Business Consulting

Our interest in your company goes far beyond handling your accounting, auditing and tax needs - Barfield, Murphy, Shank & Smith is proud to offer business and financial consulting services.

Because we work with clients who usually don’t have a covey of in-house accountants or lawyers, we become more involved with operational and business issues. In other words, we provide the services you would expect from a firm that is greatly interested in your total success.

Here is where BMSS greatly differs from other accounting firms. We are fully prepared to assist your company with:

  • Assisting corporate financing
  • Benchmarking and analytical review
  • Budgeting and forecasting
  • Business health checkup
  • Business succession planning
  • Buying/selling a business
  • Cash-flow analysis and control
  • Contract controller
  • Hiring employees
  • Internal control issues and structure reviews
  • Mergers and acquisitions
  • Pricing strategies
  • Structure of equipment debt and working capital financing
  • Turnaround services
  • Valuations
  • Workman’s compensation cost control 

BMSS has significant experience advising its clients regarding acquisitions and dispositions of business entities, units and operations. This experience includes consulting regarding:

  • the implications of asset versus stock (entity ownership units) transactions for entities taxed as C corporations (consolidated and non-consolidated), S corporations and partnerships,
  • the possible advantages / disadvantages of different structural approaches, and
  • the availability of, and planning for, tax-advantaged provisions of the Internal Revenue Code.

BMSS has also guided its clients through the compliance requirements often encountered in these transactions, including:

  • the proper determination of the amount, timing and character of any gain or loss for the business and/or its owners from the transaction, and
  • the filing of any applicable elections, disclosure statements, or IRS forms not typically required in the annual returns for a business and/or its owners.

BMSS Business Consulting Professionals