Grace May LLC - Family Office Accounting Services
Grace May LLC
Tailored Financial Solutions
ABOUT US
Grace May LLC - Family Office Accounting Service
Grace May LLC’s Family Office Accounting Service is dedicated to providing specialized family office accounting services to high-net-worth individuals and families.
Grace May offers tailored accounting solutions with a white glove approach. We have brought the Family Office concept to individuals and families that desire that high-touch experience but don’t want to maintain their own office.
As Co-Founder and CFO, Michael Trabulsy leads the Family Office team. Michael is an
accomplished hands-on family office professional with 20 plus years of extensive experience
working with high-net-worth families. He started his career working for asset management
firms then spent the next 18 years working for Single Family Offices in New York City as a
controller and CFO.
Michael is analytical, dynamic and a decisive problem-solver who can execute complex and
ambitious business objectives in a discrete and sensitive manner. His goal is to simplify the
lives of his clients by managing their personal financial and administrative matters.
OUR SERVICES
What We Offer
Our services are designed to cater to the unique financial needs of affluent individuals and families. From expert accounting and meticulous investment administration to hassle-free bill payment and efficient payroll processing, we provide a comprehensive suite of financial solutions tailored to each client's requirements.
Personal Accounting for Privately Held Entities
We manage the accounting and provide reporting tools for our clients to understand their expenditures and cash flow needs. We will provide financial statements, budgeting, and cash flow projection reports which assist our clients in providing clarity for their financial picture.
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Bookkeeping for Private Held Entities, Trusts, and Private Foundations.
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Actual vs Budget Analysis.
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Cash Flow Projection Analysis.
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Financial statement preparation for entities.
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Personal Net Worth Summary. Customized Report for a rolled up consolidation.
Investment Administration
Alternative investment administration for private equity, hedge funds and directly owned private investments.
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Capital call processing & commitment tracking.
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Record distributions & oversight of payment confirmation.
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Tracking of Real Assets and administration including Real Estate, Aircraft, Sea Vessels, Art Collections, etc.
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Cost basis management, including tracking Inside and Outside basis.
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Investment document management including any annual compliance with CSR, FATCA & KYC
Bill Pay & Cash Management
We review and pay your bills, keeping you informed during the process with a customized approval system and personalized reporting.
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Payment of personal and entity bills.
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Personalized approval processes and procedures.
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Vendor oversight, contract review, invoice negotiation, and dispute resolution.
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Mail management (electronic & paper).
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Cash management oversight and analysis.
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Act as liaison for Investment advisors and Private banking teams.
Payroll & Benefits Administration
We act as your outsourced HR department. This will alleviate the time consuming process of handling payroll functions, reduce risk and compliance issues and allow you time to focus on other matters.
Whether for your family or business, we can administer payroll and benefits programs to ensure you are compliant with Federal and State regulations.
Domestic Employees
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Manage new employee onboarding process.
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Determine payroll entity structure.
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Payroll setup and processing coordination.
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Track employee hours, expenses, and paid time off.
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Evaluate and manage benefits and retention packages.
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Administer and coordinate benefit renewal process.
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Records management.
Privately-held businesses.​
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Payroll setup and ongoing administration
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Implement controls for an efficient, and effective payroll system.
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Prepare annual 1099-NEC, or other informational returns