Professional Services

Situation: A professional services firm generated significant income across multiple states and needed a coordinated approach to its state and federal tax obligations.

Solution: Tronconi Segarra & Associates evaluated applicable state Pass-Through Entity Tax programs and made elections that allowed eligible state income taxes to be deducted on the firm’s federal business tax return.

Impact: We achieved significant annual tax savings for this client through a tax strategy that accounted for its multistate operations.

Situation: A service company with $45 million in annual revenue was preparing to sell to a private equity buyer and needed experienced guidance throughout the transaction.

Solution: Our team provided M&A advisory services and assisted with negotiations, helping the client evaluate the terms and financial implications of the proposed sale.

Impact: Our negotiation support helped increase the purchase price from $40 million to $69 million.

Situation: A newly formed professional services firm needed regularly updated financial projections to share with prospective investors during an equity raise.

Solution: Our team developed an automated financial model that allowed the firm to update its three-year projections monthly as new information became available.

Impact: Our model saved up to two staff workdays each month during the fundraising process, reducing the time required to prepare updated information for investors.

Situation: A home services company was considering an acquisition and needed a clearer understanding of the target business’s financial performance and potential liabilities.

Solution: During a quality of earnings analysis, our team identified employment practices involving undocumented workers, potential payroll tax liabilities, and other compliance concerns.

Impact: The findings informed the client’s decision not to proceed, helping it avoid the identified financial exposure and potential reputational harm.

Situation: A professional services company needed help correcting past problems with its 401(k) plan and improving ongoing administration.

Solution: Our retirement plan professionals helped address the outstanding matters and implement improved processes designed to prevent similar issues.

Impact: The company corrected past administrative problems and gained access to responsive guidance as new questions arose, helping management handle its plan responsibilities with greater confidence.

Situation: A professional services company  established an employee stock ownership plan and needed guidance on the related accounting requirements.

Solution: Our team advised their management on accounting for the ESOP’s formation and subsequent activity, drawing on our experience with other employee-owned businesses.

Impact: Management gained reliable technical guidance during the transition and invited our team to attend board meetings in an ongoing advisory role.