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Thoughtful Insights

Our firm, Pace & Associates CPAsLLC offers a wide range of services to our individual and business clients. Being a relatively small firm, we are able to offer our clients personalized quality service.

We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience, and financial acumen.  Our goal is to become your trusted advisor. 

guardianship accounting

What Is Meant By The Guardian’s Duty Of Accounting?

Accounting systematically records income, assets, liabilities, and expenses, providing a clear picture. This information is indispensable when making informed decisions about the ward’s future. Furthermore, accounting is a legal obligation, ensuring the guardian

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assets in a trust

What Assets Should Not Be In A Trust?

There are indeed compelling reasons for placing one’s assets into a trust. Firstly, trusts can effectively circumvent the time-consuming and often costly probate process, ensuring a seamless asset transition to beneficiaries. Secondly, trusts

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accounting for trusts and estates

What Is The Basic Accounting For Trusts?

Trusts must file income tax returns in the same manner as individuals or corporations. Trusts are generally subject to federal and state income taxes, depending upon the type of trust. The basic accounting

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What Happens In Probate Court?

What Happens In Probate Court?

Life is uncertain; death is certain. If you have recently lost a loved one, you may be anxious about the idea of going to Court. Understanding probate law, the court process, and what

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