Bauer Evans offers a broad range of services, ensuring a highly efficient and fully integrated approach to managing our relationships. Working closely with you, we will develop a detailed understanding of your challenges and goals, and then formulate creative solutions that are tailored to your needs. You can expect our team to consistently produce innovative financial plans that are insightful and practical.

Companies come to Bauer Evans at all stages in the business life cycle from start-ups to growth firms to family generational transfer or IPO. Bauer Evans has the leadership and bench strength to provide your company with a service team that will understand your challenges and goals. We take pride in our work and are motivated to continually provide creative solutions that lead to long-term relationships.


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Business valuation is a process of evaluating the economic worth of an entity. They are generally thought of when buying or selling a business but they have many other important uses.

  • Estate planning and taxation
  • Gift planning and wealth transfer
  • Buy/sell agreements
  • Purchase price allocations
  • Collateral valuations
  • Charitable contributions
  • S-Corporation elections
  • Marital dissolution

As a small business owner you have more important things to do than to worry about keeping your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits. We can customize your package of services by adding payroll, tax planning, tax preparation or any of our other services. These tasks form the solid foundation of your small business accounting system. Please also see our QuickBooks section for other small business services.

Bank Reconciliation

Reconciling your account each month allows you to:

  • Know how your business is doing. Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
  • Protect yourself. By reconciling in a timely manner and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to and paid by your bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank.

Income Statement

An income statement, otherwise known as a profit and loss statement, basically summarizes all of your revenues and subtracts a list of all your expenses to determine your profit or loss for the period. An income statement allows you to:

  • Track revenues and expenses so that you can determine the operating performance of your business
  • Set budgets and analyze what areas of your business are over-budget or under-budget
  • Identify specific items that are causing unexpected expenditures
  • Help determine your income tax liability

Balance Sheet

A balance sheet gives you a snapshot of your business’s financial condition at a specific moment in time. A balance sheet helps you:

  • Understand the financial strength and capabilities of your business
  • Identify and analyze trends, particularly in the area of receivables and payables. Determine if your business is in a position to expand
  • Help you track and prepare for the normal financial ebbs and flows of revenues and expenses
  • Determine if you need to take immediate steps to bolster cash reserves
  • Provide financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you

General Ledger Maintenance

The general ledger is the core of your company’s financial records. These records constitute the central “books” of your system. They are the details behind your Balance Sheet and Income Statement.


We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide.

We offer payroll solutions that meet your business’s needs. Payroll rules of reporting are complex. We can prepare your payroll and returns for you or we can help you set up an internal payroll system.

Our payroll services include:

  • Worry-free IRS and State tax reporting as well as EFTPS tax deposits
  • User-friendly, and easy to understand monthly, quarterly and annual payroll tax reports, including W-2, W-3 and 1099 forms
  • Detailed reports on your employees’ vacation, sick day and personal day accruals
  • Creation and filing of required new hire reports

Shareholders, creditors, and investors often require assurance that the financial statements accurately represent the true financial position of a company.


Audits provide the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice. Our work includes a review of internal controls, testing of selected transactions and communication with third parties. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatements.


Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company’s management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.


In compiling financial statements for a client, we present information that is the “representation of management” and expresses no opinion or assurance on the statements. Compilations don’t require inquiries of management or analytical procedures. Compilations rely on accounting principles and a general understanding of your business. Banks often require compilations from an independent CPA as part of their lending covenants.

Which Report Should You Use?

Each type of financial statement report may suit specific circumstances, depending on requirements from your bank or other parties, as well as meet budgetary needs. Understanding each report’s unique strengths and weaknesses can help you choose the most appropriate one.


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Financial statements are often required by tax exempt organizations in demonstrating its financial strength to investors and for purposes of securing grants and other funding. These financial statements are different than those of taxable organizations and include the following statements.

  • Income Statement with very specific revenue and expense categories like donations, salaries, postage, rent…
  • Balance Sheet with specific categories like cash, accounts receivable, accounts payable…
  • Functional Expense Statement with all the expenses allocated to either program services, fundraising, or operations.
  • Individual Program Expense Statement that reports all of the expenses for each program or service like seminar programs or educational mailings.
  • Revenue Support Schedules that detail the organization’s sources of income in specific categories like charitable donations, membership fees, investment income.

Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its related schedules and attachments. Unlike the income tax return of a taxable organization, tax-exempt organizations are required to provide additional information and disclosures beyond just the financial data. We can help you gather this information and we will prepare the required forms and schedules for you. The IRS uses these returns to determine if your organization will retain its tax-exempt status.


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The initial setup and installation must be done correctly in order for future information to be accurate. All information necessary to setup manual accounting records is also necessary to setup and install QuickBooks.

Which accounting method will you use? What chart of accounts do you need for your business? How do you handle beginning balances? An expert can easily answer all of these questions and complete the initial setup and installation in a timely manner. In addition, your accounting employees receive training on the accounting software to enhance their performance.

QuickBooks Setup Services:

  • Study and evaluate your procedural and accounting needs
  • Recommend software and identify hardware requirements
  • Install software, design and set up chart of accounts and necessary accounting packages including payroll, accounts receivable, inventory, accounts payable, etc.
  • Determine your QuickBooks starting date
  • Load your chart of account and balances as of that starting date
  • Help you enter your outstanding accounts receivable and accounts payable details as of your starting date
  • Help you enter your ending statement bank balances and outstanding checks and deposits in transit as of your starting date
  • Print a trial balance as of your starting date and compare it to your trial balance from your old system
  • Enter your transactions since your starting date into QuickBooks
  • Train you or your staff to use the software to meet your accounting management needs

Ongoing Services:

  • Follow up training to ensure the you are on the right track
  • Monthly, quarterly or annual review of client QuickBooks data to assist in tax preparation and management reports

Once QuickBooks is set up and working properly, we can train you or your employees to properly operate the software specifically for your business.

  • We come to your location.
  • We focus on the individual issues facing your business. We will be there to answer your specific questions and concerns.
  • No need to spend time on features that don’t impact your business

Never Hesitate to Ask a Question

QuickBooks users are generally not stumped by the software, they are stumped by the accounting information necessary to complete the transactions. Quick access to correct information is essential to maintain the accuracy of your financial records. Employees in your accounting department will find comfort in knowing an expert in QuickBooks is only an email or phone call away. Email and telephone support prevents many wasted hours of aggravation and frustration.


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Thinking of owning your own business? Opening your own business is exciting and thrilling. A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. We help you avoid the common pitfalls that many new small business owners make when starting their new venture.

We help you:

    • Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate
    • Help to evaluate and select the right accounting software based on your budget, needs and hardware
    • Help you to establish billing and collection procedures to maximize your cash flow
    • Help you to establish procedures to monitor and control costs
    • Prepare and file all required state and local licenses and permits
    • Prepare and file your application for your Federal Employer Identification Number
    • Provide payroll and payroll tax filing when you bring on your first employee
    • Comply with employment laws so you don’t have payroll tax related surprises
    • Help you identify other professional resources such as bankers and attorneys

Let us help you succeed by getting your new business off to a good, strong start.

There are many options available for your entity type. The tax and legal traits of each are different and it’s important to evaluate which is best for your situation. The most common entity formats are:

  • Sole proprietorship
  • C Corporation
  • S Corporation
  • Partnership and Limited Liability Company (LLC)

A Strategic Business Plan is much more than a tool to obtain financing. If you still have all your plans and ideas locked up inside your head, preparing a strategic plan can help you clarify your company’s direction. It can ensure that your key leaders are all on the same page and keeps both management and staff focused on the tasks at hand.

A Strategic Plan is often needed when:

  • Starting a new venture
  • Launching a new product or service
  • Expanding a current organization, product or service
  • Buying a new business, product or service
  • Turning around a declining business

Proper and timely cash flow is imperative for every business.

Our cash management service allows you to:

  • Know when, where, and how your cash needs will occur
  • Know what the best sources are for meeting your additional cash needs
  • Be prepared to meet these needs when they occur, by keeping good relationships with bankers and other creditors

At times you may need a trained outside professional to evaluate your company’s operations to determine if the appropriate controls are in place to ensure proper handling of resources and to protect yourself from employee theft. We assess your internal control systems to determine the efficiency and effectiveness of your operating procedures. Then we make recommendations that help your company become stronger and more profitable by correcting any inefficient or ineffective operating procedures we find.


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The Internal Revenue Code consists of more than 70,000 pages. Then there are the Regulations and Guidance, and don’t forget the states. We have the expertise and ongoing professional education to prepare your returns right.

We will apply the most recent law changes, rulings and cases to find the best benefit for you. In addition, we will look forward to the current and future years to be sure we understand how decisions made now will impact you in the future.

Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.

Here’s just a few of the Tax Saving Strategies we use:

  • Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate
  • Understanding accelerated deductions such as depreciation strategies
  • Understanding tax credits such as fuel tax and R&D
  • International tax filings
  • Business entity structuring

As complex as the Internal Revenue Code is, each state also has its own set of rules. Some states apply a tax on net income while others tax based on gross receipts. It is very important to understand when your activities have triggered a tax filing or paying requirements. If you have never filed, there is no statute of limitations. The state taxing agencies can go back to the beginning of your existence to collect back taxes, penalties and interest.

Letters and notices from the IRS state taxing agencies can be daunting and working with a revenue agent can be intimidating. We can help you to understand what they are looking for and the best way to resolve the matter with the least stress and expense.

We work for you, not for the taxing agencies. We strive to be your advocate and reduce your tax liability through careful planning and legitimate tax strategies.

Are you having problems with the IRS? We’re here to help you resolve your tax problems and put an end to the misery that they cause. We pride ourselves on being very efficient and affordable. Government debt will not go away on its own. Penalties and interest will continue to accrue every day.

If you owe taxes, it’s important to deal with it right away. The taxing authorities will not go away and the levy process can be devastating.

IRS Problem Resolution Services (retainers required):

IRS Audit Representation – Rarely do our clients have to speak directly with the IRS. We can handle the audit for you.

Non-Filed Tax Returns – If you do not file, you can be prosecuted and punished with potential jail.

Back Taxes Owed – It’s amazing how fast tax penalties and interest add up. We offer several options when it comes to resolving unpaid taxes.

Payroll Tax Issues – The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency because a large portion of the payroll taxes are your employees’ withholdings.

Liens – Liens filed against you by the taxing authorities show up on your credit report and often prevent you from opening a checking account or borrowing against any assets, like your home.

Levies – We are often able to get levies released and help you get out of a terrible situation.

Wage Garnishment – The payment plan negotiated by us is always more favorable than any IRS wage garnishment. It allows you to receive your whole paycheck without fears of future wage garnishments.

Seizures – A Seizure should not be taken lightly. The IRS will ultimately pursue seizure of your physical assets: your home, cars, boats, jewelry, motorcycles, insurance policies, even your retirement funds.

Offer In Compromise – Did you know that you may be able to settle your debt with the government for a fraction of the liability with an Offer in Compromise program?

Payment Plan – If you don’t qualify for the Offer In Compromise program, a Payment Plan may be the way to resolve your problem.


Tax Day comes fast!