Lynn, Gottschalk and Company, LLC

Take a proactive approach to your financial needs.

Accounting firm in Erdenheim, PA (show on map)

4.0

★★★★☆

4 reviews

Full-service accounting firm serving clients throughout the Erdenheim, PA area.

Call (215) 687-4444

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About

For years, Lynn, Gottschalk and Company, LLC has been providing quality, personalized financial guidance to local individuals and businesses. The firm offers a wide range of services including tax management, accounting, assurance and advisory services, estate and trust planning, QuickBooks assistance, entity selection, computer consulting, cash flow analysis, mergers and acquisitions, and various accounting services such as audits, reviews, compilations, litigation support, bookkeeping, employee benefits planning, financial projections, and debt advising.

Full-service accounting firm

Personalized financial guidance

Expertise in various industries

Use of latest technology and communication

Outsourced CFO and Controller services

Services

Tax Management Services

Guides clients through tax planning and preparation to minimize liabilities and maximize cash flow.

Accounting Services

Provides accurate record-keeping, financial reporting, and support on various financial issues.

General ledger and financial statement preparation Bookkeeping (monthly, quarterly, or annual) Accounting system setup and support Cash flow budgeting and forecasting Employee benefit and profit-sharing plans Corporate tax planning and return preparation Litigation support

Assurance and Advisory Services

Builds client relationships, assures financial record solidity, and provides strategic business advice.

Audits, reviews, and compilations Entity selection and restructuring Accounting software selection, implementation, and support Business valuations Financial projections and forecasts Debt and finance advising Mergers and acquisitions Transaction structuring and negotiations Business succession

Audits, Reviews, and Compilation

Offers three levels of assurance services based on client needs.

Audits Reviews Compilations

Estate and Trust Planning and Tax Preparation

Helps navigate complex tax laws for asset transfer and minimizes tax liability.

Estate planning Trust planning Tax preparation for estates and trusts

Credentials & Certifications

CPA

Since multiple years

MBA

Since Drexel University

Reviews

Rating

★★★★☆

Reviews

"Prompt, accurate, detailed, communicative, responded quickly to emails."

Frequently Asked Questions

What is the difference between an audit, a review, and a compilation? +

Audits offer the highest level of assurance, involving in-depth examination and confirmation of account balances. Reviews provide limited assurance through inquiries and analytical procedures. Compilations are prepared for internal use without assurance and may involve adjustments to accounting records.

How do I report tip income to the IRS? +

Tip income from hair salons, barber shops, casinos, golf courses, hotels, restaurants, or taxicabs is taxable. Keep a daily log of all tip income, including cash, credit card tips, non-cash tips, and tips paid out to other employees. Report $20 or more in tips per month to your employer, who must withhold federal income, Social Security, and Medicare taxes.

What is the deadline for filing federal income tax returns? +

The standard deadline for filing federal income tax returns is April 15. If you need more time, you can request a six-month extension using Form 4868, but any tax owed must still be paid by the original deadline to avoid interest and penalties.