Services



Providing Innovative Solutions

Your organization will always need to provide third parties with financial information. Our range of services begins with auditing, accounting, tax planning and preparation. We do not stop with just the reports and tax returns – we interpret our findings to help you plan for the future.You will benefit from our insight in various ways. For example, we can show you how to economize your operations. We will also develop strategies for minimizing future tax liabilities. That is what we mean by value-added.You will always receive more for your money when you have Ericksen, Krentel & LaPorte on your team.


Our Services

General Accounting Services

Not only will we assemble your monthly, quarterly and annual financial numbers, we will also interpret how they impact your business.  We can help your organization make the most of its internal accounting system.  If you are ready to computerize your manual accounting systems, we will design and implement them for you.  We will tailor your computerized systems to accommodate your ongoing growth.

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Tax Services

Ericksen Krentel & LaPorte's tax professionals understand the intricacies of tax planning and compliance. Whether you are balancing your business books or your professional portfolio, our specialists can guide you through the maze of tax planning and compliance issues. Working with our team of tax professionals will allow you to identify critical issues and develop the most appropriate response to fit your needs. Our team is ready to assist you in the following areas.

 

  • Federal, state and local tax return preparation and compliance
  • Tax planning and consulting
  • Mergers, sales, and acquisitions
  • Entity selection and capital structure
  • Trust and estate planning
  • Tax incentive consulting
    • Cost segregation
    • Research and experimentation tax credit
    • Enterprise zone
    • New markets tax credit
    • Historical restoration tax credit
    • Industrial tax exemption

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Audit and Accounting Services

Ericksen Krentel & LaPorte performs audits of commercial businesses, governmental agencies, non-profit organizations and other entities. Attestation services are often required when an organization has reporting obligations to outside lenders or other oversight agencies.  Our commitment to quality and many years of experience ensures that our work meets a very high standard and is delivered on time. Our team of audit and accounting professionals are ready to assist you with:

 

  • Financial statement audits, reviews and compilations
  • Single audits (circular A-133)
  • Internal control and compliance audits
  • Benefit plan audits
  • Agreed upon procedures
  • Forecasts and projections

 

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Forensic, Valuation & Litigation Services

The demand for business valuation services has increased tremendously in recent years, especially from owners of family businesses concerned with estate and gift tax issues and succession planning, parties in divorce settlements, or individuals that who need guidance on buying or selling a business.  Because we have experienced CPAs on staff accredited as Certified Valuation Analysts (CVAs). Ericksen Krentel & LaPorte is available to provide full comprehensive renderings of value, consultations regarding an assessment of value, or, as needed in some cases, a quick and economical preliminary estimate of value.  The rigorous educational requirements of the CVA designation combined with the experience as a CPA ensures that the services you receive are of the highest professional competency, thoroughness and accuracy.

  • Allocation of purchase price
  • Bankruptcy
  • Buy-Sell agreements
  • Charitable gift planning
  • ESOP's
  • Divorce
  • Economic damage calculations
  • Gift and estate tax planning
  • Insurance claims
  • Merger and acquisitions
  • Pursuing and or defending litigation
  • Shareholder disputes
  • Built-in gain / Intangible value
  • Expert testimony

 

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Information Technology Services

Better use of technology can lower costs and improve efficiency by increasing staff productivity and reducing staff levels, allowing you to reallocate resources to more strategic areas within your business. Our technology professionals can assist you in the implementation of your accounting systems.  We have in depth knowledge of accounting software systems including but not limited to QuickBooks and Peachtree.  Because we serve clients in a variety of different industries, our technology professionals can provide insight to help you make wise technology investments, maintain efficient operations and claim a competitive advantage in technology development.

 

  • IT project management
  • Business continuity and disaster planning
  • Network design, set up and security
  • Outsourced network administration
  • Remote access solutions
  • Smartphone/Email integration
  • Internet, intranet and portals
  • QuickBooks installation and support
  • Peachtree installation and support
  • Custom report design

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Business Consulting Services

We can help your start up enterprise, existing business or new division develop and implement a business plan and assist you in securing financing. We will provide ongoing support to ensure smooth execution of the plan.  Because we take a personal interest in the success of both you and your organization, we are always ready to provide additional assistance to maximize the results from your efforts. At Ericksen Krentel & LaPorte, we specialize in helping closely-held businesses increase their efficiency and profitability through: 

 

  • Strategic planning consultation
  • Business plan development
  • Forecast and projections
  • Buy-sell agreement structuring
  • Profitability analysis
  • Mergers and acquisitions services

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Trusts, Estates & Personal Financial Planning

Our Personal Financial Specialists (PFS) emphasize planning tailored to fit our client's needs.  Because every individual is unique, each estate plan is too.  We educate our clients about tax and legal structures and advise them on how best to provide for their beneficiaries, while minimizing the tax consequences.

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