FAQ’s

/FAQ’s
FAQ’s2017-12-12T13:22:30+00:00
Does DTB CPAs specialize in any specific industries?2017-12-12T13:10:32+00:00

Does DTB CPAs specialize in any specific industries?

Our CPA Firm in Kalispell consists of three Certified Public Accountant (CPAs) and two professional staff. DTB is passionate about building relationships, providing solutions to our clientele, and providing custom recommendations to each and every client.

We not only provide a broad range of services to our clients but we also are knowledgeable in a broad range of industries, some of which include: dentistry, physicians, construction contractors, real estate, business services, manufacturing, law firms, retailers, grocers, recreation, hotels, and restaurants. One of the major industries served by our practice are dentists.

We are also accredited to provide business valuation services by the American Institute of Certified Public Accountants (AICPA) and the National Association of Certified Valuators and Analysts (NACVA).

Please contact one of our CPA professionals at (406) 257-2522 to schedule an appointment to discuss how we can be of assistance to you.

Where is DTB CPAs located?2017-12-12T13:10:52+00:00

Where is DTB CPAs located?

DeShazer, Toren & Braden is a Kalispell CPA firm located at 22 Second Avenue West, Suite 2100.  Our CPA firm, located directly south from the Kalispell Center Mall, consists of three Certified Public Accountants, and two professional staff.  T

he three principals of the firm: Scott DeShazer, Derek Toren, and Ike Braden are all Certified Public Accountants and are native to the state Montana. Our firm has close to 50 years of professional experience to help you achieve your goals.

Our objective is to build relationships with each client and provide solutions to their tax, business valuation, and financial statement needs.

Please contact one of our CPA professionals at (406) 257-2522 to schedule an appointment to discuss how we can be of assistance to you.

What professional services are offered by DTB CPAs?2017-12-12T13:14:47+00:00

What professional services are offered by DTB CPAs?

DeShazer, Toren & Braden in provides services the following areas:

  • tax preparation and tax planning services (both individual and business),
  • estate and gift tax
  • IRS resolution
  • entity formation
  • business valuation
  • litigation support services
  • business restructuring
  • entity formation analysis
  • financial statement preparation (Reviews and Compilations)
  • consulting / advisory services
  • new business formation
  • QuickBooks set up and training
  • bookkeeping services
  • payroll services.
Our CPA firm focuses on helping clients grow their business, increase profits, and plan for the future.
 
Please contact one of our CPA professionals at (406) 257-2522 to schedule an appointment to discuss how we can be of assistance to you.
What qualifications and experience does the staff of DTB CPAs possess?2017-12-12T13:12:29+00:00

What qualifications and experience does the staff of DTB CPAs possess?

The three principals of our CPA firm: Scott DeShazer, Derek Toren, and Ike Braden are all licensed Certified Public Accountants in Montana.

Ike Braden, in addition to being a CPA, is also a certified fraud examiner (CFE) and is accredited to provide business valuations (ABV) by the American Institute of Certified Public Accountants.

Our firm has close to 50 years of professional experience to help you achieve your goals.

Please contact one of our CPA professionals at (406) 257-2522 to schedule an appointment to discuss how we can be of assistance to you.

Can DTB CPAs help me set up my books and provide bookkeeping and payroll services?2017-12-12T13:53:13+00:00

Can DTB CPAs help me set up my books and provide bookkeeping and payroll services?

DTB CPAs offers complete bookkeeping and payroll which covers an array of services to meet the needs of each individual client. We can assist you in all areas of your bookkeeping needs. A partial list of where we can help you are as follows:

  • bank reconciliations
  • accounts receivable
  • accounts payable
  • payroll processing
  • general ledger maintenance
  • financial statement preparation
  • recording and reconciling payroll transactions
  • revenue reconciling with bank deposits
  • training on how to set up and use QuickBooks and much more!

Processing payroll will usually include calculating paychecks, considering deductions that may include taxes, insurance premiums, retirement plan deductions, and other various scenarios to fit your individual needs. Processing payroll taxes typically includes preparation of monthly or bi-weekly withholding payments, quarterly payroll reporting requirements, and annual FUTA and W-2 reports. As tax laws and reporting requirements change, it can become confusing and frustrating for business owners to keep up to date with payroll requirements. Having a local Kalispell CPA firm that provides professional payroll services handling the process from the day-to-day projects, through the year end will alleviate much of the pressure on business owners, allowing them time to concentrate on running their operations.

Our CPA firm will help you manage your bookkeeping each step of the way. We assist clients in purchasing the correct software that fits their needs, creating charts of accounts for your industry type, setting up each account module accurately so that bookkeeping and payroll transactions flow into the correct income, expense, liability or asset accounts and report a correct snapshot of your company’s health on your financial statements. Our bookkeeping services and accounting projects are performed by highly qualified and friendly staff, excited to help your business succeed.

Please contact one of our CPA professionals at (406) 257-2522 to schedule an appointment to discuss how we can be of assistance to you.

Does DTB CPAs provide tax planning?2017-12-12T13:14:00+00:00

Does DTB CPAs provide tax planning?

Yes, DTB CPAs provides comprehensive tax planning for both businesses and individuals. Tax planning is highly dependent on the facts and circumstances of each client.

Please contact one of our CPA professionals at (406) 257-2522 to schedule an appointment to discuss how we can be of assistance to you.

Why does being accredited in business valuations matter?2017-12-12T13:24:42+00:00

Why does being accredited in business valuations matter?

To provide assurance that business valuation service providers are experienced, tested and certified, the AICPA has developed the Accredited in Business Valuation (ABV) Credential for CPAs. Those who earn the ABV Credential must:

  •  Be a member in good standing of the AICPA
  •  Hold a valid CPA certificate or license
  •  Demonstrate experience in business valuation
  •  Pass a rigorous business valuation exam
  •  Demonstrate a history of continuing education

To maintain the ABV Credential, a CPA must meet the requirements for recertification every three years. These include submitting evidence of continuing substantial involvement in the discipline and completing related Continuing Professional Education (CPE) courses. The ABV Credential certifies that you are working with a certified valuation professional – a CPA who brings added value to a valuation engagement. CPA/ABVs combine a sophisticated understanding of accounting, taxation, financial statement analysis and business operations in many different industries with proven competence in business valuation. Thanks to those core competencies, ABVs have an advantage when it comes to meeting clients’ valuation needs. When you need reliable, impartial advice, give yourself the advantage of working with a CPA/ABV and get valuation services you can bank on.

Please contact one of our CPA professionals at (406) 257-2522 to schedule an appointment to discuss how we can be of assistance to you.

I am starting a new business and need to know which type of entity is best?2017-12-12T13:07:15+00:00

I am starting a new business and need to know which type of entity is best?

The answer to this question is facts and circumstances dependent.   There are several different options to choose from when starting a new business and a thorough analysis can be performed to find the right entity for your business.  What’s right for one individual or business may not be right for the next.

Please contact one of our CPA professionals at (406) 257-2522 to schedule an appointment to discuss how we can be of assistance to you.

Why would I need to have my company’s financial statements Compiled or Reviewed by a CPA?2017-12-12T13:54:13+00:00

Why would I need to have my company’s financial statements Compiled or Reviewed by a CPA?

Compilation (No Assurance Provided):

SSARS No.19 (AR Section 60.05) defines a compilation as follows,

A compilation is a service, the objective of which is to assist management in presenting financial information in the form of financial statements without undertaking to obtain or provide any assurance that there are no material modifications that should be made to the financial statements in order for the statements to be in conformity with the applicable financial reporting framework. Although a compilation is not an assurance engagement, it is an attest engagement.

In summary, a compilation is the lowest form of financial statement assurance.

Review Engagement (Limited Assurance)

Concerning a Review engagement, SSARS No. 19 (AR Section 60.07) states,

A review is a service, the objective of which is to obtain limited assurance that there are no material modifications that should be made to the financial statements in order for the statements to be in conformity with the applicable financial reporting framework. In a review engagement, the accountant should accumulate review evidence to obtain a limited level of assurance. A review engagement is an assurance engagement as well as an attest engagement.

In summary, a review is the middle of the road in the financial statement world.  It provides more assurance than a compilation, but less than an audit.

Please contact one of our CPA professionals at (406) 257-2522 to schedule an appointment to discuss how we can be of assistance to you.

What is the difference between compiled and reviewed financial statements?2017-12-12T13:03:37+00:00

What is the difference between compiled and reviewed financial statements?

Compilation (No Assurance Provided):

SSARS No.19 (AR Section 60.05) defines a compilation as follows,

  • A compilation is a service, the objective of which is to assist management in presenting financial information in the form of financial statements without undertaking to obtain or provide any assurance that there are no material modifications that should be made to the financial statements in order for the statements to be in conformity with the applicable financial reporting framework. Although a compilation is not an assurance engagement, it is an attest engagement.

In summary, a compilation is the lowest form of financial statement assurance.

Review Engagement (Limited Assurance)

Concerning a Review engagement, SSARS No. 19 (AR Section 60.07) states,

  • A review is a service, the objective of which is to obtain limited assurance that there are no material modifications that should be made to the financial statements in order for the statements to be in conformity with the applicable financial reporting framework. In a review engagement, the accountant should accumulate review evidence to obtain a limited level of assurance. A review engagement is an assurance engagement as well as an attest engagement.

In summary, a review is the middle of the road in the financial statement world.  It provides more assurance than a compilation, but less than an audit.

Please contact one of our CPA professionals at (406) 257-2522 to schedule an appointment to discuss how we can be of assistance to you.