Financial Reporting and Tax Planning for Individuals and Families
Financial reporting and tax planning for individuals and families with significant income and assets, prepared directly by a Certified Public Accountant.
Financial Reporting
A Statement of Financial Condition and related notes, prepared for a defined date or refreshed on a quarterly cadence.
- A statement as of a date for financing, estate or trust work, divorce, a transition, or your own reference
- An optional Statement of Changes in Net Worth when period activity is relevant
- Quarterly reporting with a refreshed statement, updated notes, a Statement of Changes in Net Worth, and a concise memo each quarter after the baseline
Tax Planning
A projection for the tax year and a written plan, renewable each year.
- Review of recent returns and current-year information
- Each recommended action, its reasoning, and its deadline, in writing
- A working meeting to go through the plan
- Follow-up questions for the period set in the engagement letter
- Written to carry into your return, whoever prepares it
Is this relevant to me?
Use these two short steps to see a possible starting point for a conversation. They do not determine what is appropriate for your situation.
A possible starting point
Choose any circumstances above to see a possible starting point for the conversation.
A Statement as of a Date commonly fits a defined request or transition. It is often the right starting point when a lender, court, counterparty, estate or trust matter, divorce or prenuptial planning, or a transition sets the date and intended use.
Tax Planning commonly fits a question about the year ahead. It can be engaged on its own or alongside a financial statement.
Quarterly Reporting commonly fits a current and ongoing picture. It is often the right starting point after a baseline statement is established.
Third parties often use their own form or format. Aurora prepares the underlying statement and, when the engagement letter expressly includes it, may organize information from the completed statement into the format the requesting party requires. Bring the form to the initial conversation. See how the information works together.
When no complex holdings apply, a full statement may be more than the situation requires, and the requesting party’s form may be sufficient on its own. The initial conversation can clarify the request.
Complex holdings are central to Aurora’s financial reporting work.
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Common to Every Engagement
- The scope, dates, deliverables, and fee are defined in writing; additions are agreed before more work begins.
- The applicable reporting framework and deliverables are stated in the engagement letter. Aurora’s personal financial statements are prepared under U.S. generally accepted accounting principles within the agreed scope.
- With your written authorization, Aurora may coordinate with your advisors to obtain relevant records.
Professional Work and Boundaries
What Aurora’s work adds
- One consistent presentation assembled from records created for different purposes.
- Professional judgment applied to the reporting framework, valuation approaches, and disclosures.
- A written tax plan with each recommended action, its reasoning, and its deadline.
- Relevant reports from existing appraisers, valuation specialists, and investment managers used when appropriate and authorized.
Services not provided
- Audit, review, or verification of the underlying information, or any assurance on it.
- Business valuations or appraisals.
- Legal or investment advice.
- Investment management or bookkeeping.
If a requesting party requires a different format or service level, Aurora confirms that requirement before accepting the work. Any additional service is scoped separately.
A brief conversation can clarify the purpose, timing, and scope for any of these services.