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Family Business

During the next decade, family businesses across the country will attempt to successfully transition nearly $1 trillion in assets from one generation to the next. At Bowers & Company CPAs, PLLC, we have established the Family Business Practice Group, a team of expert accountants and consultants committed to helping you meet this challenge head on.

As an Underwriter of the New York Family Business Center, we support the efforts to understand the special needs and requirements of family businesses; and help supply them with the tools and resources specific to family businesses in Upstate New York.

Bowers & Company Services You Can Expect

  • Conflict management, negotiation and problem solving
  • Estate and tax minimization planning
  • Developing effective compensation systems for family members and key non-family employees
  • Facilitating regular family meetings to establish business goals, values and priorities
  • Family office implementation and management
  • Key non-family executive search and placement services
  • Retirement and financial planning
  • Significant benefit of the family office is confidentiality
  • Succession and ownership transfer planning
  • Strategic planning

Is Bookkeeping delaying filing your taxes?

If you own a small business and haven't kept up your bookkeeping, don't worry. We can help you. We'll prepare your bookkeeping for the year, prepare a full Schedule C, as well as your personal income tax return. Then we'll help you set up an easy system that allows you to keep your books in tip-top shape next year.

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