Jennings Cook & Co., CPA's

• Preparing financial statements for credit or licensing needs
• Assistance in developing accounting systems and controls
• Audits – Audits offer the highest level of assurance to third parties
• An audit is an objective examination of the financial statements and the underlying financial records
• Reviews – Reviews provide a less extensive level of assurance than an audit, but more assurance than a compilation and involve inquiries and procedures to analyze the integrity of the financial data
• Compilations – In a compilation, financial information provided by company management is prepared in proper financial statement format
• No assurance or opinion is offered with a compilation
• Agreed-upon procedures – Agreed-upon procedures can be tailored to address a specific need or concern of a business
• Individual income tax returns – federal and all states
• Business entity income tax returns – federal and all states
• Estate and trust income tax returns – federal and all states
• Maintenance of fixed asset depreciation records
• Tax problem resolution including IRS and state audit assistance
• Choice of business entity Maintaining meaningful, well-organized financial records is critical to running a business efficiently and effectively However, many small business owners do not have the time or expertise to maintain such records Our firm assists numerous clients by providing comprehensive, cost effective and timely bookkeeping and accounting services to help them manage their businesses: Estate planning and trust formation requires complex analysis of each individual’s or family’s resources and future needs Developing a reliable, comprehensive estate plan should include consulting with both an attorney and a CPA Our firm offers essential services for the formation and maintenance of estate and trust matters:
• Tax planning and preparation
• Estate and trust accounting

Beware of little expenses. A small leak will sink a great ship.

The hardest thing in the world to understand is income tax.

If you don't drive your business, you will be driven out of business.

DOUGLAS P. SCHMIEDING, CPA

RUSSELL E. PADGETT, CPA

Life is really simple, but we insist on making it complicated.

Excellence is not an act, but a Habit.

A good decision is based on knowledge and not on numbers.

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