Industry Specific Consulting
Construction
We understand the challenges you face being in a business that
is highly competitive and customer driven. We have over 20 years
of
experience helping construction companies maximize their profits.
In order to effectively help you meet your financial goals, our
Construction Services Group addresses the specific issues and concerns
of your industry while also offering experience beyond traditional
accounting, auditing and tax services. Members of the group are active
participants in industry organizations such as the Ohio Contractors
Association and the Construction Employers Association.
In addition to offering traditional services, we assist our construction
clients with the following industry-specific issues:
- Job cost accounting, overhead, and profitability analysis
- Percentage-of-completion revenue recognition issues
- Bonding and surety issues
- Working capital considerations
- Joint venture accounting
- Equipment leasing and depreciation
issues
For more information, contact John Troyer at 216.831.7171 or
email.
Emerging Technologies
- Early stage businesses need special services.
- Investors are looking to protect their investment.
- You’ve been in business but want to take your success to the next level.
Ciuni & Panichi’s Emerging Technologies Group has the experience and diversity to serve you and your investors. We know it can be challenging, but you are not alone. Our team gets to know your business requirements and develops a solution to fit your needs. We work closely with you to protect your investment and will support you so that you have the time to focus on growing your business.
Our services are specifically tailored to meet your goals. Some of the services we offer are:
Financial Forecasts and Projections
We prepare forecasts and projections for many purposes. In conjunction with due diligence, we work with our clients to develop projected financial statements that are used to evaluate the company. The projections take a potential business deal into account, as well as the trends in the business and all financial reporting and tax aspects.
Accounting and Management Information Systems
We advise clients about the proper company structure to accommodate the future growth of the business. We assist clients in establishing an accounting system; from choosing the right software package to monthly internal reporting. Our team can also assist with customized monthly reports for board meetings.
Audit and Tax Services
Audit services are a key element of the capital market system. Reviews and audits will help you understand the current financial conditions of your business. These valuable tools help you identify your business’s strengths and weaknesses making it easier to pinpoint organizational changes to ensure future success. We strive to help you minimize your tax liability and ensure compliance with the ever-changing tax rules and regulations while helping you achieve your overall financial goals.
For more information contact Pete Constantino at 216-831-7171 or email.
Governmental Entities and School Districts
State and federal laws are constantly changing, and compliance
requirements can be difficult to understand. We understand your
operational issues and will help you develop and implement an accounting
and
a compliance system to meet your organization’s needs
and increase its effectiveness.
For more than 20 years, we have performed government and school
district audits, GAAP Conversions, GASB 34 Conversions, Comprehensive
Annual Financial Reports (CAFRs) and Bond Arbitrage Calculations.
We are experts at audit procedures from preliminary planning and
field work to the issuance of financial statements and management
recommendation letters, A-133 and program specific audits and issuance
of the related reports on internal controls over compliance requirements,
compliance with terms and provisions of awards and findings noted
during audits.
Our 15-person government services staff consists of individuals
who are experts in the accounting issues that directly impact state
and local governmental entities and school districts.
For more information, contact Rhonda Hall at 216.831.7171 or email.
Member
of the American Institute of Certified Public Accountants’ Governmental
Audit Quality Center for CPA firms
Manufacturing
Manufacturing businesses face significant challenges including
increased competition, process improvement demands and constantly
changing
industry standards and regulations. Ciuni & Panichi’s
experience in the manufacturing industry allows us to provide
you with a variety
of financial, tax and business advisory strategies to increase
your profitability. We will also work with you to increase efficiency
and reduce costs.
Our services to manufacturers can include:
- Audits, reviews and compilations
- Tax planning and compliance
- State and local tax consulting
- Strategic planning
- Business valuations
- Mergers & acquisitions
- Buy/lease agreements
- Inventory control procedures
At Ciuni & Panichi, we will work closely with you to find
solutions for your individual needs.
For more information, contact Pete Constantino at 216.831.7171
or by email.
Not-for-Profit
The financial landscape and expectations of not-for-profit
organizations are constantly changing. The conflicting
pressures to increase
services to meet the community’s needs while also
strengthening internal controls to improve corporate
governance are challenging
not-for-profits
as funding resources are becoming more scarce.
We understand the need to achieve balance between the mission of
the not-for-profit and its need to operate as a business. For over
30 years, we have provided accounting, auditing, and tax services
to the not-for-profit sector.
Our not-for-profit group has extensive non-profit experience. This
team of professionals receives ongoing training so that they are
always informed on the latest accounting pronouncements and audit
standards, tax law changes, and other issues faced by this industry.
We deliver the level of communication, consultation, and value that
you expect and deserve. We meet with our clients quarterly to keep
them informed of any upcoming changes in accounting standards.
Members of the not-for-profit group are involved in the community
through membership on boards and committees, which help our team
better gauge the needs and expectations of the clients we serve.
They are frequent speakers at industry conferences on topics ranging
from accounting and tax updates to the impact of the Sarbanes-Oxley
Act on not-for-profit organizations.
For more information, contact Mike Klein at 216.831.7171 or email.
Professional Services Firms
With service being the core of our business, we understand that
your financial needs are sometimes complicated. At Ciuni & Panichi,
we study your business thoroughly and make recommendations
on management approaches and operational practices to increase
your efficiency
and profitability.
Whether your professional staff consists of attorneys, doctors,
architects or engineers, we will concentrate on your finances so
you can focus
on your clients.
A sampling of the services we can provide include:
- Start-up assistance
- Accounting services
- Audits, reviews and compilations
- Business tax preparation and
compliance services
- Tax planning and consulting
- Business advisory and evaluation
services
- Employee benefit plans
- Business valuations
- Litigation support
- Succession and ownership transfer planning
- Wealth management
solutions
- Cash flow forecasts and projections
- Mergers and acquisitions
Whether you are a small start-up operation or a large
established group, we can help you bring customized
service-oriented solutions to your business.
For more information, contact
Brian Marita at 216.831.7171 or by email.
Real Estate
Ciuni & Panichi helps clients manage their businesses effectively
and efficiently. Our Real Estate Services Group knows that
whether you are a developer, owner, manager or investor, you are
in an industry
that is unpredictable and faced with numerous pressures. Complicated
federal regulations, interest rates, and tax laws are just
some of the issues that need to be managed.
To help you handle the complexity of the real estate industry, our
Real Estate Services Group addresses the specific issues and concerns
of this industry while also offering experience beyond traditional
accounting, auditing and tax services.
Our experience in the real estate industry includes:
- Financial forecasts and projections
- Litigation
support services
- Cash flow planning
- Assistance in obtaining financing
- Estate and succession planning
- Low income housing tax credits
- Business valuations
- Designing compensation and incentive programs
- Cost segregation
studies
- Like-kind exchange and other tax deferral options
For more information, contact Jim Komos at
216.831.7171 or by email
Restaurants & Food Service
We understand how competitive the food service industry is and how difficult it is to succeed in this environment. Ciuni & Panichi’s expertise enables us to advise you on how to build and maintain your business.
Our clients include many independently owned and operated restaurants. We also work with chain and franchise restaurants, caterers, specialty markets and food stores, as well as wholesale and retail bakers.
We provide a wide range of services to the food service industry, including:
Audit and Accounting Services
- Audit
- Review
- Compilation reports
- Employee benefit plan audits
- Inventory test counts
- Internal auditing
- Accounting department policies & procedures
- Fraud audits
- Bookkeeping
- Development and implementation of internal control policies and systems and standard accounting procedures
- Agreed upon procedures (internal audits) at the unit level
- Study of the accounts payable processing from the unit to corporate level to determine proper internal controls and cost effective operations
- Study of the cash application and handling process at the corporate level
- Franchisee audits
Tax Compliance & Consulting
- Corporate tax compliance and planning
- Federal, state and local tax minimization strategies
- Personal property tax returns
- Tax assessment negotiation
- Multi-state tax compliance
- Consultation regarding cost segregation studies
- Quarterly federal and state estimates
- FICA Tip Credit calculation
- Assistance with tip reporting
- Sales and use, personal property, and real estate tax management services
- Review of employee benefit plans to improve their operating efficiency and level of compliance
- Employee benefit design, compliance, and reporting
- Form 5500 preparation and review
- Client representation before IRS and DOL
- State (sales and use, income taxes) tax audit assistance
Consulting Services
- Business Financing
- Lease negotiation
- Employee bonus program development
- Operational and organizational assessments
- Strategic and growth planning
- Team motivation and leadership training
- Resource allocation planning and implementation
- Organizational development and training
- Human resource assistance
- Family business counseling
- Succession planning
- Valuations of the business
For more information, contact John Rose at 216.831.7171 or by email.
Small Business Services Group
Small Businesses need services that fit their needs today as well as grow with them as their business evolves. Our team of experts has been working with small businesses for over 20 years. We work with you to provide the information you need to make informed business decisions. You need an advisor who can be with you every step of the way. That is the service that Ciuni & Panichi, Inc. provides.
Services include:
Accounting
Reconciliation of client records
Preparation of complied financials
Assistance with internal accounting
Temporary or part time Controller
Taxes
Business and personal tax planning
Preparation of business tax returns
Preparation of personal tax returns
Representations in tax audits (federal, state or local)
Software accounting support
QuickBooks
Peachtree
Business Works
Other software programs
Business Consulting
Assistance with business financing
Retirement planning
Assistance with hiring
Bookkeeping
Train and assist internal bookkeeper
Payroll return preparation
Our services provide the support you need when you need it.
For more information, contact Bob Smolko at 216-831-7171 or by email.
Wholesale and Retail
At Ciuni & Panichi, Inc., we work with our clients to help
them grow and increase efficiency. To be successful, a small business
needs proper accounting and systems in place to provide its
management
with data on a timely basis so management can react and service
the needs of its customers.
We assist wholesalers and retailers in managing their growth and
profits while facing the constant challenges of the trade such as
increasing tax burdens, new merchandising concepts, and new technology.
You will receive advice and guidance from Ciuni & Panichi
on all aspects of business management, from the creation of the
business
plan through succession planning. Our services are tailored to
help you make the best decisions for your business.
For more information, contact Bob Smolko at 216.831.7171 or by email.
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