Accounting & Taxation

Accounting & Business Services

We understand your need to rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. At Hernandez & Company, we are committed to provide meaningful, well-organized financial records to ensure that your business operations run more efficiently on a daily basis. Our firm provides a full range of cost-effective accounting services including:

  • Financial statement preparation
  • Bookkeeping and controllership functions
  • Accounting system setup for new businesses
  • Computerized payroll services
  • Local sales and business property tax compliance
  • Financial forecasts and projections
  • Business Start-up and management consulting
  • Accounting software selection and implementation
  • Due Diligence

Family Office Services

Independence, integrity and honesty are the foundation of our Company. We place professional responsibility above personal gain and always act independently. You can be certain that our advisors will protect and professionally manage the wealth you have accumulated through years of hard work. Let our advisors make the most of your wealth with their experience in:

  • Single Family Offices
  • Multi-Client Family Offices
  • Ultra High Net-worth Clients

Our family will help your family maintain your lifestyle from generation to generation by helping you with:

  • Establishing a Family Office

    • Formation and staffing of family offices
    • Choosing the right family office structure (e.g. single family or multi-family)
    • Technology application and implementation
    • Integration of data aggregation and reporting system
    • Developing internal controls, policies and procedures
    • Establishing wealth preservation, philanthropic and family legacy goals
  • Planning and Compliance

    • Lifestyle planning (e.g., boat ownership, aircraft ownership, private collection)
    • Managing complex tax compliance engagements
    • Structuring of real estate investments
    • Developing short and long term budgets
    • Charitable and insurance planning
    • Due diligence and business valuations
    • Wealth transfer planning and compliance
  • Family Office Outsourcing

    • Investment accounting
    • Bill payment services
    • Payroll and Human Resources
    • Entity management and compliance
    • Monitor family business activities
    • Concierge services for the family
    • Preparation of financial statements and consolidated reports (personal and corporate)
    • Income tax planning and compliance for corporations and family members

Auditing

In today’s complex and ever-changing environment companies face the challenge of being one step ahead of the competition and be on the lookout for new and innovative ways to increase productivity. Our audit services provide an intensive examination of your business with the highest levels of assurance so you can have confidence in your financial position and make knowledgeable decisions. We take the time to learn about and understand your business so we can identify key audit components and offer a personalized report with recommendations to strengthen your operations, systems, processes and controls. Our experienced audit professionals can help you with:

  • Financial statement audits, reviews and compilations
  • Acquisition planning and due diligence business investigations
  • Strategic analysis and planning
  • Forecasts and projections
  • Internal control reviews
  • Full outsourcing of internal audit
  • Co-sourcing with the existing internal audit function
  • Internal audit transformation
  • Internal controls testing and documentation
  • Quality Assurance reviews
  • Operational Audits

Corporate Tax Services

Hernandez & Company provides a full range of tax and compliance services. By combining superior service with creative and proactive tax planning, our knowledgeable tax advisors provide customized solutions to fit your company’s specific needs and objectives. Our client-centered tax planning and preparation services focus on understanding each client’s business, which allows us to effectively plan the most appropriate compliance strategies for you and your company. Our main goal is to minimize the tax liability of our corporate and fiduciary clients while always complying with federal and state laws. As a result, we can help with all your corporate tax needs, including:

  • Preparation of corporate and fiduciary returns
  • Federal, State and International Tax Compliance
  • Comprehensive tax planning with analysis of foreign tax credits and treaties
  • U.S. tax return and information reporting for foreign business entities
  • Pre and post-residency planning
  • Multi-State tax planning
  • State and local taxation
  • Foreign trusts, estates and foundations
  • Tax Structuring for Business Mergers and Acquisitions.
  • Entity selection—Effective planning and structuring can help you avoid complicated legal and regulatory issues, especially in cross-border acquisitions.
  • Optimization for structures for investment and business operations in and outside of the U.S.

Real Estate Accounting

At Hernandez & Company, CPAs, we understand how volatile and demanding the real estate market can be. That’s why our real estate accounting services offer competitive solutions and advisory services for real estate owners, developers and investors. Our industry expertise will help you maintain maximum tax benefits, protect your assets, and facilitate family estate planning. Our specialists will ensure that your business has a solid strategic tax, budget and financial plan for long term profitability so you can minimize the risk and maximize your earnings. Our real estate accounting services include:

  • Real Estate Acquisition Assistance

    • Work with your Real Estate Agent and Attorney during the acquisition process
    • Entity Selection – Choosing the optimal entity structure for your U.S. real estate investment
    • Acquisition due diligence assistance
    • Strategic Planning
    • Lease analysis and review
    • Budgeting and forecasting
    • Cash flow analysis
    • Accounting procedure review and development
    • Real Estate insurance consulting
  • Real Estate Operational Accounting

    • Property Accounting
    • Construction Accounting
    • Cost Segregation studies
    • Auditing
    • Full Federal and State income tax compliance
  • Real Estate Selling Services

    • Work with your Real Estate Agent and Attorney during the selling process
    • Section 1031 Exchanges – 1031 exchanges of “like-kind” investment property
    • Business succession planning
    • Liquidation planning for US and International taxpayers
    • Repatriation planning and reporting for foreign investors

your success is our success