Services

Audits, Reviews, Compilations, AUP (US GAAP / Non-SEC)

Why would you need an audit, review, or compilation? 

• For example, if you borrow $10 million, $50 million, or $100 million, a bank may give you a loan, but mandate either (1) an audit, (2) a review, or (3) a compiled US GAAP financial statement to protect their interest.

• Audits, Reviews, and Compilations are known as attest services.   

• A qualified Certified Public Accountant can only provide these services.

• FASBCPA is qualified to provide attest services.  Click to see Peer Reviewed page.
  
  

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Crypto Accounting: Business & Individuals

We provide:

• Accurate tracking and reporting of cryptocurrency transactions.

• Blockchain analysis to track token movements between wallets.

• Tax compliance for cryptocurrency investments and trading.

• Assistance with crypto audits and regulatory compliance.

• Consultation on crypto accounting best practices and strategies.

• Integration of crypto accounting with traditional financial systems.

• Secure and confidential handling of sensitive crypto information.
  
  

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Tax Preparation Services & Crypto Tax Service

• We provide tax services to Corporations (1120), S-Corporations(1120-S), Partnerships (1065), and Individuals (1040). 

• We provide multi-state tax return preparation as well. 

• We provide international tax services.

• Crypto-basis determination, reporting, and filing.  (DeFi, CeFi, NFT, Derivatives, etc.)
  
  

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Bookkeeping Services

Accounting is a language.   We help you:

1. • Accumulate accounting information

   • Present accounting information in a form that is consistent with industry and tax standards. 

     • • Cash Basis

       • Tax Basis

       • Accrual Basis
         
         

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Payroll Services

We provide the following payroll services:

• Account for payroll transactions.

• File your quarterly government payroll forms.

• File your annual government payroll forms.

• Help keep you compliant with payroll regulation.
  
  

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Sales Tax Services

We provide the following payroll services:

• Sales Tax Jurisdiction Identification.

• Sales Tax Computation.

• Sales Tax Return Preparation & Tax Due Remittance

• Excellent overview at See www.cdtfa.ca.gov/formspubs/pub101/
  
  

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Single Audits, GAGAS

On December 26, 2013 (to be implemented by December 26, 2014), OMB standards for federal awards were streamlined into one authoritative section called Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards – it is loosely called “Uniform Guidance.” The effective date of the new guidance applies to all audits of fiscal years beginning on or after December 26, 2014.

The following guidance has been superseded:

• OMB Circular A-21, Cost Principles for Educational Institutions

• OMB Circular A-50, Audit Follow Up

• OMB Circular A-87, Cost Principles for State, Local and Indian Tribal Governments

• OMB Circular A-89, Catalog of Federal Domestic Assistance

• OMB Circular A-102, Grants and Cooperative Agreements With State and Local Governments

• OMB Circular A-110, Uniform Administrative Requirements for Grants and Other Agreements with Institutions of Higher Education, Hospitals and Other Non-Profit Organizations

• OMB Circular A-133, Audits of States, Local Governments and Non-Profit Organizations

All of the above OMB Circulars are, now, combined into the “Uniform Guidance.”

If you want to obtain federal awards contracts – meaning, you want to (1) provide service to any Department in the U.S. Government and (2) be paid by that Department, then you may be subject to the Uniform Guidance. If you already have federal awards, then you may be subject to either a compliance audit or financial statement audit or both.

All non-federal entities that expends (as opposed to receive) $1,000,000 or more in 1-fiscal year must have a single audit – there’s no way around this - exceptions are rare.

Uniform Guidance applies to federal financial assistance such as grants and cooperative agreements, not to procurement contracts. Federal contracts are governed by the Federal Acquisition Regulation (FAR) and related rules, not Uniform Guidance.

If your business wants to become a U.S. Government contractor, then you will need to have a Pre-Award Accounting System Administration audit in accordance with 48 CFR 252.242-7006.

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