Business Accounting, Taxation & Audit Services
Accounting & Taxation Services
The concepts of tax reform and "tax simplification" are often debated, but have yet to be achieved. If anything, taxes are getting more complicated. Tax laws - and the courts' interpretation of those laws - change almost daily. That's why at Dermody, Burke & Brown, we take a decidedly proactive approach to our tax practice. Our dedicated team of tax experts is constantly researching federal and state laws and how they apply to each of our client's unique situations. Ultimately, our goal is not just to ensure full compliance, but also to help our clients take advantage of any changes that will minimize their tax liabilities.
We realize that even for the most sophisticated businessperson, the "jargon" of tax law and finance can be confusing. To ensure that our clients thoroughly comprehend their choices, we take the time to explain everything in simple, plain language. And to give our clients the continuity they deserve, we assign a dedicated team to work with them, year after year. Our clients benefit from a DB&B team that truly knows their people, operations and business strategies. And this in-depth knowledge allows us to be a resource for our clients throughout the year, not just at tax time. For example, we have developed specialized expertise in a number of areas including family business, government and school districts, medical consulting and not-for-profits.
DB&B assists our clients throughout the entire business life cycle, from formation and choice of an appropriate entity, through expansions and acquisitions, to succession planning and planning for transitions and sales. And should an unusual issue arise, DB&B's affiliation with Allinial Global allows our team to tap into the wealth of experience of other top tax practices throughout the world. Our services include:
- Business Income Taxation
- Planning & Projections
- Income Tax Planning & Compliance (including business, individual, trust & estate)
- Representation before Federal & State Tax Agencies
- International Taxation
- Sales and Use Tax Compliance & Audits
- Multi-state Taxation
Audits, Reviews & Compilation Services
DB&B provides Audit, Reviews and Compilation services to a wide range of clients and industries. We bring more to these engagements than just accurate, timely and attentive service, as our professionals strive to provide valuable suggestions and recommendations throughout the year. DB&B uses a risk-based approach in performing attestation engagements, which leverages our knowledge of each client to determine the level of work to be performed in each significant area. Simply put, we focus our efforts and testing in areas with higher risk, resulting in more efficient engagements.
DB&B has taken a number of steps to ensure the continued strength of our accounting and audit organization and to develop innovative approaches:
Our educational programs are designed to provide appropriate education and training for all personnel, from partners to newly hired staff. Firm-wide coordination of these efforts ensures that all personnel attain the diversity of training hours to meet both American Institute of Certified Public Accountants (AICPA) and state requirements. Furthermore, the staff involved in both governmental and not-for-profit audits receives specialized training in accounting and auditing as required by Governmental Auditing Standards.
Independent Technical Review
DB&B has pioneered a program in which each engagement is subject to an independent technical review prior to the issuance of any report. The Firm devised this "internal control" approach to ensure compliance with professional standards, firm quality controls, and other technical requirements specific to each engagement.