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Thursday, 27 July

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Industry Closely Held Businesses & Professional Services

Closely held and family-owned businesses have unique concerns and accounting requirements. The finances of the business and the family are often highly intertwined as the business typically represents a large share of the family’s wealth and future security. Business loans are secured by personal assets and cash flow has a major impact on the family’s lifestyle. When advising on wealth management issues for individual professionals, Tighe, Kress & Orr, P.C. principals provide insights and strategies into balancing professional and personal wealth accrual goals.

Because of these factors, it is especially important that family businesses have a relationship with an accounting firm they trust.

As a professional services firm, Tighe, Kress & Orr, P.C. has a special affinity for the needs of our professional services clients. We are particularly proud of the diverse range of professionals and partnerships we regularly work with and the long-held trust our colleagues place in our firm.

In addition, our principals offer advisory services to help manage partnership issues. These may include planning for firm growth and partnership succession, mitigating the risks of dissolution, as well as establishing and maintaining partner compensation systems. The overriding goal is to create the financial infrastructure, and financial peace of mind, to maximize business efficiency and minimize risks and disruptions. This allows clients to devote their attention to serving their own clients and furthering their professional achievements.