Our Services

Accounting

We offer advanced accounting services to support our diverse base of middle market clients. We work with clients throughout the year to provide current, timely data to accurately forecast cash flow and results of operations. With this level of financial insight, you are better equipped to make sound business decisions. Under the accounting umbrella, we offer:

• Plain Paper Engagement (PPE) Financial Statements

• Compiled and reviewed financial statements

• Cash flow forecasts and projections

• QuickBooks tutoring, installation, training, and maintenance

• General Ledger software selection and implementation

Tax Planning

We know your top priorities are paying less tax and keeping more of your hard-earned profits. This is best accomplished with comprehensive tax planning. Whether it is tax planning for corporations, partnerships, trusts, estates, or individuals, our experienced tax strategists work with you year round to develop a highly personalized plan with tax-saving strategies tailored to your situation.

We continually look for ways to minimize your tax liabilities and maximize your after-tax dollars. We are diligent about keeping current on the tax laws and regulations that affect you. We are committed to examining all the tax-saving opportunities available to you—while remaining in the spirit of the tax law.

Consider all we can do for you:

• Advanced tax planning services including corporate reorganizations, acquisitions, spin-offs, split-offs and split ups

• Partnership tax planning including tiered partnerships, Family LLCs and Series LLCs

• Multi-generational estate planning

• Interpretation of emerging tax legislation to adapt business and personal tax planning strategies

• Advanced tax planning involving integration of Federal income tax, Federal estate tax, and foreign tax strategies

• Estate planning for complex estates and complex family relationships

Tax Compliance

Filing, Examination, Appeals, and Support Services for Criminal Tax Defense Attorneys

We are disciplined tax compliance strategists with an advanced knowledge of IRS practice and procedure. We believe that the preparation of your annual tax return should clearly and concisely reflect the correct execution of your tax planning strategies. Our firm is experienced in nuanced tax return disclosures and integration of complex tax planning strategies into clear and readable tax returns.

Working with your tax attorney, our firm has the capacity to reconstruct data, investigate corporate and partnership financial irregularities, prepare clear reports on controversies, and provide supporting evidence to resolve business transactions with significant or indeterminate tax consequences.

We are long-experienced in the resolution of tax matters at the IRS Examination and Appeals stages. Our industry depth and well-researched recommendations have frequently served clients well in the context of tax exams and appeals conferences with the Commissioner.

Our firm is experienced in the efficient resolution of complex and dangerous prior year tax positions. We have substantial and direct experience in supporting the defense of IRS/Department of Justice Criminal Investigation Division referrals and prosecutions.

We are employed by tax and criminal attorneys to complete amended tax returns to reflect economic realities using nuanced disclosures or to construct factual defenses for trial.

Consulting Services

Operating a mid-market business is complex and time consuming. It can also be difficult to find the proper resources to consult on business growth, sustainability, and succession. We’ve been a dedicated coach to middle market clients for decades, helping people understand everything from entity selection to multi-generational estate and business succession planning.

Consider our consulting options:

• Advanced financial statement analysis

• Shareholder buy/sell agreements

• Family and business succession planning

• Complex and multi-generational estate planning

• Tax leveraged retirement plan design and operation, including 401(k) and 403(b) savings, money purchase, profit sharing, cash balance, and defined benefit plans

• Profit improvement and value development strategies

• Advisory services related to business valuation, financial management, business operations, strategic divestiture, and leveraged business acquisitions

Advanced and Sustainable Tax Management Collaboration With Day Wealth Management, Inc. Clients

Day Wealth Management, Inc. is our commonly controlled Investment Advisory firm registered in the state of Tennessee. The following paragraphs describe typical advanced tax management strategies we may employee in collaborating with Day Wealth Management, Inc. We refer to the collaborative process as “SimpleDaylight.”

We are CPAs and Financial Advisors creating customized portfolios based on your preferences and risk tolerance, resulting in tax efficient, prudently managed portfolios. These services are provided through Day Wealth Management, Inc. Thus, Simpledaylight is the joint pursuit of federal tax efficiency and market best execution. In the collaborative space of Simpledaylight we apply the three rules of tax planning: Legal tax avoidance; tax deferral; and conversion of ordinary income to capital gains. In financial markets, we suppress frictional costs while efficiently managing diversified market holdings. Taken together our collaboration facilitates tax efficient best execution.

While the following calculations are normally provided by Day Wealth Management, Inc., we are mentioning them so that you may better understand the integration of Federal and State tax planning into your portfolio management.

First, we interview you and your loved ones and create a robust client history. We carefully dissect your federal income tax returns to identify tax planning opportunities and to identify forthcoming tax problems. Our analysis is forward looking and proactive.

Second, we measure your risk tolerance objectively and we examine your portfolio to identify your present risk levels, as defined by your standard deviation.

Third we then back test your portfolio for volatility, risk range, complexity, and balance based on your stated standard deviation risk tolerance. And then we forward test the standard deviation of your current portfolio and similarly forward test proposed portfolio changes.

After performing these tax and Modern Portfolio Theory calculations, we develop recommendations to be used in managing your assets at Day Wealth Management, Inc.