If back office accounting isn’t one of your company’s core business functions, it often makes sense to take advantage of outsourced bookkeeping services. When you trust this administrative work to outside experts, not only are your employees free to focus on what they do best, but you can save time and money by leveraging this knowledge and financial management technology.

ICS offers professional bookkeeping services to companies of all sizes who are looking for process optimization and more accurate, timely and cost-efficient financial insights.

We can assist in areas that include:

• Bank Reconciliations
• Accounts Payable
• Accounts Receivable
• Sales Tax Filings
• Payroll Processing
• Cash Flow Forecasting
• Financial Reporting

We can also assist with accounting services such as quarterly and annual compliance reporting, tax preparation and planning services, and design and support the implementation of client managed accounting systems.

No one can predict the future perfectly, but we can all benefit from planning for it. ICS combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models. We are here to help you manage financial projections and forecasts, so you can make a plan and enhance financial performance. We have the tools and experience you need to optimize your financial opportunities, while staying up-to-date with Federal and State tax laws.

In a compilation engagement, we assist the company in presenting their financial position and results of operations in the form of a financial statement. The information presented is based entirely on the representation of management. The information is not audited or reviewed and accordingly are not designed to provide assurance on the underlying financial numbers but to reflect the performance and financial position of an organization.

ICS assesses whether material modifications should be made to a company’s financial statements in order to conform to the Statements on Standards for Accounting and Review Services (SSARS). 

Financial statement compilations are often prepared when a third party, such as a bonding agent, investor or bank, requires a company to provide their financial information in the form of a financial statement.

In today’s hectic business world, it is a challenge to juggle the day to day tasks that keep a business running efficiently. One of the most time-consuming tasks any business owner faces is payroll. Processing payroll involves much more than simply handing out paychecks - there are taxes, deductions, changes in payroll laws, year-end documentation and more.

As an experience payroll partner, ICS will handle check processing and printing, direct deposit, W-2 and 1099 processing, filing quarterly and annual payroll reports. All our services are offered electronically.

PAYROLL LOGIN

Workers’ compensation requirements vary depending on where you conduct business. To make sure your business has the appropriate coverage, ICS can provide recommendations on insurance specialists in your industry.

A workers compensation audit is conducted at an insurance company's discretion. It may be done by phone, mail or in person with an auditor. Workers compensation audits determine if the payroll and class codes quoted at inception accurately reflect the payroll and scope of work during the policy period. ICS can provide support for these audits and also ensure that sub-contractors had their own coverage in place. If not, you may be charged for their exposure on your policy.

ICS provides assistance to our clients through the audit process, whether by phone, email or in person with an auditor. We will mediate and liaise between the auditor and you in order to provide seamless and efficient service.

At ICS, our approach to audits and reviews addresses your unique needs in order to provide a clear framework for the audit process. Our review begins as we obtain an understanding of your business and draw on our expertise to produce reports that meet the highest industry standards. Our engagement teams include both partners and professionals who work collectively to ensure the personalized support you need to achieve your objectives. Our teams maintain regular communication in order to assure responsive service throughout the engagement and to keep you informed of advances within your industry. Constant communication with you is part of our world-class service.

Our goal is to provide the maximum return on your investment in the audit process through in-depth analysis of your financial statements, internal controls and overall business strategies, goals and objectives. Whatever industry your business is in, our advisors can help your organization be in a position of strength.

We serve clients in all industries, as well as not-for-profit organizations in the public sector. We provide a broad selection of audit and review services – from financial statement compliance audits to internal control reviews and attestation reports for financing activities. 

Our services include:

REQUIRED REPORTING, ANNUAL BUSINESS AUDIT 

• Financial Statement Audits
• Compliance Audits

REVIEWS OF INTERNAL CONTROLS FOR PROCESS IMPROVEMENT 

• Internal Control Reviews
• Advisement on Internal Controls + Procedural Enhancements
• Organization Reviews
• Operating Reviews

When a general review or compilation procedure is unable to provide the necessary level of assurance, ICS advisors are skilled in providing this level of assurance that combines the need to thoroughly understand your business goals with respect to the assignment with an independent verification of the findings and results. All our Agreed-Upon Procedure (AUP) engagements are customized to fit your requirements, and your specified users. We perform these services with knowledgeable and practical team members who are trained to deliver timely results to help drive improvements in internal controls that directly affect business growth.

Our AUP engagement teams are experienced with meeting the strict standards of the American Institute of Certified Public Accountants. We address concerns in the following areas, among others:

• Request by an entity acquiring a business
• Attestation report for the outsourcing of business activities to a third party
• Verification of cash and security balances
• Documentation of firm-wide business practices for privacy + security

Owner expectations from internal audits are higher than ever in today’s challenging and ever-changing business environment. New demands from the board, senior management and regulators require internal auditors to refocus their efforts beyond their traditional methods to address critical risks. 

ICS’ internal audit team follows a risk-based internal audit approach that is tailored to your needs. We can assist by outsourcing your entire internal audit department, co-sourcing with your team or routinely testing the significant internal controls within your business processes. The goals are to improve risk assessment, enhance internal audit quality and lower overall audit costs – as well as provide recommendations for improvements

Our advisors have deep expertise in helping organizations of all sizes and will strive to help your organization streamline efficiencies and protect your bottom line.

Our services include:

• Segregation of Duties (SOD) Analysis
• Internal Audit Co-Sourcing/Partnership/Outsourcing
• Fraud Risk Assessments 
• Pre/Post System Implementation Reviews

The Corporate Transparency Act is a new federal law that requires all business owners to register specific information about the owners, officers, managers and investors of their companies with the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of the Treasury.

Registration can be complicated, and business owners don’t always have time to figure it out on their own. ICS' licensed CPAs know how to comply with the CTA; we offer a simple, one-stop solution for guaranteed compliance. We will review your information and company governance documents to verify that all necessary information is correctly registered with FinCEN.

Get started here.

At ICS, we know that the best kind of estate planning means more than just drafting a will. It’s about building a comprehensive plan that protects and nurtures our clients’ assets for future generations.

For our clients, having an estate plan in place is crucial if they want to minimize the estate burden on their beneficiaries and ensure that their assets are distributed as they wish. Our estate and trust planning advisors work closely with each client to design a personalized estate plan that conserves wealth while reducing tax liabilities. Our team members are also keenly attuned to the ongoing legislative changes that impact estate plans and they proactively recommend changes that can help preserve both assets and wealth.

Our estate planning services include:

• Set Personal Goals + Objectives
• Estimate Net Worth
• Preserve + Build Wealth
• Ensure Adequate Retirement Income
• Determine Insurance Needs
• Minimize Estate + Other Tax Liabilities
• Maximize Trust, Gifting + Planned Giving Benefits
• Plan Efficient Transfer of Assets
• Monitor + Adjust Estate Plan as Needed

Whether you are an international organization involved in inbound transactions or a U.S. company looking to expand its outbound opportunities, you need a firm that can shoulder the heavy lifting with in-depth advice and expertise on tax laws and regulations in the jurisdictions that you are entering.

ICS’ international advisors have the expertise and technical knowledge required to deliver to individuals and businesses alike comprehensive tax planning, consulting and compliance services. Our engagement teams combine technical proficiency with genuine understanding of the U.S. and non-U.S. cultures and customs to help promote not just successful ventures but enduring relationships as well.

Our cross-border corporate clients rely on us for assistance with: 

• International Tax Planning
• Tax Return Compliance
• FBAR Reporting
• Income Tax Treaties Interpretation
• Review of Corporate Holding Structures
• Transfer Pricing Issues

And whether you are an American executive working abroad or a foreign executive in the U.S., our advisors can help reduce your tax burden and meet your tax responsibilities with the following specialized services:

• Individual Tax Planning + Compliance
• Investment Holding Structures
• U.S. Taxation of Nonresident Investments
• Estate + Gift Tax Treaties
• Tax Equalization Plans
• Social Security Taxation Issues

ICS advisors are highly knowledgeable about structuring business transactions, compliant business strategies, international taxation, reporting and compliance, investment and accounting concepts to successfully assist their clients navigate the various Employee-Based Visa Programs, whether they are a priority worker, advanced degree professionals, skilled or unskilled workers.

Our services include:

• Pre-Immigration Financial + Tax Planning + Assistance
• New Entity Set-Up 
• Economic Study
• Projections
• Accounting + Tax Reports

It is also possible to inadvertently become a U.S. tax resident by virtue of the substantial presence test. Simply stated, under the substantial presence test you can become a tax resident of the U.S. by spending too much time in the country. If this happens you could be subject to tax in the U.S. on your worldwide income as well as disclosure to the U.S. of certain foreign assets.

Tax planning and compliance are on a level all their own, requiring careful tracking, due diligence and strategic planning. As businesses grow and wealth increases, relying on a trusted tax professional becomes even more essential. 

At ICS, we understand the implications taxes have on financial planning for business owners and individuals. For that reason, our tax professionals specialize in helping our clients identify opportunities to avoid and mitigate unnecessary tax liabilities.

Leveraging a broad and deep understanding of the tax landscape for all individuals, our advisors bring a hands-on approach to client service. We secure thorough understanding of the personal portfolio in order to recommend strategies that will help grow wealth and avoid unnecessary tax burdens. Our advisors work tirelessly for our clients during cyclical tax periods, maintain regular ongoing communication, provide oversight on changing tax regulations and help assure compliance strategies are aligned with long-term planning scenarios.

Our tax planning services include:

• Preparation of Returns for Individuals
• Federal, State + Local Tax Consulting + Compliance
• Transactional Tax Planning + Structuring
• Estate + Trust Tax Planning
• Gift Tax Planning
• Tax Compliance Planning for Charitable Trusts + Private Foundations
• Tax Credit Compliance
• Tax Audits
• Representation Before Tax Authorities
• International Tax Preparation, Consulting, Planning + Compliance
• Sophisticated Tax Mitigation + Advanced Planning Strategies
• Strategic Tax Consulting + Planning

ICS is dedicated to providing business owners with the highest quality tax services and to helping reduce tax liability. We are well experienced in tax planning and compliance issues. Our tax specialists have a comprehensive understanding of international, federal, state and local tax regulations. We stay up to the minute on tax code changes and will help you understand how they affect individuals and businesses.

We discuss tax planning and related issues with our clients prior to year-end, and review tax law changes and interpretations to maximize tax saving opportunities. With an effective tax plan, we provide greater assurance of:

• Realizing Substantial Cost Savings
• Limiting Future Interest + Penalty Payments
• Achieving Desired Tax Results

ICS simplifies the entire process - to help clients meet their tax obligations and leave them in a position of strength.

In today’s increasingly regulated environment, exempt organizations face many of the same roadblocks as for-profit enterprises. With frequent changes in tax law, increased scrutiny by boards of directors and rising concerns about compliance and governance, exempt organizations regularly encounter an array of challenges.

At ICS, our goal is to transform those challenges into opportunities. 

Drawing on extensive knowledge and practical experience with exempt organizations of all types, our advisors provide a full range of services. We take the time to understand each client’s unique objectives and then provide the resources to translate those goals into actionable reality.

We assist clients in establishing and maintaining exempt organizations structure and advise on initial formation of the organization to qualify for tax-exempt status under IRS guideline and, where applicable, state requirements. Services include:

• Planning for Unrelated Business Income
• Planning + Compliance for Related Party Transactions
• Restructuring with Related Taxable Entities
• Charitable Donation Reporting + Compliance
• Designing Charitable Giving Strategies for Organizational Donors
• Representation Before the IRS + State Tax Authorities

Whether you are an international organization involved in inbound transactions or a U..S. company looking to expand its outbound opportunities, you need a firm that can shoulder the heavy lifting with in-depth advice and expertise on tax laws and regulations in the jurisdictions that you are entering.

ICS’ international advisors have the expertise and technical knowledge required to deliver to individuals and businesses alike comprehensive tax planning, consulting and compliance services. Our engagement teams combine technical proficiency with genuine understanding of the U.S. and non-U.S. cultures and customs to help promote not just successful ventures but enduring relationships as well.

Our cross-border corporate clients rely on us for assistance with: 

• International Tax Planning
• Tax Return Compliance
• FBAR Reporting
• Income Tax Treaties Interpretation
• Review of Corporate Holding Structures
• Transfer Pricing Issues

And whether you are an American executive working abroad or a foreign executive in the U.S., our advisors can help reduce your tax burden and meet your tax responsibilities with the following specialized services:

Individual Tax Planning + Compliance

Investment Holding Structures

U.S. Taxation of Nonresident Investments

Estate + Gift Tax Treaties

Tax Equalization Plans

Social Security Taxation IssuesAt ICS, we know that the best kind of estate planning means more than just drafting a will. It’s about building a comprehensive plan that protects and nurtures our clients’ assets for future generations.

For our clients, having an estate plan in place is crucial if they want to minimize the estate burden on their beneficiaries and ensure that their assets are distributed as they wish. Our estate and trust planning advisors work closely with each client to design a personalized estate plan that conserves wealth while reducing tax liabilities. Our team members are also keenly attuned to the ongoing legislative changes that impact estate plans and they proactively recommend changes that can help preserve both assets and wealth.

Our estate planning services include:

• Set personal goals + objectives
• Estimate net worth
• Preserve + build wealth
• Ensure adequate retirement income
• Determine insurance needs
• Minimize estate + other tax liabilities
• Maximize trust, gifting + planned giving benefits
• Plan efficient transfer of assets
• Monitor + adjust estate plan as needed

Whether you are an international organization involved in inbound transactions or a U..S. company looking to expand its outbound opportunities, you need a firm that can shoulder the heavy lifting with in-depth advice and expertise on tax laws and regulations in the jurisdictions that you are entering.

ICS’ international advisors have the expertise and technical knowledge required to deliver to individuals and businesses alike comprehensive tax planning, consulting and compliance services. Our engagement teams combine technical proficiency with genuine understanding of the U.S. and non-U.S. cultures and customs to help promote not just successful ventures but enduring relationships as well.

Our cross-border corporate clients rely on us for assistance with: 

• International Tax Planning
• Tax Return Compliance
• FBAR Reporting
• Income Tax Treaties Interpretation
• Review of Corporate Holding Structures
• Transfer Pricing Issues

And whether you are an American executive working abroad or a foreign executive in the U.S., our advisors can help reduce your tax burden and meet your tax responsibilities with the following specialized services:

• Individual Tax Planning + Compliance
• Investment Holding Structures
• U.S. Taxation of Nonresident Investments
• Estate + Gift Tax Treaties
• Tax Equalization Plans
• Social Security Taxation Issues

The complexity and constant changes of state and local laws and regulations can create confusion and difficulty for you and your business. ICS is committed to remaining informed of these changes as they happen. This is part of our commitment to remain proactive rather than reactive.

We focus on helping individuals and businesses navigate tax nuances. Combining highly-specific tax expertise and extensive experience, our advisors help ensure that tax matters are handled in a way that reflects a genuine understanding of your unique circumstances. We are relentlessly looking beyond to provide you with new opportunities. 

Our goal is to help you evaluate your tax strategies and ensure that you meet your tax obligations without paying more than you need to. 

Our services offered include:

• Tax Compliance
• Corporate Tax Reporting
• Individual Tax Reporting
• Payroll Tax
• Planning + Consulting
• Sales + Use
• Multistate Payroll
• Sales Tax Studies
• Transactional Conformity with Federal Laws
• Apportionment Analysis
• Audit Defense + Representations
• Credits + Incentives
• Voluntary Disclosures

From compliance and wealth planning to local, state and international consulting, our advisors can prove to be invaluable to an organization’s future as well as to its leaders’ financial position and peace of mind. Our engagement teams possess extensive tax and business advisory backgrounds across diverse industries.

Regular participation in a range of industry professional groups equips our tax advisors to identify, advise on and address the issues individuals and organizations face with efficiency and cost-effectiveness. 

Our goal is to proactively help you develop tax strategies that ensure maximum cash flow, minimum liability and compliance with ever-evolving tax laws to realize your ambitions. As a result, you can be confident that your best interests are a priority to us, regardless of the tax challenges that may arise.

Our tax services include:

• Employee Benefit Planning + Tax Compliance
• International Tax
• IRS Representation + Tax Controversies
• Personal Financial Planning
• Tax-Exempt Organizations
• State + Local Tax
• Tax Compliance + Reporting
• Tax Research + Strategic Planning
• Trust + Estate Planning

ICS has extensive experience representing clients in a wide range of situations involving and relating to tax controversy. Our continued success is due to our highly specialized team of tax advisors and the strong relationships that we have built with auditors at the local, state and federal levels.

If you are faced with a business or personal tax audit, our group will manage the process throughout and fight to obtain the best possible result at its conclusion. We are proactive in our approach and will advocate for you so that a swift resolution is reached. Our engagement team will take control of the examination process and represent you every step of the way. Our team works with you and the taxing authorities to ensure that you are being treated fairly and that the information being requested is reasonable. 

If during the examination process the taxing authorities take issue with a position that was taken on a return, our defense advisors will assist with reaching a favorable resolution. Our group can assist you in the following areas:

• Fast Track Settlements
• Appeals
• Penalty Abatement
• Offer in Compromise (OIC) 

Should you have an unresolved dispute after an audit or otherwise find yourself at odds with the government, our team of tax defense advisors will provide you with a wide range of options including, but are not limited to, long-term repayment plan, lien discharge or forgiveness of your tax debt.