Joe Page, CPA, CFE is our partner in charge of manufacturing and distribution. With more than 20 years of experience, Joe has a significant understanding of the ins and outs of the manufacturing industry.
We offers clients the solutions they need to deal with today’s dynamic marketplace and changing business environment. Beyond routine accounting and tax issues, we are a committed business partner offering expertise that improve efficiencies, enhance operational effectiveness and upgrade cost systems. Whitlock can help implement stronger inventory control systems and assist with staffing advice.
Strategic Business Planning
Planning is crucial for manufacturers. We can help your business prosper with strategic business planning services such as cash flow consulting, accounting system design, analysis and implementation and tax planning.
Succession Planning
The Whitlock Company has guided numerous professionals through this process. With our experience as your guide, transferring ownership of your company is a smooth transition. We will also help you outline and meet your personal financial goals before exiting your business.
Employee Benefit Plan Administration and Consulting
We offer employee benefit plan administration services for all types and sizes of Missouri businesses. Our objective is to achieve the financial goals of the plan and the plan sponsor – and to ensure each plan’s qualification and tax-exempt status. Generally, federal law requires employee benefit plans with 100 or more participants to have an audit as part of their obligation to file an annual return/report (Form 5500 Series).
Some exceptions may apply if your business has filed as a small plan in the previous year. Call The Whitlock Company to determine whether federal law requires an audit of your company’s plan.
Audits
The Whitlock Company offers audit procedures customized to your needs including:
- Meaningful Financial Statements – The Whitlock Company provides financial information meaningful to both internal management and external users. We design statements that are both in accordance with current accounting standards and understandable. Footnotes are written concisely to explain important aspects of the financial position and operational results of your company.
- Supplemental Information – When relevant, we supplement financial statements with information relevant to your needs.
- Beyond the Audit – During the course our audits, we search for ways to improve your efficiency and profitability. We outline possible internal control improvements, help you plan for contingencies and offer insight into the ratios and trends of your business.
Employee Benefit Plan Audits
The Whitlock Company staffs several professionals who focus on audit and consulting services for businesses with employee benefit plans. They receive ongoing compliance training in new developments and strategies, so our clients receive the most current information available.
In addition to auditing clients’ retirement plans, we also work with businesses who use other CPAs for their accounting and tax needs without disrupting that relationship. Additionally, new accounting industry regulations requiring auditor independence have resulted in a trend towards hiring a second CPA firm for benefit plan audits.
Count on us to provide audits that meet the requirements of the Employee Retirement Income Security Act (ERISA), the Department of Labor (DOL), and the Internal Revenue Service (IRS).
Tax
We offer comprehensive tax planning services for your business. Our tax professionals prepare your return with the intricacies and tax efficiencies of your business in mind. We can provide audit representation before federal, state and local agencies for inquiries, audits and offers-in-compromise. The Whitlock Company is also prepared to help you with specialized issues of tax planning such as handling mergers and acquisitions, analyzing executive compensation and benefit plans and employee benefits.
Cost Segregation Studies
A Cost Segregation Study by The Whitlock Company gives your company significant financial advantages. A Cost Segregation Study is a low-risk, high-return method of recovering capital investments and improving cash flow quickly. We accomplish this by creating an engineering-based analysis of the costs associated with a commercial building, then finding the optimal allocation of these costs applying the most up to date tax codes and case law.
ESOP Formations and Consulting
An Employee Stock Ownership Plan (ESOP) allows many businesses to thrive as employee-owned companies. The Whitlock Company lends their expertise to established ESOPs through services such as planning and compliance assistance and plan administration, planning and compliance. For business owners considering changing their business to an ESOP, we conduct in-depth feasibility studies to discern whether your business would benefit from restructuring as an ESOP.
