Our Accounting Services

We provide a wide range of services to individuals and businesses in a variety of industries. At Munninghoff, Lange & Co., 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.

Tax Advisory

We provide planning and compliance for wide variety of entities including individual, C and S corporations, limited liability companies, partnerships, trusts and estates. Additionally we perform other tax returns that span entity types including payroll, sales and use taxes, personal property tax and may others.

Tax Planning – Full range of tax planning decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws.

Tax Compliance – Full range of tax compliance services to ensure that your returns are prepared efficiently, accurately and timely our systems evolve with technology to provide our clients the best result and the highest degree of reliability.

Entity Selection and Restructuring – Your business entity has a large impact on your taxes and other liabilities. From your company’s inception through its growth and development, Munninghoff, Lange & Co. can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

IRS Representation – Professional accounting services representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to assist in answering any and all questions the IRS may be asking of you.

Business Owner Planning

Munninghoff, Lange & Co. provides a wide variety of consulting services including:

Mergers, Acquisitions, and Sales – Business transactions and transitions are complicated affairs, and whether you’re buying, selling, or considering a potential merger, Munninghoff, Lange & Co. can provide professional know-how to help you successfully structure and negotiate the deal. Munninghoff, Lange & Co. employs careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right business decisions for your business for optimum success..

Estate and Trust Planning – Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Munninghoff, Lange & Co.’s role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well thought out plan as to how to disburse one’s estate so as to avoid complications and to be sure wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don’t have any complications to deal with during a time of loss.

Business Valuation – The range of needs for valuing businesses continues to widen, and Munninghoff, Lange & Co. can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest. Uses for this service include estate planning and compliance, buying and selling businesses, divorce matters, family limited partnerships and ESOPs. There are so many factors that contribute to the perceived value of a business. Our expert assistance can help you evaluate entities and guide you towards making business decisions with confidence.

Financial and Retirement Planning – Munninghoff, Lange & Co.’s goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. We can guide you through tough decision-making processes such as asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, and tax, estate, and business succession planning. Whether you are developing an investment strategy or evaluating current investments, Munninghoff, Lange & Co. can ensure that your portfolio will take into account tax implications for an advantageous after-tax return. The road to retirement is a long one and we can help you to take the proper steps to reach your goals.

Lender Representation and Negotiation – We have a tremendous amount of experience in dealing with lenders and their various requirements as well as a vast network of banking contacts that can help any business owner get the best rates and terms.  We also have a wide network of alternative financing options and access to investor capital is that is what you small business needs at a particular point in time.

Captive Insurance Company Formation and Management – With numerous longstanding captive insurance clients we have a depth of industry expertise that complements the unique needs of this complex industry. We staff each engagement with experienced personnel who provide the high level of timely service and insight the insurance industry demands.

  • Through our affiliation with Valley National Administrative Services, Inc., our firm can provide the setup and management of your captive insurance company.
  • Generally accepted accounting principles (GAAP) and statutory accounting principles experience
  • actuarial, legal and consulting services for the captive insurance industry
  • turnkey setup and maintenance
  • alternative risk planning and management

In providing these services, Valley National Administrative Services, Inc. performs feasibility studies, insurance policy development, business plans and regulatory filings. Its principals have insurance backgrounds from the, actuarial, legal and accounting professions. Members of our firm play a vital role in Valley National Administrative Services, Inc. and will develop a strong rapport with your company every step of the way.

Litigation Support and Forensic Accounting – Munninghoff, Lange & Co. litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, business valuations, business and marital dissolutions, and bankruptcies. These services can involve quantification of economic loss or damages, analysis of financial records, and fraud and theft investigation. Financial and personal records are often vast and confusing to sort through. With our professional training in this matter, we can make sense of these records and transactions and get to your bottom line.

Small Business Consulting & Accounting Services

From start-ups to established enterprises, businesses rely on accurate and insightful financial information and accounting services, in order to maintain profitability, determine problem areas and capitalize on new opportunities. Munninghoff, Lange & Co.’s accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, training and support, and data analysis. These services include but are not limited to:

Entity Selection and Restructuring – Your business entity has a large impact on your taxes and other liabilities. From your company’s inception through its growth and development, Munninghoff, Lange & Co. can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

Accounting Services Systems Setup and Maintenance – From the first day of a new business through its liquidation or sale, we can help business owners set up, maintain and properly use a quality accounting system that is appropriate for that business and industry.  We have multiple Quickbooks ProAdvisors and experts on staff.  We are also familiar with all of the other major Accounting software on the market as well.

Ongoing Accounting Services:  Whether its monthly, quarterly or annually, we assist small businesses to understand their financials resultes and most efficiently oeprate and maximize profits.  Services include:

  • General ledger and financial statement preparation
  • Bookkeeping (Monthly, quarterly, or annual)
  • Payroll processing
  • Cash flow budgeting and forecasting
  • Personal financial statements
  • Employee benefit and profit-sharing plans setup and maintenance

Lender Representation and Negotiation – We have a tremendous amount of experience in dealing with lenders and their various requirements as well as a vast network of banking contacts that can help any business owner get the best rates and terms.  We also have a wide network of alternative financing options and access to investor capital is that is what you small business needs at a particular point in time.

Assurance Services

We provide auditing, agreed upon procedures and reviews for a variety of industries and companies of various sizes and complexities.

Financial Statement Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions. As part of our audit planning, we will gain a thorough understanding of your business and its operations, which allows us to provide insight and recommendations for improving your business.

Financial Statement Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify many items requiring further analysis. We perform reviews to express limited assurance to the users that there are no material modifications that should be made to the financial statements in order for them to be in conformity with the applicable financial reporting framework.

Employee Benefit Plan Audits – Compliance with Department of Labor (DOL) and Employee Retirement Income Security Act (ERISA) requirements are quite complex, and to complicate matters, regulation changes frequently. You have a fiduciary responsibility to your plan that covers many areas including selecting a quality auditor. As independent benefit plan auditors, we focus on compliance. We don’t provide plan administration or human resource consulting. This gives fiduciaries peace of mind in knowing we’ll provide a high-quality audit with greater objectivity.

SOC 1, Type I and Type II Audits– Internal Control tests for ourside parties,  SOC Type I Audits look at whether controls are properly designed, in place and documented as of a certain point in time.  SOC 1, Type II audits look at whether controls are properly designed, in place and documented across a period of time. This is the report auditors believe provides the assurance needed over the outsourcer’s finances.

Agreed upon procedures we perform accounting services procedures on certain aspects of your business to ensure they are performing as designed.

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