Services
If you’re looking for a firm that will focus on your individual needs, and always treat you like a client who matters, look no further. Our firm is experienced enough to offer a full range of professional services, and dedicated to give you the individual attention you deserve.
By combining the knowledge, skills, and experience of both the Certified Public Accountant profession and that of the Attorney-At-Law profession, we are able to provide comprehensive guidance and execution to your income tax planning & compliance, your estate planning (including preparation of Wills, Trusts, & Powers-Of-Attorney), your business law needs (purchase/sale of business, employment contracts, customer contracts, etc.) and many other technical areas. Our clients express their gratitude and relief that they are able to complete these tasks by dealing with one firm rather than multiple firms.
We will thoroughly and conscientiously study your personal and/or business situation, and tailor our advice to your specific needs.
Accounting Software Selection & Implementation
There is no shortage of accounting software solutions for your business. Software as a service (SaaS), cloud computing, and other technological innovations are adding more dimensions to technology decisions. Choosing the right solution that will meet the needs of your business now and in the future while also providing a necessary level of security is crucial. We can analyze the nature of your business and financial transactions, current technology, future business plans and emerging needs to identify and implement a software solution that is flexible enough to grow and change with your business.
Back Taxes Owed
We will assist you in resolving your problems with unpaid prior taxes. We assist in the preparation of an Offer-In-Compromise to settle the outstanding balance at a reduced amount if possible. We can also work to eliminate tax liens, tax levies and wage garnishments.
Bookkeeping/Write-Up
If your business does not currently have accounting staff or if your business is outgrowing its current bookkeeping system, we can provide comprehensive bookkeeping and write-up services to ensure the smooth operation of the financial side of your business. As your business needs grow and change, we can provide input and planning assistance to make sure your accounting and financial systems keep pace with your business needs.
Business Consulting
As a true business partner, we are available to help you deal with any business problem or opportunity. We stand ready to engage in business consulting projects to help you make the right decisions for the future of your business. Whether you face questions related to expanding, selling or restructuring your business, we have the necessary business acumen and analytical capabilities to help you make the right decisions.
Business Contracts
We help our clients with the myriad of legal agreements necessary to succeed in today’s business world. We consult with you in drafting the appropriate documents, such as Covenants-Not-To Compete, Employee Contracts, Buy/Sell Agreements with partners or employees, phantom stock plans, restrictive stock agreements, etc.
Business Entity Selection
The business entity — LLP, LLC, sole proprietorship, partnership, S Corporation, C Corporation, etc. — that you select for your business has enormous financial, legal and tax implications. It is important that you make the right decision. We can explain each choice and its implications, including the tax and legal effects and the advantages/disadvantages of each. As your business grows and changes, the type of business entity you choose may need to change also. Once the decision as to entity type is made, we can work with the Secretary of State (if needed) to establish that entity as well as complete all the other related legal documents (Partnership Agreement, Board Of Directors’ Resolutions, Corporate By-Laws, etc.)
Buying or Selling a Business
Few business decisions are more important, complex and potentially business altering than a buy or sell decision. When you are ready to purchase a business or sell your business, we can provide support at every step, including valuing the business, vetting potential buyers/sellers, and supporting due diligence. If such an opportunity presents itself, we can help by providing valuation services, developing negotiation and financing strategies, and managing the due diligence process. Once the buy or sell decision is reached, we can prepare all the legal documents and agreements necessary to complete the transaction.
Estate & Trust Tax Preparation
Estate matters affect everyone. The preparation of income tax returns for estate and trusts can be very technical and confusing since complex laws and intricate court decisions affect these returns. We understand these complexities. Likewise, we are experienced at preparing any necessary estate tax returns for an estate reporting the assets & liabilities of the decedent at the time of death. We are available to handle all estate and trust tax-related matters.
Financial Analysis
When a business is able to undertake strong financial analysis, it opens up new opportunities to improve management, planning and decision making. Financial analysis provides the numbers to support, reject or contemplate a course of action. Prospective analysis can show how situations may evolve under various scenarios, providing a new dimension to decision making. We are ready to provide this type of financial analysis to support the continued prosperity of your business.
Financial Statements
Financial statements are an important tool for management decision making. Financial statements also represent your business to lenders, partners, potential buyers and other interested parties. We will work closely with your key personnel to develop and finalize accurate and timely financial statements.
Gift Planning
We will assist you in establishing a comprehensive gifting program to assure that your estate goals are met. We will consult with you on the possibilities of establishing such tax-advantaged instruments as educational trusts, irrevocable life insurance trusts, Medicaid trusts, generation skipping trusts and other planning techniques. We also review such prior arrangement to determine whether changes in strategy are warranted.
IRS And State Examinations & Collections
An IRS or State audit can be an intimidating and complex process. If you or your business face such an IRS or State audit, we can bring to bear years of experience in dealing with tax matters and the audit procedures to ensure that you are properly represented when dealing with the IRS and other tax authorities.
Management Advisory Services
Our Management Advisory Services focus on improving the efficiency and effectiveness of your business and its operations. We can provide support in business planning, mergers, acquisitions, and other advisory support. Contact our office to learn about the full range of services we provide.
Medicaid Planning
We guide our clients by recommending re-titling of their assets, preparation of trusts, and structuring asset transfers to ensure the best possibility of being accepted into the Medicaid program. We create trusts, structure transfers of assets and convert countable assets into exempt assets to ensure eligibility and preserve a family’s resources. We also strive to protect a family home from Medicaid recovery. In addition, we develop plans to structure finances to ensure a healthy spouse has adequate income and resources to continue living independently during and after the time when their partner is receiving care assistance.
Payroll Services
Constantly changing federal, state and local laws and tax regulations make payroll management an ongoing challenge for business owners. We are well versed on these laws and regulations. We can proactively alert you to material changes that will affect your business and your employees while also keeping payroll running smoothly no matter how large your business and your employee population become.
Powers-Of-Attorney – Healthcare And Property/Financial
We work with our clients to prepare the two forms of Powers-Of-Attorney. Healthcare Powers-Of-Attorney are necessary so that your wishes with respect to the degree and level of medical care should you become unable to make such decisions yourself are followed and also allow for the appointment of someone you trust to make such decisions under the parameters you provide in your Powers-Of-Attorney. Financial Powers-Of-Attorney are necessary to appoint someone to stand in your place and pay your bills / execute your financial matters when you are disabled or are otherwise unable to do so.
Retirement Planning
Retirement planning is critical in these uncertain times. Whether you are developing a retirement plan for yourself or choosing a retirement plan to offer to your employees, we can help you evaluate the available options. Our focus is on helping you to make the choice that is most appropriate for your own financial situation. If you are choosing a retirement plan for your business, we will base our recommendations on the unique characteristics of your business and your employee population, as well as the legal and compliance issues related to each type of plan.
Sales Tax Services
State and local tax authorities are looking to maximize sales tax collections. We can help you understand and manage your sales tax obligations and prepare sales tax returns in an efficient and timely manner.
Tax Preparation & Planning
Effective tax preparation and planning can help you to minimize your future tax liability. We can help you proactively manage both your personal and your business tax issues, including understanding how upcoming business opportunities impact your tax status and vice versa. Not all tax planning opportunities are readily apparent. By having us on your team, you are more likely to benefit from those opportunities. We understand how the latest federal, state and local tax legislation and other developments affect you and your business and we are constantly identifying new ways to reduce federal, state or local tax liabilities. We ensure that all tax strategies consider the effects that implementation of any planning move have both on your business and you at the individual level.
Unfiled Tax Returns
We assist new clients with the complex problems which arise when tax returns have not been filed for multiple prior years. Our assistance includes not only preparing the delinquent tax returns, but working with the tax agency to minimize penalties, structure a payment plan, and, where possible, negotiate a reduced settlement.
Wills And Trusts
It is imperative that every person have a comprehensive estate plan including the creation of a Will and, likely, a Trust. Failure to do so results in your estate plan being established by your resident state. This could result in excessive probate fees & costs, assets passing to heirs that you would not have so designated, and assets passing to individuals before they are able to handle such matters without adverse effects. We will thoroughly discuss with you your desires and wishes for handling your assets at your passing and how best to structure such transfer. We will work to minimize any estate or inheritance taxes, probate fees, or other expenses to the estate. Such planning also helps to minimize family discord arising from transfers which have not been constructed to reflect the desires of the decedent.