Services 2016-11-08T21:03:22+00:00

Services

Audit & Assurance

An audit is more than just attestation on financial statements; it is a chance to look closely at your performance, explore fresh ways to allocate resources and improve your company’s effectiveness.

The experienced Audit & Assurance team at Gelman LLP is committed to your success by providing accurate and reliable information that can be used to make your business better. Our audit services are based on a thorough understanding of each client’s business which allows us to plan and target our testing effectively.

Our Audit & Assurance Services Include:

  • Audits, Reviews & Compilations of Financial Statements
  • Employee Benefit Plan Audits
  • Agreed-Upon Procedures
  • Internal Controls & Fraud Prevention
  • Internal Audit Program Testing
  • Financial Forecasts & Projections
  • Cash Flow & Budgeting Analysis
  • Due Diligence for Mergers & Acquisitions
  • Bookkeeping

For resources, technology, methodology and bench strength, we are unmatched. Among the traits and abilities that set us apart:

  • State-of-the-art paperless audits
  • Intensive and continuous staff training
  • Rigorous emphasis on consistent quality

Employee Benefit Plan Audits

If you have more than 100 employees, your plan could be subject to an audit every year. Gelman LLP can help you and your plan administrators comply with key ERISA, DOL and IRS requirements. More importantly, we will use the information from your audits to help you gain a deeper understanding of your plans and spot opportunities to better streamline operations and other savings.

Our Services Include:

  • Full & Limited-Scope Audits of Qualified Plans
  • 401(k) Plans
  • Employee Stock Ownership Plans (ESOPs)
  • ESOP Consulting
  • ERISA Assistance
  • Plan Operation & Funding Reviews
  • Transaction & Eligibility Consulting

We work with attorneys, third-party administrators, investment advisors, retirement consultants, and, of course, plan sponsors to provide the highest standards in audit quality. We are committed to keeping up to date on the latest developments in the employee benefit plan arena, primarily focused on factors that affect accounting, financial reporting and tax status of plans.

Tax Planning & Compliance

We recognize that taxes have a substantial impact on a company’s cash flow and bottom line. Our experienced professionals are trained in the many complex and often difficult tax issues, and work closely with you to develop a tax plan that keeps you current with the constantly changing tax environment.

Through frequent communication with our clients, we monitor progress and make adjustments as needed due to changes in regulations, the economy or your personal goals, often resulting in tax saving opportunities.

Our Services To Individuals & Businesses Include:

  • Tax Planning
  • Federal, State & Local Return Preparation
  • Choice of Entity & Business Structure Planning
  • Tax Research & Transaction Structuring
  • R&D Studies
  • Tax Credits & Incentives
  • Benefit Plan Analysis
  • Trusts & Estates
  • Succession, Transition & Exit Planning
  • Representation in Tax Audits & Other Tax Disputes

Litigation Support

The Gelman LLP litigation experts have deep experience analyzing market and financial data, and using that information to measure economic loss. Our accomplished group of specialists can also help counsel, analyze and rebut opinions proffered by opposing experts.

We understand the delicate dynamics of the litigation process, including discovery and courtroom testimony. We have significant deposition and trial experience in federal and state courts and arbitration hearings, serving both as consulting or testifying experts.

Our Litigation Support Services Include:

  • Business Valuations
  • Expert Witness/Testimony
  • Family Business Disputes
  • Forensic Accounting
  • Fraud Investigation
  • Insurance Claims
  • Lost Profit Analysis
  • Matrimonial Issues
  • Real Estate, Construction & Transition Claims
  • Tax Investigation/Dispute Resolution
  • Probate Litigation Support

Fraud & Forensic Accounting

You can rest easy that we have the expertise and experience you need to get to the bottom of suspected fraud or financial irregularities. Members of our team have the Certified in Financial Forensics credential and bring forensic, investigative and comprehensive analysis to the process.

Our unique, phased approach to investigations minimizes costs and maximizes efficiency. It is a process that includes confidential employee interviews, reviews of financial data and electronic correspondence, and the development of written reports. We keep you apprised of our progress throughout the process and will always be available for questions and further insight from your team.

Our Fraud & Forensic Accounting Services Include:

  • Fraud Investigations & Measurement
  • Fraud Detection
  • Asset Misappropriation
  • Asset Tracing
  • Financial Statement Fraud
  • Embezzlement

Valuation

If you are buying or selling a business or settling a dispute, one of the first key steps is to determine and understand the real value. A business valuation involves an intricate combination of analysis and opinion, combined with hard facts and judgments.

Gelman LLP’s expert team takes a careful, measured approach to determining real value, an approach that ensures the utmost accuracy while allowing us to be both sensitive and responsive to your needs.

Our Valuation Services Include:

  • Business Valuations
  • Valuations in Litigation Matters
  • Purchase Price Allocations
  • Gift & Estate Tax Valuation
  • Family Limited Partnerships
  • Income Tax Valuation
  • Mergers, Acquisitions & Divestitures
  • Buy/Sell Agreements
  • Preferred Stock Valuation
  • Complex Capital Structure
  • Shareholder Oppression & Dissenting Shareholder Litigation
  • Bankruptcy & Reorganization