Save time and effort, and take the worry out of taxation by letting us help you with your returns. Taxation has long been this firm's stronghold. With experts in individual (and business) taxation needs, returns, filing dates and more, we are here to help you minimize your taxes and meet all your taxation (federal and state) and other government requirement needs.

Audit is a critical service for any business. And that's because the review of your internal controls will not only help you reduce errors and systematize your business to increase its value, but will ensure you are running every department in your business effectively. In other situations lenders, suppliers, investors, governmental entities or other regulatory bodies require audited historical financial statements. As part of this process it's important to recognize that every business is unique, therefore, we'll look at your overall operation, and consider the financial requirements you have and the related audit processes we'll need to undertake.

Our rigorous audit systems and highly experienced, specialist Audit team will work with you so that you can rest assured you're meeting all requirements and have the absolute highest level of accuracy throughout your entire financial area.

Any accountant will tell you it's important to know your position with regard to assets versus liabilities. It's also critical to understand your real asset position for the purposes of refinancing, or gaining capital loans. More importantly, like any investment it's important to constantly know whether your assets are growing or declining in value.

To truly know that, your business (and, for that matter, your other major assets) needs to be valued regularly. Importantly, unlike your home, (the value of which can increase dramatically for reasons outside of your control), your business is a living, breathing entity that grows when the right forces are applied to it. For every business, the right forces are different. For some businesses it's changing processes or the way they do business, for others it's changing who they do business with, it may be changing the team structure, or tighter financial control, or implementing a solid strategic plan, and for others it's something entirely different.

The other purpose of our business valuation services is to measure those forces. To find out if the right forces have been applied, and take action accordingly. Naturally, if they have we might suggest you do more of whatever caused that increase in value. Conversely if the value decreased, we'd work with you to identify alternative forces or ideas to apply that could correct that position as quickly as possible.

A periodic review of the value of your business then ultimately helps us increase your business's value much more quickly.

Handing over your business to family members successfully can mean the difference between being financially sound for life or losing the value of many years of hard work and effort.

More than 70 percent of family-owned businesses do not survive the transition from founder to second generation. Rather, they fall prey to either the estate tax or family discord. Developing and implementing a well-designed plan is essential to the long-term success of the business you've grown and developed from the very beginning.

Succession planning also applies irrespective of whether you have family members looking to take over the business. One day you are going to need to exit the business, through retirement or sale. Succession planning covers the key steps to prepare the business for that moment.

In the event of selling the business to an outside purchaser, EG Conley, P.C. can manage that process for and with you, as that can be an arduous undertaking.

It's important to keep this concept in mind: Ultimately, for your business to truly be a realizable asset for you, you need to constantly be working on it with a view to selling it sometime in the future. Whether you do sell it or not is irrelevant. Keeping that frame of mind means that at least you will always be in a position TO sell it and realize its true value, if you should ever want or need to.

That focus gives you a greater awareness of the need to systematize your business and make it less dependent on you. People want to buy businesses that work, not businesses that are run by people that work and work and work. Succession planning then is an ongoing, ever improving process and is just as much about working ON your business as planning for the future. (Ask us about the concept of working 'ON' your business rather than 'IN' it and just what that could mean to you!)

If you'd like to contact us about our Succession Planning Services – simply go to "Contact Us" and let us know.