Welcome to this month's newsletter! We've had an exciting time lately, from team bonding at a bowling event (spoiler: tax pros can bowl!) to introducing two stellar interns, Aarish and Ty. We're also thrilled to announce new service lines in General Advisory and Tax Planning to better serve your needs. Plus, we have a fantastic investment opportunity for those interested in an innovative AI company. Don't forget, our deadlines for tax submissions are approaching, and we're hiring! Dive in for all the details and updates.

Table of Contents

• It’s just like The Big Lebowski over here

• Internship Program

• Exciting New Service Lines: General Advisory and T …

• We are hiring

• Get in your Tax Work

• Client Corner - Investment opportunity in AI compa …

It’s just like The Big Lebowski over here

I’m going to be real with you for a second: I have never seen The Big Lebowski. Yep, I said it. Go ahead, take a moment to recover from the shock. I might take some heat for this, but I'm used to it. It's one of those iconic movies that gets referenced all the time, and I just stand there with a blank stare, nodding along like I have any idea what the other person is talking about. I do know it’s loosely based on bowling, though. And guess what we did last month, we bowled. And while I might not know much about The Big Lebowski, I can tell you this: we definitely rolled with the punches, and just like The Dude, we abided.

Back in May, we took our finely-honed talents to Pinstack for a little R&R. Picture this: a team of number-crunchers trading spreadsheets for bowling shoes & cocktails. Turns out, we're just as competitive off the clock. Who knew a tax deduction could have this much fun?

Internship Program

Our goal for this year was to build an 8-week internship program for our firm. We wanted to establish our brand on campus to recruit future employees and continue our upward growth trend. Little did I know, two very eager and hungry candidates showed up in my email one day, asking if we had an opportunity. Talk about serendipity!

We got really lucky this year because our interns are spectacular. Joining us for the summer are Aarish Bhojani, studying Finance and Entrepreneurship at Rice University, and Ty Rauschenbach, studying Accounting and Finance at The University of Mississippi. They are helping us with a variety of tasks this summer, particularly on the accounting and tax side. Not only are they getting school credit for this, but we also pay them. What a life!

If your children or anyone you know has an interest in tax and accounting and would like to join us in the future, please reach out and let us know.

Exciting New Service Lines: General Advisory and Tax Planning

At our firm, we understand that while our clients come to us for the basics like tax and accounting compliance, what they really want (and need) is our expert care. As we've grown, we've realized the importance of expanding and refining our service offerings. So, without further ado, we're thrilled to announce two brand new services that we're working hard behind the scenes to bring to market very soon.

1. General Advisory Service:

Ever wish you had a tax and accounting superhero on speed dial? Well, wish no more! Our new General Advisory Service offers unlimited access to us for a variety of needs, including IRS & State Tax notice resolution, Accredited Investor letters, general business advice, tax compliance support, estimated tax projections, and more. It’s like having a financial Swiss Army knife at your disposal.

2. Tax Planning Group:

You may already know that we offer top-tier Strategic Tax Planning for our high-net-worth clients with complex tax situations. This service customizes a tax plan tailored to each client's unique situation and investment strategy, ensuring the most efficient use of the tax code. In fact, this service has yielded over $30 million in tax savings in the past five years! Currently, this service is exclusively offered by Vince and is a one-on-one affair, making it very limited.

But here's the exciting part – we're building a subscription platform that will allow us to share our tax-saving strategies with a wider audience. This platform will introduce various tax topics, elaborate on the strategies we employ, and include ongoing Zoom Q&A sessions with our team and other expert advisors. We believe this will be a highly valuable service, allowing us to reach more people at once while still offering our bespoke one-on-one strategic plans.

If you’re interested in either of these services, sign up here to be alerted when we launch and for more specifics later. Don’t miss out on the opportunity to optimize your tax situation with our expert guidance!

We are hiring

Are you organized, detail-oriented, and passionate about supporting successful projects? We are seeking an enthusiastic Accounting Administrative Assistant to join our dynamic team, ensuring smooth operational flows and top-notch communication. Interested? Contact Bree at [email protected] and share your resume! You can find more details here - https://www.indeed.com/job/administrative-assistant-office-support-ecfdd925a79ae7da

Get in your Tax Work

Last but not least, if you haven't sent in your tax work yet, we've been contacting you tirelessly. We're not doing this to be a pest; we're just trying to avoid a hellish September and October. It's to your benefit to get your work in now rather than later. Do you want us working on your tax returns when we have 50 returns piled up behind yours and the pressure of a deadline, or would you rather have us work on your return while we're comfortable and can give you the full attention you deserve?

If you miss our deadlines, you might not get either option, and certainly not the latter. Our deadline for submitting documents for any business tax returns is July 15th. The deadline for submitting docs for a personal tax return is August 15th. We kindly request that you send us your stuff sooner rather than later. It will benefit you.

You can upload your docs here, or you can reach out to Alexceia directly at [email protected].

Client Corner - Investment opportunity in AI company

Our client is seeking to raise equity for a stake in an exciting new venture. This innovative company specializes in real-time tracking and condition monitoring solutions through advanced IoT technology. Their products, including GPS trackers and sensors, serve a variety of industries such as life sciences, food and beverage, and asset management. These services ensure precise, reliable, and compliant tracking, delivering actionable insights across global supply chains. The parent company already boasts global and Fortune 100 customers and offers edge hardware, universal APIs, insight software, global wireless connectivity, and certifications and approvals in heavily regulated sectors. They have a strong market presence and hold 17 patents protecting their proprietary technology. Their financial model is based on monthly recurring revenue.

For this AI investment opportunity, no revenue is estimated for 2024. However, projected revenue for 2025 is $7.6 million from existing customers of the parent. Valuations for AI companies in this industry typically range from 16.1x on the low side to well above 100x, with 25.9x being the median.

This is a tremendous opportunity with significant potential if you are willing to learn about the company and align with our client. If you are interested in exploring this opportunity further, please reach out, and we can provide more details and connect you with our client.