At Sam Kan & Company (SKC), we not only offer individual services, but we provide comprehensive packages that are designed to meet the specific needs of our clients. Of course, each client situation is unique – therefore each package is tailored to suit the individual concerns of a specific client. However an overview of our offerings here at SKC can include the following:
ERISA Audit/Benefit Plan
SKC can assist you in preparing for and meeting the requirements of employee benefit plan audits. These audits will include health and welfare, 401(k) plans and pensions as subject to the Employee Retirement Income Security Act (ERISA), which is under the regulatory authority of the U.S. Dept. of Labor (DOL).
SKC is prepared to provide the professionalism needed to attain the highest audit quality level possible. While working in conjunction with your human resources personnel and plan administrator, SKC will offer your team a sense of confidence when working within the audit preparation structure and subsequent plan reporting, while maximizing audit quality and efficiency.
Projections and Budgeting
Outside assistance is often required by a business in the preparation of financial forecasts, internal budget preparation and economic projections. At SKC, we can assist you with internal management issues that can include; bank financing application support, meeting the terms of a current financial agreement, assessing the consequences of actions that may involve a move to a new facility or new equipment purchase.
A company’s financial forecast is a prospective financial statement that will present an entity’s projected financial position along with the results of its management decisions, operations and financial position adjustments. A financial projection is based upon hypothetical assumptions utilizing the same data. The difference is that a projection, unlike a financial forecast, can sometimes be utilized to present hypothetical courses of action for management evaluation.
Capital Access and Financing
SKC offers a close partnership with our clients in order to develop the relationship needed for identifying the most advantageous sources of debt and equity. SKC will also offer the ability to provide contacts throughout the financial industry that will allow us to match our client’s needs with specific investment and banking organizations. These organizations will include private investors, banks, hedge funds, private equity funds, business development companies along with small business investment firms.
Estate Planning Strategies
An increasing concern to families, with significant assets, is the protection of those assets. SKC can assist with comprehensive estate planning packages, which can include will structuring that will enable:
- The creation of Family Limited Partnerships
- The transition of family businesses
- The creation of Family Foundations
- Various other strategies to minimize potential excessive taxation
SKC is also exceptionally experienced in Grantor Retained Unitrusts (GRUTs), QTIP Trusts for spouses, Grantor Retained Annuity Trusts (GRATs), Grantor Retained Income Trusts (GRITs) and various other tools that can be used in the Estate planning strategy that is most advantageous to you and your family.
