Our firm offers a wide range of services to our individual and business clients. Our clients benefit by getting personalized quality service that is beyond comparison. Below we have listed the services that we offer to our clients along with a brief description. As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed.

Accounting Services

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Audits, Reviews and Compilations

Cygan Hayes offers a unique audit process. Consistent with our focus on delivering personalized service while adding value, our firm has undergone training in risk based audit techniques. These procedures focus on testing and verification in areas most likely to contain errors or fraud. While these audit procedures are not fraud audits they do reduce the possibility of fraudulent activity and provide additional levels of assurance traditional procedures may not. In addition to our risk based audit techniques, our staff is trained in the latest AICPA accounting and auditing standards, GAAP regulations, and keeps current on reporting requirements.

Audits - The highest level of financial statement service. Audits provide reasonable assurance information reported is materially free from error. These procedures include an examination of select records on a test basis to support the data reported. At the completion of the audit we express an opinion on the condition of the financial statements so outside parties can rely on these financial reports.

Reviews - Limited procedures and analytical procedures are performed on your financial statements to provide limited assurance the financial statements are accurate and conform to accepted standards.

Compilations - Financial statements prepared using information provided by the client with minimal analytical procedures or tests performed. Compiled reports are generally limited to use for internal purposes only.

Agreed Upon Procedures - These procedures examine a special scope or area. Normally, the intent is to investigate unexplained balances, such as inventory shortages or material differences in revenue or expense categories, and possible fraud.

Internal Controls - Cygan Hayes can develop and test the internal control structure in your organization. Our professionals can review and assess each portion of your control structure to identify strengths, weaknesses and areas of improvement.

Accounting Services

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:

*General ledger & financial statement preparation

*Bookkeeping (Monthly/Quarterly/Annual)

*Accounting system setup for new businesses

*Computerized payroll services

*Business tax return preparation (Sales & Use/Business Property)

*Personal financial statements

*Litigation support

Bookkeeping/Write-Up

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.

Other Services

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Employee Benefit Plans

Cygan Hayes views the employee benefit plan audit as a primary service not a secondary concern. As a result, we are able to provide a minimally disruptive audit process that focuses on achieving benchmarks and meeting deadlines. In addition, we offer responsive communication from our firm Partners and a consistent audit staff each year. Cygan Hayes, Ltd. is a member of the AICPA Employee Benefit Plan Audit Quality Center. The Center is a community of CPA firms that are committed to employee benefit plan audit quality. The Center provides members with best practices, guidelines and tools CPAs need to perform quality benefit plan audits and better serve their clients. As a member Cygan Hayes has designated a partner responsible for overseeing its employee benefit plan audit practice, has established firmwide training and quality control programs, performs annual internal inspection procedures and makes the firm’s peer review report findings publicly available.

Audits - Generally plans with 100 or more eligible participants at the beginning of the year are required to obtain an audit in accordance with Employee Retirement Income Security Act of 1974 (ERISA) and the U.S. Department of Labor (DOL). We will conduct the audit of your financial statements with the least possible disruption to your normal day to day activities.

Financial Statement and Workpaper Preparation - Many organizations do not have the staff needed to perform all the accounting and financial statement duties necessary to even begin to have an audit performed. In the past this was not a big issue in that the auditor’s would typically assist the organization in developing these items. Recent events and changes to auditing standards have made it difficult for auditors to continue to do this work and also do the audit. An auditor’s independence from the client they are auditing has always been the cornerstone of the profession, and performing some of these services impairs that independence. We can prepare the financial statements and underlying workpaper documents for you to give to your auditors. This helps your auditor maintain their independence while not putting an undue burden on your internal staff to prepare these items. We would work closely with your auditors to minimize the amount of time you have to spend.

Annual filings - Our experienced staff can assist you with the preparation and filing of IRS and Department of Labor required filings including the Form 5500 and Form 990. When filing deadlines approach, you’ll feel confident that you’re in full compliance with all government mandates and new legislation.

Internal Controls & Procedures - Internal controls are the procedures and processes in place to ensure that your financial data is processed correctly. Internal controls also lower the chance of fraud occurring in your organization. By properly designing the flow of data and processes and implementing these controls, your organization can operate more securely and effectively. This will make your annual financial statement audit run smoother and also increase your financial return. Our firm can assist you in developing and implementing accounting procedures and an internal control system as well as performing an internal control analysis for those plans that already have an internal control system in place.

Tax Services

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Tax Preparation

Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.

Tax Planning

Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities.

Estate & Trust Tax Preparation

Our professionals can accurately and efficiently prepare your Estate & Trust and work closely with your attorney to make sure everything is accounted for as designed.

IRS Representation

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.

Payroll Services

As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.

Sales Tax Services

Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.

Consulting Services

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Business Consulting

We gauge our worth by the personal and business successes of our clients. 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 provide comprehensive, flexible strategies that address the issues affecting your business.

Business Entity Selection

Choosing the form of entity of your business (e.g. "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.

Accounting Software Selection & 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 most programs through trade journals and actual use. Our experienced staff can help you choose and implement the system that best fits your needs.

Miscellaneous

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Construction Contractors

As contractors, you understand the need for proper planning. At Cygan Hayes, Ltd. we can help manage your most important project, your business. With our ability to guide you in key financial areas, taxation, and long term business planning, we can help achieve the same success in your business that you demand at the job site.

Our services include: • Accounting & Auditing • Tax Structure, Planning & Compliance • Percentage-of-Completion & Completed-Contract Methods • Look Back Calculations • Section 199 Deductions • Industry Benchmark Analysis • Profitability Analysis • Bonding Requirements • Financing Alternatives • Accounting Software Selection & Implementation

We understand your organization faces unique opportunities. Whether you are a commercial or residential contractor, subcontractor or specialty trade contractor, we have the requisite knowledge and practical experience to address your most challenging issues.

Non Profit Organizations

We specialize in working with Non Profit entities. We understand each organization is unique and provides a vital community service. The reason non profits exist is to achieve a mission, so allow our firm to address compliance needs, while you manage mission fulfillment. Our goal is to maintain accurate and timely financial information to develop financial statements that help reflect accomplishments. The better we can tell your story through informative financial statements, the easier it becomes to acquire the funding needed to achieve your goals.

Our Services include: • Audits • Tax and Annual Return Preparation • Financial Statement Preparation • Internal Controls & Fraud Assessments • Operational Consulting • State Registration & Filings

Governmental Entities

We understand the pressures on govenmental entities including financial pressures, government compliance, GASB pronouncements, and increasing costs. As part of our services we help our clients address these pressures.