Services

Employee Retention Credit

• The Employee Retention Credit (ERC) is a refundable federal payroll tax credit designed to encourage businesses to retain their employees through COVID-19. The Employee Retention Credit is available to both small- and mid-sized businesses. It was signed into law on March 27, 2020, as part of the CARES Act. The bill was significantly expanded in 2021. This credit can provide up to $26,000 per employee across the 2020 and 2021 tax years.
• Boos and Associates’ ERC experts are recognized COVID relief thought leaders. Our great experience enables our team to think creatively within the confines of IRS regulations to maximize the benefits of the ERC.

Federal Hiring Tax Credits

• The Empowerment Zone Employment Credit was created to promote and sustain economic and community development in targeted areas.
• Employers conducting business in an Empowerment Zone may be eligible for up to $3,000 per year in Federal Tax Credits for each qualified employee.
• Employers can receive a credit every year the qualified employee lives and works in the Zone.

Work Opportunity Tax Credit ("WOTC")

• For employees who work 400 hours or more for an employer in the employer's tax year, the WOTC credit can be as much as 40% of the "qualified first year wages" paid to such employees during the tax year. This may result in a potential Federal Tax Credit of between $2,400 and $9,000 (or more under certain circumstances) per qualified employee.
• Credit is available to all companies regardless of business location.

Our services include:

• Audits of financial statements, including reviews of quarterly financial information
• Review services on historical financial statements
• Compilation services to assist in the preparation of your financial statements
• Benefit plan audits and compliance evaluations

Our audit, review and compilation services are designed to provide independent analysis of your financial reporting and bring credibility to your financial performance for investors, financial institutions, and stakeholders.

Our ultimate goal is to not just provide audit services that focus on numbers and compliance, but to help our clients better understand their business. We look to provide year-round services and information in order to inform our clients of financial and regulatory developments that impact their business.

Our tax services include but are not limited to:

• Corporate tax preparation and compliance
• Tax preparation for individuals, trusts and estates
• Corporate reorganizations
• Tax opinions
• Tax compliance and reporting for entity structures
• Comprehensive tax planning for businesses, individuals and estates
• Multi-state taxation and nexus issues
• International taxation

We are committed to providing timely and comprehensive solutions for tax return preparation and compliance services. Our commitment to understanding our clients' detailed tax data, along with our extensive technical expertise in tax code and agencies, enables us to address our client's needs and anticipate tax planning situations.

Our tax professionals are dedicated to timely responding to our clients' questions and deadlines throughout the year, not just during tax season.

At Boos & Associates, tax time is ALL the time.

Examples of Boos & Associates business advisory services are:

• Business entity selection
• Business performance reviews
• Debt review and restructuring
• Business succession planning
• Buying and selling a business
• Initial public offerings assistance
• Financial forecasts and projections

Throughout a business' long journey, there are many changes in direction. Our professional advisors can help with every turn and bump along the way. We can offer you fresh and unbiased perspectives, new ideas and options, help with the development and implementation of workable plans, and clarity with regard to complex financial issues.

Our business advisory services allow you the flexibility to rely on expert business advice and knowledge when you need it most.

With our services you have professional resources at your disposal to help build the right strategic plan to achieve your goals.

Boos & Associates has a number of programs geared toward optimizing your tax positions. Some of which include:

• Tax accounting and inventory method changes
• Tax credit studies
• Fixed asset and cost segregation studies
• Entity restructuring to minimize state and local taxes
• FAS 109 and FIN 48 consulting
• Individual tax optimization and Estate / Gift planning

Our Strategic Tax Review services provide significant value to your business by generating tax savings through identification and implementation of a variety of tax planning strategies.

Our Strategic Tax Review services concentrate on the reduction of U.S. federal tax, foreign taxes, state and local taxes, and sales, use and excise taxes, and on maximizing refunds of these taxes.

Boos & Associates Wealth Planning services include, but are not limited to:

• Portfolio analysis
• Retirement planning
• Insurance planning
• College funding
• Asset protection
• Personal financial planning
• Estate and gift planning

Our wealth management services are designed to develop comprehensive plans for our clients that will generate maximum wealth preservation.

We're dedicated to growing, preserving and defending the wealth you have worked so hard to accumulate by utilizing tax planning to defer income and reduce taxes on income, estate and gifts, investment gains, and retirement distributions.

Boos & Associates Accounting Services and Outsourcing options are flexible and customized to meet your needs. You can choose between short-term or long-term assistance options for all services offered. Our services include:

• Accounts Payable, Accounts Receivable, Monthly Payroll
• Month End Bookkeeping Assistance
• Journal Entry Assistance and Training
• Cash Flow Forecasts & Projections
• Financial Statement Preparation
• Complete Outsourced Accounting Department Functions
• Interim / Part-time Controller

Our accounting assistance and services allow you to maintain a clear picture of your financial status, while affording you the time to focus on customer relationships, product development and client or sales growth.

Using the most advanced solutions available today, Boos & Associates can help you will all your bookkeeping and payroll needs by providing you with comprehensive options that are convenient, accurate, timely and secure.

We support and offer various accounting software applications such as:

• QuickBooks
• Xero
• Payroll CS
• And more

Our goal is to evaluate your needs, assess your current accounting software, and work with you to implement and utilize the best accounting software to meet your business needs. 

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We work closely with our clients to understand the intricacies of their business and the specific circumstances for which a valuation is needed. Business valuations can assist our clients in:

• Succession planning
• Business sales and acquisitions
• Benefits planning
• Divorce negotiations
• Estate planning
• Negotiations among stockholders or partners

Our professionals combine deep industry knowledge with a clear understanding of economic value drivers to skillfully balance the facts and circumstances of every situation.

Our valuation professionals hold the professional designation of Certified Valuation Analyst (CVA) from the National Association of Certified Valuation Analysts. The certification process is rigorous and requires a significant amount of specialized experience in performing business valuations.

Our IT consulting experts can provide your business with assistance and advice regarding:

• Information Technology Strategies & Implementation
• Network Infrastructure & Security
• Data Management & Encryption
• Desktop Support & Maintenance

We can help our clients in the following: paperless office implementation, security assessments, span and virus control, virtual private networking, remote access, server and desktop vitalization, wireless deployments, VoIP, and network security.