Individuals, Estates, and Trusts

Our clients and their families work hard to accumulate sufficient wealth in order to provide for higher education, retirement, future generations, charitable endeavors, or other life goals. For years they have turned to us to assist them in the development, implementation and monitoring of a comprehensive strategy that will help to ensure success in realizing these objectives.

We serve a diverse range of clients who look to our firm for assistance in the achievement of these goals. They include, but are not limited to, the following:

  • High-net worth individuals
  • Small business owners
  • Executives
  • Professionals
  • Estates
  • Simple & complex trusts
  • Charitable remainder trusts
  • Charitable lead trusts
  • Q-tip trusts
  • Private foundations

Although many of our clients may have similar backgrounds or goals, we realize that they have unique - not identical - financial situations. Accordingly, we must work closely with them helping to evaluate their financial situations, set realizable goals for the future, and implement sound strategies to attain their objectives. Some of the planning and compliance services that we provide for our clients include the following:

  • Tax preparation, compliance planning
  • Asset protection & accumulation strategies
  • Investment planning
  • Insurance planning
  • Education planning
  • Retirement planning
  • Estate planning
  • Assistance in the creation of trusts or structuring of gifts
  • Personal financial statements
  • Personal budgeting & cash management

Our counsel is strictly independent – we do not sell investment products, nor do we receive commissions.


Investment ManagersBack to top

Investment advisors are often faced with increased scrutiny and potential changes within the regulatory environment. The changes to governmental regulations coupled with constant changes in the tax code combine to make accounting issues and tax compliance extremely complex. Our dedicated team of experts understands the complexities and specialized needs of investment managers. We work closely with various types of investment managers including registered investment advisors, broker-dealers, "Hedge Fund" managers, as well as the underlying funds themselves.

The services we provide to investment advisors include:

  • Audits of annual financial statements
  • Compilation or review of financial statements
  • Assistance with performance fee calculations and allocations including "High Water Mark" and "Hurdle Rate" provisions
  • Preparation of federal/state income tax returns and Schedule K-1s
  • Consultation on tax aspects of security transactions
  • Internal control reviews
  • Anti-money laundering audits
  • Net capital computations

Mortgage Bankers & BrokersBack to top

Mortgage bankers and brokers must operate within a regulated environment and are often faced with complex accounting issues. The rules and regulations issued by the Federal Housing Administration (FHA), the U.S. Department of Housing and Urban Development (HUD), and various state banking departments must be monitored on a regular basis to ensure compliance. The degree of complexity and compliance requirements depends on a number of factors including the number of states in which the entity is licensed; the number of branch offices; various net worth requirements; whether the entity is a loan originator only or if loans are also being serviced; or if the entity has a warehouse line of credit. Participation in the FHA mortgage insurance programs also subjects entities to additional financial reporting requirements.

Beucler, Kelly & Irwin, Ltd. has the experience and knowledge to assist your organization navigate the regulations and accounting issues faced within this industry.

The services we provide to mortgage bankers and brokers include:

  • Audits of annual financial statements (including reports on internal control and compliance with specific requirements applicable to major HUD programs).
  • Agreed upon procedures performed in connection with the electronic submission of the financial data template through the Lender Assessment Subsystem (LASS)
  • Compilation or review of financial statements
  • Preparation of federal/state income tax returns and Schedule K-1s
  • Entity formation structuring
  • Internal control reviews
  • Assistance in obtaining bank financing or warehouse lines
  • Forecasts and projections
  • Assistance in evaluating merger and acquisition opportunities
  • Accounting outsourcing
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