Paul A. Sirek, CPA
Partner
I enjoy working with people and finding solutions for their business and tax issues. These partnerships often result in long-term working relationships.
OVERVIEW
Paul's focus is on the financial institutions industry. He provides management consulting, tax planning and tax compliance services to financial institutions ranging in size from less than $50 million to more than $1 billion. He conducts tax research projects, and he assists financial institutions with merger and acquisition issues, including tax structuring of transactions and the regulatory application process. Paul also assists bank holding companies and financial institutions with regulatory filings, including FR Y-9C, FR Y-9LP and FR Y-9SP reports.
Paul is attentive and very responsive, promptly replying to inquiries and providing a high level of customer service. He communicates current tax developments to clients and staff, so they are up to date on requirements, and he consults with financial institutions, as well as their shareholders, on S-corporation conversions and S-corporation planning issues. His goal is to provide clients with the tools they need for growth and success.
Outside of work, Paul enjoys golf and spending time with his family, often attending his three kids' sporting events and activities. He likes to read, and he typically chooses biographies, historical novels and other nonfiction. The real world is too interesting to pass it by in favor of made-up stories, he says.
QUALIFICATIONS
Memberships
- American Institute of Certified Public Accountants
- Minnesota Society of Certified Public Accountants
Designations/Licensures
- Certified Public Accountant
Education
- Master of Business Taxation – Carlson School of Management, University of Minnesota, Minneapolis
- Bachelor of Science, Accounting – Minnesota State University, Mankato
- AICPA National Banking School – University of Virginia
KNOWLEDGE
Client Work
- Assisted a bank complete an acquisition that doubled its size. Provided regulatory and tax guidance throughout the process, overseeing the regulatory application process. Assisted in raising capital and obtaining financing to complete the acquisition.
- Assisted a large, two-bank holding company over the course of several years to manage its deferred tax assets to the point that it was feasible to make an S corporation election, which will benefit the banks and their shareholders for many years to come.
COMMUNITY
Community Involvement
- Bank Holding Company Association, Subchapter S Bank Association, and Bank Tax Institute speaker on financial institution taxation developments
- Frequently instructs Continuing Professional Education courses in Minnesota, Iowa and Nebraska
- Church Trustee