Services

We guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Tom's accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, and investments.

These services include but are not limited to:

• General ledger preparation
• Bookkeeping (Monthly, quarterly, or annual)
• Accounting system setup and support
• Payroll processing
• Cash flow budgeting and forecasting
• Corporate tax planning and return preparation

QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.

Thomas P Gogarty CPA offers the following solutions to help meet your QuickBooks needs:

Personal Training

We train you personally! Either one-on-one or several individuals within your organization at your company's location.

Installation

We install QuickBooks on your stand alone computer.

Setup

We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.

Support

Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.

Analysis

Our QuickBooks analysis service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to analyze your transactions, accounts and reports. This analysis ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or re-classifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Analysis may be conducted at any time, but monthly analysis provides you with up-to-date information and feedback about your business.

Thomas Gogarty has extensive, specialized experience in government contracting will help you grow your government contracts business by making your accounting system government contract compliant, in turn allowing you to calculate indirect rates and prepare contract bids that are profitable.

We will assist in your Government DCAA Compliant Accounting System: Proper segregation, identification and accumulation of direct costs by contract and indirect costs, accumulation of costs under general ledger control, and time keeping system to properly distribute labor costs to calculate indirect rates.

Visit our Links page for a link to the DCAA Accounting System Evaluation Checklist.

WEBINARS

Is Your QuickBooks Configured to be DCAA Compliant?

Accounting Training & Support for Government Contractors

• Do you need a DCAA Compliant Accounting System?
• Do you want to continue using QuickBooks?
• Do you want to learn more about Federal Contract Cost Accounting?

This webinar applies the fundamental cost accounting principles imposed by the Federal Acquisition Regulation (FAR) Part 31 on commercial organizations to QuickBooks. We demonstrate how QuickBooks should be configured to accommodate these cost principles so as to pass a DCAA Accounting System Review. Topics will include:

• Checklist used by DCAA in conducting Accounting System Reviews
• Organizing the Chart of Accounts into Direct, Indirect and Unallowable Cost Pools
• Job Costing Accounting
• Organizing the Service Items List into Labor Categories
• Timekeeping and Labor Distribution
• Creating a Customized Report for Labor Distribution
• Fully Loaded Job Cost Reporting
• Computing Indirect Rates and Indirect Cost Allocation
• Unallowable Costs

This webinar goes beyond the limits of QuickBooks, however, because QuickBooks by itself cannot handle some of the required elements necessary for a compliant system. Consequently, we will discuss policies and procedures related to topics such as indirect cost allocation, time keeping, and allowability of costs. We will also show alternative ways how indirect rates can be computed and indirect costs can be allocated to final cost objectives using Excel spreadsheets.

Visit the "Contact" page to connect with me for Webinar dates.

Having recently received the Certified Exit Planning Advisor (CEPA) designation, Tom facilitates the preparation for the exit of an entrepreneur from his company to maximize the enterprise value of the business for mergers and acquisitions.

We focus on building close client relationships that add long-term value. This includes assuring the solidity of financial records, evaluating financial procedures and working to produce strategies that help our clients face the myriad challenges of business planning and execution. Our clients benefit from objective analysis to assist in controlling costs, increasing efficiency, and implementing new technologies and procedures that take advantage of changes in the marketplace, accounting standards, and tax law. Our assurance services will improve information quality or its context, meaning more success for your business.

These services include but are not limited to:

• Entity selection and restructuring
• Accounting software selection, implementation, and support
• Business valuations
• Financial projections and forecasts
• Debt and finances advising
• Mergers and acquisitions
• Transaction structuring and negotiations
• Business succession

Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Tom can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.

The range of needs for valuing businesses continues to widen, and Tom Gogarty can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest. Uses for this service include estate planning and compliance, buying and selling businesses, family limited partnerships and ESOPs. There are so many factors that contribute to the perceived value of a business. We can help you evaluate entities that you have an interest in and guide you towards making business decisions that you feel confident with.

Enjoy the convenience of communicating easily and efficiently with your CPA, regardless of location. Tom has developed tools to allow for quick electronic informational sharing, making your financial experience a seamless one.

Tom Gogarty assists in the work paper preparation for the financial statement services that comprise of all three levels of assurance depending on your company’s needs..

Audits

Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions. We perform audits for you to remove errors, ascertaining the validity and reliability of your information.

Reviews

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. We perform reviews to ensure the integrity of your data.

Compilations

Compilations are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.