Services

McGilloway, Ray, Brown & Kaufman, Accountants & Consultants has been a leading provider of audit and assurance to the Central Coast and its surrounding areas for over fifty years. We take pleasure in giving our clients the assurance that the personal assistance they receive comes from years of advanced training, technical expertise, and financial acumen.

Our practice’s industry specializations include governmental, not-for-profit, and privately-held businesses. Our clients range from small organizations to organizations with over $275 million in assets. The Firm is a member of the American Institute of Certified Public Accountants (AICPA) Division of CPA Firms. Additionally, we are proud to belong to the AICPA Private Companies Practice Section and the AICPA Governmental Audit Quality Center. Membership is voluntary and is dedicated to improving the quality of audits through a combination of training, internal quality procedures, and peer reviews.

Our unique approach to auditing is the close involvement of the audit partner and high level professionals through every phase of the auditing process.

Our assurance services include:

• Financial Statement Audits
• Audits under Government Auditing Standards
• Single Audits
• Grant Compliance Audits
• Agreed Upon Procedure
• Reviews and Compilations

McGilloway, Ray, Brown & Kaufman's financial statement services comprise all three levels of assurance depending on your company's needs.

Audits

Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions. We perform audits for you to remove errors, ascertaining the validity and reliability of your information.

Reviews

Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.

Compilations

Compilations are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.

Governmental Services

McGilloway, Ray, Brown & Kaufman is at the forefront of issues impacting local governments in California and we look forward to sharing this knowledge with our clients. We are active members in the Government Finance Officers Association (GFOA), the Association of Government Accountants (AGA), California Society of Municipal Finance Offices (CSMFO) and we collaborate with CalCPA’s Education Foundation and local chapter meetings to share our knowledge with the local governments. Our audit partner chairs the local CalCPA Committee on Governmental Accounting and Auditing and holds a seat on the CalCPA State Committee on Governmental Accounting and Auditing.

Government Clients Served

• Cities and Municipalities
• Local Authorities
  Water
  • Sewer
  • Joint Powers
  • Parking
  • Cemetery
• Community Service
• Parks & Recreation
• HUD Agencies
• Housing Authorities
• Insurance Risk Pools

Nonprofit Services

At McGilloway, Ray, Brown & Kaufman we have been assisting nonprofits for over 50 years and pride ourselves in providing experienced professionals to assist in accounting, auditing, tax, financial and management consulting services.

We are on the forefront of issues impacting not-for-profit organizations, and we collaborate with CalCPA Education Foundation and local chapter meetings to share our knowledge with the local not-for-profit communities. We provide trainings on exempt organizations 990 requirements and strive to make sure your Form 990 the best representation of your organization. We also provide you with best-practice and procedures and advise you about ways to improve your ratings on sites like Charity Navigator and GuideStar.

Nonprofit Clients Served

• Community and Environmental Conservation
• Animal Shelters
• Hospital Foundations
• Social Service Agencies
• Social Clubs
• Chamber of Commerce/Business Leagues
• Professional Associations
• Cultural Arts
• Museums
• Private Foundations
• Private Operating Foundations
• Private Universities
• Private and Charter Schools

Tax Preparation

McGilloway, Ray, Brown & Kaufman is equipped to prepare all tax returns rapidly and with ease. Our staff is highly trained in the frequently changing tax laws and regulations, giving you the peace of mind that comes from knowing that we will provide accurate returns which minimize your tax liabilities. We regularly prepare income tax returns for all types of filers:

• Individuals
• Partnerships
• Corporations
• Estates and Trusts
• Exempt Organization Information Returns

Tax Management Services

At McGilloway, Ray, Brown & Kaufman, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to meet or exceed your financial goals. Our expertise, experience, analysis, and thorough research allow us to optimize financial opportunities to be found in existing and recently altered tax laws. Our staff is up to date on the tax laws and can make sense of your receipts, bills and notices.

Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. McGilloway, Ray, Brown & Kaufman'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 distribute the assets left in one's estate so as to avoid complications and to be sure that the individual’s wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don't have financial complications to deal with during a time of loss.

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. McGilloway, Ray, Brown & Kaufman's accounting services steer you closer to these goals with accurate record-keeping and reporting.

These services include but are not limited to:

• General ledger and financial statement preparation
• Bookkeeping (Monthly, quarterly, or annual)
• Tax planning and return preparation

When you want to take a look at your bottom line, but aren’t sure how to make sure that your expenses are in line with your revenues, McGilloway, Ray, Brown & Kaufman is ready to get your books in top shape. Perhaps you want to see a snapshot of where your business stands or capture your performance over time, but you don’t need the assurance provided by an audit – this information is just for you and your managers. We have the accounting acumen to turn your bookkeeping records into understandable financial statements that allow you to understand how your organization is doing so you can make sound decisions for the future.

Accurate record-keeping is essential to a successful business, yet can also be complicated and time consuming. McGilloway, Ray, Brown & Kaufman can help you with the organization and day-to-day tasks of bookkeeping, such as entering transactions, writing checks, and reconciling bank statements, so that you can focus on your core business.

QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, set up and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.

McGilloway, Ray, Brown & Kaufman offers the following solutions to help meet your QuickBooks needs:

Personal Training

We train you personally! Either one-on-one or several individuals within your organization at your company's location.

Installation

We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.

Setup

We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.

Support

Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.

Review

Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.

McGilloway, Ray, Brown & Kaufman (MRBK) is a full service CPA firm that provides peer review services for other CPA firms in California. MRBK provides both system and engagement reviews as well as monitoring and pre-issuance engagement reviews. With over 25 years in experience in accounting and auditing, our expertise allows us to provide other firms with efficient and cost effective peer reviews that enhance your firm’s quality control and overall accounting practice and success.

Peer Review Team Qualifications:

• Experience as member of Report Acceptance Body (RAB) for the California Society of CPAs
• Member of AICPA Governmental Audit Quality Center
• Single Audit Certified