Ellrich, Neal, Smith & Stohlman, P.A.

Forensic accounting and litigation support sit alongside tax and advisory work at Ellrich, Neal, Smith & Stohlman, P.A., which operates from Palm Beach Gardens, Florida. The firm organizes its work into two broad departments, and its litigation division is one of the largest parts of the practice.

Forensic accounting and litigation support

The litigation services group serves people involved in legal proceedings. Its work includes forensic accounting, fraud detection and prevention, and the calculation of damages. One significant case described by the firm concerned a patent infringement dispute in which the firm was retained by the defendants to compute the damages from the alleged infringement and to critique the opposing expert's report.

Valuation and transaction advisory

New, growing and mature businesses face financial and operating challenges on a regular basis. The advisory team helps with business plan development and with operational reviews, which examine how a company runs and where its finances need attention. The work suits owners at any stage, from a company just starting to one that is already well established.

Tax and accounting for businesses and families

Tax services include preparing federal and state income tax returns for businesses, not-for-profit organizations and personal entities. Those entities include individuals, estates, trusts and partnerships. The firm treats tax as a continuing task, working with the underlying accounts behind each return rather than only completing forms once a year.

Wealth management for high-net-worth families

The firm introduced a Family Services Practice to help high-net-worth families simplify their lives. The practice arranges a range of personal services, so that families can deal with their affairs through one firm. The stated goal is to make the financial side of family life easier to manage.

Partners, continuing education and client access

The firm's first shareholders were its founders. A long-serving employee became a shareholder in 1996, and further partners were admitted in 2004, 2008 and 2018. The partners say they keep their professional credentials current through continuing education. The firm also maintains a business valuation blog and a set of links to tax planning and forensic resources. Clients exchange files with the firm through a secure portal, which keeps sensitive financial documents in one controlled place.