Bookkeeping
& Payroll ServicesConsidering your strenuous efforts, it’s only fitting to entrust the task of monitoring your business’s financial status to our adept professionals. With expertise in QuickBooks and payroll taxes, we’re well-equipped to manage these aspects efficiently on your behalf.
Accounting
& IRS RepresentationFaced with an audit? As enrolled agents or ‘EAs’ Drenen has the power to represent you in a crisis. Surely we will help mitigate what you owe.
Financial Planning
& InvestmentsWhether it is college planning, real estate or even divorce we have the financial knowledge to help direct you to the best outcome.
ABOUT DRENEN FINANCIAL SERVICES
Tax mitigtion and financial planning combined together
While crafting a detailed financial strategy is vital, it’s equally imperative to recognize the profound impact of evolving tax regulations. These dynamic changes can directly affect your investment returns, personal income, and business profits. Relying on separate accountants and financial planners may inadvertently overlook the comprehensive expertise necessary for minimizing tax liabilities and optimizing investment returns. This is where Drenen Financial Services excels, embracing the philosophy that effective tax management and adept financial planning are intrinsically interconnected.
Business Consulting Services
Drenen Financial offers a free financial consultantion or second opinion on your current situation
At Drenen Financial Services, we conduct a comprehensive evaluation of your existing portfolio, even if it’s managed elsewhere. This assessment offers a valuable second opinion with recommendations for potential improvements. Our unique perspective as tax professionals is seamlessly integrated into your financial planning, emphasizing tax mitigation—a facet often overlooked by many advisors. Furthermore, we provide dedicated assistance with audits, optimizing your tax strategy to retain more earnings, potentially enhancing your investment prospects and growth. If you’re starting your investment journey, we’re here to offer expert guidance.
A few things we strive to be great at
At Drenen Financial Services, we firmly believe in the symbiotic relationship between tax mitigation and financial planning. As a comprehensive service provider, we effectively address the diverse needs of our clients. These needs span tax preparation, advantageous financial planning, expert investment management, proficient IRS audit support, and robust business services. With a thriving client base of over 6,000 individuals, families, and businesses, we annually process more than 3,500 tax returns to ensure financial success.
HIGH NET-WORTH
We protect those in higher-income tax brackets with larger portfolios, estates, and inheritances from overpaying in taxes with a combination of tax mitigation strategies, tax-sheltered investments, and other creative solutions.
COLLEGE PLANNING
In the realm of college planning, there exists a multifaceted strategy that extends far beyond the act of simply contributing to a college fund. Even when your child’s college path remains uncertain, it’s of paramount importance to approach this endeavor with foresight. Initiating the planning process at an early stage is key. However, if your child is currently in high school, the urgency to establish a well-crafted plan becomes all the more apparent.
DIVORCE
At Drenen Financial Services, we are dedicated to bringing calm and profound peace of mind to individuals and couples who find themselves at the crossroads of contemplating or progressing through the intricate process of divorce. With our extensive array of services, we assist in valuing and separating assets and liabilities. Furthermore, we specialize in determining the most advantageous tax filing strategy during this pivotal and often emotionally charged transition.
PROFESSIONAL SERVICE FIRMS
At Drenen Financial Services, collaboration is at the heart of our approach. We actively partner with a diverse network of esteemed service professionals and firms, including attorneys, financial planners, accountants, real estate agents, architects, and various other specialists. Our aim is to seamlessly bolster your support system, offering an array of complementary services to ensure your clients receive a comprehensive, full-service experience. We genuinely look forward to establishing connections with you and embarking on collaborative endeavors together.
MEDICAL AND DENTAL PRACTICES
At tax time, it’s imperative to consider the unique challenges that medical and dental practices encounter, challenges that might elude other accountants and financial planners. These distinctive issues require careful attention and specialized expertise, which can be overlooked by professionals who lack comprehensive industry insights.
RESTAURANTS AND CATERERS
Restaurants and caterers are businesses that deal with a lot of cash, part-time help, and inventory. Accurate bookkeeping and tax planning is important to preserving what you’ve worked so hard to make. Drenen can protect and help with IRS audits as well.
Our Team
Meet Drenen Financial Services group of professionals.
Paula Piette
Enrolled Agent, Tax & Bookkeeping Professional
Pam Demers
Bookkeeping & Payroll Professional
Stephanie Stoudenmire
Digital Associate
Deb Hughes
Receptionist
Amy Rock
Quick Books Expert & Bookkeeping Manager
Stan”Stoch” Stefanowich
Senior Tax Preparer
Mary Burrows
Tax Preparer
Robert Carmichael
Tax Preparer
A SPECIAL THANK YOU TO
FIRST RESPONDERS
At our core, we are dedicated to community support and extend a generous 20% discount to active-duty police, fire, EMT, and military personnel. Those serving in these professions often have pensions, and we specialize in post-service retirement planning. Moreover, ensuring the security of your loved ones in unforeseen circumstances is a top priority, and we’re here to assist you in that endeavor.
Business Services
Drenen provides comprehensive business consulting services for all your financial ventures. We encourage you to reach out to us before finalizing any financial decisions. Remember, taking proactive measures can prevent larger issues down the road.
VALUATIONS & ANALYSIS
Are you in the process of buying or selling a business? Require assistance in evaluating its profitability and viability? Seeking insights into market value and fair pricing? Or maybe you’re looking for financial projections to secure a business loan?
GET STARTEDNEW BUSINESS CONSULTATION
Embarking on a new business venture? Uncertain about the ideal legal and tax structure—LLC, S-Corp, or another entity? Anticipating sales tax filings? Our expert guidance can address these inquiries and ensure your business is established correctly.
GET STARTEDFULL-SERVICE BOOKKEEPING
We provide comprehensive bookkeeping services, including book setup, ongoing maintenance, and QuickBooks training for you and your team.
GET STARTED
INVESTORS & BROKERS
Real Estate Tax Provisions
“We collaborate with real estate brokers, agents, clients, and investors, including landlords, flippers, and long-term property holders. Each real estate investment category comes with unique tax considerations, and our expertise lies in minimizing these tax burdens, allowing you to maximize your returns from property transactions. Reach out to us prior to your transaction to ensure it’s structured for maximum advantage.
BOOK A TALK WITH
Sonny Drenen
Sonny Drenen, a seasoned and engaging speaker, is available to deliver informative talks on various tax, financial planning, and business subjects to your organization. He’s a proud member of the Hartford Springfield Speakers Network.
Feel free to get in touch with us today to arrange a speaking engagement with Sonny.
Financial Tax Planning Services
Drenen Financial Services provides a wide range of tax planning services and expert assistance with IRS audits. Regardless of your financial objectives, Drenen is your trusted partner for financial planning.
Personal Taxes
Whether you’re planning for yourself or your family, our financial planning services aim to create a customized plan that can help you achieve your goals. With our guidance, you’ll gain clarity on your current financial capabilities for enjoying life today while establishing a dedicated savings and investment strategy for retirement and other long-term objectives.
Divorce
While divorce is undoubtedly challenging, a well-structured plan can provide valuable knowledge, comfort, and peace of mind. A divorce financial plan is designed to support your financial well-being throughout the process, ensuring you emerge as financially stable as possible and providing a solid foundation for the next chapter of your life. Our services are available for individual clients or couples seeking assistance.
Business Taxes
Business financial planning encompasses a multitude of facets, including assessing profitability, identifying capital for business expansion, and setting personal income targets. If you’re seeking investors or a bank loan, a well-crafted business plan that attracts potential investors is essential. Additionally, our expertise extends to providing support during IRS audits.
Retirement
When it comes to retirement planning, the timing is always right. Whether you’re just beginning or have been on this journey for a while, there’s no better time to start. You can take small steps to initiate your plan. For those with established financial strategies, regular reviews are crucial, and seeking a fresh perspective is highly advisable. We offer services to assess your existing plan or develop a new one tailored to your needs.
Estate Planning
We collaborate with you and your attorney to ensure your financial plan aligns with your desires, safeguarding your assets to the fullest extent during probate. Our comprehensive planning also extends to providing for the long-term needs and objectives of your loved ones while offering expert assistance in IRS audits.
College Planning
College planning entails a comprehensive strategy beyond mere contributions to a college fund. Even if your child’s educational path is uncertain, proactive planning is key. Initiating your college savings strategy early is always advantageous, but if your child is in high school, establishing a plan promptly becomes even more crucial.
TAX SERVICES & HELP WITH IRS AUDITS
Tax preparation and amendments are our core services, alongside expert assistance with IRS audits. Discover how Drenen Financial can significantly reduce your tax liabilities and provide steadfast representation in any financial circumstance.
TAX RETURNS
We specialize in preparing and filing all types of personal, business, and corporate tax returns, regardless of complexity. During the tax season (January through April), we extend the convenience of evening and Saturday appointments to accommodate your schedule, in addition to providing expert support for IRS audits.
AMENDED TAX RETURNS
Require modifications or a second look at another preparer’s work? If you’ve received an IRS or state notice, we offer thorough reviews and can make necessary amendments to returns prepared by others.
TAX PLANNING
We leverage every available legal strategy to effectively lower your tax obligations. Our forward-looking tax planning anticipates potential tax events and devises proactive strategies for their minimization.
IRS REPRESENTATION
If you’re confronted with an audit, our expertise extends to aiding in your preparation and providing representation throughout the audit process.
OFFERS IN COMPROMISE
Facing outstanding back taxes and penalties? We’re here to assist you in arranging a resolution and potentially setting up an extended repayment arrangement.
GET THE PROTECTION YOU DESERVE
Insurance that
fits your needsWe offer Life, Disability, and Long-term Care Insurance services. Whether you’re already insured or not, visit us for a complimentary review. Discover the latest insurance products that might align better with your specific requirements.
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Client Testimonials
Don’t take our word for it – here’s what our clients say:
I’ve used Drenen’s tax services for many years. They’re friendly, confident people that make you furthermore feel comfortable. They work hard to get you the maximum amount on your returns and thus stand behind the returns they file for you. If you have further questions or problems, indeed they always take time to help. Generally, I wouldn’t use anyone else.
Pat Templeman
Working with Sonny Drenen (Drenen Financial Services) on my business and personal tax preparation changed my whole outlook on “tax time”. I no longer dread it. Sonny made me feel comfortable and at home on my very first visit, and he helped me develop the tools I needed to easily organize and track my tax documentation throughout the course of the year, thus making end of the year tax preparation a breeze. Hence, I know with Drenen Financial Services’ professionalise, I am always getting the maximum refund possible.
Cheryl Mcgraw
My wife and I have been clients of Drenen Financial Services for over 15 years. During that time we have had Sonny do all of our tax returns and those of our children as well. They have always been surely accurate, friendly, and subsequently very helpful in filing our returns. I will always recommend their services to anyone that wants top-quality advice and service at a very fair price. They have become more than our tax preparers, they have become our friends.
Luther & Janice Barstow
MEMBER FINRA / SIPC
All Securities subsequently through Money Concepts Captial Corp.
Drenen Financial Services, Inc. is an independent firm therefore not affiliated with Money Concepts Capital Corp.
Financial Products
ANNUITIES
We provide Variable, Fixed, and Index Annuities. If you currently hold annuities, we can conduct a comprehensive review to ensure they are ideally suited to your financial goals.
401KS
We offer assistance in establishing a new 401(k) retirement plan or seamlessly transferring an existing one through a roll-over process.
IRAS
We provide options for both Traditional and Roth IRAs, tailored to your individual financial needs.
MUTUAL FUNDS
We offer access to an extensive selection of mutual funds. Interested in a specific fund? No worries! Our team can conduct research on your behalf.
BROKERAGE & MANAGED ACCOUNTS
We facilitate the opening of new accounts or seamless transfers of existing brokerage accounts. If you prefer a more hands-on approach and oversight, we offer account management services. Alternatively, you can opt for placement in a managed portfolio.
COLLEGE 529 PLANS
As part of our college planning services, we can explore the suitability of a 529 plan for your needs. Regardless of your child’s age, whether they’re 1 or 18, schedule an appointment with us to explore your college funding alternatives.
REITS
We provide a diverse range of Non-Traded Real Estate Investment Trusts (REITs) alongside traded REITs. While these investments typically carry more risk compared to conventional stock and bond portfolios, allocating a portion of your existing portfolio into alternative options like REITs may potentially enhance returns while managing risk.
Financial Insights Express
Learn more about financial concepts and tax tips with Drenen’s Finance Blog.
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Are you navigating the complex world of dual citizenship, particularly between the U.S. and another country? Or are you contemplating the advantages and responsibilities that come with being a dual[…]
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What are the IRS Efile requirements for 2024?
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Navigating Corporate Advances: Implications for S Corps and C Corps
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DFS Video Collection
Tips and tricks on financial concepts by Drenen FS
Contact us
For new and current clients, please call the office to make an appointment for a consultation or likewise tax return preparation. Not sure what kind of appointment you need? We will pair you with the right team member straightaway.
CALL 413-569-0015
OR USE THE FORM BELOWMeanwhile, Visit Drenen Financial Services
Drenen Financial Services, Inc.
