Management Consulting and Financial Planning

Entity Selection

Choosing the form of entity of your business (e..g. C Corporation, S Corporation, Limited Liability Company, Limited Liability Partnership) is a crucial decision that can have longstanding tax, asset protection, and business valuation implications. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.

Business Valuation

Whether you are thinking about buying a new business or need a valuation of interest for gift and estate tax purposes, the amount assigned to the value of your business is important. We can provide useful and objective analysis to assist you in the valuation of your business. We can apply recognized valuation approaches to perform a credible business valuation for a wide variety of clients.

Cash Flow Management

Cash is the lifeblood of a business. Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Timothy M Farmer, CPA, PLLC can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. We can help you analyze your spending and re-balance your budget for optimal cash flow to support your business success. 

Financial Projections and Forecasts

No one can predict the future perfectly, but we can all benefit from planning for it. Timothy M Farmer, CPA, PLLC combines expertise and experience with a gained understanding of your business to produce financial projections and forecasts that can help you manage your business plan and spending. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come.

Strategic Planning for the Purchase or Sale of a Business

We can provide sound guidance and address the complex issues in developing a strategic plan for the purchase or sale of a company's assets or stock. We will assist during the acquisition/disposition process by addressing such issues as ensuring orderly (and acceptable) changes in ownership, increasing the liquidity of ownership interest, cash flow analysis, and tax implications.

Individual Capital Accumulation and Preservation

All individuals should have a program to accumulate wealth and savings. Some of the more important reasons to accumulate capital are to fund their children's education, for emergency purposes, for retirement purposes, and for investments to provide financial security. We can help you prepare a family budget that is instrumental in determining discretionary income (income remaining after cash expenses). This is available and unrestricted cash that can be used to achieve successful family short-term and long-term financial goals. Our firm can assist in projecting the tax implications from your investment portfolio for an advantageous after-tax return.