School districts face extensive regulatory and reporting burdens at the regional and state levels. Our experience in education enables us to assist clients with audits, while developing procedures that can streamline the regulatory reporting function.

A practical approach to problem solving is the benchmark for this practice.

Atchley & Associates, LLP serves independent school districts, charter schools and other education sector entities.

• Annual financial audits
• Agreed-upon procedures, including state compensatory education and Leavers requirements
• GASB 34 implementation
• Activity fund accounting
• Accounting systems and internal control consulting
• New regulatory requirments - interpretation and implementation

Extensive experience in real estate allows us to provide our clients with the pertinent financial information they need as they face new business issues. We provide our clients with effective tax planning as they make business decisions.

Intimate knowledge of the unique nature of the real estate business, combined with practical creativity, is the benchmark for this practice group.

Atchley & Associates, LLP assists numerous real estate clients, including commercial and residential developers, brokers, property owner associations, property managers and investors.

• Audit and tax compliance
• Real estate transactions - acquisitions, subdivision and development, sales, exchanges, foreclosures and the tax implications of these transactions
• Cash flow and financial projections
• Contract review and analysis
• Assistance with special allocations and preferred returns
• Representation before the IRS
• Entity selection assistance

Tax-exempt organizations face unique administrative and business issues not shared by most for-profit enterprises. Partners and associates in our firm are well known as trusted business advisors to exempt organizations, assisting them on a variety of financial strategic and administrative issues.

In-depth knowledge of these unique issues, combined with an understanding of each client's mission and purpose, is the benchmark for this practice group.

Atchley & Associates, LLP can assist your not-for-profit organization, including charitable foundations, voluntary health and welfare organizations, trade and business associations, religious organizations and membership organizations.

• Financial statement and OMB A-133 audits, compilations and reviews
• Tax return preparation
• Exempt status applications
• Ongoing consulting - budgeting, internal controls, accounting systems, software, policies and procedures

Serving as trusted advisors, we take the initiative in offering proactive tax planning to our clients. A tax return prepared is merely the tangible evidence of a continuous tax planning process.

The benchmark for this practice is intimate knowledge of the tax laws and of our clients' personal and financial goals.

Atchley & Associates, LLP seeks a continuing relationship with our individual and family clients, which allows us to improve the tax implications of all types of personal and business transactions.

• Tax return preparation
• Advance tax planning
• Tax minimization and deferral strategies
• Representation before the IRS
• Education funding for dependents
• Charitable giving
• Executive compensation
• Estimated tax payment calculations
• Timing of investment purchases and sales

We are familiar with the business issues that Texas financial institutions encounter. Working closely with our clients, we help create practical solutions to these issues and help navigate our clients through these challenges.

The benchmark for this practice is the level of experience our partners and associates possess. Our experience, gained from working in and providing services to financial institutions for numerous years, allows us to assist our clients with business issues specific to the financial institution industry.

Atchley & Associates, LLP serves as a trusted business advisor to numerous financial institution clients in central Texas, including banks, savings and loans and credit unions.

• Financial statement audits
• Tax planning and preparation
• Internal audit outsourcing
• Loan review services
• Agreed upon procedures, including directors' examinations and supervisory committee examinations

Families rely on effective estate planning to minimize the generational tax burden and optimize the wealth they are able to pass along to future generations.

Practical yet creative solutions are the benchmark for this practice group.

Atchley & Associates, LLP brings diverse, extensive experience to this area, with partners and associates from a variety of backgrounds. We work with families from one generation to another.

• Tax and information returns, including Forms 706, 709 and 1041
• Accounting reports to estate and trust beneficiaries as well as to courts
• Estate planning and projections prior to death
• Representation before the IRS
• After-death planning for survivors
• Assistance in the distribution of assets of estate or funding of trusts
• Guidance to executors and families regarding estate administration

Employers who offer employee benefit plans are under constant pressure to meet a myriad of reporting requirements, including independent audits from time to time.

The benchmark for this practice is thoroughness and accuracy, with minimal interruption to our client's business.

Atchley & Associates, LLP dedicates a qualified team to this practice area, enabling clients to satisfy their regulatory obligations effectively, with flexible scheduling at a reasonable cost.

• Benefit plan audits
• Preparation of information tax returns
• Advice on new regulatory requirements

In addition, to help CPAs meet the challenges of performing quality audits in this unique and complex area, the AICPA has established the Employee Benefit Plan Audit Quality Center, a firm-based voluntary membership center for firms that audit employee benefit plans. Employee benefit plan audits include pension, health and welfare, and 401(k) plans subject to the Employee Retirement Income Security Act (ERISA) under the regulatory authority of the U.S. Department of Labor (DOL).

Our firm is a voluntary member of the Center and we have met all of the requirements of being a member. We are proud of our membership and our affiliation with AICPA and the Employee Benefit Plan Audit Quality Center. If you are interested in obtaining additional information about the Center or about member requirements, visit www.aicpa.org.

As experienced business advisors, we work closely with clients on solutions to their specific issues as well as long-term business strategies.

A practical approach to problem solving is the benchmark for this practice, ensuring that our clients thrive today and in the future.

Atchley & Associates, LLP serves clients across a broad spectrum of industries, including financial institutions, healthcare, high-tech, manufacturing and professional services.

• Audit and tax compliance
• Mergers, acquisitions, divestitures, spin-offs, restructurings and the tax implications of these transactions
• New business services, including entity selection, federal and state registrations and setup of accounting systems and internal control procedures
• Entity conversion
• Business succession planning
• Financial statement analysis and cash flow projections
• Representation before the IRS
• Compensation and benefits consulting, including stock option plans

We ensure effective back-office operations, permitting our clients to focus on winning the campaign or running their elected office. Candidates and public officials rely on the specific knowledge, demonstrated skill and proven performance of our firm in accounting and reporting for election campaigns and public offices

Atchley & Associates, LLP has extensive experience serving presidential campaigns, federal senate/house campaigns, judicial and other statewide elections.

• Accounting services - caging contributions, payroll, disbursements, financial statements, budget assistance and internal control implementation
• Tax services - federal and state payroll taxes, income, franchise taxes and property taxes
• Texas Ethics Commission and Federal Election Commission required filings and consulting on laws, regulations and advisory opinions
• Limitation compliance testing for contributions and correspondence to contributors for excess contributions
• Consulting on entity selection, federal and state registrations, accounting systems, special procedures to analyze prior reports and statistical data on contributors
• Campaign audits

Preparing for trial or legal negotiations can be arduous, and yet the outcome may be determined by a single financial fact. We help clients prepare with financial analysis, forensic accounting and documentation.

Accuracy and clarity are the benchmark for this practice. The analytical skills of accountants trained in this field can translate complex financial data into clear, understandable information based on an unbiased viewpoint.

Atchley & Associates, LLP assists insurance companies, adjusters, attorneys, corporations and individuals in preparing for litigation or negotiations.

• Lost profits analysis
• Lost earnings analysis
• Financial statement analysis
• Tax return analysis
• Requests for documentation
• Interrogatory preparation assistance
• Separate property tracing

Timely and accurate financial information is essential for all business managers to make informed, timely decisions. We can provide bookkeeping and accounting processing services to facilitate the accumulation of this financial information.

• General ledger and financial reports (monthly, quarterly, annually as desired)
• Computerized general ledger
• Personal financial statements
• Accounting system setup for new businesses
• Consultation and assistance with various accounting software packages, e.g. QuickBooks®.
  Atchley & Associates, LLP has dedicated staff who are Registered Quickbooks Professional Advisors
  

Audits
The objective of an audit is for us, the auditors, to render an opinion about whether the financial statements are fairly presented in accordance with a specified basis of accounting. An audit involves evaluating internal controls, testing financial transactions, confirming account balances with third parties, and other substantive procedures. Although audits are generally performed to meet creditor, regulatory or other requirements, an audit report also provides information that can be valuable to management for pro-active decision making. An important by-product of many of our audits is the management advisory comments letter that provides suggestions for improvements in controls or operations.

Reviews
The objective of a review is significantly different than that of an audit. The procedures performed for a review consist of inquiry of management and analytical analyses of information provided by management. We do not render an opinion on the financial statements. Our report provides only limited assurance that the financial statements "make sense".

Compilations
A compilation is merely a financial statement presentation of information that is furnished by management. No audit procedures or review procedures are performed on the information.

Agreed-Upon Procedures Engagements
In these engagements, the client and the auditors agree upon certain procedures to test specific areas of concern to the client or to other users of the report. The client and report users agree on the adequacy of the procedures to be performed. Our report generally takes the form of: "We performed these agreed-upon procedures". The results of the performance of these procedures are then reported. We may also make recommendations or suggestions, if outlined in the agreed-upon procedures.

Every business owner either plans to, or has come to a point in their life that they will exit from their business. There are many ways to accomplish this:

• Selling the company
• Merging the company
• Transitioning the company to family members or key employees
• Creating an Employee Stock Ownership Plan and selling to your employees
  

If you are ready to exit your business, we can help you with the following:

• Ascertaining valuation of your company
• Structuring the transaction to maximize cash flow and minimize taxes
• Building you a team of quality professionals to help you through the process
• Training you on what to expect
• Assisting you in finding a buyer
  

If you are beginning to plan for the future, we can assist you with the following:

• Identifying ways and establishing a plan of action to improve the value of your company
• Training you on the process of selling
• Exploring and evaluating your succession options
• Assisting you with a plan for what your life will look like after a sale or transition is complete
  

Atchley & Associates, LLP has a Certified Merger & Acquisition Advisor (CM&AA) on staff to provide these services to you.

A business valuation is an "in depth" analysis of a business' characteristics, which may include its profitability, nature of assets, management, culture, customers, vendors, employees, processes and procedures and deriving a value for a specific purpose based on these.

Some of the specific purposes are as follows:

• Estate planning
• Family limited partnerships
• Gift and estate taxes
• Breach of contract
• Marital dissolution
• Bankruptcy
• Dissenting shareholder and minority oppressions situations
• Economic damages allocations
• Mergers and acquisitions
• Leveraged buy-outs
• Initial Public Offerings (IPO)
• ESOP’s
• Buy-sell agreements
  

Atchley & Associates, LLP has two Certified Valuation Analysts (CVA) on staff to provide these services to you.

Our professionals are experienced with the needs of healthcare professionals. Whether you are setting up a practice or have an existing practice, we can help. We provide representation at financial committee and board meetings as financial experts and provide reports of income for multi-department practices. We also provide expert review of employment and hospital contracts.