Our services

Trust & Estate Taxes

For years, we have been working with local trust and estate planning attorneys in preparing the tax returns for their clients. We also work with other CPA's who would like us to prepare a one-time gift or estate tax return for their clients.​​

The types of tax returns we prepare are:

  • Form 1041 - U.S. Income Tax Return for Estates and Trusts

  • Form 706 - U.S. Estate (and Generation-Skipping Transfer) Tax Return

  • Form 709 - U.S. Gift (and Generation-Skipping Transfer) Tax Return

Accounting & Business Management

Have you ever wondered:

  • How is your company truly performing?

  • Which products or services bring the most profits?

  • Where is the business going?

 

We can assist you in answering all those questions and provide actionable information on where and how to move forward. We get strategically involved in how you handle things like debt and equity and how you finance the company in the future.

For more information, please visit the website of our division Legal Thrive www.legalthrive.com.

Trust & Estate Taxes

 

PHONE CALL

Our process for preparing a trust or estate tax return starts with a phone call to our office.  Either Wanda or Margaret will ask you some basic questions, get some general information and schedule the “Intro Meeting.’

About one week after the phone call, you will receive an INTRO Letter which explains the objective of the INTRO Meeting and requests that some documents be brought to the Meeting.

INTRO MEETING

The purpose of the intro meeting is to evaluate your circumstances and give a price estimate for completing the return.  You should walk out of the Intro Meeting with a list of documents that are required to complete the return and a good idea as to how much we are going to charge.

SET-UP

You can notify us of your decision to move forward via email or give us a call.  Once we get the go-ahead, we will send out an engagement letter, set you up in Smart Vault (our electronic file transfer and retention system) and get thing set-up in our tax software.

PREPARATION

Once we receive all of your documents we can get started on the return; we do this so we can keep a lid on the price.   For less complicated returns you can expect a turnaround time of about 2 weeks, for more complicated returns it can be anywhere from 1 to 2 months.

WRAP UP

Once we get done with our work, we send it out to you for your review.  After your review, we prepare the return for filing.  Some returns can only be paper filed and some need to be electronically filed. 

Accounting & Business Management

We work exclusively with Professional Service Companies. There are a few steps in our process.

For more information, please visit the website of our division Legal Thrive www.legalthrive.com

EVALUATION

DESIGN

IMPLEMENTATION

FOLLOW-UP

We start with the Evaluation of your firm's existing financial and operational systems. We interpret and transform the data into an analysis which will provide consultation and support to the management.

 

Based on our analysis we Design system controls for new financial and operational systems and develop procedures to improve existing ones. Using financial data analysis, we identify areas where business can reduce tax, improve efficiencies and increase profit.

We assist in the development and Implementation of goals, policies, priorities, and procedures relating to improved financial systems and data. We ensure that implementation is successful and effective.

We Follow-up and Monitor monthly close process, ensure all systems aligned and effective, review and finalize annual year-end closing information, and engage regularly with clients and maintain strong relationships.