Advisory Services
With decades of specialized expertise, our firm delivers comprehensive advisory services through dedicated financial management solutions. From strategic cash flow management to robust internal controls, business succession planning, forensic accounting, and financial statement audit preparation, our experienced professionals provide tailored guidance while maintaining the highest standards of financial integrity. We combine deep business acumen with practical implementation strategies to address diverse client challenges effectively, ensuring your organization maintains financial health, operational efficiency, and sustainable growth.
Cash Flow Management
Are you struggling to maintain positive cash flow in your business? Do you find yourself worrying about meeting payroll or other financial obligations? Are you looking to maximize returns on your available funds while ensuring you have capital when needed?
If any of these concerns sound familiar, our cash management services can help. A wise business owner once said, “Happiness is a positive cash flow.” Everything is better when your cash-in exceeds your cash-out.
Cash Flow Projections
- Develop short-term (weekly, monthly) projections to manage daily cash needs
- Create long-term (annual, 3-5 year) projections to develop capital strategies
- Prepare historical cash flow statements to understand where money went
- Identify potential cash shortfalls before they become crises
Cash Acceleration Techniques
- Implement proven collection policies to improve accounts receivable
- Establish effective payment strategies to optimize outgoing funds
- Accelerate cash collection through improved systems and processes
- Reduce time between service delivery and payment receipt
Financial Strategy & Support
- Obtain appropriate lines of credit with favorable terms
- Maximize return rates on idle cash
- Develop relationships with bankers and creditors
- Establish emergency funding sources for unexpected needs
What Sets Us Apart: Our comprehensive approach to cash management combines strategic planning, practical implementation, and ongoing monitoring to ensure your business maintains positive cash flow, avoids financial crises, and builds a strong foundation for future growth.
Internal Controls
Are you concerned about potential financial mismanagement in your company? Do you need assurance that your resources are being handled properly? Are you looking for ways to protect your business from employee theft and fraud?
At times, you may need a trained outside professional to evaluate your company’s operations to determine if the appropriate controls are in place to ensure proper handling of resources and to protect yourself from employee theft.
Control Assessment & Implementation
- Implement segregation of duties so that duties are divided, or segregated, among different people to reduce risk of error or inappropriate actions
- Make sure transactions are authorized by a person delegated approval authority when consistent with policy and when funds are available
- Ensure records are routinely reviewed and reconciled by someone other than the preparer or transactor
- Make certain that equipment, inventories, cash and other property are secured physically and periodically counted
Procedural Development
- Provide employees with appropriate training and guidance to ensure they have the knowledge necessary to carry out their job duties
- Document policies and procedures and make them accessible to employees
- Establish proper channels for reporting suspected improprieties
- Supply day-to-day guidance to staff and ensure continuation of duties during employee absences or turnover
Operational Review
- Assess internal control systems to determine efficiency and effectiveness of operating procedures
- Review operations to ascertain whether results align with established objectives and goals
- Verify operations are being carried out as planned
- Recommend improvements to help your company become stronger and more profitable
What Sets Us Apart: Our systematic approach to internal controls combines risk assessment, practical implementation, and ongoing monitoring to safeguard your assets, improve operational efficiency, and provide peace of mind that your business is protected from internal threats.
Business Succession Planning
Are you wondering what will happen to your family business when you’re no longer running it? Do you have concerns about having enough money to retire? Are you struggling with how to transition your business fairly among family members?
If you own a family business, considering what you want to happen to your company comes with many questions and potential scenarios. The family dynamic complicates the whole transition because of the relationships and emotions involved.
Critical Succession Challenges
- Keeping it in the family.Are you going to pass the business on to your family or sell it to a third party? We help you weigh the advantages and disadvantages of each of these options.
- Who’s going to run the business when you’re gone?Management and ownership are not one and the same. We help you determine optimal management and ownership structures for your family’s situation.
- Minimizing the tax bite.The tax burden when transitioning a family business can be significant, especially as a family business is not generally a liquid asset.
- Making it fair.We talk with each family member to ensure they feel they are getting an equitable and fair share of the pie.
Comprehensive Planning Process
- Business Valuation
- Business Restructuring
- Tax Consequences
- Retirement Projections
- Tax Projections
Why Succession Planning Matters: More than seven out of ten family-owned businesses fail to survive the transition from founder to second generation, typically falling prey either to estate taxes or family discord – or both. Developing and implementing a well-designed succession plan is essential to the survival of a family business from one generation to the next.
What Sets Us Apart: Our personalized approach addresses both the business and emotional aspects of succession planning, creating solutions that protect your legacy, ensure business continuity, and maintain family harmony through one of the most challenging business transitions you’ll face.
Fraud/Forensic Accounting
Do you worry that you or your business might be the victim of fraud, theft or embezzlement? Do you need to analyze your financial data to uncover potential misconduct? Are you involved in any litigation, and do you require an expert witness to testify on your behalf?
If any of these situations apply, you may need forensic accounting services. Disputes can range from business-related litigation to marital dissolution. We handle both litigation support and investigative accounting.
Litigation Support
- Assist in obtaining the necessary documentation to support or refute a claim
- Examine the relevant documentation to form an assessment of the case
- Review the damages report by the opposing expert
- Assist with settlement discussions and negotiations
- Attend trial to hear the testimony of the opposing expert and provide assistance with cross-examination.
Investigative Accounting
- Employee theft of property or inventory
- Misappropriation of funds by employees
- Kickbacks to employees from outside businesses
- Securities fraud
- Insurance fraud
Forensic Investigations Pursuant To
- Disputes among shareholders or partners
- Personal injury claims / motor vehicle accidents
- Insurance claims
- Business/employee fraud investigations
- Matrimonial disputes
- Business economic losses
What Sets Us Apart: We combine specialized expertise, advanced technology, and proven methodologies to deliver thorough financial investigations that uncover misconduct and strengthen your position in disputes.
Financial Statement Audit Preparation & Due Diligence
Are you facing your first financial statement audit? Do you need to ensure your records meet accounting standards? Are you preparing to buy or sell a business and need assistance with due diligence?
We can help you navigate these complex financial processes with confidence and thoroughness.
Audit Preparation Services
- Review your financial records to ensure compliance with Generally Accepted Accounting Principles (GAAP)
- Verify adherence to Federal and State tax laws
- Identify and correct potential issues before the formal audit begins
- Organize documentation to streamline the audit process
Transaction Due Diligence
- Conduct comprehensive financial reviews for business acquisitions
- Prepare financial documentation for selling your business
- Identify potential risks and opportunities in transaction targets
- Verify financial representations and warranties
What Sets Us Apart: Our meticulous approach combines technical expertise with practical guidance, helping you navigate complex financial processes with confidence while minimizing disruption to your business operations.
