Industries

Non-Profit

Making the most of your non-profit dollars.

Our firm has a comprehensive understanding of the factors determining the success of non-profit organizations. Our nonprofit clients rely on us to help them understand and comply with the many special audit, tax and operating requirements. When non-profits are faced with increased funding competition, evolving technology, and changing regulations, we are there every step of the way.

Services of The Hobbs Group include:

• Audits, Reviews and Compilations
• Tax Return Preparation
• Software Solutions
• Risk Assessment
• Internal Control Evaluations
• Contract Accounting
• IRS Representation
• Cost Control Evaluations
• Financial Statement Preparation & Analysis
• Payroll
• 999 Compliance

Construction & Real Estate

Helping to keep you ahead of industry trends.

The Hobbs Group serves:

• Individual owners
• Developers
• Hotel Operaters
• Brokers/Investors
• Contractors
• Construction Suppliers
• Engineering & Architecture Firms
• Heavy & Highway Contractors
• Home Builders
• Subcontractors

The Hobbs Group can help you:

• Minimize risk in acquiring and divesting assets
• Improve accounting and internal controls to streamline financial operations
• Implement systems and controls to contain costs
• Resolve complicated tax issues and capitalize on tax benefits
• Structure deals and transactions to mitigate tax liabilities
• Restructure debt to reduce costs and improve cash flow

Government Services

Governmental entities need experienced, professional and straight-forward advice.

Governmental entities face many complex issues today with increased scrutiny and regulatory demands. The Hobbs Group keeps you well prepared by offering an integrated approach, advising you on the most relevant issues. Our goal is to provide cutting edge solutions to your increasingly concerning matters.

Our governmental client services include:

• Audits of financial statements in conformity with generally accepted accounting principles and Government Auditing Standards
• Comprehensive annual financial report preparation
• Assistance with internal control system development and improvement
• Agreed-upon procedures engagements
• Consulting regarding audit and accounting issues
• Forensic accounting, including fraud investigations

Retail

We can help retail clients address their operational, financial and strategic challenges.

Shifts in the economy bring shifts in consumer purchasing patterns, making appropriate merchandising and inventory the key to the success of a retail business.

The Hobbs Group can help retail clients with:

• Assessing issues that affect gross profit margin
• Benchmarking their performance and adopting best practices
• Performing cost segregation studies to accelerate the depreciation deduction for tax purposes
• Operations Management
• Financial Management
• Audit and Accounting services
• Financial Reporting and Analysis

Manufacturing & Distribution

We understand that manufacturers and distributors face a unique variety of operating, production and logistical issues.

The Hobbs Group utilizes inventory valuation methods, uniform capitalization rules, and multi-state and local income and sales tax issues to help our Manufacturing and Distribution clients. We can identify valuable tax planning opportunities that minimize tax burdens, enhance long-term value, and increase day-to-day profitability.

In addition, The Hobbs Group can perform the following services: 

• Evaluation of financing alternatives
• Cost control studies
• Development of internal management reporting systems
• Inventory management
• Control reviews
• Product line profitability analyses
• Historic/trend analyses
• Internal control/safeguarding of assets review

Professional Services

The Hobbs Group is well-prepared to assist all forms of professional services clients.

We commit to high standards involving confidentiality, objectivity and integrity - qualities we know that your business also values. Our team of professionals at The Hobbs Group is dedicated to providing the highest level of guidance in all aspects of your business. We deliver services in a timely and efficient manner and are passionate about assisting in our clients’ success.

Services for our Professional Services clients includes:

• Practice valuations
• Profitability Analysis
• Business strategy for growth through mergers and acquisitions
• Internal management reporting
• Succession planning
• Trust accounting reconciliation and management
• Infrastructure improvements such as billing processes
• Payroll
• Monthly Accounting
• Tax Prep and Software Solutions

Employee Benefit Plans

Our firm audits employee benefit plans to meet the requirements of Employment Retirement Income Security Act (ERISA) and the Department of Labor (DOL).  Auditing employee benefit plans is an industry-specific service that requires specialized experience and knowledge.  With the changing rules and regulations from the DOL and IRS our firm is dedicated to keeping our staff knowledgeable in this area.  Our firm is a member of the AICPA’s Employee Benefit Plan Audit Quality Center which also assists us in performing quality audits in this complex area.  Services of our firm include limited and full scope audits of the following plans:

• 401k plans
• 403b plans
• Profit Sharing plans
• Defined Benefit pension plans

Other services include:

• Review or preparation of IRS Form 5500
• Review and assistance with correction of audit deficiencies

Our engagements are performed in accordance with:

• Generally Accepted Auditing Standards
• AICPA Audit and Accounting Guide for Employee Benefit Plans
• Reporting and disclosure requirements under Employee Retirement Income Security Act of 1974 (ERISA) and related regulations