Areas of Expertise
Learn more about our experience and the variety of services we provide for specific industries.
Get in Touch with Us Today for All of Your Service Needs
Construction Services
Construction can be a challenging industry. Rising costs, bonding issues, interest rates, labor issues, client relations, specialized tax complexities, and federal/state licensing regulations can affect the profitability of a construction company and can result in difficult financial and accounting decisions.
We take pride in providing personal attention, strong technical ability and customized audit, tax and consulting services to our construction-related clients. As advisors to your management team, we can help increase operating margins, stabilize cash flow, minimize tax burdens and keep you aware of relevant tax law changes and regulatory issues.
GYF’s experienced professionals can help you deal with the specific issues confronting the industry. Our expertise in this sector includes serving clients in commercial and residential construction, sub-contractors, specialty trades and industry material/service providers. Some of the services we offer to our clients in the construction industry include:
Assurance & Advisory
- Accounting for claims and unapproved change orders
- Accounting methods
- Budgeting and cash flow management
- Cost capitalization deferral techniques
- Cost certification reports
- Employee benefit plan services
- Financial instruction & controllership
- Financial statement audits, reviews and compilations
- General ledger activities
- Joint venture accounting and reporting
- Overhead cost and cash flow analysis
- Percentage-of-completion accounting
- Prequalification reports
- Reporting in accordance with IFRS & IAS
Tax Advisory & Compliance
- Business tax planning strategies
- Cost segregation services
- Entity selection
- Estate and gift tax planning strategies
- Federal, state and local tax preparation
- Individual tax planning strategies
- International tax consulting
- Opportunity Zone planning
- Representation in controversial tax matters
- State sales and use tax issues, including voluntary disclosure agreements
Valuation & Litigation Support
Management/Technology Consulting
- Accounting policies and procedures
- Business continuity planning
- ERP systems implementation and support
- Fraud investigation
- Job costing and percentage of completion analysis
- Loan and financing agreements
Education
Experience is important when your board is considering hiring an independent CPA and consulting firm. GYF serves as a trusted advisor, providing audit and assurance, tax and consulting services to a variety of educational institutions across the region. Our clients include public, private and parochial schools, colleges and universities, and nonprofits that provide residential treatment and education programs.
With dedicated focus, GYF delivers effective, customized services to the education industry, including:
Assurance & Advisory
- Assistance with new accounting standards
- Certificate of excellence in financial reporting
- Chart of account design
- Construction bond audits
- Employee benefit plan services
- Federal and state grant compliance
- Financial instruction and controllership
- Fixed asset projects
- Financial statement audits, single audits, reviews and compilations
- Forensic investigation
- Evaluation and implementation of internal controls
- Loan and financing agreements
- Overhead cost and cash flow analysis
- Special-purpose financial statements
Tax Advisory & Compliance
- Payroll and unemployment taxes
- Preparation of forms 990, 990PF & 990T
- Preparation of Form 5500 (benefit plans)
- Representation in controversial tax matters
- State sales and use tax issues
- Unrelated business income tax (UBIT)
Employee Benefit Plans
Auditing employee benefit plans requires specialized experience. Complex rules and regulations from the Department of Labor (DOL) require that organizations choose the right audit provider for their benefit plans. Our firm’s membership in the AICPA’s Employee Benefit Plan Audit Quality Center assures you that our processes comply with professional standards and DOL regulations for ERISA audits.
Audit & Assurance Services
GYF audits employee benefit plans with assets ranging from less than $1 million to over $700 million and with participants numbering from 100 to over 20,000. We also have experience with plan mergers and terminations and offer specialized services for health insurance purchasing groups.
We perform limited- and full-scope audits of single, multiemployer and multiple employer plans, such as:
- Defined contribution plans, including 401(k) plans
- Section 403 (b) tax shelter annuity plans
- Section 457 deferred compensation plans
- Defined benefit pension plans
- Health and welfare benefit plans
- Voluntary employee benefit associations
A comprehensive benefit plan audit can help uncover financial matters as well as compliance issues related to the operation of the plan. We will provide you with benchmarking information and suggestions to improve internal controls. GYF coordinates with the plan sponsor, trustee(s) and the administrator to facilitate accurate completion of the annual audit.
Tax Advisory & Compliance Services
- Annual report of employee benefit plans (IRS Form 5500) for all types of plans, including retirement plans and welfare benefit plans
- Services related to filing IRS Form 990 for voluntary employee benefit associations
Energy Services
Whether in oil and gas, mining or alternative fuels, our energy clients share many of the same financial and accounting challenges. Our expertise and connections in the industry enable us to effectively respond to the needs of energy providers and service-related companies.
GYF has served a variety of companies from small, privately-held businesses to large, publicly-traded and international corporations. Our experienced professionals understand your concerns regarding price fluctuations, cost containment, supply chain management, enhanced production demands, technological improvements, new standards, deregulation issues and capital needs.
Some of the types of services we provide to clients in the energy industry include:
Assurance & Advisory
- Accounting methods
- Budgeting and forecasting
- Cash flow management
- Cost capitalization deferral techniques
- Cost management, including indirect cost accounting for profit margin flexibility
- Cost recovery
- Employee benefit plan services
- Financial instruction and controllership
- Financial projections and cash flow analysis
- Financial reporting and analysis
- Financial statement audits, compilations and reviews
- Financial statement preparation
- Fixed asset/depreciation schedules
- General ledger activities
- Internal audits
- Internal control design and review
- Joint venture accounting and reporting
- Overhead cost and cash flow analysis
- New accounting standards assistance
- Reporting in accordance with IFRS & IAS
Tax Advisory & Compliance
- Business tax planning strategies
- Cost segregation studies to depreciate facility costs and defer income tax
- Energy credits
- Entity selection
- Estate and gift tax planning strategies
- Federal, state and local tax preparation
- Individual tax planning strategies
- International tax consulting
- Partnership tax services
- State sales and use tax issues
- Tax audit assistance
- Tax deferred exchanges
- Tax minimization strategies
- Tax credit financing and government incentives
Valuation & Litigation Support
- Business valuations
- Contracts and negotiations
- Equity management
- Estate, retirement and succession planning
- Forensic and fraud investigation
- Litigation support services
- Merger and acquisition transactions
- Operations improvement
- Property and transaction analysis
- Royalties/mineral interests and lease issues
Management Consulting
- Accounting policies and procedures
- Business continuity planning
- ERP system implementation and support
- Industry competitive benchmarking
- Job costing
- Large company services
- Project profitability analysis
- Risk management assistance
- Strategic, long-term business planning
High-Net-Worth Individuals & Families
Successful individuals understand the importance of hard work, dedication and attention to detail, and they expect these qualities from their service providers. GYF professionals have served as valued advisors to high-net-worth individuals and multiple generations of business owners. We understand the challenges that can be involved with family businesses, dealing not only with financial issues, but also the sensitive personal and emotional connections that accompany them.
GYF provides a full range of tax planning and compliance, trust and estate planning, wealth preservation strategy, succession planning, and business advisory services to maximize tax savings and help you achieve your financial goals. Specific areas in which we can provide assistance and advice include:
- Cash flow management
- Cost-segregation studies
- Educational funding strategies
- Equity value enhancement
- Establishing/operating charitable foundations
- Estate, trust and gift tax planning
- Financial planning
- Marital dissolution and equitable distribution
- Income tax planning
- Investment consulting and analysis
- Philanthropic interests
- Retirement and succession planning
- Tax consulting and compliance ‒ tax return preparation for federal and state fiduciary income taxes and estate and gift taxes, as
well as charitable trust information returns - Wealth transfer strategies
- Valuation of assets
International Businesses
GYF serves not only U.S. companies that do business abroad, but also international companies with domestic operations. We provide audit and assurance, tax and specialized consulting services to U.S.-based subsidiaries of public and private companies headquartered throughout Canada, Europe, Asia and South America. Our international resources are enhanced through our affiliation with Geneva Group International (GGI), a global alliance of professional firms. If we do not have direct experience with an international issue, our firm can utilize the expertise of professionals in firms around the world.
Some of the services we provide to our international business clients include:
Inbound
- GAAP financial statements
- IFRS financial statements
- International acquisitions
- Special purpose financial statements
- Technology transfers
- U.S. subsidiaries
- U.S. tax reporting
Outbound
- European VAT
- Foreign tax credit planning
- IFRS financial statements
- International tax compliance
- International trust and estate planning
- Transfer pricing assistance
- U.S., Canadian, U.K, European tax planning
Large & Public Companies
GYF offers a diverse array of technical service capabilities designed to address a broad range of needs for large and public companies in our region. Our unique expertise provides publicly held and privately owned companies with annual revenues exceeding $200 million with an excellent alternative for providers of accounting services.
Utilizing our specialized experience in these areas provides an opportunity for you to enhance the capabilities of your management team. Some of the services we provide to large and public companies include:
- Business Tax Planning & Compliance
- Executive Tax Planning and Compliance
- International Taxation Assistance
- Services to Subsidiaries
- Tax Provision Services – ASC 740
- Acquisition and Divestiture Assistance
- Benefit Plan Audits
- Special Projects and Agreed-Upon Procedures
- Business Valuation and Litigation Support
- Technology Consulting and Support
Our success in serving these needs for large companies is a result of our commitment to dedicating highly-experienced professionals to all aspects of these projects. This focus, in addition to low staff turnover and competitive pricing, has enabled GYF to work with some of our region’s top corporations.
Manufacturing
Manufacturers face numerous economic pressures including rapidly changing technology, rising labor and production costs and new regulations that make it difficult to maintain profitability. GYF serves companies that produce a variety of products and commodities, and we understand the types of challenges facing the manufacturing industry. Many of our manufacturing clients started working with GYF in the early years of their businesses and remain with our firm today.
We provide audit and assurance, tax and specialized consulting services to help you to improve processes and find opportunities to keep your business running smoothly. Our ERP Solutions Group can demonstrate how the NetSuite Manufacturing Solution can assist you with quality management, inventory, order processing and warehouse operations.
Our professionals complement their industry expertise and keep current on the issues facing manufacturers through continuing education and involvement in industry associations. To assist our client with global operations, GYF can access international resources through our affiliation with GGI.
At GYF we are proud that, since our founding in 1990, serving the not-for-profit industry has been a primary focus for our firm. We value a philanthropic spirit and culture and strongly believe in helping those who help others. Our professionals have dedicated much of their careers to serving non-profits and will use the expertise gained from assisting other non-profits to help you concentrate on your central purpose and fulfill your mission.
We offer educational seminars and other training opportunities throughout the year for accounting professionals and non-profit management teams. View the materials from these presentations as well as other helpful links at our Not-for-Profit Resource Center.
GYF provides assurance, tax and consulting services to large and small not-for-profit organizations of various types. Our client base includes educational institutions, health and human services agencies, faith-based organizations, professional and membership associations, foundations and various other groups throughout the surrounding region.
Our experienced professionals offer useful recommendations to management to improve the organization’s accounting controls and operating efficiencies. We also help our clients understand and manage the effects of new developments in accounting rules, tax laws or other business changes to assist the organization in meeting obligations to boards of directors/trustees, donors, grantors and regulatory agencies. Our ERP Solutions Group can demonstrate how the NetSuite products can help nonprofits of all sizes to improve operations and grow their missions.
We provide the following professional services to not-for-profit organizations:
Tax Advisory & Compliance
- Assistance with tax-exempt status
- Estate planning strategies to fund endowments
- Payroll and unemployment taxes
- Preparation of IRS forms 990, 990PF & 990T
- Preparation of IRS Form 5500 (benefit plans)
- Representation in matters of tax controversy
- State charity registration and annual filings
- State license to solicit and renewal applications
- State sales and use tax issues
- Unrelated business income tax (UBIT)
Assurance & Advisory
- Assistance with new accounting standards
- Budgets and projections
- Chart of account design
- Construction bond audits
- Employee benefit plan services
- Federal and state grant compliance
- Financial instruction, interim controllership
- Financial statement audits, single audits, reviews and compilations
- Financial statement preparation
- Fixed asset projects
- Forensic investigation
- Fraud prevention
- Internal control evaluation, implementation
- Inventory controls
- Loan and financing agreements
- Overhead cost and cash flow analysis
- Special purpose financial statements
Management Consulting
- Accounting policies and procedures
- Corporate compliance assistance
- FASB implementation
- Financial reporting
- Governance issues
- Indirect cost allocation plans
- Lease vs. buy analysis
- Long-range financial projections
- Operations analysis
- Outsourcing
Many of our professionals volunteer in the community and serve in leadership roles for a variety of not-for-profit organizations. This experience enables them to appreciate the perspectives of the boards and management teams and to bring that understanding to their work in serving our clients. Learn more about our firm’s Community Focus.
Professional Services
Because we are part of the professional services industry we understand that your time is important. By partnering with GYF to handle your assurance, tax, consulting, valuation or technology needs, you can focus on your core business functions and devote more of your valuable time to your clients.
We work with a variety of professional service businesses, including include law firms, architects, engineers, investment advisors, financial planners, insurance companies, marketing and advertising firms, management companies, food service providers, and a wide variety of other service businesses. Learn more about our specific advisory services for law firms.
Our ERP Solutions Group can show you how to streamline your professional services operations with the NetSuite Professional Services Solution. We provide a full range of accounting services to our clients in the professional services industry, including:
Assurance & Advisory
- Accounting methods
- Budgeting and cash flow management
- Cost capitalization deferral techniques
- Employee benefit plan services
- Financial instruction and controllership
- Financial projections, cash flow analysis
- Financial reporting and analysis
- Financial statement audits, reviews and compilations
- Financial statement preparation
- Fixed asset/depreciation schedules
- General ledger activities
- Internal audits
- Internal control design and review
- Joint venture accounting and reporting
- Overhead cost and cash flow analysis
- New accounting standards assistance
Tax Avisory & Compliance
- Business tax planning strategies
- Entity selection and structuring
- Estate and gift tax planning strategies
- Federal, state and local tax preparation
- Individual tax planning strategies
- International tax consulting
- Partnership tax services
- State sales and use tax issues
- Tax audit assistance
- Tax minimization strategies
Valuation & Litigation Support
- Business valuations
- Contracts and negotiations
- Equity management
- Estate, retirement and succession planning
- Forensic investigation
- Litigation support services
- Merger and acquisition transactions
- Operations improvement
Management Consulting
- Accounting policies and procedures
- Business continuity planning
- Fraud investigation
- Mergers, acquisitions and dispositions
- Risk management assistance
- Strategic, long-term business planning
Real Estate & Property Management
Rea estate development and property management are complex industries, requiring specialized knowledge of banking and regulatory requirements, as well as accounting and tax guidelines. The specific opportunities and challenges facing the real estate/property management industry require accountants and advisors with a sophisticated level of knowledge and experience.
We can help you deal with changing economic and market conditions, investment structures, tax regulations and incentives, and evolving accounting standards. We offer assistance with negotiating contracts, obtaining financing, minimizing taxes, improving business operations and proactively addressing other real estate-related financial issues.
GYF’s professionals have the expertise to understand your business issues. Our clients include real estate investors, property owners, commercial and residential real estate developers, property managers and construction companies. We provide the following industry-specific services:
Assurance & Advisory
- Affordable housing regulatory reporting – HUD, RD, MSHDA
- Accounting for claims and unapproved change orders
- Accounting methods
- Audits, reviews and compilations
- Budgeting and cash flow management
- Cost capitalization deferral techniques
- Cost certification reports
- Cost recovery
- Debt coverage ratio analysis
- Employee benefit plan services
- Financial instruction and controllership
- Financial projections and cash flow analysis
- Financial reporting and analysis
- Financial restructuring and workouts
- Financial statement preparation
- Financing assistance
- Fixed asset/depreciation schedules
- General ledger activities
- Internal audits
- Internal control design and review
- Joint venture accounting and reporting
- Overhead cost and cash flow analysis
- New accounting standards assistance
- Percentage-of-completion accounting
- Prequalification reports
- Reporting in accordance with IFRS & IAS
- Sarbanes-Oxley compliance
- Tax incremental financing (TIF) audits
Tax Advisory & Compliance
- Business tax planning strategies
- Cost segregation services
- Energy credits
- Entity selection
- Estate and gift tax planning strategies
- Federal, state and local tax preparation
- Individual tax planning strategies
- International tax consulting
- Low-income housing tax credit
- Opportunity Zone planning
- Partnership tax services
- State sales and use tax issues, including voluntary disclosure agreements
- Tax audit assistance
- Tax deferred exchanges
- Tax minimization strategies
- Tax credit financing and government incentives
Valuation & Litigation Support
- Business valuation and equity management
- Contracts and negotiations
- Estate, retirement and succession planning
- Fraud and forensic investigation
- Litigation support
- Merger and acquisition transactions
- Operations improvement
- Ownership structure alternatives (ESOPs)
- Property and transaction analysis
- Strategic planning
Management Consulting
- Accounting policies and procedures
- Business continuity planning
- ERP Solutions
- Job costing and percentage of completion analysis
- Loan and financing agreements
Technology
GYF offers a full range of services the meet the various business lifecycle needs of companies in the technology industry. From entrepreneurial start-ups to established businesses, our professionals are experienced in serving companies that have complex and multi-layered capital structures.
In addition to our traditional audit and tax services, our specialized expertise for technology companies includes:
- Business advisory services to assist companies to form joint ventures and establish incentive compensation plans
- Business valuations performed to help companies enhance equity value
- ERP systems consulting and support
- Tax advisory services relating to technology-specific issues, such as claiming research and development credits and properly applying depreciation values to equipment and software
- Transaction support
Our clients include companies in the biotechnology, micro- and nano-technology fields, materials research companies, and firms providing communications, software and information technology services.
Transaction Services
Every transaction is different, and each party involved has unique objectives and considerations. GYF’s experienced professionals have assisted clients with numerous corporate mergers, acquisitions and divestitures and understand the needs and requirements in this arena.Our goal is to provide objective, timely and cost-efficient transaction services.
We provide a full complement of transaction services across all of our practice groups including assistance related to:
Wholesale Distribution
Success in the wholesale distribution industry requires just the right balance. Distributors face various difficulties, including tough competition, low margins and loss of business to direct sales. To confront these issues and remain competitive, it is important to control costs and streamline operations. You must effectively manage inventory and maximize efficiencies without compromising product delivery, motivate and reward employees to maintain productivity, and carefully monitor expenses to maintain profitability.
GYF has served numerous distribution clients, and we utilize our expertise in this sector to understand and address your challenges and goals. Our experienced professionals work closely with your management team to develop clear organizational processes and controls. We help you to put these practices to use to capitalize on your resources and successfully operate and grow your business.
Our ERP Solutions Group can show you how to further improve your operational efficiencies with the NetSuite Wholesale Distribution Solution.