Wilson Toellner CPA: More Than Just Accounting
Most people know that our CPA firm in Mid-Missouri specializes in accounting and tax preparation. That's pretty clear, but what some people may not realize is that we are so much more than that. In this week's blog, our accounting firm in Central Missouri is here to give you an overview of the other services we provide, OUTSIDE of accounting. If by the end of this blog, you realize you may need assistance with one of these services you may not have realized we offer, please do not hesitate to give our Central MO CPA firm a call today. We have four locations throughout Mid-Missouri, two offices are located at the Lake of the Ozarks, one is located in Marshall, MO and the other is located in Sedalia, MO. All of our phone numbers and office addresses can be found on our website at www.WTCPA.com.
We also offer:
Business Consulting
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, and we increase the capabilities of your business by adding the varied skillsets of our team.
Decision Support
We encourage and expect our clients to notify us when they’re faced with large decisions, while there is still time for us to impact the outcome. Whether we help mold raw data into usable information to draw conclusions or assist with specific analysis, our team can provide you with answers to the most important questions you face.
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.
Retirement & Financial Planning
Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years. A properly structured financial plan enables you to face any financial challenge that may present itself, at any stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security. We will work in synergy with your other trusted advisors to ensure that goals are communicated and shared among all the members of your financial team.
Business Valuation
Many business owners believe the value of their business is net profit, or gross sales, multiplied by an industry rule of thumb. This is simply not the case. In fact, the application of an industry rule of thumb formula often results in a value determination that differs greatly from the actual value that could be determined by a CVA.
Wilson Toellner CPA: More Than Just Accounting
We also offer:
Business Consulting
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, and we increase the capabilities of your business by adding the varied skillsets of our team.
Decision Support
We encourage and expect our clients to notify us when they’re faced with large decisions, while there is still time for us to impact the outcome. Whether we help mold raw data into usable information to draw conclusions or assist with specific analysis, our team can provide you with answers to the most important questions you face.
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.
Retirement & Financial Planning
Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years. A properly structured financial plan enables you to face any financial challenge that may present itself, at any stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security. We will work in synergy with your other trusted advisors to ensure that goals are communicated and shared among all the members of your financial team.
Business Valuation
Many business owners believe the value of their business is net profit, or gross sales, multiplied by an industry rule of thumb. This is simply not the case. In fact, the application of an industry rule of thumb formula often results in a value determination that differs greatly from the actual value that could be determined by a CVA.
- Accurate Value Determination - The result of an inaccurate value determination, regardless of whether it is high or low, generally leads to undesirable consequences. For instance, if the value is too high, estate taxes will be too high; savvy investors or prospective buyers will usually disregard a value that appears too high. If the value is too low, you can be sure savvy investors or prospective buyers will recognize it and take advantage. Likewise, if you are on the other side of the dispute in a dissenting shareholder action or divorce, you certainly want to know you are receiving an accurate value for your interest.
- Careful Analysis - Determining the true value of a business enterprise requires a careful analysis of two primary components that make up value: tangible assets such as real estate, machinery, and furniture used by the business; and various intangible assets such as business or personal goodwill. Intangible assets might also include customer lists, trademarks, copyrights, distribution rights, a superior management team, non-compete agreements, physical location, special processes, and name recognition.
- Understanding the Business - To properly value a business enterprise, the CVA must acquire a thorough understanding of every aspect of a company’s dynamics, including: management capabilities, company strengths, weaknesses and vulnerabilities, the competitive environment, overall expectations for the marketplace, and future economic prospects for the industry and the economy in the region and as a whole. All of these elements affect the risk of ownership in a particular enterprise, and risk directly impacts value. Additionally, the valuator must analyze the inherent financial health of the enterprise and its future profit potential.
- Sorting Through a Complex Process - After a thorough analysis of all the company’s dynamics and its financial health, the CVA must select the most appropriate methodology from among the many accepted by the valuation industry, and apply a series of calculations and formulas to arrive at the ultimate conclusion of value. Overall, the process is highly complex and requires a significant amount of time. Indeed, this is what is required to determine the true economic value of a privately owned business enterprise, and this is what a CVA brings to your table.
Our Success Stems From Your Success
For tax preparation services you can count on, call:
Sedalia -- (660) 827-4990
Marshall -- (660) 886-6815
Camdenton -- (573) 346-6822
Lake Ozark -- (573) 964-5739
Check out our website: www.WTCPA.com
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