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All Services:
Accounting
Accounting Policies and Procedures
Audit and Assurance
Budgeting and Financial Modeling
CFO and Controller Support
CPA Elder Care
Client Accounting
Compliance Audits
Construction Contract Cost Control
     and Construction Audits

Consulting
Cost Allocation and Indirect Rate
     Structure Analysis and Development

Financial Audits
Forecasts and Projections
Forensic Accounting
Internal Audits and Risk Management
Organizational Assessments,
     Management Audits and Operational
     Reviews

QuickBooks Setup and Reviews
Project Accounting
Representation in Tax Matters
Reviews and Compilations
Special Reports (Agreed-upon
     Procedures)

Tax
Tax Compliance
Tax Planning

 

 
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CONSULTING                                                                                   Bookmark and Share

Our consulting services provide perspective and deliver solutions with measurable impacts.

At LM Austin our consulting services include:

Forensic Accounting

Organizational Assessments, Management Audits and Operational Reviews

Budgeting and Financial Modeling

Cost Allocation and Indirect Rate Structure Analysis and Development

CPA Elder Care

Accounting Policies and Procedures

Construction Contract Cost Control and Construction Audits

QuickBooks Setup and Ongoing Support

Contact us today for more information about LM Austin LLC's Consulting Services.

Forensic Accounting

Forensic accounting services include both litigation support and investigative accounting and involves the application of specialized accounting, auditing and investigative skills to present complex financial issues in a clear format that is suitable for use in the courtroom, boardroom or other legal/administrative venue. LM Austin’s forensic accountants look behind the numbers to uncover the economic reality of the situation. Our role can involve fact finding, discovery, settlement negotiations, trial support and expert witness testimony. LM Austin’s forensic accounting services include:

Fraud investigation

Fraud prevention

Marital dissolution

Probate and fiduciary matters

Litigation consulting and expert testimony

Organizational Assessments, Management Audits and Operational Reviews

Our consultants perform structured reviews of business systems and procedures. We evaluate people, process, and controls, and work collaboratively to identify both short-term and long-term, value-added ideas and recommendations. From determinations of the extent to which the desired results or benefits of a program are being achieved, to assessments of how economically and efficiently your organization is using its resources, we focus on management goals, and deliver innovative solutions, initiatives and strategic plans for the business challenges you face.

Budgeting and Financial Modeling

We utilize strategic approaches to develop budgets and forecasts that highlight links between resources and quantified results and contain relevant performance measures to monitor the achievement of expected results. We also develop client-specific financial models that provide “what-if” scenarios that allow you to adjust input variables across a range of likely values to instantly see results and project realistic outcomes. These interactive tools will help you to choose strategies and approaches that are in line with your business goals.

Cost Allocation and Indirect Rate Structure Development

In the "cost" based environment of government contracting, only "allowable" costs (per FAR part 31, OMB Circular A-21, A-87 and A-122) can be included in proposals and billings to the government. Many times, the allowability of certain costs is unclear due to the complexity of FAR and OMB Circulars. LM Austin, LLC maintains an in-depth working knowledge of the FAR and OMB cost principles to help clients enhance the profitability of their contract performance by:

establishing a competitive and compliant cost allocation structure;

developing an appropriate indirect rate structure based on the unique cost and market drivers of the organization; and

maximizing cost allowability and minimizing the risk of penalties due to claimed unallowable cost.

CPA Elder Care

We assist seniors and adult children caregivers with financial matters. With our elder care services, you get the help of a caring, honest and knowledgeable professional – someone on your team looking out for your best interest. Available services include:

Specialized tax preparation, including home visits

Accounting for financial resources, including bank reconciliations and assistance in executing financial transactions

Reviewing and paying household bills, budgeting and recordkeeping

Payroll processing and payroll tax returns for household employees

Making sure money is received, receipted and deposited

Handling day-to-day financial transactions such as home repairs, routine maintenance and emergency medical expenses

Preparing inventory of personal assets and investments

Determining current and long-term cash flow needs by analyzing income and expenses

Addressing questions about lifestyle, Social Security, pensions, Medicare, and long-term insurance.

Monitoring investment portfolio and other assets in conjunction with their investment advisor.

Preparing, planning and filing income, trust, gift and estate tax returns

Assist with trust and estate administration

Accounting Policies and Procedures

Written procedures, instructions and assignments of duties will prevent or reduce misunderstandings, errors, inefficient or wasted efforts, duplicated or omitted procedures, and other situations that can result in inaccurate or untimely accounting records. Our Consultants can develop a well-documented accounting policy and procedure manual to help ensure that all similar transactions are treated consistently, that accounting principles used are proper, existing internal controls are documented and that records are produced in the form desired by management.

Construction Contract Cost Control and Construction Audits

We have extensive experience working with a wide array of contract delivery methods including design-bid-build, design-build; and various contract types such as fixed price, not-to-exceed, construction management (at risk and as agent) and unit prices. Our approach incorporates financial, engineering and operational know-how to assist Owners in managing their construction projects throughout each phase the project life cycle from planning through completion and close-out. Our construction contract cost control and construction audit services are designed to:

Avoid costs

Identify and mitigating risk

Develop and maintain financial controls

Identify overcharges

Avoid litigation

QuickBooks Setup and Ongoing Support

An accurate accounting system is essential for business success. Many small business owners choose QuickBooks accounting software and LM Austin LLC can help you set up and maintain your accounting system.

Setup: We help you select the appropriate QuickBooks version, install your software, setup your accounting system and provide training.

Ongoing Support: We help you maintain your system on a monthly, quarterly or annual basis including the preparation of compiled financial statements


 

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