Professional Services

Advanced Income Tax Preparation

We understand the complex tax issues faced by professional practices and the high-net-worth individuals who own such practices.  Assisting clients with tax preparation and compliance issues is an integral part of the services provided by our highly trained professionals. More importantly, we focus on tax planning and implementation of strategies, with the objectives of minimizing taxes, eliminating penalties, avoiding “surprises”, and servicing our clients’ individual and unique needs.  With proper planning, we can tackle complicated issues upfront and timely inform our clients of their tax liabilities so they fully understand their cash flow requirements, which helps them achieve their financial goals and provides peace of mind.

Ownership Transition

Whether you plan to sell your practice outright, execute a partnership buyout, are working through a divorce, or slowly turn over daily management duties to your partners, we can help you with the transition process.  Our Certified Valuation Analysts can help you determine the value of your practice. It’s critical that a proper sales price be determined when either buying or selling ownership in a practice.  We work directly with you, your partners, and staff to collect all of the necessary historical information to understand your practice.  Our team of professionals has the diverse expertise to value your practice and evaluate the tax consequences associated with your transaction.

Practice Valuations

No one wants to pay too much or receive too little for their investment. A business valuation can provide consensus during a business transaction by providing confidence and comfort to each party regarding the value of their investment.  Our Certified Valuation Analysts work with your professionals including attorneys, appraisers, bankers and accountants to facilitate achieving your valuation needs.

Compensation Analysis

Comparing your staff compensation to fair market values can help keep your practice remain competitive and help retain talent.  Our experienced CPAs can provide objective analysis for benchmarking and proper structuring.  An additional reason for compensation analysis is related to shareholder-employee salaries.  In the case of an S Corp, it is extremely important to avoid what could be seen as "unreasonable compensation" by the IRS.

Equipment Purchase vs. Leasing

One of the most efficient ways to grow a practice is to implement new technologies.  Once you decide on the suite of technologies that will best suit your needs, should you buy or lease this new set of tools? What are the tax advantages of each?  Can you take advantage of accelerated depreciation? Our CPAs can help you decide the best path forward to acquire the technologies that your practice plans to implement.

Fraud Detection, Prevention & Investigation

Our firm has created a "Fraud Unit."  This Fraud Unit consists of an experienced team of CPAs specifically trained in fraud with CFE and CFF designations. Certified Fraud Examiners and Forensic Accountants are dedicated to assisting business owners, attorneys and law enforcement in the detection, prevention and investigation of Fraud.

If your practice could use help with any of these services contact one of our Certified Public Accountants today.

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