Accurate financial information is crucial when it comes to maximizing the performance of your business and making important operational and strategic decisions. To support your business goals, we offer sound, accurate reporting with critical analysis so you always know where you stand financially. And we’re there for you throughout the year to offer insightful counsel and review services, when needed.
Via our financial statement review and compilation services, we provide you with comprehensive and detailed financial statements on a monthly, quarterly, or annual basis. However, we don’t just deliver the documents, we work in partnership with you to make sure you understand your data so that you can continue to make smart business decisions and stay on a healthy financial course.
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. Reviews are done to ensure the integrity of your data.
Compilations are usually requested for internal purposes and are based on information provided by a company's management. Compilations do not offer assurance, but they may involve some adjustment to accounting records.
As the month “Marches” on, and we at LBF are in full tax season mode, we want to remind those of you whose returns we have finished to please get us your 8879 electronic filing form ASAP so we can file your return (which we will not do without this form), and assure your filing is timely. Also, remember that even if you owe taxes (we hope you don’t), the IRS will not be...
Many people receive tax refunds from the IRS and wonder how long it will take to receive your refund. You wait by the mailbox or look at your bank account hoping that your refund is there. We will fill you in on the tax refund schedule and how long it takes for the IRS to issue refunds.
When Are Taxes Due?
The deadline to submit your 2018 tax return and pay...
As you are collecting your tax documents for this year’s tax return (or stuffing them in a file drawer if your return has already been filed), you may be wondering: “How long to I need to keep this stuff?”
The general rule is that you should keep all documents that prove the information on your tax return until that return can no longer be audited, and interest and...