Services
If you’re looking for a firm that will focus on your individual needs, and always treat you like a client who matters, look no further. Our firm is large enough to offer a full range of professional services, but small enough to give you the individual attention that you deserve.
We will thoroughly and conscientiously study your personal situation, and tailor our advice to your specific needs.
At Lee, Mongelli & Associates, the successful management of your finances is our top priority. We pride ourselves on giving you personalized and thorough service that meets your business or individual needs.
Lee, Mongelli & Associates provides a full range of tax and accounting services for our clients. Below is a detail of those services. If you do not see the service that you need, please give us a call to discuss the issue.
Tax Preparation & Planning
Effective tax preparation and planning can help you to minimize your future tax liability. We can help you proactively manage both your personal and your business tax issues, including understanding how upcoming business opportunities impact your tax status and vice versa. Not all tax planning opportunities are readily apparent. By having us on your team, you are more likely to benefit from those opportunities. We understand how the latest federal, state and local tax legislation and other developments affect you and your business and we are constantly identifying new ways to reduce federal, state or local tax liabilities.
We are dedicated to minimizing your tax liability and maximizing your after-tax income. Our tax services team provides detailed, timely and cost-effective solutions using state-of-the-art tools and techniques. Our experienced staff offers excellent service at every level of client contact for a variety of clients.
At Lee, Mongelli & Associates, our tax experience is not limited to federal income tax. We also have extensive state and local tax experience. This allows us to help you plan and manage all potential tax liabilities.
We specialize in relationship-driven, principal-managed service for businesses. Successful relationships are built on more than tax planning and compliance. Lee, Mongelli & Associates believes that a responsible professional maintains an active and ongoing interest in all areas of a client’s business.
Lee, Mongelli & Associates’ tax related services include:
- Tax Planning
- Income Tax Consulting and Preparation
- State and Local Tax Consulting and Preparation
- Estate & Gift Tax Consulting and Preparation
- IRS, State and Local Representation and Negotiations
- Entity Selection and Structure Consulting
- Asset Protection Consulting
- Business Acquisitions, Dispositions and Valuations
Bookkeeping/Write-Up
If your business does not currently have accounting staff or if your business is outgrowing its current bookkeeping system, we can provide comprehensive bookkeeping and write-up services to ensure the smooth operation of the financial side of your business. As your business needs grow and change, we can provide input and planning assistance to make sure your accounting and financial systems keep pace with your business needs.
Business Entity Selection
The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc.— that you select for your business has enormous financial and tax implications. It is important that you make the right decision. We can explain each choice and its implications. As your business grows and changes, the type of business entity you choose may need to change also.
Buying or Selling a Business
Few business decisions are more important, complex and potentially business altering than a buy or sell decision. When you are ready to sell your business, we can provide support at every step, including valuing the business, vetting potential buyers, and supporting due diligence. If a buying opportunity presents itself, we can help by providing valuation services, developing negotiation and financing strategies, and managing the due diligence process.
Estate & Trust Tax Preparation
Estate matters affect everyone. By taking proactive steps today, you can ease the way for your heirs during a very difficult time. We can work with your legal counsel to help you to structure your estate and trusts to minimize taxes and ensure the smooth transition to your heirs. We are available to handle all estate and trust tax-related matters.
At Lee, Mongelli & Associates, we know you have worked hard to get where you are. We will work with you to help protect your assets for the future. We can coordinate with your attorney to help develop a plan and prepare now to minimize estate tax liability and make sure that your assets are distributed according to your plan.
Lee, Mongelli & Associates’ estate planning services include:
- Gross Estate Determination
- Estate Planning
- Estate Plan Implementation
- Trust Planning and Implementation
- Representation Before Taxing Authorities
Financial Analysis
When a business is able to undertake strong financial analysis, it opens up new opportunities to improve management, planning and decision making. Financial analysis provides the numbers to support, reject or contemplate a course of action. Prospective analysis can show how situations may evolve under various scenarios, providing a new dimension to decision making. We are ready to provide this type of financial analysis to support the continued prosperity of your business.
Payroll Services
Constantly changing federal, state and local laws and tax regulations make payroll management an ongoing challenge for business owners. Our payroll services professionals are well versed on these laws and regulations. We can proactively alert you to material changes that will affect your business and your employees while also keeping payroll running smoothly no matter how large your business and your employee population become.
At Lee, Mongelli & Associates, we realize that as a small business owner you would rather be running your business than spending time doing your own bookkeeping. We can take care of your books for you, so you can minimize your bookkeeping frustrations and maximize your time.
Well organized and accurate financial statements help our small business owners make decisions for their businesses future as well as have a firm grasp on where their business currently stands.
Lee, Mongelli & Associates’ accounting and payroll related services include:
- Bookkeeping
- Payroll Services
- Financial Statement Preparation
- Preparation of Sales and Use Tax
- Preparation of Personal Property Tax
- Accounting System Setup
Sales Tax Services
State and local tax authorities are looking to maximize sales tax collections. We can help you understand and manage your sales tax obligations and prepare sales tax returns in an efficient and timely manner.