Our Services

Specializing in serving the business owner from start-up to succession planning

CurrentNews:

H.R. 4853 – Gift Tax Exemptions Extended for the Next Two Years

June 27, 2011

As part of Obama’s Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 wealthy individuals will have the ability to gift $5 million (or $10 million for a married couple) without having to pay a gift tax. In today’s economic environment where asset values and interest rates are very low, the time is optimal to create credit shelter trusts, use lifetime gifts or implement GRATS to take full advantage of tax exemption before it expires in 2012. Please contact us today to find out more about the opportunities available to you.

Business Assurance

We perform a broad range of assurance services for our clients.  This includes audits, reviews and compilations of financial statements, agreed upon procedures, and peer reviews.   Here is a list of the typical users of our assurance services:

  • Business owners and management
  • Board of directors
  • Organizations who give grants
  • Bankers and other financiers
  • Bonding companies
  • Donors
  • Federal and State agencies
  • CPA Firms
  • Investors and other stakeholders
  • Retirement plan sponsors and participants

If you have a role in any of the above listed areas think of us as a trusted advisor that can meet your service needs.

 

Business Consulting

Our diversified client base and experience has qualified us to perform   many types of consulting projects.  Just to name a few we have consulted  in the design of templates for budgeting, considerations for best practices in corporate governance, business policies and procedures, formation of audit committees, assistance with business plans, financing, business person’s  reviews of business,  and decision modeling (such as whether to buy for lease). 


If you have issues like these or other questions, give us a call.  We are here to help. 

 

Estates & Trusts

At Monson & Bass, we understand that planning for the distribution of your estate is only one piece of the estate planning pie. Equally important is planning for the accumulation, retention, and enjoyment of your property and assets during your own lifetime.

By customizing your estate plan to your particular needs, our estate planning specialists can assist in keeping your tax liabilities to a minimum. During the estate planning process, you can count on caring, personalized attention from our team of experienced professionals.

 

Tax Preparation & Planning

Our firm specializes in providing tax services to small and mid-size businesses and their owners. Our goal is to be your most trusted advisor, helping you navigate through the ever changing tax regulations to find the best ways to preserve your wealth, minimize your tax liabilities, and ensure your future is financially sound. Our strategic tax planning works in conjunction with the rest of your business and personal tax obligations, to help you retain and enjoy more of what you earn.

Our clients typically include sole proprietorships, business owners, rental real estate owners and investors, and individual clients of varying complexity.    In addition, we advise our clients as they plan purchases or sales of their businesses or real estate, IRC Code 1031 exchanges, and reporting of stock transactions including stock options.  We also advise our clients with their retirement, Social Security and education funding plans.  We believe that a good planning strategy is the key to a successful tax result.