A Full Service Accountancy Corporation
Donald McLean and Company, CPAs provides a wide range of services to individuals and businesses in a variety of industries. At Donald McLean and Company, CPAs, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Our professional services include:
Accounting and Auditing Services
Accounting Services
Many of our smaller business clients, who cannot cost-justify an internal accountant, utilize our support staff for the preparation of monthly or quarterly compilation statements. We also prepare payroll and payroll tax deposits and reports for those clients.
The preparation of interim compilation statements allows us to meet with the owners to review their operating revenues and expenses in search of improvement to "the bottom line."
This interim consultation and review of performance also allows us to consult with our clients as to their estimated tax obligations along with their opportunity to fund pension and profit sharing plans.
Many of our accounting clients are on a monthly retainer fee that encompasses all of their accounting and tax-planning and preparation. Under this arrangement their total cost is substantially less than the cost of a full-time staff accountant.
Audit Services
We approach the audit as a service for the benefit of shareholders. An audit is also intelligence to help you run your business better: a vehicle for continuous improvement. We provide the added value of experienced observations and advice.
At Donald McLean & Co. we meet with clients regularly. We demand audit excellence and set tough policies to achieve it. We hire talented people and invest heavily in training and tools, including systems to ensure consistency, objectivity and accountability, resulting in strict compliance with professional standards. We also rely on experience. Our senior people are extensively involved in the audit process and actively communicate with your company's leadership.
Our Audit Approach
We offer a tailored audit approach with a strong emphasis on early planning and how your business functions. This enables us to identify key audit components and tailor our procedures to the unique aspects of your business. The benefit to you is an effective, cost efficient, independent audit, performed in a timely manner by experienced professionals. Our approach involves:
Risk Assessment
Our risk assessment process provides:
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An assessment of inherent risks at the financial record and account balance levels
- An evaluation of your internal control structure and the subsequent assessment of your control risk
- An assessment of the effectiveness of your analytical procedures in controlling and detecting risk
Audit Planning
We will communicate closely and regularly with your audit committee, accounting staff, controller and CEO during the audit process. From preliminary audit planning and work, through delivery of reports and presentation of a comprehensive management letter, we strive to maintain open communications.
Audit Tools
We've developed tailored internal control review techniques and forms to use on our audits. We've also developed industry-specific audit programs that are tailored by your engagement team to address critical risks specific to your company. We use field audit software programs to simplify the routine aspects of audit work. When possible, we request and use electronic copies of your records, allowing us to perform fewer manual procedures and improving audit efficiency.
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Acquisitions/Dispositions of Businesses
Whether you’re in the process of buying or selling a business, Donald McLean & Co. may be able to save you substantial tax dollars. We can recommend legal and real estate specialists and analyze the tax and financial options of the transaction to help you structure a deal which minimizes the tax effect. We also have extensive expertise in assisting in the transfer of ownership of a company to family members, key employees, or outside investors.
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From our offices in Rancho Bernardo and Temecula, Donald McLean & Co. provides annual tax preparation services to over 1,500 individual and corporate clients. Our top priority is to assure that you pay the lowest possible taxes under the current tax code. Many clients also turn to us for tax planning assistance throughout the year. By evaluating your income, deductions, and estimated tax liability each quarter, we can help you avoid expensive surprises at tax filing time. In the unlikely event of a tax audit, Donald McLean & Co. will be available to represent you at a fee based on our standard hourly rates.
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As your accounting partner, Donald McLean & Co. can assist with a wide range of business challenges. Our staff will develop financial statements, help you complete loan applications, and cooperate with your banker to help secure financing. In addition, we can provide assistance in analyzing cash flow and make recommendations for reducing expenditures. Should you have a problem beyond our realm of expertise, chances are that one of our contacts in the lending, insurance, or legal fields can help you find the solution.
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Is your company’s computer equipment up-to-date? The right hardware and software can streamline numerous business and accounting tasks, fulfill your Internet and networking needs, and reduce operating expenses. Before your next computer-related investment, consult with our staff. We will be happy to advise you on a wide range of hardware and software issues, or demonstrate efficient accounting software.
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In the absence of careful planning and a Living Trust, a substantial potion of your estate could be consumed by taxes upon your death. The following famous people incurred substantial estate taxes in the settlement of their estates.
|
Gross Estate |
Net Estate |
Marilyn Monroe |
$819,176 |
$370,426 |
Elvis Presley |
$10,165,434 |
$2,790,799 |
John D. Rockefeller, Jr. |
$26,905,182 |
$9,780,194 |
Howard Gould |
$67,535,386 |
$14,985,704 |
To preserve the value of your estate, including your property, business, savings, stocks, and other holdings for your heirs, you owe it to yourself to consult with the knowledgeable professionals at Donald McLean & Co. In complete confidence, our staff, along with your attorney, can help you plan for the orderly transfer of wealth among your:
- Children and grandchildren
- Other relatives
- Designated charities
- Designated educational institutions
By participating in annual family gifting programs, you may be able to remove from your estate rapidly appreciating assets which pose the threat of increasing your estate tax. You may also be surprised by the substantial tax benefits of charitable gift annuities and unit trusts. At Donald McLean & Co., we offer a free, one-hour consultation during which our staff will explain the “ABCs” of Living Trusts and help you decide which type of plan best suits your needs.
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Do you have a loved one who is approaching a time in which it is difficult or impossible to competently manage day-to-day finances?
Elder fiscal care assistance is available at Donald McLean & Co. Our bonded, compassionate staff of accountants and administrative personnel will assist you and/or your family member with paying bills, reconciling bank accounts, and reviewing investment holdings to maintain optimum income within your acceptable risk levels.
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At Donald McLean & Co., our retirement planning services can help you and your employees get on track to a secure future. Our staff is qualified to assist you with establishing and monitoring defined benefit, defined contribution, and other retirement plans. Services include:
- Plan evaluation and selection
- Conferences with your company’s money managers
- Periodic reviews with plan participants
- Preparation of year-end reports for tax filing purposes
Recommendations on plan distribution options that minimize taxes and enhance lifetime cash flow.
