Services

Audits
Financial Statement Audits At Newburg & Company, we provide quality assurance services to help ensure that our clients' financial statements meet the regulatory and business requirements under which they function. We are dedicated to providing our clients with efficient, effective and independent audits of financial statements, including attestations of internal control reporting. Our emphasis is on timely fieldwork/planning and getting to know our clients' businesses well. Typically our accounting team would connect with your organization several times a year as part of our planning process. We instill a team approach where partners, managers and staff are readily available to assist with your questions in a timely manner.

Audits of Employee Benefit Plans Employee benefit plan audits require highly specialized experience to properly instill the changing rules and regulations set forth by the Department of Labor and Internal Revenue Service. As a result, it is essential that companies choose the right audit firm for their employee benefit plan audits. Newburg & Company, LLP recognizes that auditing employee benefit plans is an industry-specific service that requires specialized experience and knowledge. Without this industry experience, a certified public accountant may lack the necessary qualifications to perform such an audit.
We value the communication process and emphasize planning and organization to help facilitate a smooth audit. In addition, we assist clients in understanding the audit and compliance requirements related to their plan. Newburg & Company, LLP will work with our clients and their plan service providers (e.g., third-party record keeper, investment trustee, payroll service and actuary) to coordinate all phases of the plan audit.
Benefit plan audit services include: ∞  Defined benefit (pension, cash balance)  ∞  Defined contribution (401(k), profit sharing, ESOP)  ∞  Health and Welfare ∞  Full-scope  ∞  Limited-scope  ∞ 

SAS 70 Audits If you host data and/or process data for others, there is a strong likelihood that you will require a SAS 70 Audit. The following include examples of SAS 70 benefits:
Allows companies to provide their clients and prospects with an independent third-party review of internal controls
Is often accepted by interested parties such as clients, clients' auditors and regulatory agencies as a substitute for sending in their own auditors
Often results in numerous operational and internal control enhancement opportunities
An SAS 70 report allows the business owner or management to have a sense of security and pride that their controls are adequate.

Management Advisory

Newburg & Company, LLP is proud to offer you advisory services that go beyond finances. We work closely with a diverse group of legal, pension, and insurance professionals to meet all your needs.

Newburg & Company, LLP provides a broad range of consulting services:  ∞ Litigation Support  ∞ Court Designated Forensic Investigations  ∞ Operational Audits  ∞ CFO Advisory Services  ∞ Merger/Acquisition Consulting  ∞ Business Combinations  ∞ Organizational Issues  ∞ Financing Options  ∞ Accounting Software  ∞ Consultations and Coordination of Business/Financing/Tax Efficiencies

Newburg & Company, LLP'S Management Advisory Services also provide evaluation of various business process redesigns, accounting system evaluations and implementation strategies.

We believe a collaborative team approach is the best method for providing total client service. We service clients in additional areas, such as compensation, tax structure, financial planning, and asset protection strategies.

Business litigation involves evaluating the financial facts and economic issues surrounding a dispute. Newburg & Company, LLP can provide the accounting, tax and financial support you need in a courtroom. This includes collecting relevant information as well as analyzing case documents and consulting with legal counsel. We assist litigators in identifying and organizing key issues, relevant facts and case strategies.

In addition, businesses may be required to file under the protection of the bankruptcy laws. In these situations we assist the company and representative legal counsel in administering the case through the Bankruptcy Court. Our expertise is invaluable in developing and implementing a plan of reorganization or liquidation of company assets, as required by the Bankruptcy Court. We have a powerful network of attorneys to provide you additional resources should your situation require them.

Our experience includes work involving:  ∞ Commercial fraud  ∞ Tax fraud  ∞ Lost profits analysis  ∞ Determination of fraud or mis-representation of assets and liabilities  ∞ Bankruptcy  ∞ Partnership dissolution  ∞ Employer/employee disputes  ∞ Divorce matters  ∞ Business valuation support  ∞ Estate and trust settlements

We are proud to offer you a comprehensive personal and business financial plan as a part of our complete package of financial services. Through our registered investment advisor, Strategic Capital Management, LLC, we prepare individualized financial plans that are designed to help you define and achieve your personal financial and lifestyle goals. We partner with you and your advisors and consider your personal views about your investment timeline and level of investment risk to create a plan that fits your life.


The plan will provide you with a snapshot of where you stand financially today, and can project any number of scenarios in the future. It will serve as a benchmark for your goals, and become the cornerstone of your investment philosophy.

Accounting Services
Reviews A Review can be a cost-effective way to meet the requirements of third parties (lenders, lessors,etc.). We express a limited assurance that your financial statements are prepared in conformity with GAAP and other authorities. A review is more extensive than a compilation but less comprehensive than an audit. The review process includes analytical procedures, policy inquiries and general miscellaneous analyses of any items that may appear unusual and require explanation.

Compilations quarterly, bi-annually, or annual. A Compilation involves assembling data from your records and presenting it in an appropriate financial statement format. For some businesses, this financial statement will often suffice for meeting management needs.

Agreed-Upon Procedures Whether you are preparing to sell your business, are purchasing a business or need agreed-upon procedures for other reasons, an AUP engagement may be appropriate for your company. Examples include cash balances, income tax provisions, royalty agreements, companies to be acquired and A/R and A/P processes to name a few.

Other Services Our staff is trained in many of the popular small business software programs, such as QuickBooks, Peachtree, and others. Whether designing an entirely new accounting system, or updating your old system, our team can help. The result will be timely and accurate financial reporting to help you spend more time running your business and less time accounting for it.
Consulting Services Our consulting services provide our clients with the accurate, up-to-date financial data they need to make informed education decisions. Our consultants will take the time to analyze your financial statements, and point out where you can add value.

Bookkeeping Services We have a variety of solutions for your internal bookkeeping needs; from our quality external list of professionals that we work with on a continual basis, to our own in-house bookkeeping team. Depending on your specific needs, we can place you with one of our external bookkeeping resources or utilize the benefits of our internal bookkeeping team to produce timely and relevant financial data to run your business more efficiently. Whether you require initial set-up consultation or ongoing monthly/quarterly needs, our professionals can assist you. Our bookkeeping experts utilize a variety of software packages available, the primary of which is Intuit's QuickBooks accounting software. Depending upon your closing period, we look to provide you with essential monthly reports (balance sheet, profit and loss, bank reconciliations, industry reports, etc.) so that you can better manage your business.

Information Systems Assurance Services Newburg & Company, LLP provides information systems assurance and works with clients to identify the best technology for their needs and to help maximize its usage to achieve desired results. Acquiring and managing the critical information necessary to make timely decisions in organizations today means employing best practices in information technology. Additional information systems assurance areas:  ∞  Regulatory compliance  ∞  Disaster recovery and business continuity  ∞  Security and vulnerability assessments  ∞  Internal audit

Internal Control Assessment focuses on the identification of specific control objectives, and understanding the control procedures implemented to accomplish those objectives. Additionally, an assessment is made of the degree to which the controls are actually performed within the organization.

Estate Planning & Compliance

At Newburg & Company, we provide our clients with comprehensive estate planning to protect their assets from unnecessary taxation. Since we were founded in 1984, we have emphasized estate planning as an integral tool to link together one's financial plan, retirement plan, charitable intent, family financial planning and wealth transfer from one generation to the next.
Estate planning is a critical component of your financial plan. There are many planning opportunities available to assure that you maximize the transfer of wealth to your chosen beneficiaries and minimize the amount of estate taxes paid at death. We will work with your family's attorney or can recommend one that will provide excellent service and creative solutions to your estate planning issues.
We also offer a complete range of insurance products and solutions to achieve your planning requirements.
A Guide For Life At Newburg & Company, we are your partners in planning. As you age, your concerns and financial planning needs will grow and diversify, and so should the plans and guidance you receive. CPA PrimePlus ServicesSM is a unique package of services designed to maintain and enhance your life experience or that of your loved ones. Whether you are just on the cusp of retirement or considering alternative living options and home management, your trusted associates at Newburg & Company, LLP will help you through the steps you need to take so that your life experiences get richer and your security stays strong.
Financial Goal Setting and Investment Analysis A personal financial plan will be developed by reviewing investment allocations, time horizons, objectives and risk tolerance. The plan will educate you as to your options with the ultimate goal of providing the assurance of meeting both your current and future financial needs. We will be available for management and consultation regarding all aspects of your investment portfolio.
Estate Planning Analysis of current assets with the objective of developing a plan which will ensure the orderly transition of wealth to your heirs consistent with your wishes. The plan is geared toward protecting and preserving the assets that you worked so hard to achieve by focusing on maximizing the transfer of those assets to future generations.
Medicaid/Medicare Planning Medicare planning will focus on education relating to benefits and includes counseling concerning the selection of a proper supplemental drug plan. Medicaid planning involves asset protection techniques and typically starts several years prior to actual need.
Living Options and Home Management Analysis An assessment will be made of housing options as your needs change inclusive of funding mechanism. We have pre-screened and evaluated numerous living options and home management agencies which will provide a valuable resource to your decision making process.
Accounting Plus Services inclusive of Budgeting and Bill Paying Your trusted advisor will analyze and monitor your income and expenses leaving you the time and resources to maximize daily life experiences.
Home, Health, Life, and Long Term Care Insurance Analysis A determination of the adequacy of coverage will be made. While insurance serves multiple purposes, such as asset and income protection, there are considerations as to when disability coverage should be purchased vs. the timing of when long-term care insurance should be obtained. The need for life insurance varies with age and circumstances. Life insurance is also used to enhance or preserve an estate.