Our Services

Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison. Below we have listed the services that we offer to our clients along with a brief description.

As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional.

Accounting Services

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:

  • Audits (For profit, Not-for-profit, Employee retirement plans, & Yellow book)
  • Financial Statements (Review and Compilation)
  • Bookkeeping (Monthly/Quarterly/Annual)
  • Accounting system setup for new businesses
  • Computerized payroll services
  • Business tax return preparation (Sales & Use/Business Property)
  • Personal financial statements
  • Litigation support
  • Financial forecasting & pro forma

Tax Services

We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include but are not limited to:

  • Tax return preparation
    • Corporations
    • Partnerships/LLCs/LLPs
    • Individuals
    • Estates, trusts, and gift
    • Not-for-profit organizations
  • Tax planning/forecasting
  • Taxing authority representation and support
  • Divorce and support issues
  • Tax effects of buying/selling a business

Business Evaluation Support

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following is just a few of the areas in which we provide support:

  • Accounting software selection and implementation
  • Type of entity selection
  • Business valuations
  • Buying/selling a business
  • Computer systems
  • Financial & retirement decisions
  • Estate, trust & gift planning

Valuation Services

As a forward thinking CPA and advisory firm, Hill Fogg & Associates provides services that support our clients’ vision and help to drive their success. We provide a wide range of valuation consulting services for tax planning and reporting, financial reporting and compliance, business planning, and litigation support. Valuation is the foundation of any wealth transfer involving a business enterprise. A valuation can uncover and bring to light value drivers that quantifies impacts certain business changes have on shareholder value.

Valuation services offered include:

  • Section 409A (Deferred Compensation)
  • Gift, Estate and Tax Planning
  • Buy/Sell Agreements
  • Purchase Price Allocations
  • Employee Stock Ownership Plans (ESOPs)
  • New Capital Formations
  • Arbitration and Mediation
  • Marital Dissolution
  • Trust and Estate Litigation
  • Shareholder/Partner Disputes

Government Contracting Services

The Huntsville area is one rich with emerging and established government contractors.  Our firm has had the benefit of experiencing from this unique business sector.  We have many years of diversified experience in this distinct and demanding area of practice.  We have developed strategies, procedures, and planning tools to directly support our government contract clients through every phase of growth.   We have proven ability and expertise in this specialized segment of practice.  We provide full service planning, consulting, and on-going support for large and small contractors gauged to grow with your business.   We are well versed in the FAR and DCAA representation along with government contract accounting and software packages.  Some of the services we provide are addressed as follows:

  • DCAA compliant set-up of accounting systems
  • Policies and Procedure implementation and analysis
  • Forward rate projections/analysis
  • Proposal pricing/support
  • Incurred Cost Submission preparation
  • Business Planning
  • DCAA consulting and audit representation
  • DCAA Compliant System auditing and analysis

Accounting software consulting to include Quickbooks, Deltek Costpoint, Deltek GCS Premier, and Procas.

Other Services

Due to our diverse client base, we encounter a wide array of financial and tax issues. As a result, we have gained valuable experience over the years in numerous specialized areas, many of which are listed below. We feel our ability to provide such a variety of services reflects our versatility and competency, as well as our dedication to quality client service.

  • Mergers & acquisitions
  • Asset protection
  • Investment review
  • Bankruptcies
  • Litigation support
  • Cash flow forecasting
  • Employee benefit plans/audits
  • Expert witness services