Tax Management Services
Tax laws are complex and always changing. Angelo Di Fusco CPA keeps up to date and guides his clients through financial decisions that will minimize their tax liability. Tax planning is essential to a client’s overall financial plan and cash flow requirements. Angelo’s expertise experience, analysis, through research as well as assistance of highly respected tax attorneys allows him to optimize financial opportunities to be found in tax laws.
Corporate, partnership or individual tax preparation is the final step of the year’s implemented tax strategies.
Professional representation can be vital during an audit and Angelo Di Fusco’s experience with tax authorities enables him to guide clients during their stressful dealings with federal and state agencies.
Whether a startup or established business, a business owner relies on accurate and insightful financial information presented in an understandable way in order to maintain profitability, maximize cash flow and capitalize on new opportunities. Some of the services offered include:
Trial balance and financial statement preparation
With compiled financial statements, also referred to as unaudited statements, no opinion on the quality of the financial statements is given. Statements and guarantees about the accuracy of the financial statements are much less than that given by certified financial statements. Accountants that compile a company’s financial statements are not required to verify or confirm the records and they do not need to analyze the statements for accuracy. However, in the event that an accountant finds erroneous, misleading or incomplete information in the financial statements they must notify management or abandon their involvement in assessing the company’s financial statements. The accountant who is appointed to compile a company’s financial statement must be familiar with the company and its main business processes.
Although not required, when preparing a compiled financial statement, Angelo Di Fusco uses backup information to verify the balances of the accounts are correct. Angelo Di Fusco has achieved the highest rating in peer review so his clients can be assured of the financial statements’ reliability.
Accurate record-keeping is essential to a successful business yet can be complicated and very time consuming. Angelo can help you with the organization and day to day tasks of bookkeeping so you can focus on your core business.
Accounting system setup and support
Angelo Di Fusco is a Quickbooks Pro Advisor and can provide support in house or by remote to answer questions or customize Quickbooks to meet client’s needs. Proper implementation and training of staff on Quickbooks Pro or Enterprise will ensure minimal disruption of your everyday business process. Angelo collaborates with hardware and software experts to maximize productivity at a client’s office or while away on business by upgrading as technologies advance.
Reduce the time spent on administration through the implementation of a computerized payroll system that will facilitate processing timely payment and preparation of payroll tax return forms.
Cash flow budgeting and forecasting
Good cash management can improve a company’s liquidity, reduce costs and increase profitability. Angelo Di Fusco can help you maintain optimal cash flow levels by tracking sources and uses, forecasting and budgeting accordingly. Developing a financial projection for a new venture or business/real estate purchase is an integral part of a business plan. Angelo can help you to identify and unlock the value of the new purchase.
Personal financial statements
Personal financial statements can serve high net-worth individuals in obtaining loans, enter into various investment transactions, develop an estate, retirement or other financial plan or identify property during a divorce proceeding. Unlike businesses, individuals rarely maintain formal accounting systems or other historical records of what they own and what they owe. A personal financial statement allows someone to take stock in where they are at with their finances and where they want go.
Accounting for pension plans and estates
For large pension plans, an annual accounting may be necessary to file Form 5500. An estate may require an accounting before a distribution to the heirs can be made. The accounting for these situations is different than the standard accounting so Angelo Di Fusco can help.
Since Angelo Di Fusco assisted two clients during an IPO with their due diligence for the acquiring company, he has consulted other clients in buying and selling their businesses. Buying, selling or considering a potential merger can be a complicated process. Angelo uses careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, and evaluate financial and cash flow impact.
Financial Planning Services
Angelo Di Fusco is committed to help you reach your financial goals and maintain financial independence during retirement. Angelo is not an investment advisor and therefore cannot recommend investments. However, he collaborates with insurance professionals, financial planners, stock brokers, money managers and investment advisory firms to make sure your goals are met while your risk tolerance is not exceeded and ensures your portfolio’s after tax return is advantageous. If you are highly in debt and want to find a way out, Angelo Di Fusco can coach you to manage your debt. Angelo taught a seminar at Maui Community College on personal debt restructuring called “I Hate to Budget”.
International Business Consulting
Because Angelo Di Fusco speaks Italian fluently, he has Italian clients who have established US operations and Italian citizens who are working in the US. From a company’s inception through its growth and development, Angelo can advise on choosing a entity type and later restructuring if advantageous.
- Real estate
- Professional services
- Business management for entertainers
- Travel – vacation rental, agents
- Italian trade