We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following are just a few of the areas in which we provide consulting services:

Business Entity Selection

Choosing the form of entity for your business is a crucial decision that can have longstanding tax implications both positive and negative. Reasons include but are not limited to: lowering or controlling your income taxes, protecting your personal assets and reducing risk from creditors. There are several business entity selections you can choose from and each of them has advantages and disadvantages related to income taxes and with the day to day operations of the business. Some of the most common are S corporations, Limited Liability Corporations (LLC) and partnerships. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.

Business Succession Planning

Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company’s day to day operations. With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.

Buying or Selling a Business

We will work with you to either develop or review your existing buy-sell agreement. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.

Estate Planning & Administration

Estate planning is about more than having a will or trust. It is about having the appropriate strategies in place to enable the transfer of your assets to the intended recipients with the least amount of difficulty, administrative costs, and tax liability. Estate planning may also mean exercising a gifting program while you’re still living. With so many changes in estate tax law over the past decade, it is important to have a plan in place.

As an executor or trustee you are considered the Fiduciary. The Fiduciary is obligated to account for all assets, expenses and other financial matters related to an estate or trust.

Our Fiduciary Accounting services include:

  • Tax planning to minimize taxes for an estate, trust or beneficiary
  • Ensure guidelines outlined in the trust instrument are being met
  • Calculate fiduciary commissions
  • Allocate assets and transactions for beneficiaries and prepare schedules
  • Record and classify receipts and disbursements for tax and accounting purposes
  • Record capital changes
  • Allocate transactions between principal and income
  • Our estate administration specialists have an in-depth understanding of the related tax and probate laws, which is critical to planning and managing estate administration.  By appointing us as an experienced, neutral third party to manage your estate, our professionals will help to locate, transfer, safeguard, manage, or liquidate your loved one’s assets.  Our services also include coordinating with attorneys, financial advisors, valuation specialists, and other advisors as needed to ensure an efficient and effective administration process.

Financial & Retirement Decisions

Financial Planning: A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.

Retirement Planning: Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and throughout your retirement years.

Pension & Profit Sharing Plan Selection 

Qualified retirement plans including but not limited to, defined-contribution or defined benefit plans, Keoghs and SEPs can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.

Internal Accounting Controls

An entity’s officers or management are responsible for establishing and maintaining an effective system of internal accounting controls.  Internal controls are the policies and procedures designed to protect your assets, identify risk, facilitate accurate financial reporting, and assist in achieving your mission as a business or organization.  Our hands-on approach to internal control assessment enables us to advise you as to the best practices for establishing and monitoring this system of checks and balances.