liability Company or the many other to choose from, we can assist you in evaluating the pros and cons of each entity type and help you determine the right choice for you.
Business Succession Planning
Effective coordination of the transition of your business to your successors is critical to ensure your retirement and your family's financial stability. As we have done for many others, let us tackle the complex issues surrounding the development of a strategically viable plan.
Business Valuations
Whether you are buying or selling a business or in the midst of difficult litigation, we can perform the necessary type of valuation services you will need.
Buying & Selling A Business
Structuring the purchase or sale of business property is essential to maximize your return on investment. We can help you with cash flow analysis and also identify and evaluate the critical tax considerations.
Cash Flow & Budgeting Analysis
A business can be profitable and yet still experience cash flow problems. We can forecast and evaluate your company's financial condition, determine financing requirements and options and help you track cash flow sources and uses.
Certified Senior Advisory Services
Larry Adler, CPA, CSA, is a profesional who has recieved specialized training in aging and the important issues that affect seniors as a Certified Senior Advisor.
Computer Consulting
Whether you are comtemplating the addition of new computer hardware or software, or overhauling your network, we can assist you with many of the difficult decisions surrounding these issues.
Debt & Financing Services
Debt management and the evaluation of financing options are issues we deal with often for our clients. Let us use our experience and vast resources to assist you in securing financing or consolidating debt for either your personal or business needs.
Employee Benefit Plans
The accounting and tax issues involved with employer provided benefit plans are very complex and can be overwhelming. Whether it's a profit sharing, 401k or defined benefit plan, we can assist you in the design, implementation and administration of your plan.
Estate & Gift Tax Preparation, Research & Planning
Effective estate and gift 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. We can guide you through the complex process of making sure your financial affairs are in order.
Financial Forecasts & Projections
Forecasting can be a helpful tool when trying to effectively manage and achieve profitability. Most lending institutions require formal projections or forecasts when considering financing requests. From simple projections to complex financial modeling, we have the experience to compile information you may need.
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 enable you to achieve your goals and strenghten your financial security.
Investment Analysis & Review
As you develop your investment strategy, we will act as your sounding board. We can help you and your investment advisor build an investment portfolio that takes into consideration the impact of taxes and produces a favorable after-tax return.
IRS Representation
During our many years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients are being properly represented before various federal and state tax agencies.
Management Advisory Services
Even the most qualified managers can benefit from competent, objective feedback. As many of our clients know we often serve them as their CFO, controller, or business advisor providing business vision, analytical analysis and problem resolutions.
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 considerations, product/service compatibility, competitive tactics and position, financial impact and cash flow considerations.
Pension & Profit Sharing Plans
Qualified retirement plans such as Keoghs, SEPs, Defined Contribution or Defined Benefit plans can provide significant tax advantages for closely held businesses and self employed individuals. Let us assist you in evaluating the type of plan that will best serve the retirement needs of you and your employees.
QuickBooks® Consulting Services
Quickbooks is one of the most widely used accounting software applications for small and medium-sized businesses. We’d like to help you with: select your Quickbooks program, Quickbooks training and installation, maximize program features, and/or Keep an adjustment of inaccurate books and records
Retirement Planning
Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement.
Tax Preparation, Research & Planning
This is the cornerstone of our firm and is what our clients value most. Our continuing investment in highly technical staff, state of the art computer tax and research software and our commitment and dedication to advancing our education is what makes Weltman Bernfield the firm you will want in the 21st century.