Our Services
Diverse Business & Individual Services
in the Golden Triangle: Columbus, Starkville, & Tuscaloosa
At T. E. Lott & Company, our team of experienced CPAs and financial professionals is dedicated to helping clients achieve long-term financial success. By offering a number of personalized services tailored to meet the diverse needs of business owners and individual clients alike, T. E. Lott & Company can help all achieve greater wealth and sustainable growth.
Services for Businesses
Regardless of industry or size, T. E. Lott & Company can help business owners develop strategic plans that promote long-term growth and profitability. From new business formation through financial reporting and audits, our business services can be tailored to each business’ needs. Our CPAs are highly experienced in providing comprehensive audits, reviews, and compilations for businesses of all industries, including financial institutions.
- Small Business Accounting
- Payroll
- Audits, Reviews, & Compilations
- Cash Flow Management
- Audits Requested by Banks
- New Business Formation
- Non-Profit Organizations
- Internal Audit Services
- Employee Benefit Plans
- Government Entities
We take care of your books for you, so you can get back to the job of running your business and generating profits!
- Reconcile your bank account
- Produce timely financials
- Generate a balance sheet
- Clean up your general ledger
Small business owners spend an average of eight hours a month performing payroll functions. That’s 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers.
We offer payroll solutions and business services that meet the needs of your business and enable you to spend time doing what you do best–running your company.
Stockholders, creditors, and private investors often need assurance that the financial statements accurately represent the true financial position of a company.
Your stockholders, creditors, or private investors have different levels of risk tolerance, so we provide three levels of assurance to meet your needs.
A cash crisis can be emotionally devastating and it can even kill your business.
Our cash management service allows you to:
- Know when, where, and how your cash needs will occur
- Know what the best sources are for meeting your additional cash needs
- Be prepared to meet these needs when they occur, by keeping good relationships with bankers and other creditors
An attestation engagement requested by a lending institution can be a complex process. Our firm is dedicated to ensuring your audit results are accurate to your business situation and address the lending institution’s particular concerns.
Thinking of owning your own business?
Opening your own business is exciting and thrilling. It’s everything that comes after the excitement and thrill have worn off that dictates whether a small business will make it or not. It’s up to you to maintain and stretch out the “thrill and excitement” period forever.
We can help you set up and maintain your non-profit organization’s tax-exempt status by handling all the IRS reporting for you.
Businesses of any size need thorough internal control policies to maintain business efficiency and ensure the proper management of resources. T.E. Lott & Co. has a team of experienced individuals who understand how to examine internal controls.
Helping employers develop competitive benefits packages to attract and retain competent employees is just another of the specialties of T.E. Lott & Company. We currently provide varying degrees of services for over 100 employee benefit plans for employers that range from sole proprietors to large publicly- traded companies. Whether your company is in the process of designing, establishing, re-working, or maintaining an employee benefit plan, our professionals are able to assist you.
We can help your local government or governmental authority meet their reporting obligations for their stakeholders or consult with your administrative team.
The following is a partial list of services our team can offer:
- Audits, Reviews, and Compilations
- Single Audits (federal grant compliance audits)
- Monthly bookkeeping and financial statement preparation services
- Consult with your administrative team in budget preparation and amendments.
- Assist your team in implementing new Governmental Accounting Standards such as calculating the net pension liability.
Tax Services
At T. E. Lott & Company, our expertise in tax preparation extends to a diverse clientele, offering tailored solutions for individuals, corporations, partnerships, non-profits, and estate, gift, and trust returns. With a commitment to excellence and client satisfaction, we leverage our extensive knowledge to provide expert tax planning and compliance services that meet your unique needs.
Services for Individuals
Lifelong financial health begins with strategic financial planning that takes into account the uncertainties of the future. At T. E. Lott & Company, our financial team takes a multi-step approach to helping clients plan ahead. From saving for retirement to drawing social security and managing financial responsibilities for seniors, T. E. Lott & Company offers the personal guidance and support needed to enter the future with confidence.
Estate Planning
Every estate planning situation is different. We are available throughout the process for further discussion regarding questions, change of circumstances, and alternatives. At every step, we’ll be there with you.
Elder Care
With our TEL CARES services, your loved ones get assistance with their daily finances and business duties, and you are kept informed of every step we make. That way, you always know that your family member’s needs are being met.