Services

Introduction

Smith, Adcock and Company provides a wide range of services to individuals and businesses in a variety of industries. At Smith, Adcock and Company, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Our professional services include:

Tax Services

Income tax planning
Income tax projections
Estimated tax payments *
Entity selection *
Tax return preparation

  • Individual Income Tax (1040)
  • C-Corporation Income Tax (1120)
  • S-Corporation Income Tax (1120S)
  • Partnership Income Tax (1065)
  • Trust and Estate Income Tax (1041)
  • Gift Tax (709)
  • Estate Tax (706)
  • Employee Benefit Plans (5500)
  • Non-profit (990)
  • Payroll
  • Property Tax Returns

IRS problem resolution
IRS audit representation
Nexus analysis
Look-back calculations
Estate and gift tax planning
Payroll withholding analysis
Sale or purchase of a business

Accounting and Auditing Services

Financial statement services

  • Audits
  • Reviews
  • Compilations

Agreed upon procedures
Forecasts and projections
Consulting
Cash flow analysis
Bookkeeping
Assist with financial planning
General ledger maintenance
General business advice
Depreciation schedules
Amortization schedules
Employee benefit plan audits
New business formation
Contractor’s state prequalification statements
Quickbooks assistance
Profitcentsfinancial analysis **

Construction Accounting Experience

General contractors
Sub-contractor/specialty trades
Road and heavy highway construction
Homebuilders and residential developers

The construction industry, unlike many other industries, has a specialized set of accounting rules and tax regulations.  Our team has the experience and knowledge necessary to ensure that your current financial statements are meeting the needs of your bankers, bonding agents, investors, and underwriters.

Financial and Tax Services

  • Audits, reviews, and compilations
  • Tax planning strategies
  • Multi-state contractor licensing
  • Percentage of completion method
  • Completed contract method
  • Accrual method
  • Fixed asset accounting
  • Look-back calculations *
  • Overhead rate analysis
  • Financing analysis and procurement
  • Forecasting and budgeting
  • Asset protection strategies
  • Strategic planning
  • 263A allocations
  • Domestic  Production Activities Deduction (DPAD)*

Business Advisory Services

  • Job costing
  • Bonding, insurance, and licensing assistance
  • Profitability analysis
  • Gross profit analysis
  • Banking and debt issues
  • Other special consultations