EVANS MAY ADVISORY

Evans May Advisory specializes in minimizing your taxes today and in the future, so that you can maximize your wealth and achieve your financial goals.

The Evans May Advisory team consists of 9 in-house Certified Public Accountants (CPAs) and tax specialists, with collective experience of 300+ years. Achieving your financial goals in an ever-changing tax and regulatory environment is challenging.

Evans May Advisory, and its predecessor entities, have been serving high-net-worth and ultra-high-net worth individuals and families for over 40 years. We have a deep understanding of the most efficient and effective way to sustain, enhance, and protect your wealth.

Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. We strive for our clients to pay the lowest amount of taxes allowable by law by continually looking for ways to minimize your taxes throughout the year, not just at the end of the year.

Today’s tax laws are complicated and continuously changing. Even filing a relatively simple return can be confusing. Our seasoned tax professionals will help ensure that you receive every deduction and tax credit to which you are entitled. The more complicated the tax return, the more opportunity for tax savings.

Our team of CPAs and tax professionals are experienced in preparing forms 1040, 1041, 1065, 1120, 1120S, and associated schedules and forms.

Most clients want their philanthropic dollars to be used most effectively. Navigating the world of philanthropy can be a challenge. Knowing how and where to give to maximize impact and minimize taxes requires experience and expertise that many donors do not have. Simply put, the Evans May Advisory team helps clients navigate the how, what, and why of giving to improve your charitable outcomes, minimize taxes, and maximize the value of your gifts.

Every estate planning situation is unique. The Evans May Advisory team works together with you and your family to understand your specific goals and objectives, and the nature of your relationships. We will develop an estate planning strategy that minimizes taxes and maximizes the wealth you desire to transfer. First, we assist you with clearly defining your estate planning goals. Next, we organize and mobilize your entire estate planning team (lawyers, financial advisors, and tax professionals). We evaluate and recommend appropriate estate planning options and then work with you to ensure the best option is implemented vis-à-vis your estate planning documents. Finally, we will continue to analyze whether any amendments are prudent based as your financial and personal lives evolve.

Successful businesses start by establishing the correct foundation upon which to operate. Our business/partnership formation services are comprehensive and include: assisting with determining your start-up capital needs; identifying sources of start-up capital (and backup sources, if needed); evaluating and quantifying your borrowing power; selecting a formation structure; selecting accounting and bookkeeping software; preparing budgets and cash flow projections; establishing billing and collection procedures; establishing financial reporting and monitoring protocols; preparing and filing all required state and local licenses and permits; filing for your Federal Employer Identification Number (FEIN); providing payroll tax filing services; and assisting with securing business insurance.

Payroll and bookkeeping are necessary albeit time-consuming aspects of running a business. The Evans May Advisory team offers payroll solutions that meet your business needs and enable you to spend time doing what you do best: running your company. Our team is well versed in Quickbooks. We provide training to clients that prefer to run their bookkeeping in-house. We also offer full-service outsourced payroll and bookkeeping departments.

Succession planning is not a one-size-fits-all or a one-time event. In fact, effective succession planning starts many years prior to an “exit event”. Whether you are executing a carefully developed succession plan or reacting to a sudden leadership departure, the Evans May Advisory team provides a suite of services to guide your organization through a succession process. Our team includes individuals with the Certified Exit Planning Advisor (CEPA) designation, which means we are well-versed in the ways to successfully transition businesses while enhancing value along the way.