Consulting

Nothing makes us happier than seeing your personal and business successes. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible custom-tuned strategies that address the issues affecting your business. The following are just a few of the areas in which we provide consulting services:

Accounting software selection and implementation
Type of entity selection
Business valuations
Buying/selling a business
Computer system selection
Financial & retirement decisions
Estate, trust & gift planning

Retirement Planning

Our goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. We can guide you through tough decision-making processes such as retirement plan selection for your business, retirement plan rollovers, asset allocation, investment performance monitoring and college education funding. Whether you are developing an investment strategy or evaluating current investments, we can ensure that you and/or your investment advisor are taking into consideration tax implications. The path to retirement is a long one and we can guide you to take the proper steps to reach your goals.

Entity Selection and Restructuring

Your business entity structure has a significant impact on your taxes and earning potential. From your Company’s inception through its growth and development, our team can advise you on choosing an entity type and later restructuring if advantageous.

Business Succession Planning

Although often put on the back burner, business succession planning should be a priority for family owned businesses. According to the National Federation of Independent Businesses, only 30% of family businesses make it through to the second generation. Developing and implementing a well-designed succession plan is essential to the survival of a family business from one generation to the next. Our team can advise you on your options to construct a business succession plan.

Estate Planning

Effective estate and trust planning can ensure financial security for loved ones. We will help you put into place a plan to ensure that your family and business concerns are ready for whatever the future holds. We have the research, resources and expertise to assist with intricate tax planning issues, involving multiple entities, concerns and goals. We can help you:

Create a tax-smart estate plan to make sure your estate is proactively transferred to the people you choose
Sell or transition your business
Map out the tax implications of wealth transfer
Work closely with reputable estate planning attorneys to make sure you use the best methods of transfer for your tax position
Work with family members to coordinate the transition of business management and ownership
Choose from a variety of estate planning vehicles, such as insurance or trusts, that may work for your situation

Transaction Services

Whether it is growth through acquisition or the sale of a company, today’s business environment involves an ever increasing level of merger and acquisition activity placing heightened demands on business owners or investors to make intelligent and timely economic decisions. From conducting buy side due diligence, sell side support, structuring efficient tax strategies to performing valuations, our team knows how to manage transaction risk and focus on enhancing value and reducing risk.

Debt & Financing Services

Debt management and the evaluation of financing options are issues that an experienced professional deals with every day. Let us use our experience to assist you in securing financing for your personal or business needs or consolidating your current debt to a more manageable level.

Pension & Profit Sharing Plans

Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs…) can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.

ESOP Plans

Imagine being able to sell all or a portion of your incorporated business in a transaction where you pay no current income tax on the gain you realize on the sale and where the purchase price is a tax-deductible expense for your business! Though it all sounds too good to be true, it is possible to secure exactly this result by selling stock to an Employee Stock Ownership Plan (ESOP).

An ESOP is a qualified defined contribution employee benefit plan under the Internal Revenue Code, with several key differences from other qualified plans:

An ESOP is designed and allowed to invest primarily in the stock of the sponsoring corporation
An ESOP is allowed to engage in transactions with “parties in interest” such as outside shareholders and corporate officers
An ESOP can borrow money, generally to fund stock purchases

While ESOP’s are not appropriate for all companies, they are not just for huge companies either. The only way to determine if an ESOP would work for you is to explore the possibility. If proceeding beyond that initial analysis makes sense to you and us, we and other professionals we work with can help you establish the Plan, assist you in securing financing for the purchase of your stock by the ESOP and assist in decisions relative to Plan administration.

Litigation Support

Litigation support involves the quantification of economic damages pursuant to existing or pending litigation using accounting and auditing techniques. We have experienced competent staff who can compile information efficiently to assist in the calculation and documentation of any potential economic loss or damages.

Expert Witness Services

Pending or existing litigation can result in the need for a qualified professional to present his/her opinion to support or oppose evidence submitted to the court. Our level of competence allows us the opportunity to function as expert witnesses in such cases.

Interest Charge – Domestic International Sales Corporations (IC-DISCs)

One opportunity that is offered to exporters but is infrequently used is an Interest Charge – Domestic International Sales Corp. (IC-DISC). This program, little known by many exporters, was first introduced nearly 30 years ago. It allows U.S. companies a significant tax savings when shipping offshore. Our team can review any tax advantageous opportunities that may exist for your Company if you export goods internationally.