Audit Services

 Access to accurate and timely financial information is essential for proper and successful management of any organization.  HMD provides various types of audit services aimed at providing assurance to financial statement users that the reported financial information is valid, complete, timely, clerically accurate and properly and adequately disclosed.

 These audit services include the following:

• Financial audits and reviews
• Single audits in accordance with OMB Circular A-133
• State and local grant compliance audits
• Internal audits
• Operational audits
• Business process audits
• Fraud audits
• Due diligence audits

Accounting Services

 In order to have accurate and timely financial information it is necessary that a consistent and reliable accounting function be in place.  HMD provides a consistent and reliable accounting function for a variety of not-for-profit organizations and small, closely held businesses.  HMD provides various accounting services ranging from basic bookkeeping services to ‘shadow controllership’ services. 

With the assistance of HMD, businesses are able to maintain accurate and reliable financial information from which small business owners are able to make business decisions.  Our accounting services include: 

§         Compilations

§         General accounting services

§         Payroll services

§         Selecting and implementing integrated accounting software

§         Implementing accounts receivable, accounts payable, inventory, fixed assets and payroll functions within an integrated accounting software

§         Accounting software training

 Tax Services

 In today’s economy, tax planning is a year-round process.  HMD meets regularly with clients throughout the year to anticipate and identify significant tax-saving opportunities and to develop appropriate strategies for each client.  Additionally, HMD distributes recent industry changes affecting our clients that inform them of new tax laws and other applicable changes in tax law interpretation for the purpose of proactive tax planning.

 Our tax services include: 

§         Income tax return preparation for individuals, partnerships, limited liability companies, employee benefit plans and not-for-profit entities

§         Tax planning – overall and for specific business transactions

§         Quarterly and annual payroll tax return preparation

§         Sales and use tax return preparation

§         Obtaining and disseminating information on advance rulings from the IRS

Business Advisory Services

 HMD provides knowledgeable professionals to assist clients in meeting their strategic and operational goals.  Our business advisory services are designed to meet the needs of business owners for timely advice and information.  These services are focused on assisting business owners with establishing infrastructures that will serve as the foundation of their businesses upon which their businesses will grow.  HMD professionals are able to provide a wealth of ‘real-world’ business, industry and professional experience to small business owners while providing the following services: 

§         Business process reengineering

§         Business and accounting policy development

§         Operational diagnosis and restructuring

§         Business and not-for-profit incorporation filings

§         Not-for-profit tax exemption application filings