CPA Philly.com, also known as McGovern & Associates, is a full- service Certified Public Accounting Firm specializing in Tax and Accounting Services
CPA Philly is here to help individuals and business owners with all of your tax related and financial questions. In the midst of these changing times, nothing is more important than the health and safety of you and your families. Our experienced team is available 24/7 to offer up-to-date guidance and expertise with Tax Compliance, Accounting & Auditing, Financial Management and Personal Financial Planning.
Please reach out to us and let us know how we can help.
About The Firm
Founded in 1992 by John E. McGovern, C.P.A., Masters in Taxation, CPA Philly, also known as McGovern & Associates, P.C. has steadily established itself as a respected member of the business communities of the Greater Philadelphia, Southeastern Pennsylvania, and South Jersey business communities.
Our firm's address, 4109 Main St Philadelphia PA 19127, is indicative of who we are and who we represent. We are truly "Main Street," USA accountants and trusted advisors.
McGovern & Associates, P.C. is located in the lively, eclectic Manayunk section of Philadelphia. The firm continues to be an active participant in the revitalization and rebuilding of Manayunk.
McGovern & Associates, P.C. is about teamwork. Our mission is to be an integral member of each client’s business team and to make a tangible impact on the lives and business that we represent.
We strive to provide high quality accounting services in a personal and professional manner. We respect and challenge each employee to achieve personal growth and to work as partners to each other and our clients. We are active team members of the communities where we do business.
Peer Review
Once again, John E. McGovern & Associates, P.C. has successfully completed a recent peer review. The peer review process is monitored by the Pennsylvania Institute of Certified Accountants.
Peer review has been the cornerstone of the accounting profession’s self-regulatory program since 1977. Designed to assure the public that CPAs practice in firms that provide services of the highest quality, peer review is a periodic outside review of a firm’s quality control system in accounting and auditing. It is also known as a practice monitoring program.
Peer review is a statutory requirement for Pennsylvania firms, and it is also a condition of membership in the American Institute of Certified Public Accountants (AICPA). Most firms are required to have a peer review once every three years.
John E. McGovern & Associates, P.C. has successfully completed all four of its peer reviews since its inception and is a proud member of both the American and Pennsylvania Institutes of Certified Public Accountants.
Tax Compliance
Professionally Prepared Personal and Business income, payroll, sales, retirement plans, and estate tax returns for federal, state, and local taxing authorities. Tax planning strategies for corporations, partnerships, and individuals. Proven tax strategies for mergers and acquisitions, corporation formations, and liquidations. Experienced representation for IRS audits, State, City of Philadelphia and other taxing authorities. We also prepare estate and trust returns.
We are creative, but conservative, in our tax planning techniques.
Accounting and Auditing
Audited, Reviewed, and Complied Financial Statements that meet the standards of your lending institution and provide your management with the financial information that is needed to make prudent business decisions. Field work includes preparing working papers and support schedules, bank reconciliations, and fixed asset schedules. Reconciliation of subsidiary journals such as accounts receivable, accounts payable, inventory, and fixed assets.
Our professionals take time to pay attention to all of the details that are critical to avoiding problems and optimizing opportunities. Our auditory motto is "trust but verify."
Financial Management Advisory Services
Preparation of business plans and valuations, financing requests, mergers and acquisitions, budgets, special purpose reports, projected financial statements, and internal control audits. Troubled business assessment and strategies for restructuring. Evaluation and formation plans for new and emerging businesses and growth ventures. Review of proposed and existing business agreements for maximum tax savings opportunities. Evaluation of major capital investments and loan alternatives.
We are grass roots accountants and we know what it takes to build wealth.
Personal Financial Planning
Development or review of plans for tax, retirement, educational funding, investments, insurance, and estate planning. Preparation of personal financial statements. Evaluation of potential investments. Special expertise in real estate including acquisitions, taxation, valuations, and refinances. Our background includes reviewing investment portfolios. We also analyze proposed investments such as tax shelters.
We understand and prioritize your financial goals, then we craft individualized strategies to help you realize your objectives.
Computerized Bookkeeping
We install, customize, and maintain automated bookkeeping systems. We can input your information into our computers, or we can work with your existing system. We are experts on QuickBooks, Peachtree and other packages. Our experts and technology assure timely, accurate financial reports so business owners have the information they need for decision-making.
We eliminate computer and bookkeeping frustrations.
Professional Networking Intermediary Services
McGovern & Associates, P.C. has a network of associates who include bankers, attorneys, local politians, investment advisors, insurance agents, real estate contacts, and other experts.
We can introduce you to our trusted business specialists as well as peers in your industry.
Our Clients
Technology
Cell Phone and Prepaid Phone Card Operators, Consultants, Government Contractors, Networking, Software Developers, Software Integrators, Web Designers.
Legal
Health law, Immigration Law, Real Estate Law, Business Tax Law, and General Law.
Finance
Bankers, Hedge Fund Managers, Insurance Agents, Investment Managers, Mortgage Brokers, Stockbrokers.
Real Estate
Architects, Appraisers, Condominium and Apartment Associations, Developers, Investment Properties, Laundromats, Office Buildings, Real Estate Agents, Real Estate Leases to Owners, Businesses, Real Estate Professionals as defined by IRS.
Hospitality
Our specialists prepare necessary forms, including sales tax, use and occupancy, payroll, tip reporting and liquor taxes for Restaurants, Diners, Catering Halls, Pizzerias, Country Clubs, Athletes, Actors and Entertainers. For Eating and Dining establishments prepare necessary forms including sales tax, use and occupancy, payroll, tip reporting and liquor taxes.
Retirement Plans
401K Plans, Simple IRAs, Profit Sharing Dividend Benefits. McGovern & Associates prepares 5500 forms and is qualified to be a third party administrator.
Healthcare
McGovern & Associates, P.C. specializes in the Philadelphia market’s leading industry: healthcare. Our clients include specialists and group practices in Cardiology, Dentistry, Family Practice, General Surgery, Imaging, Internal Medicine, Laboratory, Nursing Registry, Orthopedics, Optical, Optometry, Ophthalmology, Orthodontics, OB/GYN, Oral Surgery, Plastic Surgery, Podiatry, Psychiatry, Psychology, Physicians Assistants, Pharmacy, Radiology, and Urology.
Not-for-Profit Accounting and Auditing
Associations, Art Centers, Chamber of Commerce, Community Development Corporations, and Schools. We prepare Federal 990 and 1023 tax forms, state registration, payroll, unrelated business tax forms and assist in the formation and obtaining non/profit status. The audited, reviewed and compiled financial statements we prepare include A-133 yellow book audits as required. We participate and have passed all Pennsylvania Institute of Certified Public Accountants Peer Reviews. Pennsylvania Institute of Certified Public Accountants Peer Reviews has consistently passed McGovern & Associates (CPA Philly.com) and our experts participate in peer reviews.
Transportation
Clients in the transportation sector include: Flite School, Fueling, Leasing Companies, Private Aircraft Operation, Trucking, Tug & Barge Operator.
Executives and Professionals
McGovern & Associates, P.C. prepares individual tax returns, personal financial plans, banking finance requests, college savings plans, retirement plans, tax plans, real estate acquisitions and business formations for executive professionals throughout the region, across the United States, and around the world. All individual returns are signed by a C.P.A. who also earned a Masters in Taxation. Our approach is to work as a client advocate and be respectful of I.R.S. positions. Typical individual clients are either on track to have a net worth of $1 million or have already surpassed that milestone and are working to become millionaires several times over.
Retail/Manufacturing
Retail, Wholesale and Manufacturing Concerns.
Foreign Taxation
We provide professional tax services for all individuals who need to file Income Taxes in the United States, including non-residents, aliens, resident aliens, international students, and diplomats. Domestic and Foreign Corporations that would like to open businesses in the United States rely on us for registration with Federal, State and Local Tax Departments, preparation of initial corporate packages, payroll services, and all relevant tax services.
Resources
Tax Forms
Click on the link below to visit the appropriate website where you will find necessary forms.
- Federal - IRS
- State - Pennsylvania
- State - New Jersey
- Local - Philadelphia
- City of Philadelphia Property Value and Tax Assessment Search
Tax Deduction Checklist
Maximize your deductions with a check sheet that summaraizes your deduction categories.
Prime Rate of Interest
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Check the prime rateTax Organizer
Download a form that will help you prepare for the coming tax year.
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Talk to you soon
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4109 Main Street,
Philadelphia, PA 19127
