If you’re looking for a firm that will focus on your individual needs, and always treat you like a client who matters, look no further. Our firm is large enough to offer a full range of professional services, but small enough to give you the individual attention that you deserve.
We will thoroughly and conscientiously study your personal situation, and tailor our advice to your specific needs.
Financial Statement Reviews
In light of the complex standards related to attest services, Hawkins & Garrett, CPA’s, PLLC limits its field of operation in these areas to the performance of Contractor’s License Reviews. By specializing in this area, we are able to apply expertise and concentrate our resources for a more effective and thorough engagement. We are a registered member of the American Institute of Certified Public Accountants and prescribe to the AICPA Peer Review Program. Please click here to download a copy of our Peer Review Report.
Well-organized, accurate financial records help your business run more efficiently, and are fundamental to the business decisions you are called upon to make every day. If your business does not currently have accounting staff or if your business is outgrowing its current bookkeeping system, we can provide comprehensive bookkeeping and write-up services to ensure the smooth operation of the financial side of your business. As your business needs grow and change, we can provide input and planning assistance to make sure your accounting and financial systems keep pace with your business needs.
Business Formation and Consulting
Few business decisions are more important, complex or have greater impact than entity selection. The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc.— that you select for your business has enormous financial and tax implications. It is important that you make the right decision. We can explain each choice and its implications. As your business grows and changes, the type of business entity you choose may need to change also.
Once you have selected the entity type that suits your needs, we can assist in registering with the Arkansas Secretary of State, applying for a Tax Identification Number, setting up any necessary payroll and sales tax accounts, and making entity classification elections with the IRS.
Serving as a true business partner, we are available to help you deal with any business problem or opportunity. We stand ready to engage in business consulting projects to help you make the right decisions for the future of your business.
Estate & Trust Income Tax Preparation
Estate matters affect everyone. By taking proactive steps today, you can ease the way for your heirs during a very difficult time. We can work with your legal counsel to help you to structure your estate and trusts to minimize taxes and ensure the smooth transition to your heirs. We are available to handle all estate and trust income tax-related matters.
Compiled Financial Statements
Financial statements are an important tool for management decision making and are a core part of our services package. Financial statements may represent your business to lenders, partners, potential buyers and other interested parties or be utilized strictly for internal analysis. We will work closely with your key personnel to develop and compile accurate and timely financial statements.
An IRS audit can be an intimidating and complex process. If you or your business face an IRS audit, we can bring to bear years of experience in dealing with tax matters and IRS audit procedures to ensure that you are properly represented when dealing with the IRS and other tax authorities.
A notary public can help you to handle various business matters, including witnessing and authenticating document execution and signatures. We offer Notary Public services and are available when you need us.
Payroll processing can be a labor-intensive chore, particularly for small businesses with limited staff. At Hawkins & Garrett, CPA’s, PLLC, we provide efficient, reliable payroll processing at a reasonable cost. We offer a wide range of payroll solutions from comprehensive service including printing paychecks, managing deductions, allowances, and withholding, filing quarterly and year-end state and federal payroll tax forms and making electronic tax payment to help you manage your staff and run your business efficiently.
Our payroll services professionals stay abreast of constantly changing federal, state and local laws and tax regulations. We strive to proactively alert you to material changes that will affect your business and your employees while also keeping payroll running smoothly no matter how large your business and your employee population become.
QuickBooks is an effective and useful tool in the small business arena. As QuickBooks ProAdvisors, our staff is certified to help you get the most out of your QuickBooks software. We can help you get started or help with ways to utilize QuickBooks more efficiently and effectively. We offer set-up, personal training, data file review, and clean-up services as needed to assist our clients in capturing their important accounting information timely and accurately.
Retirement planning is critical in these uncertain times. Whether you are developing a retirement plan for yourself or choosing a retirement plan to offer to your employees, we can help you evaluate the available options. Our focus is on helping you to make the choice that is most appropriate for your own financial situation. If you are choosing a retirement plan for your business, we will base our recommendations on the unique characteristics of your business and your employee population, as well as the legal and compliance issues related to each type of plan.
Sales Tax Services
Operating taxes, such as sales and use tax, are often the most misunderstood and heavily audited areas of state and local taxation. State and local tax authorities have an initiative to maximize sales tax collections. We can help you understand and comply with Arkansas sales tax and use laws and obligations as well as prepare sales tax returns and submissions in an efficient and timely manner.
Tax Preparation & Planning
Effective tax preparation and planning can help you to minimize your future tax liability. We can help you proactively manage both your personal and your business tax issues, including understanding how upcoming business opportunities impact your tax status and vice versa. Not all tax planning opportunities are readily apparent. By having us on your team, you are more likely to benefit from those opportunities. We understand how the latest federal, state and local tax legislation and other developments affect you and your business and we are constantly identifying new ways to reduce federal, state or local tax liabilities.