Services

Kimmel Consulting LLC is a trusted tax advisor and has developed proven methods to help you minimize unnecessary tax burdens and optimize your tax advantages. Whether your tax matter is personal or business-related, tax law is complex. A trusted advisor is needed to help ensure that you are making the most of available opportunities in the tax area.

Kimmel Consulting LLC has expertise in a comprehensive group of tax services:

• Our tax compliance helps ensure your tax return is complete and correctly filed.
• We offer tax planning services to help you take a more strategic approach throughout the year so you pay the lowest taxes you are legally obligated to pay.
• Our expertise in federal tax and state & local tax planning has repeatedly helped clients employ the best possible strategies.
• We provide estate, gift, and trust services that help preserve your income and creates a legacy for others.

Planning

Giving tax authorities only the amount you are legally obligated to pay improves cash flow. One way to achieve this objective is through year-round planning.

Our tax optimization strategy begins with gaining an understanding of your business goals and developing tax planning solutions that are tailored to enhance results around those goals. We draw up a workable implementation plan with specific steps to reach your goals. We provide procedures and documentation, then offer ongoing assistance to ensure compliance and practical tax planning.

Federal

Staying on top of federal tax law changes is a daunting task. Kimmel Consulting LLC helps our clients comply with federal tax rules yet maximize their tax savings. Our tax professionals go beyond the "cookie cutter" products to provide tailored solutions that help our clients maximize tax savings thus improving the return on the investment you make in tax consulting services.

We offer flexible implementation alternatives for our federal tax solutions. Kimmel Consulting LLC will partner with you to determine the best strategy for your business or personal needs.

State & Local

For numerous clients, state and local taxes are becoming one of the largest operating expenses. In addition, states have become more aggressive and tax laws are much more complex, increasing risk, and the cost of compliance. Minimizing state tax expense while mitigating risk and compliance costs allows clients to increase cash flow to reinvest in growth and reduce debt. Kimmel Consulting LLC has the resources to put you in that strategic position.

Kimmel Consulting LLC is your source for trusted, efficient, and valuable tax preparation services. Our services are thorough, reliable, and cost-effective, allowing you to focus on your work and not have to worry about the increasing number of tax law changes.

All returns are reviewed by our directors to make sure that we have taken advantage of all opportunities and to provide each client with our personal attention.

While working to get you the best return, our approach is risk-based and tied to your unique situation. When appropriate, we recommend and coordinate other services offered by Kimmel Consulting LLC thereby providing you access to a wealth of resources. Our tax preparation services are designed to suit your needs with efficiency and accuracy.

During Kimmel Consulting LLC's years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies. We provide representation and negotiation before all Federal & State Tax Agencies in the areas of:

• Delinquent Tax Returns
• IRS or State Tax Audits
• Offers in Compromise
• Payment Plan Negotiation

As your representative, we will ensure that the IRS or State acts within their guidelines and follows proper procedures when dealing with you. You will no longer have to deal directly with the IRS when you have us act on your behalf. Your situation will be handled honestly and you will be treated with respect during the entire process.

Plan Preparation

Kimmel Consulting LLC can assist you with the preparation of a complete business plan. With your input we will prepare all of the components of the business plan including such items as: business vision/mission, business goals/values, business description, management team, product strategy, market analysis, and etc.

Financial Forecasts & Projections

Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, Kimmel Consulting LLC's experienced staff can assist you in achieving your company's / personal financial goals.

Bank Financing Representation

If your business plan is for financing purposes, Kimmel Consulting LLC will assist you with the preparation of a bank presentation and will accompany you on your bank presentation. We can also assist you in reviewing the various bank proposals received to help you determine the one that meets your needs the best.

Structure

Kimmel Consulting LLC can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company. Choosing the form of entity of your business (e.g."S" corporation, sole proprietor, Limited Liability Company) is a critical decision that can have significant long lasting tax implications, positive or negative.

Formation

After selecting the form of entity of your business, we can assist you with the formation of the selected entity. We can assist you with the preparation or review the forms that you have prepared yourself or have had prepared for filing with the various taxing authorities. We can assist you with filing any elections and obtaining the appropriate taxpayer identification numbers from the tax authorities.

Owner Compensation

Kimmel Consulting LLC will work with you to analyze the services that the owners are providing to determine a reasonable salary for their services. Business owners wear different hats, we can blend the various responsibilities to help establish a reasonable salary.

In the ever-changing and often confusing world of benefits administration, Kimmel Consulting LLC is committed to helping clients choose solutions that make sense, get results, and maximize employee satisfaction.

Our services include:

• Employee Benefits Plan Design & Analysis
• Employee Benefits Administration Solutions
• Annual Final Accountings
• Compliance Maintenance
  • ERISA, Federal and State requirements
  • Legislative impact studies
  • Form 5500 preparation
  • Schedule A form preparation
  • Summary Annual Reports/ Summary Material Modifications
• Employee Benefits Plan Communication

Kimmel Consulting LLC is a business valuation provider assisting Attorneys, Brokers, Consultants and Business Owners with professional business valuation services. We have performed business valuations for privately held companies in a wide array of industries including:

• Business Services
• Manufacturing
• Distribution
• Retail Construction

Our business valuations are prepared for a variety of purposes including: estate planning, business sales or mergers, gifting, partner or shareholder buy-outs, divorce settlements and financing. Our valuations stand up to legal scrutiny, and when appropriate, conform to IRS Revenue Ruling 59-60. In addition to business valuation services, we offer related litigation support and expert witness services.

Completing a merger or acquisition requires you to make many strategic decisions. The importance of developing a thorough strategy cannot be overstated. Kimmel Consulting LLC has the experience to support companies through many of the aspects of a merger and acquisition including:

• Due diligence analysis
• Evaluating assets of acquired companies
• Advising on proper accounting methods & adjustments
• Reviewing and advising on acquisition agreements
• Creating pro forma financial statements for combined entities
• Coordinating the complex nature of combining accounting and administrative support
• Advising on tax planning opportunities
• Consulting on business valuation and purchase price
• Working with attorneys, bankers and venture capitalists

The due diligence process should be comprehensive. It is in both the buyer's and seller's best interest to complete due diligence in order to avoid disputes later.

If you are thinking of acquiring a private company, make sure your decision is based on thorough due diligence, realistic financial projections, focused post-acquisition business and integration plans and sound valuation analyses.

We are committed to providing you with financial advice throughout the transaction that will improve your odds for success.

Kimmel Consulting LLC has performed numerous cost segregation studies which have resulted in significant tax savings for clients. Whether you have purchased an existing facility or constructed a building from the ground up. Owning real estate represents a significant investment for any business or investor.

Cost segregation is a tax deferral strategy that enables you to effectively frontload depreciation deductions into the early years of ownership. This is accomplished by segregating the components of the facility into the allowable asset classifications and

recovery periods for federal and state income tax purposes. The end result is significantly shorter lives for many of the facilities' components. The shorter lives allows the component's cost to be recovered over a 5, 7, or 10 year period rather than the 39-year life for commercial and 27.5 year life for residential properties.

Bookkeeping

Kimmel Consulting LLC's qualified staff can assist you with the day-to-day tasks associated with bookkeeping. Well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our firm provides:

- Data Entry

- Monthly/Quarterly review of books

- Monthly/Quarterly Financial Statements

- Monthly Bank Reconciliations

- Accounts Payable

- Accounts Receivables

- Prepare sales and excise tax returns

- Maintain depreciation schedules

- Prepare 1099s

Accounting Software Selection & Implementation

Kimmel Consulting LLC's experienced staff can help you choose and implement the system that best fits your needs. With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting one that is right for you has become increasingly difficult. As accounting professionals, we are exposed to most programs through trade journals and actual use.

We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency.

We provide financial reporting on two levels of assurance:

Review - This level involves performing some analytical procedures on the accounting information with limited assurance and the preparation of the financial statements.

Compilation - This level involves taking the client provided information and preparing the financial statements

Set-Up and Installation

Kimmel Consulting LLC has certified QuickBooks ProAdvisors on staff. They will customize QuickBooks for the way your business operates. This is the key to obtaining good financial information from QuickBooks and operating efficiently and effectively.

New Company Data File Set-Up

We will develop a customized data file based on information you provide about your business.

QuickBooks Training

If you or your employees need training in QuickBooks, we can provide customized training to meet your needs.

Troubleshooting

If you need help fixing QuickBooks, correcting mistakes, or figuring out what is wrong, Kimmel Consulting LLC can help solve your problems.

Remote Access On Demand QuickBooks Support (via the internet)

• QuickBooks Remote Access gives you anytime, anywhere internet access to our clients' data file, saving you time and increasing client satisfaction.
• No need to exchange disks or drive to our offices.
• Work on clients current and older versions of QuickBooks.

At Kimmel Consulting LLC, we provide a comprehensive payroll service that is customized for your specific needs, giving you flexible personalized services from our knowledgeable staff. We offer a complete payroll service that includes:

• Check printing
• Direct deposit of paychecks
• Checks mailed directly from our office if you prefer
• Tax filings
• No float fees meaning we do not withdraw funds from your account before payroll taxes are due
• Assist with payroll audits

At Kimmel Consulting LLC, we listen to our clients and help them to identify their goals. Once these goals are established, we help our clients develop and implement individual estate plans. The state and federal tax laws provide a significant incentive to individuals of all income levels to consider the need for effective estate planning. In a business context, this also includes advance planning for the orderly transition of the management and ownership of the business. Your estate can include:

Bank and money market accounts Investments Retirement benefits from employers Personal residence and other real estate IRAs Insurance policies Collectibles Personal belongings

These assets need to be protected by a well designed and implemented estate plan. An untimely death coupled with inadequate planning can create a complicated probate process, massive tax implications and significant loss of wealth. Sometimes relatively simple changes can result in substantial tax savings. We work closely with our clients and their attorneys, insurance and investment advisors, bank trust officers, etc. We review our clients' existing wills and trust documents and offer suggestions for changes to help clients achieve their goals and minimize income and estate taxes for their family members.