When you choose to hire Morgan & Westfield as your broker, we will handle everything needed to sell your business or assist you in the process of buying a new business! Some buyers and sellers choose to hire a CPA or an Accountant at some point throughout the process, often to answer financial questions or assist in navigating through tax issues. Because of that, we have interviewed several CPAs and Accountants so you can determine if/when to hire a CPA and what you can get from working with a CPA. The CPAs and Accountants who have interviewed with Morgan & Westfield give great insight on when a CPA or Accountant is needed, how you can get the most out of working with a CPA, how to keep the sale of your business and your financial information confidential, how to avoid common mistakes made by buyers and sellers, and so much more. 


Professional Spotlight:

In the spotlight this week is CPA Rick Adamy, located in Grand Rapids, Michigan.

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"This [equity value] is one of the most commonly misunderstood areas of valuation." 
 
Rick Adamy is a CPA and the founder of Adamy Valuation Advisors. In his interview, Mr. Adamy gives us an overview of several very important topics, including: valuations, equity value, working capital adjustments, earnouts, enterprise value, private equity groups and a venture capital groups. Read Mr. Adamy's Interview Here.

brian 2_1.jpgBrian D. Bornino, CPA/ABV, CFA, CVA - Columbus, Ohio

Are there any unique exit options that are often overlooked? Selling a business to your employees through an Employee Stock Ownership Plan is an often-overlooked option…" Read More...

 


Elliott_0.JPGElliott G. Chester, CPA, CFE, CVA, CGMA – Little Rock, Arkansas

What is the rationale behind adding back interest and depreciation when recasting earnings? It is a way to get free cash flow, which is the stream of value often used…"  Read More...

 


Matt E. Turpin 3_0.jpgMatt E. Turpin, CPA, CVA, CMAP, CGMA - Destin, Florida

How long should I expect due diligence to take? Due-diligence can take anywhere from one day to six months depending on the size of the transaction and the size…"  Read More...

 


Sam Bachstein 3.jpgSam Bachstein, CPA - Westlake Village, California

What does "recasting financial statements" refer to and how are you involved with the process? “Recasting financial statements” refers to the process of adjusting the financial statements of a business to reflect the...” Read More...

 

 


rick2_2.jpgRick Adamy, CPA/ABV, ASA, CBA - Grand Rapids, Michigan

What is Equity Value and what do I need to know about this if I am selling my business? This is one of the most commonly misunderstood areas of valuation. Enterprise value…"  Read More...

 


large_CPA (general image)_11.JPGScott R. Miegel, CPA, CBA, CrFA - Jupiter, Florida

How would a business owner get the most out of working with a CPA? Your CPA can help you understand and highlight the value drivers of your business. These are the specific attributes that are transferable to…"  Read More...

 


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Russell T. Glazer, CPA/ABV, MCBA, ABAR, ASA, CVA, MBA - Woodbury, New York

When does a business need a buy-sell agreement? Anytime there is more than one owner, a business should have a buy-sell agreement that clearly spells out the “trigger events”…"  Read More...