Catalano, Caboor & Co. frequently provides services beyond traditional accounting, auditing and tax responsibilities nationwide.
Business Valuation Services
Have you ever wondered, “What is it all worth?”, then you need business valuation services.
Business Valuations are used for many purposes:
- Estate and Gift Taxes
- Succession Planning
- Buy/Sell Agreements
- Mergers and Acquisitions
- Due Diligence
- Purchase or sale of ownership interest
- Goodwill Impairment Testing
- Business Plans
- Stock Option Plans
- Employee Stock Ownership Plans
- Valuation of Intangible Assets
Business Valuation Approaches
Business Valuation Professionals consider three different valuation approaches:
The asset business valuation approach is based on the principle of substitution that a prudent buyer will not pay more for a property than the cost of acquiring a substitute property of equivalent utility. All assets and liabilities are adjusted to reflect the business as a going concern entity or the company in liquidation, depending on the premise of value appropriate for the valuation.
The market business valuation approach is also based on the principle of substitution. The business valuation professional identifies business entities that have transacted as a way to compare the subject business. Sold businesses in comparison to the subject is a way to calculate value of an equally desirable company from an ownership or investment standpoint. The methods most commonly used for the market approach are the Guideline Public Company Method, Guideline Company Transaction Method, Multiple of Discretionary Earnings Method, and Gross Revenue Multiple Method.
The income business valuation approach is based on the idea of valuing the present value of future benefits. This approach estimates business value by considering the future income accruing over a period of time. The methods most commonly used in business valuation professionals include the Capitalization of Earning Method and the Discounted Cash Flow Method.
It is the business valuation professional’s responsibility to select the method that most accurately represents the current value of the subject company.
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 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.
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
- Certified business valuations
- Buying/selling a business
- Computer systems
- Financial & retirement decisions
- Estate, trust & gift planning
Properly structured financial plans enable you to address financial needs at each stage of life. We review your financial goals, measure risks, and develop strategies to help you understand how to achieve your goals and strengthen financial security.
Personal Wealth Planning. Our professionals will design a plan to begin wealth planning or review and recommend ideas to enhance already established plans.
Company Benefit Plan Options. We will review the qualified employee benefits to help evaluate the type of plan that best serves your retirement and lifestyle coverage needs.
College Planning. Analyzing the different options to pre-pay or manage current tuition needs
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.
Buying & Selling a Business
Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.
Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
Fraud Prevention & Detection
We use accounting and auditing skills to provide an analysis of financial records in conjunction with fraud and theft investigation. Our damage measurement methods can determine the extent of financial loss and illegal accounting practices.
As you develop your investment strategy, we will act as your sounding board. We can help you and your investment advisor build an investment portfolio that takes into consideration the impact of taxes and produces a favorable after-tax return.
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.
Pension & Profit Sharing Plans
Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs...) can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.
Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.