SUMMO offers a comprehensive array of services tailored to individuals and businesses across various industries. We're committed to understanding and addressing each client's unique needs, helping them navigate financial planning and goal setting amid an evolving regulatory landscape. Our offering includes the following professional services:
- Tax Management
- Accounting
- Advisory
- Assurance
- Financial and Retirement Planning
- Estate and Trust Planning and Tax Preparation
- Professional Representation
Tax Managment
SUMMO assists clients in navigating a comprehensive range of tax planning and preparation decisions, implementing strategies that reduce tax liabilities, enhance cash flow, and ensure progress toward financial objectives. Leveraging our experience, in-depth analysis, and thorough research, we identify and optimize financial opportunities within both current and newly updated tax regulations.
Accounting
From emerging start-ups to well-established enterprises, businesses depend on precise and insightful financial data to sustain profitability and seize new opportunities. Maintaining precise records is crucial for a thriving business, but it can also be complex and time-consuming. SUMMO provides expert support in organizing and managing your accounting tasks, allowing you to dedicate your time and energy to growing your business.
These services include, but are not limited to:
- General ledger and financial statement preparation
- Bookkeeping (Monthly, quarterly, or annual)
- Payroll processing
- Accounts payable processing
- Billing and accounts receivable
- Cash flow budgeting and forecasting
- Employee benefit and profit-sharing plans
- Litigation support (divorces, estates, etc...)
- Personal finances
Advisory
We prioritize building strong client relationships that create lasting value. Our approach includes ensuring the integrity of financial records, assessing financial procedures, and developing strategies that empower our clients to navigate the complexities of business planning and execution. Through objective analysis, we help businesses control costs, enhance efficiency, and implement innovative technologies and processes that capitalize on market shifts, evolving accounting standards, and changes in tax regulations.
These services include, but are not limited to:
- Entity selection and restructuring
- Accounting policy and procedures
- Accounting system setup and support
- Financial statement analysis and projections
- Business valuations
- Differential analysis and costing decisions
- Debt and finances advising
- Transaction structuring and negotiations
- Business succession
- Agreed upon procedures
Assurance
Assurance services are independent examinations of a company’s processes and controls. Assurance aims to reduce information risk by improving the quality or context of the information. The three levels of assurance are audit, review, and compilation. We provide the following assurance services:
- Reviews - Reviews are a moderate level of assurance to external parties, utilizing inquiries and analytical procedures to verify financial statement details and highlight areas of concern. Our review process is designed to uphold the accuracy and reliability of your data.
- Compilations - Compilations are primarily prepared for internal use, relying on information provided by a company's management. While they do not provide assurance, they may include adjustments to accounting records as needed.
Financial and Retirement Planning
SUMMO is dedicated to helping you achieve your financial goals and secure lasting independence for a comfortable retirement. Our expertise guides you through critical decisions, including asset allocation, investment performance monitoring, college education funding, and retirement planning. Whether you're crafting an investment plan or assessing existing investments, SUMMO ensures your portfolio is optimized for tax efficiency, maximizing after-tax returns. The journey to retirement is long, but with the right steps, we can help you navigate the path to financial success.
Estates and Trusts
Thoughtful estate and trust planning safeguards financial security for loved ones and ensures seamless business ownership transitions. SUMMO is committed to guiding you through the complexities of evolving tax laws, helping to facilitate asset transfers while minimizing tax burdens for your beneficiaries. A well-structured estate plan is essential to prevent complications and ensure that your wishes are honored. By carefully organizing your taxes and estate, you can provide peace of mind to your loved ones, sparing them unnecessary difficulties during a time of loss.
Professional Representation
Having professional representation during an audit can be essential, and our extensive experience with tax authorities allows us to expertly guide clients in their interactions with federal and state agencies. If you’re selected for an audit, our firm provides the reliable support you need to ease concerns and navigate the process with confidence. We are licensed and fully prepared to address the taxing authorities, ensuring you receive knowledgeable and effective assistance.
The Bottom Line
SUMMO’s highly skilled professionals can tailor a financial strategy to meet your financial goals. Contact us for a consultation.