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Services

Teaman, Ramirez & Smith, Inc provides a wide range of services to individuals, businesses, governments and non-profits in a variety of industries. We strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.  Much of our work is done using cloud computing including the use of portals to transfer reports and documents.  This allows us to serve clients in our area as well as all across the country.

Our professional services include:


Tax Management Services

At Teaman, Ramirez & Smith, Inc, 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. We can assist you with your individual, trust, estate, partnership, LLC, corporation (C and S), gift, pension or non-profit returns.

Estate and Trust Planning and Tax Preparation

Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Teaman, Ramirez & Smith, Inc's role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well-thought-out plan as to how to distribute the assets left in one's estate so as to avoid complications and to be sure that the individual’s wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don't have any complications to deal with during a time of loss.

IRS Representation

Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.

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. Teaman, Ramirez & Smith, Inc'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
  • Bookkeeping (Monthly, quarterly, or annual)
  • Accounting system setup and support
  • Payroll processing
  • Cash flow budgeting and forecasting
  • Personal financial statements
  • Employee benefit and profit-sharing plans
  • Corporate tax planning and return preparation
  • Litigation support

Assurance and Advisory Services

At Teaman, Ramirez & Smith, Inc, 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:

  • Audits, reviews, and compilations
  • 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

Audits, Reviews, and Compilation

Teaman, Ramirez & Smith, Inc's financial statement services comprise 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.

Government and Non-profit Engagements

We do accounting, auditing and consulting work in two specialty areas, Governments and Non-profits, as follows:

Governments:

We have specialized in providing audit and consulting services to governmental agencies in excess of eighty years. We are committed to providing the highest level of personalized service and attention to each client.

Financial and Compliance Audits:

TRS provides audit services to cities, special districts and other governments, including single audits in accordance with federal requirements. We maintain an up-to-date knowledge of governmental accounting and auditing issues through involvement in various organizations, such as the Governmental Accounting and Auditing Committee of the CalCPA, the Government Finance Officers Association and the California Society of Municipal Finance Officers.

We take a proactive approach to our audits and assist our clients in planning and seeking our opportunities to improve overall efficiency control. The audit partners are working partners and are significantly involved in the audits. They believe the most important service that can be rendered is to be available at all times during the year to address any needs of the clients. Many of our government clients receive awards for their financial statements under the CSMFO and/or GFOA award programs. All of our clients' attempts for these awards have been successful.

Government Consulting:

Our long history of serving governments has given us extensive knowledge of governments' operations and the unique issues they face. We provide a wide variety of consulting services to our clients. Examples include providing full-time or part-time interim accounting personnel, preparation of State Controller's Reports, assistance with year-end closing, assistance with development of policies and procedures, internal control review, special compliance audits relating to business license taxes and transient occupancy taxes, assisting with payroll tax related matters and the implementation of new accounting standards.

Non-Profit Organizations:

TRS provides a full range of services to non-profits, including financial and compliance audits, preparation of federal and state returns, accounting assistance and other consulting services.

Financial and Compliance Audits:

We provide audit services to a wide variety of non-profit organizations, including single audits in accordance with federal requirements. We dedicate significant time and resources to training and updating our professional staff in the unique accounting, auditing, compliance and tax related issues relating to non-profits.

Consulting Services:

Our extensive experience auditing non-profit organizations has enabled the firm to expand its consulting services to non-profits. We understand that most non-profits are operating in an environment of limited and restricted resources, and are committed to helping them develop and maintain a high level of efficiency and accountability, at affordable rates.

We tailor our services to meet the specific needs of each client. Examples of our consulting services include, but not limited to providing all levels of accounting staff, developing and maintaining accounting records, helping clients automate accounting procedures, computer technology services, internal control reviews, developing internal policies and procedures and preparation of federal and state returns, to name a few.

Bookkeeping/Write-up

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

QuickBooks Accounting Assistance and Training

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.

Teaman, Ramirez & Smith, Inc 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 or in a network environment, in either single- or multi-user mode.

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.

Review

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

Payroll Services

Teaman, Ramirez & Smith, Inc's payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.

Litigation Support and Forensic Accounting

Teaman, Ramirez & Smith, Inc litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, business valuations, business and marital dissolutions, and bankruptcies. These services can involve quantification of economic loss or damages, analysis of financial records, and fraud and theft investigation. Financial and personal records are often vast and confusing to sort through. With our professional training in this matter, we can make sense of these records and transactions and get to your bottom line.

Cash Flow and Budgeting Analysis

Good cash management can improve a company's liquidity, reduce costs, and increase profitability. TRS can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.

Debt and Finance Advising

Whether your needs are corporate or personal, Teaman, Ramirez & Smith, Inc's professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments and/or reduce the total amount of interest paid. Re-balancing your debts can also result in tax deduction savings. Even if you are able to handle the payments and the amounts of your current debts, our expertise may be able to save you money and/or lower your payments.

Entity Selection and Restructuring

Your business entity has a large impact on your taxes and other liabilities. From your business's inception through its growth and development, Teaman, Ramirez & Smith, Inc can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

Political Campaign Reporting

We provide campaign bookkeeping and reporting services for local, State and National campaigns. In many cases this includes obtaining an employer ID number, initial filings and registrations, establishment of bank accounts, receipting and deposits of contributions, disbursements for bills and expenses, bank reconciliations, filing appropriate campaign reports, filing of tax returns as required and filing of informational returns such as 1099's or W-2's as necessary.

Employee Benefits, Pension, and Profit-Sharing Plans

Choosing benefit plans for your employees is often a complex process. Teaman, Ramirez & Smith, Inc can help you develop and implement your benefit, retirement, and profit-sharing plans with an eye toward rewarding your employees and reaching your company's financial and business goals. We can also help maximize tax advantages in implementing these plans. As your business grows, your business and your employees will be rewarded for the hard work that contributed to the success of your business.

Financial Projections and Forecasts

No one can predict the future perfectly, but we can all benefit from planning for it. Teaman, Ramirez & Smith, Inc combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models.


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