About Thad Scott & Company Services:

Thad Scott & Company provides a wide range of services to individuals and businesses in a variety of industries. At Thad Scott & Company, we strive to meet each client’s specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Our professional services include:

Tax Management Services
Assurance and Advisory Services
Financial and Retirement Planning
IRS Representation
Entity Selection & Restructuring
Computer Consulting
Cash Flow and Budgeting Analysis
Mergers, Acquisitions, and Sales
Accounting Services

Tax Management Services

Expertise and guidance through a full range of tax planning and preparation decisions with strategies that minimize tax liabilities, maximize cash flow and keep clients on track to achieve financial goals.

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. Our accounting services steer clients 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, investments, and employee benefit and profit-sharing plans. We can set up financial reports for client view to streamline business and save valuable company time.

– General ledger and financial statement preparation
– Accounting system setup and support
– 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 includes assuring the solidity of financial records, evaluating financial procedures and working to produce strategies that help our clients face the myriad challenges of 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. Our assurance services will improve information quality or its context, meaning more success for your business.

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

Financial and Retirement Planning

Our goal is to help our clients reach their financial goals and maintain financial independence through a comfortable retirement. We offer guidance through tough decision-making processes such as asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, and tax, estate, and business succession planning. Whether you are developing an investment strategy or evaluating current investments, Thad Scott & Company can ensure that your portfolio will take into account tax implications for an advantageous after-tax return.

Litigation Support and Forensic Accounting

Thad Scott & Company litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, business valuations, 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.

IRS Representation

Professional representation can be vital during an audit, and 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.

Entity Selection and Restructuring

Your business entity has a large impact on your taxes and other liabilities. From a company’s inception through its growth and development, Thad Scott & Company can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

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.

Thad Scott & Company 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.

Installation- We install QuickBooks on your stand-alone computer or in a network environment, in either single- or multi-user mode.

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.

Review- Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.

Computer Consulting

As technologies rapidly advance, companies increasingly need to update their computer systems. Thad Scott & Company can audit your system competencies and gauge upgrade needs as well as provide support in choosing and implementing new hardware or network systems. As experts in this field, we can put your computer problems at bay as well as improve your computer system’s performance taking into consideration any budget you may have.

Cash Flow and Budgeting Analysis

Good cash management can improve a company’s liquidity, reduce costs, and increase profitability. Thad Scott & Company 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, rebalance your budget and/or debts for an optimal cash flow to support your business’ success. This balance 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. Thad Scott & Company 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, Thad Scott & Company can provide professional know-how to help you successfully structure and negotiate the deal. Thad Scott & Company 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 your business for optimum success.

Debt and Finance Advising

Whether your needs are corporate or personal, Thad Scott & Company’s 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.