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Certified
Public Accountants 501 Canal Boulevard, Thibodaux, LA 70301 |
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The CPA. Never Underestimate The Value. SM |
| For more information, contact us via e-mail or phone at (985) 447-8507 |
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Industries & Professions Served
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Before we began any service, we find out what your objective is. Why do you need the service? What do you want us to accomplish?
You want more than a tax return, you want lower taxes! You want more than financial statements, you want to get a loan, or satisfy a lending institution, a surety company, or the government! You want more than business advise, you want more profit!
This is how we guarantee to meet your needs!
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The following list only includes those services most frequently requested. Feel free to contact us about any business related service, even if it is not on this page. Over the years we have cultivated business relationships with many trusted professional such as attorneys, bankers, investment brokers, insurance agents and other experts. If we do not provide a service you need, we can help you find someone who does.
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Accounting, Bookkeeping and Data Processing
Profitable business decisions are made easier when you have timely, reliable information that is presented in an understandable format. We can provide this service, as well as insure that various government filing requirements are complied with. We also provide financial reporting for a host of other reasons.Tax Services
Why pay more taxes than you are legally required to pay? Our tax services are designed to do more than simply prepare tax returns. We focus on applying tax strategies that work. From entity selection and accounting methods, to the numerous tax credits available, we stay alert to any means of legally reducing your taxes. We also have an excellent track record in representing clients in IRS and other compliance audits.Audits, Reviews, and Compilations
Financial
statements are often requested by banks, surety companies, government
agencies (state and federal), and other outside users.
While preparing financial reports, we become familiar with your
organization. We can then
provide constructive ideas for maximizing your company's profitability and
efficiency. We can
provide Audits, Reviews and Compilations for:
Government and Non-Profit
T.S. Kearns & Co., CPA has helped many governments and non-profits comply with legal requirements and maintain an efficient accounting system. About 80% of our firm’s clients are private for-profit businesses. We are trained to think in terms of efficiency and profitability. Most governments and non-profits want to operate more like a business. If this is what you want for your organization, our CPA firm can give you an advantage. We’ve fixed some pretty big accounting and auditing problems for our clients. That’s why our government and non-profit clients have continued to do business with us for many years. Consulting & Other Services
Our firm is very interested in your success. We can help you discover and capitalize on opportunities for increased profits that may have been overlooked in the past. Tim Kearns is one of the few local CPAs who also has a Master’s degree in Business Administration. T.S. Kearns & Co. has years of experience participating in sound business decisions, and solving complex business problems that are similar, if not the same, as those you are encountering. We can also serve as your trusted advisor when dealing with bankers, attorneys, investment brokers, insurance experts, and others. ************************************************************************Bookkeeping
Basic bookkeeping services to small business is essential to provide accurate information for good business decisions and to comply with various government filing requirements. We use computer software to record all transactions in a general ledger and prepare financial statements. Bookkeeping services also include preparing sales tax returns, payroll tax returns, income tax returns, and all government filings.
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Payroll
Services
Our firm provides all accounting services related to payroll:
v
Design a system to
help you efficiently prepare payroll checks and related payroll tax
returns. v Prepare payroll tax returns using your payroll information. v Provide full payroll processing services. See Payroll, AP & AR Processing
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Let
us prepare a free analysis of how cost effective it is to outsource your
Payroll, Accounts Payable, Accounts Receivable, and/or other accounting
functions to T.S. Kearns & Co. For about the same price as Payroll
processing companies, our firm uses CPAs, accountants, and highly
qualified bookkeepers to insure accuracy.
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Our firm can either design a system to help you efficiently prepare sales tax returns or we can prepare the returns for you. We can assist you in getting the maximum credit for sales tax paid on purchases, recover sales tax on bad debt and NSF checks, and resolve other issues related to sales tax.
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We can prepare financial statements for management use and for use by outsiders, such as banks, surety companies, etc. We can also provide expanded financial data such as:.
v Multi-level financial statements that compare several different locations and/or time periods. v Informative ratios and graphs that help you find areas for improvement. v Cash flow statements to insure that your business generates as much cash as possible.
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Financial
Forecasts & Projections
Our
firm has extensive experience in preparing forecasts and projections for
many different uses, such as bank loans, strategic planning, etc. We can also create electronic spreadsheets designed to allow you to
introduce different “what if” scenarios.
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Cash Flow & Budgeting Analysis
We can design cash flow and budget reports to help you manage your cash more effectively, predict future income and expenses, and maximize profits.
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Accounting
department management
It's
often not cost effective to hire a full-time CPA for your business.
Outsource this responsibility to T.S. Kearns & Co. As your
accounting controller, we will manage your accounting department
efficiently and effectively. You only pay for the high level CPA services
your business needs. You pay no vacation, holidays, payroll taxes, etc.
Let us prepare a free analysis of how cost effective it is to
outsource your accounting department management.
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Often
personal financial statements are needed for financing, bonding,
retirement planning, etc. We
have the experience and knowledge to prepare these statements to present
an accurate picture of your financial position.
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QuickBooks
accounting software
T.S. Kearns & Co is one
of the few CPA firms chosen and trained by QuickBooks to be a Certified
Pro-Advisor. We have the
experience to provide various levels of service to your business.
v
System
installation and setup. v
Training. v
Ongoing
technical support and trouble shooting. v
System
management and monitoring. v
Upgrades. v
Adjusting
account balances.
Whatever your QuickBooks
needs, we can provide a cost effective service.
Back to Accounting, Bookkeeping, and Data Processing
T.S. Kearns & Co is one
of the few CPA firms chosen and trained by Peachtree to be an Account-Care
Partner. We have the
experience to provide various levels of service to your business.
v
System
installation and setup. v
Training. v
Ongoing
technical support and trouble shooting. v
System
management and monitoring. v
Upgrades. v
Adjusting
account balances.
Whatever your Peachtree
needs, we can provide a cost effective service.
Back to Accounting, Bookkeeping, and Data Processing
Throughout
our 16 years of helping clients, we have gained experience and knowledge
working with many different types of accounting software. We are probably
familiar with the software used in your company.
We believe that the only reason accounting software is difficult
for most people, including computer experts, is because they do not
understand the dynamics of accounting.
Because we have an expert understanding of accounting theory, we
have always been able to determine what the software is doing and how to
use it correctly.
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One key to avoiding an IRS or other compliance audit is to have a well prepared tax return. We understand the mathematical and accounting relationships between various sections of a tax return, and are able to alert you to potential errors. We have experience in preparing tax returns for the following purposes:
Our tax planning strategies can save you much more money than the fees we charge for the service. We keep up-to-date on all new tax laws and study innovative ways to use these laws to your advantage.
We
have an excellent track record in representing clients in IRS and other
compliance audits. The key to
success is to be prepared with the facts and the law. If you are selected for an IRS audit, you are under no legal
obligation to speak to the agent nor allow an IRS agent on your business
premises. Call us
immediately. We know how to
protect your interest.
There
are numerous federal tax credits available that add up to big dollars.
From WOTC jobs credits to disabled access credits, we can reduce your
taxes. Keep in mind that some
credits require that you file for them prior to hiring employees.
Call us for the details.
Louisiana
Enterprise Zone & other state tax incentives
T.S. Kearns & Co. is one of the top CPA firms in Louisiana on the subject of Louisiana tax incentives. We have recovered more taxes and rebates for our clients than any other local or regional CPA firm. Let us help you earn up to $2,500 of tax credits (sometimes $5,000) for every new employee hired. We can also help you recover all the sales taxes your business pays on building material and equipment for new expansion. Keep in mind that some credits and rebates require that you file for them prior to initiating business expansion and prior to hiring employees. Call us for the details.
An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements to obtain reasonable assurance
about whether they are free of material misstatement.
It provides the highest level of assurance.
T.S. Kearns & Co. has experience in many types of audits for
private companies, industry, local governments, non-profits, federal
grants, etc. We can prepare
reports necessary to comply with the requirements of stockholders, lending
institutions, bonding companies, the Louisiana Legislative Auditor, state
agencies, federal agencies, and others. Before you contract for an audit
or review, talk to us. We
can help you negotiate with the outside user (bank, surety company, etc.)
to possibly accept a review or compilation instead.
A review or compilation is less costly than an audit.
Back
to Audits, Reviews, and Compilations
A review is substantially less
in scope than an audit, and consists principally of inquires of company
personnel and analytical procedures applied to financial data. It provides a more limited level of assurance.
T.S. Kearns & Co. has experience in many types of
review audits for private companies, industry, non-profits, etc.
We can prepare reports necessary to comply with the requirements of
stockholders, lending institutions, bonding companies, and others.
Back to Audits, Reviews, and Compilations
A compilation involves preparing
financial statements based on information provided to us by the
company’s management. It
does not include testing the accuracy of the accounts.
However, when we perform a compilation, we read the information for
reasonableness. This is
important because an outside user will not have confidence in a
compilation if there are obvious errors in it.
If the financial data presented to us by the company appears to be
inaccurate, we will bring this to your attention and make the appropriate
adjustments to the data.
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We have
extensive experience in governmental auditing and accounting. Helping your
organization comply with grant and governmental compliance is important.
We also provide other accounting services including payroll, accounts
payable & accounts receivable processing, accounting systems design,
cash management, budgeting, etc.
Back to Government and Non-Profit
We
have extensive experience in non-profit auditing and accounting.
Helping your organization comply with grant and governmental compliance is
important. We also provide other accounting services including
payroll, accounts payable & accounts receivable processing, accounting
systems design, cash management, budgeting, etc.
Back to Government and Non-Profit
Managing
debt and/or securing new financing can be made less costly with the right
strategy. T.S. Kearns & Co. can help you determine what’s right
for you and help you negotiate with lenders.
Back to Consulting & Other Services
Starting or buying a business is one of the biggest decisions you will make. With our help you can increase your chances of success dramatically. We can show you ways to reduce the initial cost outlay and provide reasonable projections of how the business will do in the future. We have helped new businesses succeed, and we have counseled investors who have come to us after their business was failing. We know what makes the difference between success and failure.
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Estate,
Trust and Gift Planning
Transferring
assets to loved ones without paying high taxes is a goal most people
don’t achieve. The reason is that they don’t get the right advice.
We can show how to reduce or eliminate estate/gift taxes.
While some strategies are complex, others are surprisingly simple.
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We
can help you determine your financial needs now and in the future.
We can then show you how to meet those needs giving you current and
most probable future sources of income.
With proper planning anyone can live a better lifestyle and stay
out of financial difficulty.
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Providing
for your needs after retirement is something most people don’t think
about until they get close to retirement age.
Let us show you how easy it is to save for retirement.
The earlier you start, the less money you need to invest.
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Most
of our advisory services consist of helping
business owners make profitable choices. Our CPA firm has the experience
and education needed to assist you in making sound business decisions
using proven methods. We can also help you develop a strategic plan with reasonable
objectives that will help your business prosper.
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Pension,
Profit Sharing and Other Employee Benefits
Legal, accounting, and tax laws of employee benefits are complicated. Even honest mistakes by employers can be costly. We understand the Employee Retirement Income Security Act, Department of Labor Rules and Regulations, and IRS Tax Code. Qualified plans can save you money while making your compensation package more attractive to employees. Our firm has the experience to help you chose the right plans. We also perform audits and prepare tax returns applicable to all plans.
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Accounting software selection
and implementation
Selecting
the correct accounting software for your company can be difficult.
The key questions to ask yourself are: (1) Will the software do
what your company needs? (2) Will the software actually work as
advertised? (3) Will it be relatively easy to use? (4) Does your
company’s staff have the ability to operate the software?
Too often accounting software management becomes an ongoing, and
costly, management problem. Our
CPA firm has the experience and knowledge to help you find the right
software for your application. We
can also help you install, implement, and/or manage the software so you
can focus on running your business.
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It
may be beneficial for your business to operate as a different type of
legal entity. We can help you
understand the tax effects of the various legal entities available, and
help you chose one that can result in lower taxes.
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Protect your assets from bankruptcy, judgments, estate taxes, etc. by making a long-term plan. Depending on your circumstances, there are a host of legal methods we can use to reduce your risk of loss. We also have good professional relationships with legal experts that can be called upon in very complex cases.
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A
notary public is available in our office.
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Every
business is susceptible to fraud.
We can design, implement and help you monitor controls that reduce
the risk of theft in your organization.
If you already suspect fraud, we can use our accounting and
auditing skills to analyze the financial records and conduct employee
interviews.
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Our firm has the knowledge and experience to design computerized spreadsheets for use in making calculations and generating reports helpful to your business. Accounting personnel often perform repetitive task each month. A spreadsheet can reduce an eight hour task down to one hour, making your staff more efficient and reducing your accounting cost.
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In
litigation support, calculating economic damages or community property
values are only the beginning. We have the ability to present
complicated issues in terms that a judge or jury can understand. This
makes it more favorable that your interpretation of the facts will be
accepted in court.
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to Consulting & Other Services
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Home Page Firm Professionals Client Services Industries & Professions Served Fees E-mail Us Map To Our Office Web Links Career With TS Kearns & Co. Professional Memberships
Prepared By T.S. Kearns & Co., CPA All Rights Reserved.
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