I am a partner in Woodline Cabinets. We are a wholesale cabinet manufacturing company that sells directly to homebuilders. We switched to using Innovative Solutions as our accountants about 6 months ago after many years with the same CPA firm. It was somewhat of a tumultuous transition because we were under audit by the IRS at the time and still being represented in the audit by our prior accounting firm. Though it wasn’t in our agreement with Innovative Solutions, Denton Connor took a look at the audit process and found an error in calculation that had been completely missed by our prior CPA firm. This discovery saved us about $7,000 in the audit.
Recently, after looking at the Tax Cuts and Jobs Act, the current structure of our business, and our partners’ long-term transition plans, Denton recommended a change to our entity structure. Denton projected the tax savings from the change to be significant. He also made it clear that to take full advantage of this opportunity, we needed to make the change right away. We have made the transition to the new entity now and are looking forward to the rewards.
Our transition to working with Innovative Solutions has definitely been positive. I appreciate their business model because it allows us to communicate with our accountant on a regular basis and to get good, solid advice when we need it and to plan proactively. I actually think I’ve gotten more good advice and had more communication from the team at Innovative Solutions in the last 6 months than I ever got from our prior CPA in all the years that we worked with him.
Paul McKay, Woodline Cabinets