Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized, and quality service that is beyond comparison. Below we have listed the services that we offer to our 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. If it is not a service we provide, we would be more than happy to refer you to a qualified professional.
Individuals
Tax Services - Preparation and Planning
The bottom line on company taxes: Maximize profits while minimizing tax liabilities… easy to say, but hard to accomplish. Add constantly changing tax regulations to this equation, and filing the company’s tax return can be a confusing, even intimidating proposition.
SKMB, P.A. will help you negotiate the maze of complex tax issues that confront your business. Our principals and associates utilize the latest on-line technology to stay current on tax regulations. We have the expertise to take advantage of opportunities to reduce your company’s tax liability… and we’ll be there to back you up in an audit.
Competent tax advice and preparation is a critical part of your business’ operation. Trust the tax professionals at SKMB, P.A.
SKMB, P.A. Tax Services:
- Tax planning and strategies for individuals and businesses
- Audit representation for income, employment, and sales tax
- Tax projections
- Real estate issues
- Acquisition, liquidation, and merger
- Pension and profit sharing plans
- Tax preparation
Financial and Retirement Planning
The milestones of our lives requires a financial strategy. Births, marriages, home purchases, education, parental support, retirement and even death benefits are issues that we must all inevitably face. Sometimes we plan for them, and sometimes they catch us by surprise. It is important to develop an economic framework for these events in our lives.
Just as these events span our lifetime, effective financial planning requires a lifelong commitment. We all want a good education for our children… and we want financial independence in our retirement. None of this happens overnight. The road to economic security is paved with regular planning and investments throughout our lives.
With a Certified Financial Planner™ on staff we at SKMB, P.A. will review your current financial status and make suggestions for achieving short to long-range goals. With college tuitions spiraling upward, we’ll develop a workable plan for financing your children’s higher education. We’ll provide recommendations for tax, retirement, and estate planning so that you and your family will have the opportunity to enjoy the good life.
Businesses
Tax Services - Preparation and Planning
The bottom line on company taxes: Maximize profits while minimizing tax liabilities… easy to say, but hard to accomplish. Add constantly changing tax regulations to this equation, and filing the company’s tax return can be a confusing, even intimidating proposition.
SKMB, P.A. will help you negotiate the maze of complex tax issues that confront your business. Our principals and associates utilize the latest on-line technology to stay current on tax regulations. We have the expertise to take advantage of opportunities to reduce your company’s tax liability… and we’ll be there to back you up in an audit.
Competent tax advice and preparation is a critical part of your business’ operation. Trust the tax professionals at SKMB, P.A.
SKMB, P.A. Tax Services:
- Tax planning and strategies for individuals and businesses
- Audit representation for income, employment, and sales tax
- Tax projections
- Real estate issues
- Acquisition, liquidation, and merger
- Pension and profit sharing plans
- Tax preparation
Estate & Trust Services and 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. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
Passing on the assets of your estate to your heirs is a matter of family pride, dignity, and tradition. Unfinished financial matters will burden the survivors during a time of grief… and disputes between beneficiaries can often have a wounding effect on family ties. Today’s senior citizens are living longer, having fuller lives, and making financed purchases at a later age than ever before. Because of this trend, surviving heirs frequently find themselves settling large debts on real estate and consumer commodities.
SKMB, P.A. understands the delicate nature of estate and trust planning. We have years of experience in implementing our clients wishes for their heirs.
Don’t leave a legacy of financial disorder. Let SKMB, P.A. provide you with a plan… so you can provide for your family.
SKMB, P.A. Estate and Trust Services:
- Planning asset distributions to your heirs, while minimizing taxes
- Estate planning
- Charitable trust management
- Estate plan implementation
- Providing proper liquidity to pay obligations
- Estate plans that will minimize disputes among beneficiaries
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. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.
Business Valuations and Litigation Support
Business Valuations and Litigation Support
Edward Bortnick is our Certified Valuation Analyst, Certified Fraud Deterrence Analyst, and Certified Forensic and Financial Analyst and heads SKMB, P.A.’s Exit Planning, Litigation Support and Valuation’s Services Practice. We have valued over 150 businesses and have testified in circuit court. Federal district court, and federal bankruptcy court.
Financial Reports and Bookkeeping
Financial Reporting Services and Audits, Reviews and Compilations
Documentation of your organization’s financial strength is a fundamental tool for arranging additional financing, making public offerings, and acquiring investors. In some businesses, it is an essential element in bidding on contracts and submitting proposals.
The company’s economic viability is frequently factored into project award decisions. The credibility of the organization and its management are dependent upon accurate statements detailing its asset management.
SKMB, P.A. has a solid background in the comprehensive reporting of organizational financials. We don’t just report the numbers… we analyze them and tell you how your company can improve it’s cash flow, improve productivity, and increase your control over assets. Our financial reporting will be valuable to your organization as an internal analysis instrument, as well as a credible audit presentation to people outside of the company.
SKMB, P.A. are the ones to look to when you need accurate reporting and concise analysis of your organization’s assets.
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency. We provide financial reporting on all three levels of assurance:
- Audit: an intensive examination with the highest level of assurance
- Review: some analytical procedures conducted with limited assurance
- Compilation: based upon client information provided and used primarily for internal use
Bookkeeping
We assist clients with monthly, quarterly and year end bookkeeping, catering to what each client needs.
- Account reconciliations
- Payroll
- Prepare books for internal management reports and annual tax return
- Data entry
Wealth Management Services
Wealth Management Services
Along with Henry Meadows being our firms Wealth Management advisor, we partner with an Investment Professional.
For more information on this service, please contact us directly at (301) 468-7700.