OUR PROFESSIONAL HAVE A BROAD RANGE OF INDUSTRY-SPECIFIC AND GENERAL BUSINESS EXPERIENCE TO COMPLEMENT THEIR ACCOUNTING EXPERTISE…

And more importantly, they have been in our shoes. With the combination of private sector and public accounting experience, our team provides the expertise and knowledge to assist management and improve operations, while our business practice outsourcing meets all accounting and bookkeeping need including general ledger, accounts receivable, accounts payable and financial statements.

Many individuals and families have a variety of advisors – attorneys, accountants, investments managers, insurance professionals and private bankers – but may lack coordinated expertise on their behalf. Although separately the advisors act in the best interest of their clients, the complexity of family affairs may sometimes cause divergent agendas and unnecessary conflict among managers and advisors –and affect your true financial objectives.

BARRETT has designed our own unique approach to delivering complete Family Office solutions. Our Family Office solutions combination of traditional and innovative services and technologies built to address complex nature and lifestyle of high net-worth families and individuals. This approach, combined with our in house network of renowned specialties, can help you identify, develop, implement and maintain the best possible wealth management solutions to help you gain and maintain financial control of your personal and professional life.

Our BARRETT Family Office team will provide the coordination and oversight to manage all of your financial relationships, while maintaining the big picture perspective of your personal business goals. Our team has focused industry experience you can rely upon to ensure your affairs are managed seamlessly, appropriately and precisely in accordance with your intentions. Whether you need strategic financial planning or simply need help with payroll and accounting – we can help.

Our services in this area include:

• Choice of Entity and Structuring – We offer entity structuring design and implementation support for start-up ventures, mergers and acquisitions, recapitalizations, reorganizations and joint ventures.
• Family Business Planning – Our complete analysis includes a full review of business, trust and personal structuring of the family business and related assets. The analysis includes succession and exit strategy planning, liquidity planning, estate and gift tax planning, as well as assets protection and pre- and post-nuptial planning strategies.
• Tax Accounting Methods – BARRETTS analysis of alternative tax accounting methods help to identify tax advantage methods for revenue and expense recognition including tax favorable LIFO inventory methods and implementation of accounting methods changes.
• Stock Basis and E&P Calculations – We offer corporate subsidiary stock basis and Earnings and Profits (E&P) calculations and related planning.
• Ownership Change Analysis and Planning – We offer analysis of ownership changes pursuant to IRC § 382 and related planning.
• Troubled Company Consulting – Our consultants offer troubled company assistance including cancellation of indebtedness and other tax issues for companies in insolvency and bankruptcy.
• Research and Experimentation (R&E) Tax Credits – We review and analyze to identify research activities qualifying for tax credits and tax credit calculations, documentation and optimization.
• Cost Segregation Studies – We review and classify the components of significant capital projects to maximize related tax depreciation deductions.
• Deductions for Domestic Production Activities Analysis – BARRETT offers client help with identifying qualifications for and calculations of optimal tax deductions for domestic manufacturing activities pursuant to the provision in The American Jobs Creation Act of 2004.
• Corporate Financing – Our tax solutions include analysis and structuring of corporate financing transactions and debt work-out situations.
• Tax Sharing Agreements – We help clients draft and review tax sharing agreements for consolidate groups.