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Business Accounting Services

Helping business owners with tax and finance

Helping business owners with tax and finance

From working with start-ups to helping mature businesses manage their growth, Mathieson, Moyski, Austin & Co., LLP of Wheaton has a long-standing history of working with business owners.  As business owners themselves, the partners in our firm understand the challenges of running a company.  We have a wide variety of experience helping business owners with everything from general business accounting to the buying and selling of a business.  We know that your problems are unique to you and your business, and we work hard to earn the position of your trusted advisor.

If you’re a business owner, please call 630-653-1616 today to speak with one of our business accounting specialists. Find out how we can help your organization realize its full financial potential.

Industries we serve include:

  • Employee benefit plans
  • Not-for-profit organizations
  • Professional service organizations
  • Retailers
  • Manufacturers
  • Distributors and wholesalers
  • Healthcare organizations
  • Real estate developers
  • Construction
  • Insurance agencies and risk pools
  • Other small businesses

General business accounting

Meaningful, well-organized financial records are critical to ensuring your business runs efficiently, effectively and profitably. Our firm provides a full range of services, including:

  • Bookkeeping (monthly, quarterly or annual)
  • General ledger and financial statement preparation in accordance with professional standards
  • Cash flow and budgeting analysis, including forecasting, estimating financing requirements and tracking of cash flow sources and uses
  • Business tax planning and preparation, including multi-state taxation
  • Computerized payroll services
  • Assistance with setting up employee benefits programs such as a 401K, a SEP, a SIMPLE IRA, etc.
  • Preparations, compilations, reviews, and audits
<span>Starting a new business</span>

Starting a new business

For clients who are just launching a new business, we offer a full range of support. We assist in setting up accounting systems, selection of software and training if required. We can also help with selecting the type of business entity that will best serve you and your business, whether that is an S-corporation, a C-corporation, a Limited Liability Corporation (LLC) or a Partnership. We advise you on aspects related to tax planning, asset protection and positioning you to help you achieve your business goals.

QuickBooks(R) ProAdvisor Program

Our staff includes certified QuickBooks ProAdvisors who know how to use QuickBooks as a tool to help you manage your business. We also train and provide support for QuickBooks users.

Preparations, compilations, reviews, and audits

We provide financial reporting on various levels of assurance:

  • Preparation - no assurance, prepare your company’s financial statements pursuant to a specified financial reporting framework based on information you provide
  • Compilation - no assurance, includes financial information provided by management in financial statements that can include or omit footnote disclosures
  • Review − limited assurance, relies on analytical procedures and inquiries with management
  • Audit − reasonable level of assurance, includes analytical analysis and a risk-based approach to test and verify financial information, including a review of the internal control system
<span>Business consulting services</span>

Business consulting services

We gauge our own success based on the success of our clients. As accountants and advisors, we help you identify areas of risk that could affect profitability and growth and then develop solutions that are practical and sound. We also serve as a sounding board for you as you continue to grow and expand your business, offering expertise to assist you in making decisions that support your vision. Some of our consulting services include assistance with:

  • Buying and selling of a business
  • Business valuations
  • Mergers and acquisitions
  • Selection of computer systems and software
  • Tax planning, including the implications of multi-state taxation

We also work with a variety of other service professionals including attorneys, bankers, mortgage brokers and other financial services professionals who complement our expertise. We are always happy to refer you to our colleagues who can assist you with the growth of your business.

Forensic accounting and litigation support

When there is a dispute or an investigation related to possible theft or fraud, we offer forensic accounting services and litigation support. Through accounting and auditing, we provide an analysis of financial records, then evaluate and document the extent of potential economic loss. We also provide expert witness testimony to support our clients who need litigation support.