Business Management

In addition to providing traditional compliance services, Pile CPAs provide innovative, progressive business solutions focused on bottom-line results. We know proactive communication and measurable objectives achieve desirable results. Our goal is to be your trusted advisor bringing innovative ideas, solid financial management tools and a team of specialists offering proactive business solutions.

Employee Benefits

Our Employee Benefits and Human Resources services are designed to help you to cost-effectively offer the compensation and benefits needed to retain top talent in today’s business environment. Pile CPAs can assist with benefit plan selection, and with the setup of personnel assessment programs, among other services.

In addition to the services offered by Pile CPAs, investment advisory solutions are offered by Pile Wealth Management to assist you with meeting the investment needs of employee plans as well as offer personal investment options for you and key employees.

Litigation Support

Litigation support is the process of providing consultation and support services to attorneys in regard to current and pending cases. The type of support services offered will depend on the needs of the attorney and may range from research and documentation of facts and precedents before a case comes to trial, or assisting in the determination of damages once a claim has been filed. Other services provided by our consultants include transactional due diligence, review of claims or assertions made by opposing parties and support for deposition and cross-examination procedures.

Statement on Standards for Attestation Engagements (SSAE) No. 16, Reporting on Controls at a Service Organization effectively replaces SAS 70 as the authoritative guidance for reporting on service organizations. While many similarities to SAS 70 remain, SSAE 16 incorporates substantial new guidance and authority for reporting on controls at a service organization, primarily three separate and distinct types of reports and certifications. Common examples of services organizations:

  • Trust Departments
  • Registered Investment Advisors
  • Third Party Administrators
  • Actuarial Service Providers
  • Remittance Processors
  • Lockbox Operators

Service organizations have found that obtaining a SSAE 16 report is an effective way to establish credibility with potential customers. Specifically, a “clean” (no reported control deficiencies) Type 2 SSAE 16 report communicates that the service organization has internal controls in place that are operating effectively. A SSAE 16 report acts as a selling tool for the organization as it can differentiate a service provider from its competitors. The SSAE 16 engagement process can also be utilized by management as a way to identify opportunities for improvement in operational areas.

SSAE 16 (formerly SAS 70) Reporting

Business Valuations

A business valuation is a structured process designed to quantify the “value” of a business, business interest, or special situation for a defined purpose. The goal of the valuation is to determine an estimate of the value of the business – a sole proprietor’s capital, a general or limited partner’s equity, or a preferred or common shareholder’s stock. Common purposes for a business valuation are:

  • Gift and Estate Planning/Taxation
  • Marital Dissolution
  • Partner/Shareholder Disputes
  • Mergers and Acquisitions
  • Family Limited Partnerships
  • Damage/Economic Analysis
  • Determination of Life Insurance Needs
  • Valuing Stock Options
  • Obtaining Financing
  • Charitable Contributions
  • Bankruptcy
  • Buy/Sell Agreements
  • Intangible Assets
  • Succession Planning

The high price of a true Chief Financial Officer (“CFO”) prevents many companies from having a full-time CFO. However, when you experience rapid growth, work to recover from an economic decline, or adjust to a change in ownership or top management, Pile CPAs can step in to provide the high-level services that a CFO would otherwise perform so that opportunities are not overlooked and potential problems avoided.

CFO and Controller Consulting

In the next 20 years, approximately $4 trillion of small business assets will transition to the next generation. Unfortunately, many family-owned businesses will not survive generational succession, let alone the unexpected illness or death of an owner or key executive. May Pile CPA clients are now successfully into their third and fourth generations of ownership. As part of your team of business advisors, we will help you navigate the complex maze of management, financial and tax considerations to develop a plan of transition to family or unrelated buyers.

Succession Planning