Our long standing traditions benefit our clients by providing personalized quality service that is beyond comparison. Homes, Lowry, Horn & Johnson, Ltd.’s team of Certified Public Accountants, management consultants, and Certified Financial Planners™ provide a wide range of accounting, tax, and consulting solutions to help businesses and individuals achieve their business potential and personal financial goals.
Our philosophy of service recognizes that we can best serve our clients by being in contact throughout the year and maintaining open lines of communication. From initial handshake to final signature, our clients deserve the best we can offer. HLHJ tracks industry specific regulations and related issues and provides clients with advice on financial operations, management, accounting, tax developments and business decisions that help clients make sound business decisions.
Backed by today’s technology and rigorous standards, HLHJ tailors its services to meet our client’s needs. HLHJ is committed to providing timely, quality service with courtesy and personal attention.
Agreed Upon Procedures (AUP)
Our audit professionals perform specific procedures, requested by you, based on your issues and needs. We can work with you to determine the type and extent of procedures to be performed. Although we do not issue an opinion on the report, we will provide a detailed report of the procedures and our findings that will help you improve your accounting process.
Audits, Reviews and Compilations
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on all three levels of assurance:
- Audit - an intensive examination with the highest level of assurance.
- Review - some analytical procedures conducted with limited assurance.
- Compilation - based upon client information provided and used primarily for internal use.
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.
We work with regional banks to customize field examination procedures that fit the bank's collateral and valuation needs. We understand the need for quick results and can provide a detailed report of our findings and recommendations in a timely manner.
We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.
If you are looking to fulfill your company’s CFO and controllership needs but don’t want to hire a full time employee, our experienced professionals can assist with the day to day accounting operations such as, but not limited to, invoicing, processing payroll, calculating employer profit sharing and match contributions, maintaining fixed assets, reconciling bank statements, and much more. We can also assist with setting up accounting and time keeping systems as well as manage project spending.
For our government contractor clients, we can assist with calculating indirect and wrap rates, paying GSA fees, entering invoices into the WAWF and IPP Federal systems and setting up job costs in order to track and manage jobs in a timely manner.
In the human resource department, we have professionals who can set up new employee benefit packages, assist with workers compensation audits and reports.
Retirement Plan Audits
We have an experienced team that specializes in Retirement Plan Audits and are on the leading edge with all the latest regulatory requirements. We are members of the AICPA Employee Benefit Plan Audit Quality Center (EBPAQC) and insist on the highest quality standards for all audits.
Statutory Financial Audits
We provide statutory financial audit and compliance services to ensure your organization is compliant with government or industry reporting requirements and regulations. We strive to add value by helping your organization navigate through the complex and different reporting requirements. We use the information obtained from these services to help your organization identify and resolve issues in order to improve your business operations.
Business Entity Selection
Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.
Business Succession Planning
Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company's day to day operations. With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.
Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
Mergers & Acquisitions (M&A)
Our professional staff can offer comprehensive solutions to complex M&A transactions such as asset vs. stock sale; built in gains; federal, state and local taxes, and purchase price structure. With more than 50 years of financial and tax experience, we can help you find the best solution to your M&A needs.
Pension & Profit Sharing Plans
Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs…) can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.
Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.
Estate & Trust Tax Preparation
Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies.
As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.
Sales Tax Services
Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.
Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities.
Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.