S Corp Distributions We do not sign the report.
Signed reports of that kind are not produced here. What remains on this site is bookkeeping, payroll setup, and preparation of the return.
Where this work stops.
Kept books, payroll setup, reconciliations, statements from a closed month, and the return are the work here. The list above stops before any audit signature, review signature, or compilation signature. Those signatures stay at a firm whose work includes signing them. When a lender or a buyer asks for that signature, the first call says so and points the request that way.
The limit is not a puzzle. A monthly close and a set of statements the owner can read are part of keeping the books. A report that a third party is meant to rely on, with a signature that carries that reliance, is the other engagement. We do not blur the two because a bank used a loose word in an email.
On these pages Steven Palmieri works as Tax CFO and as the Entrepreneur's CFO, and the reserved words about what the practice is not appear once, on the disclosures page, inside the line drawn there.
What a lender often meant.
Sometimes a lender wants to see that the books are current, that payroll exists, and that the return matches the books. That request can be answered with a closed month, statements, and a return, without anyone signing an audit. We ask what the lender actually required before we assume a signature is the only acceptable object.
Sometimes the lender was precise and the signature is required. Then the answer is a referral, not a workaround. We will not dress a monthly package up with words that sound like a signed report. The owner should know which document they are holding.
A buyer in a sale has the same split. Some buyers want clean books and a tax history that matches. Some buyers want a signed review. We can help with the first. The second leaves this practice.
The lines we will still name.
Refusing the signed report does not mean we refuse the wage question, the draw label, the loan paper, or the basis ceiling. Those are the work. A company can need all of them and still not need an audit. Most of the owners who reach this site are in that group.
We will also refuse a ratio inside this boundary. The absence of a signed report is not a reason to get casual about pay. If anything, the wage line and the basis worksheet are how the books stay defensible without borrowing a signature.
Read the fit on who this is not for, the wage on wages first, and the disclosures for the sentence about the limit.
Ask where the work stops.
Quote the request in a few words. Do not attach the letter here.
You will be talking to the Steven Palmieri practice.