Nontraditional Services

NONTRADITIONAL SERVICES

In addition to these traditional services, Schlenner Wenner & Co. provides the following nontraditional services:

ATTESTATION

For more information on attestation, services please contact Brian Skluzacek, Molly Thompson, Jill Hoffmann or Jon Archer.
Contact Brian Skluzacek Contact Molly Thompson Contact Jill Hoffmann Contact Jon Archer
We provide a number of services under the attestation standards typically addressing the need for assurance that certain activities are being conducted in accordance with relevant guidelines.
  • Attestation Services

    The accounting and auditing profession in the US is guided by standards established by the AICPA. The AICPA issues pronouncements that address auditing, reviews, and compilations. These are based on historical financial information and generally accepted accounting principles.


    Schlenner Wenner & Co. provides a number of services under the attestation standards. These services typically address the need for assurance that certain events or activities are being conducted by an entity in accordance with relevant guidelines. Departments of the state government require these assurance services to obtain assurance that an organization is performing under the terms of contracts they have with the state. Creditors and financial institutions require these services to obtain assurance contract terms are being met.

  • Agreed Upon Procedures

    An agreed upon procedures engagement is one in which we are engaged by our client to issue a report of findings based on specific procedures performed on subject matter. Our client engages us to assist specified parties in evaluating subject matter or an assertion as a result of a need or needs of the specified parties. Because the specified parties require that findings be independently derived, our services are obtained to perform procedures and report our findings. We and the specified parties agree upon the procedures to be performed that the specified parties believe are appropriate. Because the needs of the specified parties may vary widely, the nature, timing, and extent of the agreed upon procedures may vary widely as well; consequently, the specified parties assume responsibility for the sufficiency of the procedures since they best understand their own needs. Our report is issued on the agreed upon procedures performed and our findings related to those procedures. An agreed upon procedures report is restricted to the specified parties.


    Agreed upon procedures can be completed on any type of entity.

INTERNAL CONTROLS

For more information on internal controls please contact Molly Thompson or Brian Skluzacek.
Contact Molly Thompson Contact Brian Skluzacek
Schlenner Wenner & Co. has staff that can assist you in adopting internal control policies that fit you and help protect you from possible fraud.
  • Internal Controls Services

    Documenting and following proper internal controls can be a time consuming and difficult process. Schlenner Wenner & Co. has staff that can assist you in adopting internal control policies that fit you and help protect you from possible fraud. We can also help you document these policies to allow new employees to jump into a new system and know the policies that they need to follow. When internal control policies are in place, we can come to your place of business and test those policies to make sure they are functioning properly. 


    Internal control services include:

    • Consulting on policies
    • Documentation of policies
    • Agreed Upon Procedures
    • SOC 1
    • Internal Control Walkthroughs

BUSINESS CONSULTING

For more information on business consulting services please contact Steve Schueller, Pat Plamann, or Cory Ritter. 
Contact Steve Schueller Contact Pat Plamann Contact Cory Ritter
Schlenner Wenner & Co. is here to improve your business performance and offers a broad range of management consulting services.
  • Business Consulting Services

    We recognize that "small" businesses can have "big" business issues without the luxury of time or a large staff. Schlenner Wenner & Co. is here to improve your business performance and offers a broad range of management consulting services. We analyze existing business problems and help you develop plans for improvement. Our objective and expert advice allows the owners or managers to make decisions based on timely, relevant and critical data. We focus on recruiting activities, insurance planning and evaluation, strategic planning and implementation, on-site CFO services, and executive mentoring.


    Owners of successful companies often find themselves thinking about the next step. Expansion through acquisition provides opportunities to merge talent and resources. With proper planning, the result is a competitive edge and streamlined overhead. Schlenner Wenner & Co. has the experience and resources to help you make the most practical and informed decisions to ensure continued company growth. We offer:


    • Due Diligence Investigation - to discover whether the business you are merging with has adequately represented itself
    • Entity Selection - to ensure that you receive the most beneficial tax consequences
    • Capital Structure Analysis - to discover how the business finances its operations and growth
    • Cash Flow Analysis - to provide analysis of the businesses cash flows and cash flow needs 
    • Accounting and Tax Issue Reviews - to provide accurate and timely analysis regarding accounting and tax transactions

LEASE PURCHASE ANALYSIS

For more information on lease purchase analysis services please contact Pat Plamann or Ryan Finberg. 
Contact Pat Plamann Contact Ryan Finberg
Whether it's real estate or office equipment, determining whether it is better economically for your business to lease or buy requires analysis. 
  • Lease Purchase Analysis

    Whether its real estate or office equipment, determining whether it is better economically for your business to lease or buy requires analysis. Financial aspects of the potential purchase as well as an understanding of tax considerations needs to be analyzed closely. Schlenner Wenner & Co. can partner with you to analyze all aspects of your lease or buy decisions. Our careful analysis will ensure you make the right choice.

BUSINESS VALUATION

For more information on business analysis services please contact Jill Hoffmann.
Contact Jill Hoffmann
Schlenner Wenner & Co can provide a business valuation based on sound judgment and solid experience. Whatever the reason, we have the knowledge and expertise to help.
  • Valuations of Businesses and Intangible Assets

    When was the last time you checked to see how the stock market was doing? Yesterday, this morning or just a minute ago? Everyone is interested in how their investments are performing, especially in today's market.


    Schlenner Wenner & Co can provide a business valuation based on sound judgment and solid experience. Whatever the reason you need business valuation services, we have the knowledge and expertise to help.


    Our valuation consultants use a comprehensive approach to the valuation process.  We perform an in-depth analysis using relevant market data and apply state-of-the-art valuation techniques to prepare an accurate and defensible valuation analysis.  As a result, we provide defensible valuations that are in compliance with legal and professional standards.


    We perform independent valuations for many business reasons, including, but not limited to:


    Litigation Purposes

    • Bankruptcy / Insolvency
    • Improper Transfer of Intellectual Property
    • Fraudulent Conveyance
    • Shareholder Disputes
    • Marital Dissolutions
    • Economic Damages
    • Intellectual Property Infringement

     

    Financial Accounting Purposes

    • Purchase Price Allocation
    • Goodwill Impairment
    • Option Pricing

     

    Tax Purposes

    • Employee Stock Ownership
    • Estate Taxes / Planning
    • Gift Taxes / Planning
    • Charitable Contributions
    • Compensation with Stock
    • S – Corporation Elections
    • IRS Challenges
    • Intangible Asset Deductions / Losses 

    Strategic Management Purposes

    • Mergers and Acquisitions
    • Pre-acquisition Due Diligence
    • Divestitures
    • Intellectual Property Management
    • Purchase / Sale of Selected Intangible Assets
    • Buy / Sell Agreements
    • Value-Based Planning
    • Fairness Opinions

LITIGATION SUPPORT

For more information on litigation support services please contact Steve Schueller.
Contact Steve Schueller
When financial, accounting, valuation and investigative issues are involved in litigation, it is important that they be presented in a clear, organized and accurate manner.
  • Litigation Support Services

    When financial, accounting, valuation and investigative issues are involved in litigation, it is important that they be presented in a clear, organized and accurate manner. The disclosure of information and the way it is presented can sometimes be the difference between winning and losing a case. This is where our litigation support team can be of assistance. We can serve as experts and consultants providing educated, objective opinions based on many years of experience and technical knowledge.


    With decades of experience, we successfully:

    • Assist legal counsel in determining necessary and important discovery documents.
    • Evaluate the opposing expert witness and work product.
    • Assist legal counsel in prioritizing case strategies relative to probable damage areas and amounts.
    • Assist legal counsel in developing lists of questions to ask opposing expert witnesses.

    Also, with an increasing number of disputes being resolved outside the courtroom, our professionals have played important roles in the alternative dispute resolution (ADR) process. Bringing our professionals into the process early saves time and professional fees reducing the client’s financial burden. A client in the preliminary stages of a dispute may want to discuss valuation, tax and other financial consequences of various settlement options with our professional team to gain realistic understanding of the situation.

COST SEGREGATIONS

For more information on cost segregation services please contact Pat Plamann.
Contact Pat Plamann
If you have constructed, bought, expanded or remodeled real estate, we can help you increase your cash flow by reducing your current taxable income.
  • Cost Segregation Services

    If you have constructed, bought, expanded or remodeled real estate, we can help you increase your cash flow by reducing your current taxable income. A cost segregation study is a strategic analysis that allows companies to accelerate their depreciation-related tax deductions. Generally, real estate loses its value over either 27 or 39 years; however, equipment and land improvements are depreciated over 5 to 15 years, meaning you can receive tax deductions sooner. A cost segregation study identifies equipment and equipment-related costs and land improvements that are depreciated over this shorter time period. You can enjoy tax deductions right now that you would otherwise have to wait years to receive.


    In addition to new construction, cost segregation studies can be performed on existing facilities. The IRS allows taxpayers to catch up any depreciation deductions reclassified to a shorter depreciation life. In the past the adjustment had to be distributed over four years; now, it can be expensed entirely in the year of the change. This will allow you to increase the net value of current tax savings immediately. This boost in cash flow will help you facilitate your business plans.


    Schlenner Wenner & Co. performs cost segregation studies for all types of industries, from apartment buildings and hotels to manufacturing facilities. Our sole focus is on maximizing the legitimate benefits available to you. Our income tax expertise ensures that you will maximize your cash flow while minimizing the income tax burden on the cost of your new building.

FORECASTS AND PROJECTIONS

For more information on forecast and projection services please contact Jill Hoffmann or Steve Schueller.
Contact Jill Hoffmann Contact Steve Schueller
An important part of the planning process is preparing prospective financial statements that attempt to predict the outcome of your future business activities. 
  • Forecast and Projection Services

    Business owners know they need to plan for the future if they want to succeed. They must consider management strategies, prepare budgets and plan for alternative funding possibilities. An important part of the planning process is preparing prospective financial statements that attempt to predict the outcome of your future business activities. These documents are not produced on a regular basis but are important when you want to report your financial condition. They are based on management expectations of how your business is currently operating (forecasts) or on a hypothetical assumption about your businesses future actions (projections). Whether you need to plan for the purchase of new equipment or a complete financial overhaul, Schlenner Wenner & Co. has the experience and knowledge to help your company exceed its financial goals.

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