Did You Know FHF Offers More Than Just Traditional Accounting Services?
Driven by globalization, corporate consolidation, new technologies, and continuous changes to the tax code, the accounting field is changing and expanding all the time. This year more than ever, our team had their work cut out for them keeping up with tax changes. The latest Consolidated Appropriations Act, better known as the COVID stimulus, was nearly 6,000 pages of tax policy and regulatory changes. While we pride ourselves on our understanding of tax policy and audit compliance for individuals and businesses, FHF’s services and areas of expertise have grown over the years to meet the needs of our clients.
Currently and in the upcoming years, the following services are expected to be in high demand in the accounting industry:
Forensic Accounting – Forensic accountants specialize in scrutinizing and examining business records for any signs of irregularities and can be key witnesses in prosecuting executives committing serious white-collar crimes. FHF has experts in this area able to identify potential fraud, perform damage studies, and testify in a court of law. Read more about our Forensics services here.
Business Valuations – The need to determine the value of a business can be driven by an upcoming sale or merger, continuity planning, divorce proceedings, or any other type of litigation. FHF has a team of dedicated experts who are ready to expediently assess and assign a valuation that is accurate, complete, and legally defensible. Read about our Valuation services here.
Estate/Trust Accounting – One of the most in-demand specialties today is estate and trust accounting where accountants work with families, couples, and individuals to formulate a strategy for how their wealth will be distributed in the event of death. This work includes distributing inheritances, dealing with life insurance policies, and managing investments. FHF estate and trust experts can help families avoid unnecessary complications by planning early. Read more about our Estate Planning services here.
Employee Benefits Analysis – Employee benefits are often one of the most important reasons why employees work and have a significant impact on the profitability of a business. Auditing and analyzing employee benefit plans are services that require specialized experience and knowledge. With changing rules and regulations from the Department of Labor, Internal Revenue Service, and other regulators, choosing the right audit firm to perform your employee benefit plan audits is essential. Read about FHF’s expertise with stock ownership plans here, and employee benefit plan audits here.
In this ever-changing business environment, Flagel Huber Flagel services go beyond numbers and deadlines. As a full-service CPA firm, we are committed to a collaborative search for ideas and solutions that help business organizations thrive and families build and preserve wealth. Our commitment is simple; financial and operational insight, service integrity, and problem-solving innovation. Our professionals reach beyond the narrow technical aspects of providing compliance services and deliver a wide range of expertise. Give us a call – We’re here to help!