Carmines, Robbins & Company has a wide range of experience and expertise to help our clients. Below are just a few examples of how are services have improved our client’s financial position. Contact us to find out how our services can benefit you.
Financial Statements that are timely and accurate.
We were asked to help assist a client whose controller was delinquent in preparing timely monthly financial statements. Additionally, there seemed to always be some "adjustments" which were not made until year-end which caught the owner by surprise, and left him having to explain the big swings in income to his creditors and bankers! We recommended and assisted in implementing the Check Book Solution® to allow the client to concentrate on his business, while we watched his general ledger. The end result was, the client gets his statements in days from us instead of months from his controller, AND, the client basically outsourced his accounting to us, saving him $35,000 to $40,000 per year (the ex-controller's salary & benefits)!
Whether buying, selling or looking to retire from a business…we’ve got the right solution for you.
We have assisted numerous clients in purchasing and selling their businesses. We have assisted in implementing business succession plans that have successfully allowed several businesses to continue in existence, and provide for the original owner's retirement. We have assisted in the sale of businesses with sales prices exceeding $4,000,000. In many cases, both the selling, and purchasing parties recognize the high level of expertise we bring to the table and both parties retain our services.
Proper structuring can make all the difference. Let us show you.
A client was involved in a corporation with substantial tax loss which it couldn't utilize. He was also involved in a related business which was very profitable. We structured a merger between the two corporations which enabled him to recognize over $75,000 in tax savings in three years, not the 31 years that his other financial advisors recommended! End result - a happy client and a transaction which met the approval of the IRS!
A similar client had a corporation which evolved into two separate businesses. The problem was, the businesses were stuck in the same corporation! We helped the client structure a spin-off which separated the businesses into two corporations. This allowed the businesses to grow to their fullest potential, independent of the performance of the other corporation!