Aguiar Cabrera Maceo & Co., LLP provides a wide range of services to individuals and businesses in a variety of industries. We strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
Our professional services include:
- Accounting Services
- Audits of Employee Benefit plans
- Step Up for Students Agreed-Upon Procedures Reports
- Assurance and Advisory Services
- QuickBooks Accounting Implementation and Assistance
- Entity Selection and Restructuring
- Financial Projections and Forecasts
From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Aguiar Cabrera Maceo & Co., LLP's accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.
These services include but are not limited to:
- General ledger and financial statement preparation
- Bookkeeping (monthly, quarterly, or annual)
- Accounting system setup and support
- Cash flow budgeting and forecasting
- Personal financial statements
- Corporate tax planning and return preparation
Tax Management Services
At Aguiar Cabrera Maceo & Co., LLP, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.
Audits of Employee Benefit plans
Businesses with employee benefit plans of 100 or more participants must submit audited plan financial statements when they file their annual Form 5500. The plan must select an independent certified public accountant to perform the audit. It is very important to use an auditor that has the training and expertise with respect to employee benefit plans so that the audit is compliant with the requirements of the Department of Labor and completed in accordance with AICPA standards.
Aguiar Cabrera Maceo & Co., LLP has years of experience performing audits of employee benefit plans. We are subject to a peer review every three years, and AICPA standards require the peer reviewer to select for review at least one of our engagements comprising of an audit of an employee benefit plan, which ensures that the audit is in compliance with the Department of Labor's requirements. We would be pleased to provide any prospective client with the results of that peer review.
Condominium and Homeowner Associations
In addition to federal income tax filings, common interest realty associations in the State of Florida have certain financial reporting requirements depending on their total annual revenues. Associations are required to present their boards with financial reports ranging from simple financial statements prepared by the association, to compiled, reviewed or audited full disclosure financial statements.
Aguiar Cabrera Maceo & Co., LLP has been providing compilation, review, audit, and tax services to condominium and homeowner associations for many years and we have experience working with condominium associations, homeowner associations and commercial condominium associations.
We also offer internal control implementation assistance and other services including consulting and assistance with monthly financial reporting and review packages used at board of director meetings. These ancillary services can help reduce the risks of fraud or malfeasance, which are unfortunately a common concern for condominium and homeowner associations.
We have experience ranging from working with small individual associations to large master associations both as external auditors and accountants to serving as board members.
Step Up for Students Agreed-Upon Procedures Reports
Florida Statutes require schools participating in educations scholarships such as the Florida Tax Credit Scholarship (Step Up for Students), the Gardiner Scholarships, The John M. McKay Scholarships and the Hope Scholarships and who receive more than $250,000 in funds from the scholarships during the fiscal year to file a fiscal accountability report. The report, in the form of agreed-upon procedures, is to be completed by an independent Florida Certified Public Accountant.
Aguiar Cabrera Maceo & Co., LLP has years of experience performing these agreed upon procedures and writing the required report with over 50 submissions to the State of Florida. In addition to the procedures and compiling the report required for the State, our professionals can meet with school administrators and review their internal controls, accounting system and procedures to determine if the school has any deficiencies that may be noted in the performance of the procedures. After that review, we will develop a written plan to help the school address and correct any deficiencies noted.
Our experience with the taxation of United States companies doing business abroad and residents working abroad as well as foreign corporations doing business in the United States or foreign citizens working in the United States has provided us with an extensive base of knowledge in the area of international taxation.
We are certified acceptance agents authorized to assist alien individuals and other foreign persons who are unable to receive Social Security numbers in obtaining Individual Tax Identification Numbers (“ITIN”) from the IRS.
Assurance and Advisory Services
At Aguiar Cabrera Maceo & Co., LLP, we focus on building close client relationships that add long-term value. This includes assuring the solidity of financial records, evaluating financial procedures and working to produce strategies that help our clients face the myriad challenges of business planning and execution. Our clients benefit from objective analysis to assist in controlling costs, increasing efficiency, and implementing new technologies and procedures that take advantage of changes in the marketplace, accounting standards, and tax law. Our assurance services will improve information quality or its context, meaning more success for your business.
These services include but are not limited to:
- Audits, reviews, and compilations
- Entity selection and restructuring
- Accounting software selection, implementation, and support
- Financial projections and forecasts
- Debt and finances advising
- Transaction structuring and negotiations
- Business succession
Audits, Reviews, and Compilations
Aguiar Cabrera Maceo & Co., LLP's financial statement services comprise all three levels of assurance depending on your company's needs.
Audits offer the highest level of assurance to third parties and include in-depth examination and confirmation of account balances, inventories, and selected transactions. We perform audits for you to ascertaining the validity and reliability of your financial information. We will also provide written communication of significant deficiencies and material weaknesses noted during our audit.
Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.
Compilations are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.
QuickBooks Accounting Implementation and Assistance
QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.
Aguiar Cabrera Maceo & Co., LLP offers the following solutions to help meet your QuickBooks needs:
We train you personally! Either one-on-one or several individuals within your organization at your company's location.
We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.
We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.
Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.
Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.
Professional representation can be vital during an audit. Our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.
Entity Selection and Restructuring
Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Aguiar Cabrera Maceo & Co., LLP can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.
Cash Flow and Budgeting Analysis
Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Aguiar Cabrera Maceo & Co., LLP can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.
Financial Projections and Forecasts
No one can predict the future perfectly, but we can all benefit from planning for it. Aguiar Cabrera Maceo & Co., LLP combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models.