Rizzo & DiGiacco - Certified Public Accountants

Services

Financial Statement Engagements (Audits, Reviews and Compilations)
Employee Benefit Plan Audits
Income Taxes
Outsource CFO / Bookkeeping Services
Business Consulting
Grant Funding
#38-Q Advance NY

Financial Statement Engagements (Audits, Reviews and Compilations)

At Rizzo & DiGiacco, CPA’s, we individually tailor each audit, review, or compilation engagement to meet the specific needs of each of our clients. It is this approach that allows us to deliver more than just a financial statement and report at the conclusion of an engagement. In fact, we operate under the premise there is no conclusion to our attest engagements as we work with our clients throughout the year to implement sound business strategies. Through well-planned and properly conducted audits we are able to provide our clients with valuable recommendations to improve operational efficiencies and internal control weaknesses and to take advantage of business opportunities. We document these recommendations and advice in written reports provided to our clients with each set of financial statements. We pride ourselves on our ability to think “out of the box” to provide our clients with ideas that help maximize wealth. Our approach has made us a profit center for our clients.

Our professional audit and accounting services team complies with all industry guidelines and regulatory pronouncements, as well as auditing, attestation, compilation or review standards. Our audit experience spans a number of industries including:

Construction
Manufacturing and Distribution
Real Estate
Professional Services
Technology
Automotive

Employee Benefit Plan Audits

Performing an employee benefit plan audit requires a specialized team of professionals, not audit generalists. According to the Department of Labor, filing deficiencies, and their associated costly penalties, often result from audits that fail to test unique areas of an employer’s plan. Benefit plan auditors encounter issues related to the Employee Income Security Act of 1974 (ERISA), tax matters and typical audit concerns. Our professional staff, having conducted hundreds of employee benefit plan audits throughout their careers, tailors our audits and tests to your specific plan.

There is an enormous responsibility associated with being a fiduciary of an employee benefit plan. Our employee benefit plan audits are designed to provide our clients with peace of mind by ensuring their plans meet the numerous requirements of ERISA, IRS and DOL regulation. Our timely audits and recommendations allow our clients the ability to administer their benefit plans with confidence.

Income Taxes

Individual/Corporate
Tax Planning
Tax Preparation

Rizzo & DiGiacco, CPA’s approach to “full-service” tax assistance can best be described as innovative, sophisticated and creative. By focusing on developing tax strategies to help our clients reach their personal and financial goals, we go above and beyond simple tax preparation and compliance. Since tax planning is an on-going event, we encourage on-going communication with our clients throughout the year. This allows us to proactively develop tax saving strategies for our clients to minimize their tax obligations and retain the wealth they work so hard to accumulate.

Our tax strategies are creative, yet practical. All business and individuals face a continuously changing tax environment. It is essential to keep up with these changes to comply with tax laws and make informed decisions. At Rizzo & DiGiacco, CPA’s, we not only understand the latest tax developments, we realize how they affect you and the decisions you make.

As part of our “full-service” tax practice, we have the ability to work seamlessly with other professionals such as bankers, attorney, investment advisors and insurance representatives to insure decisions are made with you tax interests in mind.

Outsource CFO / Bookkeeping Services

Whether you are a small business in need of support or a larger business desiring to outsource your bookkeeping needs, Rizzo & DiGiacco, CPA’s understands how to tailor programs that fit your specific needs. For many clients, we assume the role of corporate controller and maintain an accounting system designed to track their company finances and key financial indicators. By outsourcing these duties, companies and small business owners can concentrate on doing what they do best, running and growing their businesses.

As a key part of this service, we meet with these clients on a weekly, monthly, or quarterly basis to discuss financial results, recommend ideas for improvement, develop a system to implement our recommendations and develop and monitor long-term strategies to achieve their financial goals.

Our clients who utilize this service benefit the most from working with our firm. Our approach of being proactive and thinking “out of the box” strives the more intimately we are involved with our clients’ operations.

Business Consulting

Our consulting division was specifically designed to provide value-added ideas to help our clients move their businesses forward. Our ideas generate wealth for our clients and more than pay for our fees. Whether you are starting a new business, selling your existing business or just looking to take your business to the next level, our team of qualified professionals can help you "move forward." Our consulting services include the following:

Assistance in obtaining bank financing/capital
Development of business plans
Preparation of strategic plans and financial projections
Merger and acquisition assistance
Accounting system remote access

At Rizzo & DiGiacco, CPA’s, we will help you develop the most effective means for securing capital for the start-up or expansion of your business. This may include accompanying you to a bank or lending institution or finding equity or private funding. We will assist you in identifying the most appropriate funding sources. In addition, we will assist you in the preparation of a funding proposal that will result in adequate funding for your business, including a business plan and financial projections.

Properly structuring the purchase or sale of a business is a critical step in the process of buying or selling a business. Our experienced advisors will help you determine the sale price, select the appropriate sales strategy, identify prospective buyers/sellers, negotiate the terms and structure of the transaction, and conduct the necessary due diligence to ensure that you make decisions that are in your best financial interest.

Our firm has the capability to review your financial information remotely and we utilize technology for the benefit of our clients. We can help you make decisions in a timely manner that will help increase your bottom line.

Grant Funding

When organizations are looking for "free" money to move to the next level, they call Rizzo & DiGiacco CPA's. Rizzo & DiGiacco CPA's are the leader in the Rochester area in helping organizations obtain grant funding. Our staff are aware of the latest grant funding opportunities and knowledgeable of the grant programs. We frequently conduct seminars on the training grant programs offered by New York State. In 2001, John Rizzo began assisting struggling businesses in obtaining low interest loans. John assisted companies that were directly impacted by the September 11th disaster obtain over $5.2 million in disaster loan funding from the Small Business Administration. His assistance played a critical role in the success of keeping these companies in business after 9/11. The owners of these businesses will attest to the fact that his hard work, dedication and efforts were an integral factor in the survival of their businesses. Give us a call to see what grant opportunities are available for your business today!

#38-Q Advance-NY

Rizzo & DiGiacco have provided technical assistance to several organizations that have received free money from previous New York State training grant programs. Highlights of the #38-Q ADVANCE-NY program are as follows:

$5 million in funding is available State wide
$50,000 in funding available per Applicant Company
$3,000 in funding available per trainee
Trainees must acquire occupational transferable skills
Applicant Company must have at least 4 employees
Training can be performed in-house or by outside training consultants
Costs are reimbursed on a monthly basis!!

If your organization is already spending money on training or you have a training wish list, New York State will pay for it!

For more information contact John Rizzo at 585-662-5046. The funds are generally disbursed quickly.

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