To succeed in business, you need to understand and measure your company’s performance. Additionally, your company’s investors, suppliers and customers need to have confidence in your business practices and financial statements. MCG provides a forward-looking audit strategy that focuses on risk and your stakeholders’ needs and is designed to increase quality and efficiency in the financial statement reporting process. Whether your need is for an audit, review, compilation, or other attestation services, our focus is on getting to know your business and adding value long after the engagement is complete.
Our financial statement audit and assurance services include:
With increased scrutiny by the Department of Labor (“DOL”) and Internal Revenue Service (“IRS”), plan sponsors of employee benefit plans as fiduciaries should expect more from their auditors. We believe that an employee benefit plan audit is only as effective as the planning that goes into it.
MCG is a member of the AICPA Employee Benefit Plan Audit Quality Center. Our audit team has a depth of knowledge and expertise in all types of plans, and is proactive in communicating new developments throughout the year. We team with plan sponsors to get their audits completed in the most efficient and productive way.
Our employee benefit plan audit services include:
When the Sarbanes-Oxley Act was passed in 2002, it represented the most significant overhaul of federal securities regulations since the Securities and Exchange Act of 1934. By founding the Public Company Accounting Oversight Board, the legislation creates a system for federal oversight of public auditors. It also mandates new disclosure requirements for public companies and harsher civil penalties for individuals and firms convicted of accounting or reporting violations. The Act continues to present many challenges for companies today, and MCG is ready to meet those challenges in an efficient and cost effective way. We work with public and private clients to create effective top-down risk assessments, internal control documentation, testing, and remediation.
Additionally, our audit team has depth of experience and expertise in evaluating and testing internal controls at service organizations under SSAE 16/SSAE 18/SAS 70 SOC1 and SOC2 standards. SSAE 16/SSAE 18 reports should be viewed as an annual investment into your company, helping generate new clients while increasing operational efficiencies through streamlined processes.
Our internal controls and SSAE 16/SSAE 18 audit services include:
As tax law continues to increase in complexity and the stakes for businesses continue to rise, risk must be mitigated. More than ever, it is critical to be on top of the latest tax developments. MCG tax professionals bring a breadth of federal and state tax experience to every assignment, and will partner with your organization to proactively address tax matters that arise from every business decision. We advise on all aspects of federal, state, and international business taxation.
We prepare tax returns for entities and individuals for federal, state, and local jurisdictions from all 50 states. We look for ways to reduce tax during the current year as well as in future periods. We also advise you of modifications to the tax law that would warrant filing amended returns.
Our federal and state income tax compliance services include:
In complex and changing business environments, you need a tax strategy that both creates value and is innovative. As the global economy grows and your company does more business in multiple jurisdictions, realizing the impact of the lowest effective tax rate can make all the difference. We assist companies in structuring acquisitions, divestitures, entity formation, asset protection, and state income tax minimization. We assist individuals in asset protection and estate planning.
Our tax consulting services include:
Being selected for an IRS audit generates stress for both individuals and company management. We guide individuals and entities through the process and consult with them on important tax issues. We act as an advocate for the taxpayer and aggressively work to not only generate the most favorable result for the taxpayer, but also to complete the audit in a timely and efficient manner.
Our IRS and state audit representation services include:
Operating taxes such as sales and use taxes, state telecommunication taxes, and alcohol and beverage taxes, are often the most misunderstood and heavily audited areas of state and local taxation. Compliance for these taxes is a time consuming task and can be the source of unexpected tax liabilities or a source of unanticipated tax savings. It is often difficult to determine if there is a taxable presence in a jurisdiction and if so, if a transaction in itself is taxable. Several clients enlist MCG as their sales tax department and entrust us with ensuring that applicable sales and use tax laws are being complied with. Our objective is to provide these compliance services by the most efficient means possible while providing an outcome that is most favorable to the client.
In addition to compliance services, we can provide a myriad of consulting services. These services are aimed at lowering the overall sales and use tax burden as well as improving the performance of the people, operations, systems and administration in supporting this tax function.
Our sales tax compliance and consulting services include:
Our Sales Tax Partners
We will act as a liaison between you and the State’s representative during the course of the audit. All questions and correspondence from the State will be directed to MCG and we will analyze and respond to such requests appropriately. Our approach often produces unique tax credit opportunities that may be overlooked by traditional accounting firms. When disputes arise, we vigorously defend your tax positions and will appeal to whatever level is economically necessary. No matter where you are in the audit process, it is never too early – or too late – to request our assistance.
Our sales tax audit representation services include:
Our Sales Tax Partners
MCG provides a variety of controller and bookkeeping services across many industry sectors including manufacturing, distribution, information technology and venture capital.
Our financial advisory services include:
MCG provides business process improvement, process documentation, fraud investigation, financial and operational budgeting and financial systems consulting to large public corporations, young entrepreneurial ventures, law firms, financial services entities and everyone in between, all throughout the country.
The MCG Business Advisory Services team aids Chief Executive Officers, Chief Financial Officers and Finance Directors in the strategic transformation of finance functions by creating substantial actionable insight for the executive team and ensuring that finance adds value to operations throughout the business organization.
Our business advisory services include:
MCG has a dedicated team of strategy consultants with experience from the “big three” management consulting firms (e.g. McKinsey, Boston Consulting Group, Bain). Offering this level of talent and experience is a true differentiator in the lower-middle market advisory space. The services we offer are relevant to both PE investors as well as operating companies:
Services for PE Investors
Services for Portfolio & Operating Companies
Capital and transaction planning are critical elements in the business world and often go hand in hand. Capital is needed for various reasons including start up, expansion, restructuring, recapitalization, business cycle downturns, etc. Obtaining capital is often a complex process that can take place in many forms including senior debt, sub debt, preferred equity, warrants, etc. The type of capital will have a material effect on ongoing founder ownership and control. Additionally, the structure of a transaction impacts the tax consequences of the ongoing enterprise and the ultimate exit. We focus on structuring a transaction in such a way to mitigate current federal and state taxation, as well as minimize taxes upon an exit event.
In addition to having excellent sources of capital, we provide critical services related to raising capital and evaluating transactions.
Our transaction and capital advisory services include:
Our Valuation Services practice provides business valuation services to companies or individuals that want to ascertain the value of their business for corporate planning, financial reporting or tax purposes. We provide valuations for gift and estate tax planning purposes under ownership structures such as Limited Liability Corporations and Family Limited Partnerships. MCG’s Valuation Services group provides valuations related to change in control transactions, including purchase price allocations, goodwill impairment testing and the valuation of intangible assets.
Our valuation services include: