Because our firm is relatively small, we can offer our clients personalized, quality service. We have listed the services that we offer to our clients along with a brief description below.

Accounting & Administration
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot 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:

•General ledger and financial statement preparation

•Bookkeeping (Monthly/Quarterly/Annual)

•Accounting system setup for new businesses

•Personal financial statements

Audit & Assurance
Our audits are conducted in accordance with U. S. generally accepted auditing standards and include tests of your accounting records and other procedures we consider necessary to enable us to express such an opinion.

Our procedures include tests of documentary evidence supporting the transactions recorded in the accounts, tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected customers, creditors, and financial institutions.

Business Startup Support
Firm professionals frequently assist entrepreneurs with developing business plans, budgets and projections. We also advise clients on the tax implications of the choice of business entites, routine filings, and other business startup needs.

Business valuations
As your Clients’ professional advisors, our business is to know their business. Simply stated, Harshman Phillips & Company’s Mission is to assist our Clients with their Mission, providing comfort and confidence that their financial affairs are well tended. We bring in-house expertise and as always, have networks and relationships with many other professionals, accountants, attorneys, bankers, MAI appraisers, and other business valuation analysts as well as corporate financiers, investment bankers, and venture capitalists for each unique financial consulting situation as warranted.

Estate & Trust Planning
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.

Financial & 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.

Income Tax Preparation
Our investment in 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.

Mergers & Acquisitions
Finding the right business partner for your company can be a difficult task. We can assist you in the merger or acquisition process by assessing such critical elements as tax considerations; product/service compatibility; financial impact, and cash flow considerations.

Outsource Service
Harshman & Phillips augments your in-house staff with contract accounting services more efficiently financed on an outsource basis. From paraprofessionals to controllers, Harshman & Phillips resources increase your intellectual capital on a full or part-time basis.

• Taxation matters – Gift and estate tax planning, family limited partnerships, charitable contributions, family succession planning, adequacy of life insurance, S-Corporation election, liquidation or reorganization, split-ups or spin-offs, transfer pricing issues, and purchase price allocations.

• Litigation support services – Partner/shareholder dissent, divorce, bankruptcy and foreclosures, insolvency, liquidation and reorganizations, and eminent domain cases.

 

We work closely with our clients throughout the year to maintain a current understanding of their company, its operations, and its business environment. This allows us to provide the best possible advice.

Because entrepreneurs tend to have fewer outside advisors, our clients tend to rely on us for a broad range of general business advice, as well as assistance with accounting audit, and tax matters. We enjoy close relationships with our clients and appreciate the confidence our clients place in us.