Business Details
16 Years
experience
Your Trusted Accounting Partner in New Milford, CT
At Bakewell & Mulhare, we believe in the value of relationships built on trust, integrity, and personalized service. With over 30 years of combined experience as Certified Public Accountants, we approach every client relationship as a partnership, prioritizing your success as the foundation of our own. Our commitment to excellence is reflected in our continuous investment in professional development, cutting-edge technology, and a deep understanding of evolving financial regulations. We specialize in delivering tailored tax planning, estate planning, and accounting software solutions to individuals and businesses across Litchfield County, Connecticut.Our team takes pride in offering the expertise of a large firm with the attentive, hands-on service of a local practice. By staying ahead of legislative changes and leveraging strategic insights, we empower clients to make informed financial decisions. Whether guiding families through estate planning or advising businesses on profitability strategies, we remain dedicated to clarity, transparency, and long-term client satisfaction. Our reputation, built since 2010, stands as a testament to our unwavering focus on technical precision and client-centric solutions.
Services
Tax Planning & Preparation
Estate & Retirement Planning
Accounting Software Planning
IRS Audit Representation
Payroll Reporting
Business Consulting
Financial Statements
Forecasts & Projections
Financial Planning Services
Consulting Services
Details
- Year established: 2010
Highlights and features
- We have over 30 years of combined experience as Certified Public Accountants.
- Our team provides personalized service tailored to local Litchfield County needs.
- We offer in-house expertise for comprehensive financial and tax solutions.
- Our commitment to continuing education ensures up-to-date regulatory compliance.
- We combine big-firm knowledge with small-firm accessibility and care.
Associations and certifications
- Certified Public Accountants (CPA)
What people say
Excellent job
Expert in her field
Always available
On top of tax changes
Big firm knowledge, personal service
Services
Tax Planning & Preparation
We develop customized tax strategies to leverage current laws and minimize liabilities for individuals and businesses. Our team stays updated on legislative changes to ensure compliance while optimizing financial outcomes. Clients benefit from proactive planning and accurate filing, supported by decades of CPA experience.
Estate & Retirement Planning
Our estate planning ensures asset security for surviving spouses and reduces transfer taxes through strategic legal frameworks. We guide clients in organizing financial affairs to protect legacies and meet long-term retirement goals. Services include trust and gift planning, tailored to individual family and business needs.
Accounting Software Planning
We help businesses select and implement accounting software aligned with operational requirements. Leveraging industry expertise, we ensure seamless integration and staff training for systems like QuickBooks and Xero. This service streamlines financial management while maintaining compliance and scalability.
Business Consulting
We identify profitability challenges and create practical solutions for business growth. Our consulting includes entity selection, valuations, and strategic planning to address operational inefficiencies. Clients receive data-driven insights to enhance decision-making and long-term sustainability.
Payroll Reporting
We manage payroll compliance with federal and state regulations, ensuring accurate tax filings and employee compensation. Our services reduce administrative burdens and mitigate legal risks for businesses. Clients gain confidence in error-free payroll processing and timely reporting.
People
Cheryl Bakewell
Certified Public Accountant
Cheryl Bakewell, a CPA with decades of experience, specializes in tax and financial planning. Clients praise her expertise, availability, and dedication to staying current with tax law changes. She prioritizes personalized service and client education.
Scott Mulhare
Certified Public Accountant
Scott Mulhare brings extensive CPA experience to tax and business consulting. Since 2010, he has served clients with big-firm knowledge and small-firm accessibility. His focus includes audit representation and strategic financial planning for local businesses.
Questions
What accounting services do you offer for small businesses?
We provide tax planning, payroll reporting, financial statements, business valuations, and software implementation tailored to small businesses in Litchfield County.
How can estate planning benefit my family?
Our estate planning secures assets for surviving spouses, reduces transfer taxes, and organizes financial affairs to protect your legacy through trusts and legal frameworks.
Are you available for IRS audit representation?
Yes, we represent clients in IRS and state audits, leveraging daily experience with tax authorities to resolve matters efficiently and confidently.
Do you serve clients outside New Milford, CT?
While based in New Milford, we serve all of Litchfield County and assist clients with remote consultations and digital file management tools.
How do you stay updated on tax law changes?
Our CPAs invest in continuing education and monitor trade journals to ensure compliance with the latest regulations and legislative updates.
Reviews (6)
Jeffrey Kilberg
May 15, 2021
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Another year's taxes completed and I want to say, I have personally utilized the accounting firm of Bakewell & Mulhare for many years. Their professionalism and exacting detail to our taxes gives me a feeling of security, knowing all is done to the highest standards. Now with their new centrally located office on Main Street, in New Milford, they are easier than ever to stop in and have your appointment. I recommend anyone or any business looking for a top notch accounting firm who will meticulously review your taxes. Since this original review, our business has also transferred to the Bakewell
Rose Koulouris
Dec 13, 2019
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Cheryl and her associates are the best !!!!!! We have used them for business and personal. They speak to you so you understand what's going on. I would highly recommend them.
Roy Falder
Jun 03, 2018
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Scott has been handling our tax returns since we moved here from the UK in 2010. Thanks for doing an excellent job.
David Robles
Nov 28, 2016
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Scott, Cheryl and Larry all take diligent time and care personally on my taxes for my businesses and family. Big firm knowledge with all the personal services of a small firm. Everything is done in house which is what I prefer.
Richard Schipul
May 27, 2016
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I have used Cheryl Bakewell since I moved to New Milford 18 years ago for our personal taxes and for my business. She is a professional and is very knowledgable in tax law. Scott is an expert in estate planning and has been working with my parents for many years with their estate planning. I would highly recommend them.
Dinesh Rajagopalan
May 04, 2016
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I have been working with Cheryl for a number of years now both m with my business and personal returns. I have also referred her a number of my mortgage clients. Cheryl is a consummate professional and truly and expert in her field. She is always available to answer a question and is on top of any changes and updates in taxation laws and above all someone that truly cares for her clients and friends.
