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Services

Murray Petrey, PLLC provides a wide range of services to individuals and businesses in a variety of industries. At Murray Petrey, PLLC, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.

Our professional services include:


Accounting and Financial Reporting

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Murray Petrey, PLLC's accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, and tax planning.

These services include but are not limited to:

  • General ledger and financial statement preparation
  • Bookkeeping (Monthly, quarterly, or annual)
  • Accounting system setup and support
  • Payroll processing
  • Cash flow budgeting and forecasting
  • Personal financial statements
  • Corporate tax planning and return preparation

Tax Management Services

At Murray Petrey, PLLC, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.

These services include but are not limited to:

  • Tax Planning and Projections
  • Individual and Business
  • LLC’s, Partnerships, Corporations
  • Nonprofit Form 990
  • Federal, State and Local
  • Income, Payroll, Sales and Property

Audits, Reviews, and Compilation

Murray Petrey, PLLC's financial statement services comprise all three levels of assurance depending on your company's needs.

Audits

The objective of our audit is to express an opinion on whether your financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles. We will conduct our audit in accordance with auditing standards generally accepted in the United States of America and will include tests of your accounting records and other procedures we consider necessary to express an unqualified opinion.

Our audit will involve performing procedures to obtain audit evidence about the amounts and disclosures in your financial statements. The procedures selected depend on auditor judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the we will consider internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. Our audit will also include evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

Reviews

The objective of our review will be to express limited assurance that there are no material modifications that should be made to your financial statements in order for them to be in conformity with accounting principles generally accepted in the United States of America. We will conduct our review in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. A review includes primarily applying analytical procedures to management’s financial data and making inquiries of organization management. Procedures applied will be less in scope than an audit.

Compilations

The objective of our compilation will be to prepare your financial statements in accordance with accounting principles generally accepted in the United States of America based on information provided by you. We will apply our accounting and financial reporting expertise to assist you in the presentation of financial statements without undertaking to obtain or provide any assurance on those statements. We can perform recurring monthly or quarterly compilations, or an annual compilation.

Not-For-Profit Services

At Murray Petrey we work with many not-for-profit entities, including charitable organizations, social and community service organizations, religious organizations and private foundations.  Our services include the following:

Accounting Systems & Software – initial set-up, ongoing support, staff training

Bookkeeping – monthly / quarterly, our office or yours, online or remote access options

Payroll Services – processing payroll, payroll tax returns, year-end reporting

Financial Reporting – general ledger maintenance and financial statement preparation

Compilations, Reviews, & Audits – assurance work with guidance tailored for not-for-profit entities

Agreed-Upon Procedures – procedures designed by you to meet your objectives

Tax Planning & Return Preparation – Form 990, Form 990-PF, Form 990-T, state returns

Application for Income Tax Exemption – Form 1023 and Form 1023-EZ

We know the challenges that not-for-profit organizations face. With regulations and requirements from the Internal Revenue Service constantly changing, not-for-profit organizations have to be fully transparent when it comes to their accounting practices. We can help you remain current and compliant by meeting the unique accounting needs of your organization.

QuickBooks Setup and Support

QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.

Murray Petrey, PLLC offers the following solutions to help meet your QuickBooks needs:

Personal Training

We train you personally! Either one-on-one or several individuals within your organization at your company's location.

Installation

We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.

Setup

We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.

Support

Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.

Review

Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.

Entity Selection and Restructuring

Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Murray Petrey, PLLC can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

Payroll Services

Murray Petrey, PLLC's payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.

Cash Flow and Budgeting Analysis

Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Murray Petrey, PLLC can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.


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