Valuing the significance of sound accounting practices, Equipment Dealer Consulting has on board a team of Certified Public Accountants who possess extensive expertise in serving the equipment, hardware, and retailing sectors. Our seasoned financial professionals are dedicated to assisting clients with a comprehensive range of accounting requirements, which encompass the following services:
Certified Audits
With over 30 years of experience in the equipment industry, EDC provides comprehensive Certified Audits that dealers can trust. The purpose of an audit is to enhance the degree of confidence of intended users in the financial statements.
401K Audit
The primary objective of an audit is to ensure the 401(k) or other retirement plan is in compliance with both government regulations and requirements specified within the plan documents.
Valuations for Mergers and Acquisitions
Whether you’re buying, selling, or merging, EDC is your resource to provide a business valuation that indicates the fair market value of your organization. With EDC’s extensive industry knowledge, you can rest assure your valuation will be professional and accurate.
Valuations for Estate Tax Purposes
Business valuations may need to be performed for estate tax purposes. If you plan on receiving or transferring a business you will need a valuation to attach to the gift tax return or estate tax return. Typically, at the passing of an owner, a valuation will need to be performed to attach to the appropriate return.
Valuation of Goodwill
The need for determining goodwill often arises when one company buys another firm. Goodwill is the portion of the purchase price that is higher than the sum of the net fair value of all of the assets purchased in the acquisition and the liabilities assumed in the process.
Cost of Doing Business Study
The CODB Study is published annually by WEDA and is one of the industry’s most valuable publications to equipment dealers and equipment dealer associations throughout North America. The study presents composite income statements and balance sheets in addition to averages for key financial performance ratios for comparison to other dealers.
Income Tax Preparation & Consultation (Business and/or Individual)
Completing incoming taxes can be a daunting task but EDC is here to help take care of your tax needs whether it’s personal or business.
Reviews and Compilations
If your company is required by lenders to have a review or compilation we can perform those services. A review is the first step required before a certified audit is requested.
General Accounting
General accounting services include accurately managing financials through Generally Accepted Accounting Principles (GAAP), quarterly payroll reports, sales tax reports, or consulting on an as-needed basis.
member Hotline
If your organization is a NAEDA member the hotline is available to ask our experts the important questions with a timely response. Contact EDC at 800-762-5616