Accounting Services:

Bookkeeping: As many small business owners know, keeping accurate and timely books can be a daunting task. As a small business owner you have many important things to do and routinely maintaining your business books and records takes a back seat. At James R. Gaudreau, CPA I can assist you with those needs to enable you to remain focused on what it is you do best. I offer complete monthly or quarterly bookkeeping services.

Payroll: Like bookkeeping, having employees requires significant attention on the small business owner’s part from a payroll perspective. Having a competent professional “at the ready” to handle monthly, quarterly and yearly reporting provides business owner’s with the assurance that their payroll and payroll tax needs are met appropriately.

Financial Statement Services: The reasons businesses and business owners require financial statement services can be varied. For example, “not-for-profits” with revenues exceeding specific threshold levels requires them for compliance purposes with state agencies while “for profit” entities may require them for financing arrangements with lending institutions or investors. Whatever the reason may be, James R. Gaudreau, CPA can meet those needs by identifying the requirements and the specific level service required.

Audits: Audits of financial statements provide the highest level of assurance to businesses, their owners, investors, creditors and other interested parties. An audit of financial statements is a carefully designed and planned examination of the accounts, books, records, policies and procedures of a business. Upon completion, an audit results in the publication of a report with an independent opinion on whether those financial statements are relevant, accurate, complete, and fairly presented.

Reviews: Reviews of financial statements provide limited assurance to businesses, their owners, investors, creditors and other interested parties. A review is less extensive than an audit and consists of the application of analytical procedures, along with inquiries of management, applied to the accounts, books and records of a business. Upon completion, a review results in the issuance of a report that provides limited assurance that the financial statements are free of material misstatements. Since the financial statements were reviewed and not audited, no opinion about their nature is expressed.

Compilations: Compilations of financial statements provide the lowest level of assurance to businesses, their owners, investors, creditors and other interested parties. A compilation is the presentation of various financial accounts, reports and documentation, which are the representation of management or owners of a business. In compiled financial statements, the organization, not the accountant, is responsible for the accuracy and completeness of the financial statements. Since the statements are not audited or reviewed, no opinion or assurance is expressed in the report as to whether the financial statements are free of material misstatements.