We provide highly specialized financial advisory services to small business and nonprofit clients in the areas of tax and strategic planning, business restructuring, and mergers and acquisitions. We also provide financial and tax planning services to individual clients.
Ervil G. Spencer, CPA is currently the CEO & Managing Partner at CS Financial Advisors Inc., which he co-founded in 2003. At CS Financial Advisors, Ervil draws on his twenty-five years of experience in finance and tax to develop tailored solutions to address the unique needs of small business, nonprofit, and individual clients.
Negotiated the settlement of an IRS tax debt of over $100,000 for a client, with the IRS accepting a $500 settlement
Negotiated the resolution of a workers’ comp assessment on a small business of over $250,000; with settlement offered by the workers comp board of $3,550
Negotiated the resolution of a workers’ comp assessment on a small business of $48,000 with a settlement of less than $8,000, payable over four years
Represented a client in a matter involving an IRS assessment of approx. $60,000 by advising the client on an appeal to the U.S. tax court and negotiating with the IRS Appeals Office, resulting in the $60,000 IRS assessment being rescinded
Represented a client in an IRS matter involving an IRS assessment of over $25,000 by correctly applying tax law to the client’s situation, resulting in the liability assessment being reversed and the client receiving combined refunds (with interest) of over $10,000 from the IRS
Represented a small business in tax amendment matters relating to IRS and NYS past tax returns, and successfully recovered prior year tax refunds (with interest) of over $30,000.
Represented client in a NYS offer in comprise, negotiating a $15,000 settlement (payable over 4 years) on NYS tax liabilities of approx $70,000.
Represented a small business client that was assessed over $15,000 in retirement plan related penalties, resulting in the penalties being completely rescinded.
