Compliance
Meeting deadlines is part of our job.
Adhering to required reporting formats and deadlines are part of what every organization needs to do. At Samuel Goldstein & Co. we understand the need for timely and accurate reporting. Our compliance services are designed to satisfy the needs of potentially three different groups:
- Financing Parties. These are the banks and other creditors that you may depend on for loans and lines of credit. In order to put you in a favorable negotiating position with these groups, we work with you to provide contemporary financial statements that are accurate and on time.
- Internal Boards. Not every business owner has a board of advisors, but if you do, and are accountable to them, we want them to be aware the financial reporting mechanics of the operations are an area you have well under control.
- Taxing Authorities. At all costs we want to ensure taxing bodies receive proper payments on time. Many businesses lose precious profit dollars to penalties and interest, as well as spend valuable time communicating with IRS, state or local governing agencies when an irregularity occurs.
You may notice we do not address the business owner in our compliance requirements.
Although we review your financial results with you, the compliance-oriented reports are just the scorecards that summarize the results of each piece of your business. For our business owners, we concentrate on management reports that help them monitor the company so the financial statements can reflect positive results.