Ericksen, Krentel & LaPorte, L.L.P.
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| Your organization will always need to provide third parties with financial information. Our range of services begins with auditing, accounting, tax planning and preparation. We do not stop with just the reports and tax returns--we interpret our findings to help you plan for the future. You will benefit from our insight in various ways. For example, we can show you how to economize your operations. We will also develop strategies for minimizing future tax liabilities. That is what we mean by value-added. You will always receive more for your money when you have Ericksen, Krentel & LaPorte on your team. In order to be the best advisors we can be to our clients, Ericksen, Krentel & LaPorte has focused on developing experience in the specific industries of the clients we serve. We have pooled our internal resources to form teams of CPAs and consultants for these industries. This commitment and focus allows us to anticipate and meet the specific needs of the following business areas: |
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| General Accounting |
| Not only will we put together your monthly, quarterly and yearly financial numbers,we will also interpret what they mean to the continuation of your business.We can help your organization make the most of its internal accounting system. If you are ready to computerize your manual accounting systems,we will design and implement them for you.We will tailor your computerized systems to accommodate your ongoing growth. |
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| Tax Services |
| Ericksen,Krentel & LaPorte’s tax professionals understand the intricacies of tax management.Whether you are balancing your business books or your personal portfolio, our specialists can lead you through the maze of tax management.Working with our tax professionals will enable you to identify critical issues and benefit from a wealth of technical experience. |
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| Audit |
| Ericksen Krentel & LaPorte performs audits of businesses, governmental, not-for-profit organizations and other entities.Audits are often required where a company has significant loans outstanding or where an organization wishes to raise additional capital from third parties.During audits we take a close look at the organization’s accounting controls and operating environment.We also look at source documents like invoices and cancelled checks.The key to the delivery of successful auditing services is proper planning and execution by experienced auditors.Our commitment to quality and many years of experience ensures that our work meets a very high standard and is delivered on time. |
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| Information Technology Services |
| Better use of technology can lower costs and improve efficiency by helping increase staff productivity, reduce staffing levels, and reallocate resources in more profitable ways.Our technology professionals can assist you in the implementation of your accounting systems.We are familiar with a variety of accounting software systems including, but not limited to, Solomon, Peachtree, and Quickbooks.Because we serve clients in a variety of different industries, our technology professionals can provide insight to help you make wise technology investments,maintain efficient operations, and claim a competitive advantage in technology deployment. |
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| Claims Resolution |
| The key to accurately evaluating a loss claim is the ability to obtain complete financial information regarding the claimant/insured’s occupation or business.The mutual goals of the insured and the insurer are to mitigate loss, return to normal operations as quickly as possible, and to resolve the claim in a reasonable period of time.All this should be done while maintaining positive professional relationships with all who are involved.Accurately projecting the profits that would have been earned but for a particular insured event requires an understanding of both the insured’s financial reporting and managing of its affairs, before and after loss.This understanding can only be achieved after reviewing many claims over a wide variety of business sectors.We have the skills and depth of experience to provide you with a realistic and effective valuation of a business interruptions claim. |
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| Small Business |
| We can help your small business, start-up business, or new division put together and implement a business plan, and assist you in securing financing. We will follow-up to ensure smooth execution of the plan. Because we take a personal interest in the success of both you and your organization,we are always ready to provide additional services to maximize the results from your efforts at Ericksen Krentel & LaPorte, we specialize in helping closely-held businesses increase their efficiency and profitability. |
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| Trust & Estates |
| Our Personal Financial Specialist (PFS) emphasize planning tailored to fit our client’s needs. Because every individual is unique, each estate plan is too. We educate our clients about tax and legal structures and advise them on how best to provide for those they wish to benefit and how to leave the least amount legally required to the government.The most recent addition to our service capabilities hinges on our relationship with our affiliate company, EKCL FinancialAdvisors, a registered investment advisory firm. |
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| EKCL Financial Advisors |
| The most recent addition to our service capabilities hinges on our relationship with our affiliate company, EKCL FinancialAdvisors, a registered investment advisory firm. EKCL FinancialAdvisors provide access to money managers for both individuals and businesses. |
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| Construction Industry Experience |
As a service provider to businesses within the construction industry, the staff is experienced in a variety of accounting, taxation, financial administration,management issues and procedures relevant to the construction industry.Our professionals are active members in the Association of Builders & Contractors and in the Construction Financial ManagementAssociation. • Job costing litigation/arbitration support |
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| Hospitality Industry Experience |
• CostAccounting |
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| Maritime Industry Experience |
Our professionals are experienced in providing audit, tax and consulting services to a variety of clients within the maritime industry. Tugboat Operators |
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| Non-Profit & Government |
At Ericksen,Krentel & LaPorte,we serve many non-profit organizations from state and local governments, Indian tribal governments, higher education institutions, public and private foundations, charities, associations, arts and culture organizations, research institutes, religious organizations and educational organizations. • Financial statement audits |
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| Professional Service Firms Experience |
Practice Management Evaluation Tax Planning and Financial Management |
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| Retailing Industry Experience |
| Consulting and Advisory Services • Strategic planning consultation • Financial revitalization • Strategic sourcing services • Best practice benchmarking Tax Compliance and Consulting Services Ericksen,Krentel & LaPorte’s audit professionals offer three levels of assurance services to retailers: audit, review and compilation. |
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| Business Valuation Services |
| Businesses are frequently valued in divorce cases, business disputes, tax matters and a variety of other legal and business contexts. Our experience in accounting, taxation and economics provide our clients with business strategies and solutions that work. We provide independent, knowledgeable and credible valuations that will withstand the scrutiny of the taxing authority, the courts and others. Ericksen Krentel & LaPorte can provide valuations for the following situations: • Allocation of Purchase Price • Bankruptcy and Reorganization • Buy-Sell Agreements • Charitable Gift Planning • ESOP’s • Divorce • Economic Damage Calculations • Gift and Estate Tax Planning • Insurance Claims • Merger and Acquisitions • Pursuing and /or Defending Litigation • Shareholder Disputes • Built-in Gain / Intangible Value |
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| Litigation Services |
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When faced with a myriad of challenges in preparing a case, you may need to address financial, tax and accounting issues. At Ericksen Krentel & LaPorte, we can help you identify these issues and enhance your ability to use them in a prudent and strategic manner. From sorting through cumbersome data, to analyzing significant financial and tax ramifications, our efforts will enable you to organize and quantify pertinent financial information. Litigation support from an experienced firm is not only important, but also often essential to the service attorney’s provided to their clients. Our efforts before trial are often as important as during the trial itself. We often assist in the discovery process by developing document requests, helping prepare interrogations, conduct interviews, assist in pre-trial depositions and review and critique opposing counsel’s financial expert reports. |
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| Forensic Accounting & Investigations |
The goal of a forensic engagement is to prepare an analysis to eliminate the need to speculate. Taking on the role of a forensic accountant and investigator, we decipher and uncover transactions and personnel activities that may have intentionally or unintentionally adversely affected an individual, business or organization. Depending upon the engagement, this process can employ one or more of the following techniques: • Review of public records In divorce cases, attorneys commonly turn to us to provide forensic accounting services. These services assist in identifying missing assets, transfer of funds, underreporting of sales and income and search for dissipation of marital assets. |
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| Expert Testimony |
As Certified Public Accountants and credentialed business valuation and forensic accounting professionals, we provide expert witness testimony in many different circumstances. Some of these include: • Business Disputes |
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| Matrimonial Dissolution & Support |
All matrimonial actions start with a common goal - to identify the total “marital estate.” As forensic accountants, we are often retained to help attorneys and their clients analyze complex financial issues in connection with a matrimonial matter. In many instances our involvement begins right at the start of the discovery process.These services commonly include: • Analyzing personal and business tax returns Forensic investigations are also often needed to determine other financial issues when a couple divorces.These commonly include: • Determining income available for spousal maintenance and child support |
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