Strategic Advisors

Helping You

Prepare, Protect & Propel Your Business

we offer a wide range of tax, accounting, and financial services to assist business owners and family-owned enterprises in their growth and longevity

What We Do

At Somich & Associates, we are committed to delivering unparalleled financial expertise tailored to your unique needs. Our team of seasoned Certified Public Accountants and Business Advisors provide a comprehensive suite of services designed to optimize your financial health and empower your success.

Tax Planning and Advisory Services

Enhance tax efficiency and minimize liabilities with our expert Tax Planning and Advisory services. Our team provides tailored strategies to optimize your tax position, ensuring compliance while identifying opportunities for savings. From proactive planning to strategic advisory, we’re dedicated to optimizing your financial success.

Business Advisory Services

Empower your business with our specialized Business Advisory Services. From strategic financial planning to tax optimization, our CPA-led team provides tailored solutions to enhance profitability and mitigate risks. With a keen eye on regulatory compliance and financial efficiency, we guide you through complex financial decisions, ensuring sustainable growth and long-term success.

Outsourced CFO Services

Unlock strategic financial leadership without the full-time commitment. Our Outsourced CFO services provide expert financial guidance tailored to your business needs. From financial planning and analysis to budgeting and forecasting, our advisors are here to optimize your financial strategy and drive growth.

Bookkeeping and Accounting

Streamline your financial management with our comprehensive Bookkeeping and Accounting Services. Our expert team of accountants ensure accurate record-keeping, timely financial reporting, and compliance with regulations. From day-to-day transactions to financial analysis, we handle the details so you can focus on growing your business.

Who we are

A Firm Built On Values…

Our foundation is rooted in unwavering values that define who we are and guide everything we do.

“The Somich & Associates Team have been such a pleasure to work with! Taxes and financials can often seem scary to many people and organizations, but the Somich and Associates Team makes the process easy.”

Juliana P.

The Somich & Associates team is incredibly responsive, kind, professional, and willing to help! Andrew and his team have been able to help us with any of our financial questions. Our team highly recommends Somich & Associates!

AWT Foundation

“Andrew and his team are absolute professionals in the industry, helping me to optimize my tax returns year over year while providing invaluable advice for both my personal and corporate taxes. This team definitely goes above and beyond.”

Andrew P.

Let’s Get Started

Don’t Let the Complexities of Your Financials Burden You Any Longer

Whether you’re a seasoned business owner or just starting, we are here to support your financial journey. Partner with us, and let’s build a successful and prosperous future for your business and family. Contact us today to schedule a consultation.

Accounting Resources, Articles and Updates

Amending a Tax Return

Amending a Tax Return

There's usually an element of relief after your annual tax return has been filed. But what do you do if you find an error on your tax return? Should you always file an amended return? Here are some things to consider. Errors in the IRS's favor Errors discovered that...

Deduct Business Meals the Right Way

Deduct Business Meals the Right Way

Suppose you take your best client out to dinner to celebrate your business relationship. If you own a business, are self-employed or run a side business, can you deduct any of the cost? Here are some tips to stay on the right side of the new rules: Make clear it’s a...

2024 HSA Contribution Limits

2024 HSA Contribution Limits

The 2024 HSA Contribution Limits have been set for 2024. And inflation adjustments break through the historic trends of 1 to 2% increase each year. Next year the amount you can save to pay for health costs with pre-tax dollars jumps by more than 7%! HSA defined An HSA...

Somich & Associates CPAs

Contact Us

Whether you’re an individual, a small business, or a corporation, our team of experienced Certified Public Accountants is here to assist you. Feel free to reach out to us using the information below:

(216) 250-4533

7464 Mentor Ave., Mentor, OH 44060

M-F: 8am-5pm, S-S: Closed