Services

At Hinkle, Richter & Rhine, we guide our clients through a full range of tax planning and tax return preparation decisions and needs with strategies that seek to minimize tax liabilities, maximize cash flow and keep you on track to your goals. Our expertise, experience, analysis and thorough research allows us to help our clients better manage and optimize their tax and financial situations.

Tax compliance includes the preparation of federal and state income, property, payroll, sales and use and other types of tax returns and forms.

Tax planning primarily involves taking advantage of the benefits contained in current and anticipated tax law and rules. We provide planning services in most cases as part of the preparation of tax returns for businesses and individuals but specific planning engagements are also available.

We also provide assistance with foreign bank account (FinCen 114) and foreign financial asset reporting (Form 8938) matters including preparation of any necessary amended income tax returns and reporting forms and schedules. The Treasury Department is increasing its efforts at finding instances of noncompliance in this area and penalties can be severe. We also can assist nonresidents with obtaining an ITIN, Individual Taxpayer Identification Number, (Form W-7). Further, we have Certified Acceptance Agents within our firm to help expedite the application process. We also assist with FIRPTA Foreign Investment in Real Property Tax Act matters including withholding of tax matters, the Form 8288 series of forms, and Form 1040NR Federal income tax return for nonresidents of the U.S.A.

We also assist with cryptocurrency/bitcoin/digital currency/virtual currency tax considerations and reporting matters.

Our services are provided for individuals, businesses, CIRA’s (HOA/Condominium associations), foundations, non-profit organizations, estates and trusts.

From start-ups to established enterprises, businesses and nonprofit organizations rely on accurate and insightful financial and accounting information in order to maintain profitability and make critical decisions. Hinkle, Richter & Rhine's accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, business planning and budgeting, tax planning, payroll, investments, and employee benefit and profit-sharing plans.

These services include but are not limited to:

We provide full-service cloud accounting solutions for small businesses and can work with any existing accounting software and programs.

• General ledger and financial statement preparation
• Bookkeeping
• Accounting system setup and assistance including cloud based systems
• Payroll processing and assistance
• Cash flow budgeting and forecasting
• Personal financial statements
• Employee retirement, benefit, and profit-sharing plan assistance
• Corporate tax planning and return preparation
• Cryptocurrency/bitcoin/digital currency/virtual currency accounting and tax considerations and reporting matters.

Quality financial statements are key to the management of businesses and organizations in addition to banking, investor, and other similar relationships.

The following are the primary levels of service offered:

Audit - Highest level of assurance. Confirmation of certain account balances, reviews of accounting system controls, interviews with management team, selected transaction testing and analytical procedures characterize this level of service.

Review - Limited assurance. Included in this level of service are primarily interviews with the management team and analytical procedures.

Compilation - This level of service primarily includes preparing financial statements based on management information with no audit or review procedures being applied.

Preparation - This level of service is merely the basic preparation of financial statements with no accountant's report, assurance, or certification provided.

Effective estate and trust planning can ensure financial security for loved ones, achieve tax savings, and better ensure that goals are met both during one's lifetime and at death. For businesses, it can maintain a smooth succession of ownership. Hinkle, Richter & Rhine's role is to help navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize tax liabilities. Everyone should have a comprehensive plan as to how to distribute the assets left in one's estate so as to avoid complications and to be sure that individual and group goals are met and wishes followed. Having one's taxes and estate thoroughly and carefully planned will better ensure that loved ones have less complications to deal with at a time of loss.

Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for a federal or state tax audit, the professional representation we provide can help manage the entire process.

Accurate recordkeeping is essential to a successful business yet can also be complicated and time consuming. Hinkle, Richter & Rhine can help you with the organizational and day-to-day tasks of bookkeeping so that you can focus on your core business.

Hinkle, Richter & Rhine's payroll services can help you reduce the time spent on payroll administration through maintaining, developing, and/or implementing a payroll system that will facilitate processing, timely payment of taxes, and preparation of tax returns.

We also offer full service online Federal and multi-state payroll services.

Hinkle, Richter & Rhine's goal is to help you reach your financial goals through your working years and during retirement. We can guide you through the tough decision making processes such as asset allocation, investment performance monitoring, college education funding, cash flow, retirement plans, insurance, tax, estate, and business succession planning. We can assist with consultation, review, and modeling of your current and future financial situation to help you gain comfort and a vision of your financial condition and future and steps to take at each life stage. Whether you are developing an investment strategy or evaluating your current strategy, Hinkle, Richter & Rhine can help better ensure that your portfolio will take into account tax implications in concert with planning goals.

Hinkle, Richter & Rhine can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest. Uses for this service include estate planning and compliance, succession planning for a family business, buying and selling businesses, divorce matters, and family limited partnerships. Our business valuation services are primarily for tax related and other planning purposes including estate and gift tax returns, valuation of family limited partnership interests, and valuation planning matters. We apply our expertise and knowledge to deliver high quality business valuation reports and consulting.