Accounting Services

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Schmidtlein & Associates, CPAs, P.A. accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost containment, tax planning and employee benefit and profit sharing plans.

These services include, but are not limited to:

• General ledger and financial statement preparation

• Bookkeeping (Monthly, Quarterly or Annual)

• Accounting system setup and support

• Payroll processing

• Cash flow budgeting and forecasting

• Personal financial statements

• Employee benefit and profit sharing plans

• Litigation support

• Entity selection and restructuring

• Accounting software selection, implementation and support

• Business valuations

• Financial projections and forecasts

• Debt and finances advising

• Mergers and acquisitions

• Transaction structuring and negotiations

Advisory Services

At Schmidtlein & Associates, CPAs, P.A., we focus on building close client relationships that add long-term value. This includes assuring the solidity of financial records, evaluating financial procedures and working to produce strategies that help our clients face the myriad challenges of business planning and execution. Our clients benefit from objective analysis to assist in controlling costs, increasing efficiency and implementing new technologies and procedures that take advantage of changes in the marketplace, accounting standards and tax law. Our assurance services will improve information quality or its context, meaning more success for your business.

These services include, but are not limited to:

• Audits, reviews and compilations

Attest Services

Cummins, Coffman & Schmidtlein, CPAs, P.A. financial statement services comprise all four levels of assurance, depending on your company’s needs.

Audits

Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories and selected transactions. We perform audits for you to remove errors, ascertaining the validity and reliability of your information.

Reviews

Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.

Compilations

Compilations are usually requested for internal purposes and are based upon information provided by a company’s management. They do not offer assurance but may involve some adjustment to accounting records.

Agreed Upon Procedures

Agreed upon procedures are tailored to specific client needs. Specific tasks are performed on a client’s financial or non-financial data, as agreed with the client and other specified parties, and reports only the facutal findings, without giving an opinion or assurance.

Payroll Services

Our payroll services are designed to meet the needs of small to mid-sized businesses across a variety of industries.

Our payroll solutions include:

• Payroll processing and check preparation

• Direct deposit services

• Payroll tax filing and compliance (federal, state, and local)

• W-2 and 1099 preparation and filing

• Employee earnings and deduction tracking

• New hire reporting

• Customized payroll reports

With our experienced team and personalized service, you can count on us to keep your payroll operations smooth, confidential, and fully compliant with ever-changing tax regulations. Whether you have one employee or one hundred, we tailor our services to fit your unique business needs.

Business Valuation

The range of needs for valuing businesses continues to widen, and Schmidtlein & Associates, CPAs, P.A. can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest. Uses for this service include estate planning and compliance, buying and selling businesses, divorce matters, family limited partnerships and ESOPs. There are so many factors that contribute to the perceived value of a business. Our experts can help you evaluate entities that you have an interest in and guide you towards making business decisions that you feel confident with.

ERISA

We specialize in providing high-quality ERISA audits that meet Department of Labor (DOL) and IRS requirements. Our experienced audit team understands the complexities and compliance standards unique to employee benefit plans. We work closely with plan sponsors, administrators, and third-party providers to ensure a smooth audit process with minimal disruption to your operations.

Our ERISA audit services include:

• Audits of 401(k), 403(b), and other defined contribution plans

• Defined benefit plan audits

• Health and welfare plan audits

• Limited and full-scope audits

• Assistance with DOL and IRS compliance requirements

• Recommendations for improving internal controls and plan operations

We’re committed to providing timely, efficient, and cost-effective ERISA audits that help protect your plan, your participants, and your company. With Schmidtlein & Associates, you’ll gain peace of mind knowing your employee benefit plan is in full compliance with federal regulations.

Individual Tax Prep

Our experienced tax professionals provide accurate, timely, and personalized tax preparation services for individuals at all income levels and life stages. Whether your situation is simple or complex, we’re here to help you maximize deductions, minimize liabilities, and stay compliant with ever-changing tax laws.

Our individual tax services include:

• Preparation and filing of federal, state, and local tax returns

• Year-round tax planning and advice

• IRS correspondence and audit support

• Retirement and investment tax strategies

• Tax implications of life events (home purchases, marriage, education, etc.)

• Guidance on estimated tax payments and withholding

We take the time to understand your unique financial picture so we can provide thoughtful, strategic tax solutions tailored to your goals. Our commitment to accuracy, integrity, and responsive service means you can trust us with your most sensitive financial information.

Business Tax Prep

We provide comprehensive business tax preparation services designed to minimize your tax burden while keeping your company fully compliant with federal, state, and local regulations. We work with businesses of all sizes and across a variety of industries, tailoring our services to meet your specific needs and goals.

Our business tax services include:

• Preparation and filing of federal, state, and local tax returns

• Tax planning and strategy development

• Entity selection and structuring guidance

• Multi-state tax compliance

• Support for IRS and state tax audits

• Quarterly estimated tax calculations

• Tax implications of mergers, acquisitions, and sales

Our team stays current on the latest tax laws and regulations to ensure your business takes full advantage of available deductions, credits, and opportunities. Whether you're a startup, a growing company, or a well-established business, we’re here to support your success with accurate, timely, and insightful tax services.

Tax Planning

Our tax planning services are designed to help individuals and businesses proactively manage their tax obligations and take advantage of every opportunity the tax code allows. We work closely with our clients to develop customized strategies that align with their unique financial situations, industry, and future plans.

Our tax planning services include:

• Strategic planning to minimize federal and state tax liability

• Year-round guidance on tax-saving opportunities

• Retirement and investment tax strategies

• Business Entity Strategy Analysis

• Income and expense timing strategies

• Planning for major life or business changes (sales, expansions, inheritance, etc.)

• Review of tax law changes and their impact on your situation

By partnering with our experienced CPAs, you gain access to personalized advice, up-to-date tax insights, and strategies that help you keep more of what you earn—legally and confidently.

Bookkeeping/General Accounting

We offer reliable bookkeeping and general accounting services that give you clarity, control, and confidence in your financial data—so you can focus on running and growing your business.

Whether you're a startup, a growing company, or an established organization, we tailor our services to fit your specific needs, helping you stay organized, compliant, and prepared for the future.

Our bookkeeping and accounting services include, but are not limited to:

• Day-to-day transaction recording and general ledger maintenance

• Bank and credit card reconciliations

• Accounts payable and receivable tracking

• Financial statement preparation (balance sheet, income statement, etc.)

• Monthly, quarterly, or annual reporting

• QuickBooks setup, training, and support

• Year-end closing and audit preparation

With our experienced team managing your books, you gain timely and accurate financial insight that supports better business decisions and smoother tax preparation.