David D. Black, CPA provides a wide range of services to individuals and businesses in a variety of industries. At David D. Black, CPA, 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:
- Tax Management Services
- Accounting Services
- Litigation Support and Forensic Accounting
- IRS Representation
- Mergers, Acquisitions, and Sales
Tax Management Services
At David D. Black, CPA, 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.
International Taxation Sevices
In the past four or five years international tax compliance has become more difficult, more complex and much more important to more people. The compliance issues loom both for U.S. citizens and permanent residents with financial activities outside the U.S. and for non-U.S. citizens or permanent residents with investments and/or accounts in the U.S. Penalties are severe and there are very few opportunities for forgiveness or reduction of penalties.
FATCA Issues – U.S. persons need to report their foreign account holdings as quickly as possible. If you have not done so, please consult with your tax professional to determine if that is necessary and how to go about doing it. Penalties are severe and more resources are being dedicated to following up with the flood of information coming in from foreign tax jurisdictions.
U.S. IRS Problems – Both U.S. and non-U.S. taxpayers should proactively bring their tax issues into compliance before being contacted by the IRS. Consult your tax professional for an understanding of what your situation is and what can be done about it before it becomes more complicated. These sorts of problems do not get better by themselves and require an aggressive, proactive plan in place to avoid problems.
International Tax Planning – Consult with your tax professional prior to setting up businesses, organizations and accounts, either in the U.S. or outside. Most of the more difficult problems can be avoided with some simple planning steps. Things that are very difficult and expensive to unwind can be avoided entirely. The time, trouble and cost are well-worth a consultation with your tax professional.
We are specialized in international tax matters with years of experience in a wide variety of situations both incoming to U.S. or outgoing and stand ready to help you get your business in line so that you can concentrate on your business rather than the tax bureaucracy.
From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. David D. Black, CPA'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, and investments.
These services include but are not limited to:
- General ledger and financial statement preparation
- Accounting system setup and support
- Cash flow budgeting and forecasting
- Corporate tax planning and return preparation
- Litigation support
Assurance and Advisory Services
At David D. Black, CPA, 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:
- Entity selection and restructuring
- Accounting software selection, implementation, and support
- Financial projections and forecasts
- Mergers and acquisitions
- Transaction structuring and negotiations
- Business succession
Litigation Support and Forensic Accounting
David D. Black, CPA litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, business valuations, business and marital dissolutions, and bankruptcies. These services can involve quantification of economic loss or damages, analysis of financial records, and fraud and theft investigation. Financial and personal records are often vast and confusing to sort through. With our professional training in this matter, we can make sense of these records and transactions and get to your bottom line.
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, David D. Black, CPA 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.
Professional representation can be vital during an audit, and 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.
Cash Flow and Budgeting Analysis
Good cash management can improve a company's liquidity, reduce costs, and increase profitability. David D. Black, CPA 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.
Mergers, Acquisitions, and Sales
Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, David D. Black, CPA can provide professional know-how to help you successfully structure and negotiate the deal. David D. Black, CPA employs careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right business decisions for your business for optimum success.