BONANNO, SAVINO, DAVIES & GANLEY, P.C.

Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison. Below we have listed the services that we offer to our clients along with a brief description.

As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional.

Accounting Services

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:

Audit Services

Key Benefits Experienced and trained professionals in the audit area Diversity of current client base provides experience in many fields Specialties include small to medium, non-publicly held clients (with $2 million to $200 million in annual sales) Capabilities Financial statement audits are a major part of our practice. Our reports, in which we express an opinion as to the fairness of our client’s financial statements, are routinely presented to bankers, outside shareholders, and government agencies including HUD and MHFA. For clients not requiring an audit, we provide reviews or compilations of financial statements.

Collectively, these services form the backbone of most accounting practices. What sets us apart is a dedication to excellence typically found only in organizations where people are engaged in building their own businesses. As a Firm, we invest significant time and resources to ensure that our staff is equipped with state-of-the- art technology and trained in the latest techniques and professional standards.

Audits, 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 all three levels of assurance:

*Compilation - based upon client information provided and used primarily for internal use.

Cash Flow & 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 Forecasts & Projections

Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals.

Financial Statements

We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.

Reviews & Compilations

*Compilation - based upon client information provided and used primarily for internal use.

Consulting Services

Business Consulting

We handle a variety of business financial tasks such as business acquisitions, valuations, mergers and liquidations, applications for bank loans, real estate finance packages, Small Business Administration (SBA) applications, and pension plan analyses.

We have taken the RAN-ONE boot camp program for accountants in which we were better educated in handling business processes, customer relationships, innovation and financial analysis. We have developed extensive tools, especially our monthly newsletters, through which we educate our clients and ourselves, about the ways to Grow Your Business. We have tools in-house to help you better understand the following critical areas of your business:

Business Getting Results Hiring Good People Techniques Phone Rights and First Impressions Effective Advertising Effective Marketing Process Development Financial Analysis Customer Advisory Feedback Forums

We have taken the Mastermind Marketing Courses from Jay Abraham, one of the worlds greatest marketing geniuses. We have taken the Jay Abraham Protégé-Mentor program and many leadership programs.

Our international outreach includes maintenance of relationships and services for clients in Europe, Asia and North America

Key Benefits The accounting, auditing and taxation services provide clarity of client day-to-day operations and, therefore, an integral understanding of client operations is developed. Rational feedback to the client regarding corporate strategies, either in the development stage or mid-stage. A combined 80 years of experience in the BSDCPA team approach to problem solving.

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.

Computer Consulting

Key Benefits Diversity of current clientele offers insight to practical technology solutions Practical understanding of business goals and objectives are gathered before cost-effective solutions are recommended We are a Firm that utilizes cutting-edge technology and software in-house before implementation and recommendation to clients. Quickbooks Certified Advisor

Capabilities We incorporate the latest software and technology as part of our own corporate development. This strategy offers clients a better understanding of how technology and software solutions can be implemented on a cost-effective basis.

Consulting Services

Estate Planning

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.

Pension & Profit Sharing Plans

Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs…) can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.

Retirement Planning

Retirement Planning Our extensive experience in conducting audits of retirement plans provides the skills to explain the administration of plan policies, understand the plan benefit distribution rules, the non-discrimination testing processes, and the build up of participant's wealth.

Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.

Tax Services

Estate & Trust Tax Preparation

Effective estate and gift 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.

IRS Representation

During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies.

International Taxation

Our experience with the taxation of U.S residents working abroad and foreign citizens working in the U.S. has provided us with an extensive base of knowledge in the area of international taxation.

Sales Tax Services

Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.

Tax Planning

Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities.

Tax Planning & 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.

Tax Preparation

Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.

Tax Services

We develop creative tax strategies geared to our client’s individual needs. Accurate and up-to-date information, combined with our knowledge of the latest developments in federal, state and local taxation enables us to devise tax planning techniques of particular benefit to closely-held corporations where corporate and individual tax issues are closely intertwined.

In addition to advising our clients on tax issues, we prepare tax returns for individuals, Subchapter C and S corporations, LLC entities, partnerships, trusts, estates, non-profits, and pension/profit sharing plans. Furthermore, we will represent clients before the IRS and other taxing authorities.

We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include but are not limited to:

Other Services

Due to our diverse client base, we encounter a wide array of financial and tax issues. As a result, we have gained valuable experience over the years in numerous specialized areas, many of which are listed below. We feel our ability to provide such a variety of services reflects our versatility and competency, as well as our dedication to quality client service.

Miscellaneous

Industry Classifications

We direct our services to a highly-diversified group of businesses, service groups and individuals. These include:

Manufacturers - covering a wide range of product lines with revenues of $2 million to $30 million. The manufacturers are producers of a variety of products including high-technology printing devices, chemicals for industrial and home use, home goods products, and tool shop products

Service Organizations - professional services and consultants with revenues of $100,000 to $20 million. We assist 401(k) plans and other retirement plans.

Retailers and Wholesalers - covering a variety of product lines with revenue of $2 million to $200 million. These entities sell home goods, recreational sports equipment, ball-bearings, videos, and a variety of other products.

Real Estate - both not-for-profit and syndicated Housing and Urban Development housing, as well as Massachusetts Housing Finance Authority housing; cost certifications and special tax-motivated and ownership programs, commercial properties, real-estate management firms and construction.

Non-profit Organizations - federal and state funded organizations, schools, community development groups, YMCA’s, daycare facilities and private foundations.

Personal Financial Planning

Financial Planning As accountants, our clients rely on our independence and integrity; as financial planners, our advice is untainted by the desire to reap a commission on the sale of some financial product. We strive to make recommendations based upon your goals and preferences.