Services

Dunn Henritze LLP specializes in tax, accounting and business advisory services for ultra-high net worth families, including helping clients meet business and personal financial goals through consulting and financial plans.  Our firm services, as well as a description of some of our clientele are explained in more detail below.

Our firm approaches services provided for our ultra-high net worth families as though we are their in-house tax department.  Our firm personnel strive to get well-acquainted with firm clients and their staff, in order to learn how to best communicate and to best obtain the information needed to provide excellent service without disrupting our clients’ day to day operations.  We provide our clients with direct dial office telephone lines for all members of our team, cell phone numbers and email addresses.

 

Our firm uses many technology driven tools in the provision of services.  Our personnel use RIA online Checkpoint for federal and state (all 50 states) tax and accounting research, and CCH ProSystems fx tax for preparation of income tax returns.  The firm uses secure website portals which allow the transfer of data to and from clients without sending it through email.

Our Services –

Dunn Henritze LLP is well equipped to handle the preparation of a multitude of income tax and gift tax returns for all types of individuals, businesses and foundations.  In addition to this tax compliance, regular, accessible and convenient consultation exists between firm personnel and our clients concerning the structuring of acquisitions and dispositions, structuring of like-kind exchanges, formation of co-investment and carried interest entities, contracting for cost segregation studies, and providing of estate planning services, all with the goals of estate tax minimization and federal and state income tax efficiency.

Our firm has also started to provide a full array of “family office services” to some clients, including financial plans.  These family office services include paying family bills, managing travel and family owned aircraft, monitoring property managers, managing family insurance and investments and more.

Our firm also has extensive experience planning for and minimizing California and Colorado taxation, as several clients live in, and most firm clients invest in real estate and other businesses in California and Colorado.  Our firm is very experienced in dealing with the California Franchise Tax Board, the California State Board of Equalization, and the Colorado Department of Revenue.

Here are some examples of projects completed for firm clients:

  • The structuring of family investment entities that allow for more tax efficient after-tax returns on investments, while providing investment management jobs and income to family members involved in the management activities.  This structure is also used to help achieve estate planning goals.
  • The design and implementation of a system that fairly allocates investment income from several classes of income generated by the investment entities to family members.
  • The providing of extensive investment performance analysis for all types of equity, fixed income, hedge fund, private equity and real estate investments.
  • The formation/organization/administration of, and tax preparation for, more than 20 private foundations.
  • The setting up of (for S Corporations) Domestic International Sales Corporations that allow the S Corporations to pay dividends to trusts for younger family members.  This accomplished two goals: the income was taxed at a lower rate (i.e. the 23.8% qualified dividend rate rather than the ordinary tax rate of 39.6%), and the income was shifted to a younger generation of the family which was an estate tax planning goal.
  • The providing of aircraft management services including hiring pilots and scheduling flights.
  • The providing of insurance rate reviews and obtaining quotes for alternative or additional insurance.
  • The implementation of asset protection strategies in case of law suits, divorce or asset transfers to minors.
  • Coordination with bankers to monitor lines of credit and help clients obtain financing.  The firm helps clients shop for credit at the lowest possible rate, and has contacts at many large banks.
  • The creation of extensive cash-flow and tax projection models, incorporating personal assets and investments, as well as those of multiple lines of businesses.
  • Assistance with clients’ sales and purchases of various businesses, from a tax standpoint as well as a cash-flow standpoint, working with legal and finance teams involved, including small to very large companies.

Our Clients –

Our firm’s clients are in a wide variety of businesses, but there is a heavy emphasis on real estate.  For example, one firm client has a real estate portfolio of directly owned properties, joint ventures and opportunity fund investments the value of which exceeds $500 million.  The firm prepares many of the income tax returns for the entities that own the real estate, and all of the income tax returns for the family members who have invested in the entities, including trusts and special purpose entities for their investments.

Our firm also has clients who own professional sports franchises, large food manufacturing businesses, wineries and vineyards and large blocks of stock in publicly traded companies.