Situation: An aerospace company with partial employee ownership used a national accounting firm for its ESOP audit. Solution: Conversely, our team ultimately delivered the audit at substantially lower fees, with local professionals available to provide on-site assistance when needed. Impact: The company reduced its audit costs and gained responsive service from a local team familiar […]
Situation: A contractor lacked sufficient internal resources to complete its internal audit plan. Solution: Our team led audits across 10 business units and identified an instance of fraudulent activity. Impact: Our findings enabled this client to identify the individual responsible and strengthen controls to reduce the risk of future fraud.
Situation: A business owner wanted to sell but had expectations that exceeded the company’s current value. Solution: Our team identified strategic and financial management recommendations aimed at improving profitability before the sale. Impact: The business’ value increased from $12 million to more than $26 million over two years.
Situation: A business owner preparing to sell faced a potentially significant bulk sales tax liability. Solution: Our team advised on the transaction structure to reduce the client’s tax exposure. Impact: The client’s tax liability from the sale was reduced by $1.8 million.
Situation: A contractor routinely claimed Section 179 deductions on equipment purchases to reduce taxable income but needed to consider how those deductions affected other available benefits. Solution: Tronconi Segarra & Associates evaluated the approach and helped the client take advantage of available New York investment and employment incentive tax credits. Impact: Our client achieved significant […]