Bookkeeping & Payroll Services
You work hard enough, therefore let our professionals keep track of the financial status of your business for you. We are professionals in Quick Books and payroll taxes.
Accounting & IRS Representation
Faced 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 & Investments
Whether 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
Even the best laid financial plan can be completely undone by taxes and changes in tax laws, taking with it any gains and profits you made in your portfolio, personal income, or business (if you have one). If you have a separate accountant and financial planner, they may
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Business Consulting Services
Drenen Financial offers a free financial consultantion or second opinion on your current situation
We can look at your current portfolio, even if it’s with another company, to give you a second opinion and make suggestions for improvements. Because we are also tax professionals, we’ll approach your financial plan with a strong tax mitigation strategy that most other financial planners fail to take into account. Drenen can also help aith audits. Because you’ll save and keep more money from taxes, you’ll have more to invest, and therefore, your portfolio has potential to grow faster.
Just starting to invest? Great! We’ll help you get started.
A few things we strive to be great at
Drenen Financial Services philosophy is that tax mitigation and financial planning go hand-in-hand. We are a full-service firm, catering to clients’ personal and business needs for tax preparation, financial planning and investments, help with IRS audits and business services. We have over 6,000 active clients, including individuals, families, and businesses and file over 3,500 tax returns each year.
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
There is much more strategy involved in college planning than just putting money into a college fund. Even if you are not sure if your child is going to college, it’s important to plan as if they are. It’s never too early to plan, but if your child is in high school, it’s even more important to put a plan in place quickly.
DIVORCE
We help bring calm and peace of mind to individuals and couples who are contemplating or moving through divorce, in valuing and separating their assets and liabilities and determining the best tax filing strategy during the transition.
PROFESSIONAL SERVICE FIRMS
We work with other service professionals and firms, such as attorneys, financial planners, accountants, real estate agents, architects, and others to support you, provide complementary services, and give your clients a full-service experience. We’d love to get to know you and work with you.
MEDICAL AND DENTAL PRACTICES
There are specific issues that medical and dental practices face that need to be taken into account when it comes to tax time that other accountants and financial planners may miss.
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.
Stan”Stoch” Stefanowich
Senior Tax Preparer
Paula Piette
Tax & Bookkeeping Professional
Pam Demers
Bookkeeping & Payroll Professional
Stephanie Stoudenmire
Digital Associate
Deb Hughes
Receptionist
Rhonda Boulette
Receptionist
Gillian Bourque
Receptionist
All investments through Money Concepts Capital Corp. Member of FINRA/SIPC.
Drenen Financial Services, Inc. is an independent firm not affiliates with Money Concepts Capital Corp. Read MoreA SPECIAL THANK YOU TO
FIRST RESPONDERS
We have a passion for giving back to the community and offer a 20% discount to active duty police, fire, EMT, and military personnel. People in these fields often have pensions, and we are able to help you plan for “what’s next” after you retire from service. In addition, you want to make sure your families are protected in case anything happens to you, and we can help you do that.
Business Services
Drenen offers business consulting services for any financial endeavor. Please don’t hesitate to call us before making that financial decision. An ounce of prevention is worth a pound of care.
VALUATIONS & ANALYSIS
Buying or selling a business? Need help determining if it’s a profitable, viable business? Want to know the market value and a fair price? Or perhaps you need financial projections for a business loan.
GET STARTEDNEW BUSINESS CONSULTATION
Starting a new business? Not sure if the business should be a LLC, S-Corp, or a different kind of legal/tax entity? Will you be filing sales taxes? We can answer these questions and help you get set up properly.
GET STARTEDFULL-SERVICE BOOKKEEPING
We offer full-service bookkeeping. We can set up your books, maintain them for you, and/or train you and your staff on QuickBooks, too.
GET STARTED
INVESTORS & BROKERS
Real Estate Tax Provisions
We work with real estate brokers and agents and their clients, as well as work directly with investors such as landlords, flippers, and other long-term property holders. Each type of real estate investment has special tax provisions, and we help to mitigate those tax liabilities, so that you can retain more profits from the purchase and/or sale. Call us before your transaction so we can help you do it the most advantageous way.
BOOK A TALK WITH
Sonny Drenen
Sonny Drenen is a knowledgeable and entertaining speaker who can present on an array of tax, financial planning, and business topics for your group. He is a member of the Hartford Springfield Speakers Network.
Contact us today to schedule a speech with Sonny.
Financial Tax Planning Services
Drenen Financial Services offers an array of tax planning services and help with IRS audits. No matter what your goal is Drenen is here to help you plan your finances the right way.
Personal Taxes
Whether for yourself or your family, we can put a financial plan together that has potential to help meet your goals, so you can confidently know what you can spend to enjoy life now and have a dedicated saving and investing strategy for retirement and other long-term goals.
Divorce
Divorce is never easy, but having a plan makes it easier, giving you knowledge, comfort, and peace of mind. A divorce financial plan can help you come through the divorce as financially intact as possible and give you the foundation for the next stage of your life. We can work with you individually or as a couple.
Business Taxes
There are many aspects to business financial planning: looking at profitability, funds to reinvest and grow the business, and personal earnings goals. If you are looking for investors or a bank loan, you also need to have a solid business plan that others can invest in. We can also help with IRS audits.
Retirement
It’s never too early or too late to plan for retirement. If you haven’t started, you can start small. For those with long-standing financial plans, it’s important to review them regularly, and it’s a great idea to get a second perspective. We can review an existing plan or create a new one for you.
Estate Planning
We can work with you and your attorney to make sure your financial plan matches your wishes and your assets are protected to the greatest extent possible during probate. We’ll also put a plan in place that has potential to meet your loved ones needs and goals well into the future as well as help with IRS audits.
College Planning
There is much more strategy involved in college planning than just putting money into a college fund. Even if you are not sure if your child is going to college, it’s important to plan as if they are. It’s never too early to plan, but if your child is in high school, it’s even more important to put a plan in place quickly.
TAX SERVICES & HELP WITH IRS AUDITS
Tax preparation and amendments are our bread and butter as well as help with IRS audits. Learn how Drenen Financial can help lower your taxes and represent you in any financial situation.
AMENDED TAX RETURNS
Do you need us to make a change or check another preparer’s work? If you receive an IRS or state notice, we can also review and subsequently amend any returns you may have prepared elsewhere.
TAX PLANNING
We utilize every legal strategy available to us to reduce your taxes. Therefore, our tax planning looks ahead and forecasts potential tax events. We come up with strategies to minimize them before they happen.
IRS REPRESENTATION
If you are facing an audit, we can help you prepare and represent you during the audit itself.
OFFERS IN COMPROMISE
Do you owe back taxes and penalties? We can help you establish a settlement and/or a further repayment plan.
GET THE PROTECTION YOU DESERVE
Insurance that fits your needs
We provide Life, Disability, and Long-term Care Insurance. Whether you have insurance or not, come in for a free review. New insurance products are now available which may better suit your needs.
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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 offer Variable, Fixed, and Index Annuities. If you have annuities, we can review them and make sure they are the best type for you.
MUTUAL FUNDS
We have access to a wide variety of mutual funds to choose from. Do have your eye on a particular fund? No problem! We can research it for you.
BROKERAGE & MANAGED ACCOUNTS
We can open new accounts or transfer existing brokerage accounts. For those who’d like more hands-on help and oversight, we can manage your account for you or additionally put you in a managed portfolio.
COLLEGE 529 PLANS
As part of our college planning services, we can discuss if a 529 plan is right for you. Nevertheless, whether your child is 1 or 18, make an appointment to talk with us about your college funding options.
REITS
We offer a myriad of Non-Traded Real Estate Investment Trusts as well as traded REITs. While this type of investment is usually more risky than a traditional stock/bond portfolio, investing a small portion of an existing portfolio into alternative investments such as a REIT may actually reduce risk and increase returns.
The Hub
Learn more about financial concepts and tax tips with Drenen’s Finance Blog.
General Resources and Financial Calculators
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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 BELOW
Meanwhile, Visit Drenen Financial Services
Drenen Financial Services, Inc. 89 South Maple St. Westfield, MA 01085
