When it comes to business valuation, the methodology used to reach a valuation matters. The value of a tire manufacturer that has been in business for 70 years, with national distribution and a stable customer base, should…
Timing and Methodology Matters with a Business Valuation Like nearly every other area of business, COVID-19 has impacted business valuations as some American companies have seen revenues plunge and future projections become uncertain. For business owners seeking…
Cleveland, Ohio: Barnes Wendling CPAs is proud to announce team member Steven Piatak, CPA, CFF, CFE has been promoted to director. He joins Barnes Wendling CPAs’ team of 13 directors. Piatak started with Barnes Wendling CPAs in…
Selling your business can come with a lot of uncertainties In this Part 2 series we will further discuss if this is the right time to sell your business. Key items discussed: Basics of Business Worth and…
If you want to properly plan for your business’s future, you must know what it’s worth. While succession planning isn’t just about the numbers, the numbers are still important, and includes your valuation. Your business valuation dictates…
Based on our research, 40-60% of a business owner’s net worth is in their business. Do you know what your business is worth? In a 1-hour webinar, we will walk you through the basics of business valuations,…
ESOP Overview An Employee Stock Ownership Plan (ESOP) in simpler terms is defined as an employee benefit plan that offers advantages to business owners and employees. This plan, according to the National Center for Employee Ownership, allows…
There are a number of external and internal factors used by a qualified expert when calculating the value of an existing business. While owners have some control over internal factors, they cannot control external ones. Regardless, each…
Potential buyers are always looking for investments that minimize risk and maximize return. To maximize the value of your privately-held business, you need to understand your value drivers, ensure optimal business operations, and reduce risk and maximize…
For most business owners, one of the single biggest assets they have is the ownership of their closely-held business. So, why would anyone risk gambling with such a large piece of their financial puzzle if something catastrophic…
A business valuation could be for a gift of ownership to children in the family business or to determine the value of a piece of ownership upon the death of one of the shareholders. Or it could simply be…
Planning for the future may not be high on your list of priorities, especially with the everyday demands of running a business. However, it’s proven that those business leaders who are proactive (in other words, those who…
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Barnes Wendling (especially Lena) did a great job with our financials. Everything. It is extremely refreshing and comforting to know that all of our numbers are not only correct, but they are in the right place(s). Your diligence and reporting truly does make me (personally) feel better.
Thomas Adomaitis-Controller, Bialosky Cleveland
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Larry Friedman is exceptionally thorough and thoughtful.
Greg Mulach, Individual Tax Return
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I can wholeheartedly tell you that I have yet to work with an audit or tax team that have been more helpful, easy to work with, and committed than the team at Barnes Wendling- I have been through three different firms in the last few years.
Michelle Saylor, Former Controller
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Floyd Trouten at Barnes Wendling CPAs is an “expert’s expert” when it comes to M & A accounting. Not only does he understand the evolving details of the Tax Code but he also sees the fine points of their application for owners, managers, investors, and financiers.
Mark A. Filippell, Western Reserve Partners
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The service is amazing at Barnes Wendling CPAs. The benefit is worth more than the cost. Sometimes it’s true that you get what you pay for.
Mark Boucher - Former Owner, Castle Heating & Air, Inc.
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Floyd and Barnes Wendling CPAs always provide us with peace of mind. Floyd is not only our trusted financial advisor, but we trust him like family. The Barnes Wendling CPAs team is always proactive and meet all of our deadlines. We are very grateful for them.
Trish Gleason, OMCO Holdings & Gleason Family Office
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Our heartfelt thanks to the Barnes Wendling CPAs team for all you do for us, such as your remarkable responsiveness, timeliness in meeting deadlines, and being such a pleasure to work with!
Karyn Davies Mitchell, Caremetx LLC
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The quality of your staff on our audit was excellent. I couldn’t ask for a more knowledgeable team with end-result focus.
Brian Spitz, American Tank and Fabricating Company
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Barnes Wendling takes a holistic, comprehensive approach that helps ensure we are looking ahead to the future. By keeping us up to date on relevant law and regulation changes, we can focus on running our business rather than burying ourselves in tax law. All of this is well communicated, which is the key to any relationship.
Joe Gramc - CFO, Five Star Trucking
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The valuation team at Barnes Wendling CPAs has provided us with consistently excellent service over the last ten years. We have been impressed with their expertise on business valuations, fairness opinions, and Topic 805 engagements.
Ric Hughes - CFO, AKSM
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Our auditors from Barnes Wendling CPAs are adept communicators, technically proficient, and patient, reasonable, and very personable. They add value through thoughtful recommendations based on in-depth client knowledge. I respect their opinions and highly recommend them.
Sue Leishman - CFO, Episcopal Diocese of Ohio
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As the Chief Financial Officer of our company, I am acutely aware of the need for relevant and timely advice from outside professionals. Those to whom we look for knowledge beyond ours, financial and managerial expertise outside of our own and proficiencies that are not found within our organization must possess more than simply technical knowledge. Our success depends to a great extent on these professionals we rely upon who have the ability to objectively evaluate, assess, and then communicate very focused, precise and accurate answers to our organizational needs. I can confidently say we have found those characteristics in our relationship with Barnes Wendling CPA’s. They have shown a sincere commitment to our future success while maintaining their dedication to pragmatic solutions for the daily challenges we face.
David E. Sustar - CFO, McConnell Excavating
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