From individual or business tax preparations, financial planning, audits, reviews, to consultations. McMurray, Fox & Associates, PLLC cover a wide range of professional services. With 40 years of trusted, personal, and professional service it is a wise move to consider McMurray, Fox & Associates for your financial needs.
Individual and Business Tax Planning and Preparation
Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual, partnership or corporation, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation.
Financial Planning
A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.
Estate Planning
Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
Retirement Planning
Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.
CFO Services
As your business grows, so does your need for professional financial advice. The cost of hiring a full-time CFO or controller can range from $60,000-$100,000 plus benefits and payroll taxes. Our CFO and controller services give you the benefits and experience of an entire team of CPAs and accountants at a fraction of the cost of one full-time employee.
Business Planning and Consultation
We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we can also help in choosing the form of entity of your business which is a crucial decision that can have longstanding tax implications, positive or negative.
Financial Statements – Audits, Compilations, and Reviews
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency. We provide financial reporting on all three levels of assurance:
* Audit- an intensive examination with the highest level of assurance
* Review – some analytical procedures conducted with limited assurance
* Compilation – based upon client information provided and used primarily for internal use.
Business/Accounting Software Consultants
With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting one that is right for you has become increasingly difficult. Our experienced staff can help you choose and implement the system that best fits your needs.
Tax Audits
During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies.
Quality Control
We are committed to providing the highest quality of professional services. As members of AICPA, we are required to undergo a peer review of our practice every three years to ensure that our quality controls, which includes a review of our accounting practices, continuing education requirements, hiring, and promotion standards adhere to the AICPA’s professional standards. Click here to view our 2011 peer review report.
Fees for Services Rendered
Fees for our services are based on the time actually spent and the complexity of the engagement. These rates vary in relation to the person’s level of experience and responsibility. Prior to the commencement of any services, we will meet with you and/or your representative to develop a budget on which we mutually agree. This provides you with intimate knowledge of how your fees are determined and an opportunity to affect those fees by the level of assistance provided by you. It is our policy to keep the time incurred on each engagement to a minimum commensurate with the application of firm and professional standards. This is accomplished through careful planning, coordination with the client, and utilizing our experienced staff with continual supervision.