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Marrs, Sevier & Company LLC
Certified Public Accountants

Tax Services

Business Taxes  

Tax planning and preparation is a valuable combination for the success of our business clients. By using our experience and accessibility to current tax law information and changes, our clients can develop strategies for current and future tax benefits. We gladly service the following entities:

  • Corporations
  • Partnerships
  • Limited Liability Entities
  • Not-For-Profits
  • Private Foundations
  • Estates & Trusts
  • Employee Benefit Plans

Individual Taxes

We prepare all federal and state tax returns for our clients through the use of comprehensive tax preparation software, which, along with our internal expertise, allows us to file accurate and timely returns. We are also available year-round to assist our clients with additional tax related services such as retirement planning, gift tax returns, estate & trust services, and other tax matters. We pride ourselves in developing a personal relationship with our clients. By gaining an understanding of their needs, we can offer professional advice for the timing of transactions to create the maximum tax advantages.

Estate Taxes

Skilled estate tax planning is a valuable tool that enables the successful transfer of assets to beneficiaries while minimizing the tax effect. We offer planning techniques to clarify estate tax complexities.We will present options so our clients can make informed decisions and file timely estate tax returns. 

Taxing Authority Representation

When dealing with federal and state taxing agencies, our firm offers a level of expertise that ensures our clients are being well represented. The senior partners of Marrs, Sevier and Company have more than 26 years of combined experience working with the Internal Revenue Service. We understand how overwhelming it can be to be contacted by a taxing authority or faced with an examination. Our firm professionals are highly skilled and will assist clients in organizing necessary information and documentation to expedite the examination process. 

 

 

Accounting Services

Audit and Accounting Services:

  • Audits of Private Companies
  • Audits of Employee Benefit Plans
  • Compilations and Reviews
  • Agreed-Upon Procedures
  • General Business Consulting
  • Accounting Services

Audits of Private Companies

We provide audit services for a number of clients in various industries. An audit provides the highest level of assurance that the financial statements of an entity are presented fairly in accordance with generally accepted accounting principles (GAAP) or an other comprehensive basis of accounting (OCBOA). We take pride in developing long-term relationships with our clients to obtain an in-depth understanding of their business. We can then evaluate risks specific to the entity and to efficiently complete the audit.

Audits of Employee Benefit Plans

Employee Benefit Plans have received increased scrutiny in recent years from the Department of Labor (DOL) and Internal Revenue Service (IRS).  Our audit services for these plans provide assurance that the financial statements are free of material misstatement and test for compliance with the latest DOL and IRS regulations.

Reviews and Compilations

We offer review and compilation services are offered to clients seeking a lower level of assurance on their financial statements than an audit would provide.  A review involves inquiry and analytical procedures and provides limited assurance that financial statements are presented in accordance with GAAP.  Our clients often obtain reviewed financial statements to satisfy the needs of third parties such as creditors and regulatory agencies.  Our reviews are also frequently performed to provide limited assurance on financial statements prepared under an other comprehensive basis of accounting (OCBOA).

 

A compilation is more limited than a review.  Information supplied by the client is used to generate financial statements.  There is no assurance that the financial statements are in conformity with OCBOA or GAAP.  However, our personnel can provide expertise in preparing formal statements for the use of management and third parties and assistance in drafting footnotes to the financial statements.

Agreed-Upon Procedures

At the request of our clients we will perform services related to specific activities or particular account balances.  These procedures range from confirmation of account balances to reviews and observations of internal controls.  They are typically designed to satisfy specific needs of the client as requested by third parties or management.  The procedures are specifically detailed in an engagement letter and upon completion of the procedures, we issue a report detailing our findings.

  

General Business Consulting

 

We are available to assist and advise our clients with matters related to starting a business, budgeting, cash flow projections and ratio analysis.  Our experience and expertise in a wide variety of industries enables us to provide valuable insight to our clients. 

 

Accounting Services

We offer a wide variety of accounting services to our clients.  These services include general ledger and financial statement preparation, bookkeeping, and payroll services.