Forensic accounting can be an invaluable resource to parties of an investigation, dispute, or lawsuit – providing an objective, expert analysis of facts and documents. 

Our forensic team keeps current on the changing requirements of commercial litigation and uses multi-disciplinary analytical approaches to gather and analyze data. The information we provide clients and their legal counsel is often critical in making key decisions about the case.

Areas where we can help include financial reporting misconduct, post-acquisition disputes, breach of contract disputes, bankruptcy, tax fraud, and money laundering.

There are many reasons you may need a business valuation – sale or restructuring of a business, transitioning ownership to the next generation, issuing stock options, gift, estate or inheritance taxes, bankruptcy, or litigation.

A valuation will determine the current market value of a business, providing information needed to make critical business decisions. 

The valuation process requires a multi-dimensional examination of the business and its environment, and important financial, tax, economic, and industry data are analyzed and interpreted. Our valuation experts are skilled at performing appraisals for any size business across multiple industries.

Tax law is constantly changing, but our team is always on top of the latest changes and can help you take advantage of tax credits and incentives. 

We provide nexus analysis for companies doing business in multiple states, ASC 740 analysis for income taxes, and FIN 48 analysis to disclose income tax risks.

Challenging economic times create an increased risk of business fraud. 

Spotting red flags and establishing a fraud assessment plan can help you minimize your risk. That’s where our team of fraud prevention specialists come in.  We can provide fraud risk assessments, written fraud policies, internal control improvements, and fraud awareness training for employees. We can also help you establish an employee whistleblower program.

When it comes to mergers and acquisitions, bad processes can derail a deal.

Our M&A specialists have the knowledge and expertise to guide you through the entire transaction. With over 150 years of combined experience, we assist buyers, sellers, and financial institutions from preliminary negotiations to closing date and beyond.

Since getting the M&A timeline right is critically important, we work with the entire team of advisors to create a process that moves the deal forward while meeting your specific objectives. 

During the process, our team can provide a variety of M&A services including complex tax analysis, business valuations, quality of earnings (QofE) reports, in-depth financial due diligence, entity structuring, working capital analysis, intangible assets valuation, earn-out calculations, and more.

To help businesses recover from the effects of the COVID-19 pandemic, Congress passed numerous programs to provide financial assistance.

One of these programs was the Employee Retention Credit (ERC), a refundable tax credit for businesses that continued to pay employees while shut down during the pandemic or had significant declines in gross receipts from March 13, 2020 to December 31, 2021.

Although the program has ended, businesses still have the opportunity to claim ERC for up to three years retroactively.  However, the IRS is warning employers to be wary of aggressive third parties advising businesses to claim the ERC when they may not qualify.

Adding to the confusion, some businesses that received Paycheck Protection Program (PPP) funds mistakenly believe they don’t qualify for ERC. Let our advisors clear up the confusion. We can determine your eligibility and help you claim the ERC. 

At Louis Plung & Company, we’ve been helping our clients grow and succeed for over 100 years.

We do that by understanding our clients’ businesses inside and out – everything from company culture to short-term and long-term goals, industry challenges, profit margins, and organizational needs.

Our business advisors help improve productivity and increase profitability with a range of services including business projections, economic feasibility studies, financial forecasts and tax projections, cash management reports, internal control systems evaluations, and other management and financial services designed to solve your business issues.