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Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison. Below we have listed the services that we offer to our clients along with a brief description.
As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional. (Click service title for details) 
 Tax Services
 Accounting & Assurance Services
- Financial Statements
We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.
- Audits, Review and Compilations
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.
- 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
- Business tax return preparation (Payroll, Sales & Use/Business Property)
- Personal financial statements
- Litigation support
- Fraud Protection & Detection
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.
 Business Operations Services
- Accounting, Software Selection & Implementation
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.
- Bookkeeping
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.
- Outsourced Accounting Support
Outsourced accounting can quickly provide you high quality accounting staff and executives to cover unexpected or expected absences in your accounting department. We can also staff to assist in special projects to beef up your accounting department for short periods of time.
- Sales Tax Services
Many of our clients are responsible for collecting and submitting sales taxes in many different counties and states. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.
 Business Management Support
- Business Entity Selection
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.
- Business Process Improvement
In the course of an organization's growth and development, processes are created, either formally or informally, to deal with the various operational aspects of the business. Over time, however, these processes may become inefficient or, in the worst case, no longer necessary. Unfortunately, it is often difficult for the individuals that perform specific processes to see the big picture and to understand how the processes can be improved. Our consultants can help you see through the forest to the identify areas that need improvements and recommend solutions to make your people more efficient.
- 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. 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.
- Buying & Selling a Business
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.
- Debt & Financing Services
Debt management and the evaluation of financing options are issues that an experienced professional deals with every day. Let us use our experience to assist you in securing financing for your personal or business needs or consolidating your current debt to a more manageable level.
- Financial Forecasts & Projections
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.
- Litigation Support
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.
- Mergers & Acquisitions
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.
- Pension & Profit Sharing Plans
Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs…) can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.
 Estate and Trust Services
- Estate Planning
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.
Our goal is to provide the right tools and estate planning strategies to preserve your assets and protect your estate from having to pay transfer taxes. While advising you, we will also work with your team of experts such as your attorney, brokers, life insurance agents, and other advisors. Your estate plan should be reviewed often, as major decisions and changes in your life can have an effect on your plan. It's important to revise your plan when these changes occur.
Some of our estates planning services include:
- Federal Estate and Income Tax Planning
- Business and Wealth Succession Planning
| - Risk Management
- Charitable Intention Planning
- Preservation of Family Wealth
- Planning for Retirement
| - Trust Consulting
For many, the reasons for creating a trust are as personal as they are financial. At ASL, we respect your unique situation, and work with you and your attorney to design a trust that meets your non-financial goals, as well as your financial objectives.
Trust can be designed to provide increased income, remove assets from an estate, provide income tax deductions, transfer wealth, and to do much more. There are many techniques and related instruments we can use to accomplish your goals, including: - Revocable Living Trusts
- Personal Trusts
- Estates
- Insurance Trusts
- Private and Supporting Foundations
- Family Limited Partnerships (FLP)
- Employee Benefit Plans
- Gifts
- Guardianships and Conservator ships
- Private Investment Funds
- Custodian Accounts
- Special Needs Trusts
- Qualified Personal Residence Trusts
- Minor's and Education Trusts
- Private Annuities
- Qualified Terminal Interest Trusts (QTIP)
Abbott, Stringham and Lynch has the experience and technical understanding to recommend the right approach to your situation.
- Trust Accounting
Trusts can be useful tools to create significant tax and estate planning opportunities. At the same time, creating a trust also means you are creating a legal entity that, in most cases, will survive you. The fiduciary responsibility to manage your trust effectively and to carry out your wishes requires many and varied administrative skills. Administering a trust requires a keen sense of fiduciary responsibility, careful organization and comprehensive knowledge of trust rules and regulations. Some trusts also require an annual determination of market value, calculation of amounts to be distributed to the beneficiaries, evaluation of life insurance policies and more.
The trust specialists at Abbott, Stringham and Lynch will prepare periodic accountings of the income and expenses of the trust and in accordance with the requirements of the courts and other government agencies if required.
Industry Specializations
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