Bringing up your next generation of leaders In a family business, bringing up the next generation of leaders can be a difficult and politically-charged endeavor. So it’s crucial to get it right if you want your business…
Why Is a Succession Plan So Important? Business leaders and owners typically are good at building their companies and realizing success in their positions and respective industry (ies), just as was envisioned at the startup stage. But…
For many business owners, putting together a succession plan may seem like an overwhelming task. It might even seem unnecessary for those who are relatively young and have no intention of giving up ownership anytime soon. But…
Non-profits are in the throes of a leadership crisis. Executive turnover rates are at record levels, leaving many organizations flailing as they struggle to navigate the transition. An effective succession planning strategy is thus a crucial factor…
The company is often a business owner’s largest asset of his or her net worth, which creates a strong connection between how well an owner plans for succession and the value of the underlying asset. Early planning…
A well-documented succession plan helps reduce risk and ensure your company’s continuing success, yet many firms struggle to develop one that addresses a successful leadership transition. Businesses that follow these succession planning best practices will be in an…
Selling your company may be far off into the future, or it might be just around the corner. Either way, understanding what influences how much your company will sell for can ensure you get the best price…
How is your business doing? “Good,” you say? But is your business really doing well? If you’re basing your response on a feeling instead of tangible measurements, you may be unaware of how your business is truly performing. Successful…
Most people overvalue their business. But knowing the realistic worth of your business will not just help you to maintain your business, but it will help you to successfully run your business. Don’t guess at what your business is worth, and…
Having a formal evaluation process in place at your family business is critical to bridging the expectation gap between the parents running the business, their adult children, and other employees. One of the biggest challenges of —…
By Michael Pappas, CPA, director in charge of Barnes Wendling’s accounting and assurance services department. If you’re like many business owners, you probably think you have plenty of time to plan your transition. After all, you may…
By Matthew J. Silla, ASA, CFA, senior manager, business valuation, litigation support, Barnes Wendling Business owners need to begin the process of preparing their company for sale sooner rather than later. When selling your house, you get…
Featured Client Testimonials
Barnes Wendling has provided us guidance and recommendations that have strategically helped strengthen our business and position ourselves for growth. We needed to hire a new VP of Finance and Controller this past year, and they were instrumental in helping us find the best candidates for our company.
Sara Blankenship - President, Kaufman Container
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We value the trust, accuracy of information, and reliability of Barnes Wendling and Mike Essenmacher personally. Mike has been instrumental as a trusted advisor on accounting, tax, and personnel issues. His advice is always accurate, and he is very reliable. His associates are also very talented.
Dominic Ozanne - President and CEO, Ozanne Construction Company
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We value Barnes Wendling’s expertise with all things accounting so we can operate our business using our strengths and allowing them to be our experts. They have also brought me a few business sale opportunities to allow me to grow my assets.
John Gaydosh - President and Metallurgical Engineer, Ohio Metallurgical Service
Featured Client Testimonials
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
Featured Client Testimonials
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
Featured Client Testimonials
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
Featured Client Testimonials
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
Featured Client Testimonials
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
Featured Client Testimonials
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
Featured Client Testimonials
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
Featured Client Testimonials
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
Featured Client Testimonials
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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