Greater Norwalk Chamber of Commerce recently issued the following announcement.
Taxes, one of life’s inevitabilities, can be a headache for businesses and individuals alike. Patrick “Chemrick” Chemngorem, CPA provides services to help make tax time just a little easier for companies through two service offerings. One is CFO advisory and tax planning services to early stage, growth stage, venture-backed, near public and publicly traded companies on an interim or consulting basis. Through his other tax resolution/representation service offering, Chemrick helps small businesses and their owners select the most appropriate tax resolution option or strategy given the tax law, and the facts and circumstances of their tax situation or problem.
“Clients don’t often realize that there are solutions available within the IRS to structure and settle their tax debts favorably, including an offer in compromise, a properly structured instalment agreement, penalty abatement and currently not collectible status. Our goal is to get our clients into compliance and help them reach a settlement so they can move on with their life,” says Chemrick.
Chemrick, who spent over 20 years as a senior accounting executive in corporate and Big 4 public accounting environments, decided to go out on his own in 2018. “I felt I had found a niche as a consultant after doing a lot of transaction advisory work with lower middle market businesses and found that the state of their financial records and the infrastructure in the office of the CFO was wanting.” This led him to open Chemrick Capital Group LLC to unlock value for these companies through accounting, reporting and compliance excellence.
“I felt I could leverage my extensive experience in SEC reporting, US GAAP and IFRS technical accounting, financial due diligence, Sarbanes Oxley compliance, internal audit and tax resolution to become a valuable advisor for clients seeking expertise on understanding accounting and tax implications of transactions; making the right entity choice for the business and its owners; assessment and evaluation of the financial performance of the organization with regard to long-term operational goals, budgets and forecasts; transaction support during the sale or purchase of a business; and tax savings through implementation of tax planning opportunities,” says Chemrick.
Chemrick CFO Advisory and Tax Planning clients are mainly privately held businesses with between $5 million to $30 million in revenues; many in life sciences, technology, SaaS, family office and private equity portfolio companies. The tax resolution service offering attracts many clients that are self-employed business owners in law, health services, real estate and trades.
If your company is in need of a CFO or a Controller on an interim, part-time or fractional basis, please contact Chemrick at 203.722.9244 or visit chemrick.com or email info@chemrick.com. Or if you find yourself in dire need of relief and protection from the IRS or state tax agency, call 203.722.9244 to schedule a free confidential consultation, or visit chemricktax.com or email expert@chemricktax.com.
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