Services

As a member of the American Institute of Certified Public Accountants, Rhode Island Society of Certified Public Accountants and the Massachusetts’s Board of Public Accountancy, PFK Accounting Group is positioned to provide you with unparalleled expertise and attention for a wide array of accounting services.

Due to our size, firm culture, and technical expertise, our tax capabilities are truly unique among accounting firms. PFK Accounting Group approaches the tax aspects of financial management beyond simply meeting statutory requirements by advising each client on the most advantageous techniques available for minimizing or deferring income taxes. Our goal is to minimize your tax burden while ensuring that you are compliant with tax laws and regulations.

Business/Corporate
At PFK Accounting Group, we understand the importance of separating your business and personal matters, as well as combining them where it makes sense. In addition to providing annual business and corporate tax compliance services, we possess an in-depth knowledge of a wide variety of tax-related services including:

  • Multi-state consulting for business entities and individuals
  • Executive and equity compensation alternatives
  • Ownership transition matters
  • Tax provision preparation
  • Tax position analysis

Individuals and Family Groups
Our years of experience with complex tax issues combined with our ability to identify meaningful opportunities for individuals and their family entities help to set us apart from other firms. Our clients include owners of closely held businesses as well as family groups with diverse family components. Our tax services include planning and compliance in the following areas:

  • Limited liability companies and partnerships
  • Estate and gift tax
  • Trust taxation
  • Private foundations
  • Philanthropic planning

Estate Planning
Ensuring proper estate planning involves much more than having an attorney look over your last will and testament. Planning to ensure that what you have worked hard for over the years will be distributed and looked after properly is paramount to ensuring your legacy. PFK Accounting Group makes sure you understand both the complex legal and tax issues in the estate planning process. Our services do not begin with the filing of the estate tax return. We work with clients to develop business succession plans, consult on personal financial planning, advise on medical and health insurance, and structure the estate to minimize any tax liability.

Other
PFK Accounting Group also provides other tax compliance services that may be required. We handle preparation and planning for trusts and non-profits. We also specialize in multi state taxation issues relating to income, sales, and payroll taxes as well as audit representation on your behalf for all tax matters.

Consulting
PFK Accounting Group offers an impressive array of consulting and advisory services from litigation support to evaluating potential business opportunities and assisting with complex business transactions. We routinely manage critical business situations and work closely with attorneys, bankers and other professionals to solve complex problems, reduce risk and take advantage of opportunities in the marketplace.

Our consulting services include:

  • Bankruptcy
  • Business Valuation
  • Debt and Equity Financing
  • Litigation Support
  • Succession Planning
  • Tax Incentive Programs
  • Tax Planning
  • Tax Structuring

< Financial Reporting
Our experience shows us that almost every organization – whether it is a privately held business, a publicly owned corporation, or a tax-exempt organization – must prepare reports on its financial performance. Such reports help owners and managers make operating decisions, enable creditors to evaluate loan applications, and provide individuals with information to make investment decisions.

What makes those services offered by PFK Accounting Group different? The quality and care offered. We offer our clients more than a report to send to the bank, more than numbers to be placed before stockholders. Our financial reports offer insight into the inner workings of your business. Our reports are supplemented by our staff being available to answer your questions and offer follow-up guidance based on reporting results. We make sure you understand the numbers and what they communicate regarding your business.

Compilations and Reviews
Many of our clients look to us for simple compilations and reviews for financing, bonding, and other reporting needs. A review tends to be less in scope than a formal audit and is based on an analytical review of your company’s performance. Compilation services are performed when a client needs financial statement information without the expression of assurance that comes with an audit or review report. The information represented in a compilation is based solely on the representation of management.

Bookkeeping and Payroll
PFK Accounting Group offers its clients a full range of bookkeeping services to meet each and every business owner’s needs. Bookkeeping services include general ledger postings, payroll processing and reporting, sales tax reporting, as well as full outsourced arrangements to handle accounts payable processing and check writing.

Financial Statements
Helping our clients meet external GAAP reporting obligations, we provide financial statements that summarize vital information upon which critical managerial decisions can be made. At PFK Accounting Group, we conduct detailed financial statement analysis to help our clients identify strengths and weaknesses, interpret ratios and trends, and understand how their business is performing from a financial perspective. By taking the time to get to know our clients and being with them every step of the way, we can effectively use this information to help them achieve their short-term and long-term goals.

Specialized Services
In today’s turbulent market conditions and economic uncertainties, running a successful business involves more than good accounting and quality service. Sound accounting advice involves developing specialties that make your company necessary to the market place.

While PFK Accounting Group offers basic accounting and tax related services, we also offer specialized services designed to best service several niche areas.

Business Valuation
Many of our clients ask us “what is my business worth”? This is usually asked when dealing with topics such as mergers and acquisitions, business succession or estate planning. We work with you to explain the process, its complexities, and financial implications. By getting a baseline analysis, we refer you to one of our trusted business valuation analysts. PFK Accounting Group works as your intermediary in defining the needs and steering you in the appropriate direction.

Systems Design and Analysis
Information technology is becoming more and more the heart of every business. From sole-proprietor operations, to multi-billion dollar businesses, accurate financial information must be readily accessible, at any given time, to facilitate good business processes. When you have difficulties maintaining current data or the ability to access records, you run the risk of making the job of running your business more difficult.

PFK Accounting Group offers the manpower and the expertise to design, develop, and implement information systems customized to maximize and enhance your business operations.

By analyzing your information needs, thoroughly investigating your current system, and determining its capabilities and limitations, we can accurately prescribed a worthy solution. If your current system is inadequate or under-performing, we’ll define a cost effective IT solution that works best for you.

Business Consulting
As experienced business consultants, we aim to maximize the potential in all areas of your business. Through careful planning, we keep your business on track from start-up, through growth and change, to the execution of your estate. We carefully guide your business growth with insightful and studied financial forecasting and offer expertise in the areas of mergers and acquisitions. PFK Accounting ensures you make the proper business decisions from day one.

Controller/CFO Function
With tighter economic restraints, smaller businesses can find it hard to afford the in-house financial expertise necessary in running their business and financial obligations. PFK Accounting Group can work with you as a part time CFO or Controller. Usually those duties include strategic planning, customized management reporting and budgeting, analysis of overall company operational procedures and controls, and month end close outs including account reconciliations and financial statements. We also can work with your staff to provide leadership to the accounting department as well as provide accounting software systems and installation training and support.

Business Planning
Whether you’re a new business owner or have been in business for many years, proactive business planning is a crucial part of your business’s growth, management and compliance. By providing you with a proper business plan and ensuring that proper procedures are in place, we can help you streamline business operations to maximize profitability and increase customer satisfaction. Our planning services relate to everything from operating controls to obtaining financing sources. We also can work with you to provide meaningful current financial information as well as financial forecasts for your business.

Start-up Businesses
Creating a new business encompasses much more than having a great idea, unique product or a potentially in-demand service. Before you begin you must understand all the issues and processes that must be in place to properly protect the success and profitability of your new venture. PFK Accounting Group can work with you to provide you with the right information to make the informed decisions for your business. We assist in legal entity selection, developing forecasts and proformas necessary to obtain financing, licenses and registration documentation, and initial tax planning. Right from the beginning we work hand-in-hand with you to make sure your business maximizes profitability.