At Ruotolo, Spewak & Co., we take pride in providing our clients with high quality accounting services personalized for their unique needs. We are available Monday to Friday, 9am-5pm to assist you. We are closed on Friday’s during the Summer. Our staff members are professional, courteous and efficient. We provide a variety of services including:
Performing audits is one of our largest practice areas. We audit a diverse group of clients with a concentration in the not-for-profit sector. In addition, we have specializations in affordable housing projects and condominium associations. An audit involves procedures such as obtaining confirmation from outside parties, observing inventories, reviewing internal controls, and testing selected transactions by examining supporting documents. An audit provides the highest level of assurance that the financial statements are presented fairly in conformity with accounting principles generally accepted in the United States of America and are free of material misstatements. An audit is appropriate for entities that must offer a higher level of assurance to management and third parties.
We have several years of experience providing services to not-for-profit clients as independent auditors. During this time, we have become skilled with the regulatory environment, as well as with specific economic and financial developments affecting the not-for-profit sector. These organizations operate under specialized accounting rules and have unique operational concerns. Our sizeable not-for-profit client base provides our professional staff with significant experience in these areas.
The firm’s experience includes audits under OMB Circular A-133 (Audits of States, Local Governments, and Non-Profit Organizations); and audits required by governmental agencies, such as the U.S. Department of Housing and Urban Development. Please see our latest peer review and State Board of Accountancy acceptance for your review.
Review & Compilation Services
Our firm provides professional compilation and review services to businesses of all sizes. We assist in preparing financial statements in accordance with accounting principles generally accepted in the United States of America for use by banks, investors, and other third parties. Our firm also prepares tailor-made financial analyses that can help business owners and managers eliminate inefficiency and realize a business’ full profit potential.
An organization may engage our firm to perform a review of its financial statements. A review involves analytical inquiry and procedures applied to financial statements provided by management. A review provides limited assurances that material changes to the financial statements are not necessary in order for them to be presented fairly. A review may be appropriate for entities that must report their financial position to third parties, such as creditors or regulatory agencies. Reviewed financial statements may also be useful for business owners who are not actively involved in managing their companies. This service is performed on an annual and/or interim basis.
Even though it carries no degree of assurance, a compilation entails the transformation of raw financial information into an organized financial statement. Through compilation services, our firm may prepare monthly, quarterly or annual financial statements. A compilation is limited to presenting, in the form of financial statements, information that is provided by the entity’s management. A compilation is useful for smaller privately held companies that need help in preparing their financial statements, elect to omit footnote disclosures, or whose primary use is to make operating decisions.
We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool in helping management make financial decisions.
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis.
Our firm offers a full range of tax planning and compliance services. We will work with you, year-round if necessary, in order to minimize your total tax burden. Our firm also prepares all federal, state and local tax returns for individuals and businesses.
We take a proactive rather than reactive approach to tax services. Tax issues affect virtually every business or personal financial decision. We strive to minimize your exposure and to resolve potential tax issues before they become tax problems. We work closely with clients to ensure that tax returns are prepared accurately and timely.
Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a business owner, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation and minimize both your current and future tax liabilities.
We are well versed in many areas of the financial spectrum. We are always available to assist in any situation that may arise. Our aim is to be personal advisors to our clients.
We gauge our worth by the personal and business successes of our clients. We can help you identify areas that negatively affect profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive flexible strategies that address the issues affecting your business.
We provide customized on-site QuickBooks consulting services or training designed to meet your specific needs. We have Certified Public Accountants and Quickbooks Pro Advisors on staff, which are uniquely qualified to provide accounting software assistance.
A QuickBooks specialist will come to your location and discuss your financial requirements. Based on these discussions, we will help you with installation, setup, training, exporting to spreadsheet files, internal control recommendations, and other aspects of the program that will benefit you. The specialist can also provide assistance in reorganizing your existing QuickBooks accounting system to improve the effectiveness and efficiency of management information it provides. We give advice on program features useful for your business, create custom reports based on your specific needs, and even revamp office procedures to maximize efficiency.
The goal is to develop an efficient and effective administrative and accounting system that will produce valuable management information to allow better business decisions.
If you have any question concerning prices, please don’t hesitate to contact us. Our friendly customer service staff will help find the best solutions for you.