Consulting Services

Improve profitability and develop practical, reliable solutions

DARMODY, MERLINO & CO., LLP

Our Consulting Services

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.

Mergers and Acquisitions Due Diligence

Darmody works with entrepenuers, private equity, and family companies to investigate and substantiate all aspects of planned mergers and acquisitions. From creating file rooms through post-closing working capital adjustments we are hands on with both buyers and sellers to bring confidence to any size deal.

Deal Structuring

Buying or selling a business, admitting or redeeming an owner, and entering new contracts are all types of deals that happen at one point in time but have long-term future ramifications.

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Deal Structuring

Buying or selling a business, admitting or redeeming an owner, and entering new contracts are all types of deals that happen at one point in time but have long-term future ramifications. Darmody’s decades of experience in these matters gives us a unique expertise and insight into how seemingly small details can make major differences. Our accountants work closely with our clients to understand their objectives and how the deals will fit with the rest of their business. Our tax division works closely with the audit and accounting team to ensure that all sides are covered during our deal structuring consulting.

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Agreed Upon Procedures Engagements

Being a CPA firm requires us to be experts on a wide array of topis from accounting in general to industry specifics.

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Agreed Upon Procedures Engagements

Being a CPA firm requires us to be experts on a wide array of topis from accounting in general to industry specifics. Clients can leverage this expertise on internal and external projects that do not have specific reporting requirements. An agreed-upon procedures engagement is an attestation engagement in which we perform procedures designed (or agreed upon) by a client for financial or nonfinancial subject matter and report the findings without providing an opinion or conclusion. The client can use the report knowing that the information came from skilled and independent professionals.

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Interim CFO/Controller and Back Office Services

Darmody has an experienced staff of industry professionals that can fill temporary assignments in your front or back office. Our accounting and industry specific knowledge as well experience with a wide range of clients allow us to provide self-sufficient staff to you during periods of high volume or unexpected turnover.

Succession Planning

Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company’s day to day operations. With a solid background in business and personal income tax, as well as estate and trust tax, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.

Overhead Rate Calculations

With our extensive expertise and experience in many industries including contruction and manufacturing, we help our clients calculation and update overhead rates in conformity with the latest IRS and GAAP rules.

Internal Controls and Process Implementation

Darmody can help your company’s management team develop reliable company specific procedures and controls to standardize accounting and other processes. With less rework and more timely internal informational available, your business decisions will be better informed and more reliable.

Cash Flow Analysis and Projections

“Cash is cash. Everything else is accounting.” Or so the saying goes. In addition to sorting through the various accounting and tax requirements of your business, Darmody can help you analyze and plan for future cash in flows and out flows. Our accountants understand the big picutre as well as what various accounting elections and tax strategies mean for your business.

Accounting Standard Selection and Implementation

Accounting rules are always changing. From revenue recognition (ASC 606) to leases (ASC 842), new and additional considerations are required for each new accounting standard. Darmody consults with clients to determine which standards are applicable to your business and how (and when) to record transactions as well as making the proper disclosures to present financial statements in conformity with GAAP.

How Can Darmody Help You?

Darmody offers a wide range of services to our individual and business clients. Our resources and diverse staff have enabled us to become experts and specialists in a wide range of industries and services. We maintain the feeling of a small firm by providing our clients with personalized quality service that is beyond comparison. Please click or tap below to see some of the ways Darmody can help you.
Financial businessman working on desk office using a calculator to calculate calculating corporate income tax data And analyzing charts of financial. finance and accounting concept.

Audit & Accounting

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. We have earned the trust of our clients and the respect of their stakeholders through years of comprehensive and proactive financial reporting.

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Financial businessman working on desk office using a calculator to calculate calculating corporate income tax data And analyzing charts of financial. finance and accounting concept.

Tax

We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities.

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Financial businessman working on desk office using a calculator to calculate calculating corporate income tax data And analyzing charts of financial. finance and accounting concept.

Consulting

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound.

Read more