Services & Specialties

Today's farmers do much more than tend to crops or cattle - whether by choice or necessity, they must also function as businessmen, with an acute eye always trained to the future. Like most other industries, farmers are also faced with countless challenges and changes, dealing with issues like changing environmental regulations, specialization, efficiencies, and commodity futures. And whether you raise chickens or grow corn, or sell to local markets or to large chain grocers, there's a definite need to stay abreast of business issues more than ever before.

We understand the risks and opportunities available for today's farmers. We are ready to help you maximize the return on all of your hard work. From strategic tax planning and basic tax returns to estate planning and accounting services, we're ready to help you grow and prosper.

A successful law practice takes more than providing sound legal advice for your clients and winning cases. It also takes strong management and cohesive operating procedures. May and Company understands the unique challenges you face when it comes to running your firm. In addition to traditional accounting, auditing, and tax planning and compliance services, we'll advise you on how to maximize operating efficiency and build a profitable practice.

We have been serving attorneys in many capacities, from the office to the courtroom, as well as in their personal lives, for many years. In addition to our law firm advisory services, we provide expert witness and litigation services to support your client needs. We can help you with:

• Budgeting and forecasting
  
• Business succession planning
  
• Cash flow management
  
• Financing assistance
  
• Internal control review
  
• Law firm profitability analysis
  
• Operations review
  
• Partner compensation plans
  
• Pension and profit sharing plans
  
• Tax compliance
  
• Tax planning

Our extensive knowledge comes from team members' years of experience directly in the construction industry

We have a solid commitment to the construction, architectural and engineering industries. It's about substantially more than just the debits and credits.

May and Company's Team provides comprehensive financial solutions by utilizing our industry expertise to develop unique strategies and solutions for you. We are passionate about helping you succeed

• Accounting systems for construction costs
  
• Bond capacity maximization
  
• Business succession planning
  
• Business valuation
  
• Cash flow analysis
  
• Equipment acquisition
  
• Financial and tax depreciation planning
  
• Overhead review
  
• Sales, use, and property tax analysis and consulting
  
• Tax compilation and planning
  
• Workers compensation reviews

We understand your business in a way that the typical CPA cannot. We are recognized leaders in serving dealers throughout Mississippi and Lousianna. Our clients benefit from the knowledge and experience we have gained from working with hundreds of franchised dealerships over the years — the specialized knowledge that non-dealership accountants cannot match. They gain from our proactive approaches, skill and experience in dealing with all business aspects of the dealership industry. We provide our clients with experienced professional staff that only a dealership accounting firm can offer.

We are committed to producing consistent high quality, professional and timely services. We strive to contribute to the financial success of our clients by serving as their professional advisors and advocates in this highly competitive and rapidly changing business environment.

Globalization has forever changed the manufacturing industry. Gone are the less complicated days of focusing solely on domestic materials and labor. As a result, manufacturers are always searching for new sources of raw materials, ways to reduce labor costs, and ways to improve "time to market", all the while manufacturing better quality products for less.

May & Company works with a variety of manufacturing clients who struggle with these issues every day. Our clients come from diverse industries but share many common needs. Knowledge of these types of businesses is an integral part of our practice. We offer a full range of accounting and management consulting services to help our clients grow and operate efficiently. Some of the areas we can help are:

• Acquisitions and divestitures
  
• Accounting systems integration
  
• Audited financial statements
  
• Cash flow analysis
  
• Financing assistance
  
• Fraud prevention
  
• Internal audit planning
  
• Inventory management an costing
  
• Profitability analysis
  
• Restructuring and reorganization
  
• Sales, use and intangibles tax
  
• Tax planning & compliance
  
• Valuations

The challenges facing the healthcare industry - increasing regulations, an aging population, and cost control issues - continue to grow. This is why professionals in the healthcare industry require so much more than traditional accounting services from their accounting firm. We have worked with individual medical and dental practices of all sizes as well as long-term care facilities and assisted living facilities. May & Company offers not only general services, like financial statement reviews and compilations, tax return preparation, and payroll services, but also services that provide long term value to our medical and healthcare clients, including:

• Business valuation
  
• Feasibility studies
  
• Medicare and Medicaid cost reporting
  
• Tax compliance
  
• Tax planning

The challenges facing the healthcare industry - increasing regulations, an aging population, and cost control issues - continue to grow. This is why professionals in the healthcare industry require so much more than traditional accounting services from their accounting firm. We have worked with individual medical and dental practices of all sizes as well as long-term care facilities and assisted living facilities. May & Company offers not only general services, like financial statement reviews and compilations, tax return preparation, and payroll services, but also services that provide long term value to our medical and healthcare clients, including:

• Business valuation
  
• Feasibility studies
  
• Medicare and Medicaid cost reporting
  
• Tax compliance
  
• Tax planning

Our extensive experience includes a broad range of not-for-profit clients and organizations with annual revenues from under one million to multimillion-dollar entities. Our clients serve a wide variety of community needs and interests, including education, economic development, religion, social causes, the arts, foundations and trade associations.

In addition to traditional accounting, auditing and tax services, we offer a full range of not-for-profit business advisory services designed to increase revenues, improve operational efficiency, and reduce costs. We'll help you meet your objectives with:

• Audits in accordance with the Single Audit Act and OMB Circular Number A-133, as well as a host of other services related to single audit process compliance
  
• Compensation and Benefit Planning
  
• Strategic Planning, including business plans and reviewing accounting and/or bookkeeping needs
  
• Financial Consulting, including identifying potential areas of improvement, monitoring compliance regulations, and providing financial information as needed
  
• Pledge accounting and discounting of long-term pledge receivables
  
• Tax planning, including completing or reviewing applications for exempt status and providing guidance in identifying other potential tax issues

From managing mortgages and property rentals to developing commercial property and multi-million dollar shopping centers, companies can make real estate investments profitable ventures, but only with acute market awareness and careful strategic planning.

May & Company's team combines creativity, tax planning and business consulting acumen to take advantage of changing interest rates, new tax laws or market cycles that can affect the profitability of core business operations. Our professionals provide real estate entrepreneurs with the tools necessary to make smart investment decisions. And when you're looking to buy or develop property, we provide the necessary due diligence to determine and forecast the viability of the venture. And after the deal is done, we plan aggressive tax strategies and make recommendations for profitable management.

For businesses with real estate concerns, we work to determine the best way to handle property to build our clients' bottom lines. Some areas of consideration:

• Assisting in mortgage refinancing
  
• Buying versus leasing
  
• Cash flow analysis
  
• Computing breakeven on rental properties
  
• Leasing back sold property
  
• Segregating costs to accelerate depreciation
  
• Separating operating entities from real estate

As a retailer, you know all to well the challenges of remaining profitable in a highly competitive and changing business environment. May & Company staff of industry specialists have assisted countless retailers just like you and know what we can do to help you prosper.

Our clients include many family and closely-held businesses with single to multiple store locations, selling a variety of products and services, including automobiles, equipment, electronics, flooring, clothing, jewelry, floral products, food and beverages, groceries and more! We'll help you operate more cost-effectively, enabling you to stay focused on your market and your customers' needs. In addition to traditional accounting, auditing, tax and consulting services, we provide a full range of industry-specific business advisory services designed to increase your profitability, improve your competitive position and reduce your operating costs:

• Audit and Accounting Services
  
• Business consulting on a variety of topics
  
• Business Valuation Services
  
• Estate and Business Succession planning services
  
• Information technology accounting
  
• LIFO accounting
  
• Litigation support services
  
• Retail inventory method
  
• Tax planning and preparation services

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:
*General ledger & financial statement preparation

*Bookkeeping (Monthly/Quarterly/Annual)

*Accounting system setup for new businesses

*Computerized payroll services

*Business tax return preparation (Sales & Use/Business Property)

*Personal financial statements

*Litigation support

Our significant 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-profit organizations.

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:

• Tax planning & return preparation
• Individuals
• Corporations
• Partnerships
• LLCs/LLPs
• Estates, trusts & gift
• Not-for-profit organizations
• Taxing authority representation
• Divorce and support issues
• Tax effects of buying/selling a business

Litigation support involves the quantification of economic damages pursuant to existing or pending litigation using accounting and auditing techniques. We have experienced competent staff who can compile information efficiently to assist in the calculation and documentation of any potential economic loss or damages.

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We use accounting and auditing skills to provide an analysis of financial records in conjunction with fraud and theft investigation. Our damage measurement methods can determine the extent of financial loss and illegal accounting practices.

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As you develop your investment strategy, we will act as your sounding board. We can help you and your investment advisor build an investment portfolio that takes into consideration the impact of taxes and produces a favorable after-tax return.

A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security

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.

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

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:

• Tax planning & return preparation
• Individuals
• Corporations
• Partnerships
• LLCs/LLPs
• Estates, trusts & gift
• Not-for-profit organizations
• Taxing authority representation
• Divorce and support issues
• Tax effects of buying/selling a business

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

Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with the bookkeeping function.

As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.

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.

We can assist your company with a variety of human resource needs including compensation and benefits analysis, human resource studies, recruiting, and the development of employment manuals. Our HR consulting staff is experienced to utilize personality surveys. These surveys are a tool for matching the personalities to their related job description.

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. With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.

Whether you are thinking of buying a new business or in the midst of a difficult divorce, the amount attached to the value of your business is important. We can provide useful and objective analysis to assist you in the valuation of any business in which you have an interest.

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Whether you are contemplating the addition of new computer hardware or overhauling your network, our experienced staff can assist you with many of the difficult decisions that must be made when designing your business' computer systems./p>

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This popular accounting software program provides today's small business owner with an invaluable tool for financial reports. Our QuickBooks team works to provide you with setup, training, and follow-up services – whether in your office or remotely.

With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting one that is right for you has become increasingly difficult. As accounting professionals, we are exposed to most programs through trade journals and actual use. Our experienced staff can help you choose and implement the system that best fits your needs.

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