BUSINESS MANAGEMENT BFWG&S serves as Chief Financial Officer, controller, and bookkeeping department for high net worth individuals, families, and their companies. We handle any and all ongoing business management needs, from structuring the accounting and record-keeping functions to generating financial statements, as needed. Among a myriad of other services, BFWG&S will: - pay bills, prepare payroll, collect monies owed, and maintain all books and records;
- provide short-term money management (i.e. purchase of treasury bills and other short-term government paper);
- place and monitor investments with highly reputable money managers;
- help establish key banking and financial relationships;
- interface with clients’ staff and personnel, and clients’ other professionals;
- structure business acquisitions and assist in business negotiations;
- place and monitor all insurance needs with reputable professionals; and
- assist in negotiating and closing large purchases and sales (e.g. houses, automobiles, etc.).
ACCOUNTING AND AUDITING BFWG&S provides complete accounting and management support services for the closely-held company and its principals. Depending on each client’s needs, BFWG&S will provide timely, competent and relevant services, including: - compiling, reviewing, and/or auditing of financial statements;
- preparing forecasts, projections and budgets;
- consulting relating to operational and management issues;
- assisting in formulating and structuring employee benefits programs;
- reviewing the entity’s system of internal accounting controls;
- providing acquisition and divestiture recommendations, including due diligence investigations and special reports; and
- consulting relating to the computer system, including needs analysis, installation, training, and system monitoring.
TAXATION BFWG&S’s tax experts serve a wide range of clients with professional tax-related assistance, including preparation of tax returns, tax planning and strategizing, and representation in tax controversy matters and audits. We are especially careful in our tax planning to integrate a company’s corporate tax strategies with the individual tax strategies of the company’s principals to minimize, to the maximum extent allowed by law, the total tax liabilities of the parties. Such tax services include: - tax planning strategies and relevant tax research;
- year-end and interim tax projections;
- tax return preparation;
- audit representation, including controversies involving income and franchise tax, sales tax, payroll tax, business license tax, etc.);
- estate and gift tax planning and return preparation;
- compliance reporting; and
- pension plan accounting and tax return preparation.
PRODUCTION ACCOUNTING BFWG&S provides production accounting services for television series, mini-series and movies-of-the-week, and for motion pictures. Our full range of such services includes the following: - hiring on-site production accountants and accounting staff;
- retaining independent payroll processing services for production employees;
- supervising the production accountants and accounting staff;
- place and monitor all insurance needs with reputable professionals;
- collecting production monies; providing short-term money management; and distributing to the production accountant, as needed;
- assisting in preparing and evaluating production budgets;
- monitoring compliance with budgets and preparing variation analyses and reports;
- testing production accounting department internal controls;
- reviewing and reporting on petty cash expenditures; and
- interfacing with producers and other production personnel, studios, etc., as needed.
INFORMATION TECHNOLOGY AND COMPUTER CONSULTING BFWG&S has a fully staffed computer consulting department that services both BFWG&S clients and others with their information technology matters. Additionally, through our affiliate, GWC Information Systems, LLC, we sell accounting and financial reporting software as authorized dealers of nationally recognized, widely used software. BFWG&S’s services encompass: - evaluation and analysis of client needs;
- recommendation and evaluation of hardware and software requirements;
- sale (if desired) of software by our affiliate;
- recommendation for staffing requirements; and
- installation, training and system monitoring.
LITIGATION SUPPORT BFWG&S provides substantive litigation support services to the legal profession, including, as necessary, forensic accounting relating to business disputes. We provide consultation with attorneys and/or with the parties to the litigation, and provide expert witness testimony in appropriate matters. Such services are provided as follows, among others: - disputes among principals (stockholders, partners, LLC members, etc.);
- tax matters;
- bankruptcy and insolvency cases;
- professional malpractice issues; and
- loss of earnings analyses.
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ENTERTAINMENT BFWG&S provides business management, accounting and tax services to a variety of clients in the entertainment industry. Such services are provided to: - actors, actresses, producers, directors, writers and other behind-the camera individuals; studio executives; athletes; and their loan-out corporations;
- production companies;
- television series, mini-series and movies-of-the-week, and motion pictures (production accounting); and
- closely-held, pre- and post-production companies, that provide ancillary services to the studios.
CLOSELY-HELD OPERATING COMPANIES BFWG&S provides traditional accounting, management consulting and tax services to a broad variety of closely-held (non-public) small to medium sized companies. These companies generally have annual sales and/or revenue volumes from $3 million to $150 million. These clients include: - manufacturers;
- importers;
- wholesalers;
- distributors;
- licensors;
- licensees; and
- retailers.
PROFESSIONAL SERVICE FIRMS BFWG&S provides specialized accounting services to several types of professional service firms, including: - law firms;
- architecture firms;
- dental practices and dentists;
- medical groups and doctors; and
- mortgage loan brokers.
BANKRUPTCY AND INSOLVENCY MATTERS BFWG&S specializes in providing various services in connection with bankruptcy and insolvency matters. Such services are provided for debtors, debtors’ attorneys, creditors, creditors’ attorneys, and creditors’ committees. The broad range of services includes, but is not limited to: - preferential payment analyses for secured and unsecured creditors;
- feasibility analyses for Plans of Reorganization, including assistance in formulating such Plans;
- evaluation and investigation as to the financial affairs of debtors;
- interim and final accountings for the Court;
- forecasting and projecting results of future operations; and
- handling all relevant tax matters and issues.
REAL ESTATE Our BFWG&S experts perform professional services to a variety of companies involved in various aspects of real estate. Such companies include: - undeveloped land buyers and sellers;
- trust deed collection companies;
- mortgage loan brokerage companies;
- commercial development construction companies;
- country club and golf course development and management companies;
- commercial and residential real estate limited partnerships; and
- real estate brokerage companies.
TECHNOLOGY COMPANIES BFWG&S has a number of clients in the computer technology industry. Such companies provide technology-based goods and services to a variety of industries, as follows: - special effects for motion picture and television production companies;
- website design for studios;
- graphics and video advertising for studios and production companies;
- web-based sales and marketing for bath and spa products;
- sound design and editing for studios; and
- other post-production companies, providing services to studios and production companies re: sound, editing, and the like.
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BFW&G offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison. Below we have listed the services that we offer to our clients along with a brief description.