Closely Held Business

you-centric services

Private Client Services offers accounting, tax and advisory services customized for the way your company and owners create value and build wealth.

These services focus on the combination of the entity and the individual recognizing the ultimate goal of personal wealth. Our integration of services takes our comprehensive understanding of your needs and how they evolve over time as the business grows and evolves and the individual plans for wealth accumulation and transfer. This integrated approach is one that is proactive, anticipating events instead of reacting to them all the while look for ways to mitigate risk, minimize tax exposure and build wealth.



Accounting Services and Solutions

Our accounting services for closely held businesses offer an empirical basis for analysis and strategic planning.  Accounting provides the most fundamental metrics — if the accounting system is properly designed and implemented.  We can conduct an accounting method analysis and then make the necessary changes to minimize tax liabilities and, if necessary defer recognition of revenue and/or acceleration depreciation.

Industry-specific experience

As with all Private Client Services, our accounting services are based on a deep understanding of all company assets, owner progress toward exit value objectives, and proximity to retirement. We have extensive experience in providing business accounting for closely held companies in various industries:

  • Construction
  • Dealerships
  • Financial institutions
  • Government contracting
  • Healthcare
  • Insurance
  • Life sciences and innovation
  • Manufacturing and distribution
  • Professional service firms (law firms, engineering firms, etc.)
  • Real estate
  • Restaurants and hospitality
  • Transportation and motor freight

Audit and assurance

We also offer extensive experience with audit and assurance services for companies in various industries.  The Firm is registered with the Public Company Accounting Oversight Board and is a member of the AICPA Center for Audit Quality.

  • Audits, review and compilations
  • Employee benefit plan audits
  • SEC services
  • Statutory financial audits
  • International Financial Reporting Standards

Tax Planning and Compliance

  • Business tax planning
  • Tax accounting
  • Expatriate and foreign national tax planning and compliance
  • Trust taxation & fiduciary accounting
  • Tax audit defense and client representation

Business Strategy, Management and Planning

How does the essentially backward-facing discipline of accounting add value in strategic management and planning?  Our analysis of the historical record can help steer your business in the right direction.  We can look at a company's numbers and related reports, and see the implications of trends, patterns, relationships and anomalies.  We assess past performance as a guide to strategic planning, while making recommendations on accounting methods, banking and your capital and business structure.

Toward a successful exit

We can help you develop operating plans, implement operational improvements and define performance improvement metrics (if we're handling your company's accounting, we can manage its accounting systems and processes, including bookkeeping, payroll services, tax preparation, and financial statement compilation and review).

Our experience assists us in making authoritative recommendations on new divisions, new service lines, general business operations and overall business considerations.  Combining our strategic and operational insights with accounting services means we can aid in monitoring your company's financial health, assist with long-term planning and provide guidance as you move to a successful exit.

  • Business entity evaluation, including corporations, limited liability corporations and partnerships
  • Advisory services for corporate governance
  • Advisory services for management
  • Succession planning
  • Sale or transfer of holdings

Wealth Management and Financial Planning

Our private client services include wealth management and financial planning with Dixon Hughes Goodman Wealth Advisors LLC, a wholly owned subsidiary of Dixon Hughes Goodman.

More principled wealth management®

The foundation of any advisor-client relationship must be anchored in an unconditional, unwavering trust. Every aspect of Dixon Hughes Goodman Wealth Advisors' wealth management process adheres to this principle.

More principled compensation

Dixon Hughes Goodman Wealth Advisors is a fee-only advisor and the principles behind that form the foundation of their business. They accept no commissions, outside fees or third-party payments, so the decisions they make about your portfolio are made with your best interests in mind.

Their relationship with you is built on trust. They build that trust by offering unbiased, objective investment advice — advice that avoids any appearance of impropriety.

More principled and resourceful investing

The principles of Nobel Prize-winning Modern Portfolio Theory guide the firm's decisions on your behalf. Modern Portfolio Theory has shaped U.S. trust law and is a chosen approach of some of the world's largest endowments, pension funds and foundations.

More principled client service

Your relationship with Dixon Hughes Goodman Wealth Advisors begins with a comprehensive evaluation of your needs. The firm reviews all aspects of your financial life to ensure that your investment portfolio dovetails with your life's goals and objectives.

  • Fiduciary Standard of Care
  • Fee-only investment advisory services
  • No conflicts of interest
  • Nobel Prize-winning investment methodology
  • Relationships built on trust and service
  • Institutional investment vehicles unavailable to most retail clients

Retirement Planning

Retirement planning for high net worth individuals has multiple objectives, but one is fundamental — to ensure sufficient income for future needs while maintaining an existing lifestyle for an indeterminate number of years.

In our experience, wealthy clients have the same basic concerns as anyone considering retirement.  However, retirement planning for high net worth individuals demands more sophisticated evaluations and management, particularly with a high level of income consumption.

Low management fees

We work with our colleagues at DHG Wealth Advisors to ensure that your retirement portfolio is governed by key strategies — asset-class diversification to mitigate risk, dampen volatility and allow for cash flow.

  • Manage and build wealth
  • Minimize tax exposure
  • Single-source planning
  • Planning, implementation and administration
  • Integration with wealth management and estate services

Estate, Gift and Trust Services

We call on the experience and capabilities of the Firm's Generational Wealth Planning Group, a team of experienced tax, insurance and wealth advisors, to structure estates in ways that reduce significant tax liabilities, minimize expenses and transfer family wealth to the next generation.  We can help plan, design, implement and administer your estate, navigating complex business and individual income tax laws with traditional and non-traditional vehicles.

We can recommend various gifting and wealth transfer tools to distribute your assets.  These include wills and beneficiary designations — a vital step to carrying out your wishes, as state law determines asset distribution in the absence of a will.  Our accountants and advisors can work with you and your attorneys to define or revise your goals and name the executor of your estate.

Minimizing cost and tax liabilities

Sharing your estate, gift and trust goals with our tax advisors allows us to recommend strategies to minimize the costs and tax liabilities associated with transfers of substantial wealth.  

  • Planning, design, implementation and administration
  • Uniform trust code compliance
  • Trusts, charitable trusts and foundations
  • Intra-family loans and sales
  • Life insurance planning and placement with Dixon Hughes Goodman Agency LLC

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