At Donn T. Seger, CPA, the careful management of your finances is our top priority. We pride ourselves on giving you personalized and thorough service that meets your business or individual needs.
We provide a full range of tax and accounting services for our clients and offer consulting services for special needs.
At Donn T. Seger, CPA, we assist our tax clients through efficient compliance and effective planning to help them realize substantial savings. We use a team approach and focus on timely communication to provide our clients with excellent service. Involvement by our experienced CPAs ensures that our clients receive the most experienced technical expertise we have to offer.
We offer the following tax services:
Federal, State, and International Business Tax Services
Tax Return Compliance
Preparation of federal, state and international tax returns is the core of our tax services. High levels of technical and industry specific expertise allow our tax professionals to ensure our clients’ tax returns are prepared efficiently and timely.
Organizational and Transactional Structuring
We help businesses in the development stage decide what business structue would work best. We also can assist to structure economic transactions in ways that minimize the tax impact by advising them on acquisitions, sales and mergers.
Accounting Method Reviews
We review businesses’ tax accounting methodologies for proper tax and accounting strategies to maximize income tax benefits.
Audit & Appeal Representation
We possess the expertise and experience to represent taxpayers before tax authorities. Our tax professionals understand the dispute resolution and appeals process and work diligently to obtain you the most favorable results.
International Tax Assistance
Business is becoming increasingly international. More companies than ever deal with foreign tax issues at some level and this will only increase with continued globalization. At Donn T. Seger, CPA, we can help you navigate the complexities of a variety of international tax planning issues.
State and Local Tax Specific Services
Nexus Consulting and State Tax Liability Analysis
We can help you understand and navigate when and where your business is required to file and pay state and local taxes based on multistate activities. Additionally, we will make recommendations of where to file and quantify potential tax liabilities associated with various state and local jurisdictions.
Sales and Use Tax Determination
We can assist you in understanding the sales and use tax consequences of specific transactions and ensure you meet any filing requirements.
Tax Planning Services
Federal Income Tax Planning
We aid businesses with all aspects of federal income tax planning. This includes implementing federal income tax strategies that maximize savings, increase profits, and manage cash flows.
State and Local Tax Planning
Our team understands the structural and transactional underpinnings of state and local regulations in ways that allow us to create solutions that mitigate tax liabilities. We provide state and local tax planning in the following areas:
- Income tax
- Franchise tax
- Sales and use tax
- Property tax
- Other miscellaneous taxes
Business Succession Tax Planning
You spent your life building your business and now you want to pass it on to the next generation or sell what you have built. We advise businesses on proper succession planning that will preserve your family and business legacy while also looking out for potential tax consequences that may occur.
Other Tax Services
Accounting for Income Taxes
Financial accounting for income taxes can be complex. Our professionals have the technical skills and experience to help our clients navigate through these complicated requirements and create efficient income tax accounting and reporting. We also help companies stay up-to-date with regulatory guidance and disclosure requirements. The services we offer allow our clients to minimize year-end surprises and reduce risks related to reporting. These services include:
- Calculation of tax provisions
- Accounting for uncertain tax positions
- Analysis of current and deferred taxes
- Preparation of financial statement footnote disclosures
We keep our clients up-to-date on the latest federal, state and international tax issues through webinars, newsletters, website postings and face-face to meetings. By anticipating potential tax issues, we can communicate how they will impact you operations quickly and address them in a timely manner.
Individual Tax Services
When it comes to individual taxes, change provides opportunity. We keep on top of these changes to provide you with the best advice and strategies, especially through planning activities. You can depend on us for objective guidance and personal attention. We believe in focusing on your long-term financial goals and steering you in a direction that will allow you to meet them.
Estate and Trust Tax Services
If you have not considered what will happen to your hard-earned assets as you age and eventually pass on, you should. Without an estate plan, the wealth you worked your entire life to build will be distributed according to state law and not according to your wishes. Estate planning is crucial if you want to minimize taxes and distribute as much as possible to your preferred beneficiaries.
We will work with you and your estate planning attorney(s) to design an estate plan customized to your particular needs by utilizing a variety of planning vehicles such as family limited partnerships, trusts, and charitable entities. Our team can assist you by performing the following:
- Reviewing wills and trust instruments.
- Estimating estate taxes and strategize alternatives that may provide tax savings.
- Reviewing business issues including valuation and the transfer and/or disposition of business interests.
- Identifing potential liquidity problems caused by federal and state estate taxes for the continued operation of the family business, probate, administration costs, etc.
- Developing a lifetime gifting program using vehicles such as family limited partnerships, charitable trusts and qualified personal residence trusts.
- Preparing estate, gift, fiduciary, and non-profit tax returns.
- Advising you on the possible use of various trusts structures; including charitable remainder trusts, grantor annuity trusts, personal residence trusts, family partnerships, credit shelter trusts, marital deduction trusts, and revocable lifetime trusts.
Not-for-Profit Tax Services
The applicable tax filings for a not-for-profit organization can be cumbersome. Our professionals will keep you up to date on changes to the tax code an assist in making sure your organization is compliant in all aspects of your tax filing requirements including unrelated business income tax.
Employee Benefit Plan Tax Services
Employee Benefit Plan tax filings are reviewed by various agencies within the federal government and are probably the most scrutinized of all tax filings. Therefore, our staff will be there to make sure your employee benefit plan tax filings meet the requirements of all the agencies by which they will be examined.
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Donn T. Seger, CPA, provides compilation, review, and auditing services to local governments, government authorites, not-for-profit and privately held companies. As a result, we can focus on what really matters to you and your government or business.
Audits are usually performed because an outside third party requires an auditor’s opinion on the financial statements. Audits are performed for the purpose of expressing an opinion about whether the financial statements are fairly presented and that they conform with generally accepted accounting principles or another financial reporting framework.
Audits are the most comprehensive of all the attest services. Auditing procedures include testing accounting records and examining evidence supporting the amounts and disclosures in the financial statements. Evidence is obtained through inquiries, analytical procedures, physical inspection, observation, and independent confirmation. Additionally, audits require an understanding of the entity and its internal controls.
There are certain assurances that audits are not designed to provide. An audit does not provide assurance on or aim to identify deficiencies in internal controls. The work performed as part of an audit does give us an understanding of how your company and its financial reporting function. This means we may be able to identify issues related to internal controls, processes, inefficiencies, and cash flow problems, as well as company and industry trends. As a result, the work performed during an audit may allow us to provide you with general business advice based on the insights gained during the engagement.
Reviews are usually performed to satisfy third parties that want to be assured that the financial statements are not materially misstated. They provide a lesser degree of assurance to financial statement users than an audit. Also, unlike an audit, there is no expression of an opinion on the financial statements, testing of controls, or financial data. Reviews essentially consist of inquiries of company personnel and analytical procedures applied to financial data.
Compilations provide the lowest level of assurance of the financial statements services. They are often required by outside third parties, as well as internally by companies.
In a compilation, we assist management in presenting their financial information as financial statements in the proper form. Compilations also require us to acquire an understanding of the client’s industry and to obtain specific knowledge about the client. Additionally, we read the financial statements and ensure they are free from obvious material errors. They provide no expression of an opinion on the financial statements.
Agreed Upon Procedures
Agreed upon procedures are performed when the parties involved concur that they want the accountant to perform a specific procedure or set of procedures. They can be useful when you or a third party wants some comfort about a specific area such as inventory or cash, but do not need the assurance and related time and expense of a full audit or review. Agreed upon procedures can deal with a diverse variety of subject matter such as the quality of collateral or due diligence related to a business acquisition. In all cases, agreed upon procedures are solely the responsibility of the parties who specify them and they never provide an opinion on the subject matter or financial statements.
Visit our set of Financial Calculators for quick answers on topics such as your IRA, investments, your child's college tuition, and your mortgage or credit card calculations.
At Donn T. Seger, CPA, our business is to know and understand your financial situation. We offer services beyond compliance and combine our experience, expertise, and knowledge to add value as a trusted advisor to your financial situation.
We offer the following consulting services:
Each organization can benefit from being introspective, skeptical, and analytical regarding its finances. We work with organizations to develop the predictive capabilities necessary to adapt to rapid changes and outperform their peers. Specifically, we can help you to:
- Choose the best accounting software for your business and setup the software for your use.
- Enhance cash management through working capital optimization and better capital allocation.
- Improve finance operations by focusing on operational effectiveness, financial analytics, and budgeting and forecasting.
- Enable efficient regulatory compliance.
Business valuations enable you to accurately determine the value of a business and its components. It is essential that you know what a business is worth whether you are buying, selling, involved in litigation, or planning your estate. We work with other accountants comprised of Certified Valuation Analysts (CVA), Accredited Senior Appraisers (ASA), and accountants Accredited in Business Valuation (ABV). Additionally, they are experienced in testifying in both Federal and State courts. Below is a complete list of business valuation services they provide:
- Marital dissolution
- Partner or shareholder dissolution
- Economic damages or bankruptcy
- Purchase price allocation
- Asset impairment testing
- Intellectual property valuations
- Buy and sell agreements
- Purchases or sale of a business
- General business planning
Check out our Newsletter for the latest article on Financial Planning.