how can we say that?... ask an expert how can we say that? more access . better answers . we think...

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How Can We Say That?

More Access. Better Answers.

We think of you when you’re not thinking of us. We have a large network of resources in industry, finance and banking, legal, accounting, governance, investor relations and many other areas to bring you the right solutions to your corporate needs.

We pick up the phone when you call. We treat each client as if they are our only client.

We connect you.We connect you to our extensive network of relationships that help you promote your business.

We train our professionals.

We belong to the Kreston International affiliation of international firms.

We can address any of your international needs.

Our Mission is to deliver “More Access and Better Answers” through an unparalleled quality of service by trained professionals focused on the audit, tax and advisory needs of our clients.

Our Vision is to be your trusted audit, tax and advisory service firm by providing timely, cost-effective solutions delivered by the highest quality professionals.

Our Core Values include:

We understand the need to provide “More Access and Better Answers” from qualified professional resources to meet the rigorous requirements of your business.

Exceptional Client Service


Mission, Vision and Values

Accountability

Long-term Business Relationships

Integrity

Quality of ServiceInnovation

Professional DevelopmentRespect and Teamwork

Professional Excellence

David A. Grossman, CPACOO & Shareholder

[email protected] www.gbhcpas.com

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David A. Grossman, CPA is a founding shareholder of GBH CPAs, PC. David specializes in finance and accounting, mergers and acquisitions including reverse mergers and SPACs, SEC filings, IPOs and international operations. He is backed by years of executive accounting experience for both national and international corporations in multiple industries including energy, manufacturing, mining, telecommunication, technology, healthcare and distribution. David has acquired an ability to zero in on financial executive pain points and craft effective accounting solutions that hit the mark.

David is fluent in preparing the required statements for the SEC including Forms 10-K, 10-Q and registration statements. He is also well-versed in navigating the Sarbanes-Oxley requirements to ensure that internal controls and procedures are in place and operating effectively.

David earned a Bachelor of Science in Accounting with distinction from Indiana University and is an active member of the American Institute of CPAs and the Texas Society of CPAs, where he previously served as Chairman of the Houston Chapter of Texas Society of CPA’s Financial Institutions Study Group.

David is also a member of the Center for Audit Quality’s Small Firm Task Force to enhance the quality of public company auditing and financial reporting.

David A. Grossman

Jeffrey V. Houston, CPA is a founding shareholder of GBH CPAs, PC, Jeff brings over 30 years of experience from both the public and private sectors. From evaluating business development and acquisition proposals for new ventures to creating specialized plans for business refinancing and restructuring, Jeff has helped numerous budding enterprises, private entities, entrepreneurial enterprises, marketing companies, as well as regulated and unregulated energy companies to maximize their profitability and navigate the intricacies of financial regulations.

Having previously served in several senior executive roles in multiple industries including oil and gas, manufacturing and real estate, Jeff has developed an ability for expanding company resources through acquisition of capital funding, forging strategic alliances and mergers, as well as managing and pursuing business acquisitions.

Jeff is a Texas State University alumnus and is an active member of the Texas Society of CPAs’ Professional

Standards Committee since 2008. Jeff’s contribution impacts FASB, SEC, AICPA, GASB and PCAOB accounting and auditing standards.

Jeffrey V. HoustonJeffrey V. Houston, CPACEO & Shareholder

[email protected]

Herbert L. Kalman, CPA is a shareholder and the managing director of tax of GBH CPAs, PC. Herb, as he is referred to by his peers, is an accounting veteran with over 40 years of experience. He specializes in audit and tax clients, business valuations, litigation support and client profitability consultations. He has expertise in business exit planning strategies and business valuations.

Herb began his career in accounting in 1969, primarily working in the private sector. His lengthy career experience includes serving as an audit partner for two nationally acclaimed accounting firms – Deloitte and Grant Thornton. Herb founded the accounting firm Kaufman/Kalman P.C., which was acquired by Grant Thornton in 1989. Herb’s diverse and extensive experience includes serving as CFO of American BioMed, Inc., a NASDAQ development-stage healthcare company, and CFO of Cold Tap, Inc., a manufacturer of specialty refrigeration equipment. He operated his own CPA firm from 2001 to 2007, before co-founding Prather Kalman, P.C. and merging with GBH.

Active in his profession, Herb regularly hosts seminars for the Texas Society of Certified Public Accountants (Houston

Chapter) and is a former adjunct faculty member at the Center for

Professional Education in Broomall, PA. Herb is a University of Houston alumnus.

Herbert L. KalmanHerbert L. Kalman, CPAShareholder

[email protected]

James B. Hruzek, CPA is a shareholder of GBH CPAs, PC. Jim brings over 30 years of tax and business experience to his clients. His experience includes specialization in federal, state and international income taxation; estate planning and taxation; and accounting services to individuals, partnerships, and corporations engaged in a variety of industries including expertise in personal services, oil and gas operations and real estate.

Jim began his career with Ernst & Young after which he joined Conklin Hruzek & Co., P.C. where he eventually took over to lead the management of the practice. Jim joined GBH in January 2016. Jim graduated from Rice University and is a licensed CPA in Texas. Jim is a member of the following organizations:

American Institute of CPA's - Tax Division

Texas Society of CPAs

Houston Chapter of the Texas Society of CPAs

Past President of Rotary Club of River Oaks

Ducks Unlimited

Coastal Conservation Association

500 Ltd. Club, a charitable organization benefiting police officers injured in the line of duty

Honorary member of the Houston Intellectual Property Law Association

James B. Hruzek, CPAShareholder

[email protected]

James B. Hruzek

You deserve a CPA firm in which the professionals are committed to learning about your business to identify those otherwise missed opportunities. We deliver tangible and measurable value for our clients by leveraging our unique blend of capabilities and deep industry expertise.

Our specialized industry areas of expertise include:


Industry Profiles

Oil and Gas / Energy

Mining

Real Estate

Manufacturing

High Technology

Distribution

Service

Biotechnology

Pharmaceuticals / Healthcare

Our professionals have the regulatory experience to guide companies through the financial reporting rules and regulations of the SEC, as well as a thorough knowledge of the provisions that enable us to conduct efficient and cost-effective audits.

In addition to working with companies listed in the United States, we are also registered with the Canadian Public Accountability Board. This allows us to audit the financial statements for companies listed on the Toronto Stock Exchange and the TSX Venture Exchange.

For our clients contemplating initial public offerings, our professionals offer qualitative advice on the implications arising from the sale of equity and debt to the public.


Public Company Expertise

Our team has experience in all of the processes involved in the registration of securities. We are able to assist our clients in the preparation of both the registration statements and the necessary financial information to be included in the registration statements, including:

Our professionals have the regulatory experience to guide companies through the financial reporting rules and regulations of the SEC, as well as a thorough knowledge of the provisions that enable us to conduct efficient and cost-effective audits.

In addition to working with companies listed in the United States, we are also registered with the Canadian Public Accountability Board. This allows us to audit the financial statements for companies listed on the Toronto Stock Exchange and the TSX Venture Exchange.

For our clients contemplating initial public offerings, our professionals offer qualitative advice on the implications arising from the sale of equity and debt to the public.


Form S-1

Form S-3

Form S-4

Form S-8

Form 10

Offering circulars/prospectuses

Form 10-K

Form 10-Q

Form 8-K

404 Compliance

Sustained Compliance Solutions

Our team has experience in all of the processes involved in the registration of securities. We are able to assist our clients in the preparation of both the registration statements and the necessary financial information to be included in the registration statements, including:

For clients who have completed a public offering, we are able to assist in the preparation of quarterly and annual forms and statements, including:

Sarbanes-Oxley Regulations

Award Winning Firm


GBH is consistently named among the best firms in quality and the best places to work. Our employees make the difference. We are proud of them and the positive workplace atmosphere that they help create. It represents a key indicator that we continue to realize as a firm culture built on our promise to offer our employees a dynamic workplace; accelerated professional development and advancement potential within a supportive team environment. We are committed to creating an environment in which our employees can succeed. We also understand the importance of work/life balance. GBH has been selected by INSIDE Public Accounting as the Best of the Best Firms; the Houston Business Journal as one of Houston's FAST 100 Growing Companies; Accounting Today as one of the Best Accounting Firms to Work For; and the Houston Business Journal as one of Houston's Best Places to Work, reflecting the firm’s commitment to client service and our employee-friendly culture.

GBH is a member of Kreston International, a global network of independent accounting firms. Through Kreston, GBH offers reliable and seamless access to quality services through member firms located around the globe. As the 13th largest accounting network in the world, Kreston covers over 100 countries, providing a resource of over 20,000 accounting professionals and support staff.

In partnership with Kreston’s network of independent accounting firms around the world, our clients have access to invaluable accounting and tax solutions for the best competitive advantage in the global arena through leveraged first-hand resources and knowledge of international economies, regulations and jurisdictions.

As an independent member firm, Kreston allows us to navigate new markets and assist clients in establishing an international business presence, as well as expanding business operations overseas.

Commitment to Quality

Our Relationship with

International Standards on Quality Control

International Standards on Auditing for the conduct of transnational audits

Code of Ethics as issued by the International Ethics Standards Board for Accountants

As a Kreston International member firm, GBH commits to compliance with global professional accounting standards, including the following international standards:


Asian Market ServicesWe provide auditing services for Asian companies who want to go public in the United States or Canada and become listed on NASDAQ, NYSE, TSX or traded in the Over-the-Counter Market through an initial public offering or a reverse merger. We also offer audit, tax and advisory services domestically for our public and private Asian clients.

We are versed in the needs of Asian companies and bring the relationships, expertise and language skills to meet those needs. All of our services are based on a practical as well as a theoretical understanding of the processes and procedures of the SEC, industry regulations and the factors affecting the changes in regulations.

Navigating Markets Across ContinentsOur professionals, including people from China, Taiwan and Hong Kong, have the experience to guide you through the rules and regulations in the United States and Canada, as well as a thorough knowledge of the provisions that enable us to provide efficient and high-quality services for you.

We collaborate with firms in Beijing, Shanghai, Taipei and Hong Kong to offer professional accounting and auditing services for you upon your request.


International Reach

亞洲業務範圍本事務所為亞洲客戶提供上市前的審計服務，幫助企業以“首次公開募股”或是以“反向收購”的方式在美國納斯達克（NASDAQ）、美國紐約証券交易所（NYSE）、加拿大多倫多証券交易所（TSX）或美國場外櫃台交易系統（OTC Market）完成上市。本事務所同時也為已經在美國及加拿大上市或非上市的亞洲企業提供季度財務報表核閱、年終財務報表審計、年度稅務合規和其他咨詢服務。

本事務所能提供亞洲客戶充分的商業資源、需要的財務及會計知識以及地道的中文服務。我們憑藉著對美國証券交易委員會（SEC）規程、行業監管和相關因素的深刻理解和實際經驗對本所的客戶提供專業和全面的服務。

跨世界的專業服務本事務所結合了來自兩岸三地（中國大陸、台灣和香港地區）的專業人士，他們均擁有著豐富的規管經驗，能指導和協助企業遵行美國及加拿大的各項規程。我們所裡的同仁具備有專業的知識，能為亞洲客戶提供優質並且高效的服務。

本事務所聯合北京、上海、台北和香港等地的會計事務所竭誠為您提供您所需要的各項服務。


國際服務

In today's competitive business environment, expansion through acquisition is frequently a keystone business strategy. Many times, a merger transaction is the single most important transaction in the history of a business. Our management team has extensive experience helping companies buy and sell businesses. In addition, we offer pre- as well as post-transaction advisory services to non-client companies and individuals contemplating expansion through acquisition.

The key to a successful transaction is teamwork. GBH works closely with your other advisors to ensure that you maximize your value and minimize transaction-related income taxes and costs.


GBH’s Merger & Acquisition services include:

Perform financial due diligence

Assess quality of earnings with managment

Perform transaction valuations

Analyze the impact of acquisition synergies

Structure tax strategies to minimize the cost of the acquisition

Evaluate financing alternatives

Develop and implement integration activities

Mergers & Acquisitions

Since reviving in 2003, Special Purpose Acquisition Corporations (SPACs) are gaining popularity throughout many industries including technology, healthcare, consumer goods, energy, construction, services and emerging markets such as China and India. This reemergence occurred when entrepreneurs sought alternative means of securing equity capital and growth financing.

SPACs differ from reverse mergers, as they are a shell company with a clean financial slate, improved economics for management and are more transparent than private equity due to SEC regulation.

SPACs are constructed as blank-shell companies with no operations and are guided by management teams with mergers & acquisitions experience. SPACs are required to merge or acquire a company with the proceeds from their IPO within 12 to 18 months—defined by their letter of intent.

Experienced With SPACsIf you are seeking alternative funding or if you’ve tried to go public but were unable to do so, SPACs might be right for your company. SPACs are an investment vehicle that allows public investors to invest in areas typically sought by private equity firms. GBH is knowledgeable of accounting and reporting issues faced by SPACs, which includes unique accounting for deferred offering and acquisition costs and common stock subject to redemption.


Special PurposeAcquisition Corporations

Our Value PropositionFollowing are key reasons to use our firm:


Value Proposition

We are a full-service firm providing audit, tax and advisory services reflecting the depth and the breadth of our expertise

Our approach is to work proactively with management on accounting, tax and regulatory issues

We are a transaction-oriented firm with the experience to address complex mergers, acquisitions, dispositions, restructurings, financings and succession planning

Our partner team has first-hand executive-level experience in providing our clients with a broader view of business beyond accounting and tax issues

We are public company experts with deep SEC reporting experience and a firm grasp of finance and governance in public markets

Our staff is extensively trained in complex accounting issues affecting companies in diverse industries

WHAM - West Houston Assistance Ministries Thanksgiving Food Drive Food Pantry

Christmas Toy Drive Adopt-A-Family

Houston Food Bank Souper Bowl of Caring

Houston Texans Foundation Texans Running of the Bulls 5K Run/Walk

Star of Hope Doris and Carloss Morris Men’s Development Center

SEARCH Homeless Services

Texas General Land Office Adopt-A-Beach Program

Albert Einstein College of Medicine

Giving back to the community we live in is as important to us as our clients. Our desire at GBH is to take a portion of the gifts we receive throughout the year and pass that along to those less fortunate. We believe it is important to support those in the community who are trying to improve their lives and the lives of their families.

Over the years, our employees have volunteered by donating food, serving meals and donating items for homeless care packages, participating in the Adopt-A-Family program during the holidays and in toy drives. We have also participated in 5K runs, Adopt-A-Beach cleanups and made financial contributions to not-for-profit organizations.

GBH has contributed time and resources to:

www.gbhcpas.com

Community Involvement

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Our audit methodology by phase and the key activities within each phase is designed to be cost effective and reflects the continuous involvement of our most experienced engagement team members.

Phase One: Preliminary PlanningObtain an understanding of the business issues that your company is facing

Apply our understanding of the company, and the industry in which it operates, to assess key risks that need to be addressed during the audit

Perform preliminary analytical procedures to identify significant and unusual account balances, trends and transactions for audit emphasis

Assess internal control and fraud risk at the entity level

Identify significant accounts and processes (routine, non-routine and estimation)

Set planning materiality and tolerable misstatement

Communicate our audit plan and agree with you on timing and deliverables

Phase Two: System Documentation and Development of Detailed Audit Program

Review internal control and process documentation, including information technology (narratives, flowcharts and questionnaires)

Assess risk of material misstatement from error or fraud based on internal controls combined with the inherent risks of significant accounts


Audit Methodology

Phase Three: Year End TestingPerform detailed tests of account balances

Perform tests of controls

Evaluate quality and sufficiency of the evidence

Evaluate and communicate findings with you

Phase Four: Wrap-up and ReportingComplete final overall analytical review procedures

Communicate results with management

Assess financial reporting issues with management

Issue audit opinion

Issue audit committee communication letter


Our audit is designed to address those areas of importance specific to your company. Such areas are identified during Phases One and Two and are updated throughout our audit, modifying our approach as necessary. The audit takes advantage of areas where strong controls and processes exist and help you identify areas where improvements can be made to support the delivery of quality financial reporting.


Reverse Mergers

Whether you are weighing the risks/benefits involved with an upcoming reverse merger or navigating the complex accounting regulations that follow as a result of one, GBH can help.

A reverse merger is a method by which a private company goes public. The merger of a private operating company into a non-operating public shell corporation with nominal net assets typically results in the owners and management of the private company having actual or effective operating control of the combined company after the transaction, with shareholders of the former public shell exiting or continuing only as passive investors. These transactions are considered to be capital transactions in substance, rather than business combinations. That is, the transaction is equivalent to the issuance of stock by the private company for the net monetary assets of the shell corporation, accompanied by a recapitalization. The accounting is identical to that resulting from a reverse acquisition, except that no goodwill or other intangible assets are recorded.

Merge With EaseThe post reverse merger comparative historical financial statements furnished for the “legal acquirer” should be those of the “legal acquiree” (i.e. the “accounting acquirer”), with appropriate footnote disclosure concerning the change in the capital structure effected at the acquisition date. Ordinarily, the guidance of ASC 805 is applied in the allocation of the purchase price to the assets and liabilities of the accounting acquiree.

The Form 8-K reporting the acquisition contains financial statements of the accounting acquirer (the legal acquiree). Those financial statements thereafter become the financial statements of the registrant pursuant to GAAP.

The private company which has gone public seeks the benefits of public trading of its securities:

Increased liquidity of the ownership shares of the company

Higher share price and thus higher company valuation

Greater access to the capital markets through the possibilities of a future stock offering

The ability of the company to make acquisitions of other companies using the company’s stock

The ability to use stock incentive plans to attract and retain key employees

Going public can be part of a retirement strategy for business owners

Whether you are weighing the risks/benefits involved with an upcoming reverse merger or navigating the complex accounting regulations that follow as a result of one, GBH can help.

A reverse merger is a method by which a private company goes public. The merger of a private operating company into a non-operating public shell corporation with nominal net assets typically results in the owners and management of the private company having actual or effective operating control of the combined company after the transaction, with shareholders of the former public shell exiting or continuing only as passive investors. These transactions are considered to be capital transactions in substance, rather than business combinations. That is, the transaction is equivalent to the issuance of stock by the private company for the net monetary assets of the shell corporation, accompanied by a recapitalization. The accounting is identical to that resulting from a reverse acquisition, except that no goodwill or other intangible assets are recorded.

Merge With EaseThe post reverse merger comparative historical financial statements furnished for the “legal acquirer” should be those of the “legal acquiree” (i.e. the “accounting acquirer”), with appropriate footnote disclosure concerning the change in the capital structure effected at the acquisition date. Ordinarily, the guidance of ASC 805 is applied in the allocation of the purchase price to the assets and liabilities of the accounting acquiree.

The Form 8-K reporting the acquisition contains financial statements of the accounting acquirer (the legal acquiree). Those financial statements thereafter become the financial statements of the registrant pursuant to GAAP.

The private company which has gone public seeks the benefits of public trading of its securities:

Increased liquidity of the ownership shares of the company

Higher share price and thus higher company valuation

Greater access to the capital markets through the possibilities of a future stock offering

The ability of the company to make acquisitions of other companies using the company’s stock

The ability to use stock incentive plans to attract and retain key employees

Going public can be part of a retirement strategy for business owners


Employee Stock Ownership Plans (ESOPs) are an often overlooked exit strategy for a business owner. ESOPs come with substantial tax advantages for the company and for those who sell stock to the ESOP in certain situations. An ESOP can be used for a business owner to sell 100% of his business or sell part and continue to be involved in management or even continue to stay in control.

We’re seasoned in Employee Stock Ownership Planning. GBH has been involved with ESOPs in many roles including:


Employee StockOwnership Plans

Consultation regarding creating an ESOP

Valuation for ESOP transactions and annual updates of value

Auditing of ESOP companies and plans

Consultation regarding repurchase obligations

Whether your business is a family-owned organization or a private venture, we understand that transitioning ownership can be a complex and often emotionally charged event. After all, you’ve invested years of time and toil building it to its current level. So as you look to continuing the future success of your business, you need a guiding hand to help you navigate the complex succession issues and create a plan that will result in a good “fit” for continued accomplishments.

An Approach Tailored To Meet Your NeedsGBH thoroughly reviews factors such as business valuation, tax strategies, family strategies and financing strategies to reach your goal of the best after-tax value for you and your family. Our team can help you analyze and assess critical issues, provide detailed recommendations, assist you during the succession plan implementation and help with periodic evaluations of the plan to ensure that it’s on track.

The personalized approach we offer is just one of many reasons why we’ve built so many lasting relationships spanning across numerous industries.


Succession Planning

Business valuations can assist organizations in making well-founded decisions across a number of areas, from tax compliance, tax planning, mergers and acquisitions, to strategic planning and resolving litigation disputes.


Business Valuations

Let GBH show you how our comprehensive knowledge of tax law and industry-specific valuation drivers can result in an accurate and robust business valuation, enabling you to make more informed decisions and enhancing the profitability of your organization.

Our valuation team members have thefollowing credentials:

Accredited in Business Valuation (ABV) – American Institute of CPAs (AICPA)

Certified Valuation Analysts (CVAs) – National Association of Certified Valuators and Analysts

Accredited Senior Analyst (ASA) – American Society of Appraisers

Business valuations can assist organizations in making well-founded decisions across a number of areas, from tax compliance, tax planning, mergers and acquisitions, to strategic planning and resolving litigation disputes.

These designations require CPAs to uphold rigorous standards when conducting a wide-range of business valuations such as:

Let GBH show you how our comprehensive knowledge of tax law and industry-specific valuation drivers can result in an accurate and robust business valuation, enabling you to make more informed decisions and enhancing the profitability of your organization.


Allocation of purchase price

Buy/sell agreements

Corporate reorganizations including interests in partnerships in connection with family gifting

Grants of stock in private companies including those grants subject to IRS Section 83(b) and IRS Section 409A

Economic damage calculations

Employee stock ownership plans (ESOPs)

Gifts and sales of private or public company corporate stock to family members

Inheritance of minority interest and controlling interests in private companies and family partnerships

Partnership and/or shareholder disputes

Pursuing and/or defending litigation

Sale or transfer of business

Tax liabilities

Valuation of net unrealized built-in gains for C-Corp to S-Corp conversions

You’ve worked hard to build wealth for you and your family. That’s why creating a strategy to protect it and provide a legacy for future generations is so important. Without a carefully constructed estate plan, much of your wealth could end up in the hands of the state or spent on high tax bills.

Smart Planning For Your Hard Earned AssetsFrom creating a will that honors your wishes to consolidating your retirement assets, to avoiding probate, GBH works directly with you to discover how you, specifically, want your wealth re-purposed. Then, we map out the most efficient tax plans—ones aimed to keep the largest amount of assets in your pocket.

We’ll show you ways to decrease or eliminate estate taxes through gifting strategies, help you determine the best sources for drawing your retirement income (as many have drastically different tax consequences), and guide you through reporting for charitable giving plans or trusts. We’ve helped thousands of clients gain peace of mind that their loved ones won’t be burdened with additional stress when settling their estate.


Estate Planning

Regardless of whether you’re on the plaintiff or defendant side of litigation, lawsuits are a source of stress and anxiety. With your reputation and hard-earned dollars riding on your claim’s success, it’s imperative to work with an expert who can identify and articulate the issues and can act as an expert witness when needed. It’s just as important that you choose an expert capable of clearly identifying weaknesses in the opposition’s analysis.

Expert Support Whether You’re a Petitioner or RespondentOur specialized litigation team has the experience and know-how to support your legal matter with sound forensic skills that can prove valuable to your case. Whether you’re the petitioner or respondent, let GBH’s qualified team assist you throughout your litigation.


Litigation Support

As your business evolves, so do your tax needs. As income grows and assets are acquired, the same strategies you employed in the past may be working against you today. As the tax code evolves and the literature of the tax law grows, it’s becoming more and more difficult to even know what questions to ask, never mind how to interpret the answers. We understand that most taxpayers “don’t know what they don’t know” about tax. You deserve a CPA firm in which the tax professionals are committed to learning enough about your business to identify those otherwise missed opportunities.

Tax Planning That Works for YouThe seasoned, multi-disciplinary tax planning team at GBH will analyze your previous strategies, identify strengths and opportunities and work with you to create a plan that minimizes your exposure and produces maximum cash flow to you and your business. We have helped our clients keep millions of dollars in their accounts – money they would have otherwise handed over to the IRS and state revenue departments. We’d like to do the same for you.


Tax Planning

Tax planning services offered by GBH include:Federal, state and local tax reviews and planning

Charitable giving strategy

Maximizing state and local tax refunds

Personal property tax analysis

Gain/loss modeling and projecting

Net operating loss utilization

Today’s financial landscape commands expertise and flexibility when it comes to dealing with the ever-changing and growing regulatory environment, inevitably making it even more complicated for business entities and individuals to navigate on their own.

On top of this, failing to comply with taxation protocols leads to problems. It can greatly impact your bottom line and result in hefty fines. These penalties lend added incentive to consult with tax professionals who are current on federal, state and local guidelines and requirements.

Stay On Top of New RegulationsGBH tax professionals are held to the highest standards, continually staying abreast of changes to tax regulations, policies and procedures. We continually monitor IRS and other regulatory bodies to bring you actionable and relevant information regarding new laws, regulatory changes and court decisions that will impact your reporting requirements. From this, we create a clear approach helping you plan for tax liabilities and refunds as well as projecting how cash flow will impact your overall tax strategy.


Federal & StateTax Compliance

Tax Compliance for Your Every NeedGBH specializes in multi-disciplinary state and federal tax compliance, such as not-for-profit, international tax, financial advisory, information technology, regulatory compliance, valuation, mergers and acquisitions, as well as local, state, and federal income taxes in order to meet your individualized tax compliance needs.

Our advanced electronic data collection, project management, e-Filing and workflow tracking create a well-documented electronic paper trail. These tools and processes help expedite time-sensitive issues and allow us to integrate data with any major accounting and tax platform.

Today’s financial landscape commands expertise and flexibility when it comes to dealing with the ever-changing and growing regulatory environment, inevitably making it even more complicated for business entities and individuals to navigate on their own.

On top of this, failing to comply with taxation protocols leads to problems. It can greatly impact your bottom line and result in hefty fines. These penalties lend added incentive to consult with tax professionals who are current on federal, state and local guidelines and requirements.

Stay On Top of New RegulationsGBH tax professionals are held to the highest standards, continually staying abreast of changes to tax regulations, policies and procedures. We continually monitor IRS and other regulatory bodies to bring you actionable and relevant information regarding new laws, regulatory changes and court decisions that will impact your reporting requirements. From this, we create a clear approach helping you plan for tax liabilities and refunds as well as projecting how cash flow will impact your overall tax strategy.

Tax Compliance for Your Every NeedGBH specializes in multi-disciplinary state and federal tax compliance, such as not-for-profit, international tax, financial advisory, information technology, regulatory compliance, valuation, mergers and acquisitions, as well as local, state, and federal income taxes in order to meet your individualized tax compliance needs.

Our advanced electronic data collection, project management, e-Filing and workflow tracking create a well-documented electronic paper trail. These tools and processes help expedite time-sensitive issues and allow us to integrate data with any major accounting and tax platform.


Tax planning services offered by GBH include:Federal, state, and local tax reviews and planning

Charitable giving strategy

Maximizing state and local tax refunds

Personal property tax analysis

Gain/loss modeling and projecting

Net operating loss utilization

If you’re a business operating in the international economy, there are many significant research and development (R&D) tax incentives available. The most well-known being federal, state and global state tax credits for product development. However, there are many tax incentives that companies don’t even realize are available for operational improvements such as environmental advances, creating new manufacturing methods, as well as enhancing quality and efficiency of processes.

With two existing methods of calculating R&D tax credits—the traditional incremental research credit and the alternative simplified credit—it’s difficult for most companies to dedicate the man-hours needed to discover and maximize each available credit.

Navigate Complex R&D RegulationsIn addition, R&D tax incentive rules and guidelines are constantly changing. This complex and ever-changing landscape is the exact reason why you need a team of dedicated tax professionals on your side, one that can devote its knowledge and resources to identify and claim every R&D tax incentive available to you.

GBH has the tools and technology needed to support the gathering of information and documentation process in a highly organized, efficient way. This allows you to focus on what you do best while gaining valuable tax incentives that might have been otherwise overlooked.


R&D Credits

You might have heard the old saying, “It’s easier to beg for forgiveness than to ask for permission.” However, that adage doesn’t necessarily hold true for business owners. One misstep setting up your corporation or a bad decision when filing important tax documents can result in an expensive trip down the road to reconciliation with the IRS.

That’s why utilizing an experienced accounting firm — one that helps generate smart business decisions — can literally save you thousands of dollars (or more!) each year. Because in business, it’s almost always cheaper (not to mention less stressful) to do something correctly the first time, rather than having to fix it later.

Accounting That Works For YouBy enlisting the help of our skilled CPAs, you can drastically reduce your financial stress. You’ll rest assured that you are making well-founded business decisions based directly on accurate records and reports


ProfessionalAccounting Services

GBH can help you:

Determine how to properly structure your business entity and ownership formation

Create a format for hassle-free reporting

Manage payroll and ensure W-2s and 1099s are accurate and sent at the proper time

Advise on personal and business expense deductions

Help maximize your understanding of financial reports and statements

Ease your accounting workload by maintaining accounts payable/receivable transactions

International companies are operating in an environment of extraordinary complexity. Complying with the differing regulations and restrictions of various tax jurisdictions has become more demanding as each global market presents new tax planning and compliance challenges. Working with a trusted professional with extensive experience and a worldwide network can help you leverage all probable tax strategies and decrease your exposure to transfer pricing adjustments and tax penalties. Our goal is to provide customized transfer pricing solutions and reduce the chance of transfer pricing adjustments by tax authorities.GBH is a member of Kreston International, a global network of independent accounting firms. As a member of Kreston International, we can provide local assistance wherever our clients do business around the world.


Transfer Pricing

Transfer pricing services offered by GBH include:

Transfer pricing documentation

Risk and opportunity assessment

Strategic planning and consulting

Tax controversy and dispute resolution

One of the most commonly overlooked U.S. export incentives for any U.S. business exporting products or services overseas is the Interest-Charge Domestic International Sales Corporations (IC-DISC). Few companies take advantage of this tax incentive, but many are eligible. IC-DISC is a valuable and relatively simple solution, which can result in reducing cost and improving profit margin for qualifying exporters, including some architectural and engineering firms.

Who Qualifies for IC-DISC? Exporters that are good candidates for the IC-DISC include, but are not limited to, the following:

At GBH, we offer complete IC-DISC services, including overseeing the formation of the corporation, preparation of the IC-DISC election, calculation of the IC-DISC commission, and the annual maintenance, accounting and tax return compliance of the IC-DISC.


IC-DISC

Businesses that directly export their products

Businesses that sell products that are destined for use overseas

Architectural and engineering firms who work on projects that will be constructed abroad (even though the work is performed in the United States.)

Pass-through entities and privately held corporations

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