WHY US

Clients & Industries

An impressive 89% of clients working with RBF are optimistic about the long-term prospects for their own businesses, according to a recent survey conducted for us by an independent research firm.

As for their satisfaction with us as their accounting firm, owners indicated overwhelming approval, with 91% reporting overall satisfaction with the quality of their relationship with RBF. Further, three-quarters (76%) said that we’ve had a positive impact on their businesses.

RBF has deep expertise in serving businesses in the following industries:

Construction

Whether it be a market upswing or downturn, the construction industry is often the first to experience the additional profits, losses, hiring and layoffs in the economy. Whether it be a growing economy or a slowing economy, RBF assists its many construction clients in how to plan for a downturn and grow in a thriving economy. From strategic business planning, proper job estimating and costing, to tax compliance, RBF helps to prepare the construction industry for the long term.

RBF works with a wide range of contractors. General construction to HVAC contractors to residential construction are just a few examples.

Some of the areas RBF can assist are:

  • Communicating with bonding companies, surety underwriters and banks
  • Determining allocation and capitalization of costs under IRS Sec 263(A) and Sec 460(C)
  • Understanding “look back” rules and their specific applications for tax savings
  • Assisting in creating project-tailored job costing systems
  • Assist with securing financing from traditional and nontraditional sources
  • Ensuring you are taking full advantage of tax credits specific to contractors
  • Ensuring your financial statements are accurate with regards to constantly changing accounting standards.

Download Construction Brochure

 

 

 

 

 

 

 

 

Family-Owned & Closely-Held Business

Emotional thinking. Compensation issues. Lack of a defined strategy. Limited talent. Continuity, transition and exist strategies. These problems can plague any business. Non-owner hired managers and executives of publicly-held businesses can leave them behind when they end the day’s work.

Family-owned and closely-held businesses are different. The dynamics that drive them are unique. RBF has long counseled generational businesses with insight and objectivity, assuring continued growth and success.

RBF Assists Family Businesses by:

  • Buy-sell Agreement and Phantom Stock Plan consulting
  • Exit and transition planning
  • Undertaking corporate income tax, pension and benefit planning
  • Developing tax strategies with owners’ attorneys, financial advisors
  • Conducting valuations of assets for family succession plans
  • Providing succession and estate planning to maintain business continuity
  • Identifying optimal tax benefit scenarios for charitable donations
  • Advising on ESOP and other employee compensation strategies
  • Providing crisis management, conflict resolution advice as needed

Download Family Business Brochure

 

 

 

 

 

 

 

 

Manufacturing

To survive the relentless pressures of the marketplace, manufacturers must constantly keep pace with the demand for quality improvement and innovation, while controlling costs – at all cost. RBF’s manufacturing clients benefit from our deep understanding of the many types of business challenges they face – from the ups and downs of a start-up, to the growing pains and transition issues of a mature company.

RBF Assists Manufacturing Businesses by:

  • Finding ways to minimize costs for healthcare and other benefits
  • Providing training to internal accounting department personnel
  • Setting up more efficient manufacturing cost reporting systems
  • Conducting valuation studies for buy-sell and family transition matters
  • Devising funding strategies using traditional and non-traditional resources
  • Identifying tax opportunities (domestic production activities deduction, cost-segregation studies, R&D credit analysis, 263a uniform capitalization optimization, and IC-DISC tax incentives)
  • Identifying actual costs of entering a new market or market segment
  • Communicating regulatory changes and explaining IFRS
  • Exploring financing options and opportunities
  • Managing state and international tax nexus and compliance

Download Manufacturing Brochure

 

 

 

 

 

 

 

 

Healthcare

RBF is the business healthcare provider for medical practices and Accountable Care Organizations (ACO).  By reviewing all of the industry, risk, and operational factors that affect practice financial performance, we guide clients in maintaining profitability. That way, they can focus on delivering the most compassionate, effective patient care at the same time as they build strong, sustainable enterprises.

RBF assists Healthcare sector companies by:

  • Developing corporate tax strategies and reporting
  • Creating realistic job descriptions and attractive compensation/bonus plans
  • Performing relocation analysis
  • Structuring equity interests for transaction or growth
  • Valuing the practice
  • Developing funding strategies for buy/sell agreements
  • Develop individual tax strategies and _____________
  • Sales and use tax considerations
  • Tax controversy / representation
  • Financial reporting to more effectively identify areas of opportunities and weakness.
  • Cash flow analysis and planning
  • Assist with purchasing a practice
  • On-boarding new partners
  • Assist with selling your practice

Download Healthcare Services Brochure

 

 

 

 

 

 

 

 

Not-for-Profit

RBF’s not-for profit clients are as diverse as the industry itself.  Private and charter schools, private foundations, day care centers, and member organizations are some of the types of not-for-profit organizations RBF has on its roster.

RBF knows how diverse each not for profit organization is, from its mission statement to internal accounting to financial reporting.   Further, increasing oversight from authoritative bodies has created funding sources which have become highly regulated for not-for –profit organizations, adding more complexities for Organizations to fulfill its mission.  RBF offers not only a full service approach, but sensitivity to what makes the not-for-profit organizations unique.

RBF Assists Not-for-profit Organizations with:

  • Compliance audits such as Uniform Financial Reports, Uniform Guidance and Financial Accounting Standard Board Requirements.
  • Financial statement reviews to meet state compliance requirements.
  • Financial statement presentation with board of directors or finance/audit committee
  • Budgeting, projections and forecasting
  • Cost allocations
  • Internal control assessment
  • Employee benefit plan consulting
  • Tax compliance including:
    • Federal Form 990 and state filings
    • Unrelated business income tax (UBIT) compliance
    • Excise tax planning for foundations
    • Tax credits
  • Fundraising sources and effectiveness
  • Industry benchmarking
  • Negotiations with lending sources
  • Board of directors education, training and organizing
  • Financial personnel recruitment
  • Serve as an audit liaison to an Organizations outside auditors

Download Nonprofit Brochure

 

 

 

 

 

 

 

 

Professional Services

Practitioners of law, engineering, architecture and other professions can look back on years of education and career development, only to realize that there was little time to study the business aspects of their chosen fields. It’s not only expertise that accounts for a successful practice; it takes good financial performance. Count on RBF’s guidance, and on the fact that we know first hand what it takes to build a thriving professional practice.

RBF assists Professional Services businesses by:

  • General accounting, record-keeping, reconciliation and financial reporting
  • Payroll management
  • Budgeting and cash flow projections
  • Tax structuring and reporting for practices and individuals
  • Funding strategies for buy/sell agreements
  • Benefit/compensation plans structuring
  • Recruitment and retention counsel
  • Industry benchmarking and performance metrics
  • Practice Valuations
  • Transaction advisory services

Download Professional Services Brochure

 

 

 

 

 

 

 

 

Real Estate

Virtually every aspect of acquiring, developing, holding, transferring and/or disposing of property has a tax implication. So, to be profitable and manage risk, every real estate stakeholder needs expert tax guidance.

Making sure that a sale, lease or transfer falls within a proper tax structure and the timing thereof can make all the difference in final cost and legal status. RBF’s long-term experience in real estate transactions has helped our real estate clients avoid pitfalls and enhance wealth building.

RBF assists Real Estate businesses by:

  • Advising on tax structures for ownership: Trust, C-corp, S-corp or LLC
  • Tax planning for land & property valuations, non-monetary compensation
  • Analyzing multiple tax scenarios for structuring development projects
  • Determining the tax impact of preservation restrictions on land transfers
  • Guiding, advising and developing timing considerations for cost-segregation studies
  • Performing cost segregation studies for multiple-property entities
  • Identifying optimal tax benefit scenarios on donations of real estate

Download Real Estate Services Brochure

 

 

 

 

 

 

 

 

Retail and Hospitality

Consumer spending patterns change over time, but never before as quickly as today. Even landmark retail and hospitality outlets must continue to evolve. Will trimming expenditures and restructuring executive pay help? When is the best time to enter new markets? Shed a service or product line? Re-engineer a product or service offering? What is the best way to ride the wave of disruptive technologies?

RBF can help assess the risks and rewards of adjustments in business planning while safeguarding your assets in this critical market sector. We can help make sense of chaos, because we’ve seen others in various stages of growth and development. And we understand the need to match resources to solutions.

RBF assists Retail and Hospitality companies by:

  • Proper store/location analysis
  • Quantifying profitability per customer type or market segment
  • Industry benchmarking and performance metrics
  • Budgeting, projections and cash flow forecasting
  • Identifying actual costs of entering a new market or market segment
  • Undertaking corporate income tax, pension and benefit planning
  • Developing tax strategies
  • Providing succession and estate planning to maintain business continuity
  • Advising on ESOP and other employee compensation strategies
  • Providing crisis management, conflict resolution advice as needed
  • Finding ways to minimize costs for healthcare and other benefits
  • Providing training to internal accounting department personnel
  • Setting up more efficient reporting systems
  • Negotiations with lending sources
  • Devising funding strategies using traditional and non-traditional resources
  • Creating realistic job descriptions and attractive compensation/bonus plans
  • Financial personnel recruitment and retention counsel

 

Wholesale Distribution

The wholesale distribution industry makes things work in our economy. Yet keeping a distribution business healthy takes manipulating a very complex and dynamic set of economic and operational relationships. From overseeing supply chain logistics to managing branches and inventory, setting pricing strategy to incentivizing sales teams, achieving success can be as demanding as it is uncertain.

RBF helps distributorships minimize risk and enhance profit, whether by attracting capital from investors and lenders, deflecting market threats such as consolidation and the Internet, or better understanding the buying habits of markets and customers.

RBF assists Wholesale Distributors by:

  • Advising on the nuances of multi-state tax laws, including Internet sales
  • Advising on distributor vs. agency arrangements, including related inventory issues
  • Assisting with internal accounting issues between general ledger and inventory systems
  • Assisting with producing income statement budgets and cash flow projections for expansion into various product lines
  • Devising funding strategies using traditional and non-traditional resources

Download Wholesale Services Brochure

 

 

 

 

 

 

 

 

Life Sciences

Life Sciences companies operate in a complex, highly regulated, unique environment, and the challenges faced can seem daunting. Whether you are managing the growing pains of a startup, the challenges of rapid growth or managing a transition associated with an investment or sale, we will work closely with you to understand your goals and strategy and help you grow your business.

At RBF, our life sciences team can offer insight and tips for developing effective commercial and investment strategies in today’s market to attract equity investment and balance the inherent risks in developing a new idea. We will help you manage your cash flow to reach the next milestone

Our services for Life Sciences companies include:

  • Outsourced Finance and Accounting
  • Program and project cost tracking
  • Long-term forecasting
  • Product net present value analysis
  • Government or foundation grant applications and compliance
  • Tax compliance
  • Tax consulting and tax planning
  • State and local tax compliance, including sales tax matters
  • Mergers and acquisitions
  • Due diligence services
  • Revenue Recognition
  • Business consulting services
  • Financial Software
  • Assurance services such as audit and reviews

Download Life Sciences/Biotechnology Brochure

 

 

 

 

 

 

 

 

Technology

Technology companies operate in a fast-paced, unique environment and the challenges faced can be as varied and complex as the products you develop. Whether you are managing the growing pains of a startup, the challenges of rapid growth or managing a transition associated with an investment or sale, we will work closely with you to understand your goals and strategy and help you grow your business.

RBF has extensive experience working with technology companies and we understand what is important to your operations. Segments served include enterprise software, software as a service, e-commerce, electronics and hardware manufacturers, mobile technology and more.

Our services for Technology companies include:

  • Assurance services such as audit and reviews
  • Tax compliance
  • Tax consulting and tax planning
  • State and local tax compliance, including sales tax matters
  • Mergers and acquisitions
  • Due diligence services
  • Revenue Recognition
  • Business consulting services
  • Financial Software
  • Outsourced Finance and Accounting

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