Individual and business income tax planning and preparation - We focus on planning to put the client in the most tax beneficial position at the end of the year.

Audits - Our experience makes the audit process pleasant and affordable. Our staff is only made up of experienced auditors. No entry-level accountants who don’t understand your business.

Compilations and Reviews - Our experience makes the process simple. We work within hundreds of industries so we understand the questions that need to be asked and can help you find the answers.

QuickBooks setup, consulting, and maintenance - Nobody knows it better. You’ll be amazed how quickly and inexpensively we can provide solutions to your tough problems. We make QuickBooks work for you so you don’t have to change your business for QuickBooks.

Business consulting - We take an educational approach. We know that you know the most about your business. We teach you what the numbers mean and how to make them better. We first develop a realistic financial model then help you make the changes necessary to work within this profitable model.

Bookkeeping - We take the pain out of the grueling task of keeping your books in order, so you can focus on the operations of your business. We service your bookkeeping needs, whether it be setting up your financial records, handling your accounts payables and receivables, monthly bank reconciliations, or interim financial statements. It is our objective to provide you with an accurate picture of your financial health to make better business decisions.

OUR AUDIT APPROACH

Our approach is simple…invest a substantial amount of time getting to know you, your needs and your wants. T hen we learn about your business, not simply relying on our knowledge of the business that you are in. We want to know how you do what you do. After that initial phase is complete, we then break down the auditing process into three simple parts, the Planning Phase, Fieldwork Phases, and R eporting Phase.

Planning

During this phase, we will be able to get a good grasp of your organization’s structure, environment, operations and the overall accounting and internal controls system. An assessment of policies and accounting contributions, including donated materials and services, will also be conducted at this time. From this review, we hope to:

• Analyze financial reports
• Briefly interview your accounting staff
• Understand internal controls
• Evaluate auditing procedures tailored to each specific instance
• Identify issues or areas of special concern to be addressed from the client
• Information gathered during the first visit will generate the requested list of items needed from you and your staff for the fieldwork visit. This list will be provided shortly after our initial planning visit.

Fieldwork

At our second visit, we will perform the traditional audit fieldwork. This process will concentrate on transaction testing. D uring this phase, the auditor determines whether the controls identified during the preliminary review are operating properly and in the manner described by the client. I t is throughout this phase that we hope to:

• Gather and summarize audit findings, conclusions and recommendations
• Test the major internal controls and the accuracy and propriety of the transactions
• Discuss any significant findings with client
• Receive insight and cooperation from the client to determine best method for resolving the findings
• Generate memos/emails to ensure full understanding by the client and the auditor

Reporting

When the audit is in the final phase, the team will draft our report. Here, we express our opinions present the audit findings and discuss recommendations for improvements. At this point, the client will have an opportunity to respond to the audit findings prior to issuance of the final report.

 As a member of the AICPA, Metro Metro and Associates is a participant in the Peer Review Program. The AICPA Peer Review Program is used to inspect and review our accounting and auditing practices every three years, ensuring we are in compliance with the Quality Control Standards. The findings are available publicly, and we are proud to disclose our report to our clients each and every time, assuring them they have chosen the best firm available.

OUR FIRM MEMBERSHIPS

• AICPA’s Employee Benefit Plan Audit Quality Center
• AICPA Peer Review
• MD Association of Nonprofit Organizations
• Greater Silver Spring Chamber of Commerce
• Olney Chamber of Commerce