Services
Over 20 years of experience offering bookkeeping and accounting services, tax preparation services, audits of financial statements, as well as reviews and compilations of financial statements in Miami Lakes, Coral Gables, Coconut grove, Kendall, Hialeah, Doral, Miami gardens, Miami beach, Aventura, Miramar, Pembroke Pine, Hollywood, Miami, Miami Beach and North Miami.
Accounting and Bookkeeping
Gutierrez Madariaga, CPA P.A., has a value added team of professionals that are dedicated to your accounting and bookkeeping services needs. We provide accurate and comprehensive financial statements and in-depth business analyses. Engaging with a third-party accountant, such as our firm, can offer many benefits to your organization including analysis of revenues and expenses, fraud prevention, and improved internal controls.
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Our accounting and bookkeeping services includes:
- Data Input – We enter your transactions into your QuickBooks file on a monthly basis.
- Proper account mapping – We assign all transactions to appropriate income and expense accounts.
- Reconciliation of bank and credit accounts – Your statements can be mailed or emailed directly to us for reconciliation.
- Payroll management – Manage your payroll and maintain your payroll records. Also, can prepare and manage your required quarterly and annual filings.
- Year-End Reports – Provide you with information needed for you or us to prepare your taxes.
- Outsourced CFO Services
In addition, the accounting and bookkeeping department provides payroll and sales tax compliance services including completion of forms such as 941’s, 940’s, RT6’s, 1099’s, W-3’s and W-2’s.
Audits, Reviews And Compilations of Financial Statements
Our audit department at Gutierrez Madariaga, CPA P.A., follows the notion that one must understand their industry. Understanding the operations of the client is key to the success of any audit, whether it is a nonprofit, governmental, or for-profit organization. The firm’s audit practice has been subject to the AICPA’s mandatory Peer Review every 3 years and has received unqualified (clean) opinions on all occasions.
The firm also provides other assurance services such as compliance auditing, reviews, and compilations. Communication with the client is the most important part of any audit. At the beginning stages and during the audit, we meet with the client to discuss all significant matters. At the completion of the audit, our firm will make a presentation to the Board of Directors or Owners to explain the results, and inform management of any findings and ways to improve.
I) Planning
II) Fieldwork
III) Reporting and Presentation
We take into account various risks when performing a risk assessment that may include identifying the following:
- Strategic Risk
- Operational Risk
- Compliance Risk
- Fraud Risk
- Financial Statement Risk
- Market Risk
- Credit Risk
When our firm provides a presentation, we understand that some management or Board members may not necessarily be trained in accounting or finance. Therefore, we deliver the presentation understandable to the audience.
Agreed Upon Procedures
Agreed-Upon Procedures offer flexibility compared to other engagements such as audits, reviews, and compilations. A client can engage with an accounting firm to provide a designated number of procedures of their choice that may be outside the scope of a regular audit, review, or compilation, as long as there is an agreement in place.
Agreed-Upon Procedures differ from the typical other forms of engagement in that they do not offer an opinion, should not provide negative assurance, and they are not necessarily attached to a fiscal year.
Consulting Services
Gutierrez Madariaga, CPA P.A., works around the needs of our clients and provides strategic business and operational planning and overall general business advice.
Consulting services include:
- Management consulting and financial information reporting design
- Internal operation reviews
- Profit improvement studies
- Accounting software consulting
- Due Diligence and Transaction Services
- Forensic accounting and litigation support
- Agreed Upon Procedures
- Benchmarking
- Internal Audit
Forensic Accounting
Gutierrez Madariaga, CPA P.A., uses our audit and investigative knowledge with accounting skills to identify perpetration of fraud and to discover matters that are complex. Our extensive experience helps us stay one step ahead of fraud perpetrators and fraud schemes.
Our firm’s forensic accounting services include:
- Attorney’s trust account investigation and defense
- Court testimony
- Evaluation of internal controls to detect fraud, embezzlement or misappropriation of funds
- Examination of abuses by corporate officers or employees to detect hidden or undervalued assets, diverted or unreported income, and inappropriate expense allocations
Taxation
Our tax department provides tax preparation, consulting and compliance services to individuals, corporations, S corporations, partnerships, limited liability companies, trusts and estates, and not-for-profit entities. Our firm has extensive experience with domestic and international tax matters. We will assist you through the many returns you may be required to file.
Tax planning is a crucial part of the filing process. Our firm takes the extra step in advising on the best tax strategies. Our firm approaches the tax planning and preparation process so you can focus on operating your business.
With so much diversity in the world, our firm assists you with any international tax issues, such as:
- Tax planning and tax return preparation
- Legal entity structure planning for international operations
- International entity reorganizations
- Tax residency determination
- Investment by non-residents in U.S. real estate
- Investment by U.S. residents in foreign real estate
- Expansion of U.S. businesses to other countries
- Tax treaty issues
- Other matters requiring tax consulting
Exempt Organization / Non-Profit Tax Compliance
Tax Exempt Organizations are required to final an annual Form 990 tax return with the Internal Revenue Service (IRS). Our firm is involved with various non profit organizations, and we are able to ensure your Organization is compliant in every aspect of the Form 990. We understand the potential implications of answers which are provided in the Form 990 regarding policies and procedures, expanded reporting requirements in areas such as executive compensation and tax-exempt bonds, and additional information required. Our firm will assist you in every way to ensure the Form 990 is completed accurately, completely, and submitted timely.
Employee Benefit Plan Audits
Gutierrez Madariaga, CPA P.A., performs various employee benefit plan audits, including audits of pension, health and welfare, and 401(k) plans subject to the regulatory authority of the Department of Labor and the Employee Retirement Income Security Act.
Our Employee Benefit Plan capabilities include:
- Multi-employer (Taft-Hartley) Pension Plans
- Single Employer Defined Benefit, Defined Contribution, 401(k) plans, 403(b) Plans
- Full and Limited Scope Audits
- Department of Labor Master Trust Filings
- Plan Accounting and Financial Statement Preparation
- Information Systems Support
- Implementing Current Accounting Pronouncements
- Testing for Compliance with IRC and ERISA Regulations (e.g., Discrimination Testing)
- Testing Compliance with Provisions under Collective Bargaining Agreements
- Data Extraction Tests to Identify Specified Participant Data or Pension Characteristics
Quickbooks Consulting
Gutierrez Madariaga, CPA P.A., offers consulting to small and mid-sized businesses and organizations that utilize QuickBooks accounting software. QuickBooks is an accounting software program that can help you save time and money. In order to fully benefit from using the software, it is critical that the software is installed and structured with a proper chart of accounts in accordance with your industry.
Our firm offers QuickBooks assistance with installation, set-up, training, custom reports, and on-going support to assist your organization’s personnel. In addition, we have the experience and knowledge necessary to help you successfully implement QuickBooks into any corporation or organization.
Step Up For Students Agreed Upon Procedures
Gutierrez Madariaga, CPA P.A., provides the Step Up For Student Agreed-Upon Procedures report to various schools and day cares in South Florida. If a school in Florida is receiving more than $250,000 in Step Up For Students scholarship funds, the program requires the school to submit an Agreed-Upon Procedures report from an independent accountant.
We understand the benefits that the Step Up For Students scholarship fund provides to the students in the State of Florida. Our firm highly values this when performing the services related to the report. All reports are completed in a timely and efficient manner to ensure that the school meets the eligibility requirement for the following year to receive funds.
The Children’s Trust Program Specific Audit
The Children’s Trust program requires a program specific audit for various organizations contracted with them. Our firm is very familiar with the programs funded by The Children’s Trust and the completeness and thoroughness of our testing and reports is reflected in the reports.
For each report, Gutierrez Madariaga, CPA P.A. provides:
- Independent Auditors’ Report on the Schedule of Expenditures and the Schedule of Budget to Actual Expenditures of The Children’s Trust Contracts
- Independent Auditor’s Report on Compliance For Each of The Children’s Trust Contracts
- Report on Internal Control Over Compliance; Report on the Schedule of Expenditures of The Children’s Trust Contracts
- Report on the Schedule of Budget to Actual Expenditures of The Children’s Trust Contracts
- Schedule of Expenditures of The Children’s Trust Contracts
- Schedule of Budget to Actual Expenditures of The Children’s Trust Contract
- Notes to the Schedules
- Schedule of Findings and Questioned Costs
Our firm has been included in The Children’s Trust’s vendor pool of CPAs.
