Connecting tax advice to wealth management.
SUSMV professionals partner with Honkamp Krueger Financial Services (HKFS) to meet the wealth management needs of our clients. We will work seamlessly with HKFS to offer you an all-encompassing approach to financial planning. As CPAs, we provide you with valuable advice on how to strategically approach your tax situation. HKFS offers a unique approach to wealth management by working in partnership with the CPAs at SUSMV to leverage your investment, insurance and retirement planning decisions with your tax planning.
How SUSMV and HKFS can help you?
- Tax analysis - You will receive a comprehensive view of your financial plan, incorporating taxes, investments, insurance, retirement and estate. Most investments and life insurance policies have tax aspects your CPA is familiar with and can integrate into your plan.
- Investment & Insurance Review – An independent and objective investment and insurance review ensures an experienced team is looking at the whole picture, rather than piece by piece.
- Free Services - Investment and risk management review are conducted at no charge.
- Savings - Investment and risk management reviews can uncover savings opportunities that are often significant.
- Financial Profile – Your CPA and HKFS financial advisor will team up to provide you with advice consistent with your financial situation and tax plan. After developing a plan, our ongoing assistance helps keep you on track with your goals.
- Confidence - Knowing experienced CPAs and advisors are working collectively in your favor assures you that your financial goals and dreams are obtainable.
Financial & Estate Planning
A solid financial plan is a series of steps or objectives designed to accomplish a financial goal. With certified financial advisors on our staff, SUSMV offers a total financial and estate planning program. We begin with a comprehensive needs based analysis to help you clearly define your financial goals. With your goals in place, we will work with you to implement a personal plan designed to help you achieve the life you desire for you and your heirs.
We regularly review your investment program with you to ensure you are achieving the maximum return at an appropriate risk level. As you consider new investment opportunities, you can count on us to act as your sounding board and advisor.
Through comprehensive estate planning, we can help preserve your estate, minimize estate taxes and eliminate the uncertainties your loved ones will face when settling your affairs.
Our financial & estate planning services include
- Net Worth Analysis
- Investment Review
- Insurance Review
- Education Planning
- Retirement Planning
- Family Gifting
- Family Business Transfers
Tax Planning & Preparation
The hardest thing in the world to understand is the income tax. This is too difficult for a mathematician. It takes a philosopher.
The key to taking advantage of opportunities for minimizing or avoiding tax exposure is proper tax planning. The professionals at SUSMV have the knowledge and depth to work with you to develop a personal tax plan tailored to meet all of your tax and financial goals, in language you understand.
Don’t just react to taxes once the year is over. Because we are always up to date on the latest tax laws and procedures, we are able to take a proactive approach when it comes to providing you with the best and most complete tax services available. Our team can identify key tax planning opportunities in all of your financial decisions throughout the year to minimize your current and future tax liabilities. We can help you preserve the equity you have worked so hard to build.
Beyond tax return preparation and compliance, we are prepared to recommend tax-saving strategies and serve as your advocate in tax matters.
Our tax planning & preparation services include
- Tax return preparation
- Strategic tax planning
- Review tax withholding
- IRS and other tax agencies audit representation
Business Planning & Consulting
At SUSMV, we understand that no one knows your business like you do. Our professionals will help you evaluate your unique business and create a strategic plan to achieve growth and success. We will listen to you, learn your business, and use our experience and knowledge to help you achieve your business goals. You will find our team is comprised of critical thinkers and problem solvers.
Starting a new business on the right path is crucial to long term success. According to the U.S Small Business Administration, half of small businesses fail within the first five years. Why? The most cited reasons are lack of experience, insufficient capital, and poor financial management. If you are starting a business, we can help select the proper organizational structure, make the proper elections and help to secure adequate financing. Our staff will team with you to build a strategy for successful financial management, including a proper accounting system, training, and periodic review of your financial statements for accuracy and effectiveness.
Successful, well established businesses are continually striving for opportunities to manage their businesses more effectively and profitably. We can work with you to develop a strategic plan for your established business, based on your situation and needs. We will work with you through all of your business needs, including investment reviews, loan applications, pricing, credit policies, cash flow, cost controls, sales and acquisitions and your other business challenges.
We prepare compiled, reviewed, or audited financial statements. And most importantly—we can help you use your statements to manage your business more effectively and profitably.
Recordkeeping & Financial Reporting Services
You need recordkeeping and accounting systems designed to fit your business’ needs. That’s where SUSMV can help. Whether you want to add our expertise to your existing team or completely outsource your accounting and finance functions, we offer reliable options.
We can help your accounting staff set up an accounting system that makes sense for your business – everything from setting up a chart of accounts to generating financial reports to help you make informed decisions for your business.
Today, outsourcing accounting and accounts payable and receivable functions is recognized as an effective management tool. Companies often incorporate outsourcing as a strategy in business planning. By outsourcing your non-core business functions, you reduce the administrative demands on your staff, and free up time to focus on providing better customer service, producing a better product, and running your business in a more cost efficient way. We can customize a package of accounting outsourcing services that will supplement your current staff to lessen the drain on administrative time.
If you want us to take care of all of your bookkeeping, the staff at SUSMV can record your transactions and prepare financial reports, journals, and general ledgers. We can also help with your other financial recordkeeping and reporting requirements, like sales tax preparation, to minimize red tape.
The staff at SUSMV can help you
- Pay bills by preparing computer generated cash disbursement checks
- Create invoices to send to your customers
- Record receipts and disbursements
- Track your accounts payable and receivable
- Balance your checkbook and reconcile bank and credit card statements
- Prepare and file sales and use tax reports
- Prepare financial statements
If you’re like most business owners, you’re looking for payroll services that are fast, efficient, and trouble-free. We can help you focus on what you do best – running your business, by helping you with this critical but time-consuming task. Our payroll services staff produces a complete payroll processing package, which includes direct deposit or computer-generated checks for your employees, tax deposits and filing reports for all related tax agencies and other payments, along with a wide variety of available payroll reports and analyses.
Many small business owners prefer to keep their payroll processing in house, but don’t want to prepare and submit the monthly and quarterly reports to state and federal tax agencies. Our after-the-fact payroll service allows you to retain in-house payroll processing, with the confidence and security of knowing that all your payroll taxes and reporting are being handled properly.
Whether you need complete payroll services, or after-the-fact payroll reporting, you can have the peace of mind knowing that our payroll staff is taking care of your payroll needs and reporting obligations.
Tax Planning & Preparation
Every business faces the reality of tax requirements. Beyond simply preparing all required tax forms, our team wants to be involved in business and tax planning throughout the year. We will regularly advise you and your business so it functions in a tax efficient manner.
We understand that your personal finances are integrally linked to your business finances. We view the two holistically and offer advice on both fronts. For example, while serving as your small business accountant, we might offer advice on retirement planning and estate planning that will complement your small business and will ultimately leave you in a stronger financial position.
Our firm is in the heart of the Midwest and many of our clients are connected to the agriculture industry. We know what it takes to be in the agriculture industry – many of our staff have farming backgrounds. From closely held family farms to large corporate farms and grain elevators, we are dedicated to providing the sophisticated accounting, tax, consulting, and management advisory services required in the agricultural environment. We have industry-specific training and knowledge in farm income tax preparation and tax planning services.
Closely Held Businesses
Small businesses are the backbone of the economy, locally and around the country. Family businesses face unique challenges in every phase of their development from start-up to changes in ownership. SUSMV has decades of experience helping businesses reach their goals. We are proud to assist businesses in learning to set and achieve objectives that provide a firm foundation for success long into the future.
The industries we serve include
- Real Estate
- Professional Services
- Wholesale and Retail
* Advisory Services offered through Honkamp Krueger Financial Services, Inc., a Registered Investment Advisor.
** Securities offered through ProEquities, Inc., a Registered Broker Dealer and member FINRA and SIPC. Advisory Services offered through Honkamp Krueger Financial Services, Inc., a Registered Investment Advisor. Honkamp Krueger Financial Services, Inc. and Schuring and Uitermarket Financial Services, Ltd. are independent of ProEquities, Inc. ProEquities provides financial products and services, and does not provide or supervise tax or accounting services. Advisors may provide tax, accounting, or other services through their independent outside business, but these services are separate and apart from ProEquities.
Please be advised that presently Stan Schuring holds Series 6 and 63 licenses in Iowa, Missouri and Colorado and Mike Ver Meer hold Series 6 and 63 Licenses in Iowa. For residents of other states in which registration is not held, proper license and registrations must be obtained before proceeding further. No part of this communication should be construed as an offer to sell any security or provide investment advice or recommendation. Securities offered through ProEquities, Inc. will fluctuate in value and are subject to investment risk including possible loss of principal.