Inventory issues can have huge consequences to your business. Controlling the cost of your inventory and the costs associated with your inventory can greatly improve the bottom line of your business. SVA will help your business evaluate the best cost method for the products of your company and industry.

• Inventory method analysis
• Consulting
• Inventory tax reporting

In its simplest form, succession planning involves the transition of ownership of a business from the existing owners to others. In a closely-held or family business the transition requires advance planning. Common goals in a succession plan include minimizing the tax bite, identifying and grooming the next generation of manager/owner, or, where no family member is interested, a plan for transfer to a third party.

We can assist the current owners and family members in identifying key issues and creating proposals to facilitate the transition of your business. Our experienced and knowledgeable professionals have the ability to help you focus on clarifying your goals and then assist in the construction of your business’ succession plan.

• Business valuations
• Business restructuring
• Tax consequences of sale, gift or liquidation
• Family limited partnership services
• Retirement projections
• Tax and cash flow projections

Our professionals, working with your legal counsel as needed, can help your new or existing business select the appropriate entity type. Based on your industry, your growth expectations, financing needs, your long term goals, the benefits you want to offer your employees, and, perhaps most importantly, the compensation and benefits you as an owner want from the business, we can determine if your should be:

• C Corporation
• S Corporation
• Limited Partnership
• Limited Liability Partnership
• Sole Proprietorship

Before starting a business, you need to consider the following tax-related issues when determining the entity type of your business:

• Personal liability
• Initial owner investment
• Deductibility of start-up losses
• Compliance costs
• Initial, intermediate, and long-term capital costs
• Choice of entity
• Compensation issues
• Stock option planning
• Exit strategies
• Business valuation

Our services for growing and transitioning business include:

• Changing accounting methods
• Multistate taxation
• Sales and use taxes
• Sales, Mergers, and Acquisitions planning
• Tax-free exchanges
• Liquidation or reorganization
• Succession planning

SVA has several credentialed valuation professionals on our staff. We have extensive experience in many types of valuations:

• Business valuation incident to a purchase, sale or merger of a business
• Litigation support
• Estate and gift tax planning
• Succession of ownership – including buy-sell agreements
• Asset split-ups incident to divorce
• Closely held businesses
• Family limited partnerships
• Business losses
• Shareholder disputes
• Franchise valuation or evaluation
• Liquidation and/or reorganization