At Michael Silver & Company, the careful management of your finances is our top priority. We pride ourselves on giving you personalized and thorough service that meets your business or individual needs.

We provide a full range of tax and accounting services for our clients. We also offer consulting services, business valuations, international services and computer consulting.

Tax Services

Our approach is to provide aggressive, defensible positions that minimize or defer your Federal and State tax liabilities. We provide you with in-depth knowledge that is relevant to your business conditions. The methods used to accomplish these goals can include asset management techniques, inventory analysis, and strategic use of rules that are applicable only to your industry or existing business condition.

Our services begin first by listening to your needs. Once we understand what your objectives are, we can then analyze your financial condition, plan for anticipated changes, and provide you with the after-tax financial results that you are seeking. The goal is a long-term approach that will increase your net worth.

Specific services include:

• Corporate and individual tax planning
• Personal financial, business succession and estate planning
• Investment tax analysis
• Pension and profit sharing plans
• Full-service assistance designed to support federal, state or local government taxation needs

Often people confuse tax preparation with tax planning. At the point a tax return is being prepared, it is often too late to implement the type of tax strategies that can save you money. Tax planning helps you minimize taxes by making an assessment of your business and presenting recommendations that you need to implement within your business to get the greatest return possible. Tax planning is a needed, but difficult step for most people to take.

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Accounting Services

Government, technology and regulations are constantly changing. Your role should be to focus on running your business. Forecasting changes in tax laws and dealing with the impact these changes may have on your business requires constant training. Your accountant should provide you with insight into your financial position and provide recommendations on how your overall financial condition can be strengthened. Our role is to explain any options that may exist so you can make an informed decision. We expect to help you create profitable growth ideas.

Specific services include:

• Bookkeeping
• Asset management advice
• Profit review and analysis
• Computerized financial systems
• Corporate and individual tax services
• Financing relationships
• Financial modeling
• Business succession planning
• Estate planning

We cannot promise you a successful business, but we can promise you that your business will benefit by applying the strategies we suggest.

Our goal is to provide you with the strongest financial statement presentation possible. All audits need to validate that the financial condition of the business is being fairly presented. An audit should also focus on identifying processes in your business that could become more productive. The end result should be an "approved" financial statement with recommendations for profit enhancements that could be implemented.

Specific services include:

• Audit, review and compilation of financial statements
• Systems analysis
• Operational reviews
• Fraud and theft prevention
• Interim financial management
• Trend analysis

We utilize your staff as much as possible. It controls your costs, builds relationships and provides us an opportunity to make productivity recommendations whenever possible. Audits can often be used as a vehicle to begin a process of change within a business.

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Consulting Services

These services are intended to provide you with focused expertise for developing business situations. Your business may encounter "one time" opportunities requiring knowledge that your existing management team or current CPA has not experienced. We will work with them to provide the expertise needed to move successfully forward.

Some of our specialty "niche" areas include:

• Mergers and acquisitions
• Business expansion plans
• Fraud, theft, and waste detection
• Litigation support
• Insurance analysis
• Voluntary tax compliance negotiations with state and local authorities
• Business valuations

Our business management services that more directly impact your daily business are:

• Profitability modeling by product line, service offering and/or by customer
• Cash flow analysis
• Lease vs. purchase tax analysis
• Debt restructuring
• Leasing studies
• Assistance in obtaining new financing
• Budgeting and forecasting
• Inventory costing and productivity
• Cost control
• Break-even analysis

You do not have to be a large company to benefit from these types of services. Often a small investment in this type of support can return significant savings later.

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Business Valuations

Michael Silver & Company has certified practitioners to perform valuation services for your business, estate, or other assets. Such services may be needed in order to negotiate a sale, secure credit, settle a legal dispute, or determine your tax liability. Whatever you need, our task is the same: to use professionally accepted methods to arrive at a well reasoned and defensible estimate of value. Therefore, it is important to work with our valuation professionals skilled in selecting and applying the appropriate valuation methodology.

Valuations can be helpful in many situations:

• If you want to buy or sell a business and need to establish a reasonable estimate of what you could expect to receive in a sale or what is a reasonable offer.
• If you are divorcing and need help determining the distribution of assets between spouses.
• If you use gifts as a tax strategy in your estate plan and transfer potentially appreciating assets by outright gifts or by using a family limited partnership as an example of some common estate planning strategy.
• If you are liquidating your business and are declaring bankruptcy or seeking protection to reorganize where a valuation is necessary to determine creditor settlements and the availability of assets for distribution.
• If you are the executor of an estate and the estate property may include a business interest that requires an independent valuation if filing an estate tax return is required.
• If you are setting up a buy-sell agreement.
• If you are seeking business financing and need objective evidence of the value of your business.
• If you are doing strategic planning where a business valuation can give you an accurate picture of your company’s progress.
• If you require a fairness opinion. A fairness opinion usually addresses whether a proposed transaction is fair to shareholders.
• If you have merged with or acquired another company, we can help you allocate your purchase price among the company’s tangible assets, goodwill, and other intangible assets in the most advantageous way possible. Beyond reporting business combinations in accordance with recent changes in accounting standards, a valuation professional can help you determine your intangible assets’ fair value and the extent of their impairment on an ongoing basis. Your valuator can also help you properly record discontinued operations and the disposal of long-lived assets.

If you would like more information on how a valuation by Michael Silver & Company can help you, please call for a free brochure which more fully describes our valuation services, or contact our office and speak with one of our certified valuation accountants.

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International Services

Consulting

The most successful companies who are seeking to do business in the United States look to Michael Silver & Company for consulting advice, guidance and implementation strategies for their U.S. efforts. We understand that your company is facing a range of significant business issues in the global and local marketplace. More importantly, we are ready to help you achieve your goals with an inherent understanding of the U.S. marketplace and your own business. Our consulting provides a broad range of integrated end-to-end solutions which comprise elements of strategy, operations, package implementation, systems integration and outsourcing.

Tax Services

The objective of our tax services is to deliver integrated solutions that result in real savings for you, while avoiding the many tax mine fields that lurk. Our experts provide clear business advice tailored to meet the specific needs of individual clients seeking to do business in the United States. Our tax finance and consulting professionals work together in global teams to deliver the most appropriate solutions without wasting your time and money. We offer international corporate and expatriate individual tax planning and compliance, as well as mergers and acquisitions, transfer pricing, sales tax and payroll tax services.

Financial Advisory Services

The professional team at Michael Silver & Company is uniquely qualified to respond to clients' growing need for advice related to transactions. Our goal is to maintain and develop our position of leadership. In addition to mergers and acquisitions advice, the firm offers long-range strategic and short-range tactical planning, financial restructuring services, business valuation, forensic and litigation services, compensation planning, and transaction services.

Please contact Steven D. Handler, our partner in charge of International Services at (847)213-2107 or by email: stevenh@msco.net.

For more information on our international expertise, please visit www.openingthedoor.net

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Computer Consulting

Our approach to computers and technology is simple. First, do you need to get better information on your business? Second, what level of computerization would be required to get this information? Some businesses handle only simple data and require little to operate successfully. Other companies need a sophisticated system to track and analyze information. A computer is a tool that helps you do a job. Operating the computer should not become the job.

Specifically, we will...

• Assess your current technology environment
• Understand your objectives in order to help automate your processes
• Present options for you to consider
• Identify software solutions for you to consider, if needed
• Design a network needed to implement your computer system
• Configure the hardware needed
• Install your software and hardware
• Train you on the software
• Support you when needed

We believe that most businesses will benefit from implementing some form of computerization. Acquiring a system and using one are two different things. Our focus is to teach you how to use a system and not to teach you about computers.

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