Client Services
Our firm offers a wide range of services to our individual and business clients. Being a relatively small firm, we are able to offer our clients personalized quality service. Below, we have listed the services that we offer to our clients along with a brief description.
As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed.
Tax Services
Tax Planning & Preparation
Hienz & Macaluso's tax planning experts can help minimize your personal and business tax liabilities and protect your assets from the overpayment of taxes.
Our support does not end once your return is filed. In the event your personal or business return is selected for audit by federal or state taxing authorities, we stand by you to ensure your position is represented and the best possible result is negotiated.
Whether you are an individual or a multi-tiered partnership, Hienz & Macaluso can develop tax strategies that take advantage of new tax laws and legislation that work for you.
Business Tax Planning
Your business taxes deserve more than an accountant crunching numbers for the requisite forms at tax time. Hienz & Macaluso offers a broad range of tax planning solutions for most any size business or organization. We provide consultation and advice to your business throughout any phase of its lifecycle.
Our considerations include:
- Business entity and appropriate capitalization
- The structure of business acquisitions and dispositions
- Taxable and tax free mergers, spinoffs, distributions, and intercompany sales
- Liquidation and dissolution of business enterprises
- Specialized accounting and inventory identification methods, passive loss activities, and consolidated return items
Business Tax Preparation
Hienz & Macaluso tax professionals constantly monitor changes and prospective changes to the tax code. We serve hundreds of estates, trusts, partnerships, nonprofit, and retirement plans. Our emphasis is on planning. The sooner you know what the rules are, the more effectively you can avoid potential tax problems, minimize taxes, and maximize investment return.
Our services include:
- State intangible property tax returns
- Quarterly and annual payroll tax returns
- Quarterly and annual unemployment compensation returns
- Preparation of electronic sales tax returns and payments
- Federal income tax returns for all business forms
- Catch-up of monthly bank reconciliations
- Preparation of W-2s and 1099s for employees and vendors
- End of year "cleanup" of books for tax time
Individual Tax Planning
There is great value in providing ongoing strategies for holding onto as many of your financial resources as possible. Hienz & Macaluso offer a full compliment of tax-planning and consulting services designed to help you meet your personal financial objectives.
Our services include:
- Federal, state, and local tax return preparation
- Monitoring your tax position throughout the year to avoid costly penalties and interest
- Strategies to minimize taxes, such as charitable giving, education planning, and retirement planning
IRS Representation
Hienz & Macaluso's years of experience dealing with many taxing authorities has given us a level of competence that will ensure you are properly represented before any federal or state tax agencies. In many cases, we will be able to handle the problem as your representative, so you will not ever have to meet with an agent yourself.
Our services include:
- Expedition of the audit process through expert direction and guidance
- Accurate determination of the specific focus of the tax inquiry
- Assistance in compiling needed data or documentation
- Representation with the presentation of documentation and data to the IRS
Accounting Services
Bookkeeping/Write-Up
Meaningful, well-organized financial records ensure that business operations run efficiently on a daily basis. Hienz & Macaluso will get your books in order, and keep them that way, by handling bookkeeping tasks on a monthly, quarterly, or annual basis.
Our services include:
- e-accounting
- Monthly bookkeeping
- Controllership
- Invoicing and collections
- Bill payment
- Financial statements
- Payroll and payroll tax assistance
- Account reconciliation
- Audits, review, and compilation services
- Tax compliance
Sales Tax Services
With the complex sales tax rules, many business owners find themselves paying too much in sales tax. Because increasing your profit is our ultimate goal, Hienz & Macaluso will save you money in taxes relating to your sales by implementing planning strategies to assure you are in compliance, but not overpaying your taxes.
Our services include:
- Dispute resolution such as audit defense and appeals
- Reverse audits
- Nexus reviews and voluntary disclosure agreements
- Percentage use tax reporting agreements
- Special entity and restructuring tax planning
- Automated compliance solutions and compliance reviews
- Sales and use tax training
- Cost segregation studies
Consulting Services
Management Advisory Services
Changes in the economy, your industry and your business can affect your company, especially if they happen without preparation or time for adjustment. We help ease such changes and transitions.
Hienz & Macaluso offers a comprehensive range of advisory and consulting services that address numerous aspects of business operations – from policy reviews and management staff procedures to corporate reorganizations.
Our services include:
- Business planning and consulting
- Cash flow management
- Corporate reorganizations
- Governmental accounting and consulting
- Agreed-upon procedures and attestation engagements
- Property management-related services
Business Entity Selection
Choosing the form of entity of your business is a crucial decision that can have long standing tax implications, positive or negative. Hienz & Macaluso 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:
- Sole Proprietorship- all tax consequences fall to the one proprietor, including all liabilities, debts, profits, and losses.
- Partnership- income, losses, credits, and certain deductions are passed along to the partners' tax situation.
- Corporation- a separate, legal entity formed through a state charter using articles of incorporation. There are two main types: Regular ("C") or Subchapter S ("S").
- Limited Liability Company (LLC)- affords the partners some degree of limited liability protection, yet it still acts like a regular partnership.
Accounting Software Selection
With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting one that is right for you has become increasingly difficult. As accounting professionals, we are exposed to most programs through trade journals and actual use. Hienz & Macaluso can help you choose and implement the system that best fits your needs.
Our services include:
- Discovery and needs analysis
- Vendor selection
- Software and computer platform purchase
Accounting Software Selection & Implementation
With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting one that is right for you has become increasingly difficult. As accounting professionals, we are exposed to most programs through trade journals and actual use. Our experienced staff can help you choose and implement the system that best fits your needs.
Business & Management Consulting
Hienz & Macaluso makes a measurable difference through needs assessment, listening to your concerns, and helping your team make and take ownership of long-term decisions.
Our consulting group has saved clients money and effort, producing excellent results at a cost below that which a “do-it-yourself” approach really costs. Your team benefits from our independent point-of-view, our expertise, and your ability to “buy time” – to get the job done, on-time, on-schedule, and on-budget.