Accounting Services

Our firm has developed an efficient and effective approach to meeting all of our governmental clients’ needs by staying updated on all governmental issues, like accounting and financial reporting standards issued by the Governmental Accounting Standards Board (GASB).

With our extensive experience in performing audits and providing other specialized services for governmental organizations, we have acquired a broad understanding of governmental operations. Our firm has developed a specialized group to service governmental organizations and have experience in all auditing and reporting phases, including preparing financial statements and management letters. Our clients include municipalities, school districts, transit districts, and state agencies.

We have staff members of the Government Finance Officers Association (GFOA), a professional association of state/provincial and local finance officers in the United States and Canada. This organization has served the public finance profession since 1906. We also have professionals who are members of the Government Finance Officers Association of CT and the Connecticut Conference of Municipalities. Trust us to deliver exceptional services for the following governmental needs:

• Auditing, Review, and Compilation Accounting Services
• Grant Compliance in Accordance with the Federal and State Single Audit Acts
• Assistance in Preparing Basic Financial Statements 
• Comprehensive Annual Financial Reports
• Assistance in Applying for the GFOA Certificate of Achievement for Excellence in Financial Reporting
• Internal Control Systems Evaluations
• Information Technology Advisory Services

Compliance with federal and state reporting obligations, income tax laws, and government grant regulations is crucial for not-for-profit organizations.

Our comprehensive proficiency in working with these organizations has equipped us with the knowledge to assist our clients. Our services cater to various not-for-profit entities, including charitable organizations, private foundations, trade associations, schools, and colleges.

We support trade associations serving not-for-profit organizations and strive to provide our clients with up-to-date information, which is communicated through our quarterly newsletter, Nonprofit Observer. We deliver the following services to meet the unique needs of not-for-profit organizations:

• Audit, Review, and Compilation Accounting Services
• Grant Compliance in Accordance with the Federal and State Single Audit Acts
• Assistance in Preparing Financial Statements
• Tax Return Preparation, including Forms 990, 990-T, 990-PF, or Exemption Applications
• Unrelated Business Income Tax (UBIT) Issues
• Internal Control Systems Evaluations
• Information Technology Advisory Services
• Accounting Manual Assistance/Preparation

We understand that schools and colleges encounter numerous challenges in their daily operations. Compliance with strict federal and state reporting requirements, income tax laws, and government grant regulations is paramount. 

We have established a specialized group within our firm dedicated to serving educational institutions to cater to their specific needs. Professionals in this department possess vast expertise  in all auditing and reporting phases, including preparing financial statements and management letters. Our clientele includes various institutions, from independent elementary and secondary schools to private colleges.

Seward and Monde makes it a priority to stay informed about current developments in various ways. We subscribe to a multitude of publications and regularly attend seminars and conferences. On top of that, we actively engage with trade associations that cater to schools and colleges, such as the National and Connecticut Associations of Independent Schools and the National Association of College and University Business Officers.

We work hard to provide our school and college clients with up-to-date information, which is communicated through our quarterly newsletter, Nonprofit Observer. You can trust us to deliver the following specialized services for educational institutions:

• Auditing, Review, and Compilation Accounting Services
• Grant Compliance in Accordance with the Federal and State Single Audit Acts
• CHEFA and MDFA Bond Offering Review and Compliance
• Tax Return Preparation, including Forms 5500, 990, 990-T, 990-PF, or Exemption Applications
• Unrelated Business Income Tax (UBIT) Issues
• Internal Control Systems Evaluations
• Information Technology Advisory Services
• Accounting Manual Assistance/Preparation
• Departmental Reviews

We provide clear, comprehensive reports for both ERISA Section 103(a)(3)(C) audits and full-scope audits, helping plan administrators meet their fiduciary responsibilities and protect the interests of plan participants. Our reliable audit services are designed to ensure your employee benefit plan remains compliant and well-managed. We are a member of the American Institute of Certified Public Accountants (AICPA) Employee Benefit Plan Audit Quality Center (EBPAQC).

ERISA Section 103(a)(3)(C) Audits

Previously referred to as limited-scope audits, ERISA Section 103(a)(3)(C) audits allow plan management to exclude certain certified investment information from the audit process. We adhere to the latest standards, delivering transparency and clarity while meeting the specific requirements of these audits. Our approach includes rigorous procedures to evaluate certified investment information, culminating in a thorough report that addresses all applicable compliance and reporting needs.

We specialize in tax return preparation services for employee benefit plans, including the accurate and timely preparation of Form 5500. Our experienced team ensures all filings comply with the Department of Labor’s ERISA guidelines and IRS regulations. With a deep understanding of the tax and reporting requirements for employee benefit plans, we help safeguard your plan’s compliance and financial integrity, providing peace of mind for both administrators and participants. 

As auto dealerships operate in a highly competitive environment, they face unique challenges that set them apart from other industries. Our  staff has developed a deep understanding of dealership accounting over the years, giving us the expertise to provide tailored solutions designed to help your business succeed. Let us help you navigate the automotive industry landscape to achieve your business goals.

Our dealership clients span across the State of Connecticut and we can deliver the following unique dealership services based upon our experience:

• Audit, Review, and Compilation Accounting Services
• Tax Planning, Consulting, and Preparation of all Federal and State Income Tax Returns
• IRS Audit Support
• LIFO (Last In, First Out) Calculations
• Internal Control Systems Evaluations
• Employee Demonstrator Vehicles
• Inventory Capitalization Issues
• Warranty Contract Accounting

Financial institutions operate in a regulated environment and face constant challenges. They need to comply with strict federal and state regulatory requirements as well as income tax laws. Our extensive experience in performing audits and providing other specialized services has enabled us to acquire a broad understanding of the operations of financial institutions.

Our firm has developed a specialized department to service financial institutions and have experience in all phases of auditing and reporting, including the preparation of financial statements and management letters.

We stay up to date on current developments by subscribing to a multitude of publications and regularly attending seminars and conferences. On top of that, we gain valuable information from trade associations that serve financial institutions. These include the Connecticut Bankers Association, the FDIC, the Connecticut Department of Banking, and the Center for Financial Training Atlantic & Central States.

We cater to the unique needs of financial institutions by providing the following services:

• Audit, Review, and Compilation Accounting Services
• Supervisory Committee Audit Assistance
• Loan File and Classification Reviews
• Loan Policy Reviews
• Asset and Liability Policy Reviews
• Internal Control Systems Evaluations
• Information Technology Advisory Services
• Accounting Manual Assistance/Preparation