Client Services

Advisory Services

Advisory Services

We believe that the advisory services we offer are critical to the success of our business and individual clients. Through the development of strong relationships and regular communication we identify needs and opportunities to improve operational and tax efficiency from a financial perspective. Our depth of experience and practical approach to evaluating our client’s needs and identifying comprehensive solutions are what set us apart from other professionals. Our advisory services encompass a wide variety of areas including:

• Business Documentation and Operations: Including review of company bank accounts, business expenses, recordkeeping methods, reimbursement plans, management and tax reporting, cash flow planning and operational policies.
  Business Structuring: Assisting business owners in choosing the most advantageous legal entity and/or tax structure to optimize tax and operational efficiency.
  Fringe Benefits:  Identifying opportunities to maximize owner benefits, such as health insurance and retirement contributions, while avoiding discriminatory practices.
• Income Strategies: Maximizing owner compensation with an emphasis on reasonable compensation as required by the Internal Revenue Code.  Determining appropriate distributions to owners.  Evaluating the utilization of rents, royalties, income shifting, education savings and other means to enhance owner income.
  Independent Contractor vs. Employee Analysis: Utilizing guidelines established by the Internal Revenue Service to ensure that the company’s workforce is properly categorized, compensated, documented  and reported to the taxing authorities.
  Mergers & Acquisitions: Evaluating company structure and performing operational and equity planning to prepare for the ultimate sale of the business.  Assisting with the sale or acquisition of a business including negotiations, due diligence, structuring of the deal, reporting of the transaction and post-closing adjustments.
  Rental Operations: Evaluating opportunities to improve tax and operational efficiency and ensure compliance with the Internal Revenue Code requirements.

Audit and Attest

Audit and Attest

Our audits have always done more than just verify the facts - we've also given our clients a blueprint for the future.

We're trained to review findings and identify opportunities for improvements, from waste reduction to payment cycle adjustments and more. Every audit complies with professional standards, and is geared toward uncovering your business's strengths in order to achieve maximum efficiency.

Attestation Services

From financial forecasts and projections to reporting on internal controls over financial reporting, you often have assurance needs that don't require an audit of financial statements. We help our clients meet all their assurance needs through our attest services.

We examine, review or apply agreed-upon procedures to subject matter, or an assertion about the subject matter, which is the responsibility of another party.

We utilize a dedicated team of experienced staff to ensure that your services are completed efficiently and effectively.

To learn more about our attest services, contact us.

Estate & Trust Tax Planning and Compliance

Estate and Trust Planning

At Henry, Raymond & Thompson we recognize that as an individual you need innovative answers, not boilerplate solutions, to meet your personal wealth needs. From estate planning to tax and financial planning, our wealth preservation and management services provide an integrated and holistic approach that generates tax-efficient solutions to protect your assets throughout your lifetime and that of your heirs.

Not-For-Profit

Not-For-Profit Services

In today's ever-changing environment, exempt organizations are confronted with many new and difficult challenges. Henry, Raymond & Thompson, LLC, with its unique combination of experience, resources, personalized attention and customized solutions, is committed to working with not-for-profit organizations to overcome those challenges and meet their goals.

Our Not-For-Profit Group has been working with tax exempt organizations since our founding. Ever since those early days we have been the "go to" accounting firm offering our technical skills as well as sound guidance. Our partners and staff are active throughout the community and use this experience and knowledge to provide outstanding attention and service to all of our nonprofit clients.

We are proud of our service on boards, our high rate of volunteerism, and community service that are part of our firm's DNA. Whether you are a foundation, social service or other charitable organization, private school, museum or other type of tax exempt organization, we promise you our commitment to provide you with the personal service, outstanding knowledge of what is required and the caring nature you are looking for and deserve. After all, we have a track record and reputation to uphold, not only serving the not-for-profit community, but also being an active participant in it.

Peer Review

Per Review Services

Tax Compliance

Tax Compliance

As a full-service public accounting firm we offer a wide variety of tax preparation services to individuals and businesses across a broad range of industries.  Complex tax environments call for comprehensive solutions that consider both the present and the future and that's exactly what we provide. We look at the big picture, targeting opportunities that will benefit all aspects of your business and personal financial affairs. From multi-state tax planning to a comprehensive review of available tax credits we seek to generate tax savings so you can invest your cash where it matters most, in your business. Our tax specialists have the breadth and depth of federal tax, state and local tax, family wealth planning, and compensation and benefits expertise to meet your compliance and specialty tax service needs.

Compliance Services Include Preparation of:

• Individual income tax returns
• Corporate income tax returns
• Partnership income tax returns
• Estate and trust tax returns
• Gift tax returns
• Payroll, sales and other miscellaneous tax returns

Tax Planning

Tax Planning Services

Our tax planning services involve a proactive analysis of the financial situation of an individual or business to develop strategies that minimize their tax liabilities and maximize wealth preservation over the long term. Unlike tax preparation, which generally occurs annually and is focused on filing historical returns for compliance, tax planning is an ongoing activity. The primary goals of our tax planning services are:

• Reducing Taxes: Utilizing all available deductions, credits, exemptions, and allowances provided under the federal, state and local tax laws to minimize the total amount of tax owed.
• Increasing Savings & Improving Cash Flow: Optimizing tax efficiency frees up more funds for investments, savings and business operations.
• Ensuring Compliance: Adhering strictly to tax laws and regulations to limit exposure to penalties, fines, or audits from tax authorities like the Internal Revenue Service.
• Supporting Long-Term Goals: Integrating tax strategies with broader financial objectives such as retirement savings, estate planning, and wealth transfer to future generations. 

Our tax planning services employ a variety of strategies depending on our client's unique needs:

• Retirement Planning: Providing advice regarding contributions to tax-advantaged accounts like traditional 401(k)s and IRAs to reduce current taxable income or to Roth IRAs to achieve tax-free withdrawals in retirement.
• Maximizing Deductions and Credits: Determining strategies to optimize the standard deduction or itemized deductions and identifying eligibility for tax credits.
• Investment Management: Evaluating opportunities to employ techniques like tax-loss harvesting and strategically placing investments in tax-efficient accounts.
• Estate and Gift Tax Planning: Identifying options such as trusts, annual gift exemptions and charitable contributions to efficiently transfer wealth and minimize estate taxes.
• Timing of Income and Expenses: Assess the value of strategically deferring income or accelerating expenses to achieve a lower tax bracket in the current year.
• Specialized Areas: Providing guidance on specific complex areas like international tax laws, real estate depreciation and the tax implications of stock options.