Private Client Tax & Accounting Services

Private Client Tax & Accounting Services

Private Client Tax and Accounting Services

When you reach a certain point in your life, you want to enjoy the benefits of your family, wealth and lifestyle.  Managing your finances, estate and retirement plans can infringe upon your personal time. As a result, many high net-worth individuals, including entrepreneurs, celebrities, executives and those whose wealth is inherited, have turned to professionals for assistance.

CBIZ private client services support high net-worth individuals with their diverse financial and administrative activities. From sophisticated compliance and risk management to routine bill paying, you have access to services that fulfill current needs, anticipate future changes, and help you achieve your goals. The attentive, personalized service we deliver also comes with best practices backed by our more than 40 years of experience working with private client service engagements. 

Private Client Tax and Accounting Solutions

  • Data Management: Receive assistance with the retention and storage of financial documents, document archiving, and asset tracking.
  • Estate Planning: Minimize the state and federal taxes that could erode your family wealth with a comprehensive suite of strategies and estate planning solution offerings.
  • Family Business Services: Receive assistance with tax minimization, ownership transition, and business valuation for your family owned and operated business.
  • Family Office Services: Control your costs, simplify your financial oversight, and make it easier to manage your wealth with our suite of family office services.
  • Income Tax Planning: Enact tax minimization strategies and access support for routine tax return and preparation.
  • Transactional Planning: Receive support to efficiently transfer business interests and keep the business running smoothly before, during, and after leadership transitions.
On Nov. 28, 2023, the U.S. Tax Court issued an opinion in Soroban Capital Partners LP v. Commissioner, ruling in favor of the IRS with its determination that partners actively participating in state law limited partnerships are not “limited partners, as such” for purposes of the self-employment tax exemption. 

As we approach the end of the year, businesses are focusing on strategies to save money and make financially sound decisions for 2024. A key approach in this endeavor is cost segregation, an effective method to increase near-term cash flow by deferring federal and state income taxes for new constructions, renovations or newly acquired buildings through accelerated depreciation deductions. 

As CBIZ communicated in our previous article, Mark Your Calendars: Pillar Two Compliance Is Around the Corner, multinational enterprises can expect fundamental changes to global taxation. 

Naomi D. Ganoe

Managing Director

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