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Bruce & Company P.S.C. 155 North Main Street, Madisonville, Kentucky 42431

Phone: (270) 821-0170  |  Fax: (270) 825-8474

© 2023 by Bruce & Company P.S.C.  |  Privacy Statement | Proudly created by VE Websites.

OUR SERVICES

 

TAX COMPLIANCE

& CONSULTING

Over the course of the last several years, the federal, state, and local tax systems have become increasingly complex. Bruce & Company, P.S.C. strives to bring clarity to the tax system and ultimately save you money and time. Our trained team can provide tax consulting in all areas including individual, estate, and business.

 

Common Tax Consulting Areas

  • Preparation of individual income tax returns

  • Preparation of corporate, subchapter S corporation, partnership, and limited liability company returns

  • Preparation of fiduciary returns

  • Planning of asset acquisitions and dispositions

  • Sales, liquidations, and other dispositions of business assets

  • Formations and acquisitions of businesses

  • Estate planning and other tax investment planning

 

For more information on our tax consulting, please contact us.

 

AUDITING &

ASSURANCE

SERVICES

Bruce & Company, P.S.C. can provide your business with the quality auditing and assurance services you demand. Our trained and quality team can help you determine which type of assurance is most beneficial to your business. For more information on our auditing and assurance services, please contact us.

 

COMPUTER

CONSULTING

Implementing a new accounting software or package can be very tedious. At Bruce & Company, P.S.C. we strive to alleviate this tedious function. Our firm can provide support for currently implemented accounting systems and provide continuous support for accounting systems that have been implemented by our team. Our goal is to help you implement an accounting system that will enable you to:
 

  • Save time and money

  • Manage your financial data

  • Focus your attention to other needs in your business

For more information on our computer consulting, system designs, and software evaluation services, please contact us.

 

EMPLOYEE BENEFIT AUDITS

The current economic environment has increased the need for audits; especially audits of employee benefit plans in order to increase the assurance in the benefits provided by the employer. Bruce & Company, P.S.C.'s goal is to provide the assurance to both employees and employers that their needs are being met. As a member of the American Institute of Certified Public Accountants’ Employee Benefit Audit Quality Center, our firm strives to exercise the upmost care and due diligence to the beneficiaries of our audit reports.

 

Recent actions by the United States Department of Labor have increased the array of employee benefit plans to be audited with the inclusion of certain 403(b) plans. Does your benefit plan require an audit? Our trained and professional team can help you evaluate this decision. For more information on employee benefit audits, please contact us.

 

EMPLOYEE BENEFIT CONSULTATION

There are numerous employee benefit options available to both employees and employers. Our job is to help you evaluate which plan can provide your business, your employees, and yourself with the most tax advantageous growth. Choosing between a traditional 401(k) and a Roth 401(k) can be tedious. Determining whether to open a Simplified Employee Pension or to open a single member 401(k) plan can be difficult as well. Let the professionals at Bruce & Company, P.S.C. help you determine which plan will help you reach your financial goals.

 

Our trained and quality team can help you determine which employee benefit options can provide you with the best path toward financial security. For more information on our employee benefits consulting, please contact us.

 

PAYROLL 
PROCESSING

Payroll processing can be tedious and time consuming to companies of all sizes. The team of Bruce & Company, P.S.C. can provide your business with a full range of payroll services in order to allow you to focus on your business.

Payroll Processing Services

  • Payroll check printing

  • Electronic deposit

  • Payroll tax returns

  • Timely withholding remittance

  • Other reporting and compliance

 

Bruce & Company, P.S.C. is willing to adapt our services to meet your needs. For more information on our payroll services, please contact us.

 

PERSONAL FINANCIAL 

PLANNING

There is a wide array of investment options available to individuals and businesses. Bruce & Company, P.S.C. can help you determine which investment option can potentially provide you with the highest rate of return while considering variables such as the time value of money and various tax consequences. With all of the uncertainty that exists and the numerous options available, our goal is to provide you with a clear financial plan.

 

Common Financial Planning Services

  • Conversion of traditional IRA to Roth IRA

  • Roth 401(k) verses traditional 401(k)

  • College Planning

  • Retirement Planning

  • Estate Planning

 

Our team can provide both individuals and businesses with the tools and knowledge to meet your financial goals. For more information on our financial planning services, please contact us.

 

QUICKBOOKS 
CONSULTING

QuickBooks has been one of the most widely used accounting softwares by both small and medium sized businesses. Bruce & Company, P.S.C. can provide your business with practical guidance of methods that can be used to save your business time and money. Our trained and professional team can assist you in the setup and maintenance of your accounting system. Understanding your accounting system enables your business to:

 

  • Save time and money

  • Accurately manage your financial data

  • Devote your attention to the needs of your business

For more information on our QuickBooks consulting, please contact us.

 

STRATEGIC 

PLANNING

At Bruce & Company, P.S.C. our goal is to properly analyze your business to determine a fair value that will provide you with a competitive advantage and bargaining power. Our team will work with you to determine what areas of your business provide you with the most value and can help you take advantage of the opportunities available.

Common Areas of Practice

  • Planning for business acquisitions

  • Planning for sale of business assets

  • Planning for valuing business segments

 

For more information on our strategic planning valuation and acquisition services, please contact us.

 

ACCOUNTING 

SERVICES

Our accounting services enable you to focus your attention and skills on your business and away from tedious and routine accounting functions.  Our skilled personnel can assist you in effectively and efficiently preparing financial data that will guide your business decisions.   

 

Various Accounting Services

  • Payroll tax returns

  • Maintaining general ledgers

  • Fixed asset and depreciation records

  • Financial statement preparation

  • Preparation of adjusting and closing journal entries

  • Quickbooks and accounting software consulting

For more information on our accounting services, please contact us.