Integrated Tax and Financial Planning
Part of the overall goal of financial planning is to structure an individual’s available financial resources to increase wealth or produce cash flows. This goal may not be possible to achieve if the tax consequences of implementing a new plan or managing an existing plan are not properly considered. Tax considerations impact or influence virtually every aspect of a financial plan. Loan terms, investment types, the kinds of insurance forms of ownership, and funding retirement – all of these decisions must be made with consideration for the tax implications.

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• Tax Return Preparation
  Our firm offers a full range of tax planning and compliance services. We will work with you year-round if necessary in order to minimize your total tax burden. Our firm also prepares all federal, state and local tax returns for individuals and businesses.

Investment Planning
The number and variety of investment vehicles are ever changing, and numerous factors such as inflation, interest rates, government regulation, tax laws, and economic indicators also affect investment planning decisions. Fortunately, there are some well-founded investment planning concepts on which we can build a logical, although not foolproof, approach to your investment plan.

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• Risk Management and Insurance
  Risk, by definition, means the possibility of multiple outcomes, some of which may not be favorable. Risk management is an area of financial planning that addresses the need to guard against the unexpected. Although risk management is not frequently at the top of our clients’ list of objectives, it is a fundamental part of financial planning. All the best-laid investment strategies and tax-saving maneuvers are for naught if clients are not properly prepared should a catastrophe strike.
   
• Retirement and Financial Independence Planning
  Retirement planning or planning for financial independence is an important aspect of personal financial planning. Through retirement planning, clients define their goals for quality of life after their working years. They measure their ability to meet their goals and select strategies for improving their progress. Some clients may need to lower their expectations about their retirement lifestyle or select riskier investment strategies to achieve their ambitious goals. Others may find they are on target or ahead for their stage of life. Still others, particularly younger clients, may have to postpone implementing retirement strategies because of financial pressures and more pressing priorities.
   

Accounting and Financial Statement Preparation
Our Firm offers a complete range of accounting services, including receivables, payables, and payroll management. We prepare financial statements in accordance with Generally Accepted Accounting Principles (GAAP) for use by banks, investors, and other third parties. Our firm will also prepare custom financial reports for internal, managerial use.

• Cash Management and Budgeting
  Personal cash management is similar to the cash management functions performed by a treasurer of a corporation. The purpose of cash management is to ensure that our clients have enough cash and other liquid assets to conduct ongoing family operations, to have an adequate emergency fund to meet unforeseen contingencies, and to prevent illiquidity from becoming a problem
   

Business Succession Planning
Stop wondering if and how your business will continue without you there. As experts in business succession planning, our firm can suggest many courses of action to provide assurance that your business will enjoy a smooth continuance and that your heirs and business associates will be well protected.

• Business Valuations
  Business valuations are performed for a variety of reasons, including the following: A) The selling of a business, B) The buying of a business, C) Divorces, D) Buy-sell agreements, E) Estate Planning, F) Obtaining financing, etc.
   
• Business Strategies
  Develop a business model that will assist in maximizing your business profits. This is a function of providing your business with cost-effective advice and assistance to efficiently use your resources to achieve your specific goals.
   
• Planning for Closely Held Business
  A financial plan can provide a variety of services for owners of closely held businesses. These range from comprehensive tax and financial planning in all aspects of individual and personal financial affairs to engagements with limited scope. Services typically of use to business owners include: (1) business valuations, (2) review of buy/sell agreements, (3) developing an investment plan, (4) planning for the education of children, (5) retirement from the business by a certain date and (6) estate planning.
  
  *Asset and Wealth Protection
  Protect your hard-earned wealth from lawsuits, divorce, and other threats. Consider protecting your assets with the benefits of retirement plans, life insurance, annuities, section 529 plans, Family Limited Partnerships, Limited Liability Corporations, domestic trust, and offshore trusts.
   

• Estate Planning
  Most aspects of financial planning deal with accumulating financial resources for specific lifetime purposes. In estate planning, the focus is on the efficient preservation, management, and distribution of those resources in accordance with the clients’ wishes.
   
• Education Planning
  The increasing costs of higher education have made education planning an important aspect of personal financial planning. Frequently, education planning does not receive proper attention from clients because they are counting on scholarships to cover the cost. Others procrastinate, as they do with retirement planning, because the actual expenditure may not be incurred for many years and is a low priority. Often, the clients have made a mental commitment to a certain standard of education for their children but have done very little planning for the day when the tuition bill arrives. This tendency by clients to postpone the issue may eliminate several education planning strategies that offer opportunities for financial gain when implemented early.