Industries & Clients

• Not-For-Profit Organizations
• Real Estate Developers, Construction Contractors and
  Property Management Companies
• Government Contractors
• Professional Businesses
• Professional Businesses

Not-For-Profit Organizations

At Frank & Company, we are experienced in servicing a diverse group of not-for-profit organizations. Not-for-profits are an important segment of our clientele and include the following:

• Charitable organizations
• Business leagues
• Educational organizations
• Chambers of Commerce
• Trade associations

Frank & Company professionals will work with you from the initial steps needed to create a non-profit organization to ensuring that all requirements are met to obtain and maintain your tax-exempt status. Our specialists also provide advice on the organizational and financial planning necessary in the high-oversight environment in which non-profits operate.

Frank & Company monitors the constantly changing tax laws regarding exempt organizations. We continually analyze new rulings and cases to help us better advise your not-for-profit.

With dozens of years of experience in accounting services for not-for-profit organizations, we are able to prepare your annual budgets. In addition, we are able to review or audit financial statements required by your board of directors. If your organization receives grants, we also can assist you with specific reporting requirements under the grant terms. We will also prepare the necessary filings for state regulatory authorities or federal and state taxing bodies.

Many not-for-profit organizations seek broad-based support through direct appeals for donations. Our extensive experience in assisting with negotiating contracts for fundraising campaigns, monitoring expenses for such campaigns (to comply with state and federal requirements) and registering with the relevant regulatory agencies are part of the services we offer our non-profit clients.

Frank & Company is committed to the efficient and effective operation of non-profit organizations. We share your dedication to deliver quality service to your members or constituents. We look forward to the opportunity to assist you and your board of directors in meeting your organization's goals.

Real Estate Developers, Construction Contractors and Property Management Companies

Frank & Company serves a wide range of clients encompassing all aspects of the real estate industry, from developers and contractors, to property managers and investors.

The real estate industry changes constantly, but continues to be a profitable area of business and investment for our clients. We aim to always formulate creative ideas to help you capitalize on your real estate business or investments.

Frank & Company offers the following real estate services:

• Determine whether to organize as a partnership, S corporation or C corporation
• Structure the financing for the purchase of property
• Assess when it is appropriate for a client to raise capital or incur debt
• Analyze property management and operations and provide suggestions to achieve maximum efficiency
• Prepare financial forecasts and projections
• Determine the effect of the new tax laws on potential real estate investments
• Evaluate the acquisition and disposition of property
• Recommend tax strategies
• Organize the arm's length lease agreements
• Prepare financial statements and issue compilation, review or audit reports
• Plan all applicable federal and state income tax obligations

Many business decisions in the real estate industry are based on accounting and finance. For example, if a developer must determine optimum use for a property based upon zoning, acquisition and building costs, Frank & Company provides the essential financial forecasts and also offers alternatives for developing a project at a lower cost.

Frank & Company provides expert management information. While your property is in the development stage, we will help you develop budgets, devise construction schedules and perform cost accounting. Also, funds must be accessible and costs must be controlled to successfully finish any project whether speculative or contracted building. Our staff of professionals delivers the necessary information to help you avoid delays and cost overruns.

When an individual is faced with many financial and investment opportunities, evaluation of the options based on respective yields and tax consequences is crucial to a sound decision. Frank & Company analyzes each alternative and helps you select the investment that will give you the best rate of return based on your financial goals.

Government Contractors

Government contractors operate in a sometimes perplexing world of regulations and reporting requirements. Although acronyms such as DCAA, RFP, CAS, and FAR may not concern many business, they must be properly addressed to ensure a government contractor's success.

Frank & Company professionals participate in continuing education to remain abreast of the trends, issues, and proposed actions and initiatives from the U.S. Congress and the Executive Branch. To ensure that we understand various financial and managerial initiatives of government personnel, we subscribe to numerous government trade publications, including the Defense Contract Audit Manual. As members of the same associations and interest groups to which government contractors belong, we communicate regularly with experts in the industry.

Frank & Company successfully assists clients to:

• Convert from manual or service bureau to internal automated accounting systems,
• Complete pre-award or recurring audits from agency auditors
• Draft policy and procedural manuals

Cost accounting is critical to identifying allowable and non-allowable costs. It is imperative that your accounting system support your specific contractual requirements, enabling you to recover all allowable expenses.

Frank & Company will work with you to establish and maintain banking relationships for working capital, including lines of credit involving accounts receivable financing. As your company grows we assist you with the following:

• Organization structure
• Response relations
• Lease vs. purchase decisions
• Business planning and projections
• Cash management
• Expediting contract payments

Professional Businesses

Frank & Company has the knowledge and experience to assist you in managing all facets of your business. At Frank & Company we are not only CPAs, we are experienced consultants. We play a valuable role in your operation, from determining efficient organizational structure to executing ownership.

When you venture to start a new business or convert a sole proprietorship or partnership into a corporation, you face tough management and financial decisions. Frank & Company experts offer all necessary financial services to facilitate such an undertaking.

Whatever the nature of their recurring financial needs, clients turn to Frank & Company because they know we will provide quality service in a timely manner. As a business manager, you know the vital importance of timely and accurate financial data that informs you of financial positions, risks and opportunities to increase performance. Financial statements are often used for:

• Obtaining or maintaining bank loans or lines of credit
• Bonding requirements
• Mergers and acquisitions
• Communicating financial information to outside parties

The audit accounting services department at Frank & Company can respond to this need effectively. We analyze your company’s current and historical financial performance and then compare your figures to those prevalent in your industry. From this data, we are able to identify potential problem areas and recommend protective strategies.

Frank & Company will prepare all appropriate federal and state filing obligations. We take advantage of every possible tax saving opportunity. We analyze the effects of income tax and financial planning on shareholders, principals and the company itself.

Whether you wish to purchase, sell, or transfer ownership to a new generation or employee group, we will supply business valuation, stock purchase or recapitalization strategies. Each assignment will be integrated with your personal financial plan to maximize benefits.