New Practice to be Headed by Steven E. Staugaitis, Director
HORSHAM, PA, September 17, 2018 — Kreischer Miller, a leading independent accounting, tax, and business advisory firm serving the Greater Philadelphia and Lehigh Valley areas, today announced the launch of its new Outsourced Accounting Services practice. The practice will focus on serving small to mid-sized businesses for which it may not be feasible or cost-effective to have a full-time controller or accounting department. The new service will allow these companies to either completely outsource their accounting and finance functions, or augment the capabilities of their existing teams.
Using the latest cloud-based technology, core service offerings of the new practice include:
- Accounting services: Maintaining the chart of accounts and general ledger, performing monthly bank reconciliations, maintaining the depreciation schedule, preparing year-end 1099s, assisting with financial statement and audit preparation, and helping ensure compliance with new accounting pronouncements.
- Tax services: Preparing federal, state, and local income tax returns; evaluating the corporate structure for tax optimization; and reviewing the business and personal tax impact of the 2017 Tax Cuts and Jobs Act.
- Executive support services: Preparing a monthly reporting package that includes an executive summary, balance sheet, income statement, budget, and Key Performance Indicator (KPI) tracking.
“An increasing number of privately-held companies are looking to outsource their day-to-day accounting functions so they can focus more time and resources on the core areas of their business,” said Christopher F. Meshginpoosh, Managing Director of Kreischer Miller. “We have provided these types of services to our clients throughout our history. However, establishing a discreet practice will allow us to better respond to an evolving need in the marketplace and position our firm for continued growth.”
The new practice will be led by Steven E. Staugaitis. Steve is a Director at Kreischer Miller and a specialist with the firm’s Center for Private Company Excellence. He also leads Kreischer Miller’s Entrepreneurial Services Group, which provides accounting, tax, and advisory services to emerging privately-held businesses that seek a broader and more sophisticated suite of public accounting services. “Growing companies don’t always have the resources or the time to invest in their accounting and finance function,” said Steve. “Not only are we able to conduct the day-to-day accounting functions for these companies, we can provide management information and financial reporting they can use to make informed decisions about their investments and strategy – all for a fixed monthly fee that offers a predictable cost structure.”
About Kreischer Miller
Kreischer Miller is a leading independent accounting, tax, and advisory firm serving the Greater Philadelphia and Lehigh Valley areas. The firm is built to respond to the unique needs of growth-oriented private companies, helping them smoothly transition through growth phases, business cycles, and ownership changes. Kreischer Miller offers a wide range of services, including Audit & Accounting, Tax Strategies, Business Advisory, Human Capital Resources, and Technology Solutions across an array of industries, including manufacturing, distribution, construction, real estate, not-for-profits, media, government contracting, professional services, family-owned businesses, and investment firms. The firm provides insight and creative services to organizations that need to be able to quickly adapt and respond to changing market opportunities and challenges. To learn more, call us at 215.441.4600 or contact us.