PFA Tax and Accounting Professionals offer a full array of consulting services. We gear our consulting services toward maximizing your cash flow and profitability. Some of the specialized services PFA offers: business valuations, succession, and estate planning, tax planning, mergers and acquisitions and projections for financing. Business Valuations and Succession Planning are especially critical for those nearing retirement. We base services on time involved, so we do not charge commissions or receive a higher fee based on sale price.
Business Valuations may be necessary for many reasons including Buy-Sell Agreements, Mergers and Acquisitions, Divorces, SBA & other financing purposes, Succession Planning, Estate and Gift Reporting, Shareholder Disputes, etc. Valuation base fees on our staff’s time involved in each engagement, with a typical range from $2,500 to $5,000.
PFA works with our clients to determine the most effective way to transfer your business. We believe a buyer and seller should “make the deal” before involving lenders or attorneys. We prepare a financial plan for the seller and then present it to the buyer with a plan, once agreed upon, for securing any outside financing. When approved, attorneys can be brought in to “document” the transaction. This approach may keep costs lower.
Tom Flynn comes to PFA with nearly twenty-one (21) years of experience with Federated Funeral Directors of America, a national accounting, tax and consulting firm in the funeral industry. For the majority of his tenure he was Manager of the Advanced Planning Department. His responsibilities included overseeing the preparation of Business Valuations, Succession & Estate Planning, Mergers & Acquisitions, Corporate, Partnership, Individual, Estate & Gift Tax Planning & Preparation and other Advanced Financial Planning & Consulting Engagements. He has been responsible for more than 1,000 business valuations, 600 business succession plans and 200 estate planning engagements.
Tom also spent seven years (7) with Gerald L. Kuhn & Associates, CPAs where his responsibilities included Individual, Partnership, Corporate and Pension Income Tax Preparation & Planning and Preparation of Audited, Reviewed and Compiled Financial Statements. Tom has a BS in Business - Accountancy Degree from Eastern Illinois University. He has been a Certified Public Accountant since 1987, a Certified Financial Planner since 1994, and has been accredited in Business Valuation since 2005. Tom is a member of the American Institute of CPAs, the Illinois CPA Society and the AICPA Business Valuation Section.
June is national safety month, and it never hurts to remind your clients and community that safety always comes first. Our goal with this blog is to help you augment your marketing initiatives with a few ideas around safety. While we can’t cover every industry in a single post, we hope that you find the tips below useful and that they spark some innovative new marketing ideas!
It’s graduation season, and for many parents that means it’s almost time to start shelling out for college tuition. For those well-prepared parents with established 529 plans in place, the time has come to tap into that money pool. Of course, when it comes to tax-advantaged savings, trust that the IRS is keeping close watch, so it’s important to avoid making any rookie mistakes. It’s also important to keep saving as you move forward.
Having a remote workforce can be challenging, especially if you are trying to build a positive, collaborative work environment. So, how do you create a sense of comradery when you have staff in remote locations? These tips can help: