Tax & Accounting Services
Guilmartin, DiPiro & Sokolowski, LLC has been serving its clients for over twenty years. Our goal is to help our clients succeed in today's uncertain environment. Our team is large enough to cover a wide range of accounting and tax specialities yet small enough to ensure that you receive personalized services.
Our clients represent a cross section of individuals and businesses seeking professional advice. The individual has a variety of needs as taxpayer, investor, planner or employee. The business may be a sole proprietor or a multi-state corporation with hundreds of employees. Guilmartin, DiPiro & Sokolowski, LLC renders professional and timely service to every client, regardless of size.
Our services include:
Estates, Gifts and Trusts
Federal Forms 706, 709 and 1041
State Forms S-1, 2 and 4 and CT-1041
Periodic and Final Accountings*
Probate Inventories and Return and List of Claims
Planning
* - Accounting prepared in accordance with the CT Probate Practice Book
Financial Statements
Compliations, Reviews and Audits of Businesses and Not-for-Profits
Personal Financial Statements
Forecasts and Projections
Tax Matters
We prepare all required federal and state tax returns
Corporations, Partnerships and Individuals
Information Returns (1099's)
Pension, Profit Sharing and Cafeteria Plans
Quarterly Returns
Tax-Exempt Organizations
Planning for Income Taxes, Retirement, Divorce, Cancellation of Debt and Bankruptcy
Tax Research
I.R.S. Audit Representations
Other Services
Business and Pension Valuations
Bookkeeping and Payroll Tax Services
Fringe Benefit Plans
Computerized Accounting Systems
Litigation Support
Buy/Sell Consulting
Management Consulting
Budgeting
Operating Analysis
Personnel Hiring
Financial Assistance
Investment Analysis
Tax-Exempt Organization Services
Guilmartin, DiPiro & Sokolowski, LLC has served tax-exempt organizations for over twenty years. Our primary function is to analyze your financial systems and report the results of your operations. We believe our professional relationship with you, the client, includes informing you of changes, suggestions, options and offering honest appraisals of situations.
We never forget that the mandate of the tax-exempt organization is the community programs and people served. Finance, however, is an integral part of any organization. Failure to comply with laws, regulations or grant requirements can result in paybacks, future grant reductions or program terminations.
Guilmartin, DiPiro & Sokolowski, LLC offers a wide range of services specifically for the tax-exempt organization. Our experience with and knowledge of audit and grant requirements can reduce the impact of our audit on your organization. Reports to Board of Directors, management and third parties are carefully prepared in order to give a fair presentation of operations and related accounting systems.
Our services include:
Audited Financial Statements according to ...
Generally Accepted Accounting Principles (GAAP)
Generally Accepted Governmental Auditing Standards (GAGAS)
Compliance Auditing Under Circular A-133
Other Financial Requirements
State of Connecticut Departmental Grant Audits
State of Connecticut Departmental Compliance Supplements
State of Connecticut Departmental Special Reports
Accounting Support
Negotiations of Contracts and Audit Results with Grantors
Cost Allocation Formulas
Cash Flow Management -- Including Educating Bankers on the Unique Nature of
Tax-Exempt Organizations
Internal Control Systems -- Including Federal Compliance
Assistance with Budgetary Requirements of Grantors
Fringe Benefit Planning -- Including Self-Funded
Networking with Other Clients Facing Similar Problems
Use of Multiple Related Corporations or Trusts
Tax Matters
Federal and State Income Tax Returns
Filing or Review of Attorney Prepared Applications for Federal and State Exemptions
Services for Law Firms
The basis for providing specialized services to law firms is the recognition of the natural alliance which exists between the legal and accounting professions. Our clients often need a mixture of legal and financial advice and, in our professional practices, we have learned to rely upon each other.
At Guilmartin, DiPiro & Sokolowski, LLC we value this interrelationship. To broaden the scope of opportunities for interaction, we offer a variety of services specifically designed for the legal community.
Our clients in the legal profession include medium-sized and smaller law firms, sole practioners and attorneys seeking litigation support, law firm management services and estate, gift and trust services.
In the general business community, we serve clients in nearly every field of endeavor including manufacturing, non-profit, wholesaling, retailing, real estate, professional legal and medical, construction, environment and other service companies.
Our services specifically designed for the legal community include:
Litigation Support
Business Valuations
Pension Valuations
Lost Earnings Computations
Expert Witness Testimony
Lost Earnings Computations
Structured Settlement Valuations
Estates, Gifts and Trusts
Federal Forms 706,709 and 1041
State Forms S-1, 2 and 4 and CT-1041
Periodic and Final Accountings*
Probate Inventories and Return and List of Claims
* - Accounting prepared in accordance with the CT Probate Practice Book
Law Firm Management Services
Computerized Accounting Systems
Pension Planning and Tax Returns
Partnership and Compensation Issues
Federal and State Income Tax Forms
Buy/Sell Consulting
Client Fund Reconciliations
Other Services
Divorce Tax Planning
Tax Planning related to Forgiveness of Debt and Bankruptcy
Financial Planning
