Ardito, Toscano, & McCollum Service List

Company

• Same Firm, New Name & Partner

  • After 33 years, and as one of the largest and most highly respected accounting firms in the Merrimack Valley, we have a new name and a new mission.

  • George J. Toscano, Sr. started his practice in 1954.

    I began my accounting practice in 1969. My uncle George, Sr. and I merged our practices into Toscano & Ardito in 1979.

  • Shortly thereafter his son George, Jr. and Roberta McCollum joined the firm and have been instrumental in helping to secure our growth and the reputation of our firm.

  • Throughout our history, "the customer first" philosophy has been the legacy George, Sr. left with us.

    We will be forever grateful to him for his wisdom and for continuing to be our guiding light.

  • Roberta has been an equity partner with us for some 15 years, and as many of you know, she prefers to focus on you, not on herself.

    George, Jr and I thought it was about time to recognize and celebrate her years of devotion, loyalty and contribution to our firm by formally adding Roberta's name to our brand.

  • While we have enjoyed 33 years of sharing our passion in business and serving the needs of our customers, we now have a new mission.

    we look to the future with renewed energy as we celebrate our new name and continue our journey together as a company. We see this as a unique opportunity to grow and we will continue to build on our good reputation which stands for all the good things we want our clients, staff and community friends to think of when they see our new logo and hear the name Ardito, Toscano & McCollum.

  • Thank you for your continued confidence in us and we look forward to working with you in the future.

    With deep sentiment we remain committed to serving your financial interests and successes.

  • Sincerely yours

    Lawrence J. Ardito, CPA, ABV, President

• About Ardito, Toscano & McCollum

  • For over 30 years Ardito, Toscano & McCollum, P.C. has been a leading full-service accounting firm with clients throughout Massachusetts, New Hampshire and the entire New England region.

    We specialize in providing expertise and resources in helping individuals and closely held companies achieve financial strength and profitability by providing the highest quality industry-specific assurance, accounting, tax and business consulting services. We take pride in knowing our clients and are committed to keeping them informed about their financial and tax matters. Our Partners and staff offer a breadth of business experience and expertise and take the time to understand each client's unique financial circumstances in order to help them reach their business goals and achieve personal financial security.

• Single Filers Taxable Income

  Source: IRS

  • 2012 taxable income 10%

    Up to

    $8700.00

  • 2012 taxable income 15%

    - $35,350.00

    $8701.00

  • 2012 taxable income 25%

    - $85,650.00

    $35351.00

  • 2012 taxable income 28%

    - $178,650.00

    $85651.00

  • 2012 taxable income 33%

    - $388,350.00

    $178651.00

  • 2012 taxable income 35%

    or more

    $388351.00

• Married Filing Jointly Taxable Income

  Source: IRS

  • 2012 taxable income 10%

    Up to

    $17400.00

  • 2012 taxable income 15%

    - $70,700.00

    $17401.00

  • 2012 taxable income 25%

    - $142,700.00

    $70701.00

  • 2012 taxable income 28%

    - $217,450.00

    $142701.00

  • 2012 taxable income 33%

    - $388,350.00

    $217451.00

  • 2012 taxable income 35%

    or more

    $388351.00

• Married Filing Separately

  Source: IRS

  • 2012 taxable income 10%

    Up to

    $8700.00

  • 2012 taxable income

    - $35,350.00

    $8701.00

  • 2012 taxable income 25%

    - $71,350.00

    $35351.00

  • 2012 taxable income 28%

    - $108,725.00

    $71351.00

  • 2012 taxable income 33%

    - $194,175.00

    $108726.00

  • 2012 taxable income 35%

    or more

    $194176.00

• Head Of Household

  Source: IRS

  • 2012 taxable income 10%

    Up to

    $12400.00

  • 2012 taxable income 15%

    - $47,350.00

    $12401.00

  • 2012 taxable income 25%

    - $122,300.00

    $47351.00

  • 2012 taxable income 28%

    - $198,050.00

    $122301.00

  • 2012 taxable income 33%

    - $388,350.00

    $198051.00

  • 2012 taxable income 35%

    or more

    $388351.00

Financial and Business Planning / Audit and Business Services

• Financial and Business Planning

  A Ardito, Toscano & McCollum professional is available to discuss your individual needs. Whether you are embarking on a new business venture or taking your company to a growth stage, our Business Kit has been developed to assist you with the many decisions which you will make. Information on the following topics are presented in this kit:

  • Choosing a legal entity for your business

  • Selecting a year-end

  • Business start-up checklists

  • Accounting and record-keeping overview

  • Credit and financing considerations

  • Insurance considerations/Options

  • Choosing a CPA

  • Preparing a business plan

  • Sample tax forms

• Business Planning

  A Ardito, Toscano & McCollum professional is available to discuss your individual needs. Summary of Service:

  • Choosing the right type of entity

  • Business valuations

  • Business succession planning

  • Risk management planning

  • Employee incentive programs

  • Tax planning

  • Debt restructurings

  • Cash management planning

  • Employee benefits consulting

  • Pension/retirement planning

• Personal Financial Planning

  A Ardito, Toscano & McCollum professional is available to discuss your individual needs. Summary of Service:

  • Income tax planning

  • Cash management and budgeting

  • Investment philosophy planning (Asset allocation)

  • Estate planning

  • Personal financial statements

  • Education and income splitting

  • Divorce planning

  • Retirement and financial independence planning

• Audit and Business Services

  • Ardito, Toscano & McCollum CPA

    is staffed by professional and experienced personnel thoroughly trained and well versed in all of the uniform standards established by the American Institute of Certified Public Accountants and governmental bodies governing the audit, review and compilation of financial statements.

  • Proper compliance with these uniform standards advances the credibility and reliance placed on financial statements by various users

  • We serve a diversified range of clients

    from young start-up companies to well-established mature companies in a wide range of economic activity: Construction, Tax exempt organizations, Manufacturers, Distributors, Service and professional organizations, Retail Businesses.

  • Our efforts are directed not only to measuring past performance

    but also translating our findings into recommendations to improve operations, internal controls, efficiency and future fiscal stability and profitability.

Management and Advisory Services / Succession Planning Services

• Management and Advisory Services

  Summary of Services:

  • Business plans

  • Inventory control

  • External controller

  • Buying and selling small businesses

  • Internal control studies

  • Business valuations

  • Loan/financing arangements

  • Feasibility studies

  • Bankruptcy

  • Buy or lease analysis

  • Compensation planning

  • Forecasts and projections

• Consulting, Accounting and Management Services

  In addition, you may choose to take advantage of Ardito, Toscano & McCollum, P.C.'s expertise on an a-la-carte basis, choosing any or all of the following services:

  • Accounts payable check-writing

  • Assistance with starting your business

  • Estate and retirement planning

  • Fee structure analysis

  • Financial planning services

  • IRS consulting and tax representation

  • Litigation support

  • Pension consulting

  • Personal financial planning

  • Planning and review of compensation policies and benefits

  • Practice management

  • Tax preparation and planning

  • Technology and systems consulting

  • Wealth management

• Growth Phase

  • Profit Enhancement

  • Sales Growth

  • Finance or Refinancing

  • Avoid Stagnation

• Mature Phase

  • Enhance Business sale Value

  • Diversify Assets

  • Taking Chips off the Table

  • Exit Planning

• Why Succession Planning is so Important

  The "handing over" or "succession" of a company should be viewed as a process, and the "succession plan" will serve as a road map for partners or heirs to continue in the event of the majority owners' death, disability or retirement. A business succession plan should be carefully strategized and well executed in order to be successful, particularly with family-run or closely-held companies. The plan should cover the following key issues: Who will run the business, How family members will be involved, How successors will be trained, How and when control will be transferred, How assets will be distributed.

  • For most entrepreneurs, planning for the continuity of their business enterprise is the ultimate management challenge

  • According to a recent survey of CPA's conducted by the Management Consulting Services Division of the AICPA

    over 58% of those surveyed nationwide responded that Succession Planning is the major concern of American Businesses today. Inadequate Succession planning was ranked as the biggest threat facing closely-held businesses.

  • For larger closely-held businesses with sales of $3 million or more

    additional threats identified were: Environmental regulations, Inadequate succession planning, Inability to respond quickly to market changes, Succession planning is a lifelong process...it enhances the value of the business.

  • Succession Planning and estate planning can never begin too soon

• 10 Steps in Succession Planning

  Family-run businesses. We work closely with our business clients and take the time to understand their unique goals and business needs. Our approach to succession planning incorporates a number of services, depending on the individual situation. Succession planning services typically include: Business Strategic Plans, Founders Personal Financial Plans, Business Valuations, Structuring and Negotiating Buy-Sell Agreements, Estate Planning.

  • Establish Family Participation Polic

  • Provide Excellent Work Experience - and No Succession Expectations

  • Commit to Family Business Continuity via Family Mission Statement

  • Design Leadership Development Plan

  • Have an Active Board of Directors Containing Experienced Non-Family Business Leaders, and Use Your Board

  • Clarify Business Strategic Plan

  • Fund Parents' Personal Financial Security

  • Identify Successor of Successor Selection Process

  • Empower Organizational Succession Transition Team

  • Complete Transfer of Ownership Control

Computer Consulting Services / Entrepreneurial Services

• Computer Consulting Services

  Summary of Service

  • Needs Analysis

    We can perform a review of your: Current accounting system, Business reporting needs, Accounting personal skills. Recommendations based on needs analysis will be made after review.

  • Software Installation & Support Services

    Software Installation & Support Services: QuickBooks and QuickBooks Pro, Peachtree Accounting for Windows, Macola.

  • Training

    We will provide whatever degree of training is needed to get your accounting staff up and running on your new accounting system.

• Entrepreneurial Services

  • If growth is your goal, Ardito, Toscano & McCollum, P.C. can help.

    We are dedicated to helping entrepreneurial growth companies succeed. Whether your firm is owner-managed or venture-backed we can help you get where you are going faster. Our professionals will advise you on financing, operating strategies, acquisitions, acquisitions and divestitures, and personal wealth building. In today's economic environment, it is important to be linked to a company with the commitment and capabilities of Ardito, Toscano & McCollum, P.C.. To find out exactly how our firm can assist you, please contact us.

  • Our team of professionals work closely with new business owners to set the course for a successful business.

    Our professionals recognize the challenges facing today's business owner and can advise on key decisions such as marketing, setting goals, and hiring personnel. Our entrepreneurial services include: Start-Up Support, Recommending the proper form for your business, Determine the accounting system to fit your business needs and minimize taxes, Develop business plans that will raise capital, Evaluate competitive market position, Recommend strategic approaches to generate cash flows resulting in the greatest profits, Reduce overhead expenses, Identify business process improvement areas.