My firm offers a wide range of services to individual and business clients. Below I have listed the services that I offer to my clients along with a brief description.
As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed.
Tax Services
Tax Services
I prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, I am in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities.
Tax services offered include but are not limited to:
- Transaction analysis and planning
- Development of short and long term tax minimization strategies
- Tax planning & return preparation for all entities including:
- Individuals
- Corporations
- Partnerships
- LLCs/LLPs
- Estates and trusts
Tax Preparation
Although planning provides the framework for return preparation, there are important elections and choices available when a return is prepared to reduce the income tax bill.
My significant investment in computerized tax preparation and research software enables me to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations. Tax returns for all states can be prepared in my office.
IRS Representation
With over twenty five years of experience dealing with many taxing authorities, I can ensure my clients they are being properly represented before the various federal and state tax agencies. In most cases it is unnecessary for my clients to ever come in contact with these agencies or their representatives. Services Include:
- Verification of penalty assessments, negotiations regarding tax deficiencies,
- Offers In Compromise,
- Delinquent Income Tax Return Filing,
- Lien Subordination.
Consulting Services
Estate Planning
Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. It also requires prioritization of personal goals, income tax, and future estate tax liabilities. For business owners, providing for business continuity and succession of ownership is essential. I can assist you through the complex process of getting your financial affairs in order.
Consulting Services
Analysis of the financial statements provides a foundation to identify strengths and weaknesses. I can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. I strive to provide comprehensive, flexible strategies that address the issues affecting your business. The following is just a few of the areas in which I provide consulting services:
- Profitability Studies,
- Lender Introductions and Financial Reporting,
- Negotiating Loan Terms and Covenants,
- Real Estate Financing,
- Accounting Personnel Search and Screening.
Buying & Selling a Business
Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. I can guide you through all phases of the acquisition (disposition) process by addressing such issues as negotiating and structuring the deal, cash flow analysis, tax considerations, due diligence requirements and the drafting of the letter of intent and closing documents.
Business Entity Selection
Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. I can help you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.
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, I can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.
Accounting Services
Financial Statements
I provide reviews and compilations of financial statements as provided for in the AICPA professional standards. A review is normally sufficient to satisfy lender requirements.
Cash Flow & Budgeting Analysis
A business can be profitable and still run into trouble due to cash flow issues. I can assist you in forecasting and evaluating your company's financial condition, financing requirements, and cash-flow sources and uses.
Other Services
Litigation Support
Litigation support involves the quantification of economic damages pursuant to existing or pending litigation using accounting and auditing techniques. I frequently assist attorneys in reviewing and summarizing financial information to assess its validity and to organize detail into clear summaries which identify the key factors.
Miscellaneous
Tax Planning & Consulting
Income taxes are a significant expense for all profitable entities. Through communication and an understanding of the facts and the law, the expense of income taxes can be controlled and minimized. I have assisted clients in structuring transactions for the maximum tax benefit for over twenty five years. Whether the transaction is a sale or the division of assets in a divorce, there are different alternatives available to achieve financial and business goals. While the end is the same, some choices are much more expensive in terms of the tax cost. By helping them understand their tax situation and choices, I help my clients maximize the amount of after tax dollars available to meet their business and personal goals.
CFO Services
It is not cost effective for small to medium business to hire a full time CFO because their accounting needs are straightforward and detail oriented, not analytic. For these companies I provide the benefit of an on call CFO with over twenty five years of experience advising clients in diverse industries.
Services Include:
- Quarterly general ledger review and adjustments,
- Budget preparation and tracking,
- Participation in management team meetings,
- Development of financial information to meet owner, investor, and lender needs,
- Marginal costing models to identify cost reduction and expansion opportunities,
- Identification of outdated compensation and expense policies resulting from growth or downsizing,
- Shareholder Buyouts,
- Partnership Dissolutions.