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Edward F. Connelly, Certified Public Accountant
The
CPA Firm on Route 128SM
Go
To Fixed Fee Billing
In addition to traditional accounting, tax
and financial
advisory services, we have worked with start up businesses, assisted with loan proposals, Securities and Exchange
Commission (SEC) private placement securities, successfully worked in
business turnaround situations, worked with
bankrupt, high growth and high technology companies.
Edward Connelly acts as an advisor and Chief Financial
Officer (CFO) to companies who need a part time controller. We also
provide accounting and control services for businesses that need to comply with Federal Acquisition Regulations
(FAR) and Defense Contract Audit Agency (DCAA) overhead reports. Ed has
assisted in the preparation of Small Business Innovative Research (SBIR) funding requests and reviewed SBIR requests
for funding, most recently with the National Science Foundation (NSF). In addition Ed has helped prepare applications for SBIR
funding Phase I, II and III. The current limit for SBIR Phase II funding
was recently increased to $750,000.
A recent engagement included a seven year summary report
to the United States Department of Commerce (DOC) for the DOC Manufacturing Assistance Program (MEP) program run by
the Massachusetts Department of Economic Development (DED). The MEP
program is a national program to help the small and medium sized manufacturing business develop or acquire the resources
to compete in the global economy.
Our primary
service continues to be
assisting small and medium size businesses and business owners in tax planning and preparation,
financial statements analysis and preparation software consultations, negotiations and workouts, QuickBooks,
and ACCPAC accounting support and setup, budgeting, forecasting, projections,
business sales and acquisitions, profitability
analysis, strategic tax and business planning.
Ed’s role often includes assisting in the marketing,
growing, managing, employee compensation, negotiating, buying and selling businesses.
Industry experience includes Fortune 500 as well as public accounting firms, including the largest regional
management consulting and certified public accounting firm in New England.
Our
personalized services for your business and personal tax and financial
matters will leave you with peace of mind.
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Edward F. Connelly, Certified Public Accountant
The CPA Firm on Route 128SM
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Call
for a Free Consultation on any of the following
services
We
Come To
Your Office.
Our
fixed fee billing option allows you to budget a fixed
monthly, quarterly or annual costs so there are no
billing surprises.
Call
Ed For
A Free Tax Check-Up, Accounting Analysis, and Fixed
Fee Quote.
We
Help You Control Your Costs.
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Profit
and Loss Statements
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We provide small
business owners with monthly, quarterly, or annual
Profit and Loss Statements. We want you to know
how you're doing so you can effectively manage your
business.
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QuickBooks
Training and Support
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We will train you or
your bookkeeper so you can get the most out of
QuickBooks and show you to how to save time and money by
using QuickBooks, the most popular small business
accounting software. You will be able to receive
prompt telephone or on site support for your accounting
and QuickBooks questions.
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CFO Controllership Services
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We offer customized accounting services for those businesses that
need a CFO but are not ready to hire a full time CFO.
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Audits, Reviews and
Compilations
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We view our role in the financial reporting process as an opportunity
to provide constructive solutions for maximizing your company's profitability and efficiency. We provide
financial reporting on all three levels of assurance:
*Audit- an intensive examination with the highest level of assurance
*Review - some analytical procedures conducted with limited assurance
*Compilation - based upon client information provided and used primarily for internal use.
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Tax Preparation
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Our significant investment in computerized tax preparation and
research software enables us to accurately and efficiently prepare returns for various types of entities
including individuals 1040, corporations 1120 and 1120S,
partnerships 1065, trusts 1041, estates 1041, and not-for-profit
organizations 990.
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Tax Planning
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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. In the event you are having trouble
resolving a tax matter we are able to counsel you in
dealing with the tax authorities, including preparing an
Offer
in Compromise. OIC
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Mergers & Acquisitions
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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; competitive tactics and position;
financial impact; and cash flow considerations.
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IRS Representation
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During our years of experience dealing with many taxing authorities,
we have achieved a level of competence that can ensure our clients they are being properly represented
before the various federal and state tax agencies.
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Computer
Consulting
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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.
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Financial
Forecasts & Projections
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Forecasting is a necessity when trying to effectively manage and lead
a business to profitability. From simple projections to complex financial modeling, our experienced
staff can assist you in achieving your company's financial goals.
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Bankruptcies
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Filing for bankruptcy is a serious and involved process with many
legal and tax issues. Our firm is familiar with the complexities of the bankruptcy filing system and can
competently guide you through the process.
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Cash Flow &
Budgeting Analysis
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A business can be profitable and still run into trouble due to cash
flow issues. We can forecast and evaluate your company's financial condition, estimate financing
requirements, and track cash-flow sources and uses.
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Business Valuations
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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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Bookkeeping/Write-Up
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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 bookkeeping.
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Buying & Selling a
Business
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Structuring the purchase or sale of a business properly is a critical
step in the process of buying or selling a business. Our competent staff has experience to guide you
through the acquisition/disposition process by addressing such issues as cash flow analysis and tax
considerations.
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Business Entity Selection
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Choosing the form of entity of your business (e.g.
S
corporation, sole proprietor, limited liability company…) is a crucial decision that can have
longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons
of each entity type to help you determine the most advantageous form of business for your company.
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CIRCULAR
230 NOTICE: The Internal Revenue Service regulations
require us to advise you that, unless otherwise specifically
noted, any tax advice in this communication (including
any attachments, enclosures, or other accompanying materials)
was not intended or written to be used, and it cannot be used,
by any taxpayer for the purpose of avoiding penalties under
the Internal Revenue Code or applicable state or local law
provisions.
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