Bookkeeping and Financial Accounting Providing Support on all Fiscal Matters So much of your success in business depends on making quality financial decisions. And those decisions are based on the integrity of your accounting system.     Quality in the financial area relies on three things:   Organization Timeliness Accuracy We can help you in the financial area in three ways: 1. SourcePro-   Our outsourced bookkeeping solution. We can take care of the day to day bookkeeping details for you, taking your books all the way to the financial accounting level. If you have a bookkeeper on staff, we can provide our services on a monthly, quarterly, or on an as needed basis, to make adjusting entries, assist you in analyzing your financial reports or work on special projects. We have experience with several accounting software packages and can train your staff to use these systems. Additionally, several staff members at the firm are Certified QuickBooks Pro Advisors. 2. Financial Accounting-   The traditional CPA service area. This service area includes creation of financial statements and reviews, as well as set up and documentation of internal controls and accounting processes. This area also includes budgets, year end planning, projections and assistance with obtaining financing for equipment, working capital, etc. We also may act as an "on-the-spot" controller or outsourced CFO as needed.   3. Analysis-   Using the numbers to understand what is happening in your business, on a project or in a business deal is crucial for all business owners. We assist clients by looking not only at bottom line, but also the activities that drive the numbers. We work with your historical financial information to help you plan for stronger revenues in your future. "The bookkeeping services provided by O&C have been extremely valuable to me and my business. The work is done right, on time and is much more cost effective than employing an in-house bookkeeper. By outsourcing we have a specialist for those critical activities." "The monthly review and planning meetings I have with partner Bill Colangeli have proven critical in our company's growth, improved profitability and in our improved service offerings. Not only has working with O'Malley & Colangeli been an important key in improving my business, but it is a pleasure to work with them. They are one of the rare businesses that really seems to care about their clients and providing them with top notch service and value." -Rich O'Neil, President Masterwork Painting, Inc., Bedford, Massachusetts

Tax You Have to File, So Make the Most of it You may not want to pay your taxes every year, but how frustrated would you be if you were overpaying every year? Having the right professional to plan for your long-term and short-term goals and to lower your tax liabilities can be invaluable to your business. Our group of tax professionals will ensure that your business is in compliance with the latest tax laws, plan for and prepare your tax filings and assist with any issues that involve state or government agencies regarding your taxes. Individuals may also use our services for tax planning, advice and preparation.        We may provide tax services for:   Corporations, LLCs, Individuals, Not-for-profits Estate, gift or trust taxes Sales and use tax Federal, state and local taxes Property taxes Multi-state - entities We may provide the following tax planning and related services: Taxpayer representation in tax examinations   Structuring your business - choice of entity, retirement plan, etc. Fourth quarter corporate tax planning Industry specific tax strategies Multi-state tax planning Individual tax planning

Management Advisory Above and Beyond Crunching Numbers You may be very technically good in your business. However, there are times when an objective advisor from our firm can help make your decisions easier. A management advisor from our firm can help you create realistic goals, assist in management decision making, and increase effectiveness and efficiency by suggesting changes to your business structure. We may assist in the following areas: Management advisory Structuring of your business - choice of entity, accounting software, payroll service, insurance provider, lawyer, etc. Structuring buy/sell agreements Succession planning Employee performance management Retirement plan comparison/selection Projections, forecasting and budgeting Time/productivity analysis Cash flow analysis Reduce expenses/control costs  Job costing Assistance obtaining financing Copyright © 2006 O'Malley and Colangeli, CPAs, PC.  All rights reserved.