Consulting & Valuation Services

Consulting Services

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following is just a few of the areas in which we provide consulting services:

  • Accounting software selection and implementation
  • Type of entity selection
  • Business valuations
  • Buying/selling a business
  • Computer systems
  • Management Advisory Services

    Even the most qualified managers can benefit from competent, objective feedback. We can help your company’s management team develop long-term objectives and specific strategies to facilitate your business’ future growth and success.

    Business Consulting

    We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.

    Business Entity Selection

    Choosing the form of entity of your business (e.g. “S” corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.

    Business Succession Planning

    Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company’s day to day operations. With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.

    Computer Consulting

    Whether you are contemplating the addition of new computer hardware or overhauling your network, our experienced staff can assist you with many of the difficult decisions that must be made when designing your business’ computer systems.

    Litigation Support

    Litigation support involves the quantification of economic damages pursuant to existing or pending litigation using accounting and auditing techniques. We have experienced competent staff who can compile information efficiently to assist in the calculation and documentation of any potential economic loss or damages.

    Expert Witness Services

    Pending or existing litigation can result in the need for a qualified professional to present his/her opinion to support or oppose evidence submitted to the court. Our level of competence allows us the opportunity to function as expert witnesses in such cases.

    Valuation Services

    Determining the value of privately-held businesses is a vital aspect associated with many business transactions, including financial reporting, estate planning, and litigation. As these transactions become more complex, the need for a comprehensive and objective determination of valuation increases.

    Valuations encompass a complete analysis of business operations or transactional details. Our approach to valuations is both art and science. A valuation must consider both the factual numbers from the past and management’s projections of the future. The analyst also must consider the economic environment, industry status, tax issues, and the people involved.

    Jacob K. Farsakh MBA, CPAs can assist by delivering a broad spectrum of valuation services, supplying the important information you and your business need, efficiently and effectively.

    The benefits of our valuation services

    There will be times when you may need to negotiate a purchase or sale, secure credit, settle a legal dispute, plan your estate, or develop comprehensive tax strategies. Whatever your specific needs, we provide valuations that apply professionally acceptable methods, resulting in a comprehensive and defensible estimate of value.

    Other specific situations where a valuation may be required: 

    • Buying or selling a business
    • During a divorce
    • Planning your gift/estate tax strategy
    • Liquidating your business
    • Conducting your duties as an executor of an estate
    • Establishing or maintaining a buy/sell agreement
    • Seeking business financing
    • Strategic business planning
    • Requiring a fairness opinion
    • Complying with SFAS 141, 142, and 144
    Our team draws upon not only their vast business valuation knowledge and expertise, but also on years of experience in a wide variety of industry, tax and auditing specializations. Their approach, the “art” aspect of the process, is rooted in assembling a team of experts from our vast network — both within and outside of our firm — who work with you to deliver a professional and carefully reasoned valuation that achieves your objectives on a timely basis.

    Jacob K. Farsakh MBA, CPAs’ business valuation or analysis includes:

    • Performing a comprehensive review of your business or the transaction being valued. This may include interviewing management
      and working with other professionals that are a part of your team
    • Reviewing and analyzing your financial data and projections
    • Comparing your business/transactions to other similar businesses/transactions, in order to benchmark your unique circumstances/facts or a specific situation
    • Evaluating the current national and local economic and industry environment to determine the impact
    • Deploying a range of valuation methods to your situation and determine the most appropriate method that best reflects the value
    • Applying applicable discounts or premiums to the value, due to such factors as a lack of control or reduced marketability
    • Providing a professionally written comprehensive report

    We keep both the process and the report simple enough to be understood, but detailed enough to support the conclusions.
    We understand that your business is unique and the results of a valuation must be easily understood by a third party. A judge, jury, or IRS agent must be able to follow the logic in a valuation report. Our expertise and comprehensive approach helps ensure that you receive a well-reasoned, well-presented valuation that supports your position. Should your valuation be questioned by the taxing authorities or through litigation, we will be there to provide the support and expertise needed to defend your position.