Privately Held Companies

As a privately held company, you have unique tax and accounting needs and require services that maximize earnings, minimize risk and tax liability, and keep you in compliance.

L&H is an industry-oriented firm with seasoned leaders specializing in the tax and accounting requirements among several entity types.

Technology, Entrepreneurial & Emerging Growth

When you’re starting a company or expanding your business, especially when seeking venture funding, swiftly squaring away your accounting needs becomes critical. You need services specifically focused on the challenges you face in entrepreneurial and emerging growth, including business formation, choice of entity, capital structure, best accounting methods, and establishing year end.

As leaders in the technology and emerging growth arena, we can help you with these challenges and with maintaining your leading edge in the business. Livingston & Haynes is proud to serve as a preferred accounting partner for the Bain Capital Ventures Innovation Center (BCVIC), a virtual marketplace that provides entrepreneurs with a suite of resources to help them succeed when starting a business. BCVIC considers L&H “a trusted partner that can make all the difference when getting your business off the ground.”

Our services for technology and emerging growth firms include tax planning, compliance, and preparation, accounting and attest services, including financial statement audits, reviews, and compilations, and bookkeeping and payroll services through our affiliate, EBPI.

Industry-specific consulting services include:

Cost Recording for Stock Options
NEXUS Issues
Revenue Recognition, including calculation related to bundling hardware and software and to longstanding license contracts
Establishing Vendor Specific Objective Evidence (VSOE)

Early stage SAAS, Hardware, Software, & Cloud Computing
Mergers and Acquisitions Transactions, specifically to smaller firms that are seeking to leverage their technology, their services, and their market
Funding and Equity Transactions
Cost Recording for Software Development

Construction & Real Estate

Any business plan should call for tax and accounting services that maximize the financial benefits of your transactions and minimize your tax burden, but that’s simply a good start. In the construction and real estate business, you need a trusted service provider to help you achieve effective job costing, proper revenue recognition, and accuracy in metrics for gauging financial success in order to make strategic business adjustments when necessary. As a real estate developer, manager, or professional, you need to know you’re in the hands of a firm that understands the complexities of multiple, embedded entities, with management fees passing through and between.

Our services for construction and real estate companies include tax planning, compliance, and preparation and accounting and advisory services, including financial statement audits, reviews, and compilations. We also perform agreed upon procedures, SOC engagements, and computations related to percent of completion method, including “look backs” on long term contracts.

Industry-specific consulting services include:

Budgeting and Cash Flow Projections
Business Entity Structuring
Tax and Depreciation Planning

Job Costing
Acquisition and Disposition Analysis
Structuring of Transactions
1031 Exchanges of “like-kind” Investment Property

What We Are Talking To Our Clients About

Technology

NEXUS Issues for companies whose customers are across borders.

Construction

Job costing to
monitor the true profitability of each project.

Manufacturing

Tax strategies
around overhead allocation.

Manufacturing, Distribution & Retail

Manufacturers, distributors, and retailers face intense, global competition and continuous consolidation within the industry. To maintain a sustainable, competitive edge in the marketplace, your business needs timely compliance solutions at every stage of business growth.

Our services for manufacturers, distributors, and retailers include tax planning, compliance, and preparation and accounting and advisory services, including financial statement audits, reviews, and compilations.

Industry-specific consulting services include:

Multi-state Tax Issues, including those related to shipment of tangible goods across state lines
Supply Chain Management, including the establishment and maintenance of an effective cost accounting system

Direct or indirect costing plans
Overhead Allocation
Variance analysis
Inventory Control Practices

Franchise and Intellectual Property Licenses

As a part of a franchisor/franchisee or licensor/licensee agreement, you may face issues and potential complications related to royalty agreements and royalty fees. In some cases, an independent royalty examination is used to bring an independent perspective to ensure that licensing agreements are upheld by both parties. Our team works with several national corporations and understands the nuances of these licensing agreements, namely in the fastener sector of the manufacturing industry, and provides independent royalty examination services.

Employee Benefit Plans

Employee benefit plans can attract new talent and incentivize current employees, making them a powerful business tool. With their rise in popularity as incentives and succession plans, employee benefit plans are increasingly on the Federal Government’s compliance radar. The need for support in maintaining compliance, cost-effectiveness, and efficiency has never been greater.

L&H provides accounting, auditing, and tax services for employee benefit plans, including 401(k), defined benefit and defined contribution plans, profit-sharing plans, 403(b) plans, and employee stock ownership plans (ESOP). Our services include assistance in filing Form 5500, as required by ERISA, and accounting and advisory services, including financial statement reviews, compilations, and audits, including those for 100+ employee plans, as required by U.S. Department of Labor. Additionally, we perform agreed upon procedures and SOC engagements.