Consulting

Consulting

Our firm's tax group offers a complete range of consulting services.

Healthcare
Business Consulting

At Chilton & Medley, our ChiMed Healthcare Business Consulting team is focused on the business of healthcare. We bring our experience, expertise and dedication to a range of services designed specifically for the unique needs of healthcare businesses. Our consulting services include:

revenue cycle reengineering
specialized litigation support
coding and billing compliance
operations reviews
contract negotiations
reimbursement audits
dashboard reporting

As businesses evolve through various cycles, it becomes important to monitor their value. Chilton & Medley business valuation professionals have specialized certification including ABV (Accredited in Business Valuation), recognized by the American Institute of Certified Public Accountants, and CVA (Certified Valuation Analyst), recognized by the National Association of Certified Valuation Analysts. The valuation team at Chilton & Medley has significant practical experience in performing these engagements, including expert litigation skills and analysis of facts and alternatives. The result may be an expert, objective opinion of value used in the courtroom or it may be assistance to other experts or attorneys who use the advice in forming their cases.

Chilton & Medley can provide its business valuation expertise to assist with the following:

estate and gift tax planning
income tax representation
buy/sell agreements
shareholder disputes
family limited partnerships
purchase, sale and mergers of businesses
marital dissolution (property settlement negotiations)
litigation support

Chilton & Medley offers comprehensive consulting services for mergers and acquisitions. Our expertise includes:

Offering memoranda (management discussion and analysis, selected financial data)
Due diligence procedures on behalf of buyers/sellers for acquisition activities
Due diligence activities with engineers, attorneys, actuaries and other specialists
Carve-outs and purchase accounting, as well discontinued operations accounting
Assistance in the tender offer process
Assistance for the lender’s due diligence process
Assistance with procurement of public debt placement for financing acquisitions
Acquisition integration experience
Private debt and equity offerings
Working capital settlements
SEC registration statement preparation
SEC filings
Initial public offerings
SEC comment letter resolution

New businesses require special attention when it comes to start-up details. Chilton & Medley provides advice and assistance with properly forming a new business, including:

Registration of a company with all taxing authorities
Appropriate entity structure for the company and investors in the new company
Mergers & acquisitions to structure the best transaction for both economic and tax advantages
Feasibility studies for potential new businesses, writing and/or evaluating business plans
Research and recommendation for accounting software selection, installation, training and support
Payroll tax filing information
Market-based pricing for employees
Tax and accounting implications on the owners/managers personal finances and tax responsibilities

Businesses of every type and size are vulnerable to fraud. Chilton & Medley fraud prevention and examination professionals have specialized certification, including CFE (Certified Fraud Examiner) and offer the expertise to detect and reduce the risk of fraud in for-profit and not-for-profit businesses. Chilton & Medley can:

Investigate the occurrence of fraud and estimated loss through such fraud
Examine internal controls for potential points of fraud
Conduct data mining for suspicious patterns of payments
Set up internal controls to limit fraud potential
Provide periodic review to monitor for control compliance

Chilton & Medley can assist and advise businesses in the evaluation of their internal control environment. Our expertise provides:

An understanding of internal control elements and operational effectiveness
Assistance to strengthen control environment and help reduce the risk of fraud and material error
Identification and implementation of business opportunities to improve profits and reduce business risks
Formal and informal reporting, as necessary, to monitor results

Chilton & Medley works directly with clients and attorneys to provide specialized valuation, analysis and negotiation services related to property settlements. Our expertise includes:

Determining the optimum level of maintenance
Valuations of businesses owned by both parties
Assistance in determining financial status before and after dissolution
Tax planning
Negotiating payment patterns
Collaborative divorce engagements

Chilton & Medley can analyze the cost of commercial and industrial buildings and other large construction projects to determine present value within specific tax categories and advise as to the optimal tax benefits. We use specialized expertise to determine proper categories of costs and apply values to each component. We then analyze the tax effects of the categorization and recommend tax elections and methods to maximize the benefits.

Potential tax savings may exist in the following situations:

New buildings currently under construction
Existing buildings undergoing renovation, remodeling, restoration or expansion
Purchases of existing buildings
Office leasehold improvements
Existing buildings where no cost segregation study was performed at the time of purchase

By allocating the acquisition or construction costs of a building between real and personal property, based on case law and IRS guidance, a cost segregation study allows investors to reduce their current income tax liability and increase their after-tax cash flows from the property.

Working with our clients, Chilton & Medley provides education and project management support to companies that require a SAS 70 audit. Using our proprietary SAS 70 audit methodology and related software, we provide a cost-effective solution and report to clients, which can provide a competitive advantage to the service organization. Chilton & Medley's approach includes:

Identifying and understanding the clients' various processes and service organizations
Testing the design and operational effectiveness of internal controls
Providing Best Practice control recommendations, business observations and process efficiency opportunities

Chilton & Medley provides "second firm" assistance to publicly registered companies in compliance to Sarbanes Oxley Section 404. This includes:

An assessment of the strengths and weaknesses in regards to internal control policy and procedures over financial reporting
Technical accounting assistance
Support in developing and drafting GAAP compliant accounting procedures

In addition, Chilton & Medley assists publicly registered companies with due diligence investigation, valuations and tax research and return preparation.

Transition of a business to another generation or another investor group is typically the most difficult project a business owner undertakes. The decision takes many hours of thought and analysis to ensure success for both the seller and the buyer, or the giver and the recipient. Tax implications are important because of the economics of the transfer. Long-term economic considerations also are essential for success of the project. The professionals at Chilton & Medley have experience in dealing with these issues for a variety of clients and situations. They work as a team, drawing upon the expertise of members of our tax team and the experienced engagement team. Experts outside the firm may also be called upon as needed including business psychologists. The result is a thoughtful plan with the appropriate amount of economic and tax as well as personal preference considerations.

Strategic Planning and
Business Coaching

Chilton & Medley works directly with business clients to help them reach their specific and unique objectives. These consulting engagements range from a complete overview of the industry, market and/or organization (including a review of the organizational governance, market plan and team dynamics) to a one-day leadership retreat for key personnel. Such engagements can give your company a targeted and concise strategic plan that can be used as an organizational guidepost and provide a foundation/structure for strategic planning in subsequent years. In addition, Chilton & Medley is available for a variety of other business assistance and services, including helping to fill key leadership and management positions, as well as periodic coaching to facilitate reaching company objectives.

Retirement Plan
and Design

Chilton & Medley assists individuals and employers in designing and implementing retirement plans that fit your specific retirement goals, lifestyle and timetable. In addition, Chilton & Medley provides complete administration for 401(k) and profit sharing plans, including 5500 tax returns and year-end reports to your company management, as well as to the plan participants. Additionally, compliance testing by Chilton & Medley ensures your company and its employees comply with ERISA and other tax rules and regulations specific to your retirement plan.

Chilton & Medley assists middle market companies, attorneys and many of our existing clients on state and local tax issues. Our team approach, experience and depth of knowledge in this area set us apart from others. Our services include:

sales and use tax saving ideas
state income tax credit planning
multi-state planning and compliance
examination representation