Services for Ohio-Based Title Agencies
More than ever, Ohio-based title agencies need customized accounting and consulting services to meet their needs. Increasing government and underwriter scrutiny challenges even the strongest and most established agencies.
Your current CPA firm may not have the staff or skills to meet these changing and growing needs. But we do, offering a complete package of services specifically for the title agency.
Unlike other firms, we will also provide a fixed fee for the services you require, providing you the peace of mind of knowing the cost of our services up front. We also offer special pricing for those who invest in a package of our services.
The Required Annual Review
Each year, any title agency escrowing transactions in Ohio must get a review for the period of Sept. 1 through August 31 per Ohio SB-185.
The review must be performed by a CPA who is not employed by the agency, and will include certain procedures over all trust/escrow accounts maintained by the company. Noncompliance may result in the agency losing its license.
NMS performs reviews for agencies of all sizes statewide, from small, independent agencies to large, multi-branch groups. With five offices in Ohio, our expert CPAs look forward to helping you with this year's review. Call us today!
The Complete Package
Preparations for an underwriter audit. Take the anxiety and pressure out of an underwriter audit with proper preparations. We can provide a "friendly pre-audit", then implement best practices policies and procedures.
Payroll services. Developed specifically for busy companies, our payroll services completely eliminate the need to worry about payroll and payroll tax processing and remittance. We offer full service direct deposit, reporting via delivery or email, full tax payment, reconciliation services and pay-by-pay worker's compensation reporting and payment.
Tax planning and preparation. A cornerstone principal in our tax practice is to partner with our clients to develop an ongoing, effective tax plan. Otherwise, you and your agency are probably overpaying taxes! We can prepare federal, state and local tax returns for your agency and its owners, and our tax planning offerings also include recommendations on entity selection, pension and benefit plans, year-end transactions, owner's compensation, and the ownership and handling of the agency's real property.
Escrow account reconciliation/financial statements preparation. Reconciling escrow accounts on a monthly basis is critical, and demanding for every title agency. Each month we will reconcile your escrow accounts for you independently, providing you peace of mind, and prepare financial statements for you, a tool to monitor the performance of your business.
