Personal Financial Administration
This service is in essence administration of the client’s bill paying, but it extends beyond paying bills to include coordination with investment management and income tax preparation. Some of the services offered include:
- Receipt of the client's business mail
- Bill payment
- Reconciliation of bank statements
- Transferring of money between accounts
- Record keeping for accounting purposes
- Review of records with clients on a scheduled basis
- Preparation of income tax estimates and tax returns
- Payment of estimated tax as required
- Coordination of tax loss harvesting from investment accounts
- Modification of investment strategies
Family Partnership Administration
Family Partnership Administration is a comprehensive premium level service that takes the burden of properly handling an FLP off of the Managing Partner. The service includes:
- Investment management
- Maintenance of books and records
- Partnership valuations
- Wealth transfer recommedations
- Facilitation of family meetings
____________________________________________________________
Private Foundation Administration
We are available to help our clients administer and direct the finances for their private foundations. Horizon provides the following services for clients seeking assistance with private foundation administration:
- Annual compliance filings, including preparation of required federal tax returns
- Quarterly Estimated Tax Payment Vouchers, including computation of the amount
- Consultation concerning income tax returns
- Ongoing assistance with IRS and state tax authorities (correspondence, amended returns, etc.)
- Special accounting services to help collect and disburse funds from the foundation
- Collection and response to all grant proposals received by the foundation
- Preparation of board meeting materials and implementation of board decisions
- Follow up with organizations that receive grants as well as those that do not