Gray Bar

Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small, 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. If it is not a service we provide, we would be more than happy to refer you to a qualified professional.

  
BLP Client Services
(Click Service Title For Details)

  •  
    		•  Audit, Accounting and Financial Statement Preparation
  •  
    		•  Board Training and Fulfillment
  •  
    		•  Business Consultation, Planning and Budgeting
  •  
    		•  Disaster Recovery Planning
  •  
    		•  Bookkeeping
  •  
    		•  Financial Triage for Troubled Organizations
  •  
    		•  Operations Management and Enhancement
  •  
    		•  Governance and Best Practices
  •  
    		•  Tax Planning & Preparation
  •  
    		•  Analysis of Internal Controls and Improvement
  •  
    		•  Management Information Systems
  •  
    		•  Estate & Trust Tax Preparation
  •  
    		•  Employee Benefit Audits
  •  
    		•  Buying & Selling a Business
  •  
    		•  Nonprofit Tax Exemption Service
    Audit, Accounting and Financial Statement Preparation
    BLP assists clients on a monthly, quarterly, semi-annual or annual basis in preparing financial accounting information in accordance with professional standards. We can also help you set up programs to complete your own data processing and bookkeeping functions internally. 

    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 at all three levels of assurance:
    • Audit – an intensive examination of your procedures and records with the highest level of assurance providing an opinion on whether financial statements are relevant, accurate, complete, and fairly presented.
    • Review – an analysis of your procedures and records providing a report with a limited level of assurance that the statements meet the requirements of GAAP and are free of material misstatements or missing information.
    • Compilation – a compilation of business transactions supplied by your company management into financial statements that are free from obvious errors while offering no opinion or assurance that the statements are in accordance with GAAP, and provided primarily for internal use.
     
    Business Consultation, Planning and Budgeting
    The personal and business successes of our clients are very important to us. We can help identify areas negatively affecting your profitability and growth in order to develop solutions that are practical and technically sound. 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.

    Comprehensive budgets will quickly highlight key influencing factors to obtain financial success and help prioritize resources. BLP can facilitate the following critical steps to build a solid budget:
    • Estimate your revenues.
    • Determine your operating costs.
    • Target your desired profit.
    • Adjust figures if the result seems unrealistic.
    Building and preserving your business’s profitability requires specialized attention. We will provide you with one-on-one guidance and a comprehensive financial plan to help manage risk, improve performance, and ensure the growth and longevity of your business.
     
    Bookkeeping
    Successful businesses are built around meaningful, well-organized financial records ensuring that your operations will run more efficiently on a daily basis. BLP can customize a package of services that is priced to your exact needs to assist with all monthly, quarterly and annual accounting and bookkeeping tasks.

    Our work with you can include:
    • Paying bills – preparing computer cash disbursement checks.
    • Recording receipts – preparing bank deposits and input credits.
    • Running payroll – computing and preparing checks and payroll tax deposits.
    • Preparing bank reconciliations.
    • Generating a general ledger and financial statements.
     
    Operations Management and Enhancement
    In order to increase your business’s bottom line, you must constantly examine ways to reduce costs and manage risk. Effective operations management is therefore vitally important for long-term success and an essential way for your business to develop competitive advantage.

    BLP can help you determine the best way to effectively use your resources to increase your return on investment. 

     
    Tax Planning & Preparation
    Tax planning and preparation form a winning combination for our successful 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.

    At BLP, we go beyond matters of tax compliance in order to work with our clients to maximize tax saving opportunities while minimizing liabilities. We continually stay on top of the ever-changing international tax and domestic tax laws to find new opportunities to help you save tax dollars. 
     
    Management Information Systems
    BLP offers management information systems support in order to help clients plan and direct business and organizational operations. We can help you analyze the generated reports to best apply them to the success of your business. Our services include:
    • Internal reporting to managers for use in planning and controlling current and future operations and for nonroutine decision making.
    • External reporting to outside parties such as stockholders, creditors, and government agencies.
     
    Employee Benefit Audits
    Employee benefit plans are filled with complexities including compliance with laws and regulations, to coordination between the plan sponsor and its various service providers. BLP provides audit services for single-employer and multi-employer plans of varying sizes and structures including 401k, 403b, profit sharing, other defined contribution and defined benefit plans.   Audits are required for plan eligible participants of 100 or more.
     
    Nonprofit Tax Exemption Services
    In order to maintain their tax-exempt status, nonprofit organizations have special accounting and tax needs. BLP works with clients to build accounting systems which stay in compliance with the specific revenue and expense classifications required by the IRS.   We have a Nonprofit Toolkit resource available to assist you.

    Our services with you can include:
    • Reviewing and compiling your financial statements.
    • Designing, installing, and maintaining your accounting system.
    • Providing training for your accounting personnel.
    • Completing and filing your nonprofit status application.
    • Providing training for your board on nonprofit financial statement usage and effective budgeting practices.
    • Preparing and filing the 990, 990-EZ and 990T tax forms.
    • Preparing your initial start-up documentation, including incorporation, federal employee identification number (FEIN), and payroll setup with federal and state agencies.
     
    Board Training and Fulfillment
    Nonprofits have special requirements for staying in compliance with the IRS. BLP trains board members so that they understand and accept their role of fiduciary oversight, as well as fundraising and resource development.  We work with boards to organize their work to optimize financial value and achieve results. 
     
    Disaster Recovery Planning
    BLP prepares a comprehensive statement of consistent actions to be taken before, during and after a disaster providing a sense of security for your company. Our disaster recovery plans help you protect your business in the event that all or part of your operations and computer services are rendered unusable. We will also document and test your plan to ensure the continuity of operations and availability of critical resources in the event of a disaster.

    BLP’s disaster recovery plans work to:
    • Minimize the risk of delays
    • Guarantee the reliability of standby systems
    • Provide a standard for testing the plan.
    • Minimize decision-making during a disaster
     
    Financial Triage for Troubled Organizations
    Chapter 7 and 11 business bankruptcies frequently require the assistance of professionals to manage the complex financial and accounting aspects of these matters. BLP provides consulting services to assist clients responding to the unique situations that arise in the bankruptcy and distressed company environment. We can help you in the following areas:
    • Filing avoidance actions
    • Consulting on ways to reorganize and restructure
    • Providing solvency and liquidation analyses
    • Setting up new accounting programs for a fresh start
     
    Governance and Best Practices
    Success can be measured...One of our jobs at BLP is to work with you to define and measure the success of your company. In addition to reviewing current data, the vision of your business requires a commitment to provide up-to-date systems to promote productivity and the satisfaction of your personnel. We set up appropriate information gathering systems to insure that all financial information provided is accurate. We interpret and analyze the statistics, help put in place guidelines utilizing this information and assist in planning the steps needed for future success.
     
    Analysis of Internal Controls and Improvement
    BLP creates documents and tests clients’ internal controls system. We offer a wide-range of support for meeting compliance, as well as ongoing assistance when updating your controls system to accommodate organizational changes and support for subsequent testing in future years.
    BLP can help you evaluate your internal controls though the use of:
    • Project planning, implementation, and coordination
    • Designing and documenting internal controls
    • Information and communication systems
    • Testing
    • Ongoing monitoring
     
    Estate & Trust Tax Preparation
    Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving family, 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.
     
    Buying & Selling a Business
    Structuring the purchase or sale of a business properly is critical. Our competent staff has the experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.