Accounting & Auditing

In today’s complex business environment, it is vitally important that companies retain professionals who are concerned not only with whether the financial statements fairly present the financial position and results of operations, but also are equally concerned with providing assistance that will aid management and stockholders in achieving their business goals and objectives.

Our services include:

  • Preparation of financial statements (compilation, review and audit)
  • Attest Services
  • Assistance in Financing
  • Budgeting
  • Fiduciary Accounting
  • Forecasts & Projections
  • Forensic Accounting
  • Litigation Support
  • Fraud Investigation

Bankruptcy Support

At JM CPA LLP our professionals are involved in all aspects of reorganizing and restructuring financially distressed businesses. Our professionals serve in a variety of capacities on behalf of shareholders, debtors, secured lenders, official and unofficial creditors committees, trustees and their related counsels.

From helping troubled companies with business reorganization or debt restructuring, to assisting creditors with obtaining the most favorable distribution of assets from companies undergoing formal bankruptcy proceedings or informal workouts, JM CPA LLP provides clients with a wide variety of services.

For Debtor

  • Assist in the preparation of Chapter 11 petitions and schedules and statements of financial affairs
  • Compile monthly operating reports for the court
  • Analyze and reconcile proofs of claims
  • Study disbursements to identify preferential payments and/or fraudulent conveyances
  • Advise and assist in the formulation of reorganization plans
  • Perform liquidation analyses
  • Project the tax consequences of transactions in a reorganization plan

For Creditors and Chapter 11 and Chapter 7 Trustees

  • Review and analyze financial results of the operations both before and after the petitioning
  • Evaluate and assist in the formulation and negotiation of reorganization plans
  • Verify secured claims
  • Analyze and reconcile proofs of claims
  • Study disbursements to identify preferential payments and/or fraudulent conveyances
  • Project the tax consequences of transactions in a reorganization plan

Business Valuation

JM CPA LLP offers business valuation services to both public and privately owned companies which require such services for a variety of reasons including:

  • Tax valuation
  • Business transactions
  • Intangible assets
  • Bankruptcy reorganizations and dissolutions
  • Strategic business planning
  • Litigation/arbitration
  • Minority interest discounts
  • Estate and succession planning
  • GAAP financial statement disclosures

Business valuation is a complex process requiring broad knowledge of finance and business, expert application of recognized valuation methodologies, and diligent adherence to professional standards. It is an art, rather than a science, in which sound business judgment based on solid experience in the discipline is of utmost importance.

Our valuation professionals are experienced, tested and certified by both the American Society of Appraisers and the American Institute of Certified Public Accountants.

In valuing business assets for our clients in conjunction with estate planning, and/or in anticipation of a potential merger or acquisition, we take a comprehensive approach.  We look at the elements that will determine the best value.  These include a detailed review of a business and its history, the financial condition of the company and the economic outlook of the industry in general, as well as the company’s metrics.  By analyzing “the big picture,” JM CPA LLP’s professionals provide clients with accurate and relevant planning tools.

Employee Benefits & Executive Compensation

Hiring and retaining the best talent is the foundation of any organization’s growth and success. JM CPA LLP offers a full-service department to assist in design and implementation of a company’s compensation system, as well as benefit and personnel programs.

Our services include:

  • Retirement plan design, implementation and review
  • Coordination of retirement plan and overall financial and estate plan
  • Welfare & health plan design
  • Audits of pension plan financial statements
  • Handling of IRS and Department of Labor examinations
  • Investment supervision consulting
  • Development and implementation of capital accumulation plans
  • Formulation of position descriptions, job classifications, salary schedules and performance appraisal systems
  • Design of executive retention programs
  • Custom designed compensation plans including: equity compensation and deferred compensation
  • Searching, identifying and presenting candidates to fill designated positions

Estate Planning

You have worked hard to accumulate your wealth. We work hard to maximize it through careful estate planning.  We can review your existing estate plan or construct a new one.  JM CPA LLP experts coordinate with other professional advisors to help secure your heirs’ financial security. We specialize in estate planning for high net worth individuals, dual earner families along with multigenerational planning, business succession and wealth transference.

Our services include:

  • Gift and estate planning
  • Trust administration
  • Charitable giving planning
  • General financial planning
  • Business valuation
  • Planning for the transfer of family owned businesses

Forensic Accounting & Litigation Support

JM CPA LLP’s forensic accounting experts provide the accuracy and credibility crucial in legal matters. Our practice includes investigative services, litigation support services and expert witness testimony in accounting matters.

We have provided these services in civil matters including contract disputes, proceedings before regulatory agencies, stockholder proceedings against management, mergers and acquisitions, damage computations, libel actions, investigations by news organizations, misuse of funds, bankruptcy, insurance claim disputes, equitable distribution matters, professional malpractice and stock churning.

In criminal investigative matters, we have participated in federal income tax fraud cases, bankruptcy fraud, commercial bribery, embezzlement, commodities trading fraud, securities fraud, product theft and tax shelter fraud.

High Net Worth & Family Office

JM CPA LLP’s High Net Worth and Family Office Services Group services high net worth individuals, their business, their families and charitable interests.  Our professionals cater to sophisticated and diverse family requirements with flawless execution, keen sensitivity and confidentiality.  Recognizing that each family is unique, JM CPA LLP carefully assesses individual family requirements and responds with a tailored array of financial, wealth planning and life management services.

Services Offered

  • Comprehensive bill payment and cash management
  • Consolidated reporting and tracking of all investment assets
  • Payroll administration
  • Risk management
  • Bank and credit reconciliations
  • Financial report preparation, analysis and review
  • Cash flow planning and projections
  • Life and disability insurance consulting
  • Concierge services
  • Compliance, planning and structuring to minimize tax liabilities
  • Trust and estate administration and planning
  • Wealth preservation and distribution strategies
  • Coordination of wealth transfer process
  • Succession planning

JM CPA LLP’s culture, systems and practices focus on complete security and confidentiality ensuring your privacy.

International Accounting & Tax

JM CPA LLP is one of over 250 independent member firms of MSI Global Alliance in more than 100 countries throughout the Americas, Asia-Pacific, Europe, Middle East and Africa regions.  MSI member firms are among the most respected, English-speaking, full service professional services firms in their local marketplaces, and share a common desire to provide partner-led, personal, value for money solutions to the cross-border challenges faced by entrepreneurial, small to medium sized businesses.  MSI Global Alliance was formed in 1990 in response to the growing need for cross-border cooperation between independent, professional services firms. MSI has steadily grown to become a top ranked, leading international association.

Our international assurance services include gaining an understanding of each assignment in the context of the global marketplace, as well as the  required local standards.  Your JM CPA LLP audit and accounting team member will meet with you to design a service plan that meets with your approval before work commences. This approach recognizes the need to consider alternatives available in the international marketplace, such as risk and service strategies, convergence, regulatory compliance, and access to capital markets.  Financial statement audits are at the core of our international assurance services.

Our international taxation practice includes working with minimizing global taxes dealing with inbound and outbound transactions; structuring of foreign operations to consider controlled foreign corporations, passive foreign investment companies, check the box opportunities; corporate and individual international tax compliance, etc.

Mergers & Acquisitions

Whether you are buying, selling or merging a business, planning is the key to achieving your goals. JM CPA LLP professionals have assisted many clients over the years, not only in establishing and implementing strategies for acquisitions, mergers and divestitures, but also in identifying, contacting and advising companies on techniques for dealing with potential candidates. Our practical experience and business contacts enable us to provide the advice necessary for a successful transaction.

The JM CPA LLP team provides due diligence services for purchasers of, or investors in, businesses. Due diligence can take many forms but principally consists of an analysis of the target’s business. Our focus is primarily on financial and tax matters but can also include commercial and operational issues. Our procedures are designed to provide reassurance to the prospective purchaser or investor that the information they have received from the seller is accurate and reasonable. Although a typical due diligence engagement covers the following areas, our procedures are tailored to the needs and desires of the client in each specific situation:

  • History/background of the business
  • Industry
  • Management/ownership transition
  • Workforce
  • Products/services and pricing
  • Accounting policies and practices
  • Internal control
  • Sales force, marketing and distribution methods
  • Customer base
  • Related party transactions
  • Net assets
  • Taxation
  • Commitments and contingencies
  • Information systems
  • Employee benefit plans
  • Environmental issues
  • Cash flow, project projections and business plan


JM CPA LLP is currently involved in fulfilling the accounting function for many of our clients. These businesses have outsourced their entire accounting function to us, while maintaining full control over cash and financial information.

Outsourcing offers timely, easy-to-access, reliable accounting systems. This ends the burden of maintaining your own software. Online help speeds you through accounting information inquiry functions accessed via E-mail or through the Internet.
We can coordinate a company’s bookkeeping, payroll, billing, collection, budgeting, taxes and more. This costs far less than creating an in-house accounting department. You save money on office space, salaries, benefits, etc. and obtain the expertise of our trained CPAs and accounting personnel.

We support our clients as they learn to use the various accounting programs. We also help determine your company’s accounting needs and how to maximize use of the various reports, budgets, analysis and other accounting information offered by the software. A variety of on-demand and preformatted reports are generated, including:

  • Balance Sheets
  • Income Statements
  • Trial Balances
  • General Ledgers
  • Accounts Payable Journals
  • Other Budgets, Analysis, Tax Projections, etc., Custom Designed
  • Analytical Reviews
  • Bank Reconciliations

In addition, we respond quickly to government inquiries and correspondence, coordinate the transfer agent processing of K-1’s and other related investor information, and handle any type of audit related to financial information.

SEC Filings & Compliance

JM CPA LLP is a registered public accounting firm with the Public Company Accounting Oversight Board (“PCAOB”) which allows us to offer consulting and other services to publicly traded companies here and overseas.  Allowing you to have confidence in our work because we are subject to PCAOB oversight with a commitment to quality services in preparing and reviewing Form 10-K, 10-Q, 11-k and 8-K filings.
JM CPA LLP is also ready to help your company achieve compliance with the reporting requirements of the Sarbanes-Oxley Act.  We can:

  • Consult with your company’s management team on all of the planning, coordination, testing, and evaluation aspects of the internal process required by Section 404 of the Sarbanes-Oxley Act.
  • Assist your company’s management team in the documentation and testing of significant processes by providing resources necessary and by becoming part of the team assigned to perform all the documentation requirements under Section 404 of the Sarbanes-Oxley Act.
  • Assist in the time-consuming documentation process and the comprehensive resources required to successfully develop an approach, make key decisions, identify significant accounts and processes, develop a testing strategy, interact with external auditors and resolve issues that arise during the process.

State & Local Taxation

JM CPA LLP’s dedicated staff of state and local tax professionals keeps abreast of state and local developments.   As members of various accounting society state and local tax committees and government advisory panels, we are often asked to comment on proposed legislation as well as changes to tax forms.   No matter what jurisdiction you currently or anticipate operating in, we are able to analyze the impact that income, franchise, sales and use, payroll and employment taxes have on your business.

As part of this analysis we can:

  • Determine in which jurisdictions returns are required;
  • Advise regarding structures and transactions to minimize the multistate tax burden, and
  • Develop ways to minimize tax audits and assessments.

In today’s economic environment, state and local tax audits are more prevalent than ever.  Our team of professionals has vast experience handling tax audits and works with the various state and local governmental officials to help ensure a fair resolution.

Tax Services

Our tax department specializes in the preparation of tax returns for high net worth individuals and for corporate, partnership and exempt organizations. We also provide tax planning for individuals and closely held corporations, family tax planning, plus representation before the Internal Revenue Service and other state and local governments.

Our services include:

  • Research and consultation on tax aspects of proposed transactions (including securing rulings from the Internal Revenue Service)
  • Special studies in areas such as changes in accounting methods
  • Identification of planning opportunities
  • Monitoring of continuing tax exposure areas.

We direct our efforts to the anticipation and resolution of potential problems, as well as the discovery and use of opportunities to reduce current and future tax liabilities.

Communication of Tax Developments

We are constantly advising management on the latest developments in tax matters with potential impact on their companies and employees. We mail monthly alerts in which we summarize any changes in tax laws and constantly keep our clients informed of year-end tax planning strategies.

Transaction Advisory Services

JM CPA LLP Advisory Group, LLC provides its services to financial institutions and corporations, including private equity funds, investment banks, banks, hedge funds and mezzanine lenders.  These services are provided both domestically and internationally.  Our diversified industry experience and our integration of accounting, tax, consulting and time tested transaction experience make us well qualified to assist in closing transactions.

We have assembled a highly motivated team of trained professionals and partners including tax attorneys who respond to the investing, lending criteria, due diligence and monitoring requirements of our clients.  We believe our due diligence reports provide the critical information that is necessary to assist our clients with making crucial and timely decisions.  Our approach is unique and our partners are totally involved with each and every transaction from start to finish.

Our consulting principles including the following:

Our response to a request for service is immediate.  We quickly gain an understanding of the critical element of the engagement and develop a tactical approach.  This enables us to develop the appropriate team for the engagement.  As a result, we are able to respond quickly to the institution or client with our preliminary findings and significant issues.

This encompasses:

  • A strategic approach – quick understanding of needs and critical issues
  • Proactive communication with all parties involved – no surprises!
  • Analysis of key findings and recommendations
  • Use of technology – capturing a company’s data files, web access, unique application of software and, at times, 100% recalculation of data and testing of computer logic
  • Independent analysis of financial and operational information, systems and controls and other data, to evaluate and test the performance of the specified company or transaction
  • Investigating market forces in a particular industry influencing a transaction or business utilizing internal and external capabilities
  • A comfort level that when the transaction is completed, the target company will be absorbed into the acquirer’s or lender’s financial profile

Our Services include certain key areas of focus:

  • Systems analysis and evaluation of internal accounting systems
  • Initial due diligence and continuous monitoring of portfolio companies.
  • Mergers and acquisitions encompassing the purchase or sell side of a transaction
  • Transaction structure advice, transition and post transaction consulting
  • Analysis of management forecasts and cash flows and working capital needs
  • Forensic accounting
  • Crisis restructuring and workout engagements
  • Litigation support
  • Alternative solutions to transactions
  • Assessment of company’s quality of earnings
  • Review of the current filings and tax reporting requirements, both domestic and internationally, to assess tax risks and opportunities.
  • Assistance in tax structuring
  • Technology due diligence