Estate and Trust Tax Preparation
Meicher CPAs stays informed on the most recent Federal tax legislation to assist in the preparation of estate and trust tax returns. The administration of estates and trusts can be tricky and knowing the available elections, distribution rules and filing deadlines is essential. We know that preparation of estate and trust tax returns is a highly specialized practice and have experienced staff members who can assist in every step off the process. We will analyze and identify tax planning opportunities in a manner that will preserve client wealth and minimize tax liability.
Trustees should carefully consider using experienced help in preparing the required fiduciary tax return forms and Meicher CPAs is your trusted partner to make sure these forms are filing both timely and accurately.
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. The experienced professionals at Meicher CPAs can guide you through the complex process of getting your financial affairs in order.
Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don’t have any complications to deal with during a time of loss and everyone should have a well-thought-out plan as to how to distribute the assets left in one’s estate so as to avoid complications and to be sure that the individual’s wishes are followed.
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, Meicher CPAs can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.
Along with your financial adviser, we can help guide you through tough decision-making processes such as asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, tax, estate, and business succession planning.
Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years. The road to retirement is a long one and we can help you to take the proper steps to reach your goals. Meicher CPAs knows that you need to begin planning early and that it is never too soon or too late to start or to improve on a retirement plan. We can help you formulate your plan or review and fine-tune an existing plan.
Whether you want to estimate your retirement income or retirement needs, determine the best strategies necessary to achieve your goals or want to know how to maximize your social security benefits, we can help you manage your retirement plan distributions to achieve the lowest tax impact possible.
Separation & Divorce Services
Divorces are generally stressful and difficult to finalize. A proper settlement in divorce preparation will always involve financial scrutiny and analysis in order to fairly divide the estate according to State law and practice. There are generally many tax issues that need to be taken into account in the division of divorce assets. Meicher CPAs can help you through this difficult time by providing you solid financial and tax divorce advice regarding personal vs. marital property, spousal and child support, valuing and dividing property, retirement and pensions.
During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies.
Professional representation can be vital during an audit, and our experience with taxing authorities enables us to guide clients in their dealings with federal, state, and local agencies. If you have been chosen for an audit or merely receive a notice or inquiry, the professional representation you will find with Meicher CPAs firm can help put your worries at ease. We are ready, willing, and yes, even eager to answer any and all questions the IRS or other taxing jurisdictions may present to you. We can not only help, but we take great pride in resolving issues and obtaining the best possible outcomes for our clients.
Affordable Care Act Compliance
The Patient Protection and Affordable Care Act (PPACA), commonly called the Affordable Care Act (ACA) or colloquially Obamacare represents the most significant regulatory overhaul of the U.S. healthcare system since the passage of Medicare and Medicaid in 1965. Compliance with the act can be confusing and our experience can assist you with making sure you are taking the proper steps.
ACA compliance is confusing for employers, but it can seem even more complicated for employees unfamiliar with new laws and forms. In addition to educating individuals on new forms, we can also review the requirements to provide them with the right information at the right time. The reporting may seem complicated and overwhelming, but if comes down to being prepared and having the right information.
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. However, this can also be a complicated and time consuming process. Meicher CPAs can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business. We can maintain a general ledger for you and provide a detailed trial balance or management-use statements monthly. We also provide a variety of resources on our “Financial Tools” page. Meicher CPAs uses QuickBooks and Peachtree platforms to implement bookkeeping and payroll services.
Sales Tax Preparation
Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.
Sales tax laws are constantly changing and it is sometimes hard for businesses to keep pace with these changing laws. In addition, state authorities are conducting more and more audits. As a result, assessments and fines to businesses are increasing substantially. Meicher CPAs can help. You may be diligent in paying sales and use taxes, but it’s easy to miss something.
Financial Forecasts & Projections
Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff at Meicher CPAs can assist you in achieving your company’s financial goals. Financial forecasts and projections are a critical component to a successful business plan. They are also very important in the budgeting process. Well-developed forecasts and projections provide management with the tools to help lead your business to profitability, and to identify and mitigate your business risks.
Whether we provide simple projections, complex financial modeling, or in-depth analysis, we assist our clients in assembling meaningful information as well as assist in giving successful presentations for securing equity or debt financing.
Today’s fraud schemes are more sophisticated than ever. White collar crime destroys companies, devastates families by wiping out their life savings, diverts funding for program services for nonprofits, and costs investors billions of dollars annually.
At Meicher CPAs we use accounting and auditing skills to provide an analysis of financial records in conjunction with dispute resolutions, as well as fraud and theft investigation. Our damage measurement methods can determine the extent of financial loss and illegal accounting practices.
Cash Flow and Budget Analysis
A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company’s financial condition, estimate financing requirements, and track cash-flow sources and uses.
Accounting Software Selection and Implementation
With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting one that is right for you has become increasingly difficult. As accounting professionals, we are exposed to most programs through trade journals and actual use. Our experienced staff can help you choose and implement the system that best fits your needs.
Management Advisory Services
Even the most qualified managers can benefit from competent, objective feedback. We can help your company’s management team develop long-term objectives and specific strategies to facilitate your business’ future growth and success.
Buying and 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. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.
Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company’s day to day operations. With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.
Fraud Prevention and Detection
We use accounting and auditing skills to provide an analysis of financial records in conjunction with fraud and theft investigation. Our damage measurement methods can determine the extent of financial loss and illegal accounting practices.
Litigation support involves the quantification of economic damages pursuant to existing or pending litigation using accounting and auditing techniques. We have experienced competent staff who can compile information efficiently to assist in the calculation and documentation of any potential economic loss or damages.
Pending or existing litigation can result in the need for a qualified professional to present his/her opinion to support or oppose evidence submitted to the court. Our level of competence allows us the opportunity to function as expert witnesses in such cases.