As the biographical data reflects, our credentials and experience bring the scope of our services beyond the norm. Our services do not end with the completion of financial statements and tax returns, but are ongoing.

 We take pride and derive much satisfaction from our clients’ success. 
 

Our services include:

  • Accounting & auditing
  • Tax planning & preparation
  • Business valuations
  • Management advisory services
  • Cash flow projections
  • Forecasting & budgeting
  • Financial & business planning
  • Systems analysis
  • Internal accounting controls
  • Chief Financial Officer services
  • Payroll services

 

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Bacall▪Conniff is proudly a member of the following assocations


In order to help our clients achieve their business, financial and professional goals, we maintain the highest level of professionalism, become totally involved in client relationships, and simplify the accounting process. We know that in order to effectively service our clients, it is imperative to know and understand the restaurant & hospitality industry and are therefore actively involved in various restaurant and lodging associations, voluntarily serve on industry committees, and regularly attend industry conferences and Board meetings. By bringing our clients an effective and time-saving accounting process utilizing technology, we are able to eliminate redundancy, reduce paperwork, and keep costs down.

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Value is Knowledge

Determining a process that works best for you is the key. Some of our clients have no internal office help at all. Because the software is so user-friendly (and we set it up to be turn-key), it is the owners themselves who actually enter the invoices, record the deposits, and write the checks. It is that easy. For others, they have their managers enter the invoices that fall under their control directly into the system. For example, because the bar managers accept the bar deliveries & approve the invoices, they are the ones who enter them into the system. And because only a handful of invoices are received each day, it is most efficient to enter them that same day. By doing so, they are not only "approving" the invoice for payment, and have confidence in their cost figures, but it eliminates the need for handling paper more than once (either by them or someone else). Eliminating redundancy keeps costs down. Other clients choose to have an "administrative assistant" -- not a bookkeeper or accountant -- who enters the invoices and daily sales information. Using this approach, they are able to delegate tasks. Good financial controls are always in place regardless of which method you use since the items entered into the system are always approved by management before the checks are paid, and the employees entering the invoices do not have access to check printing, checkbook balances, or a myriad of other functions. While the records are always up-to-date, good internal controls exist.

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Eliminate Redundancy

WE PREPARE:

-Monthly financial statements
-Monthly bank reconciliations
-Monthly meals & sales tax returns
-IRS Annual Tip Report
-Annual breakeven analyses
-Annual 1099's
-All Year-End accounting and corporate tax returns
(at no additional cost), including:
•US Corporation or Partnership Income Tax Returns
•State Business Corporation Excise Return

WE ADVISE:

-Ongoing tax planning strategies
-Budgets
-Business planning

WE MAINTAIN:

-Fixed asset records & detailed depreciation schedules
-General ledgers & journals

Want to keep your accounting internal or on the web?

There is no need to spend thousands of dollars on complicated accounting systems that then require a bookkeeper or accountant to run. Furthermore, these systems require someone to set them up and to design the financial statements, another cost involved. Keep it simple and get timely and meaningful reports - you can have both..

Our firm offers elective payroll services so that the entire accounting process becomes the responsibility of BacallConniff

The payroll process is simple, user-friendly, and cost-effective.

 
 

We have worked with many different not-for-profit entities, including:

  • Section 501(c)(3)
  • 501(c)(6)
  • Churches
  • Land Conservation
  • Parks
  • Educational Foundations
  • Museums
  • Trade Groups
  • Charitable Organizations
  • …and others

Services to our not-for-profit clients include compilations, reviews, audits and tax services including application for tax-exempt status. The type of report needed is often determined by the funding source or the governmental authorities. Further, entities that receive funding over certain levels from the federal government (either directly or indirectly) are required to have a Yellow Book Audit under Government Auditing Standards and OMB Circular A-133. Auditors must meet certain additional requirements in order to perform these audits and our firm meets these requirements. Our firm has performed many of these audits and a partner is on-site during the audit. 

Our services include:

  • Personal financial planning
  • Estate planning
  • Income tax planning
  • Retirement planning
  • Risk management planning
  • Tax preparation services
  • Tax planning

In some circumstances , trusts can be essential tools for family planning and/or tax planning and to protect assets. It also can allow control of the assets when passed onto the beneficiary. Our firm provides consulting to help determine if a trust is beneficial to our clients and work with them and their attorneys. We provide all tax filings for estates and trusts.

 

Contact us today, to learn more about how Bacall▪Conniff can serve your particular Trust or Estate needs.