OIL AND GAS
The oil and gas industry has many special rules and regulations. It is especially important that we, as advisors, understand what those rules are in order to best assist you. Whether it is an assurance service or a tax engagement, we believe that we have the expertise to meet your needs. Our services include agreed-upon procedures, bookkeeping and payroll services, business and management consulting, business valuations, income tax return planning and projections, preparation of property and sales tax return, and reporting on audited, reviewed, and compiled financial statements.
CONSTRUCTION & REAL ESTATE
Construction and real estate companies are facing challenges in this economy, requiring management’s constant attention to every aspect of the business. We understand the critical relationships that construction and real estate companies must maintain with their clients, banks, and bonding companies. This industry requires unique accounting services, such as job costing and complex revenue recognition calculations. We have provided accounting and consulting services for construction clients for over four decades. By partnering with Hanson, you not only benefit from our specialized accounting and consulting services, you also benefit from our ability to tailor solutions to your unique needs as a construction company.
Professional service firms operate to provide tailored services to clients based on their unique and individual needs. These firms often operate with workers who are highly educated in their field, such as law, medicine, consulting, marketing, or real estate. Many professional service firms simply lack the resources to maintain the company’s financial records. We offer a wide range of accounting services to help these companies stay current with their finances and reporting requirements. We provide regular bookkeeping services and prepare monthly and quarterly financial statements in order to supply you with accurate financial information you can rely on, while you concentrate on serving your clients.
MANUFACTURING & DISTRIBUTION
Manufacturing companies have been most affected by the recent recession and increased competition resulting from the expanding global economy. It is more important than ever for companies to operate efficiently by controlling costs, managing inventory, and to make wise decisions that mitigate the tax impact of their operations. We provide many services that will assist you in addressing these important issues, including overhead allocation, cost analysis, FIFO and LIFO inventory analysis, and tax planning services.
Due to the economic turmoil of the last few years, the advertising industry has faced many challenges. Marketing budgets tend to be one of the first items companies consider when cutting expenses. Digital and social media marketing has caused a decline in hard copy advertising and other traditional outlets. We provide accounting services to balance your advertising efforts in the appropriate direction for your business’ clientele. We can facilitate expansion online, as well as support traditional marketing services in TV, cable, radio, publishing, and beyond.
Whether it’s manufacturing, distribution, retail or restaurants, the food and beverage industry is one of the largest employers in the United States. However, the success of an individual business depends on its ability to provide quality products and service to its customers. We ease your challenges by providing a full range of accounting services, allowing you to focus your efforts on the daily operations of running your business.
Technology is everywhere. We know technology changes rapidly, along with the business opportunities to capitalize upon its market. Companies have to work smarter, faster, and more efficiently than ever before. We know the technology industry requires a unique skill set when providing accounting and tax services. Here at Hanson & Co., we provide share-based compensation plans, research on tax credit studies, strategic planning, tax structuring, valuation consultations, as well as various other business consulting.
Over the past decade, retailers have had to respond to not only what the consumer wants, but how the consumer expects it sold and delivered. Consumers now make purchases from the comfort of their own homes or from mobile devices. The use of the internet has expanded and created new markets around the world, but it has also increased competition for local businesses. Controlling costs and managing inventory are essential to your success as a retailer. We provide advisory and accounting services that can help you develop effective budgets, analyze inventory, and produce accurate financial reports, giving you the tools to make well-informed decisions.
Contrary to common perception, non-profit organizations must be well managed and profitable in order to fulfill their important missions. Organizations that promote public health, education, religious, scientific, or social welfare causes are known as 501(c)(3) organizations, and they are eligible to receive tax-deductible contributions. The rules for non-profit accounting and IRS reporting are often more complex than those for other for-profit businesses.
Because non-profits often provide an important social function through service to clients and members, they must be effective, efficient, and good stewards of their limited resources. We are committed to non-profit organizations that serve our community and helping them achieve their goals. We provide services throughout the life of the non-profit: the application for designation as an exempt organization; advisory services including accounting and software assistance; attest services including compilations, reviews, and audits; and IRS reporting including the Form 990 annual information returns.
As a business owner, the financial needs and goals of your business are important, but they don’t stop there. You are affected individually as you bear the costs and reap the rewards of owning a business. Tax and financial planning must extend beyond the entity and down to the individual level. We provide tax planning and compliance services, as well as accounting and bookkeeping services, to individual owners of closely held businesses and wealthy individuals alike.