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At Miller & Company, we aspire to make a difference in our client’s success because our relationship with our clients is that of concerned proactive advisor. The services we provide reflect this type of relationship with the depth necessary to help our clients meet the challenges in today’s business environment. We attempt to understand the industries in which our clients operate and we apply that knowledge to help them achieve their goals. We strive to match the best professional personnel with your needs. We ensure strong Miller & Company traditions through on-going training for our members and staff, professional integrity, and a keen acceptance of new ideas.
Consulting Services
Our firm is fortunate to have significant resources to assist you in evaluating a takeover opportunity or a merger possibility. Whichever direction you are evaluating, up or downstream, we can provide the guidelines to evaluating this outcome and counsel you during negotiations. We can provide support at any level, including quarterbacking the entire process. Experience can make this opportunity very rewarding.
There are times in a business life cycle when things do not go well. Too often management of a business waits until it is too late to make the necessary changes to maintain the business as an on-going concern.
No one wishes to admit defeat or failure. It is our belief that total failure is not an option, and a business downsizing is merely a setback with corrective action being taken. Our firm has the background and experience to work with you and your counsel to develop an appropriate response plan to meet your need
Business recovery requires identifying profitable areas, if any, of a business and concentrating the required resources to support the true profit centers. Business recovery also requires the appropriate utilization of assets and the protection of your cash flow.
There will be a day in everyone's life when one will not return to work. This reason can be caused by retirement, change in careers, death or disability. Whatever the reason, planning for the inevitable begins today. Creating value is a systematic process in which we may be able to help. We blend our knowledge of tax law, valuation, business experience, and mergers and acquisition knowledge to help you through the process of exploring how this change might take place and how to properly plan for it.
Developing a plan of action is not always easy to complete. It requires making long term decisions with the end in mind. This is a process and will continue to evolve as the business becomes more successful.
Miller & Company offers litigation support and valuation services. Along with Mike Miller of Miller & Company, the firm has developed affiliations with other professionals to assist you in meeting your needs. Whether you need valuation services for estate planning, transfers of ownership, S Elections, or litigations, we can assist you. Our consulting services are designed to complement the life cycle of a business and the specific needs required throughout the life of a business as well as the business owners. We can provide services on an independent or a non-independent basis depending on your needs. We design the engagement to match your needs.
We can provide assistance and expertise to help you identify and analyze problems and issues with financial systems, records or internal controls.
Accounting and Auditing
Compilations are monthly, quarterly, or annual financial statements prepared from information you provide. We do not audit your records or express an opinion or any assurance on their accuracy. Such financial statements are frequently requested by financial institutions and shareholders. We can assist you in appropriate financial statement presentation.
Reviews are financial statements prepared using analytical procedures and providing limited assurance on the results. Arkansas contractor license renewals must include a reviewed balance sheet. Other third parties may require similar review services.
Audited financial statements may be issued after extensive examination of your operations. This is the highest level of assurance service offered by certified public accountants. These financial statements are generally required to obtain an initial contractor’s license, for publicly traded companies, financing arrangements, on major vendor requirements as well as shareholder protection.
In lieu of a complete audit of your financial statements, you may elect to have certain agreed-upon procedures applied to allow the focus of our services to be specific to one or more areas. For instance, you may only need your year-end inventory valuation tested, or you may be concerned about the accuracy of your accounts payable transactions. Together, we will design a program specific to the items to be measured and design the related testing needed to accomplish your objective.
Whether you are planning to obtain your contractor’s license for the first time or renewing an existing license, let us assist you in the process. Whether you need audited or reviewed financial statements or assistance organizing your day to day transactions, we bring our expertise to the process.
Business Support Services
Is your company not quite ready to fully staff an accounting department? Let us act as your internal accounting department. We will assign a dedicated team to your business based upon the service package you decide best supports your organization. The service package would include any combination of services such as payroll, accounts payable, accounts receivable, purchasing, financial statement preparation, sales tax reporting, etc. We provide the trained staff and ensure these tasks are handled timely and efficiently.
Careful consideration should be given when choosing an entity type (i.e. sole proprietor, partnership, LLC, corporation, S-Corporation). Tax issues as well as liability issues should be considered. How you choose to operate can assist in the success of a business. Matters regarding year-end selection, multiple state reporting, general liability, utilization of tax basis, and other issues are part of determining the new entity organization and taxation. Additionally, there are numerous forms that must be filled out if you are to legally operate a business. Our professional staff will assist you in avoiding penalties and unnecessary aggravation.
Let our trained technology and bookkeeping staffs assist you with software selection, installation, and training. Our goal is to assist you in converting your daily operating activity into useful financial information. We accomplish this by selecting programs and systems that best fit the needs of your organization.
Our services include:
• Software selection • Financial statement and reporting design. • Training of staff. • Coordination of communication, assimilation of information, and creating reporting cycles. • Internal control considerations and design around software requirements and adequate controls.
Successful businesses generally do not “just happen” There is a plan and the plan is successfully implemented over a period of time. This allows results to be monitored, evaluated and affected by appropriate change. Operating and capital budgeting is a constantly evolving process. Measuring expectations against results is a good barometer to evaluate operation of your business and make the best adjustments.
Tax and Compliance
As any employer knows, payroll and the related reporting requirements can become very cumbersome and all too often costly when not handled properly. Let us eliminate all or part of this burden for you. We offer a wide range of services from complete payroll preparation to quarterly or annual reporting.
Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare tax returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations including all federal, state and local returns that are required. Tax law is constantly evolving. Our staff is attempting to understand how to use the law in practical ways to your best benefit.
Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities.
The planning of one’s estate is still as important as ever. Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the amount of 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. We have formed relationships with qualified attorneys to better benefit you in this planning process. We are also able to help you if you are the recipient of funds from another’s estate. We are able to help you structure your estate to meet your specific needs whether it is to provide financially for your heirs, fund your retirement, or provide funds for yourself while you can enjoy them.
Many of our clients are responsible for collecting and submitting sales and use taxes in many different types of vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.
You do not have to go alone. 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. Miller & Company can assist you in determining the appropriate scope of your reporting needs, and design an engagement to meet this need.
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