Services

Taxation

Navigating the complexities of domestic and international tax codes requires up-to-date expertise. At Ray & Chi LLP, we meticulously approach each situation, exploring every angle to optimize the accumulation and preservation of your assets.

Our tax clients are a sophisticated and entrepreneurial group of high-net-worth individuals and businesses. Our diverse team of tax professionals, each with unique backgrounds and specialties, ensures that we can match our clients with the most effective team to meet their intricate needs.

We consistently strive to exceed expectations, adopting a hands-on approach to client service that translates into more interactions and time with partners. By investing in understanding our clients’ businesses and needs, we better serve them. Our multidisciplinary approach and comprehension of the interrelationships among components that build our clients’ net worth enable us to develop strategies that enhance their overall financial position.

Tax Planning and Preparation

Combining tax planning and preparation forms a winning strategy for our successful individual and business clients. Whether you are an individual, corporation, or multi-tiered partnership, Ray & Chi’s experienced staff can develop tax strategies that leverage new tax laws and legislation.

International Tax

Our extensive experience with the taxation of U.S. residents doing business abroad and foreign citizens working in the U.S. has provided us with a deep knowledge base in international taxation. Additionally, we have the expertise to advise new immigrants on the tax implications of foreign asset reporting.

IRS/Tax Audit Representation

With years of experience dealing with various taxing authorities, Ray & Chi LLP has achieved a level of competence that ensures our clients are properly represented before federal and state tax agencies.

Accounting and Financial Reports

Thorough and well-organized financial records are fundamental to the success of any business. At Ray & Chi LLP, we understand that effective daily operations rely on detailed financial records. Therefore, meticulous accounting services are a crucial component of the comprehensive solutions we offer our clients.

Bookkeeping and Financial Statements

Providing timely and accurate financial information to our clients is a commitment we uphold without compromise. Well-organized financial records ensure that your business operations run efficiently on a daily basis. Ray & Chi LLP has developed a robust and efficient accounting division to deliver a full spectrum of services to our clients.

Comprehensive Payroll

We assist our clients with employee payroll management and ensure timely payroll tax filings.

Other Accounting Services

We also offer a range of other state and local accounting services, including sales tax, business property tax, and city business licenses.

Audit and Assurance

Our Assurance Services range from comprehensive business audits, to providing independently reviewed or audited financial statements, to reviewing and making recommendations for improving accounting control systems. Ray & Chi LLP, we go beyond delivering financial statements; we help you understand them, enabling smarter business decisions through our industry-specific expertise.

Audits

We provide audit services for privately-held and tax-exempt entities, adhering to U.S. Generally Accepted Auditing Standards (GAAS). Our audit approach is rooted in integrity, objectivity, and independence, ensuring compliance with professional standards and regulations. By focusing on high-risk areas, we address potential misstatements in your financial statements effectively.

Reviews

A review offers a cost-effective alternative to an audit, providing limited assurance on your financial statements. Through analytical procedures, inquiries, and other diagnostic tools, we deliver a thorough review that meets your financial reporting needs without the extensive scrutiny of an audit.

Compilations

For clients who maintain their own accounting records, we offer compilation services to present financial statements to third parties. This service involves organizing your data into a proper financial statement format, fulfilling the requirements of both management and external users.

Business & Management Advisory

We serve as trusted advisors in managing our clients’ businesses. From inception through growth and maturity, we work closely with our clients to actively listen, evaluate their needs, recommend alternatives, and offer individualized, innovative, and well-researched solutions.

The relationships we cultivate with each client provide us with deep understanding and valuable insights into the intricacies and needs of both the businesses and their owners. Our dual perspective from providing audit and tax services uniquely positions us to deliver holistic business solutions tailored to each client’s objectives.

Our business and management advisory services include, but are not limited to:

  • Business entity selection
  • Business start-up and growth consulting
  • Organizational structuring or restructuring
  • Assistance with obtaining business financing
  • Financial projections and forecasts
  • Compensation planning and structuring
  • Interim CFO/Controller services
  • Evaluation of job candidates
  • Buy/sell agreements