Business Details
49 Years
experience
Trusted Accounting & Tax Services in Birmingham, AL
Humphryes & Arnett PC, P.C., CPAs has been a trusted partner for individuals and businesses seeking comprehensive financial guidance since its founding in 1977. Our firm combines decades of expertise with a personalized approach, offering services ranging from tax planning and accounting to litigation support and business valuation. With a team of certified professionals holding credentials such as CPA, CIRA, and CFE, we deliver tailored solutions that address both immediate needs and long-term goals.Our commitment to excellence is demonstrated through successful peer reviews, membership in prestigious organizations like the AICPA, and a client retention rate built on trust and results-driven service. We specialize in navigating complex financial landscapes, including bankruptcy proceedings, forensic accounting, and strategic business advisory, ensuring clients receive actionable insights grounded in deep industry knowledge.
Services
Tax Management
Accounting Services
Audits
Estate Planning
Litigation Support
Business Valuation
Payroll Services
IRS Representation
Details
- Year established: 1977
Highlights and features
- We offer over 45 years of combined experience in accounting and financial advisory services.
- Our team includes CPAs with specialized certifications in insolvency and fraud examination.
- We provide tailored solutions for complex business litigation and bankruptcy cases.
- We maintain high standards through successful completion of voluntary peer reviews.
- Our firm has served as court-appointed trustees and receivers in multiple jurisdictions.
Associations and certifications
- American Institute of Certified Public Accountants (AICPA)
- Private Companies Practice Section (AICPA)
- Association of Insolvency Reorganization Accountants (AIA)
- Association of Certified Fraud Examiners (ACFE)
Services
Tax Management
Our tax management services help individuals and businesses minimize liabilities while maximizing cash flow through strategic planning. We provide comprehensive preparation and advisory services for federal, state, and local tax matters. With expertise in complex tax scenarios, we ensure compliance while optimizing financial outcomes for clients across diverse industries.
Litigation Support
We offer expert litigation support including forensic investigations, damage calculations, and business valuations for legal proceedings. Our professionals have testified in federal and state courts across multiple states, providing critical financial analysis in civil and criminal cases. Services include expert witness testimony, asset tracing, and dispute resolution support for commercial litigation.
Business Valuation
Our business valuation services analyze financial metrics and market factors to determine company worth for mergers, acquisitions, or legal proceedings. We provide detailed reports used in bankruptcy cases, shareholder disputes, and succession planning. The service includes cash flow analysis, asset evaluation, and industry benchmarking to support accurate valuation conclusions.
Estate Planning
We help clients create comprehensive estate plans to ensure smooth asset transfer and tax-efficient wealth preservation. Services include trust administration, will preparation, and tax strategy development for individuals and families. Our approach balances legal compliance with personalized financial goals to protect client legacies across generations.
IRS Representation
Our IRS representation service provides professional advocacy during tax audits and disputes with federal/state agencies. We handle correspondence, negotiate settlements, and develop resolution strategies for back taxes or compliance issues. With deep understanding of tax codes, we work to minimize penalties and achieve favorable outcomes for individuals and businesses under audit.
People
Terry W. Humphryes
President
Founder with 45+ years of experience in accounting and litigation support. Certified in insolvency and fraud examination. Testified in multiple state and federal courts. Graduate of University of Alabama and active in professional accounting organizations.
Beth B. Arnett
Partner
CPA with 32 years of public accounting experience. Specializes in tax planning for closely held businesses. Recognized as Birmingham Business Journal's Top Forty Under Forty. Active in Chamber of Commerce leadership and tax policy committees.
William L. Trudeau
Audit Manager
22 years of public accounting experience with focus on attestation engagements. Former U.S. Marine Corps officer. Manages firm's peer review team. Member of American Institute of CPAs and Alabama Society of CPAs.
Questions
What accounting services do you offer for small businesses?
We provide full-cycle accounting services including bookkeeping, financial reporting, payroll processing, and business advisory to help small businesses maintain accurate records and make informed financial decisions.
Do you handle complex tax situations for individuals?
Yes, we specialize in advanced tax planning and preparation for individuals with complex financial situations, including investment income, property transactions, and international tax considerations.
Can you assist with business valuations for mergers or acquisitions?
Our certified professionals provide detailed business valuations using industry-standard methodologies to support mergers, acquisitions, and succession planning with accurate market analysis and financial assessment.
What bankruptcy and restructuring services are available?
We offer comprehensive bankruptcy services including trustee representation, asset investigations, preference recovery, and business reorganization strategies to help companies and creditors navigate financial distress.
How do you support clients during IRS audits?
Our team provides expert representation during IRS audits, handling all communications, preparing documentation, and negotiating resolutions to minimize tax liabilities and ensure compliance with federal regulations.
What sets your firm apart from other accounting practices?
Our combination of specialized certifications, litigation experience across multiple jurisdictions, and personalized service approach creates unique value for clients facing complex financial challenges.
