We are dedicated to finding solutions so you can focus on what matters
DHA believes in helping businesses stay competitive
To be competitive in your industry, you need people who will advise your business decisions and view your mission as their own. We believe in journeying with you and providing key resources to help you succeed. No matter your business size, we’re here to help.
ACCOUNTING & ATTEST FUNTIONS:
Attest functions are often needed for any organization that must meet external reporting requirements or seeks bank financing.
What sets us apart is we want our clients to focus on what they do best, growing their business. We can assist our clients with the transition from paper to electronic formats and compare the client’s performance with industry data.
We help clients to avoid viewing their financial statement, or other end products, as a commodity.
BUSINESS CONSULTING
Our business consulting practice is all about getting to know the client. We use a team approach to develop relationships with employees in the client’s organization, including management and ownership. Detweiler Hershey is different because we combine financial knowledge, current technology and industry insight to meet our client’s needs. No matter the size of your business, we aim to find the best solutions and resources possible to help you succeed.
How we can help:
- Aid mergers and acquisitions
- Budgeting
- CFO services
- Day-to-day operations
- Develop strategies
- Establish resources
- Raise capital
- Set goals
- Succession planning
We understand our clients, which helps us do our job that much better.
COST SEGREGATION
Cost segregation services help clients who have recently purchased, outfitted or retrofitted commercial properties. This allows clients to take advantage of an accelerated depreciation schedule, helping them save taxes and improve their cash flow.
You may qualify if you:
- Own multiple unit apartment buildings or trailer parks
- Own a manufacturing plant with assembly line equipment
- Outfit a facility for lease
During a typical cost segregation study, the various components of a building are evaluated based on separate depreciation schedules instead of considering the entire building under a single schedule. Our difference begins with the engagement of an independent engineering firm whose expertise is cost segregation work. The third-party support provides the technical assessments which allows us to calculate any potential savings.
Let your property assets work harder for you
DETWEILER HERSHEY PAYROLL
Get payroll accurate, compliant and organized with Detweiler Hershey Payroll. We offer a variety of resources under our three branches of services: Advanced Human Resources, Payroll Processing and Time Tracking. With digitalized payroll and filing, accessing your information has never been easier.
Services we offer:
- Advanced Human Resources (AHR)
- Payroll Processing
- Time Tracking
Don’t let payroll get in the way of running your business.
Have questions about Detweiler Hershey Payroll? Visit the DHA Payroll website for more information about how we can help you.
FAMILY BUSINESS ADVISORY
Detweiler Hershey understands family businesses because it is part of our firm’s history. We have worked through family crises and difficult circumstances where money was not the core issue, but relationships were. Any business run by two or more family members can benefit from meeting with our advisors. We understand no family or business is the same, so we created this service to reflect that belief. The Family Business Advisory is unique for each family business we work with and their set of needs.
How we can help:
- Advisory services
- Consulting
- Family conflict mediation
- Leadership transitions
- Retirement planning
- Succession planning
- Tax planning
Family can be complicated; we are here to help.
R&D TAX CREDIT STUDIES
Research & Development (R&D) tax credits are available for taxpayers of all sizes who develop, design and improve their products, processes and techniques. Despite what many think, R&D is not just for large companies with extensive research labs. Taxpayers are amazed what they are doing in their day-to-day operations could qualify for the R&D tax credit.
If you are investing time, money and company resources into improving a component of your business, our team will help you evaluate if you qualify for the federal R&D tax credit.
We work with:
- Agriculturist
- Contractors
- Manufacturers
- Software developers
- and many others
Is what you are already doing earning you tax credits?
TAX PLANNING
At Detweiler Hershey, we realize tax planning is part of a much larger picture. Our work extends beyond the tax situations and liabilities found at the basic service level. Our team assists in interpreting current tax laws for our clients and aims to understand our clients, their goals and objectives.
Who we work with:
- Corporations
- Estates
- Gift tax returns
- High net worth individuals
- Limited liability corporations
- Partnerships
- Sole proprietors
- S-Corporations
VALUATIONS
Any privately held business that wants or needs to know the value of their company may benefit from our valuation practice. We access data from public and private holdings to determine the value of a client’s business.
We are accustomed to assessing a given marketplace for clients and determining the parameters and factors useful for a valuation. Our team can also conduct a reasonableness check to help determine whether cash flow would support the stated value.
Why you should know the worth of your business:
We understand the importance of knowing what you’re worth.
Services designed to grow with your business
We understand your business needs evolve as your company grows, technology progresses and times change.
Q&A
Clients should keep the following records for taxes:
- Income Records: All forms of income should be documented. This includes W-2 forms, 1099 forms, and any other income statements.
- Expense Records: Clients should keep track of any expenses including receipts, invoices, credit card statements, and cancelled checks. In particular, clients should retain documentation of expenses that are tax deductible such as mortgage interest, medical and dental expenses, educational expenses, and charitable donations.
- Investment Records: Statements of earnings or losses from stocks, bonds, mutual funds, and other investments.
- Property Records: Information related to real estate and other properties including purchase details, cost of improvements, rental income, etc.
- Previous Tax Returns: Clients should keep a copy of their filed tax returns for at least 3-7 years as recommended by the IRS.
- Business Records: If a client is running a business then they should also keep track of business-related expenses, income, invoices, asset purchases, and payroll information.
- Retirement Contribution Records: Documentation of contributions to retirement plans which may be tax-deductible or tax-deferred.
- Bank Statements: These may be useful for both income and expense verification.
- Gather Necessary Documents: Clients should collect all important tax documents such as W-2 forms, 1099s, and receipts for deductible expenses.
- Categorize Expenses: It’s important to classify all business expenses correctly and separate them from your personal expenses.
- Organize Financial Records: Keeping financial records up-to-date and organized will make the tax filing process smoother.
- Contribute to Retirement Accounts: If applicable, clients should make contributions to their retirement accounts which can reduce their taxable income.
The best way to reach us is to call our office at 215.723.8901 and speak with one of our representatives who will connect you with your accountant/advisor.
You will receive an invoice from us that breaks down charges by each service we completed for you or your business. If you have any questions regarding your payment, please call us at 215.723.8901.