The Value of a
Most Trusted Advisor

We value the relationship with our clients as a “most trusted advisor” and that culture is ingrained into our practice. Judd Thomas offers a wide range of services to our individual and business clients. In addition to the list of services above and our extensive knowledge of accounting practices, there are other things you can count on from our firm – promptness, value, integrity and a willingness to listen.
Accounting Services

At Judd Thomas, we focus on both your business and personal goals. Our Accounting Services Department crosses all the functional areas of our firm: auditing, review and compilation, tax, and management consulting. From supporting your accounting department to serving as your accounting department, we offer supplementary or in-depth accounting capabilities, depending upon your needs. We are business owners ourselves and understand  your needs. We have first-hand knowledge in successfully managing a company. Because of this, we offer you consultation and accounting services based on sound, practical knowledge rather than on theory.

We can customize any accounting system to accommodate your firm’s size and specific requirements.

Our accounting support includes: 

  • Performing review or compilation services, as an alternative to an audit 
  • Preparation of all year-end reports, including 1099s , W-2s and W-4s 
  • Payroll reporting, including preparation of state payroll tax reports and sales tax reports 
  • Developing and reviewing on-site accounting systems 
  • Developing or reviewing internal accounting controls 
  • Providing emergency or permanent bookkeeping services 
  • Monitoring the performance of in-house accounting staff 
  • Providing accounting controller services

We also help our growth-oriented, privately held client businesses to maximize profits, minimize tax burdens, identify and evaluate financing alternatives, and undertake specialized management problems due to our close, day-to-day involvement. We here at Judd Thomas believe a business owner benefits from a broad-based advisor who understands your firm’s operations and considers both your business and personal goals. Your growth and financial security are important to us.

Cash Flow and Budgeting Analysis
A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company’s financial condition, estimate financing requirements, and track cash-flow sources and uses.
Financial Statements
We can assist you in the preparation of your financial statements in accordance with professional standards. The financial statements produced can be a useful tool for management for making financial decisions.
Reviews and Compilations

We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency. We provide financial reporting on two levels of assurance:

  • Review – some analytical procedures conducted with limited assurance 
  • Compilation – based upon client information provided and used primarily for internal use.
Consulting Services

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.

The following are just a few of the areas in which we provide consulting services:

  • Accounting software selection and implementation 
  • Type of entity selection 
  • Business valuations 
  • Buying/selling a business 
  • Computer systems 
  • Financial and retirement decisions 
  • Estate, trust and gift planning
Buying and Selling a Business
Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.
Estate, Gift, and Business Succession Planning
We spend most of our professional career working hard to build that family business or nest egg of wealth, and working to minimize the income taxes we pay each year. Our line of sight is so focused on those goals that oftentimes we don’t realize that over our lifetime we’ve managed to accumulate a substantial level of net worth. As a result, the need for effective estate, gift, and business succession planning is often overlooked. Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
Management Advisory Services

Your business has become more difficult as the burdens of administration and financial management have increased. As a busy professional or executive, your management and organizational problems may seem to be growing while the time available for solving them is shrinking. Judd Thomas recognizes that your business has its own special needs. We will assist you to identify your needs and problems and design our services specifically to solve them. As a member of your management team, we will not leave you with lengthy and expensive consultant reports. Instead, we will help you put the programs you select into action. Our services are designed to help you in every facet of your business.

Management advisory services consist of advice and assistance concerning such matters as your organization, personnel, finances, operations, systems, controls, and other aspects of current or proposed activities. We can help you with the most strategic, top-level decisions you need to make and can also help you with implementation of your strategies down to the most minute detail.

Our firm is organized to help you deal with:

  • Decisions concerning the proper form of business entity 
  • Budgeting, projections, and forecasting 
  • Structuring of your organization 
  • Compensation and profit sharing arrangements 
  • Partnership agreement and/or stockholder agreement provisions 
  • Personnel decisions

Our consultants are also able to assist you in the following areas:

  • Controlling your receivables 
  • Purchasing issues and policies 
  • Employee benefit compliance problems 
  • Office procedures and policies 
  • Time management assistance 
  • Property, casualty, and liability insurance considerations

Selecting a business advisor or consultant is a critical business and personal decision. The consultant must have a clear understanding of the administrative and financial issues associated with your business and a thorough understanding of how to deal with them.

Judd Thomas recognizes your special needs and is ready to be part of your management team.

Estate and Trust Tax Preparation

Effective estate and gift planning facilitate the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.

Tax Planning and Preparation

Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation.

Litigation Support

Litigation support involves the quantification of economic damages pursuant to existing or pending litigation using accounting and auditing techniques. We have experienced competent staff who can compile information efficiently to assist in the calculation and documentation of any potential economic loss or damages.

Auditing Services

Judd Thomas provides audit expertise to entities ranging from large, multi-state corporations, municipalities, school districts, not-for profit organizations to small, family-owned businesses. The industry groups in which we currently serve include schools, municipalities, direct sales, construction, restaurant groups, manufacturers, service, financial institutions, medical practices, retirement plans and wholesalers. We pride ourselves on providing timely, cost-effective audit services that adhere to strict quality control standards along with a personalized approach.

Our audit approach emphasizes looking beyond the accounting entries to the underlying operations and economics which generated the year’s financial results. We believe it is important for us to gain insight into the various business conditions which affect our client’s financial condition and operations. Using this approach, our audits are planned based upon an in-depth understanding of the business and the environment in which you operate. This approach results in risk-oriented examinations, which are not only efficient and effective in terms of meeting professional and regulatory requirements, but also meet realistic cost/benefit criteria. Our audit always includes a fresh review and report on internal control weaknesses.

We believe our firm must establish and maintain open communication with management and be available throughout the year to provide responsive and varied professional services.

Our service approach is tailored to the unique needs and environment of your company. Just as you are dedicated to providing the best possible service to your customers, Judd Thomas believes that thorough, timely, and responsive services to clients is our first priority. As we work with clients, we continue to seek more effective approaches to meet their specific needs.

Both our shareholders and managers are involved in the day-to-day operations of our audits. We believe the audits must be performed by seasoned professionals who have an in-depth knowledge of your company and your industry.

As a member of the SEC practice section of the American Institute of Certified Public Accountants, Judd Thomas participates in a peer review of our quality and control procedures every three years for compliance. Peer reviews are conducted by CPAs from other firms, based on rigorous standards established by the AICPA.

Multi-State Tax Preparation and Planning

States have become more aggressive in their tax legislation, filing requirements, and tax enforcement in an effort to enhance their revenue sources. The world has gotten smaller and businesses are now nationwide. Individuals, in their search for greater investment returns, place their funds in investments with income sources outside of their home state. As a result, businesses and individuals oftentimes unknowingly expose themselves to the long-arm of state income taxation. Many of our clients have out-of-state nexus issues which require filing in those states. Our professionals are able to assist you in navigating these requirements and aid in state tax planning and preparation of those returns.

Personal and Business Planning and Evaluation

Personal and Business Planning and Evaluation is an organized, well-planned system of using money and financial resources to achieve both short- and long-term goals. At every income level, there are steps you can take to make more efficient use of your assets and to make sure your financial future is secure.

The purpose of financial planning is to obtain the greatest use of an individual’s or entity’s financial resources while, at the same time, accommodating that person’s desires, resources, and station in life. There must be an assessment of where one stands. This helps determine the parameters within which the plan can be developed.

People find that their financial objectives change during their lifetime. While survival is the prime objective in the early years, increasing family responsibilities, growing income, and changing lifestyles will change financial objectives. At Judd Thomas, our financial advisors will provide different levels of financial planning–from counseling to comprehensive planning.

Your financial plan will include a review of the following:

  • Your net worth
  • Goals and objectives
  • Property and other assets
  • Liabilities
  • Cash flow
  • Investments
  • Retirement planning, estate planning, and tax planning
  • Insurance need

Projections will be made of what would happen if certain events were to occur: death, disability, retirement. This takes in a review of your insurance coverage, retirement plans, and Social Security protection, as well as your investment and non-investment assets.

If financial planning is to be truly effective, periodic reviews and updates are essential. In any lifestyle change, such as marriage, birth, death, or divorce, your financial plan must also be altered to properly reflect the impact of the change.

At Judd Thomas, you will receive competent, objective financial advice tailored to meet your personal and business financial goals at a level of risk with which you are comfortable.

Family Office Services

We understand that higher net worth clients are unique individuals with very specific needs. In our constant endeavor to provide personalized service to our clients, we have developed our family office suite of services to serve the needs of our higher net worth clients. For these clients, there is wealth accumulation that breeds diversity in assets holdings, and a need for assistance in managing those assets without incurring the cost of hiring staff and facilities to accommodate this need. The family office enables our clients to receive personalized office management services without incurring the overhead cost burden that accompanies having an office of your own.

Our firm can act as your administrative staff by providing services that include the following:

  • Administrative or secretarial services
  • Bill pay
  • Cash management, budgeting, and forecasting
  • Income tax planning and consulting
  • Estate and gift tax planning services
  • IT network administration
  • Risk management

As your family office we work in tandem with your other service professionals such as your wealth managers, legal advisors, bank representatives, and insurance providers to assure that your needs are properly coordinated and managed.