Consulting Services

At Financial Stress Reduction, Inc., our business is to know and understand your financial situation.  We offer services beyond compliance and combine our experience, expertise and knowledge to add value as a trusted advisor to your financial situation.

We offer the following consulting services:

Financial Processes

Every organization can benefit from being introspective, skeptical and analytical regarding their finances.  We work with organizations to develop the predictive capabilities necessary to adapt to rapid changes and outperform their peers.  Specifically, we can help you with:

  • Driving growth from new markets and opportunities.
  • Enhance cash management through working capital optimization and better capital allocation.
  • Improve finance operations by focusing on operational effectiveness, financial analytics as well as budgeting and forecasting.
  • Enable efficient regulatory compliance.
  • Effectively manage risk by identifying sources and improvements to mitigate high risk areas.

Business Valuation

Business valuations enable you to accurately determine the value of a business and its components.  It is essential that you know what a business is worth whether you are buying, selling, involved in litigation or planning your estate.  Our highly trained and experienced professionals work with attorneys, other accountants and financial institutions to ensure you are represented fairly.  Our business valuation team is comprised of Certified Valuation Analysts (CVA), Accredited Senior Appraisers (ASA) and accountants Accredited in Business Valuation (ABV).  Additionally, they are experienced in testifying in both Federal and State courts.  Here is a complete list of business valuation services we provide:

Litigation

  • Marital dissolution
  • Partner or shareholder dissolution
  • Economic damages or bankruptcy

Financial Reporting

  • Purchase price allocation
  • Asset impairment testing
  • Intellectual property valuations

Business Planning

  • Buy and sell agreements
  • Purchases or sale of a business
  • General business planning

Bankruptcy and Insolvency Services

Financial Stress Reduction, Inc., Bankruptcy and Insolvency Group provides financial advisory services to Chapter 11 and Chapter 7 bankruptcy trustees, debtors, unsecured creditors and estate fiduciaries. We can aid you in include formal insolvency proceedings, out of court corporate wind-downs, reorganizations and liquidations.  Details of the various services our bankruptcy and insolvency group offers are detailed below:

Bankruptcy Trustees

  • Facilitate electronic records retrieval.
  • Identify hidden assets.
  • Assist with asset sales.
  • Assist with document requests.
  • Perform claims, insolvency and fraudulent transfer analyses.
  • Prepare required tax returns.
  • Provide expert testimony.

Debtors

  • Assist with the software set-up to segregate pre- and post-petition activity.
  • Bankruptcy schedule preparation.
  • Prepare cash flows and budget to actual analysis.
  • Perform claims analyses.
  • Provide guidance to development of a viable reorganization plan.
  • Prepare required tax returns.

Creditors' Committees

  • Assess the reasonableness of cash flows
  • Analyze budgets to actuals.
  • Perform preference analyses.
  • Investigate insider transactions.
  • Search for fraudulent transfers and asset misappropriations.
  • Analyze solvency.
  • Prepare reports and provide expert testimony.

Estate Fiduciaries

  • Assist with the sale of hard assets.
  • Assist with negotiating private sales of intangibles.
  • Develop causes of action to recover assets.
  • Distribute estate assets to creditors on the basis of priority ranking.

Forensic Accounting

Fraud is an ever present and growing problem for business organizations. It can go undetected for years and is often committed by “trusted” employees.  Fraud impacts nearly every organization regardless of size and the costs can be substantial.

At Financial Stress Reduction, Inc., our forensic accounting team is comprised of highly trained Certified Fraud Examiners (CFE’s) and accountants Certified in Financial Forensics (CFF’s). We believe the best way to deal with fraud is to prevent it.  Our approach goes beyond looking at the numbers to analyze and interpret them and understand the story they tell.   We assess and protect organizations from fraud through a rigorous step by step approach as follows:

  • Evaluate your organization’s overall fraud risk.
  • Identify possible fraud schemes with an eye toward industry specific criteria.
  • Rate any recognized schemes and analyze risk tolerance.
  • Develop policies, procedures and strategies to mitigate the fraud.
  • Implement and test detection and prevention against future fraud.

Check out our Newsletter for the latest article on Financial Planning.

Back to the top

IRS Problem Resolution

Don’t be an ostrich. Burying your head and ignoring tax problems with the IRS is a huge mistake. Ignoring an IRS tax issue will not make it go away, they will not forget about you, and it will only make matters worse. Most people bury their heads when it comes to IRS tax problems because they are scared, overwhelmed and don’t know what to do. We can help.

Leaving a tax debt unaddressed means interest and penalties will continue to pile-up. It can put you at risk of having your wages garnished, your bank account levied and ultimately the IRS even has the power to seize your assets and sell them at auction. The reality is that the IRS has a lot of power the can exercise in collecting tax debts. We can help you resolve your tax problem while preventing or minimizing these threats.

Ignoring an IRS problem not only won’t make the problem go away, but it grows bigger and bigger over time as interest and penalties grow. This snowball can make it feel impossible to settle your debts with the IRS. Many times, the interest and penalties are more than the original tax bill itself!

We offer services to help your settle your IRS tax problem and fend off garnishment, levies, and seizures. Leverage our tax code expertise and experience in dealing with the IRS to resolve your tax problems. Here are a few potential solutions that we use to help our clients solve their problems.

  • Installment Agreement
    Installment agreements are monthly payment plans you can use to pay off the IRS. An installment agreement shows the IRS you are serious about dealing with your tax problem. Even if you can’t pay off the entire amount up front, installment plans can prevent future penalties, keep interest in check and help stop garnishments, seizures and levies.

  • Innocent Spouse Relief
    Sometimes an IRS problem is simply not your fault. Typically, innocent spouse relief applies to married couples who file jointly. Whether one spouse just forgot to include all their income or they purposely committed tax fraud, the IRS will come after both of you. We can help you determine if you qualify and apply for innocent spouse relief, so you are off the hook for your spouse’s wrongdoing and the tax debt that goes with it.

  • Offer in Compromise
    One of the best options available to resolve IRS problems is an Offer in Compromise. An Offer in Compromise lets you settle your tax debts for less than you owe! There are a few forms they can take requiring either a lump-sum or short-term payment plan, and there are no guarantees; the IRS has to accept the offer you propose. We can help you propose, negotiate and close out an Offer in Compromise if it suits your individual situation.

Check out our Newsletter for the latest article on Financial Planning.

Back to the top

 
 
© 2017 Financial Stress Reduction, Inc.  |  Privacy Policy & Disclaimer  |  Smart websites by Service2Client, LLC