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Services

JFL services are provided mainly to business owners, investors, not for profits. Taking care of financial and tax requirements while at the same time providing benefit to owners and managers is the two-pronged goal for just about everything we do. We strive for big service but also in an understated way, using efficient organizers and programs that assist the process.

John F. Lynch, PC, CPA (JFL) provides an extensive range of services to individuals and businesses in various industries. At JFL, the focus is on each client’s specific objectives and requirements. Planning for the future, aiming for specific goals, obtaining assistance in navigating the financial and regulatory environment; these matters are oftentimes best combined with ongoing services for tax returns and financial reporting. Our professional services include:

Our professional services include:


Tax Management Services

Tax planning and tax preparation strategies that minimize your tax liability maximize your cash flow and keep a focus on your financial goals. Opportunities generally can be found in existing as well as recently changed tax laws. You want experienced, receptive involvement as well as consideration for your particular financial picture.

Accounting Services

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. John F. Lynch, P.C., CPA'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, investments, and employee benefit and profit-sharing plans.

These services include but are not limited to:

  • General ledger and financial statement preparation
  • Accounting system setup and support
  • Employee benefit and profit-sharing plans
  • Corporate tax planning and return preparation
  • Litigation support

JFL primarily assists its clients in establishing their own accounting systems to provide necessary information. We can process bookkeeping reports and provide you with starting balance sheets or help in transitions to get you to where you want to be.

Assurance and Advisory Services

At JFL the focus is on building long-term consistent productive service. This is achieved by assisting in your having solid financial records, financial procedures to accomplish the requirements that you have, either for managing your business, bank financing stipulations, or purchases and sales of businesses or other business concerns.

These services include but are not limited to:

  • Reviews and compilations
  • Entity selection and restructuring
  • Mergers and acquisitions
  • Transaction structuring and negotiations
  • Business succession

Reviews and Compilation

Usually reviews are required for lender reporting primarily banks or by corporate bylaws for management purposes. Compilations can be for internal reporting and management use only or can also oftentimes meet lender requirements. JFL can provide the one you need.

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.

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.

Financial and Retirement Planning

The goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. JFL does not offer comprehensive financial planning but typically works with other advisors who specialize in investments. We alert you to opportunities for retirement funding from your business or other earned income. Also we discuss estate and business succession planning.

Entity Selection and Restructuring

You generally have choices of which specific form of business you operate under. The exact business entity has a big impact on your taxes and other liabilities. From your company's inception through its growth and development, JFL advises you about the different entity options you have and the benefits or pitfalls of each. This is a joint discussion for us to pursue because your objectives for now and the future all play a role in this decision.

Employee Benefits, Pension, and Profit-Sharing Plans

JFL alerts you to tax-saving opportunities with these plans. While we don’t personally establish or administer these plans we can help you find the right administrator and the right plan for you as well as assist in choosing setup parameters and reporting. Generally more comprehensive plans are done as part of a team including another retirement plan advisor specializing in the type of plan that will work toward your personal objectives.

Mergers, Acquisitions, and Sales

Business transactions and transitions can often be more complicated than expected due to reporting and tax requirements. It is always a good idea to examine your options when entering into these, though time can be an issue to getting these done. JFL advises business owners about favorable tax structures, financial and cash flow impact, and other factors such as obtaining credit.


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