Our Financial Services

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We offer tax filing services for a number of entities: 

• Individuals
• Partnerships
• Corporations
• Estates
• Non-Profit/Exempt Organizations
• Fiduciary

The preparation of financial statements involves the process of aggregating accounting information into a standardized set of financials. The completed financial statements are then distributed to lenders, creditors, and investors, who use them to evaluate the performance, liquidity, and cash flows of a business.

Nonprofit accounting refers to the unique system of recordation and reporting that is applied to the business transactions engaged in by a nonprofit organization. A nonprofit entity is one that has no ownership interests, has an operating purpose other than to earn a profit, and which receives significant contributions from third parties that do not expect to receive a return

A review provides limited assurance on an organization’s financial statements.  During a review, inquiries and analytical procedures present a reasonable basis for expressing limited assurance that no material modifications to the financial statements are necessary; they are  in conformity with generally accepted accounting principles.

An audit provides the highest level of assurance on an organization’s financial statements.  An audit provides assurance that an organization’s financial statements are free of material misstatement and are fairly presented based upon the application of generally accepted accounting principles.

Bookkeeping tasks include the recordation of supplier invoices and cash receipts, and the preparation of customer invoices and the processing of payroll. The term may also be applied to a number of operational tasks, such as paying supplier invoices, remitting sales taxes, and preparing government reports.

Our payroll services can prepare all IRS and NYS employment tax filings. The service will also mail out W-2 and 1099 forms and resolve any inquiries from the IRS or other government agency.

Estate planning and retirement planning are closely related, and for this reason many people mistakenly believe that they are the one and the same, but it is important to remember that there are differences between them. Retirement planning relates to the time you will have after reaching a certain age and exiting the work force. Estate planning, on the other hand, relates to a time that you either become incapacitated or die. Retirement planning is broader and should include a comprehensive estate plan.

Walquist & Renodin offers free consulting services for any accounting/planning needs you or your business might require.