CPA Services Built Around Experience and Direct Partner Involvement
Swaim Accounting Services, Inc. provides audit and assurance, tax, accounting, and advisory services to businesses, nonprofit organizations, governmental entities, and individuals. We serve clients throughout Texas and New Mexico, with our governmental audit practice currently focused in Texas. Our partners work directly with clients to provide technically sound, responsive service tailored to each engagement.
Audit and assurance is a significant area of our practice, with particular emphasis on governmental entities, including school districts and special districts. We also provide tax, accounting, financial reporting, and advisory services to help clients meet their ongoing financial and compliance needs.
Audit & Assurance
We provide audit and assurance services to businesses, nonprofit organizations, and governmental entities, including financial statement audits and Single Audits when applicable. Our audits are conducted in accordance with generally accepted auditing standards in the United States of America and, when applicable, Government Auditing Standards and the audit requirements of the Uniform Guidance. Financial statements are evaluated in accordance with the applicable financial reporting framework, including generally accepted accounting principles as applicable.
We serve businesses, nonprofit organizations, and governmental entities, with particular emphasis on governmental audit and assurance. Our governmental practice includes a focus on Texas school districts and special districts, including emergency services districts, library districts, utility districts, and other local governmental entities.
Financial Statement Audits
An audit provides reasonable assurance about whether the financial statements are free from material misstatement. We perform audit procedures in accordance with applicable professional standards and issue an independent auditor’s report that includes our opinion on whether the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework.
Reviews
A review provides limited assurance on an entity’s financial statements. We perform primarily analytical procedures and inquiries in accordance with applicable professional standards and issue a report stating whether we are aware of any material modifications that should be made for the financial statements to be in accordance with the applicable financial reporting framework.
Compilations
In a compilation engagement, we apply accounting and financial reporting expertise to assist management in the presentation of financial statements and issue a compilation report in accordance with applicable professional standards. A compilation does not provide an opinion, conclusion, or assurance on the financial statements.
Governmental Audit & Assurance
We provide audit and assurance services to governmental entities in Texas, including financial statement audits and Single Audits when applicable. Our audits are conducted in accordance with generally accepted auditing standards in the United States of America and, when applicable, Government Auditing Standards and the requirements of the Uniform Guidance.
Our governmental practice includes a particular focus on school districts and special districts. Special districts are governmental entities established to provide specific public services within a defined area and may include emergency services districts, library districts, utility districts, hospital districts, water districts, and other local governmental entities.
Governmental Entities We Serve
School Districts
We provide financial statement audits and Single Audits to Texas school districts. Our audits are conducted in accordance with generally accepted auditing standards in the United States of America and, as applicable, Government Auditing Standards, the audit requirements of the Uniform Guidance, and Texas Education Agency reporting and audit requirements. We understand the specialized accounting, financial reporting, compliance, and accountability requirements applicable to Texas public school districts.
Special Districts
We provide audit services to Texas special districts. These governmental entities may include emergency services districts, library districts, utility districts, hospital districts, water districts, and other entities established to provide specific public services. We understand the importance of clear financial reporting, regulatory compliance, and accountability to governing boards and the communities these entities serve.
Other Governmental Entities
We serve other Texas governmental entities requiring independent financial statement audits and related assurance services. Our approach emphasizes direct partner involvement, organized engagement management, responsive communication, and compliance with applicable professional and governmental auditing requirements.
Our Approach to Governmental Audits
Governmental audits require careful planning, disciplined execution, and clear communication throughout the engagement. We work directly with management and those charged with governance to establish expectations, coordinate information requests, address matters as they arise, and maintain an efficient audit process.
Our partners remain actively involved throughout each engagement, from planning through completion. We emphasize technical quality, organized engagement management, responsive communication, and dependable delivery while maintaining the independence and professional skepticism required of an independent auditor.
Tax Services
We provide tax preparation and planning services to individuals, businesses, fiduciaries, and nonprofit organizations. Our approach emphasizes accurate reporting, practical guidance, responsive communication, and consideration of each client’s broader financial circumstances.
Individuals
We prepare federal and state income tax returns for individuals and provide practical tax guidance related to changes in income, business ownership, investments, retirement, and other financial circumstances.
Businesses & Fiduciaries
We provide tax preparation and related guidance for corporations, S corporations, partnerships, limited liability companies, trusts, and estates. We work with clients to address filing requirements, tax considerations, and planning matters throughout the year.
Nonprofit Organizations
We provide tax compliance services for tax-exempt organizations, including preparation of applicable Form 990 series returns and related filings. Our experience with nonprofit organizations allows us to understand both their tax compliance requirements and broader financial reporting environment.
Accounting Services
We provide accounting and financial reporting services to businesses and nonprofit organizations that need reliable financial information without maintaining a full internal accounting function. Our services are tailored to each client’s needs and may range from ongoing bookkeeping support to financial statement preparation and year-end accounting assistance.
Bookkeeping & Accounting Support
We provide bookkeeping and general accounting support to help clients maintain organized and accurate financial records. Services may include transaction recording, account reconciliations, adjusting entries, general ledger maintenance, and other recurring accounting assistance.
Financial Reporting
We assist clients with financial reporting and period-end accounting, including preparation of financial statements and related schedules. Our involvement is tailored to the client’s reporting needs and the level of CPA service required.
QuickBooks & Accounting Systems
We assist clients with QuickBooks and related accounting processes, including account setup, cleanup, reconciliations, and improvements to recurring accounting procedures. Our objective is to help clients maintain more reliable financial information and efficient accounting processes.
Business Advisory
We provide practical financial and business advisory services to help owners and organizational leaders better understand their financial information, strengthen financial processes, and address operational and reporting challenges. Our advisory work draws on our experience in public accounting, financial reporting, internal controls, and financial management.
Financial Management
We work with clients to evaluate financial performance, reporting needs, budgeting considerations, cash flow, and other financial management matters that affect their organizations.
Internal Controls & Processes
We assist organizations in evaluating accounting processes and internal controls, identifying areas for improvement, and developing practical procedures appropriate for the size and complexity of the organization.
Financial Reporting & Consulting
We provide guidance on accounting and financial reporting matters, including complex or unusual transactions, reporting considerations, and other issues requiring experienced CPA involvement.
Discuss Your CPA Service Needs
Whether your organization needs an audit, ongoing accounting support, tax services, or experienced financial guidance, we welcome the opportunity to discuss your needs and determine how Swaim Accounting Services can assist.