James K. McClelland, CPA LLC - Our Services

James K. McClelland, CPA LLC At James K. McClelland CPA LLC, the careful management of your finances is our top priority. We pride ourselves on giving you personalized and thorough service that meets your business or individual needs.

We provide a full range of tax and accounting services for our clients and offer consulting services for special needs.

Tax Services

We prefer to take a proactive versus reactive approach to tax services. By keeping current in 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 Preparation: Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and non-profit organizations. 

Tax Planning: Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall strategy, you can use our experience and access to the most current developments in tax laws to minimize both your present and future tax liabilities.

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Accounting Services

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. Well organized financial records ensure that your business operations will run more effectively on a daily basis. Our firm provides a full range of cost effective accounting services including the following: 

  • General ledger and financial statement preparation
  • Book keeping (monthly/quarterly/annually)
  • Accounting system setup for new businesses 
  • Payroll Services 
  • Business tax return preparation (sales & use/business property)
  • Personal financial statements

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Business Services

We can provide comprehensive, flexible strategies that address the issues affecting your business. Our business planning services include: 

Business Entity Selection: Choosing the form of entity of your business (e.g. S corporation, sole proprietor, limited liability company, etc.) is a crucial decision that can have long-standing tax implications. We can assist you in evaluating the pros and cons of each type of entity to help you determine the most advantageous form of business for your company. 

Buying and Selling a Business: Structuring the purchase and 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.

Cash Flow and Budgeting Analysis: A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash flow sources and uses. 

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.

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ATTEST SERVICES

We view our role in financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on three levels of assurance:

Audit: The financial statement audit is the highest level of service a CPA can provide a client. An auditor's goal is to provide an opinion on the client's financial statements, which lends credibility to reported amounts. In working toward that goal, auditors dig deeply into certain accounting and other operational issues of the client. This provides us with a basis to offer suggestions to enhance a client's profitability and control over assets.

Review: A review is a financial statement service designed to provide limited assurance regarding the propriety of reported amounts. It consists principally of inquiries of management and comparison of current financial information with prior years and industry statistics.

Compilation: Preparation of financial statements based on information provided by management without verification.

Visit our set of Financial Calculators for quick answers on topics such as your IRA, investments, your child's college tuition, and your mortgage or credit card calculations.

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