Royals & Associates, CPA, PC offers a broad range of services to individuals and businesses in a wide range of activities including not-for-profit organizations. Our goal is meet each client’s specific needs in planning for the future and meeting compliance requirements in the ever-changing financial and regulatory environment.
Royals & Associates, CPA, PC is experienced in working with complex tax situations including individuals with multiple business interests, businesses and individuals with multi-state operations and construction contractors with multi-state licensing requirements and operations.
Tax return preparation and comprehensive tax planning for:
Tax-exempt Organizations (including Form 1023 applications)
Estates and Trusts
Payroll (quarterly and annual returns)
Local property tax returns
IRS and state problem resolution:
Preparation of prior year(s) unfiled tax returns
Assistance with response to federal and state tax notices
Preparation of personal financial statements
Install payment requests
Royals and Associates, CPA, PC provides audit, review and compilation services to a variety of businesses and organizations. Our staff is knowledgeable about the nature of your business and the standards applicable to perform the service. Our audit services are efficient, comprehensive and affordable.
Our firm is a member of the AICPA Peer Review Monitoring Program under whose supervision the audit and assurance practice of our firm is examined every three years to evaluate quality control and technical proficiency. Our four peer reviews to date have resulted in a grade of pass without letter of comment which is the highest grade a firm can achieve.
Industrial, residential and specialty contractors:
To meet the requirements of licensing boards, bonding companies, lenders, and bid proposals
Performance audits and cost certifications
Financial statement audits and compliance audits under government standards including the Uniform Guidance for Single Audits (formerly A-133 audits)
Assurance with change of directors or key board members
Application for tax-exempt status
Employee benefit plans:
Limited-scope audits to meet the requirements under ERISA and DOL regulations
School fund examinations prior to state audits
Examinations for cases of suspected fraud or misappropriation of funds for private businesses, school systems, churches and other organizations
Royals & Associates, CPA, PC works with both start-up and established businesses to provide reliable and timely financial information.
Accounting system set-up and support
General ledger and financial statement preparation
Bookkeeping (monthly quarterly or annual basis)
Payroll processing and reporting
Cash flow budgeting
Personal financial statements