Retirement Planning Charleston SC | Tax Preparation & Forensic Accounting services | Tax Preparer (2024)

Tax Management Services

We collaboratively guide our clients through a full range of tax planning, preparation and compliance decisions with strategies that minimize your tax liabilities, maximize your cash flow and navigate the course toward your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities found in existing as well as proposed law changes. We are vigilant about staying current with tax laws in order to keep you and your business in sync with current and future tax environments.

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. Baldwin & Associates will help 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 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
• Corporate tax planning and return preparation
• Litigation support

Assurance and Advisory Services

We focus on building close client relationships that add long-term value. This focus includes assuring the solidity of financial records, evaluating financial procedures and working to produce strategies that help our clients face the myriad of challenges in 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.

These services include but are not limited to:

• Audits, reviews, and compilations
• Entity selection and restructuring
• Accounting software selection, implementation, and support
• Financial projections and forecasts
• Debt and finance advising
• Mergers and acquisitions
• Transaction structuring and negotiations
• Business succession planning

Audits, Reviews, and Compilations

Baldwin & Associates’ financial statement attestation and assurance services comprise all three levels of assurance depending on your company’s needs.

Audits
Audits offer the highest level of assurance to third parties. They include in-depth examination and confirmation of account balances, inventories, and selected transactions. Audits provide the highest level of confidence in the financial information provided to others.

Reviews
Reviews provide limited assurance to outside interests. Reviews involve inquiries and analytical procedures that present financial statement matters and identify any items requiring further analysis.

Compilations
Compilations are usually requested for internal purposes and are based upon information provided by a company’s management.

Estate and Trust Planning with Tax Compliance

Effective estate and trust planning can ensure financial security for loved ones. For businesses, planning can maintain a smooth succession of ownership. Our 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.

Financial and Retirement Planning

When it comes to financial and retirement planning in Charleston SC, our role is to help you reach your financial goals and maintain financial independence throughout a comfortable retirement. We can guide you through tough decision-making processes such as asset allocation, investment performance monitoring, college education funding, charitable planning, retirement plans, insurance tax, estate, and business succession planning. Whether you are developing an investment strategy or evaluating current investments, Baldwin & Associates 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

Through knowledge comes strength. We provide knowledge so that viable options can be developed to mitigate any damage incurred and suggest alternatives to remedy the root cause. Our litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, 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.

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. We don’t just help you use the software, we help you use it more efficiently and more effectively.

Baldwin & Associates 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.

InstallationWe can install QuickBooks on your personal computer, company network in either single or multi-user mode, or with cloud access.

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.

Bookkeeping/Write-Up

Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Baldwin & Associates can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.

Entity Selection and Restructuring

Your business entity has a large impact on your taxes and other liabilities. From your company’s inception through its growth and development, Baldwin & Associates can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will know the strengths and weaknesses of various entity types, in order to make an informed decision.

Representation Before Taxing Authorities

Professional representation can be vital during an audit. 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.

Computer Accounting Information Services

We are pleased to advise and assist in your evaluation of accounting information systems.

Payroll Services

Baldwin & Associates offers payroll services to 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 payroll tax returns.

Cash Flow and Budgeting Analysis

Good cash management can improve a company’s liquidity, reduce costs, and increase profitability. Baldwin & Associates can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business’ ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business’ success. This business plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.

Financial Projections and Forecasts

No one can predict the future perfectly, but we can all benefit from planning for it. Baldwin & Associates 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.

Mergers, Acquisitions and Sales

Business transactions and transitions are complicated affairs, and whether you’re buying, selling, or considering a potential merger, Baldwin & Associates can provide professional know-how to help you successfully structure and negotiate the deal. Baldwin & Associates 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 optimum success.

Debt and Financing Advising

Whether your needs are corporate or personal, Baldwin & Associates’ 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 United States citizens doing business and working abroad as well as foreign corporations doing business in the United States or foreign citizens with a presence in the United States has provided us with an extensive base of knowledge in the area of international taxation.