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CEOs of many construction companies are beginning to realize that their accounts aren’t big enough to stay on the radar screen of a Big Four firm, and they don’t want to pay a premium just to have a mega-firm sign off on their statements. They’re also tired of constantly seeing new, inexperienced staff on their accounts. At the other end of the spectrum, contractors often are dissatisfied with the depth of expertise provided by local firms with limited experience in the construction industry. By engaging aProfitCrew accounting firm, your company receives personal attention from an experienced team of advisors specifically focused on the construction industry. Rather than seeing new, inexperienced faces every year, your company can rely on professionals who know the construction business. After two sons joined their father in the company, they turned to a ProfitCrew firm for help in crafting a succession plan. Working together, the company and their advisors set up a plan that included estate planning and a buy-sell agreement. When the father passed away a few years later, the estate plan enabled a fair value to be set for his estate. When one of the sons who now co-owned the business died unexpectedly shortly after his father’s death, the buy-sell agreement became crucial. Thanks to proper planning, the sole remaining partner was able to take control of the business and operate it successfully during such a tragic time, and the company continues to grow and thrive today. Let ProfitCrew help you shoulder unexpected burdens by developing plans for every contingency.
Several years after merging with a large national conglomerate, the president of a plumbing and mechanical design installation company decided he wanted to buy his company back. The controller recommended bringing in an outside accounting firm to review the company’s purchase proposal, so the company turned to the ProfitCrew firm that had performed its audit and tax work prior to the merger. Drawing on its knowledge of the company and experience with other similar clients, the accounting firm recommended that the acquisition be restructured. The advisors also suggested changes to the allocation of the purchase price with respect to contractor claims. These changes resulted in significant tax savings, and the deal was completed in just three months.
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