Forensic Accounting
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| Our Quality Commitment
Services We Provide
- Forensic accountants are needed for:
- tax investigations
- civil litigation support
- investigating mergers and acquisitions
- economic crime investigations
- specialized audits
- damages calculations
Experience We Have
- Briggs & Veselka Co. has an extensive background in forensic accounting. Since the early 1980s, we have helped attorneys with more than 100 cases. We understand the complexity of performing forensic accounting and are committed to adhering to the highest quality standards.
Additional Information
- An exceptional forensic accountant must understand business information and financial reporting systems, auditing and accounting procedures, investigative techniques, evidence gathering and the litigation process.
For more information, please contact:
Mergers and Acquisitions
Our Quality Commitment
- Our commitment is to provide professional support in assisting clients make an effective transition into this complex and multifaceted arena.
Services We Provide
- Services provided by Briggs & Veselka Co. include:
- Tax and financial due diligence
- Restructuring of debt consulting
- Tax consulting
- Planning for tax-free organizations
- ESOP (employee stock option plan) consulting
Experience We Have
- The business market has created a need for mergers and acquisitions, which is an essential part of a healthy economy. With two certified mergers and acquisitions advisors and several years of experience with multiple transactions, Briggs & Veselka Co. is qualified to assist in many different arenas within this specialty.
- Briggs & Veselka Co. has provided assistance related to company structure as follows:
- Assistance and advice regarding implementation of nonqualified stock option plans
- Prepared and filed 83B elections
- Assisted in tax-free organizations
- Designed incentives to retain key employees
Additional Information
- Various ways to structure mergers and acquisitions:
- Asset purchases
- Stock purchases
- Tax-free exchanges
- Partially tax-free exchanges
- Employee leveraged buy-outs
- Tax-free spin offs
For more information, please contact:
Valuations
Our Quality Commitment
- Our commitment is to help transfer and preserve wealth for closely held businesses and their families. Our valuation services complement the traditional tax and consulting strategies that Briggs & Veselka Co. provides, to help minimize taxes and to coordinate the overall financial plan for our clients.
Services We Provide
- Valuation services provided by Briggs & Veselka Co. include:
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Tax-related services – Estate and gift tax appraisals, review of IRS valuations, appraisals of intangible assets and intellectual property, charitable donations of closely held securities, valuation of restricted stock, valuations for sales of stock to defective grantor LLCs, valuations of ESOPs for annual reporting, valuations for S-Corp Elections and analysis of minority interest, marketability, blockage and other discounts. |
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Shareholder Liquidity Services – valuations for sale of business or division, valuations for sales of stock to an ESOP, valuations for mergers and acquisitions, valuations for life insurance funding, valuations for minority shareholder stock repurchases and assistance in transaction negotiations. |
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Corporate Transaction Services – valuations of Section 409A Private Company Stock Option, strategic planning, assistance in merger negotiations, purchase price allocations and corporate or partnership recapitalizations, valuation of purchase or sale of business or division, dissenting minority shareholder issues and assistance with establishing buy/sell agreements. |
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Accounting/SEC Review – goodwill impairment and purchase price allocations-FASB 141 & 142. |
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Experience We Have
- Our firm, in addition to its multidisciplinary consulting, economic analysis, and appraisal experience, also has extensive experience in a variety of industries. Our professionals have worked not only as consultants but also within the management/technical ranks of financial service firms, construction firms, mass market retailers, oil and gas companies, manufacturers, professional firms and publishers.
- As consultants and valuation professionals, we have worked in a great variety of industries. Our professionals are experienced in industries such as:
- Construction
- Family limited partnerships
- Manufacturing
- Medical/Healthcare
- Professional services
- Oil and gas services
- Retail
- Wholesale trade/Distribution
- Not every valuation is the same. Services can range from a full opinion for an IRS issue to as little as consulting services that will help you work through issues surrounding the valuations of closely held businesses. We tailor our work product and services to meet your needs through three different levels of service.
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Opinion of Value – similar to an audit-level service in accounting – end result is a 50-70 page report and the level of comfort is our highest that we can provide. The conclusion of value we arrive at will be a single number. This level of service would be typical in cases where the valuation may need to be supported and defended against the IRS or other instances that may involve litigation. |
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Estimate of Value – similar to a review-level service in accounting – end result is a 12-15 page report. The report will state that we had scope limitations in our work and we did not address all the issues we normally do in an Opinion report. The conclusion of value we arrive at could be a single number, or a range of values. We use many of the same techniques as an opinion of value, but do not do as much work to support and document our assumptions. |
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Calculation of Value – a consulting engagement that is similar to a compilation-level service in accounting, but with little more input/judgment on our part – end result is an oral report or written memo describing what we did and the attachments supporting the calculations of value that we performed. We base most of our work on historical and projected financial statements that you provide to us. Our fees vary depending on the scope of work needed. |
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For more information, please contact:
Mark Schaaf, CPA, CVA
Shareholder/Director of Business Valuation Services
mschaaf@bvccpa.com
Our Quality Commitment
- Our commitment is to develop a plan or strategy by working with the senior ownership of closely held companies to meet their goals and objectives regarding succession planning.
Services We Provide
- Briggs & Veselka Co. can help you get results that
include, but are not limited to:
- Communicating the process and team approach
- Identifying the issues involved, especially concerning
family members
- Setting agendas for meetings with participating
members
- Facilitating the meetings, including moderating
sensitive issues
- Setting the goals, gathering and analyzing data, and
making recommendations
Experience We Have
- Briggs & Veselka Co. has been successfully performing succession planning for over 25 years. We have senior professionals that have worked with business owners and their advisory team to plan and implement successful succession planning.
Additional Information
- There are basically three ways a company uses succession planning:
- The owner decides to pass the company on to a family
member
- The owner decides to have a current employee/employee group take over
- The owner decides to sell the company
Within each of these, there is a different process that must be taken to have a successful transition.
For more information, please contact |
Employee Benefit Plan Audit
Our Quality Commitment
- We are committed to providing the fiduciaries of an employee benefit plan the assurance that they will have selected a quality auditor to help them protect the assets and the financial integrity of their plan and to help ensure that the necessary funds will be available to pay promised benefits to their employees.
- We offer ERISA audit services for the following:
- 401(k) plans
- Profit Sharing plans
- Defined Benefit Pension plans
- Employee Stock Option plans (ESOPs)
- Health and Welfare plans
Experience We Have
- Our dedicated engagement team has an average of 10 years’ experience in auditing employee benefit plans. We plan and execute our audits in a way that maximizes audit efficiency and quality, and we offer your plan administrator and human resources personnel confidence in their plan reporting and management.
- We understand the complexity of performing employee benefit plan audits and are committed to adhering to the highest quality standards by voluntarily agreeing to the American Institute of CPAs Employee Benefit Plan Audit Quality Center’s membership requirements.
Additional Information
- At Briggs & Veselka Co., we have developed relationships with a number of important associations and organizations to help in the development and delivery of our employee benefit plan audit service.
- For more information about audit quality, visit the employee Benefit Plan Audit Quality Center at www.aicpa.org/EBPAQC
Estate and Trust Administration
- Our commitment is to support the attorney, assist in the transferring of assets, and aid in the operation and compliance of estates and trusts.
Services We Provide
- Services we offer include:
- Assist attorneys in overall design of client estate plan
- Assist after entities are in place
- Set up accounts
- Maintain records
- Accounting allocations for entities
- Operate the entity in compliance with IRS rules and regulations
- Prepare income, estate, and gift tax returns
- Consult with clients to ensure all their questions are answered
- Monitor the client’s progress
Experience We Have
- The firm has over 30 years of experience in working with family members who have a fiduciary role as trustee of a trust or a general partner of a partnership.
- We also work with many corporate trustees, attorneys, and financial advisors who specialize in estate and trust matters and whose resources we can draw from.
- Our estate and trust professionals participate as editorial advisors for top tax magazines, speak at state and national conferences, author books and numerous articles on estate and trust tax topics, and are officers in numerous professional associations including the AICPA, TSCPA, and the Houston Business and Estate Planning Council.
Additional Information
- There are three key areas of a fiduciary: trusts, estates and partnerships.
- We can provide fiduciaries with proper help and counseling to help better serve the beneficiaries and the decedent. Acting as a fiduciary can be one of the most important functions for the family or business.
- We offer materials on how to be a fiduciary, how to get started on an estate plan and the do’s and don’ts of estate planning.
For more information, please contact:
Steve Awalt, CPA
Tax Partner
sawalt@bvccpa.com
Carol Cantrell, CPA, JD, CFP®
Tax Partner
ccantrell@bvccpa.com
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Business Planning and Advisory Services
Our Quality Commitment
- Our commitment is to provide our clients with strategic business advice while better preparing them to capture opportunities and weather financial changes.
Services We Provide
- Some of the services offered include:
- Projecting, forecasting and budgeting for businesses
- Managing cash flow
- Expansion and growth, acquisitions, start-ups or financing needs
- With financial projections or forecasted financial statements, we provide the ability to benchmark your business with other companies in your industry plus track progress against critical results.
Experience We Have
- Whether it is addressing the funding of your latest acquisition or benchmarking financial operations, we have the experience, expertise and personnel to help accomplish your goals.
For more information, please contact
Charles Weller, CPA
Tax Partner
cweller@bvccpa.com
Andy Kuntz, CPA
Audit Principal
akuntz@bvccpa.com
Tara Fredricks, CPA
Audit Manager
tfredricks@bvccpa.com
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