Services

At Glenn, Prather & Company, we focus on building close client relationships that add long-term value. This includes assuring the reliability of financial records, evaluating financial procedures and working to produce strategies that help our clients face the every-changing challenges of business planning and execution. Our clients benefit from objective analysis to assist in controlling costs, increasing efficiency and implementing new technologies and procedures that take advantage of changes in the marketplace, accounting standards and tax law. Our assurance services provide context to information so you can make more informed decisions.

These services include but are not limited to:

• Preparation of financial statements, compilations and reviews
• Entity selection and restructuring
• Accounting software selection and implementation
• Business valuations
• Financial projections and forecasts
• Debt and finance advising
• Mergers and acquisitions
• Transaction structuring and negotiations
• Business succession

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Glenn, Prather & Company's accounting services steer you closer to these goals with effective record-keeping and reporting as well as support on financial issues such as initial accounting system setup, budgeting, tax planning, investments, and employee benefit and profit-sharing plans.

These services include but are not limited to:

• General ledger and financial statement preparation
• Bookkeeping (Monthly, quarterly, or annual)
• Accounting system setup and support
• Payroll
• Cash flow budgeting and forecasting
• Business and personal financial statements
• Employee benefit and profit-sharing plans
• Tax planning and return preparation

Glenn, Prather & Company's financial statement services comprise various levels of assurance depending on your company's needs.

Reviews

Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis.

Compilations

Compilations are the most common financial statement presentation for closely held businesses. They are also requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.

The oil and gas industry has its own unique business, legal, tax and accounting issues. Glenn, Prather & Company provides specialized knowledge to help you meet the distinctive challenges of the trade.

Specialized Oil & Gas Services:

• Oil & Gas Accounting
• Cash Flow Management
• Oil & Gas Taxation
• Depletion
• Domestic Production Activities (section 199)
• Sales Taxes
• Ad Valorem Taxes
• Severance Tax
• Transaction Advisory Services, including section 1031 exchange

At Glenn, Prather & Company, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and current on the tax laws and can make sense of your IRS communication.

Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Glenn, Prather & Company's role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well-thought-out plan as to how to distribute the assets left in one's estate so as to avoid complications and to be sure that the individual’s wishes are followed. We work closely with your attorney to ensure an effective execution of your plan.

Glenn, Prather & Company's goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. We can guide you through tough decision-making processes such as asset allocation, college education funding, retirement plans, insurance, tax planning, estate planning and business succession planning. Whether you are developing an investment strategy or evaluating current investments, Glenn, Prather & Company can guide you through a better understanding of your financial decisions in preparation of and during your retirement.

Glenn, Prather & Company litigation support services can be employed in a wide range of situations, including commercial litigation, financial investigations, business valuations, business and marital dissolutions, and bankruptcies. These services can involve quantification of economic loss or damages, analysis of financial records, and fraud and theft investigation. Financial and personal records are often vast and confusing to sort through. With our professional training in this matter, we can make sense of these records and transactions and get to your bottom line.

QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.

Glenn, Prather & Company offers the following solutions to help meet your QuickBooks needs:

QuickBooks Training

We provide training services, either one-on-one or with several individuals within your organization at your company's location, via web-based training or through phone conference.

QuickBooks Installation

We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.

QuickBooks Setup

We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively with the use of relevant, customized reports and by improving their current setup. Many users experience problems generating and tracking important information as a result of inadequate setup.

QuickBooks Support

Our QuickBooks support service can assist you with installation, setup or operation assistance. In addition, we can also provide assistance with accounting and payroll functionality.

QuickBooks Analysis

Our QuickBooks analysis service helps companies that have the human resources to perform daily accounting and payroll tasks, but need a payroll and accounting practitioner to analyze transactions, accounts and reports. This analysis provides timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the financial condition of your business. Analysis may be conducted at any time, but monthly analysis provide you with up-to-date information and feedback about your business.

Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Glenn, Prather & Company can help you with the organization of your bookkeeping so you can focus on your core business.

The type of your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Glenn, Prather & Company can advise you on choosing an entity type and later restructuring if advantageous.

Professional representation can be vital during an audit, as well as general correspondence with the IRS. Our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you received an IRS notice or have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer questions the IRS may be asking of you.

Glenn, Prather & Company's payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of payroll tax returns.

Choosing benefit plans for your employees is often a complex process. Glenn, Prather & Company can help you develop and implement your benefit, retirement and profit-sharing plans with an eye toward rewarding your employees and reaching your company's financial and business goals. We can also help maximize tax advantages in implementing these plans. As your business grows, your business and employees will be rewarded for the hard work that contributed to the success of your business.

Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Glenn, Prather & Company can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This cash flow and budget plan would be revisited when there are changes in your business to ensure that you are operating at an optimal level. With our help and guidance, you can be on top of your finances and ready for the future.

No one can predict the future, but we can all benefit from planning for it. Glenn, Prather & Company combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models.

The range of needs for valuing businesses continues to widen, and Glenn, Prather & Company can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest. Uses for this service include estate planning and compliance, buying and selling businesses and divorce matters. There are so many factors that contribute to the perceived value of a business. Our analysis can help can help you evaluate entities that you have an interest in and guide you toward making business decisions with which you feel confident.

Business transactions and transitions are complicated affairs. Whether you're buying, selling, or considering a potential merger, Glenn, Prather & Company can provide professional know-how to help you successfully structure and negotiate the deal. Glenn, Prather & Company employs careful analysis and due diligence to help you determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business cultures, functions and strategies. Expanding or contracting your business is a huge undertaking. With our support, you can make the right business decisions for your business for optimum success.

Whether your needs are corporate or personal, Glenn, Prather & Company's professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments and/or reduce the total amount of interest paid. Even if you are able to handle the payments and the amounts of your current debts, our expertise may be able to save you money and/or lower your payments.