SERVICES

Auditing & Accounting

Understanding your company’s larger financial picture is necessary to grow, to remain competitive, and to comply with generally accepted accounting principles. We help you analyze and understand the numbers that make your business operate.

You don’t need a cookie-cutter approach, but rather keen, thoughtful guidance.  Our goal is to help you make the best decisions for your business.  It’s no wonder that many of our clients have encouraged the next generation of business owners- their children -to work with us.

Call us when you need:

  • Compilations
  • Reviews
  • Audits
  • Financial statements

 

Budgeting & Forecasting

So much about starting up a company and operating a business is about planning: planning budgets, planning for expansion and upgrades of equipment and software, planning for the unexpected, and adjusting those plans when the unexpected does indeed happen. Having a team of financially-minded people on your side is essential for budgeting and forecasting. We are that team.

Call us when you need:

  • Cash flow analysis
  • Long range forecasting
  • Operational plans
  • Key Performance Indicators (KPIs)

 

Business Acquisitions & Sales

Buying or selling a business is one of the biggest decisions you’ll make in life.

Buyers:  We counsel you through everything you need to know when you’re considering buying a new company – such as business valuations, securing financing and long-range viability.

Sellers:  If you are thinking of selling your business whether now or in the next few years, we evaluate all of the tax implications and the impact the sale will have on your financial life. We make the leap off the cliff look a lot less steep.

Call us when you  need:

  • Merger and acquisition due diligence
  • Business valuations
  • Tax planning

     

    Business Consulting

    As business owners ourselves, we have many of the same business and tax issues that you have, such as remaining competitive while remaining profitable, securing financing, and understanding cash flow projections. In other words, we get it. This means we also have proven strategies for helping you succeed.

    From our solid relationships with area banks to the varied skills of our outstanding staff of CPAs, we have the business expertise you need to be successful. In addition, we’ll help you answer those business questions that crop up:

    • Should I lease this space?
    • Should I buy this piece of equipment?
    • Should I consider this merger or acquisition?

    Call us when you need:

    • An introduction to a knowledgeable banker
    • An advisor to ask the right questions
    • Cash flow projections
    • Lease or buy analysis

       

      Business Succession Planning

      You’ve worked hard building your business and you want to ensure that the next generation is prepared to carry on what you started. You’ll likely only transition one business in your lifetime, whereas we’ve helped many businesses over the decades and can help you avoid common pitfalls, make sure every action has been carefully considered, and understand issues pertaining to the succession while keeping at the forefront of the conversation the very personal aspects of your transaction.

         

        Business Valuation

        Understanding the true value of your business is essential in order to be able to make a variety of business decisions that will provide the optimal results for you and your company.

        There are many situations in which businesses need to be valued: estate tax planning, gifting programs, divorce, business sale or acquisition, partner dissolutions, and Sub-Chapter S elections.

        Our certified valuation analysts (CVAs) provide a comprehensive and objective analysis to ensure that the decisions made are based on sound evidence and reasoning, not emotion.

        Call us when you need:

        • Business valuation
        • Key Performance Indicators (KPIs)

         

        Employee Benefit Plan Audits

        When a company has over 100 eligible participants in its 401(k) plan, the IRS and the Department of Labor require that plan to be audited every year to ascertain that the plan complies with the appropriate rules. These audits are detail oriented and somewhat unconventional, so it’s best to have an accounting firm that does them frequently. We’re one of the few accounting firms in Massachusetts that does these audits and does them well. 

          Tax Planning & Preparation

          Minimize your tax liabilities using legitimate tax planning strategies while maximizing your financial statement income. Choose an advisor who always has your best interests at heart, who never has hidden agendas, and is always available to answer your questions.  Call on our team of professionals for proactive and creative advice.  We’re always looking for the best tax strategies to form a plan now so that there are no surprises later.

          Call us when you need:

          • Tax planning
          • Individual and family tax return preparation

           

          Tax Representation for IRS & State Authorities

          Going before a governmental body can be nerve-wracking even for the most calm and self-assured business owner or individual. Because of our extensive documentation and understanding of tax law, we’ve experienced great success when representing our current clients. If you’re new to PFC, we’re happy to work with you through the process and represent you before federal and state authorities.