Getting an outside perspective on your business’s financial standing can be a vital part of staying compliant with regulations in your industry and moving forward to reach your goals. With a professional accounting team by your side, you can have people who understand what to look for when performing an audit. Pasquesi Sheppard LLC has decades of experience with auditing services in the Chicago metro area. We can assist you with both internal and external audits to ensure your business has all its finances in order and is ready to present a strong account of financial records when needed.
Auditing services aim to help your business gain an understanding of how well it’s performing financially and whether it’s complying with tax rules and regulations. Internal auditing focuses on providing information that can make your business more profitable, while an external audit is done to ensure your company is keeping accurate and compliant financial records. Both types of audits can provide an objective view of your company’s finances to ensure you get a detailed picture of ways to improve or make changes that demonstrate an ability to grow, repay debt, or attract investors.
You may need to first conduct an internal audit if the IRS or other government agency requests an external audit. After an internal audit, you’ll know exactly what your business needs to work on so you have everything in order for an external audit. However, regularly performing internal audits gives you the insight you need to keep your business on track with financial goals and avoid any issues that can arise if you receive a notice for an external audit. Having a professional accountant who is familiar with your business’s finances is the best way to get accurate auditing services.
Since 1975, Pasquesi Sheppard LLC has provided accounting and auditing services to clients throughout the Chicago area of Illinois. Our clients include small businesses, nonprofit organizations, individuals, and families. We work with you so you can get an outside perspective on the financial health of your business. You can use the records and statements we provide to help you direct your management team toward your goals. With us on your team, you can save time and effort by allowing our team of professionals to prepare and present the information you need to gain an understanding of where your finances are.
We help you organize your financial records and come up with an accounting system to ensure you always have the information you need when you need it. Our top priority is the security of your financial information, and we work to keep your data safe in our accounting system. Through our auditing process, we can spot any irregularities or problems with your accounting procedures and work with you to mitigate risks that may arise. Working with us gives you a detailed view of your financial status and what you can do to improve and grow.
To get your company on track and keep it on track with its financial health, we highly recommend performing an internal audit. Our auditing services start with a consultation to gauge your needs. If you’re looking to increase profits, we’ll need an overview of your entire financial situation, including profit and loss statements and tax documents. If mitigating financial risks is a bigger concern, we’ll need information about your current resources and their allocation. For external auditing preparation, we may need to do an in-depth analysis of your business’s finances.
Once we have the information we need, our team can look it over. After we evaluate your situation, we’ll create a report that makes the information easy to understand. We can offer suggestions and recommendations to help you reach your goals. With our report, you can present the information to your team so they understand where you are and where you want to be. Or use our reports as evidence to show that your company is compliant with tax laws if you are subject to an external IRS audit.
In addition to auditing, we offer a comprehensive array of accounting services.
Located in Lake Forest, Illinois, Pasquesi Sheppard LLC has proudly served the North Shore and the greater Chicago metropolitan area since 1975. We specialize in providing tax preparation and financial planning services for closely held private businesses and their owners, high-net-worth individuals and families, and non-profit organizations.
We maintain a highly confidential online client management system through our website. This provides a safe space for communication between our expert partners and our clients.
We also provide helpful answers to common questions about taxes and financial planning on our blog. If you have a burning question about a tax issue, there’s a good chance that we have researched it and provided some information about it there. You will find advice on strategies for saving money on taxes and avoiding any potential pitfalls in managing your personal or company finances.
Through the years, our business has grown the old-fashioned way: organically through referrals and word of mouth. By providing excellent service and expert advice about all tax matters, we have formed close, enduring relationships with a broad client base.
We would love to work with you and help you prepare for your financial future. Contact Pasquesi Sheppard LLC today and let us know how we can help you achieve your goals.
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