O’Sullivan & Company offers a wide range of services to our individual and business clients including accounting and tax consulting, compliance, valuation, financial statement preparation and tax planning. Additionally, as a respected member of the financial community, we assist our clients with bank financing, mergers and acquisitions, and business succession planning.

Below, you’ll find a summary of what we can do for you. This list is by no
means all-inclusive, so please feel free to inquire about additional services or professional referrals that we may provide.

Accounting and Tax Consulting Services
Our mission: to provide clients with accurate, personalized financial information. Our goal: “no surprises.” Meaningful, well-organized financial records ensure that your business operations run more efficiently – day after day, year after year. O’Sullivan & Company delivers:

    • Financial statements (compilations, reviews, audits)
    • Bank financing and business loan assistance
    • Litigation support
    • Personal financial statements
    • Succession planning
    • Accounting software support for Quickbooks, Quicken, and other popular
    software programs.

Compliance Services
We offer all forms of governmental tax compliance, from multistate individual income tax preparation, corporate, partnership and LLC tax preparation services, to non-profit and trust reporting. Our goal is to have the compliance service supplement the tax planning so that our client knows what the tax return result will be long before the return is filed.

Valuation Services
Terry O’Sullivan, as a certified valuation specialist, provides valuation
support for business acquisitions and sales, estate tax, divorce and
litigation support. Additionally, these services can be used to determine
valuations for succession planning, buyout agreements, cross purchase life
insurance contracts, and projections for investment and income tax planning

Financial Statement Preparation
Providing our clients with financial statement preparation in a timely, accurate and personalized manner is an obligation that we take very seriously. We understand that businesses and individuals make important decisions based on their short and long term financial position and performance. Our firm provides financial statement preparation including the following:

    • Personal financial statements
    • Business financial statement preparation
    • Budgets and financial projections

Tax Planning Services
Tax planning is one of the most crucial services that we offer. Yes, we prepare tax returns – but our primary focus is putting our clients in the best possible position long before the return is due. Our seasoned staff develops personalized tax strategies, specifically aligned to your needs, which take advantage of new tax laws and legislation. So whether you're an individual, closely held company, LLC, corporation or partnership, we've got you covered with:

    • All tax return preparation services
    • Alternative minimum tax planning
    • IRS problem resolution
    • Cost segregation analysis
    • State and local tax representation
    • Tax favored depreciation methods
    • Independent contractor vs. employee consulting

IRS and State Representation
Over the last 30 years we have become highly proficient in dealing with many taxing authorities. Our clients can rest assured they are being properly represented before the various federal, state and local tax agencies. We are very experienced in aggressively representing our clients and resolving issues.

New Business Advisor Services
Significant tax savings can be achieved based on the nature of your business and the structure of your company. Our goal is to help you select the right structure and then realize the tax savings each year going forward. Our firm provides new business advisor services including the following:

    • New business consulting
    • Entity selection and formation
    • Business plan development
    • Business loan assistance and support
    • Mergers and acquisitions