Services

Toland CPA Group, P. A. is a long-established accounting firm in Western North Carolina. We are a full-service firm. We offer tax, auditing, consulting and accounting services to businesses, non-profits, Trusts, Estates and individuals.  Those services include:

  • Attest Services (Audits, Reviews, Compilations)
  • Bookkeeping Services
  • Payroll Services
  • Tax Services
  • Business Management & Consulting Services
  • Quickbooks Consulting
  • Forensic Accounting
  • Valuation Services

Bookkeeping/Write-Up (Monthly; Quarterly; Annually)

Our on-staff bookkeepers will enter your monthly transaction information in bookkeeping software, or take your Quickbooks file, and produce monthly financial reports, reconcile your bank statements, provide your payroll deposit information and any other reports, such as annual subcontractors reports, as needed.

Payroll Preparation

We offer in-house payroll preparation, every aspect from calculating periodic payroll to preparing quarterly and annual federal and state reporting.  

New Business Set Up

We offer assistance with setting up your records and accounting software in your place of business. We can help train your staff in the use of the most popular accounting software, Quickbooks, and others.

Attest Services:

Financial statements of the varying levels are often required for banking, purchasing or other reasons.

We provide attest services in the following areas:

Audits -Audited financial statements provide the highest level of assurance as to the relliability of the statements. 

Reviews - analytical procedures and management inquiries conducted with limited assurance

Compilations – Summarize information in a financial reporting format based on client provided data with no assurance.

Industries served:

Not-for-Profit; For-Profit; Religious Organizations; Educational Organizations; Contractors; Property Owners; Fire Departments; Business Associations (501(c)(6).

Audits, Reviews and Compilations (Governmental; Not-for-Profit; For-Profit; Religious Organizations; Educational Organizations; Contractors; Property Owners; Fire Departments; Business Associations (501(c)(6))

We provide financial reporting in the following three areas:

  • Audits- an in depth examination with the highest guideline requirements and highest level of assurance.
  • Review- analytical procedures and management inquiries conducted with limited assurance.
  • Compilation – overview of information provided by the client with no assurance.

Tax Services

We offer tax planning strategies as well as the most up to date news and tax laws that can affect your tax liabilities. Our highly qualified and knowledgeable staff is ready to assist you in various ways in understanding and applying current tax law. Our tax services include but are not limited to:

Tax Planning & Return Preparation

  • Individual
  • Corporate
  • Partnership
  • Limited Liability Companies (LLC’s) & Limited Liability Partnerships (LLP’s)
  • Estate, Trust, and Gift Tax
  • Not-for-Profit Organizations
Taxation - Tax Audits and Tax Notices
  • Our experienced staff can provide representation before the Internal Revenue Service and States' Departments of Revenue in tax audits, tax controversies and responding to tax notices

Consulting

Our success depends upon the success of our clients. We strive to have the most comprehensive strategies available to help you achieve the highest levels of success with any venture you undertake. We offer consulting on many different levels to include but not limited to:

  • Divorce Issues
  • Buying and Selling of Businesses
  • Mergers and Acquisitions
  • Land Development
  • Litigation
  • Bankruptcy
  • Cash flow analysis
  • Sales & Use Tax Reporting
  • Business Property Tax filings

 

We Accept Credit Card Payments
For your convenence, we now accept payment by credit card.  We accept Visa, Mastercard and Discover Card.  We do not
accept American Express. 
Employee Misclassification in the Spotlight

Employee misclassification is int the spotlight as a way to reduce the tax gap.

Employee misclassification of workers as independent contractors is in the spotlight as the Government Accountability Office (GAO) and Congressional Research  Service (CRS) have released reports and recommendations on the issue.  IRS reportedly is embarking on an employment tax audit of selected employers nationwide, and a recently introduced bill would revammp so-called "Section 530" relief.

 The CRS recently summarized the employee-vs-independent contractor issue and reported that the last IRS estimate ws that 15% of employers misclassified 3.4 million workers as independent contractors rather than as employees causing an estimated total loss of $1.6 billion in taxes.  

Representative James McDermott (D-WA) has introduced legislation that would make it more difficult for employers to receive protection from a potentially large employment tax assessment after incorrectly classifying a worker as an independent contractor.  The legislation, if passed, would also increase information reporting penalties.