Arnett & Foster PLLC
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Today’s certified public accountant must maintain a high degree of knowledge and professional skills because of increasing Federal regulations, confusing accounting standards, and complex financing and business arrangements. At Arnett & Foster, P.L.L.C., we accept this challenge by having a professional staff that can provide specialized expertise to a diverse assortment of industries, businesses, professions, governmental entities, and not-for-profit organizations.

We are West Virginia’s largest accounting and consulting firm, partly because of our commitment to go even beyond the challenge of providing the best professional services you can find anywhere. We work to become an integral part of your organization. We strive for your best interest. We emphasize a total understanding of your operations, your personnel, and your environment. We work for you.

(Click Service Title For Details)

  • Computer Consulting Services
  • Manufacturing
  • Critical Access Hospital Services
  • Not-For-Profit Organizations
  • Financial Services
  • Financial Planning
  • Software Products
  • Law Firm
  • Accounting, Auditing and Assurance
  • Healthcare
  • Litigation Support
  • Tax Services
  • Consulting Services
  • Business Valuations

    Computer Consulting Services
    Businesses seeking a competitive edge often look to computers as a means of improving efficiency and productivity. Until recently, however, high costs have prohibited most businesses from obtaining state-of-the-art computer technology. But with an increasing supply of new, more powerful and less expensive hardware and software packages, data processing systems are becoming affordable to almost any business.

    Nevertheless, installing new systems and upgrading existing systems are complex tasks that, if not handled properly, can be very costly. The professionals at Arnett & Foster, P.L.L.C., understand the problems associated with data processing systems and can offer valuable assistance on choosing and implementing the right system for you.

    Arnett & Foster, P.L.L.C.’s Computer Consulting Services assists firms in analyzing available computers and application programs. This ensures the installation of efficient, cost-effective, and productive systems. In addition, Arnett & Foster, P.L.L.C., provides special consultation services in comprehensive systems planning, financial modeling, and system design.

    • System Selection and Implementation
    • Requirements analysis
    • Vendor building and proposal evaluation
    • Systems implementation
    • Microcomputer management
    • Design of local area networks
    • Office automation
    • Media conversions
    • Software support services
    • Ongoing systems monitoring and evaluation
    • Accounting software installation, training, implementation and software support services
    • Long-range and strategic EDP planning
    • EDP systems audits
    • Custom programming
    • Data center and EDP disaster planning
    • Financial feasibility studies
    • Systems planning and design

    For more information about Arnett & Foster, P.L.L.C.’s computer consulting services, please contact:

    Christopher E. Joseph, CPA, CISA
    Member-in-Charge
    Computer Consulting Services

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    Manufacturing
    To further expand our services to the manufacturing sector, we have developed a manufacturing services group which includes four of the ten Members (Owners) in our firm. Our services to the manufacturing industry include but are not limited to:

    • Accounting & Auditing
    • Business and Strategic Planning
    • Human Resources Management
    • Federal & State Income Tax Planning &
    • Compliance
    • Financing Assistance/Management
    • Information Technology
    • Operations Consulting

    Increasing your profits is the bottom line and whether your business is a nursing home, law firm or a manufacturing facility, Arnett & Foster, P.L.L.C. has the experienced team you need.

    If you would like detailed information regarding our manufacturing services, please contact:

    John W. Kee, CPA

    If you, or someone you know, would like to receive our Manufacturing newsletter, Perspectives, contact Melissa Beane

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    Critical Access Hospital Services
    Arnett & Foster, P.L.L.C. has unsurpassed experience working with Critical Access Hospitals. We were a leader in the Medicare pilot program for Rural Primary Care Hospitals and have continued our leadership in providing consulting services to Critical Access Hospitals. We understand the important issues that must be addressed by Hospitals considering Critical Access Hospital designation as we have significant experience working with these issues. Our experience and understanding of these important issues will help ensure hospital management is provided the information they need to make educated decisions.

    Our healthcare professionals have worked with various state and federal agencies on Critical Access Hospital issues relating to regulations, policies, operations, designation, and reimbursement. These agencies include Offices of Health Facilities Licensure and Certification, Medicare Intermediaries, Offices of Community and Rural Health Services, and Hospital Associations. References are available upon request.

    Arnett & Foster, P.L.L.C. offers a free initial consultation to Hospitals considering designation as a Critical Access Hospital. We will use information from your Medicare cost report and PS&R to determine if Critical Access Hospital designation might provide a financial benefit to your facility. We will discuss the results of our analysis with hospital management and review the various options for proceeding with Critical Access designation. This is a limited scope of services that does not provide the basis for designation as a Critical Access Hospital without further financial analysis and needs assessments. Many states offer grant opportunities to prospective facilities for the technical assistance involved with analyzing the feasibility of Critical Access designation. For your free consultation please contact Keith Hutcheson, CPA by email or call 800-642-3601.

    We have assembled and listed below, what we believe to be the most comprehensive list of Critical Access Hospital links available on the Internet.

    Critical Access Hospital Links

    AHA Critical Access Hospitals Web Page
    The most comprehensive site available. Check it out.

    Nebraska Hospital Association Critical Access Hospital Web Page
    WOW!... Checklists, sample press releases, and sample agreements. Check it out.

    Minesota Department of Health CAH Information
    Good! Lots of information.

    Catalog of Federal Domestic Assistance
    93.241: State Rural Hospital Flexibility Program. A good link with general information about the program.

    National Organization of State Offices of Rural Health
    A good summary of hoe BBA-RA impacts rural hospitals. This site provides do-it yourself worksheets if you want to take a crack at CAH analysis on your own. Also provides health plans for Maine and Oregon.

    Critical Access Hospital Bibliography
    A complete listing on the National Rural Health Resource Center Website that lists articles about Critical Access Hospitals

    CAH Resource Library
    The original Montana MAF/CAH website. A little outdated but still has some good information.

    NC Rural Health Research and Policy Analysis
    These folks can produce some paper. The information here is fantastic. Go here and learn something about rural health and critical access hospitals. Must see publications:

    Rural Provider Provisions of the BBA-RA
    Good summary of the rural provisions of the Balanced Budget Refinement Act of 1999. HCFA web site.

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    Not-For-Profit Organizations
    Our qualifications go beyond traditional audit and accounting services to encompass a wide range of planning, data processing and operations advisory services. The collective experience of our members and staff who work with our not-for-profit clients provides the foundation for these services to the not-for-profit sector.

    We've added a link to our "Guide to Services for Not-for-Profit Organizations" that can be found at the bottom of this page. This guide is an overview of various services offered to not-for-profit organizations by our firm.

    These services are grouped into the following categories:

    • Accounting and Financial Services
    • Audit Services
    • Operations Improvement Services
    • Management Information Systems Consulting
    • Tax Services
    • Human Resources
    • Tax Assistance - Arbitrage Analysis

    We sincerely hope you find the information in this publication both interesting and informative. If you would like detailed information regarding our not-for-profit services, please contact:

    John W. Kee, CPA

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    Financial Services
    Financial institutions have experienced more changes in less than a decade than in the entire century. As banking and financial services industry continues to change and become more complex, you, the decision-maker in this industry, need to develop or obtain new methods to enable your financial institution to stay ahead or even to survive in today’s highly competitive marketplace. Keeping pace with and anticipating changes require access to the most professional and responsive consulting, accounting, auditing, and tax services available. The Financial Institutions Services Group at Arnett & Foster, P.L.L.C., can provide you with the necessary professional assistance to meet today’s increasingly competitive challenges.

    Experienced, Innovative Professional Service Team
    Our professionals have a detailed understanding of the financial institutions industry, its operations and complex regulatory requirements, as well as its products and services. This understanding enables Arnett & Foster, P.L.L.C., to provide your organization with accounting, auditing, financial reporting, and tax and consulting services that are responsive to your needs and expectations. So that you can make sound decisions and develop that competitive edge, Arnett & Foster, P.L.L.C., can effectively and efficiently provide your financial institution with the information you want.

    Specialized Consulting Services
    As experienced professionals, we offer assistance in the following areas:

    • Asset/liability management and budgeting systems development
    • Development of strategic plans
    • Operational and functional policies and procedures development
    • Profit enhancement studies
    • Regulatory compliance assistance
    • Ongoing loan review services
    • Implementation of beneficial tax strategies
    • Industry specific seminars

    Merger Consultation
    The professionals in our Financial Institutions Group have been involved in various aspects of the bank merger and acquisition process, including identifying and evaluating potential merger and acquisition targets, assisting in modeling and projections for determination of fair value, assisting with the requisite regulatory filings with the SEC and bank regulatory agencies, and providing other technical advisory assistance.

    Tax Consulting
    Our bank tax professionals are familiar with newly enacted Federal and state tax legislation that has a direct impact on financial institutions. Our professionals are prepared to ease your tax-planning efforts through preparation of tax estimates, and to keep you informed of new developments and the effect they will have on your financial institution.

    Internal and Compliance Auditing
    The professionals in our Financial Institutions Services Group have developed internal audit procedures and will perform those procedures, based on a mutually agreed-upon schedule designed for your institution. In addition, those procedures can be expanded to permit specialized auditing for compliance with consumer protection regulations and legislation.

    Alternative Training of Bank’s Internal Auditors
    As an alternative, we are prepared to train your internal auditors and help you develop procedures and controls that minimize the need for outside assistance. This is just one of the many ways we can save you money.

    Automation Assistance
    Our systems consultants are knowledgeable of the management information system needs unique to the financial services industry. Our experience and capabilities in this area range from development and implementation of asset/liability management information systems and budget program development to selection and implementation of hardware and software most compatible with your operating environment.

    Our Philosophy
    Committed to serving you proactively, we make a concerted effort to be more than a "number cruncher" or a "bean counter". We anticipate your needs and concerns so that we provide the services you need, when you need them.

    For more information about our Financial Institutions Group please feel free to contact:

    Jack Rossi, CPA
    Member-in-Charge
    Financial Institutions Services Group

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    Financial Planning
    A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.

    A&F Financial Advisors, LLC is a founding member of Leave a Legacy® West Virginia. The mission of Leave a Legacy® West Virginia is to educate and inspire people from all walks of life to make gifts to their favorite charities through their wills.

    For additional information, please contact the following Arnett & Foster, P.L.L.C., representatives:

    Gary Swingle,CPA
    Bill McKee,CPA/PFS, CFP

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    Software Products
    When considering the purchase of accounting and other software, businesses seek a software program that provides accurate and timely information. The ultimate goal is to ensure that the software becomes a management tool in the operations of the business. In addition, as the company grows the software should grow. Also, at Arnett & Foster, P.L.L.C., we recognize and are committed to this goal and can provide software products to satisfy this objective.

    We have satisfied these objectives through reselling products of industry leaders and internally developed software when necessary. Arnett & Foster, P.L.L.C., is an authorized reseller of MAS 90 Accounting Software, written by Sage Software, Inc. MAS 90 Accounting Software can satisfy the needs of businesses in several industries. In addition, Sage Software, Inc. has developed applications to satisfy the needs of various vertical markets.

    Arnett & Foster, P.L.L.C., has developed Medicaid Cost Report software for West Virginia and Maryland nursing homes. Using this software allows nursing homes to automate the cost report preparation process. In addition, the cost report software for West Virginia provides nursing homes the capability to electronically submit the cost report.

    For additional information, please contact the following Arnett & Foster, P.L.L.C., representatives:

    Lane Ellis, Jr., CPA, CISA, CVA
    Christopher Joseph, CPA, CISA

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    Law Firm
    Arnett & Foster, P.L.L.C., Law Firm Services and Consulting Group is comprised of dedicated professional and technical support staff with the mission to provide law firms with a wide range of accounting, management, operations, financial, computer and litigation support services. Arnett & Foster, P.L.L.C. Members, Gary Swingle, CPA, Lane Ellis, Jr., CPA, CISA, CVA and Chris Joseph, CPA, CISA, have worked for and with law firms for many years, developing a keen appreciation of and sensitivity to today’s ever-changing business environment and its impact on the Group’s law firm clients. Our goal in the Law Firm Services and Consulting Group is to provide you, our client, with responsive, reasonably priced, top-quality work, surpassing the quality of work available from national consulting firms. Moreover, our Group pledges to be available when you need us.

    Our Law Firm Services and Consulting Group offers professional and relevant assistance in four distinct areas: Accounting, Bookkeeping and Tax Preparation Services; Management, Financial and Operations Consulting; Computer Services; and Litigation Support Services.

    • Accounting, Bookkeeping, and Tax Preparation Services
    • Provide accounting and tax issue resolution for unique problems encountered by law firms
    • Provide a full range of support for routine accounting issues and functions
    • Offer monthly bookkeeping services, as well as preparation of monthly financial statements
    • Prepare or assist in the preparation of quarterly tax returns, year-end entity tax returns, and individual shareholder or partner tax returns
    • Prepare operating budgets and acquisition of capital assets or advise on preparations and acquisitions
    • Maintain detailed depreciation schedules
    • Assist in maintaining and preparing valuations for your work in progress and accounts receivable inventories
    • Assist in creating and maintaining cash and accrual capital accounts and the conversion of cash to accrual capital accounts or vice versa when appropriate
    • Assist in implementing and resolving partner payout issues
    • Help to establish accounting procedures for client trust accounts and audit those accounts
    • Prepare compiled, reviewed, and audited year-end financial statements that may be required by your financial institutions.

    For additional information or assistance, contact:

    Lane Ellis, Jr., CPA, CISA, CVA

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    Accounting, Auditing and Assurance
    Today’s certified public accountant must maintain a high degree of knowledge and professional skills because of increasing Federal regulations, confusing accounting standards, and complex financing and business arrangements. At Arnett & Foster, P.L.L.C., we accept this challenge by having a professional staff that can provide specialized expertise to a diverse assortment of industries, businesses, professions, governmental entities, and not-for-profit organizations.

    We are West Virginia’s largest accounting and consulting firm, partly because of our commitment to go even beyond the challenge of providing the best professional services you can find anywhere. We work to become an integral part of your organization. We strive for your best interest. We emphasize a total understanding of your operations, your personnel, and your environment. We work for you.

    The variety of services we offer include, but are not limited to, the following:

    • Financial statement audits
    • Prospective financial statements (forecasts and projections)
    • Compilation and review of financial statements
    • Internal auditing services
    • Financial and compliance audits under OMB Circular A-133 and 1996 Single Audit Act
    • Investigative accounting and auditing services
    • Special reports on attestations about management’s assertions
    • Special examinations to comply with regulatory and/or bonding company requirements
    • Merger and acquisition audits
    • Litigation support services Accounting services (per diem labor)

    Quality of Services
    We are members of the American Institute of Certified Public Accountants (AICPA), SEC Division of CPA Firms. We have an extensive quality control system that, through the years, has successfully undergone AICPA scrutiny. You, then, can be assured of quality services from Arnett & Foster, P.L.L.C.

    For more information about our accounting and auditing services, contact the following:

    John W. Kee, CPA, Member-in-Charge
    Accounting and Auditing Department

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    Healthcare
    Operating in today’s health care environment requires access to sound business advice. Our health care professionals are positioned to meet those needs. Arnett & Foster, P.L.L.C., serves a wide variety of health care providers by performing financial audits, third-party reimbursement services, regulatory services, tax services, and business and management consulting.

    Health Care Providers Served
    Arnett & Foster, P.L.L.C., serves a wide variety of health care providers, including large urban hospitals, small rural hospitals, nursing homes, continuing care retirement centers, behavioral health centers, home health agencies, large medical clinics, individual physicians, groups of physicians, and state and local governmental agencies.

    Third-Party Reimbursement Services
    Our third-party reimbursement services include Medicare and Medicaid cost report preparation, cost report reviews, cost report reopening and appeals, Medicare Part B billing analysis for long-term care, routine cost limit exception payment request preparation, and review of distinct part unit options for long-term care providers. We at Arnett & Foster, P.L.L.C., have developed specialized skills in areas such as disproportionate share payments, medical education, sole community provider elections, rural health clinic development, and more.

    Financial Audits
    Our audits are designed to be more cost-efficient. We have developed audit approaches that allow us to render an audit opinion and also to provide valuable suggestions regarding your operations. Our professionals have experience and understand the health care system; therefore, we provide much more than an audit opinion.

    Regulatory Compliance
    We have dedicated professionals who are continuously involved in Certificate of Need preparation, public hearing assistance, and preparation of regulatory filings. Examples of these services include assistance in the planning and development of psychiatric and substance abuse facilities, purchase of long-term care facilities, development of ambulatory care centers, conversion of beds, rate application preparation, and appeal in rate determination cases.

    Tax Services
    Our tax professionals at Arnett & Foster, P.L.L.C., have extensive experience with not-for-profit and for-profit health care providers. Proprietary providers receive our services that minimize tax liabilities by developing strategies and monitoring tax law changes. Not-for-profit providers receive services dealing with many issues, including unrelated business income, private inurement, payroll tax issues, and maintaining the tax exempt status.

    General Consulting
    Knowing how to improve the bottom line is the "bottom line". We have developed a comprehensive menu of services to help you do just that. These services include managed care contract analysis, strategic pricing, community needs analysis, market studies, acquisitions and mergers, staffing analysis, and wide operational reviews.

    Regardless of your size, our comprehensive range of services has something to offer your organization. We tailor our services to meet your needs. Our goal is to provide the finest services available, in a timely manner, in accordance with the high standards of our profession.

    For more information about our Health Care Services, contact:

    Charleston office
    Greg Gibbs, CPA
    Member in Charge
    Healthcare Department

    Keith Hutcheson, CPA

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    Litigation Support
    Litigation, whether it involves insurance claims, business interruptions or breaches of contract, often requires the documentation of financial losses and review of accounting procedures. With substantial experience consulting for both plaintiffs and defendants in litigation, Arnett & Foster, P.L.L.C., provides expert advice and/or testimony to attorneys on matters relevant to the financial concerns of a case.

    Our Litigation Support Group can provide analysis, construction and reconstruction of financial and other business records for trial preparation purposes. We can analyze lost income situations and prepare appropriate determination reports. Our Group is adept in the preparation of damage determinations for contract, tort and other civil actions.

    Arnett & Foster, P.L.L.C. can advise attorneys during different phases of litigation. The attorney's needs are assessed and requirements established during an initial, confidential consultation. Our Litigation Support Group then goes to work for you. We have the experienced professionals to perform the following litigation support services.

    • Establish facts and analyze available data to assess the strengths and weaknesses of the case
    • Select and obtain necessary information through production motions and interrogatories
    • Perform computations and differential cost analyses to estimate financial consequences of events such as claims, losses, interruptions
    • Consult on document productions, including the review of the documents for support and the documents requested by the opposition
    • Participate in depositions and reviewing all depositions, briefs and statements relevant to financial matters
    • Advise on the selection, examination, and cross-examination of witnesses testifying on financial matters

    For additional information or assistance from our Law Firm Services and Consulting Group, contact:

    Gary Swingle, CPA
    Lane Ellis, Jr., CPA, CISA, CVA

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    Tax Services
    Our professionals at Arnett & Foster, P.L.L.C., offer a wide variety of tax related services for corporations, businesses, families, and individuals. Following are brief descriptions of several services we provide.

    Corporate Tax Planning
    Since taxes can be a major corporation "expense", our corporate tax planning services involve the development of a strategy designed to reduce the corporation’s tax burden.

    Personal Tax and Estate Planning
    Personal tax and estate planning is designed to increase your wealth, minimize your income taxes, increase your cash flow, prepare for business continuity, and ensure a secure retirement. We, therefore, focus on the following areas to develop comprehensive financial plans.

    • Income tax planning
    • Investment analysis
    • Insurance analysis
    • Educational funding
    • Business planning
    • Retirement planning
    • Estate planning

    Planning for Mergers, Acquisitions, and Liquidations
    Whether buying, selling, or liquidating business, you will receive help to minimize risk and maximize achievement. Without exception, our professionals have a wide range of knowledge and experience in the economic, tax, and accounting issues necessary for successful mergers and acquisitions.

    Cost Segregation Studies
    An often-overlooked tax-savings opportunity is accelerated depreciation of costs associated with the construction, renovation or purchase of a new building or real estate.

    By identifying assets that qualify for shorter depreciable lives, you are able to accelerate tax depreciation and lower your current income tax. Our team of dedicated cost segregation consultants can help ensure you maximize your investment

    Evaluation of Pension, Profit-Sharing and Deferred Compensation Plans
    We at Arnett & Foster, P.L.L.C., can assist you in evaluating pension, profit-sharing, and deferred compensation plans to meet the needs of your business. Our staff is committed to reducing your costs in providing employee benefits while, at the same time, developing benefit programs that can help to motivate and retain valuable personnel.

    Tax Return Preparation and Compliance Functions
    Because tax rules and regulations are continually changing, businesses and individuals find it virtually impossible to plan effective and comprehensive tax strategies. Because we professionals at Arnett & Foster, P.L.L.C., stay abreast of the newest tax laws, we prepare tax returns that legally minimize your tax liabilities.

    Representation Before the Internal Revenue Service and Other Agencies
    Although our tax planning is designed to forestall disputes with the Internal Revenue Service and other authorities, we will provide representation should it become necessary during audits, appeals, or other required proceedings.

    Arnett & Foster, P.L.L.C., professionals have the necessary knowledge and experience to steer you through the increasingly complex maze of Federal and local tax systems. As seasoned professionals, we can examine your goals and objectives and assist in minimizing your overall tax burden. We recommend tax strategies appropriate for your circumstances.

    For more information about our Tax Services, please free to contact one of the Arnett & Foster, P.L.L.C. representatives:

    William H. McKee, CPA/PFS, CFP
    Nancy N. Morris
    Steven S. Robey, CPA, CVA
    Gary L. Swingle, CPA

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    Consulting Services
    Arnett & Foster, P.L.L.C., Consulting Services (CS) provides practical, realistic solutions to your management problems.

    For solutions, our CS specialists consider the real cause of the problem and focus on its critical aspects. When evaluating any problem or situation, its impact on business goals and objectives should be considered. Whether you are preparing or updating your business plan, purchasing a business, or conducting a feasibility study, the business issues should be considered.

    Our broad range of consulting services fall into five major areas which include

    • Business Valuation
    • Litigation Support
    • Computer Consulting
    • Software Products
    • Operations Reviews

    The objective of an Operational Review is to evaluate your system, procedures and structure and make recommendations that:

    • Improve efficiencies and economy
    • Reduce duplication of effort
    • Enhance profitability
    • More effectively use resources

    In helping you address business issues, Arnett & Foster, P.L.L.C., CS specialists have many areas of expertise, such as:

    • Microcomputer management
    • Design of local area networks
    • Office automation
    • Media conversions
    • Software support services
    • Assessment of corporate structure
    • Business and strategic planning
    • Recruiting
    • Personnel training
    • Profitability surveys
    • Projections and financial forecasts
    • Insurance and substantiation claims
    • Internal control surveys and systems analysis
    • Budget preparation and implementation
    • Buy-sell agreements
    • Partnership agreements
    • Officer/employee compensation benefits
    • Financing and refinancing
    • Personnel and succession planning
    • Mergers and acquisitions
    • Feasibility studies
    • Inventory management
    • Pricing of products /services
    • Operational audits

    If you would like more information about our consulting services, please contact:

    Lane Ellis, Jr., CPA, CISA, CVA
    Member-in-charge of Consulting Services

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    Business Valuations
    Business Valuation Services provided by Arnett & Foster, P.L.L.C., encompass numerous industries and business types.

    We have a seasoned, experienced team of Certified Valuation Analysts (CVAs) ready to assist you in evaluating your business and in making critical business decisions.

    Possible Valuation Purposes

    • Buying/Selling
    • Mergers and Acquisitions
    • Estate Planning
    • Estate Valuation
    • Buy-Sell Agreements
    • Stock Repurchases
    • Economic Loss
    • ESOPs
    • Gifts
    • S Corp Elections
    • Loan Collateral
    • Divorce or Property Settlements in
    • Litigation
    • Dissenting Shareholder Actions

    For additional information or assistance, contact:

    Lane Ellis, Jr., CPA, CISA, CVA
    Member-in-Charge
    Management Advisory Services

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