Presented by Barbara J. Oswalt, CPA/ABV, CVA, CFF

Tax ServicesOur mission

Make things work for our clientsHelp them sleep at nightSimplify their livesHelp them accomplish their goals and objectives

Advisor of first resortViewed as their partner/advocateFrequently lack internal expertise in business matters

ServicesCompliancePlanningGeneral business advice

Tax ComplianceTax returns

Businesses (corporations, partnerships, LLC’s, sole proprietorships)

IndividualsExempt organizationsTrusts and estatesGift and estate taxMulti-state

Basis and at risk calculationsNexusInternationalAccounting for income taxes (SFAS 109 and FIN

48)

Planning and ConsultingPreliminaries

Should I start or buy a business?If purchasing

Is the price right? Due diligence

StructuringEntity selection - corporation, partnership, LLC

or proprietorshipTax elections - S or C corporationAccounting periods and methods

Planning and Consulting (cont)Now what?

Accounting assistanceMid-year and year-end planningPurchase versus leaseAssistance with other business decisionsBalancing of tax and cash-flow considerations

between all entities

Planning and Consulting (cont)Critical issues

Compensation planningBuy/sell agreementsEstate and succession planning

Assistance with decision-making on tax aspects of possible investments

IRS examinationsSpecial projects

Cost segregation studiesR & D studies

Business ValuationWhat is a business worth?

What is the purpose?Do you need a valuation?

Reasons someone might need a valuationPurchase or saleDivorce (marital or business)Estate and giftCharitable donationsShareholder disputesInsurance planningAssociated with auditsSuccession planning

Business Valuations (cont)Associated services

What drives value for a particular business?How can the value be increased?LitigationTransaction structuring

Litigation Support ServicesTypes of litigation

DivorceShareholder disputesCommercial damagesTort damagesForensic issues

Succession or Transaction PlanningWhat happens to a business

Transition to next generation or employeesSale to or merger with outsidersESOPsLiquidation

Assistance with decision-making process – take complex issues and make them understandable for clients

Assistance with negotiationsStructuringWork with attorney or other advisors – often

“translate” for clientDocument review