THE RIGHT BLEND of COMPLIANCE
and ADVISORY CAPABILITIES

Our focus is to ensure financial matters run smoothly. Although compliance issues are important, our value added comes from our years of experience and ability to provide specialized support. One of our primary objectives is to look for opportunities to continually improve operations. To accomplish this, we link your business and personal goals and work to assist in the development, management, and transfer of wealth from the business to you or your family.

Some of services are listed below along with a brief description. The list is not all-inclusive. We are frequently asked to assist on projects ranging from simple tasks to complex engagements.

We take a proactive approach by identifying tax-planning opportunities to minimize current and future tax liabilities. Our services offered include, but are not limited to:

Tax Planning & Return Preparation. Our professionals use computerized systems and research software to accurately and efficiently prepare returns for individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.

Estates, Trusts & Gifting. Effective estate and gift planning orderly transfers assets to beneficiaries, provides security for surviving family members, and reduces tax liability. Our professionals can guide you through the process of getting your financial affairs in order.

International Taxation. We have experience with tax matters for businesses operating in, or doing business in, foreign countries.

Sales Tax Reporting. We keep businesses compliant with taxing authorities by compiling and preparing sales tax returns for clients responsible for collecting and submitting sales taxes.

IRS Representation. Federal, State and local representation on tax issues requiring representation or communication with taxing authorities.

Divorce Planning. Our professionals help identify the value of the assets, project the potential tax impact, and work to bring a quick closure.

Business Entity Selection. We evaluate the pros and cons of operating as an S or C corporation, sole proprietor, or partnership and help you select the entity that best fits your needs.

We provide financial statement audits, reviews, special purpose engagements, and internal control services. Our firm has experience working with closely held businesses, non-profits, municipalities, and publicly traded companies.

Audits - an intensive examination with the highest level of assurance

Reviews - some analytical procedures conducted with limited assurance

Internal Audits – documentation and testing of internal controls and remote locations

Special Purpose Engagements – to examine specific areas of interest

Employee Benefit Plans – audits of 401k, pension, or other company sponsored plans

Fraud Detection & Prevention – an analysis of records to assess damages, determine the extent of a financial loss, or identify illegal accounting practices.

We help provide assistance with accounting transactions, monthly or quarterly closings, or become your complete accounting department. Our firm provides a full range of cost effective accounting services including:

Outsourced CFO. One of our professionals can become your part-time CFO providing financial leadership and management to become the permanent solution for a growing enterprise or an organization scaling back on full-time assistance, or to bridge a temporary gap.

Bookkeeping. We can assist in-house resources or outsource your entire accounting department including paying the bills, recording transactions, managing receivables, and generating financial statements and related adjusting entries to your general ledger system.

Software Selection & Installation. Installation, set-up and training accounting software.

Properly structured financial plans enable you to address financial needs at each stage of life. We review your financial goals, measure risks, and develop strategies to help you understand how to achieve your goals and strengthen financial security.

Personal Wealth Planning. Our professionals will design a plan to begin wealth planning or review and recommend ideas to enhance already established plans.

Company Benefit Plan Options. We will review the qualified employee benefits to help evaluate the type of plan that best serves your retirement and lifestyle coverage needs.

College Planning. Analyzing the different options to pre-pay or manage current tuition needs

Exit Strategy Planning. Often, this is a multi-year process to prepare a business for sale to an outside party. We help management create a realistic plan, ensure reporting is accurate, and work to present the organization in the most favorable position possible to leverage the potential selling price.

Mergers & Acquisitions. We help evaluate critical elements such as tax considerations; product/service compatibility; competitive tactics and position; financial impact; cash flow considerations and we conduct the due diligence on potential candidates.

Shareholder Buyout. Assisting partners/shareholders and surviving spouses with planned or unexpected terminations or hostile buyouts and help create a transition for the surviving owner.

Family Succession. We help develop a plan to minimize tax liability on the transfer and reduce debt for incoming leadership, while ensuring the retiring owner meets their retirement needs.

Employee Buyouts. Creating a plan to structure the sale of the business to employees.

These are some of the services we offer to help businesses increase efficiencies and profits.

Budgeting. To develop written plans to monitor achievement and set realistic profit expectations.

Cash Flow Planning. We can forecast your financial needs, estimate financing requirements, track cash-flow sources and uses, and create reporting to help the business manage their working capital, access to capital lines, and keep operations running smoothly.

Forecasting & Projections. From simple projections to complex financial modeling, our staff can design “what if” financial models or customized tools to help gain control of or monitor options.

Activity Based Costing. Our team will measure the “true” cost factors including the administrative and handling or processing time involved with a service or product, storage and shipping costs, insurance and financing.

Cost Containment. Efforts to reduce excess costs such as scrap, idle time, excess capacity issues, break-even points, labor rates, insurance classifications, and other components.

Catalano, Caboor & Company offers a reporting service for political committees, candidates, and elected officials. With the increased scrutiny on the actions of candidates and their supporting committees, retaining an expert to manage financial needs is critical. Whether a large political committee or a local candidate, we have the knowledge and expertise to ensure the financial component of the organization meets all regulatory guidelines. We are familiar with state reporting requirements, filing deadlines, and tax issues ensuring the possibility of negative exposure is significantly reduced.

Our service portfolio includes:

Specialized Accounting Services – including payroll related filings

Return Preparation - including IL Form 1120 and Federal Form 1120

Report Filings - including D-2 Pre-Election and Semiannual Statements

Specialized Reporting - Time Sensitive A-1 Filings

Training & Support – We can train staff how to use the Illinois state reporting system, and properly submit time sensitive filings. Sometimes the little things sink a campaign. To test us ask about our Political Campaign Review.

For more information, please contact Mr. Stephen Caboor at stevec@catbooor.com