Areas of Concentration

Not all businesses are equal; nor are the challenges they face or opportunities they seek. While each business owner or shareholder has unique situations related to their business taxes, accounting, financing, regulating, strategies, retirement and succession, there are also common types of businesses. Our CPAs' dedication gives us a depth of knowledge in these areas that has proved beneficial to our clients.

Below you will find more information about our areas of concentration, including tax, accounting, and financial services for small businesses, physicians, dentists and other health care professionals, closely held corporations, corporations and partnerships, and the oil and gas industry. We know the value to our clients in working with CPAs that are well-versed in their business-types. After an initial consultation, or anytime during our service to you, if we are not the best match for your business or for your specific business needs at that time, we will recommend other professionals that we know to excel in those areas.

Small Business

Small business owners have to do it all. You don’t have staff for every job and it is always you that has to fill in the gaps. This often means you are juggling countless jobs from opening the mail to closing the big sale. We assist Michigan Small Businesses with services catered to their needs. Gallagher, Flintoff & Klein, PLC can help by supporting your business with the following services: New Business Formation, Accounting Software, Tax strategies for Business Owners, Payroll, Tax Services, Compilations, Bank Financing, Strategic Business Planning, Litigation Support and Succession Planning.

Our job is to support you in finding the tools you need to keep the financial aspects of your business working smoothly. We begin working with many companies before they exist, helping the owner select the right organizational structure for their situation: sole proprietor, corporation, S-corporation, partnership, non-profit organization, Limited Liability Company, or Limited Liability Partnership.

As your business forms and grows, Gallagher, Flintoff & Klein, PLC can help you find the appropriate funding sources and can recommend accounting software systems like QuickBooks, Sage 50 (Peachtree), and Thomson Reuters Client Bookkeeping Solution (CBS). We can assist with setup of the accounting system you choose, train you or your staff, and help with questions that come up throughout the years. We get to know your business well as we work with your goals to develop tax and business strategies. That allows Gallagher, Flintoff & Klein, PLCs to look out for opportunities or pitfalls that may be on the horizon, and to offer you proactive advice to keep your business running smoothly. As your business meets with challenges we help in whatever way we can, including litigation and audit support, if they are ever required.

All our CPAs at Gallagher, Flintoff & Klein, PLC assist clients to establish succession planning as part of their long term goals. We use our experience to help you assess the options. As retirement time draws closer, we work actively with you to make sure that the succession process takes place smoothly in keeping with your wishes and financial expectations. Gallagher, Flintoff & Klein, PLC business advice is always based both on sound fiscal principals and our own experience and depth of knowledge.

Physicians and Health Care Professionals

Physicians and Health Care Professionals face unique tax and business planning challenges whether they run their own office, are part of a larger group, or are employed by a hospital. Year-end tax planning is often key to insuring that the purchase of new equipment, professional organization fees, malpractice insurance, and other deductions are handled to your best advantage. Our goal is to help you make the most of the deductibility rules prior to paying yourself for retirement.

We are active in assisting doctors and other professionals with succession planning, as well as in planning for the eventual sale of a practice. Another issue of particular note is determining the optimal way to classify traveling doctors or other professionals that you may bring into your office. Determining if an associate should be considered an employee or outside service contractor has requirements and benefits that we are familiar with.

Changes in health care policy affect our clients in many ways. Gallagher, Flintoff & Klein, PLCs actively access and review legislative and regulatory changes with clients letting them know how these could impact their profit and loss statements, balance sheets, paychecks, and ultimately their practices.

Most Michigan dentists both operate their own business and manage the care of their patients. They need an expert to manage their tax planning and tax preparation. We can also assist them in finding the best financing for important equipment updates, office expansions, and other opportunities that will allow their practice to grow.

Dentists

Dentists understand the need for preventative care. Year-end tax planning is important to insure that the purchase of new equipment, professional organization fees, insurance, and other deductions are handled to your best advantage. Our goal is to help you make the most of the deductibility rules.

We are also active in assisting dentists and other professionals with succession planning as well as in planning for the eventual sale of a practice. Is it time for Gallagher, Flintoff & Klein, PLCs to give your practice a checkup today?

Closely held Corporations

Our CPAs at Gallagher, Flintoff & Klein, PLC are trusted business advisors to owners of closely held corporations assisting in decision making in an array of areas related to financial considerations and in tax planning.

Most family owned businesses are closely held corporations. They are often affected by changes in the family as well as changes in the economy. We are sensitive to issues that affect this type of organization both personally and professionally.

We sometimes fill the role of chief financial officer for closely held corporate clients who are not large enough to have a full-time chief financial officer on their staff. We often prepare extensive forecasts and projections for clients. In addition, Gallagher, Flintoff & Klein, PLC has developed strong banking relationships with the Mid-Michigan banking community to assist clients in packaging and presenting loan requests. This offers our clients a strategic advantage as they manage cash flow and growth.

Corporations and Partnerships

As a local, independent business, our shareholder group encounters many of the same problems and opportunities you may face with your corporation or partnership. We serve the following:
One of the many ways we can assist is with our strong banking relationships. We are often able to assist clients in packaging and presenting loan requests. This offers our clients a strategic advantage as they manage cash flow and growth.

All of our CPAs at Gallagher, Flintoff & Klein, PLC assist clients to establish succession planning as part of their long term goals and help provide you with options. As retirement time draws closer, we work actively with you to make sure that the succession process takes place smoothly in keeping with your wishes and financial expectations. Gallagher, Flintoff & Klein, PLC business advice is always based both on sound fiscal principals and our own experience and depth of knowledge.
If you would like to find out more please contact our office.


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