Glenn M. Gelman & Associates


	Glenn M. Gelman & Associates provides a variety of high-quality services traditionally associated with the "Big Four" firms along with the personal attention that is the hallmark of local firms. The services provided by our professionals address the immediate and long-term business concerns and financial goals of our clients. The services we provide include: • Accounting • Auditing • Management, Business, and Entrepreneurial Consulting • Litigation Support • Personnel Recruitment • Computer Systems Design, Implementation, and On-site Training


	While other CPA firms might only be concerned with numbers and narrow accounting issues, at Glenn M. Gelman and Associates, we focus on providing your company with valuable and relevant suggestions. We do more than just providing a historical snapshot of your business. We offer a full and complete range of auditing services that can encompass necessary due diligence, technical research if required, investigation of internal controls, and varying levels of audit related services from compilations and reviews, to full audits whether financial, operational, or 401(k). Back to top


	• Income tax preparation (individual, partnership, fiduciary, corporation, non-profit organizations) • Business tax services (sales, payroll, property) • Tax research and transaction structuring • Corporate mergers, acquisitions, and reorganization planning • Representation in tax audits and other tax disputes • Assistance in buy/sell agreements • Analysis of asset purchase or lease decisions • Income tax planning and "what if" analysis • Estate and succession planning • Passive/active recharacterization planning • "C" and "S" corporations, partnership, FLP, and LLC services • Construction industry taxation • Real estate professionals • Like-kind exchange transactions • Tax planning through related entities • Audit representation • Professional service corporations and personal holding companies • Strategic planning for utilization of tax losses and credits • Multi-state taxation • Alternative business structures • Charitable giving • Benefit plans including qualified plans and employee stock ownership plans • We provide you with the analysis and information you need in times of business transition such as acquisitions, sales, mergers, growth, reorganization, and downsizing. • We work with you to design a comprehensive strategy for minimizing your tax burden and increasing your profits. • We help you weigh the options when structuring transactions. • We help you choose the type of business entity that offers the best tax benefits. • We help you balance the bonding and surety company demands for demonstrated profitability and liquidity against ownership concerns for minimizing tax liabilities. Back to top


	• Comprehensive hardware and software needs analysis • Development of procedures • Development of training manuals • Evaluation of existing systems • Integration of existing procedures with new systems • Hardware selection and acquisition • Hardware implementation • Local area networks (LAN) design and support • Systems training • Software implementation • Knowledge of numerous accounting software applications including Timberline, MasterBuilder, and QuickBooks • Comparative knowledge of different program features helps you find the optimal cost/benefit solution for your needs • Knowledge of internal controls and safeguards for computer systems • Disaster planning • We perform a comprehensive analysis of your internal accounting and computer systems. • We work with you strategically to design a system that fulfills both your current and future requirements. • We take into consideration all your constraints and concerns when recommending the system and software that will most effectively meet your needs. • We guide you in your decision-making process when considering alternatives. • We support you through the selection, implementation, and training process. • Our ongoing interaction with, and involvement in, the rapidly changing technology and computing industries allow us to help you improve your productivity in order to maintain a competitive advantage in the marketplace. Back to top


	• Expert witness testimony • Computation of damages • Strategy development • Arbitration consulting • Document discovery • Investigative auditing • Deposition assistance • Trial exhibit preparation • Forensic accounting • Rebuttal testimony • Business interruption; loss of earnings analysis • Reconstruction of accounting records • Breach of contract • Embezzlement and fraud • Partnership dissolution, profits distribution • Contract costs • Lost profits • Tax consequences of settlements • Construction claims • Divorce proceedings, marital dissolution, and spousal support awards • Damage computations • Malpractice cases • We work with you throughout the entire process to design, support, and implement a coherent, cohesive, and consistent set of strategic facts and arguments which address the necessary financial, tax, and accounting concerns impacting your case. • We support you in the request, analysis, and explanation of documents and supplemental information. • We calculate damages and monetary risks. • We provide you with articulate, effective, and professional representation. • We research supplemental information to support your case. • We will prepare the appropriate questions for you to ask deponents. • We analyze and verify opposition’s damages and liability claims. • We analyze tax consequences of settlement alternatives. Back to top


	• Bonding, surety assurance, and maximization • Financial statements (compiled, reviewed, or audited) • Budget preparation • Business plan preparation • Bookkeeping assistance • Extensive network of qualified referrals – attorneys as well as insurance, financial, and bank representatives • Litigation support • Break-even analysis • Assistance with buy/sell agreements and succession planning • Recruitment of accounting and construction-related personnel • Computer hardware and accounting software selection and acquisition • Internal control and operational reviews • Profitability studies • Financials designed to maximize bonding capacity • In-depth understanding of surety requirements • Well-developed relationships and established credibility with surety companies • Job costing analysis • Accounting for long-term contracts • Computerized accounting systems for the construction industry • Forward planning for financials and income taxes • Construction litigation claims • Price structuring for bids • Assistance in obtaining lines of credit and long-term financing • We make a special effort to help our clients plan for tax savings. • We bring a level of reliability to the financial statements that adds credibility to your financial operations. • We can partner with you in your comprehensive strategic planning process whereby Lease- Buy decisions, tax minimization, and healthy financial statement presentations are all carefully balanced. Back to top


	In addition to the services described above, we are also experienced in providing the following services to construction firms: • Benefit and incentive compensation plans • Merger and acquisition guidance • Assistance in resolving disputed claims, including expert witness testimony, and expert consulting in litigation cases • Assistance in recruiting financial staff and other management personnel • Assistance in wealth preservation and asset protection • Succession planning, including buy/sell agreements, ESOPs, and estate planning • Exclusive CICPAC LA and Orange County representative • CICPAC, the Construction Industry CPA/Consultants Association, is a nationwide network of CPA firms specifically selected for their experience in and commitment to serving the construction industry. Glenn M. Gelman & Associates is proud to be one of only 6 firms in all of California who are members of this prestigious organization. This affiliation demonstrates proven expertise and allows unparalleled access to a nationwide network of professional advisors to contractors. Back to top