ACCOUNTING
The firm offers traditional accounting and review services to individual and business clients.
On an engagement basis, financial statement compilations or reviews for investors, partners, stockholders, regulatory authorities and financial institutions are provided.
Accounting research in connection with Financial Accounting Standards Board pronouncements or other generally accepted principles is performed as needed.
System reviews and evaluations are provided, including recommendations to management for improvements.
Evaluations focus on matching systems’ sophistications and cost with business needs.
TAX
Federal and state income tax planning and compliance are offered to individuals, corporations, partnerships, estates and trusts.
Emphasis is placed upon comprehensive planning to minimize taxes, then the timely completion of all tax forms, including information returns and elections.
For businesses with in-house tax preparation capabilities, the Firm provides review services to ensure full maximization of all tax benefits to produce the least amount of tax due.
Compliance services in the areas of payroll related taxes, excise taxes, sales taxes, gift and estate taxation are available.
CONSULTING
The firm offers management assistance in the areas of planning, budgeting, financing, treasury, accounting and internal control systems, management information systems, risk management and human resources.
Gormican, P.C. has special expertise in assisting financially troubled companies. Additional services include: (1) personal (family) financial planning – with cash and asset projections, risk adjusted investent and insurance reviews, and personal income tax and estate tax planning tailored to the client’s objectives and situation; (2) strategic business planning; and (3) implementation of business plans including exit strategies. The firm also has expertise in the health care industry with an emphasis on nutrition and dietary issues.
What do I do?
If these are services that you are interested in, please reach out to us on our Contact Page in order to set up a time to discuss if we are a good fit for your needs.
Accounting and tax preparation is very personal and we need to ensure that we are a good fit. We are rather conservative in our stance on allowable deductions and follow the tax code for guidance.