Accounting & Tax Services

Tax Planning for Big Savings

Would You Like to Shrink Your Yearly Tax Burden?

Our Proprietary Plan Will Minimize Your IRS Liability.

Our tax professionals focus on mastering the nuances of tax law, complex tax codes and staying up-to-date on changes that will affect your tax returns throughout the year.

We do this because we know that planning is the key to valuable tax savings and we want to help you plan for greater income by implementing tax savings strategies throughout the year that will benefit you all year long.

Our clients pay the least amount of taxes allowable by law because we help them look for ways to minimize their tax burden.

Let Us Help You With Your Tax Planning!

Did you know, for instance, that you can…

• move your income into lower tax brackets by splitting income among family members or legal entities.
• shift income and/or expenses to different years in order to best take advantage of lower rates.
• defer tax liability through some types of investment options.
• avoid tax liability through some types of investment options, both on the federal and state level.
• increase your tax deductions by purchasing things that you enjoy.

These, and other Tax Saving Strategies will help you:

• benefit from the growth and savings of your own assets by keeping them out of the government’s hands.
• reduce taxes on investments so that you can grow your money quicker.
• keep more of what you make by reducing your taxed income.
• defer income in order to keep your money now and pay your taxes later.
• understand estate taxes and planning so that your family gets to keep more of what you make.
• give money while reducing taxes to maximize your giving potential.
• plan for retirement in ways that best benefit you rather than the IRS.

When you become our client, you are paying for a tax planning service that will pay you back. Most of our clients experience tax burden relief, as well as time saved and peace of mind. Our fees are often paid back through the reduced tax liability you will enjoy as part of our planning and legitimate tax savings strategies.

Estate & Trust Planning

We remove the uncertainty and provide you the confidence that your estate is protected and will be administered according to your wishes.

At our CPA firm we are personally committed to helping you navigate the financial and sometimes emotional components of Estate and Trust Planning.  Estate gifting options are also available.

We are experts well educated on the intricacies of gifting rules to ensure you are protected and maximize your gifting. We provide comprehensive wealth management and asset protection services for U.S. and international families in need of help.
 
Many of our clients are family owned businesses. For this reason, we are particularly proficient in helping families equitably transfer wealth of family businesses. We’ve been doing it for over 30 years and work to ensure your wishes are accurately carried out.

Our Estate and Trust Planning CPA service offerings include:

• Estate tax planning
• Estate tax preparation
• Estate Administration
• Estate Gifting
• Trusts — irrevocable, marital, living, and land trusts
• Trustee services
• Charitable Giving
• Gift Planning
• Trust Planning
• Retirement planning
• Asset protection
• Corporate executor services

‘Part Time CFO’ Services (Membership Retainer Plans)

You Get All the Benefits of a Full-Time CFO…At a Part-Time Price!

At some point, your business will reach a point where it would benefit from the advice of a full-time Chief Financial Officer, but you won’t quite be ready to spring for the near $100,000 price tag (plus bonuses and benefits).

Congratulations if your business has reached this point!

We are pleased to be able to offer you the benefits of a CFO without the hefty price tag. Our part-time CFO services provide you that valuable financial advice at a fraction of the cost – a perfect bridge for this stage of your company’s growth.

With our part-time CFO services, you can expect to see…

• increased ease at knowing an expert is on the team overseeing and protecting the financial side of your business
• more time to focus on your business growth – developing new services, attracting new customers, and dealing with other core business issues.
• an enhanced understanding of the financial side of your business, giving you the power to manage the hard and true numbers of your financial picture to obtain the best benefit for your business.
• an expert to help guide you through tough business decisions and to help you clarify your business plan.
• a specialist who will train and manage your accounting staff, leaving you with one less aspect of the business to absorb your valuable time.
• enhanced budget preparation and monitoring.
• profitability analysis per type of products and service lines your business offers.
• tips and strategies for saving on taxes.
• assistance in long-range planning and the development and prioritization of goals.
• better cash management.
• a dedicated member of your team to interact with bankers, attorneys, vendors, etc.
• someone to review and negotiate everything from insurance policies to financing options and rates.
• the development of accounting procedure manuals.
• implementation of collection advice policies and procedures.
• analysis of everything from equipment purchases to expansion plans and mergers and acquisitions possibilities.

Clean and Simple Cashflow Management

In this Economy "Cash is King"… We’ll Make Sure You Are Positioned Right.

Understanding when, where, and how your cash needs are being met is crucial to owning a successful business. If your cash-in exceeds your cash-out, life is good. When cash-out exceeds cash-in, however…

Our cash flow management services will help you conquer cash worry once and for all. We will help you identify your cash needs, with a solid understanding of when and how they will occur, as well as show you how to build good relationships with banks and creditors so that you have resources available to you when that crash crunch occurs.

Our cash management services will benefit you by…

• helping you develop a cash flow projection. We can show you how to manage daily cash through short-term (weekly, monthly) cash flow projections, as well as how to develop the necessary capital to manage your long-term (annual, 3-5 year) needs.
• developing historical cash flow projections so that you can see exactly where your cash has gone, learning where you can better utilize your cash for future action.
• helping your business through the development of accelerated collection techniques.
• tips for receiving the maximum rate of return on any idle cash.

Strategic Business Coaching

More Than Just a Tax Return Service…

We Will “Take You By The Hand” in Every Aspect of Your Business.

Without a blueprint, it is very difficult to know what you are building. For the successful business, a Strategic Business Plan is instrumental to making sure your company has clarity of direction, a unified vision, and that all key members and employees have the proper focus on the tasks at hand.

Our Strategic Business Coaching Services help you develop the Strategic Business Plan that will assure your business moves forward and succeeds. In developing the Plan, we help you break your company down into the core components. How is the company defined? What are your products? Who are your competitors? How will the company be managed? What are the processes for ensuring financial health and approaching business risks?

You will benefit from our Strategic Business Coaching services if…

• You are starting a new business or enterprise.
• You are expanding a current business, or adding a new product or service to an existing business.
• You are buying a business, product, or service.
• You are trying to turn around a failing business.

Strategic Business Coaching will help you identify the weak spots in your Business Plan or plan for any elements that you have not previously addressed. In order to push your business to the next competitive level, you must…

• Identify your target population, product or services, and the advantages you offer over your competitors.
• Fully research the ways the need you have identified is currently being fulfilled.
• Gain an understanding of the market, develop campaigns and timelines for promoting your business, and project the results of such campaigns.
• Formulate a plan for staffing your business, including an identifying set of skills and expertise that will be required to secure the future of your business.
• Complete management plans and systems required to run your business.
• Outline financial necessities, including start-up costs, operating costs, income projections and analysis.
• Identify all building and equipment needs.
• Create timelines for all current or initial products as well as projected projects.

A solid Strategic Business Plan will not only help you to obtain financing for your business, it will help to assure that all your bases are covered as you begin or continue your venture.

Internal Systems for Your Business

Discover How Our Systems Can Free You to Work ON Your Business… Not IN Your Business.

We can help you help your business by providing an objective review of your internal control systems and determine the efficiency and effectiveness of your operating procedures.

Among the corrections we might help you make…

• Segregate duties in order to reduce risk of error or inappropriate action. This involves making sure that no one person has control over all aspects of any single financial transaction.
• Ensuring that all transactions are handled by a delegate with approved authority to handle such transactions.
• Put systems into place which create a process where all transactions are reviewed and reconciled by someone other than the transactor.
• Assure physical safety of all equipment and introduce periodic counts to compare equipment, inventory, cash and other property are consistent with that on record.
• Implement job training for all employees and make sure that employees have the knowledge and resources to carry out their job duties, are provided with an appropriate amount of supervision, and are aware of the channels for reporting potential problems.
• Documentation of all policies and procedures that are accessible to your employees and the procedures for continued guidance and training regarding these procedures to address employee turnover or prolonged employee absence.
• A consistent review of operations to determine that results are consistent with objectives and goals.

Plan for Your Succession

WARNING: Passing Your Business to a Family Member or Associate Can Be a Risky Proposition.

7 out of 10 family owned businesses will not survive the transfer of the business from one generation to another. Lack of planning and discomfort discussing topics such as aging, death, and financial affairs will more often than not result in loss of a business due to estate taxes, family discord, or some combination thereof.

If you want to assure that the business you worked so hard to build will be there to support future generations, you must clarify your plans for succession and finalize, as well as legalize your priorities.
 
Get professional advice for dealing with these key issues and more…

• What will happen to your business? Do you wish to keep it in the family, sell it to a third party or pass it on in some other manner? We can help you weigh the advantages and disadvantages of each of your options, as well as help you determine how the business can best provide for you as you enter your retirement years.
• If you are not running the business, who is? Ownership of the business and management of the business are often two distinctly separate entities. How will your retirement or death affect the day-to-day decision making of how the business is run? Will your children take active roles in the running the business, or will they exist as owners only? Clarifying your expectations in legal terms and making these decisions in advance will help ease the transition of ownership, as well as management, without further risk of detriment to the business as a whole.
• How can you minimize the tax burden upon transfer? When businesses transfer ownership, taxes are a reality regardless of the relationship between the parties. Review your options with an expert in the field in order to make the decisions that will best support your family members and the business.

Remember that inherited assets, such as family businesses, are often the cause of tremendous emotional strain and stress for individual family members. It is best to address any actions that might be seen as fair or unfair ahead of time, so that family members know what to expect and why you are making the decisions that you are making.

They may not realize, for instance, that the tax implications of inheriting a business might be more burden than they could financially handle or that decisions involving management vs. ownership have been taken into account.

Contact us about our Succession Planning Services to determine the value of your business, before restructuring your business, to review the tax consequences and tax projections of your actions, and to help you plan for retirement.