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Duggan & Massey provides a variety of services to answer
the unique needs of closely-held businesses and high net
worth individuals. Allow the professionals at Duggan & Massey
to be the experts that complete your business.
Business Development
Our goal at Duggan & Massey is to provide you with the critical information you need to make wise decisions about your business.
How do we accomplish this?
We listen to your customers. We give them an opportunity to discuss their experiences with your business so that you may learn firsthand what your company does well and where it needs to improve. We listen to your employees. We offer them the chance to suggest ways to better the workplace to foster greater teamwork and productivity.
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We listen to you. We discuss your future goals and work with you to establish a vision for your company that matches those goals.
And finally, we design a performance measurement system that provides the feedback you need to guide your company toward achieving its goals. |
Buy/Sell Agreements & Business Succession Planning
The professionals at Duggan & Massey have many years of experience in the development of buy/sell agreements and in business succession planning. Over the years, we have developed a thorough understanding of the unique issues involved in a business transition — from a financial, tax and business strategy perspective as well as an emotional perspective.
We work closely with our clients, attorneys and other professional advisors to achieve the best outcome and ensure the smoothest transition. Let our expertise add value to your transaction.
We’ll work with your investment banker to help you achieve the highest price when selling your business. Don’t have an investment banker? We’ll help you locate one.
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How can our team of professionals help you?
- Planning and structuring Shareholder Operation agreements
- Creating buy/sell options
- Planning and structuring Stock Option agreements
- Developing a succession plan for transition from one group of shareholders to another, or from one generation to the next
- Providing valuations for the purchase or sale of your business
- Assisting with cash flow projections and financial structure of the purchase or sale of a business
- Providing tax planning regarding the purchase or sale of a business for both the company and its owners
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Business Valuation
The business valuator is fast becoming one of the most important advisors for increasing the value of a business. The valuator assists management in identifying, quantifying and monitoring the value drivers of a business. By performing a valuation, we establish a benchmark for the business that is then compared to future valuations, enabling management to measure how changes made to all or some of the value drivers increased the net worth of the business over time.
We can also prepare valuations to assist businesses and owners with purchasing and selling businesses, developing buy/sell agreements, determining a compensation basis for stock options, and more.
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Estate valuations are a key element in estate planning where the potential estate may consist of an operating business, stock ownership in an existing business, partnership interests, or high net worth. A Duggan & Massey valuator will advise business owners on how to successfully transfer the maximum ownership interest to younger generations with reduced or no gift tax consequences, while retaining control of these assets. This same concept can be used for high net worth individuals who want to begin transferring their wealth to future generations.
For more information about our business valuation services, please contact Charles Lundquist, CPA, CVA, at clundquist@duggan-massey.com. |
Accounting Compliance & Assurance Services
Duggan & Massey offers a wide range of accounting and assurance services. Whether for an audit, a review or a compilation, we will be there for you. We can help you determine which level of assurance best meets your needs. We can help you choose the software package that is most appropriate for your business. We can even work you through the initial setup and can provide continuing software support.
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Duggan & Massey is subject to independent peer reviews. You can trust the professionals at Duggan & Massey to stand behind your accounting and assurance needs. |
Tax Planning & Preparation
At Duggan & Massey, we believe that tax planning isn’t just an annual event. As trusted advisors for closely held businesses, we work with clients to ensure that every available tax-saving opportunity is explored. Our clients depend on our expertise in the area of income tax to help them adapt to the rapidly changing tax environment and increasingly complex tax issues.
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Recognizing that businesses need a variety of tax services, we have developed several key tax specialty areas, including:
- Business income tax planning and preparation
- Representation before the IRS and state governmental agencies
- Sales and use tax
- Payroll tax administration and reporting
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Compensation, Benefits & Retirement
Compensation is more than just a paycheck. Consider that there are taxable, non-taxable and deferred plans. Are you, as an employer, maximizing your deductions for compensation provided to employees? Are you, as an employee, maximizing your non-taxable compensation? In today’s competitive employment market, creative employment packages are the name of the game when it comes to attracting and retaining quality employees.
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Duggan & Massey is ready to help you create an innovative package for your business. We’ll explore these areas:
- Accident and Health Benefits
- Auto Reimbursements
- Awards
- Cafeteria Plans
- Company Airplanes
- Company Provided Vehicles
- Company Retirement Plans
- Deferred Compensation
- De Minimus Fringe Benefits
- ESOPs
- Fringe Benefits
- Golden Parachutes
- Incentive Stock Options
- Indirect Compensation
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Retirement Plan Administration
Compliance in the area of qualified retirement plans is an employer’s fiduciary responsibility. We can help—from choosing the right retirement plans for you and your employees to providing the administrative and record-keeping services required by ERISA and the Department of Labor to make sure your employees receive accurate and timely individual reports of their investments. Whether your need is a prototype plan or a specially designed plan, we are available for consultation and administrative functions.
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Duggan & Massey can help you to properly operate your retirement plan, ensure your understanding of your fiduciary responsibilities and advise you on transactions which may be considered prohibited by the Treasury Department and the Department of Labor. Do you have the right plan? Contact us to discuss your options.
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