One size doesn’t fit all…
Our approach is tailor made for each and every client’s needs to achieve their best outcome. As trusted advisors, we only offer clients tax and accounting services that add value.
TAX
Tax compliance, disclosure reporting and minimization strategies are as unique as our clients. What may benefit one client may be unsuitable to another. We take a customized approach for each and every client from our high net worth individuals and family to groups to start-ups and entrepreneurs with a sole steadfast goal, to prudently maximize our clients’ returns and minimize taxation.
Our Tax Services Include:
Individual Income Tax
Income tax planning and compliance, including preparation of federal and state returns
Estimated tax calculation and planning
Representation for tax examinations
Coordinated federal, state, and foreign tax minimization planning
Integrated tax minimization planning between entrepreneurs and their entities
Consulting on tax planning and compliance issues related to real estate activities
Managing tax compliance, planning and disclosures related to investment partnership pass-thru activity
Stock transaction planning, including stock option and exercise planning, QSB planning and elections for executives and founders
Compliance reporting related to international asset holdings
Business Income Tax
Preparation and filing of federal and multi-state income tax returns
IRS and State tax examination assistance
Consolidated return preparation and filing
Multi-state tax planning, nexus determination and compliance management
Consulting choice of entity selection
Estimated, extended and minimum tax payment computation
Sale of business tax minimization
Succession planning
Intercompany and related party activity and transaction analysis
Estate, Gift, Trust Taxes & Administration
Estate and trust income tax compliance and minimization
Transfer tax (gift, estate and generation-skipping) compliance and planning
Choice of charitable entity selection assistance (charitable remainder trusts, foundations, donor advised funds)
Consulting for estate and trust administration
Trustee and executor administration consulting
Preparation of fiduciary and court summary of account financials in accordance with state probate
Estate planning documents review
Trust funding guidance
FINANCIAL ACCOUNTING
Purewal + Co offers financial and accounting services to ensure our clients record keeping and financial reporting needs are diligently met. We offer outsourced accounting and family office services on a limited basis to individuals, estates, trusts and closely held entities requiring itemization and tracking of transactions in coordination with financial statements and/or tax compliance reporting.
Our Financial Accounting Services Include:
Financial Statements
Compiled and Reviewed Financial Statement issuance in accordance with Generally Accepted Accounting Principles and Other Comprehensive Basis of Accounting
Court accountings for Estates & Conservatorships in accordance with probate code
Trustee Summaries of Account in accordance with probate code
Personal Financial Statements
Outsourced Accounting/Family Office
Transaction processing and bookkeeping
Monthly/Quarterly reconciliations and closing
Bill pay and cash and wire transfers
Investment basis tracking
Independent contractor and 1099 reporting
Personal property tax reporting and compliance
State registrations filings
Sales & use tax reporting
Accounting consulting, software set-up, chart of accounts and general ledger guidance