Pace & Associates CPAs LLC

learn about our history About Our Firm Tune in to this episode of the David Vs Goliath podcast where host Adam DeGraide interviews our very own Marcey Whitney, and discusses the differences between Financial Accounting and Fiduciary Accounting when it comes to your Estates… Podcast Episode Pro Tips In Not Having Your Family Sue Your …... https://pace.cpa/about

#trustaccounting #cpa Trust Accounting can provide trustees with much-needed protection. But in order to obtain court approval, your trust accounting must meet many technical requirements from the probate code. That’s why it’s important to have assistance from an experienced and reliable professional when preparing a trust account. With our services, you have the peace of mind that comes with knowing your trust accounts are properly filed according to state regulations — increasing the likelihood of successful court approval. Our experts will make sure your records are organized, accurate and legally compliant so that you don't need to worry about costly mistakes o... http://www.pace.cpa

Form 706 is a tax form used to report the value of a deceased person’s estate and to calculate any federal estate tax owed. When a person dies, their assets are often transferred to their heirs through their will, a trust, or intestate succession laws. If the total value of the assets transferred is above …... https://lnkd.in/gWfesYFe

Form 1041 is a tax form used to report income for estates and trusts. When a person dies and leaves behind assets, those assets are often placed into a trust or estate to be distributed to beneficiaries according to the terms of the will or trust document. The trust or estate is a separate legal ...... https://lnkd.in/gt2P-X-G

Fiduciary accounting refers to the management and accounting of assets held in trust by a fiduciary on behalf of a beneficiary. A fiduciary is a person or entity that holds legal or ethical responsibility to act in the best interest of another party, such as a trustee or executor. Fiduciary accounting involves maintaining accurate records ...... https://lnkd.in/gH5Qimx8

#trustaccounting #cpa Not only are accurate trust accounting mandated by the law, but they also provide protection for trustees in the event that a beneficiary contests the trustee’s actions. Filing for court approval can also help protect the trustee. However, the trust accounting must be accurate and reliable to obtain court approval. There are many technicalities to preparing a trust accounting properly according to the state. For accurate a trust accounting that not only meets the requirements of the probate code, but is also likely to obtain court approval, enlist the assistance of a professional. Our CPAs are trust accounting specialist with a focus on streaml... http://www.pace.cpa

#trustaccounting #cpa Trust accounting is required by the law and can be a useful tool for trustees. Careful trust accountings make it easier to protect the trustee during court proceedings, especially if a beneficiary contests the actions of a trustee. Trust accountings must also be accurate and timely to obtain court approval. Our CPAs are trust accounting specialist with a focus on streamlining the complicated issues a trustee may face while taking care of all the required duties and responsibilities.... http://www.pace.cpa

we can help Traditional Accounting & tax services Accounting & tax services Your Established Partner In Fiduciary Administration We provide accounting support, tax planning, and tax preparation for a select group of clients. These services include monthly or quarterly accountings and financial statements, forward-thinking tax planning, and tax preparation of partnerships, corporations, and individual returns ...... https://lnkd.in/gi9iZ6MY

#trustaccounting #cpa Trust Accounting is an important part of the probate process and it’s important to get right. Not only will accurate trust accounting meet legal requirements, but it also provides protection for trustees against beneficiary challenges or court action. Contact us today and see how our professional service can help you obtain accurate and reliable trust accounting quickly and painlessly!... http://www.pace.cpa

#trustaccounting #cpa We understand that when it comes to trust accounts, there is no room for mistakes or confusion. Our reliable services provide you with everything needed for court approval so that you can rest easy knowing your trust account is in good hands with us.... http://www.pace.cpa