Finance Monthly Taxation Awards 2020

USA FIRM PROFILE The firm specializes in serving highly successful executives, entrepreneurs and small business owners. Our goal is to minimize the tax and compliance burden for clients so that they may focus on their business and personal life and know that this area of their life is well handled. How the Firm Engages New Business Over several decades we have developed and refined a process to improve and perfect how the firm engages clientele. We now almost exclusively engage new clients in a fixed price engagement. This levels the expectation for both parties and sets up a to do list for us to execute. Every person or business needs a tax return but what goes into the detail for planning and minimizing tax is different for each one. We develop a customizedplanandchecklist of services that addresses all the needs of the client over an annual period. This eliminates confusion and miscommunication and fixes the cost of service for budgeting and planning of cash flow for the client. It also obligates the firm to proactively work for the client all year long. It is a very comprehensive service and has proven to be very beneficial for clients. Rating services such as Tax Buzz have consistently ranked the firm as a 5 Star Performer based on real ratings from clients of the firm. With experience and expertise in many industries and professions, we serve clients in technical fields such as engineering, architecture, legal, international finance, Fortune 500 executives, real estate, construction, medicine, recruiting, scientific specialties and more. This broad base of industry gives the firma great deal of exposure to insights and trends. The firm also utilizes a very secure digital web portal for all data transmissions to assure privacy and safety of client information. Sector and Area Expertise Retirement Planning Tax management planning and minimization Pension selection Privately held business tax and financial planning Estate and Trust tax minimization and financial planning Sectors Served Real Estate Wealth Management Medical Professional – legal, architectural, engineering Scientific and specialties in professions Entrepreneurs ABOUT JACK HERCHER In a career spanning nearly forty years Jack has learned from the best in the industry. Beginning as an intern at Peat Marwick & Company, and then several years at Grant Thornton he has been trained for and participated in thousands of tax and financial projects. His philosophy is to watch, listen and learn. Expertise is developed and refined. Jack has learned that many other professionals around the globe have developed tools and techniques that really work. Learning from others and adopting those better techniques is a key to success. In addition, technology has improved the capability of the boutique firms such as Hercher& Company to provide nearly identical services and solutions as that of the Big 4. Jack has tax and financial experience in many professions, trades and industries from manufacturing to retail, to oil and gas and everything in between. That exposure allows him to have tentacles in business and contacts in many areas of the economy that provide him with a unique insight into trends and techniques and especially technological advances. Being tech savvy and a financial expert does not preclude one from being able to communicate with and serve clients well. It is really the only thing that matters. If you have all the expertise and all the answers but cannot communicate solutions and benefits to your client there is no real value. Hercher & Company is focused on results and communicates the same to clients. The firm has thrived on that philosophy. The firm is selective about who we serve, and as a very highly ethical firm, seeks only clientele who espouse similar values. As a tax management firm our goal is to find every code provision allowable to minimize the tax burden. With a constant focus on quality and process improvement the firm spends a great deal of time in training and educating staff in both the technical parts of the trade and the art of serving clients. While the two goals are separate, they are merged together to provide a meaningful and in-depth solution to a financial need. From a complex multi-state tax return, to an IRS audit, the client’s interest is always our focus. For example, the best way to win a tax audit is to avoid one in the first place. Some of the best tax planning the firm does can never be measured because the tax is never paid, even over a number of years. In this ever-changing world the burden of compliance seems to grow daily in reporting and regulation on businesses both large and small. Hercher & Company partners with clientele to create solutions and practices to meet the reporting burden, pay the taxes timely and to do so with ease and eloquence. In addition, as a Registered Investment Advisor, Jack and his team also work with very highly successful individuals and their businesses to maximize an overall financial plan, investment allocation and retirement plans. 23 W: www.herchercpa.com