Richardson & Associates, Inc.'s client base is diverse. It includes individuals, middle-market and multinational corporations, investment management firms, law firms, as well as private and public companies. Our firm has provided a variety of accounting and audit, tax and financial consulting services to those individuals and entities.
Because many of our professionals gained significant experience prior to joining the firm, and to demonstrate their collective professional experience, the following is a select list of engagements our professionals have participated in during their careers in accounting and finance.
ACCOUNTING & AUDIT
TAX
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Compliance - Assisted with the preparation of a number of corporate, partnership, individual, estate and trust tax returns for domestic and international tax clients, in a broad array of industries with diverse and complex tax matters. In addition, assisted clients with a number of informational filings and returns for tax-exempt, non-profit and charitable entities.
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Advisory - Provided tax advice to a series of controlled corporations to assist management in structuring the entities in order to consider the tax impact of graduated tax rates, shared attributes, preservation of attribute carry-forwards and align for a corporate reorganization.
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Advisory - Provided tax advice to a number of high-net worth individuals in conjunction with their restructuring of asset, investment and real estate holdings, their redesign and update of financial and estate plans and the projection of the tax consequences of doing so, including the analysis of current tax positions and prospective tax strategies.
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Advisory - Assisted the owners of an "S" corporation with the analysis of certain proposed stock redemptions among its shareholders, including consideration of the constructive ownership rules among family members.
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Advisory - Assisted the trustees of two family trusts to restructure those trusts considering investment holdings, related liquidity, income needs of beneficiaries and certain intergenerational tax and estate planning matters.
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Advisory - Assisted a non-profit organization with the preparation of its application for tax-exempt status to the Internal Revenue Service.
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Advisory - Assisted a investment advisory firm in connection with the structuring and review of their partnership agreement, including consideration of numerous tax provisions involving the operation and maintenance of members capital accounts, distributive share and member compensation issues.
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Representation - Represented a domestic client in connection with negotiations surrounding an offer-in-compromise with the Internal Revenue Service.
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Representation - Represented an individual taxpayer during the Internal Revenue Service's appeals process in connection with certain disputed business deductions that arose upon audit, thereby avoiding litigation pending in the Tax Court.
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Representation (Advisory) - Assisted a taxpayer to prepare their case presented to the Massachusetts Appellate Tax Board involving the correct interpretation of the statute of limitations with respect to a refund claim previously denied by the Massachusetts Department of Revenue.
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Representation - Represented numerous taxpayers in front of Federal and state taxing authorities to assist those taxpayers in addressing and responding to a wide range of notices, audits, collection actions and other administrative and procedural matters.
LITIGATION SUPPORT
CORPORATE RECOVERY AND BANKRUPTCY
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Fitness Equipment - Assisted the debtor of a privately held fitness equipment manufacturer by providing turnaround and financial advisory services including analysis of product-line performance, cash flow projections, financing requirements and collateral positions, and assisted the debtor renegotiate its primary credit facility with its senior lender. Subsequently, assisted the debtor with pre-bankruptcy planning including preparation of the petition and related schedules as well as preparing the financial support for first day orders.
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Chemical Transportation - Assisted the unsecured creditors' committee of a bankrupt chemical trucking and transportation company by serving as accountant and financial advisor for the committee. Services included analysis of business failure, review of financial filings and monthly operating reports, assessment of debtor's reorganization plan and feasibility, and consideration of a potential fraudulent conveyance action.
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Entertainment Industry - Assisted the unsecured creditors' committee of a bankrupt amusement park located on 500 acres of pristine waterfront property by serving as accountant and financial advisor during the bankruptcy. Services rendered included assessment of business failure, review of financial reports, recommendations on internal controls, analysis of preference payments, assistance with business plan feasibility, preparation of descriptive memorandum and due diligence material for sale of business, critique of plan and disclosure statement.
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Real Estate Partnerships - Assisted the board of directors of two publicly-traded real estate limited partnerships involved in the wind-down, liquidation and distribution of its properties by serving as accountant and financial advisor. Services rendered included maintenance of books and records, preparation of financial statements and public filings, preparation and distribution of tax returns, coordination with partnership's third-party servicers including legal counsel, independent accountants, investor communication servicers, transfer agents and investment manager.
TRANSACTION SERVICES
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Corporate Strategy - Assisted the directors and officers of a manufacturer of computer hardware products review its business plan and strategy. Services included critique of the company's business plan including a detailed review of the company, its industry, its competitors and its strategic alternatives.
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Acquisition - Assisted the management of a foreign technology company review its U.S. acquisition strategy, consider the advantages and disadvantages of various structuring alternatives, the development of an acquisition strategy in the U.S. and investigation of certain competitors as potential acquisition targets.
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Integration - Assisted the management of a large foreign conglomerate with the integration of a recently acquired domestic subsidiary. Services rendered included serving as interim controller and assistance overseeing the accounting and finance function, preparing internal financial statements, redesigning accounting and finance function, and conversion of accounting and operational computer systems.
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Divestiture - Assisted the debtor in a corporate recovery engagement present its operation for sale. Services included performing industry and company assessments, drafting a confidential memorandum, preparing preliminary buyer due diligence packages and contact with prospective purchasers.
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Corporate Finance - Assisted the management of a precious metals refiner identify increases in its cost of funds. Analyzed financing costs on short-term metal leases, forward contracts and futures contracts used to finance and hedge the company's inventory. Recommended revisions to its financing and hedging practices, an optimal capital structure and a corresponding financing package.
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Valuation - Assisted an investment partnership defend against fraudulent conveyance claims that arose from its involvement in a leveraged buyout transaction. Responsibilities included valuing an aviation services company and its intangible assets before and after the transaction, assessing the adequacy of the company's capital and its ability to pay its debts.
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