CPA Philly is here to help individuals and business owners with all of your tax related and financial questions. In the midst of the Coronavirus, nothing is more important than the health and safety of you and your families. Our experienced team is available 24/7 to offer up-to-date guidance and expertise with Tax Compliance, Accounting & Auditing, Financial Management and Personal Financial Planning. Keep in mind, the new tax deadline is July 15th, 2020.
Please reach out to us and let us know how we can help.
McGovern & Associates, P.C. is located in the lively, eclectic Manayunk section of Philadelphia. The firm continues to be an active participant in the revitalization and rebuilding of Manayunk.
We strive to provide high quality accounting services in a personal and professional manner. We respect and challenge each employee to achieve personal growth and to work as partners to each other and our clients. We are active team members of the communities where we do business.
Peer review has been the cornerstone of the accounting profession’s self-regulatory program since 1977. Designed to assure the public that CPAs practice in firms that provide services of the highest quality, peer review is a periodic outside review of a firm’s quality control system in accounting and auditing. It is also known as a practice monitoring program.
Peer review is a statutory requirement for Pennsylvania firms, and it is also a condition of membership in the American Institute of Certified Public Accountants (AICPA). Most firms are required to have a peer review once every three years.
John E. McGovern & Associates, P.C. has successfully completed all four of its peer reviews since its inception and is a proud member of both the American and Pennsylvania Institutes of Certified Public Accountants.
Professionally Prepared Personal and Business income, payroll, sales, retirement plans, and estate tax returns for federal, state, and local taxing authorities. Tax planning strategies for corporations, partnerships, and individuals. Proven tax strategies for mergers and acquisitions, corporation formations, and liquidations. Experienced representation for IRS audits, State, City of Philadelphia and other taxing authorities. We also prepare estate and trust returns.
We are creative, but conservative, in our tax planning techniques.
Audited, Reviewed, and Complied Financial Statements that meet the standards of your lending institution and provide your management with the financial information that is needed to make prudent business decisions. Field work includes preparing working papers and support schedules, bank reconciliations, and fixed asset schedules. Reconciliation of subsidiary journals such as accounts receivable, accounts payable, inventory, and fixed assets.
Our professionals take time to pay attention to all of the details that are critical to avoiding problems and optimizing opportunities. Our auditory motto is "trust but verify."
Preparation of business plans and valuations, financing requests, mergers and acquisitions, budgets, special purpose reports, projected financial statements, and internal control audits. Troubled business assessment and strategies for restructuring. Evaluation and formation plans for new and emerging businesses and growth ventures. Review of proposed and existing business agreements for maximum tax savings opportunities. Evaluation of major capital investments and loan alternatives.
We are grass root accountants and we know what it takes to build wealth.
Development or review of plans for tax, retirement, educational funding, investments, insurance, and estate planning. Preparation of personal financial statements. Evaluation of potential investments. Special expertise in real estate including acquisitions, taxation, valuations, and refinances. Our background includes Reviewing Investment Portfolios. We also analyze proposed investments such as tax shelters.
We understand and prioritize your financial goals, then we craft individualized strategies to help you realize your objectives.
We install, customize, and maintain automated bookkeeping systems. We can input your information into our computers, or we can work with your existing system. We are experts of QuickBooks, Peachtree and other packages. We are expert users of the internet, Email and other technologies. Our experts and technology assure timely, accurate financial reports so business owners have the information they need for decision-making.
We eliminate computer and bookkeeping frustrations.
McGovern & Associates, P.C. has a network of associates who include bankers, attorneys, local politians, investment advisors, insurance agents, real estate contacts, and other experts.
We can introduce you to our trusted business specialists as well as peers in your industry.
Cell Phone and Prepaid Phone Card Operators, Consultants, Government Contractors, Networking, Software Developers, Software Integrators, Web Designers.
Health law, Immigration Law, Real Estate Law, Business Tax Law, and General Law.
Bankers, Hedge Fund Managers, Insurance Agents, Investment Managers, Mortgage Brokers, Stockbrokers.
Architects, Appraisers, Condominium and Apartment Associations, Developers, Investment Properties, Laundromats, Office Buildings, Real Estate Agents, Real Estate Leases to Owners, Businesses, Real Estate Professionals as defined by IRS.
Restaurants, Diners, Catering Halls, Pizzerias, Country Clubs, Athletes, Actors and Entertainers. For Eating and Dining establishments prepare necessary forms including sales tax, use and occupancy, payroll, tip reporting and liquor taxes.
401K Plans, Simple IRAs, Profit Sharing Dividend Benefits. McGovern & Associates prepares 5500 forms and is qualified to be a third party administrator.
McGovern & Associates, P.C. specializes in the Philadelphia market’s leading industry: healthcare. Our clients include specialists in Cardiology, Dentistry, Family Practice, General Surgery, Imaging, Internal Medicine, Laboratory, Nursing Registry, Orthopedics, Optical, Optometry, Ophthalmology, Orthodontics, OB/GYN, Oral Surgery, Plastic Surgery, Podiatry, Psychiatry, Psychology, Physicians Assistants, Pharmacy, Radiology, and Urology.
Associations, Art Centers, Chamber of Commerce, Community Development Corporations, and Schools. We prepare Federal 990 and 1023 tax forms, state registration, payroll unrelated business tax forms. We assist in the formation and obtaining non profit status. We are available to issue audited, review and compiled financial statements including A-133 yellow book audits. We participate and have passed all Pennsylvania Institute of Certified Public Accountants Peer Reviews.
Flite School, Fueling, Leasing Companies, Private Aircraft Operation, Trucking, Tug & Barge Operator.
McGovern & Associates, P.C. prepares individual tax returns, personal financial plans, banking finance requests, college savings plans, retirement plans, tax plans, real estate acquisitions and business formations for many executive professionals throughout the region, across the United States, and around the world. All individual returns are signed by a C.P.A. who also earned a Masters in Taxation. Our approach is to work as a client advocate and be respectful of I.R.S. positions. Our typical individual clients are either on track to have a net worth of $1 million or have already surpassed that milestone and are working to become millionaires several times over.
Retail, Wholesale and Manufacturing Concerns.
We also provide services for Non-Residents, Aliens, Resident Aliens, International Students and Diplomats that need to do their Income Taxes in the United States. We have a multitude of services for Domestic and Foreign Corporations that would like to open businesses in the United States; register them with the Federal, State and Local Tax Departments, prepare their initial corporate packages, provide payroll and all relevant tax services.
To our friends and businesses that are virtually all affected by the Coronavirus, we are compiling up-to-date and Coronavirus-specific lists of resources to help you navigate this unique and difficult time. The rules are changing quickly and these articles are specifically oriented to the dynamic situation. Federal help is expected soon, also.
Click on the link below to visit the appropriate website where you will find necessary forms.Client login
Maximize your deductions with a check sheet that summaraizes your deduction categories.
The link below is provided for your convenience, and it will take you off of our site. We are not responsible for your experience.Check the prime rate
Check status of electronically filed return