BOUTIQUE
CPA FIRM

Our Insights, Your Value

Specializing in Commercial and Individual Tax,  Assurance & Accounting, Business Advisory Services.

 

 

PRACTICE
AREAS

Assurance & Accounting

Tax Services

Business Advisory

Chen Accounting Group, CPA provides a wide variety of assurance, accounting, tax and advisory services to assist companies with their reporting, data analysis, regulatory compliance and financial planning needs. We have detailed our services in the Assurance and Accounting, Tax Services, Business Advisory Services sections.

Assurance and Accounting

In addition to providing traditional financial statement audit, review, and compilation services, CGA offers our clients a wide array of specialized accounting services. Our professionals perform internal control, cash management, and other systems reviews tailored to each client's business to promote the integrity and reliability of financial information and the effectiveness of underlying accounting processes. CAG combines extensive business and industry knowledge with the expertise of our tax department to prepare forecasts and projections that meet each client's specific needs.

We understand that it's difficult to make confident decisions without reliable financial information. While you focus on turning your vision into reality, we'll work to make the accounting function easy and ensure that your financial records are maintained correctly and accurately.

Our clients get personalized and responsive service from dedicated accounting professionals who will help you manage your business and keep your finances on track. We want you to feel confident that your accounting system accurately reflects your current situation so you can concentrate on running your business instead of trying to stay on top of your books.

Our cornerstone is providing accurate and timely audits that contain all required disclosures and reporting. We have the knowledge and training required to manage the audit needs and the resources to assist with specialized events as they arise.

  • Financial Statements Auditing, Review and Compilation

    • We provide a full range of services designed to provide assurances that the financial statements accurately represent the true financial position of your company and act as a source of accurate information for management, investors and stockholders. 

    • Compilation
      Summarizing client-supplied financial statements including a balance sheet and income statement; a cash flow statement and/or footnotes may or may not be included depending on the user of the financial statements. Recommended for monthly, quarterly, semi-annual interim reporting and the occasional year-end report. We provide no level of assurance on the financial statements as CPAs.

    • Review
      Mid-level service involving the analysis of financial statements. We interview you about your processes, then analyze and document key balances. The process concludes with a report that your statements are in accordance with generally accepted accounting principles. Best for year-end business reporting.

    • Audit
      The highest level of assurance we can provide as CPAs. We give our opinion as to the fairness of presentation of your financial statements in conformity with accounting principles generally accepted in the United States of America. In-depth analysis of the account balances is conducted along with inquiries of Management and other key personnel. At the end of the engagement we will make recommendations to the Board of Directors to tighten internal controls and help streamline processes. This level of service is most suitable for medium and large companies, non-profit organizations, ERISA (Employee Benefit Plans), municipalities and schools.

  • Accounting and Bookkeeping

    • We offer a full range of accounting and bookkeeping services including compilations of financial information, QuickBooks set up and support, strategic planning, help with IRS audits, budgeting and more.

    • Any business that does not have an adequate bookkeeping system is fair game for predators. Predators can be a partner or trusted employee who is secretly siphoning money out of the business, suppliers acting in collusion with employees, customers hoodwinking the company, and the taxing authorities, attorneys, and labor department taking advantage of your weakness. In addition, runaway expenses and underpayment of taxes can ruin the business.

    • CAG has assembled a group of general and specialist bookkeepers from your industry to work for you for a minimum of five hours. Our bookkeepers can help you make the transition to a new bookkeeping system or overhaul, clean up, update, install internal controls, and ensure your new or old system operates effectively and efficiently. They will ensure the accounting method they have chosen for your business matches your industry and company needs and meets IRS and state requirements if you are audited or if you have a labor dispute.

    • Monitoring your company's income, expenses, cash flow, and working capital will become an effortless task as you strive to adhere to transparency and accountability. You will feel confident when you use the system to make snap business decisions and track suspicious transactions. The system will help you plan for economic recessions, pinpoint areas for business growth and cost reduction, alert you to waste, abuses, and cost overruns, and it will help you maintain/restore creditor, employee, and customer confidence in your business. Clem Barry, the accountant and consultant, will prepare the financial statements and tax returns, and handle IRS, state, and tax court issues.

  • Fraud Prevention and Detection. 

    • Increased focus on detecting accidental or illegal loss of service, money, or goods.

  • Agreed Upon Procedures. 

    • To assist companies in the evaluation of specified subject matter and related assertions about such subject matter. 

  • Internal Audits. 

    • The Sarbanes-Oxley Act requires companies to install processes to create safe and accurate financial reporting disclosures and internal control systems. Sarbanes-Oxley Section 404 compliance assistance can be arranged to achieve this goal.

  • Rents and Royalty Audits. 

    • To identify discrepancies reported on rent rolls and royalty statements.

  • Financial Statement Preparation

  • Lender Services. 

    • Due diligence, audits, periodic compliance reviews and agreed upon procedures.

  • Financial Analysis. 

    • Overview of key data measurement points.

 

  • Personal Financial Statements

  • Bookkeeping – Monthly, Quarterly, Semi-annual and Yearly

  • Payroll Services

    • Payroll can become a time-consuming chore for busy small business owners. Let us take this task off your plate, providing you with more time to focus on growing your business.

  • QuickBooks setup and support.

 

Tax Services

CAG has the ability and resources to assist our clients in navigating the changing complexities of tax laws and regulations. Our firm's extensive tax planning experience has benefited individuals, estates and trusts, small to mid-size businesses, and large corporations. From tax planning and research to return preparation and filing, CAG provides comprehensive services that enable our clients to minimize tax liabilities and meet financial goals.

We know that proactive and aggressive tax planning is critical to minimizing your tax liabilities. When you work with us we make tax planning part of your overall business strategy and not just something we do at year-end.

You can be confident that our firm is on top of the current new developments in the tax laws to decrease both your current and future tax liabilities. We offer practical, proactive and innovative solutions to tax planning that put your business or personal needs first. Our firm provides our individual and business clients with the taxation expertise and knowledge that they deserve year round.

We provide proactive planning and research to defer tax liability and maximize business benefits. Our professionals work with you to determine the best path to take from an international, national or local perspective. It’s not always how much you make, but how much you keep.

Our tax professionals use their expertise to help clients minimize their tax liability through constant planning, communication, and financial forecasting. We believe the best way to minimize your tax liability and maximize your tax savings is through ongoing tax planning throughout the year. This is our proactive approach to ensure that there are no surprises come April 15th. We want our clients to understand that come January 1st, it is too late to make any strategic actions to minimize your tax liability. Operating as our clients’ true advocate, we encourage them to consult with us when making any business decision, no matter how insignificant it may seem. Whether it’s choosing to buy or lease a company vehicle or deciding to open a new location. We are so committed to helping you succeed in your business decisions, unlike attorneys; we do not charge clients for a five or ten minute phone call. We don’t want our clients to make a decision which could negatively impact them because they were afraid of being “nickel and dimed” for our advice.

  • Tax Planning and Preparation

    • When a tax law changes we know about it. We believe in year-round tax planning to help minimize your current and future taxes. We also prepare all federal, state and local tax returns for individuals and businesses. In addition, we prepare all types of tax returns for businesses and individuals at competitive, affordable rates.

  • IRS Representation and Problem Resolution

    • We can help you solve your IRS problems because we can negotiate directly with the IRS on your behalf. Our services include IRS audit assistance, debt settlement, Offers in Compromise, negotiating payment plans and more.

  • Foreign Documents Services

    • Immigration documents and U.S. tax returns

    • Taxation of foreign nationals working in the USA

    • Taxation of U.S. nationals residing overseas

 

These are a few of the many tax services we provide:

  • Tax Planning for Businesses and Individuals

  • Federal and State Income Tax Return Preparation

  • Federal and State Audit Representation

  • Assistance with Payroll and Sales & Use Taxes

  • Compensation Planning

  • Adopting a Retirement Plan

  • Buying or Selling a Business

  • Real Estate Investments

 

Business Advisory Services

CAG serves as a trusted advisor to our clients in many other areas including business consulting, business formation, and project finance support; retirement, pension, and financial planning; estate and trust administration; information technology consulting; and, investment advisory services.

Our firm recognizes that businesses today face many complex challenges that can threaten their very survival. That's why CAG offers Las Vegas area businesses the expertise of a CPA to help you achieve your business goals and navigate through these challenges and grow your business.

We provide a wide variety of business consulting services to our clients including financial management, operational support, risk management and strategic planning. We take pride in the fact that we listen to your concerns and needs, and then work to develop a plan to help your business succeed.

Our firm assists clients with a wide array of different and sometimes unusual consulting issues. We may be asked to evaluate a new business venture, help work out financial issues, make process improvements in a company that is struggling, or provide project oriented services to assist with specific business elements such as pricing, costing systems, or retirement and benefit plans. Below is a sample of our service capabilities. If you have a need, please call us. If we cannot directly address your situation we will be able to provide a qualified resource that can help.

  • QuickBooks Consulting Services

    • We are QuickBooks Pro Advisors who have extensive experience getting maximum performance out of QuickBooks for our clients. We can help with set up, training and ongoing maintenance.

  • Entity Selection and New Business Advisor

    • Business formation, entity selection and incorporation doesn't have to be complicated. We take the time to get to know your business so we can make a recommendation that fits your needs and minimizes your tax burden. Our goal is to simplify the start-up and development phases so you can focus more of your attention on growing your business.

  • Gaming Internal Control Compliance

  • Accounting Procedures

  • Budgets, Forecasts and Cash Flow Analysis

    • Cash Flow Planning. Projections to support cash requirements.

    • Revenue Projections. Short and long-term revenue models for planning and to measure progress.

    • Budgets & Forecasts. Written formats to plan, track and analyze results and projections

  • Business Valuations

    • We provide independent, knowledgeable business valuation services because we recognize a credible valuation is crucial in estate taxes, buy-sell decisions, family law and other civil litigation support.

    • Business valuation is an appraisal of the economic value of a business.

  • Litigation Support. 

    • Expert witness testimony, data research and interpretation to support positions.

  • Business Succession Planning

    • Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company's day to day operations. Using tax and finance as a foundation, we assess the complex issues of business continuation to develop a sound succession strategy.

  • Debt and Financing Services

    • Debt management and the evaluation of financing options are issues that an experienced professional deals with every day. Ovist & Howard, CPA’s is adept at securing financing for both personal and business needs, as well as debt consolidation.

  • Business Process Improvement

    • During the course of your organization's growth and development, processes and controls are created. For those involved in the day-to-day business, an objective assessment of these processes is difficult. We provide just that perspective, an independent mind to assist you along with solutions for the challenges you face.

  • Due Diligence Services

  • Business Entity Selection

  • Transaction Structuring and Negotiations

 

OUR VALUE

P.A.R.T.N.E.R.S.H.I.P.

Partnership

·         To inspire each other and bring fruition to all parties.

Achievement

·         Honest endeavor, persistent effort to do the best possible under any and all circumstances

Relationships

·         To associate with men of good quality

Trust

·         Mutual confidence and mutual aid

Networking

·         To understand our partners’ needs and create a win-win situation

Excellence

·         To expect and achieve more than what others think is possible.

Respect

·         To listen to our clients and team members and stay committed to promote their best interests

Support

·         To believe in our clients’ future and provide insightful advice

Helpfulness

·         The nature of our business is to help our clients and team members succeed

Integrity

·         The essence of all true success

Productivity

·         The result of a commitment to excellence, intelligent planning and focused effort.

 

PROFILE

MICHELLE CHEN, CPA

PARTNER


Michelle Chen discovered her passion for accounting while pursuing her Bachelor’s and Master’s degrees at University of Southern California in Los Angeles. She graduated with honor in the top five percentage of her graduate class.

Michelle obtained extensive tax, accounting and auditing experience in prestigious public accounting firms such as Plante & Moran and Pricewaterhouse Coopers. Throughout her career as a practicing certified public accountant, Michelle has led various teams in providing SEC reporting, SOX compliance, external audits, business consulting and evaluation, tax compliance, internal audits, and financial accounting services for mature, sophisticated clients such as Ford Motor Company and Las Vegas Sands, as well as small to mid-size businesses in various industries including manufacturing, professionals, retail stores, entertainment, bars and restaurants, casinos, real estate, construction, homeowner’s association and non-profits.

Her dedication and years of experience in providing excellent client service and the best value contributes to her integrity, passion for accounting and exceptional ability to analyze, research,  solve and explain complex tax, accounting and business problems for various entities including corporations, partnerships, and limited liability companies.

Michelle is active in a variety of civic and cultural organizations. She currently serves on the board of Las Vegas Asian Chamber of Commerce.

 

CONTACT
CHEN ACCOUNTING GROUP, CPA

OUR ADDRESS

6280 Spring Mountain Rd Ste 115

Las Vegas, NV 89146

Email: mchen@chenaccountinggroup.com

Tel:  702-252-8881

 

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