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Services

Hamilton & Phillips LLC provides a wide range of services in a variety of industries that include doctors / physicians, dentists, lawyers, construction, realtors, trades, engineers, retail, etc.  At Hamilton & Phillips LLC,we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Our professional services include:


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. Hamilton & Phillips LLC's 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, investments, 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 including Quickbooks
- Payroll processing
- Cash flow budgeting and forecasting
- Personal financial statements
- Employee benefit and profit-sharing plans
- Corporate tax planning and return preparation
- Litigation support

We believe that it is impossible to effectively manage your business without knowing where you bottom line stands at a given moment in time. We can help you better manage your business by providing insightful financial reports on a monthly or quarterly basis.

Audits, Reviews, and Compilation

Hamilton & Phillips LLC's financial statement services comprise all three levels of assurance depending on your company's needs.
- 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 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 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. We audit many non-profit groups, churches, chamber of commerce, engineers, contractors, manufacturers, and many other small to medium size businesses. Our audit services also include Federal Single Audits (A-133), Florida State Single Audits, FDOT required audits, and industry specific audits for various certifications and licenses.

Estate and Trust Planning and Tax Preparation

Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Hamilton & Phillips LLC's role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. We prepare many estate and trust returns in addition to gift tax returns. We also work with many estate planning attorneys in order to help our clients create the best tax situations for themselves and their heirs.

Financial and Retirement Planning

Hamilton & Phillips LLC's goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. We can guide you through tough decision-making processes such as asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, and tax, estate, and business succession planning. Whether you are developing an investment strategy or evaluating current investments, Hamilton & Phillips LLC can ensure that your portfolio will take into account tax implications for an advantageous after-tax return. The road to retirement is a long one and we can help you to take the proper steps to reach your goals.

Litigation Support and Forensic Accounting

Hamilton & Phillips LLC litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, business valuations, business and marital dissolutions, and bankruptcies. These services can involve quantification of economic loss or damages, analysis of financial records, and fraud and theft investigation. Financial and personal records are often vast and confusing to sort through. With our professional training in this matter, we can make sense of these records and transactions and get to your bottom line.

IRS Representation

Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you. We become your representation during the audit, the go-between to ensure that nothing is missed and a negotiator to ensure that you are paying the least amount of penalties possible. We are please to say that we have been successful in this area.

Bookkeeping/Write-up

Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Hamilton & Phillips LLC can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business. We can handle all of your bookkeeping in-house or work with your monthly or quarterly Quickbooks to tie out balances and prepare adjusting journal entries so that your records are correct according to tax standards.

Forming a Corporation

Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Hamilton & Phillips LLC can advise you on choosing an entity type and later restructuring if advantageous. We can also form the LLC or entity for you with both the state and federal government and walk you through the process of setting up a bank account, segregating transactions, starting payroll, etc.

QuickBooks Accounting Help and Assistance

QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. As they say, junk in, junk out. We don't just help you use the software, we help you use it more efficiently and more effectively.

Hamilton & Phillips LLC offers the following solutions to help meet your QuickBooks needs:

Personal Training- We train you personally! Either one-on-one or several individuals within your organization at your company's location.

Installation- We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.

Setup- We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.

Support- Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.

Review- Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.

Payroll Services

Hamilton & Phillips LLC's payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns. We do it all for you from deciding how much payroll you should take to satisfy "reasonable compensation" laws, facilitating the monthly EFTPS Deposits, to preparing and electronically submitting the quarterly payroll reports. We also prepare 1099s, 1096s, along with W-2s and other forms needed at year-end.

Employee Benefits, Pension, and Profit-Sharing Plans

Choosing and administering benefit plans for your employees is often a complex process. Hamilton & Phillips LLC can help you develop, implement, and administer your benefit, retirement, and profit-sharing plans with an eye toward rewarding your employees and reaching your company's financial and business goals. We can also help maximize tax advantages in implementing these plans. As your business grows, your business and your employees will be rewarded for the hard work that contributed to the success of your business. The options are endless. Let us help you decide what benefits you and your employees the most.

Financial Projections and Forecasts

No one can predict the future perfectly, but we can all benefit from planning for it. Hamilton & Phillips LLC combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models. We encourage all of our clients to sit down with us at year-end be it in person or by phone to talk about changes in tax law, profit and loss for their business, tax projections, and how we can minimize the amount of tax paid by purchasing equipment, investing in a retirement plan, reimbursing expenses, etc.

Mergers, Acquisitions, and Sales

Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, Hamilton & Phillips LLC can provide professional know-how to help you successfully structure and negotiate the deal. Hamilton & Phillips LLC employs careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right business decisions for your business for optimum success.

Debt and Finance Advising

Whether your needs are corporate or personal, Hamilton & Phillips LLC's professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments and/or reduce the total amount of interest paid. Re-balancing your debts can also result in tax deduction savings. Even if you are able to handle the payments and the amounts of your current debts, our expertise may be able to save you money and/or lower your payments.

International Taxation

Our experience with the taxation of U.S company doing business abroad and residents working abroad as well as foreign corporations doing business in the U.S. or foreign citizens working in the U.S. has provided us with an extensive base of knowledge in the area of international taxation.

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