Advancing Advisory booklet : simplebooklet.com

GOVERNMENTALDavid Robertsdroberts@mjcpa.com#32487Dave Jahoskydjahosky@mjcpa.com#77979Advisory services are designed to solve a problem – either proactively to prevent something from occurring in the future, or reactively when a problem has already occurred. Advisory services are wide-ranging in scope and each project is designed to meet each clientʼs specific need. There is no defined rule book or defined criteria for completing advisory projects, but our intention is to provide the client with multiple options and recommendations in a value-added format to solve their problems. The Government Advisory Practice can assist with almost any need from solving small-isolated issues to large government-wide issues. The Government Advisory Practice can assist your clients when any of the following situations are applicable (the list is not exhaustive):The need to better understand current operations and develop a “current state” baseline – very common when there has been changes in leadership/managementA desire to assess and enhance operations and performance (people, process, and technology)Strategically wanting to prepare for the future and ensure sustainabilityHaving to solve the problem of “doing more with less”Ensuring compliance with applicable federal/state/local governing laws, regulations, etc.A D V A N C I N G A D V I S O R Y - I N D U S T R I E S| 0 3Addressing a specic needProviding an understanding or baseline of operationsProactively helping governments become more strategicHelping governments modernize operationOen clients have isolated problems where the root cause needs to be identified and processes altered to help ensure the problem does not occur again. Oen clients donʼt understand the day-to-day operational processes and management decisions that occur and they desire a “health check” to learn how operations are occurring and how they can be improved (or receive validation that operations are sound).Oen clients may not have a formal strategic plan or departmental plans that support the governmentʼs mission. Clients oen donʼt measure performance against goals or leverage existing data.Oen clients recognize that their systems and business process are outdated and want to change the way they do business.As examples, Client X did not make insurance payments for 4 months; or Client Y wants to change their budget methodology.As examples, Client X has had a change in executive leadership and they desire an operational assessment to learn the “good, bad, and ugly” of what they are now responsible for; or Client Y has had issues with its Finance department producing timely and credible information and they want to better understand what the underlying issues are.As examples, Client X wants to develop government-wide and departmental goals and have methods to measure performance through defined key performance indicators; or Client Y wants to create dashboard reporting for all departments so executives can quickly ascertain performance and make changes as needed, or Client Z wants to replace manual processes with technology.As examples, Client X still performs payroll internally, issues paper checks, and wants to look at outsourcing or more technological solutions; or Client Y wants to implement a new financial system and needs assistance with the requirements definition and RFP development/management.Kate Russelkrussel@mjcpa.com#36783Adam Fraleyafraley@mjcpa.com#36771

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Tax Planning & AssessmentsIncluding Unrelated Business Income Tax (UBIT) studies and Tax ComplianceAgreed Upon ProceduresFor Higher Education and K-12A D V A N C I N G A D V I S O R Y - I N D U S T R I E S| 0 7Software ImplementationUniversity system in need of accounting resourcesSFA (Student Financial Aid) difficultyOrganizational financial reporting issuesOutsourced Accounting ServicesGrant ComplianceAffordable Care Act (ACA) Reporting and ComplianceEDUCATIONTim Lyonstlyons@mjcpa.com#68807Jon Schultzjschultz@mjcpa.com#37721Other Risk ManagementStrategic & Financial ConsultingInternal Controls & CybersecurityJon Hightowerjdhightower@mjcpa.com#68807

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1. We are heavily involved with LeadingAge Georgia, LeadingAge Southeast (statewide association of nonprofit healthcare providers in nursing facilities, home-based care, hospice services and more), and the Georgia Health Care Association (statewide association of long-term and post-acute providers, mainly for-profit entities) through sponsorships, speaking engagements, board service, and marketing exhibits.2. Provide services to over 300 healthcare entities firm-wide.3. Specialize in providing services to the long-term care industry, hospices, continuing care retirement communities (life plan communities), nonprofit healthcare providers, and physician practices.A D V A N C I N G A D V I S O R Y - I N D U S T R I E S| 0 8H E A LT H C A R EJeff Fucitojfucito@mjcpa.com#35434Linda Cortylcorty@mjcpa.com#28023David Splittgerberdsplittgerber@mjcpa.com#61781Ross Cannonrcannon@mjcpa.com#35458Financial statement audits on HUD-insured loans for skilled nursing facilities.Medicare and Medicaid Cost Report Preparation Outsourced general ledger, bookkeeping, etc. through our CAS teamMedicare and Medicaid outsourced billing through Linda’s teamMedicare and Medicaid reimbursement consultingHealth & Human Services (HHS)Medical practice billing, practice management/oversight, and tax preparation and planning

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A D V A N C I N G A D V I S O R Y - S E R V I C E S| 0 9MJ CFO NAVIGATORNeeds access to qualified CFO and accounting services but does not need full-time.Custom-made solution.•Growth profile - if growing, they have growth challenges and need a higher level of financial insight.•A disconnect between CEO and senior staff or Board on financial implications.•Slow-moving on audits and PBC list.•Poor internal financial reporting.•A tax-only client•Outsourced CFO, Controller & Accounting ServicesStrategic Financial PlanningAudit Preparation AssistanceDashboard Reporting & Implication AnalysisCapital Campaign Impact AnalysisAssistance in Formulating Fiscal ProcessesDeveloping Ideal Debt Structure & FacilitationStreamline Board of Finance Meeting PreparationManaging Fiscal Closing ProcessTailored Forecast ModelsAccounting SolutionsProject Management & FacilitationAccounting Ofce FunctionsBrandon Smithbrsmith@mjcpa.com#37737Robert Stephensrstephens@mjcpa.com#35492Megan Mangrummmangrum@mjcpa.com#28019

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A D V A N C I N G A D V I S O R Y - S E R V I C E S| 1 0M J C O R P O R AT E F I N A N C ETom Houlihanthoulihan@mjcpa.com#35483From the initial arrangement and evaluation of a potential transaction through closing and beyond, we identify risk, minimize tax exposure, and maximize value creation. Our multi-disciplinary approach combines industry expertise, fundamental financial competency, accounting, and tax expertise to assess key deal drivers. We provide clients with all of the information necessary to make informed business decisions throughout the transaction lifecycle.Strategic Business Planning•Succession/Exit Strategy Consulting•Buy-sell Agreements & Business Valuation Issues•Litigation Support•Provide Expert Witness Testimony•Fraud Investigation•Estate & Gift Tax Valuations•Fair Value Reporting•Goodwill Impairment •Valuation Disputes•Transaction Support•Economic Damages•Business Analytics•Jeremy Blackburnjblackburn@mjcpa.com#46886Todd Daileytdailey@mjcpa.com#61791

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Our banking compliance services niche has been growing steadily for the past three years.  We have added new staff to support the ever-expanding need and to help leverage some of the work.  We have started teaching and/or speaking at bank association compliance trainings and will be teaching at the Alabama Banking School this summer.  We manage approximately 40 clients overall with more than 90 total engagements among them. In between client engagements and teaching, we also attend CPE to keep up our certifications (CRCM – Certified Regulatory Compliance Manager and CAMS – Certified Anti-Money Laundering Specialist).A D V A N C I N G A D V I S O R Y - S E R V I C E S| 1 1C O M P L I A N C E / R I S KBill Curtisbcurtis@mjcpa.com#52898Emily Dentedent@mjcpa.com#13625Bank Secrecy Act and Anti-Money Laundering Independent TestingBSA/AML Software ValidationsConsumer Deposit Compliance ReviewFair Lending ReviewsConsumer Loan Compliance ReviewsCompliance Monitoring ServicesRecent BSA or compliance regulatory issues•Delving into new or higher risk areas such as hemp or CBD customers, mortgage operations or servicing•Implementation of new BSA/AML software•Change in compliance management team•Inexperienced compliance or BSA officer•Understaffed compliance or BSA department•

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LOAN QUALITY REVIEW SERVICESThe credit team has grown the credit and SBA practice into in a nationally recognized industry leader actively performed loan quality reviews from annual to quarterly for clients from De Novo Status to over $2 Billion in assets with regulatory approved scopes in mind. Review scopes are custom to each ﬁnancial institution needs and adaptive to the current economic environment. Additionally, the team has added new SBA services to include SBA SOP 7a program compliance reviews, CDC and SBA 504 loan program reviews.  These  regulatory readiness reviews to help SBA lenders protect their guarantees and ensures they stay in compliance with program guidelines. Joseph and Jayhave assisted inmultipleM&A deals for credit due diligence on the buy side for potential asset valuations over the past few years. These projects have been from New Jersey all the way to Florida. Lastly, they have performed some special targeted reviews for such things as CRE concentrations, target risk assessments for loan speciﬁc needs.A D V A N C I N G A D V I S O R Y - S E R V I C E S| 1 2Jay Lucasjlucas@mjcpa.com678-520-8863Joseph McCainjmccain@mjcpa.comLoan Quality ReviewsSBA SOP ComplianceSBA 7a, 504 and USDA•Specialized Credit ReviewsMergers and Acquisitions (Credit Due-Diligence)

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INFORMATION TECHNOLOGYIT Assessments, Examinations, & AuditsGovernance, Risk & ComplianceCybersecurityTechnical IT Security ServicesSystem & Organization Controls (SOC) Reporting•NIST Cybersecurity Framework Assessments•HITRUST Common Security Framework Assessments•Vulnerability Assessments•Internal and External Penetration Testing•Social Engineering Campaigns•IT General & Application Controls Testing (SOX/404 & FDICIA)•Outsourced Internal Audit•Enterprise Risk Management•We have a large (and growing) team of IT Advisory Professionals throughout the rm, in Chattanooga, TN, Atlanta, GA, Bradenton, FL, Charlotte, NC, and Raleigh, NC. Our specialists have a variety of experience and expertise and can help with a wide range of IT Advisory needs.Professionals certications include combinations of:- Certied Public Accountant (CPA)- Certied Information Systems Auditor (CISA)- Certied Information Systems Security Professional (CISSP)- Certied Information Security Manager (CISM)- Registered Practitioner- Certied in Risk and Information Systems Control (CRISC)- Certied CSF Professional (CCSFP)- Certied HITRUST Quality Professional (CHQP)- Certied Ethical Hacker (CEH)- Certied CMMC Professional (CCP)IT Assessments, Examinations, & AuditsGovernance, Risk & Compliance System & Organization Controls (SOC) Reporting•HITRUST Common Security Framework Assessments•NIST Cybersecurity Framework Assessments• IT General & Application Controls Testing (SOX/404 & FDICIA)•Outsourced Internal Audit•Enterprise Risk Management•Technical IT Security Services Cybersecurity Maturity Model Certication (CMMC) Implementation Consulting Vulnerability Assessments•Internal and External Penetration Testing•Social Engineering Campaigns •NIST 800-171 Implementation Consulting•Other IT/Cybersecurity ServicesVirtual CIO and CISO services• IT services and software selection assistance•Disaster Recovery Planning assistance•Incident Response Planning/Testing•Security Awareness Testing/Consulting•Jameson Millerjmiller@mjcpa.com#81380Brandon Smithbrsmith@mjcpa.com#37737A D V A N C I N G A D V I S O R Y - S E R V I C E S| 1 3Jon Hightowerjdhightower@mjcpa.com#66906

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Vision – getting everyone 100% on the same page with where they are going and how they are going to get thereTraction – instilling discipline and accountability throughout the org so no matter where you go there are people executing on the visionHealthy – cohesive, functional, open and honest, fun-loving team – most are notNo theory, no magic pills, no flavor of the month. Just timeless principles that make organizations great.A unique combination of teaching, facilitating and coaching.A D V A N C I N G A D V I S O R Y - S E R V I C E S| 1 4EOSScott Smithsjsmith@mjcpa.com#46881Over 30,000 full-day sessions with Leadership Teams.PeopleLack of ControlLack of ProfitHItting the CeilingNothing seems to be working

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A D V A N C I N G A D V I S O R Y - T A X| 1 5SPECIALTY TAXBusinesses with multiple locations may be overpaying their property taxes or out of compliance due to complicated filing requirements. •Businesses selling products and/or services across jurisdictions are at risk for sales and use tax liabilties, over/under reporting, and an increase in tax audits.•Locations in multiple states often provide additional tax credits and incentives available to the business that are often overlooked•Property TaxState And Local Tax ServicesTax Credit PlanningRon Marshallrmarshall@mjcpa.com#28043Business Personal Property Tax Return Filing Services •Property Tax payment initiation services•Assessment & Tax Bill resolution•Ghost Asset reviews•Fixed asset data cleansing•Many businesses arenʼt even aware that they are overpaying because of inaccurate valuations or duplicate assessments on a single asset. They may even be paying taxes each year on real property that should be exempt from taxation.Sales and Use Tax Compliance ServicesNexus StudyCredits and IncentivesInternal Compliance Process ReviewsSales and Use Taxability MatricesVoluntary Disclosure Agreements (VDA)Multiple Business Locations •Assets in multiple locations•Customers in multiple states•Retail sales of soware or Tangible Personal Property (TPP)•Jeff Dorrisjdorris@mjcpa.com#36775

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IRS Notices with penalties assessed for late filing or incorrect Forms W2/W3•IRS Notices with penalties assessed for late filing or incorrect Forms 1099-MISC or 1099-NEC•IRS Notices with penalties assessed for late filing of ACA Forms 1094-C and 1095-C•IRS Notices with penalties assessed for late filing Forms 941•IRS Notices with penalties assessed for late payment of payroll deposits•IRS Notices with penalties assessed for missing or incorrect Schedules B (Forms 941)•IRS Notices for tax credit issues•Georgia Department of Revenue Notices for late filing or late payment issues concerning payroll forms•Georgia Department of Labor Notices for late filing or payment issues •A D V A N C I N G A D V I S O R Y - T A X| 1 6TA X C O N T R O V E R S Y Maggie Wadsworthmwadsworth@mjcpa.com#34185Charlotte Waycway@mjcpa.com#26967Respond to IRS and state payment and collection notices•Respond toACA reporting penalty assessments •Respond to Form 941 late ﬁling and late deposit payment penalty assessments •Respond to employee payroll information returns late ﬁling penalty assessments•Respond to Georgia Department of Revenue penalty assessments for late ﬁling•Prepare and defend reasonable cause penalty abatement requests•Penalty negotiations and abatements, including IRS Appeals representation•WH AT ARE TA X C ONT ROV ERS Y A DVI SOR Y S ERV ICE S & WH EN AR E T HEY NE EDE D?Tax Controversy advisory services provide assistance with IRS and State notices received for payroll forms prepared by clients internally. We are a full service tax practice, and our tax assistance extends to helping the accounting departments of our clients with tax matters that arise. We are here to advise our clients on responding to IRS notices, and assist with penalty removal and resolution of your tax controversy matters.EX AMP LES OF AD VIS ORY AN D R ESO LUT ION SE RVI CES PR OVI DEDPenalties removed Forms W2/W3 ranging from $11,990 - $1,449,140•Penalties removed Forms 1099 ranging from $28,280 - $52,280•Penalties removed Forms 1094-C/1095-C ranging from $165,240 - $2,129,000•Penalties removed Forms 941 ranging from $2448 - $724,470•Penalties removed for ESRP payments ranging from $6,112 - $230,625•

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Inbound and outbound international tax planning, to fully realize global opportunities•Global business expansion/retraction strategizing to optimize organizational structure•Transaction advisory services to contain risk when acquiring/disposing of operations •Treaty analysis to avoid Permanent Establishment creation and reduce withholding taxes•Foreign tax credit planning to mitigate double taxation from foreign jurisdictions•U.S. expatriate guidance to ameliorate employment taxes related to overseas assignments•Examining foreign-involved trusts, estates, and gifts to minimize taxes on U.S. beneficiaries•Analyzing state & local tax laws to mitigate the consequences of international activities•Preparing all required foreign and domestic tax filings and financial reportings•A D V A N C I N G A D V I S O R Y - T A X| 1 7Transfer Pricing Compliance:•Multinational corporations that engage in transactions between related entities in different countries need to comply with transfer pricing regulations. These regulations ensure that transactions are conducted at arm's length and are properly documented to avoid penalties and double taxation.•Global Mobility of Employees:•When businesses send employees to work in foreign countries, they must manage the complex tax implications for both the employees and the company. This includes managing tax residency issues, social security agreements, and ensuring compliance with tax obligations in both the home and host countries.•I N T E R N AT I O N A L TA XWilliam Robertswroberts@mjcpa.com#52888Cross-Border Business Expansion:•Companies expanding their operations into new international markets often need specialized tax advice. This includes understanding the tax implications in the new jurisdiction, structuring the business to optimize tax efficiency, and ensuring compliance with local tax laws.•Ron Marshallrmarshall@mjcpa.com#28043

Advancing Advisory booklet

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