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.
Business Succession Planning
At some point you will be ready to pass your business to the next generation, sell, or transition to key employees. 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.
The professionals at Kernutt Stokes can provide you with a personalized plan that will meet your specific objectives. 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. As an unbiased outside advisor, we can assist you in evaluating alternative solutions and creating a succession plan that is appropriate for your unique situation.
By tackling succession planning today, you can control the difficulties in transition that might delay or even preclude an orderly transition. We have a wealth of experience helping clients pass their businesses intact onto their chosen successors.
Whether you are thinking of buying a new business or in the midst of a difficult divorce, the amount attached to the value of your business is important. We can provide useful and objective analysis to assist you in the valuation of any business in which you have an interest.
Cash Flow Budgeting Analysis
A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company’s financial condition, estimate financing requirements, and track cash-flow sources and uses.
Employee Benefit Plans
The accounting and tax issues involved with employer-provided benefit plans can be overwhelming. We can assist with the development, implementation and administration of your employee benefit plan.
Mergers and Acquisitions
Finding the right business partner for your company can be a difficult task. We can assist you in the merger or acquisition process by assessing such critical elements as tax considerations; product/service compatibility; competitive tactics and position; financial impact; and cash flow considerations.
Research & Development Studies
Many taxpayers continue to regard Research & Development (R&D) as an activity associated solely with high-tech, biotech and pharmaceutical-type companies. However, under new federal tax regulations, a company may qualify for the R&D credit for numerous activities that historically have been regarded as “simply doing my job.”
If your company is involved in any of the following activities, you may be able to claim the R&D tax credit: manufacturing products, developing new processes or formulas, improving production processes, developing or upgrading software, designing tools, improving manufacturing facilities, performing certification testing, automating processes, completing environmental testing, or developing new technology. In addition, many taxpayers miss out on qualified R&D expenditures in areas such as engineering, quality assurances, marketing, purchasing, manufacturing and information technology. Taking advantage of the R&D tax credit can mean significant benefits for the mid-market business.