Prasad & Company LLP offers a wide range of assurance services for privately-held companies. This includes compilation, review, and audit engagements for corporations, partnerships, and self-employed individuals, as well as FOFI engagements, not-for-profit reporting, and special reporting for financial institutions, lenders, surety, and bonding institutions. Our team of experts provides reliable financial information, which establishes confidence in the strategies and direction business owners create for their corporations.
The firm stays up-to-date with shifting compliance requirements. We also ensure that our work is suited to meet the specific needs of each individual client. Prasad & Company LLP places importance on building a strong relationship with clients, championing strong communication and a clear vision for the future of your company.
A manufacturing client joined our firm while they were in the process of selling their business.
During the initial consultation, we determined that the company had not applied for the SR&ED Investment Tax Credit in previous years and would likely qualify. We brought in a SR&ED consulting firm to assist in the engineering and scientific aspect of the claim. We prepared the amended tax returns. The SR&ED claim was successful and approximately $2 million cash was injected into the company. The resulting purchase price of the business was increased on a dollar-for-dollar basis.
Our client started their business in 1989 and has been very successful since its inception. However, the client was unhappy with its financing and business relationship with its bank.
We provided alternative banking arrangements on a term key basis with minimal interference to the client's business.
Our client needed investment analysis information because the related recovery of funds from various levels of government can maximize revenue.
We provided investment tools and analysis to the client's business and assisted them with enforcing legislative changes.
Mr. X and Mr. Y have been friends and partners in business and real estate investments. Mr. Y retired years ago, which left Mr. X responsible for business affairs.
Mr. Y continued to own shares in real estate investments with Mr. X. Mr. Y passed away suddenly, which left Mrs. Y to deal with estate matters. She did not want to continue owning his investments with Mr. X.
We successfully divided assets held jointly by Mr. X & Mrs. Y, ensuring that personal objectives on both sides were achieved.
Our client started to plan a retail business concept in 2001. The retail store officially opened in 2002. After 18 months, the client decided it may be lucrative to sell the business.
We assisted the client in a complete assessment of all of their business issues by preparing startup projections. We assisted in automation, financial management, and shareholder agreements. By developing operating budgets, performance evaluations techniques and models, we assisted our client in developing an appropriate strategy for a successful sale. Our in-depth involvement resulted in the sale of the business for approximately 17 times the original investment.