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About Us

Daniel Cook, Founder

Why Summit?

Managing your finances can seem as daunting as hiking to the summit of a mountain. Often, you find there are many paths; many twists, turns, ups and downs. The question becomes what path to take. We use our expertise in both the tax and accounting world, in addition to the world of financial planning to help our clients “reach the Summit” both personally and professionally.

Team-Based

When you join Summit Accounting Solutions, we will assign a staff accountant and CPA account manager to you. These staff members are your “point people” who will have an in-depth knowledge of you and your business. In addition, we are team-based in our approach meaning we’ve assembled a team of qualified professionals who are experts in the areas of individual, business and dental financial services and accounting. While it sounds cliche, we truly are providing a holistic service to you and your business.

We are dedicated to providing a client experience that is unparalleled. We believe the team we’ve assembled, including our unique partnership with Summit Wealth Group, allows us to take a truly holistic, planning-first, approach for you and your business.

Emphasis on Planning

We separate our scope of services into two categories: Advisory and Maintenance.

Advisory services include all of the services our clients find beneficial from a planning perspective. In our view, it all starts with taking the data available and putting together a solid plan. We use our industry expertise to help guide you and your business to a better, more secure future.

Maintenance services include all of the services necessary to remain in good standing with the IRS along with payroll, bookkeeping and other ongoing services.

Our goal is to not only provide competent maintenance services — like you might find at any good accounting firm — but to use it to serve as the foundation to our advisory services. This is what sets us apart. We aren’t here to simply service your accounting needs, we are here to partner with you to help you reach your goals.

Our value to you is by not only tracking numbers, but to help you make sense of it. To identify meaningful opportunities beyond the data to move you and your business forward.

Business Advisory / Planning

  • Consultation on debt reduction, management of tax liabilities, practice growth strategies, and personal financial goals
  • Cash management of the practice operating accounts
  • Entity Structure Planning
  • Business Expenses
  • Owner Compensation and recommendations / Reasonable Compensation
  • Expense reimbursement plans
  • Equipment Purchasing
  • Health and Medical Benefits
  • Retirement Account types and options
  • Paying family members
  • Partnership planning
  • Employee vs. independent contractor
  • Cost Segregation Studies
  • Cost of an Employee
  • Employee Paperwork

Business Best Practices

  • Bookkeeping and Record keeping solutions
  • Company Records Books
  • Lines of Liability
  • Personal Guarantees
  • Changing to the Corporation / LLC Name
  • Bank Accounts
  • Funding the business
  • Shareholder / Member Distributions

Family Advisory / Planning

  • Paying family members
  • Hiring family members
  • Hiring children
  • Hiring Spouse
  • Benefits of hiring family
  • Reasonable wages
  • Secondary Education Costs

Income Strategies

  • Rent Payments
  • Royalty / License Fees
  • Alternative Income Strategies
  • Passive income generation
  • Rental property planning

Tax Efficiency Analysis / Planning

Income Tax Projections

Wealth Advisory

Strategic Individual and Business Planning

Mergers & Acquisitions

Succession Planning

Retirement Planning

Quarterly Wealth Heath Checkups: Includes practice advisory services and consultation, tax strategies, and retirement solutions

  • Advisory Progress Checks
  • Tax Returns (Corporate, Partnership, Estate, Trust, Individual)
  • Tax Projections
  • Emails
  • Phone Calls
  • 1099s
  • Accounts Receivable
  • Accounts Payable
  • Personal Property Tax
  • Sales Tax
  • Payroll
  • Accounting / Bookkeeping
  • Financial Statements
  • Income tax projections
  • Monthly compilation of financial statements and management reports