2. Table of Contents
โข Firm Profile
โ Baker Tilly International
โ ParenteBeard Footprint
โข Practice Groups and Leaders
โข ParenteBeard Value Proposition
โข Our Approach to Services
โข Flexible, Cost-Effective Fees
โข Our Client Service Commitment
โข Contact Information
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3. Firm Profile
โข Headquarters: Philadelphia, PA
โข Ranking: Top 25 CPA firm in the United States
โ One of the 10 fastest growing CPA, tax and business consulting firms in the country
โข Locations: 20 offices in Pennsylvania, New York, New Jersey, Delaware,
Maryland and Texas
โข Total Team Members: 1,100
โข Partners: More than 144
โข Net Revenues: Approximately $175 million
โข Professional Affiliations:
โ American Institute of Certified Public Accountants (AICPA)
โ Public Company Accounting Oversight Board (PCAOB)
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4. Firm Profile (continued)
โข Significant industry-specific expertise
โข Firm wide Technical Quality Control Department
โข Active involvement of senior executives
โข National firm resources at regional firm cost
โข Deeper resources
โข Client Service Commitment
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5. Baker Tilly International
โข Global Resources: Independent Member of Baker Tilly International
โ Membership network of 149 accounting and consulting firms
โ 8th largest accounting and business advisory network in the world by combined
revenue
โ US $3.2bn โ combined revenue
โ 24,000 staff worldwide in 125 countries
โ Provides immediate access to professionals with expertise worldwide
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6. International Services From Your Local
Office โ Baker Tilly International
North America Latin America Europe, Middle East and Africa Asia Pacific
Bahamas Argentina Albania Isle of Man Oman Australia
Belize Brazil Algeria Israel Poland Bangladesh
Bermuda Chile Andorra Italy Portugal Cambodia
Armenia Ivory Coast Qatar China
British Virgin Colombia
Austria Jersey (Channel Romania Hong Kong
Islands Costa Rica
Azerbaijan Islands) Russia India
Canada Dominican Republic
Belgium Jordan Saudi Arabia Indonesia
Cayman Islands Ecuador Belarus Kazakhstan Senegal
Netherlands El Salvador Japan
Bulgaria Kenya Serbia Korea
Antilles Guatemala Cameroon Kuwait Slovakia Macau
Puerto Rico Mexico Croatia Latvia South Africa Malaysia
Trinidad & Tobago Panama Cyprus Lebanon Spain Maldives
United States Paraguay Czech Republic Libya Sudan Mauritius
Uruguay Denmark Liechtenstein Sweden Mongolia
Venezuela Egypt Lithuania Switzerland Nepal
Estonia Luxembourg Tanzania New Zealand
Finland Macedonia (FYR) Tunisia Pakistan
France Madagascar Turkey Philippines
Georgia Malta UAE Seychelles
Germany Moldova Uganda Singapore
Gibraltar Morocco Ukraine Sri Lanka
Greece The Netherlands United Kingdom Taiwan
Hungary Nigeria Uzbekistan Thailand
Iraq Norway Zambia Vietnam
Ireland Zimbabwe
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8. Practice Groups and Leaders
Practice Group Leader
Baker Tilly International (Liaison) Kervin Meyer
Construction & Real Estate Keith Eldridge
Corporate Governance & Risk Management Mary Meyers
Non-Profit Consulting (Dewey & Kaye) Kate Dewey
Emerging Growth Business Mark Nicastro
Employee Benefit Plan Donna Massanova
Energy & Utilities James Nowoswiat
Financial Institutions Terry Lehman
Forensic Litigation & Valuation Services Glenn Newman
Healthcare Lou Feuerstein
Insurance Ken Hugendubler
International Tax Joseph OโNeill
Investment Banking (Curtis Financial Group) Kevin Rudd
Manufacturing, Distribution & Technology Jeffrey Vrabel
ParenteBeard Wealth Management Tom Williams
Public Sector (Education, Government and Nonprofit) Dave Capitano
Senior Living Services Mark Ross
Small Business Services John Nealon
Tax Compliance / Consulting Joseph O'Neill
Technology & Software Tom Roberts
Transaction Advisory Services Mario Patone
HR Consulting (Vantagen) Kim Wylam
XBRL Services John Swirsding
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9. Our Value Proposition
โข ParenteBeard Offers
โ Continued presence as a top 25 U.S. CPA and business advisory firm
โ Global access to specialized services and resources
โ Leading tax savings ideas and strategies
โ Our position as a regional leader in serving a wide range of clients
โข ParenteBeard Delivers
โ Technical and financial expertise that you need to realize your business goals
โข Decades of experience in a wide-range of industries
โ Personal relationships with actively involved partners
โ The resources to deliver customized services
โ Investors know that when they see ParenteBeardโs name on the financials, there is
substance behind it
โ Reputation required by business partners and public markets
โ Our team instills confidence in shareholders, customers, employees and investors
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10. Our Approach to Services
โข Innovative business advisory approach to audit &
accounting services, integrated with tax strategies and
resources
โข Understanding of our clientsโ operations, business strategies
and philosophies
โข Connecting and communicating with our clients
โ Adds value to our clients and provides the security of an optimum
relationship
โข Close partner and manager involvement in every aspect of
the engagement โ from planning through financial reporting
through all compliance filings
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11. Audit & Accounting Services
โข Provide audit & accounting services to clients domestically and
worldwide
โ Audits, reviews and compilations
โ US GAAP and IFRS
โข Serve a wide range of industries / sectors
โข Fully automated approach
โ Reduces impact on client operations
โ Maximizes efficiency
โข Extensive use of technology to deliver industry leading professional
service
โ ProSystem fx Engagement
โ IDEA software
โข Registered with the Public Company Accounting Oversight Board
(PCAOB)
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12. Tax Services
โข Tax Expertise
โข Approximately 300 tax professional firm wide
โ More than 100 at a level of manager or above
โข Prepare multi-state tax returns
โ Business operations in all 50 states
โข Monitor legislative, regulatory and judicial developments
โ Income, franchise, gross receipts, personal property, local payroll and sales tax matters in each
state
โข Selected other services:
โ Income tax provision preparation
โ State Nexus reviews
โ State voluntary disclosure negotiations
โ Business expansion planning (incentives and credits)
โ International tax services
โ Transaction services (acquisition and disposition due diligence)
โ Tax controversy (administrative tax appeals)
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13. International Tax Services
โข International Tax
โ Extensive in-house capabilities
โ Resources in 125 countries (Baker Tilly International)
โ Service multi-national and foreign-owned business clients
โ Help clients save millions of dollars annually
โข Develop and implement cross-border investment and finance
strategies
โ Develop proactive cross-border transfer pricing strategies
โ Identify potential R&D cost sharing arrangements and implications
of buy-in payments
โ Provide up-to-date advice regarding developments in:
โข International tax compliance requirements, tax rate changes, global
transfer price audit issues, etc.
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14. Exempt Organization Tax Services
โข Nonprofit Tax Expertise
โ We prepare nearly 1,000 Form 990โs each year
โ Provide support to the audit team for financial statement related tax
matters, including FIN 48 analysis and โTax Checkupโ/Review
โ Analyze new laws and regulations and communicate impact on a
timely basis throughout the year using our Electronic Tax Alerts
โ Provide education on emerging tax issues such as the new Form
990 and the numerous charity care regulatory proposals
โ Timely and responsive resource for routine and non-routine tax
questions and concerns (UBIT, Preservation of tax-exempt status,
payroll taxes)
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15. Tax Checkup
โข We conduct a โTax Checkupโ for our clients every several
years
โข Our annual โTax Checkupโ allows us to
โ Provide our clients with a fresh look at federal and state tax issues
โ Provide client access to partner on site to review any outstanding
tax issues
โ Conduct a review focused on (amount other things)
โข Unrelated business income tax activity to assess opportunity to reduce
liability/exposure
โข Review policies (e.g. expense reimbursement, conflicts of interest, fundraising)
to assess compliance with statutory and other authorities
โข Review key documents (articles, by-laws, leases partnership arrangements)
โข Review compensation policies and arrangements (including deferred
compensation, rebuttable presumption)
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16. Employee Benefit Plan Audit Services
โข Employee Benefit Plan Practice is one of the fastest
growing service lines within our Assurance practice
โข Currently provide audit services for over 800 employee
benefit plans each year
โข Clients represent a cross-section of
โ Defined contribution
โ Defined benefit
โ Health and welfare
โ Employee stock ownership (ESOP
โ Multi-employer
โข Assets of plans range in size from $200,000 to more than
$2.4 billion
โข Ranked 9th in the nation amongst firms who serve SEC
clients
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17. Internal Audit Services
โข Corporate Governance & Risk Management
โ Internal audit focuses on highest risk and/or key areas of oversight
โข Services
โ Full outsourcing
โข Full service partnership reporting to your audit committee and management
โ Co-sourcing
โข Address specific project, industry or technical audit needs
โข Fill in for temporary staff shortages
โ Operational/financial internal audits
โข Payroll processing, cash handling, procurement and accounts payable
โ Compliance reviews
โข SOX, privacy and corporate governance
โ Information Technology reviews
โข General controls and application reviews, disaster recovery planning, change
management, vulnerability assessments and system conversions
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19. Forensic Accounting / Construction
Disputes
โข Forensic, Litigation & Valuation Services (FLVS)
โ Practice consists of more than 50 professionals
โ Several members have over 20 years experience in the construction industry
โข Construction
โ Assist clients in quantifying construction costs and performing investigations on a
variety of construction and litigation matters ranging in values from $1 million to in
excess of $1 billion
โ Assist owners, contractors, subcontractors, lenders, sureties and creditors in a
multitude of certifications, disputes and billing situations
โข Provide services related to the following construction matters
โ Delay, disruption and acceleration damages
โ Project cost overruns
โ Unsubstantiated costs
โ Scope changes and extra work
โ Internal control issues
โ Errors and omissions
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20. Emerging Growth Business Services
โข Emerging growth businesses are often small businesses with big business issues. Little infrastructure
combined with multistate, if not international, business plans create issues that are often beyond the
ability of the entrepreneur to address while still building the business. Our EGB can help with:
โข Accounting & Advisory
โ Start up services
โ Entity classification Incubator Stage
โข Ideas/Concepts
โ Record keeping assistance โข Formation
โข Attest & Assurance โข Accounting Services
โข Tax Services
โ Audit
โ SAS 70
โ Agreed-upon procedures Decision/Exit Stage
โข IPO
โ Conflict of interest review
โข Continue Privately
โข Investment Banking
โ Capital raising (equity and debt)
Owned
โข Sale
Business Growth Stage
โข Capital Needs
โ Buy-side acquisitions Life Cycle โข Audited Financials
โข IT Needs
โ Eventual sell-side โข HR Needs
โข Taxes
โ Individual owners
โ Partnership and Corporate
Business Expansion
โ Multi-State โข Mergers &
โ International Acquisitions
โข Internal Plans
โ Mergers and Acquisitions
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21. Transaction Advisory Services
ParenteBeard assists
clients throughout the
transaction lifecycle -
from concept initiation
to exit.
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22. Defining Characteristics
โข ParenteBeard delivers Transaction Advisory Services
(TAS) with seasoned deal professionals
โข Senior TAS financial and tax diligence resources trained in
Big Four TAS practices
โข Experienced in serving small to mega private equity funds,
and companies from privately-held to public corporations
โข Hands-on involvement by experienced professionals on
every deal
โข Full complement of ParenteBeard financial, accounting, tax
and advisory services combined with deep industry
experience to assist with every transaction
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23. Transaction Advisory Services
โข Buy-Side Services
โ Assist buyer with analysis of historical and forecasted earnings, cash flows and
quality of assets
โ Provide transaction insights based on industry trends, knowledge and experience
โ Advise buyer on issues affecting the purchase agreement
โ Identify tax implications, including tax savings opportunities and tax exposures
โ Support buyer in designing an efficient tax structure
โข Sell-Side Services
โ Conduct pre-deal reverse due diligence on seller to identify potential deal breakers
early
โ Assist seller in gathering information for the offering memorandum and initial
management presentation
โ Support seller in gathering information for the data room and managing buyerโs due
diligence requests
โ Advise seller on optimal tax structure
โ Provide input on the sale-purchase agreement
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24. Investment Banking - Mergers and
Acquisitions Services
โข Menu of Services
โ Financial Due Diligence
โ Tax Consulting & Structuring
โ Post-Merger Integration Plans
โ Compensation and Benefits Consulting
โ Information Technology
โ Corporate Finance Services
โข Investment Banking
โ Curtis Financial Group (affiliated investment banking firm)
โข Serves high quality middle market and growth companies
โ International and domestic public and private companies
ยป Owned by individuals, corporations, private equity or venture capital
โข Professionals bring more than 100 combined years of investment banking expertise
โข Closed hundreds of mergers and acquisitions in a vast array of industries and situations
โ Completed M&A transactions valued at more than $1.5 billion
โ Completed more than 100 fairness opinions and 1,000 valuations
โ Notable Deal
โข Assisted FL Smidth & Co. A/S (CPSE: FLS) with the valuation of 30 subsidiaries in 15
countries in connection with the acquisition of the Process Group of Groupe Laperriรจre &
Verreault Inc.
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25. Flexible, Cost-Effective and Value Based
Fees
โข In growing our business from highly satisfied clients, we
have learned that our clients desire input into their
professional services fees and the flexibility to manage
costs where possible
โข Our relationship models are more closely aligned with our
clientsโ value drivers
โข Co-development of fee structure
โข Fosters a more collaborative working relationship
โข Fee structure designed to provide a fair return for our high
quality, responsive services
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26. Our Client Service Commitment
โข Our Client Service Commitment exemplifies the firmโs focus
on delivering excellence and exceeding expectations.
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