Flat Rock MI & Monroe MI Financial Consulting Services

 Want to minimize your liabilities and maximize your financial security? Call today in Flat Rock MI at 734-782-8917 or Monroe MI at 734-242-1935!

Need accounting, tax planning, management consulting, or bookkeeping services?

The lists below are not all-inclusive. Please feel free to inquire about a service you do not see listed. If we do not provide a particular service, we will refer you to a qualified professional.


Accounting Software Selection and Implementation
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. As accounting professionals, we are exposed to man y programs through trade journals and actual use. Our experienced staff can help you choose and implement the system that best fits your needs.

Financial ConsultingBusiness Succession Planning
Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company's day to day operations. With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.

Buying and Selling a Business
Structuring the purchase or sale of a business correctly is a critical step in the process of buying or selling a business. Our competent staff has the experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis, tax considerations and due diligence for acquisitions.

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.

Management Advisory Services
Even the most qualified managers can benefit from competent, objective feedback. We can help your company's management team develop long-term objectives and specific strategies to facilitate your business' future growth and success. We gauge our worth by the personal and business successes of our clients. We can help your business identify the 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 provide comprehensive, flexible strategies that address the issues affecting your business.

Business PlanningPension and Profit Sharing Plans
Qualified retirement plans (i.e., defined-contribution or defined benefit plans, Keoghs, SEPs) can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.

Mergers and Acquisitions
Finding the right business partner for your company can be a difficult task. We can assist you in the merger or acquisition process by assessing such critical elements as tax considerations; product/service compatibility; competitive tactics and position; financial impact; and cash flow considerations.

Start-Up Business and New Entity Selection
We will work with you as a team to get the bookkeeping and accounting aspects of your business setup. Choosing the form of entity of your business (i.e., "S" corporation, sole proprietor, limited liability company) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.

Estates and Trusts
Effective estate and trust planning will facilitate 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. We will assist clients and their attorneys in preparation of the initial estate tax return - Federal Form 706 and the income tax returns for estates and trusts - Federal Form 1041. We also assist the surviving spouse by providing services as administrators of estates and trusts.


Bookkeeping/Record keeping
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping. Some examples include; cash receipts and disbursements data entry, reconciling bank statements to the general ledger, reconciling other assets and liabilities to their correct balances and general ledger postings.

Couple Financial PlanningAudits, Reviews, and Compilations
We view our role in the financial reporting process as an opportunity to assist you in maximizing your company's profitability and efficiency under the Generally Accepted Accounting Principles. The financial statements produced can be a useful tool for management in making financial decisions. We provide financial reporting on all three levels of assurance:

Audit - Intensive examination and testing of financial data, testing of internal controls, adhering to Generally Accepted Auditing Standards and expressing an opinion on the financial statements based on the results of the audit with the highest level of assurance.

Review - Inquiries of company personnel, the performance of analytical procedures, substantially less in scope than an audit, no opinion is expressed and reviews have only limited assurance.

Compilation - based upon client information provided, less in scope than an audit or review, no opinion is expressed and compilations are used primarily for internal use.

Personal Financial Statements
We provide financial reporting for individuals. Our preparation of your personal financial statements will help organize information pertaining to your assets and liabilities and meet the requirements of third party users.

Financial Forecasts and Projections
Forecasting is a necessity when trying to effectively manage and assist a business in meeting its goals and objectives. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals.

Cash Flow and Budgeting Analysis
A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses.


Tax PlanningTax Planning and Preparation
Tax planning and preparation form a winning combination for our individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation. Some of the services we provide include individual returns (Form 1040), partnership returns (Form 1065), corporate returns (Forms 1120/1120s), estate tax returns (Form 706), gift tax returns (Form 709), state tax returns and local tax returns.

Tax Representation and Delinquencies
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, state and local tax agencies. We are also experienced in handling tax delinquencies from initial correspondence through final resolution.

Payroll Processing
Administering payroll can be time-consuming and divert you from your core business activities. We can provide you the actual paychecks, monthly, quarterly, and annual federal, state, and local employment returns, and annual 1099's and W-2s.

Call Steinert & Associates in Flat Rock MI at 734-782-8917 or Monroe MI at 734-242-1935!

We serve various types of clients, from the west coast to the east coast and out of the country.