Agreed-upon procedures are engagements in which we perform specified procedures and report findings to management. Agreed-upon procedures can also enhance the credibility of the information you provide to third parties, such as banks, regulatory agencies, prospective investors, or prospective purchasers.

At Paul C. Chen Accountancy Corporation, we understand that you are not the only user of your financial statements.  Banks, clients, and vendors rely on your financial information and may occasionally ask for independent audit assurance that it is properly stated and presented; this audit assurance is one of the services that we provide.  But an audit involves much more than simply looking at the numbers and presentation of the financials.  We are committed to working with you throughout the audit process to provide meaningful analysis and advice for the improvement of internal systems, policies and procedures.  From Financial Statement to 401k, HOA and Special-Purpose Audits, Paul C. Chen Accountancy Corporation has the knowledge and expertise to meet your assurance needs.

Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.

Choosing the form of entity of your business (e.g. “S” corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.

Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.

Prepare financial statements of private entities based on information provided by the entity’s management.

Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.

Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order

A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.

Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation

During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies.

As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.

We can assist you with the initial setup of QuickBooks for your business along with training on how to properly record transactions and how to use the software’s reporting abilities to provide helpful information for management.