Professional Accounting’
financial services group has over 20 years of experience servicing
domestic and offshore hedge funds, funds of funds, private
equity funds and commodity pools. We have a diverse client
base and service both start-ups and large institutional funds.
Our professionals have expertise in the latest strategies
and financial instruments and we customize our services to
suit your particular needs.
The position of general partner brings with it a great deal
of responsibility and requires the assurance that information
communicated to all partners is meaningful, accurate and timely.
Our Firm has the experience and technical resources committed
to accomplishing these objectives. Our resources enable us
to minimize the general partners’ involvement in accounting
and tax matters, so that they can concentrate on investment
performance.
Start Up Services and Partnership Organization
At the inception of the partnership, we work as a team with
the general partners and their counsel to review and assist
in the formation of the partnership agreement and private
placement memorandum, and determination of the following:
Organizational structure
Management fee and incentive allocation
structure
Investor liquidity requirements
Management company’s operating
cash requirements
Management company’s staff requirements
Audit and Accounting
We offer the following accounting and audit services:
Advice regarding operational
techniques
Year-end audit of financial statements
and capital accounts in accordance with generally accepted
accounting principles
Review of partnership agreement to determine
proper partner allocations
Preparation of annual statements of accounts
to limited partners
Review of interim books to facilitate
investor contributions and withdrawals
Consultation regarding regulatory issues
Tax Services
Investment funds have complex tax issues. Our professionals
are experienced and highly trained in securities taxation. The
services we provide include:
Responsive and creative tax
planning with respect to securities transactions to ensure
optimum tax benefit
Timeliness in furnishing annual K-1s
to partners, including equitable allocation of realized
transactions to each partner’s tax capital account
Year-end estimate letters to enable partners
to tax plan
Preparation of tax returns for the management
company and general partner
Preparation of federal, state and local
person income tax returns
Representation before the Internal Revenue
Service and any other agencies
Industries
