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Services

Leaf & Cole, LLP is a dedicated team of skilled accounting professionals. We are large enough to offer complete and diversified accounting services, yet small enough to provide a very personal touch. Whether it's auditing, accounting, compilation, review, tax, management advisory, small business, or litigation services, no one provides quality work and sincere dedication to your business goals as the team at Leaf & Cole.

Our professional services include:


Tax Services

We offer our clients, whether individuals, partnerships, corporations, LLCs, estates or trusts, a full range of tax services. We provide tax planning, return preparation and representation before tax authorities.

Leaf & Cole, LLP and our team of tax and accounting professionals provide you with innovative solutions to your personal financial and business needs. Tax planning and compliance, cash flow management, budgeting, software selection, and management advisory services are but a few of the areas with which we can assist you in reaching your maximum potential.

Our tax consultants formulate strategies in order to be certain that complex business transactions result in the achievement of your objectives. Tax planning services include advice on structure and timing of transactions in order to minimize the tax consequences. Leaf & Cole, LLP provides tax and accounting services to a wide variety of individual and business entities, from the couple purchasing their first home to the closely held corporation.

We draw upon our knowledge of the tax laws, rules, and regulations applicable to all types of entities in order to assist our clients in meeting their tax filing and documentation obligations. As your tax advocate, we will use our considerable experience in representing you before the tax authorities, should the need arise. Leaf & Cole, LLP can assist the following entities with their federal and state tax compliance requirements:

Individuals
Partnerships
Corporations
S-Corporations
Trusts and Estates
Retirement Plans
Nonprofit Organizations
Limited Liability Companies


Since 1959, Leaf & Cole, LLP has assisted small business clients in becoming successful. We look forward to helping you attain your goals.

Auditing - Special Districts


Leaf & Cole, LLP. was founded in 1959 and today is one of the largest single office accounting firms in San Diego. Our high ratio of partners to our professional staff allows us to better anticipate clients' needs. The value we add to any organization is rooted in our high quality of service and is measured objectively by its continual success.

We firmly believe that effective and efficient client service depends on the strength of the engagement team. Key factors of that strength are availability, responsiveness, experience and commitment of the team members. This team approach to client service offers our clients increased availability, greater responsiveness, more experience and unsurpassed commitment. The partners of Leaf & Cole have made a strategic commitment to devote top quality talent and the resources necessary to ensure that the firm is viewed as a leader for accounting professionals of California Special Districts. Our Special District practice is charged with keeping our clients and our own professionals informed of significant developments affecting California Special Districts. This is accomplished through participation in related associations, conferences, continuing education and special programs. We are proud of our commitment to staying abreast of emerging issues and providing our clients with timely reports.

Leaf & Cole, LLP provides accounting and auditing services to a variety of California Special Districts including:

  • Water and Sewer
  • Wastewater Treatment and Reclamation
  • Street and Repair
  • Park and Recreation
  • Fire
  • Community Service
  • Improvement Corporations
  • Finance Authorities
  • Employee Benefit Plans
  • Facilities Corporations

Our experience with California Special Districts is not limited to auditing financial statements. We provide a wide range of services including the following:

  • Audited Financial Statements
  • Audits in Accordance with Government Auditing Standards
  • Single Audits (A-133)
  • Analysis and Reporting on Internal Control
  • Analysis and Reporting on Compliance with Laws and Regulations
  • Comprehensive Annual Financial Reports
  • State Controller's Report
  • Agreed upon Procedures
  • Net Revenue Coverage Calculations
  • Monthly Accounting and Compilation Services
  • Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting

Auditing - Affordable Housing


Leaf & Cole, LLP. was founded in 1959 and today is one of the largest single office accounting firms in San Diego. Our high ratio of partners to our professional staff allows us to better anticipate clients' needs. The value we add to any organization is rooted in our high quality of service and is measured objectively by its continual success.

We firmly believe that effective and efficient client service depends on the strength of the engagement team. Key factors of that strength are availability, responsiveness, experience and commitment of the team members. This team approach to client service offers our clients increased availability, greater responsiveness, more experience and unsurpassed commitment. The partners of Leaf & Cole have made a strategic commitment to devote top quality talent and the resources necessary to ensure that the firm is viewed as a leader for accounting professionals in the Affordable Housing Industry. Our Affordable Housing practice is charged with keeping our clients and our own professionals informed of significant developments affecting the Affordable Housing Industry. This is accomplished through participation in related associations, conferences, continuing education and special programs. We are proud of our commitment to staying abreast of emerging issues and providing our clients with timely reports.

Leaf & Cole, LLP provides accounting and auditing services to over fifty affordable housing projects including:

  • Nonprofit Projects
  • Farmers Home Administration (FHA) Assisted Projects
  • Profit Motivated Projects
  • Housing and Urban Development (HUD) Assisted Projects
  • California Housing Financial Agency (CHFA) Assisted Projects
  • Low Income Housing Tax Credit Projects

Our experience in the Affordable Housing Industry is not limited to auditing financial statements. We provide a wide range of services including the following:

  • Audited Financial Statements in Accordance with Government Auditing Standards
  • Single Audits (A-133) Analysis and Reporting on Internal Control
  • Analysis and Reporting on Compliance with Laws and Regulations
  • Comprehensive Annual Financial Reports
  • State Controller's Report
  • Agreed Upon Procedures
  • Net Revenue Coverage Calculations
  • Monthly Accounting and Compilation Service
  • Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting

Auditing - Nonprofits


Leaf & Cole, LLP. was founded in 1959 and today is one of the largest single office accounting firms in San Diego. Our high ratio of partners to our professional staff allows us to better anticipate clients' needs. The value we add to any organization is rooted in our high quality of service and is measured objectively by its continual success.

We firmly believe that effective and efficient client service depends on the strength of the engagement team. Key factors of that strength are availability, responsiveness, experience and commitment of the team members. This team approach to client service offers our clients increased availability, greater responsiveness, more experience and unsurpassed commitment. The partners of Leaf & Cole have made a strategic commitment to devote top quality talent and the resources necessary to ensure that the firm is viewed as a leader for accounting professionals in the Nonprofit sector. Our Nonprofit practice is charged with keeping our clients and our own professionals informed of significant developments affecting the Nonprofit sector. This is accomplished through participation in related associations, conferences, continuing education and special programs. We are proud of our commitment to staying abreast of emerging issues and providing our clients with timely reports.

Leaf & Cole, LLP provides accounting and auditing services to a variety of Nonprofit Organizations including:

  • Professional Associations
  • Civic and Community Organizations
  • Performing Arts Organizations
  • Religious Organizations
  • Research and Scientific Organizations
  • Trade Associations
  • Voluntary Health and Welfare Organizations
  • Social Clubs
  • Federated Fundraising Organizations
  • Fraternal Organizations
  • Labor Unions
  • Cultural Organizations
  • Political Action Committees

Although Nonprofit Organizations are exempt from income taxes in general, the annual filing and compliance requirements are often more stringent than those required for taxable entities.

Complicated tax issues pertaining to Nonprofit Organizations include:

  • Unrelated Business Income
  • Lobbying or Political Activities
  • Fundraising Activities

Our experience with Nonprofit Organizations is not limited to auditing financial statements. We provide a wide range of services including the following:

  • Auditing Financial Statements
  • Audits in Accordance with Government Auditing Standards
  • Single Audits (A-133)
  • Analysis and Reporting on Internal Control
  • Analysis and Reporting on Compliance with Laws and Regulations
  • Tax Planning pertaining to Unrelated Business Income

Compilation and Review Services



Although an audit is the classic method of evaluating a company's financial situation, it is not necessary in many cases. Frequently, a compilation or review of a company's financial statements is all that is needed. The cost of these services can be significantly less than the charges for a traditional audit.

Compilation:

  • A compilation is a presentation of financial statements and other information that is the representation of the management or owners. We do not express an opinion or give any other form of assurance. We read the statements and issue our compilation report on them.
  • Compilations are useful when clients need assistance in preparing their monthly or quarterly statements.
  • A compilation is essentially what the company would probably do itself, if it had the in-house staff. The C.P.A. simply puts the company's financial information into statements appropriate for that particular industry. We do not establish whether these statements conform with generally accepted accounting principles.


Review:

  • A review is more comprehensive than a compilation. The accountant attempts to determine, through inquiry and analysis, whether a company's financial statements conform with generally accepted accounting principles. Reviews are useful when clients, creditors or others need limited assurance that the financial statements require no material modifications.

Management Advisory Services



Our management advisory services are a natural extension of the relationship we maintain with our clients. We serve as objective researchers, analysts, or advisors to management rather than decision-makers.

The goal is to improve each client's capabilities and resources to meet objectives. This work may range from brief consulting sessions to complete accounting and reporting systems design.

Leaf & Cole's management advisory services are a vital part of the service package. Clients and others in the business community recognize that the experience we gain through our work with financial problems of diverse enterprises has equipped us to render a number of valuable services. We counsel clients in the use of accounting data and the techniques of planning and control, which are essential for policy-making groups and administrators who carry them out.

Before accepting a consulting task, we clearly define our role and responsibility, as well as the major tasks to be accomplished, and establish status reporting methods and a timetable for implementation.

In all cases, Leaf & Cole is the advisor - management remains the final decision-maker.

Litigation Services


Certified public accountants are increasingly being called upon to provide services to assist the legal profession and other clients in the growing complexities of litigation matters. Litigation consulting services include accounting and consulting skills that assist attorneys or clients in a legal or regulatory dispute. Our services are usually defined by being either work products or functions.

Expert testimony is a key ingredient in an accounting litigation engagement. We carefully blend personal characteristics of an expert witness with appropriate background and work product to enhance effectiveness. We take pride in constantly improving our testifying skills.

Small Business Services

Many of the smaller companies we represent need such services are instrumental in establishing an effective and efficient accounting system. We have QuickBooks professional advisors on staff to assist you with these accounting consultation needs

We provide all of this work and closely coordinate with the client’s accounting staff.

Leaf & Cole, LLP provides hands-on consultation with you and your staff in the design, structuring, and installation of your computerized accounting system.

Financial Consulting Services

Leaf & Cole, LLP and our team of tax and accounting professionals provide you with innovative solutions to your personal financial and business needs. Tax planning and compliance, cash flow management, budgeting, software selection, and management advisory services are but a few of the areas with which we can assist you in reaching your maximum potential.

Additionally, Leaf & Cole, LLP guides small and medium-sized businesses in the selection and implementation of their accounting software. We will design your accounting system to provide you with the information you need to make management decisions. In addition to being QuickBooks Professional Advisors, we are available to consult on a diverse number of software applications.

We also provide retirement and investment planning solutions, which include risk analysis, estate planning in coordination with your retirement needs, and portfolio accounting services. As an established full-service accounting firm, we provide the following:

  • Management Advisory Services
  • Estate and Retirement Planning
  • Preparation of Compiled or Reviewed Financial Statements
  • Bookkeeping consulting, as QuickBooks Professional Advisor
  • Portfolio Accounting
  • Litigation Support
  • Trustee Services


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