For a professional approach to your business’ finances
Management Advisory
Estate Planning
Helping to Preserve and Grow Wealth For Future Generations.
Estate planning on your own can be complicated and costly. And the to-do list is endless… state taxes, bureaucracy, probate courts, unfair appraisals, health care concerns, eligibility of heirs, life insurance, IRA’s, 401K’s, annuities, burial or cremation costs, and intent regarding death-postponing treatment to name a few.
Not knowing your legal and financial rights often ends up costing you more in the end.
Planning what happens to your estate when you’re gone can seem frustrating and intimidating without qualified help. You may feel that you’re too young to care about estate planning. Or, perhaps the reminder of death makes you uncomfortable. You might be tempted to put the whole thing off, assuming that it will just take care of itself. In all cases, estate planning ends up saving your family lots of time, heartache and money. And we can help with the preparation of estate and trust tax returns.
Management Advisory Services
CG Accounting Group, LLC provides you with the expertise of a professional financial manager dedicated to giving your business the tools and information it needs to succeed.
The service includes:
- Compilations: Every business has three different groups interested in their financials: their stockholders, their creditors and their private investors. We understand that each group has their own risk tolerance level, so we provide compilations that are appropriate for each.
- Cash Flow Management: The best way to avoid a financial crisis within your business is to have a constant understanding of your cash flow. We will provide a cash flow projection that lets you understand exactly where you stand at all times.
- Bank Financing: A properly organized and prepared loan application sends lenders a message of stability. We help you put together winning applications.
- Business Valuation: When trying to determine the value of a business, having an objective, experienced professional on your side is essential. We provide clear-eyed, informed evaluations to help you make the right decision.
- Succession Planning: One of the most difficult aspects of running a family business is putting a succession plan into place, but it is essential to the continued success of the organization.
- New Business Formation: The thrill of starting a new business can quickly be replaced by the realities of day-to-day organizational needs. We provide the management tools you need to succeed.
- Internal Controls: Maintaining peak efficiency within your organization requires frequent reviews and reassessment of your internal controls. We provide an objective eye, as well as recommendations.
- Small Business Accounting: You went into business to do what you love, not to do bookkeeping and accounting. We provide accurate, essential services so you are free to do what you do best.
Business Valuation
There are a number of reasons and circumstances that require an accurate assessment of how much your business is worth.
Business valuation comes into play when taking on new shareholders or attempting to negotiate a liability question. Merger discussions, estate planning, marital dissolution and shareholder equity are all common situations in which under or overvaluing your business can make a world of difference, and that’s why it is important to use an experienced business valuation service like CG Accounting Group, LLC. We have extensive experience in assessing the values of a wide range of organizations, and we use our knowledge to gather all of the relevant information from both the current day operations of your business and your historical financial data. The team at CG Accounting Group, LLC are professionals who will take the time to do an objective, in-depth analysis, making sure that we have a full understanding of your business and then documenting our findings in a way that makes our assessment and valuation opinion easy to understand and fully defensible.
CG Accounting Group, LLC has experience in preparing business valuations for a variety of purposes, including:
- Management buyouts
- Leveraged buyout transactions
- Purchase or sale of closely held businesses or business interests
- For bank financing applications
- Restructuring and recapitalization
- Analysis and advice regarding pending purchase offers
- Determining the value of employee stock ownership plans (ESOPs)
- Medical practice buy-ins
- Court-appointed dispute resolution
- Valuation of subsidiaries, joint ventures and divisions for spin-offs or sales to shareholders
- Disputes and litigation involving minority shareholders
- Equitable distribution in divorce
- Bankruptcy
- Assessing and determining business damage
- Fraudulent conveyance and solvency analysis
- Mediation
- Litigation consulting services
- Binding arbitration
- Disputes with the Internal Revenue Service/Reasonable officer compensation determination
