Author: Richard Balog

Rob Tamburri, CPA/PFS

Rob Tamburri, CPA/PFS

By Richard Balog

Managing Partner – Georgia

Rob Tamburri, CPA/PFS, is the Managing Partner- Georgia, based out of the Atlanta, GA office of the Certified Public Accounting Firm of Balog + Tamburri, LLC. He has been a CPA since 1993.

Mr. Tamburri manages the conduct of the Firms tax and financial consulting engagements. He specializes in Taxation, Accounting, and Virtual CFO consulting. He also has extensive experience working with health care, real estate, manufacturing, automotive services, logisitics, restaurants and personal service companies.

Mr. Tamburri has held FINRA licenses 4, 7,24,66 and is a Personal Financial Specialist (PFS).

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Kate Balog

Kate Balog

By Richard Balog

MBA, CMA (1954 – 2020)

In Memorial

Ms. Kathleen G Balog was a Principal of the Certified Public Accounting Firm of Balog +Tamburri, CPAs, providing educational and consultative services to the business community. She was an integral part of the Firm’s formation and growth during her tenure she had overall responsibility for the management of the Firms financial operations, information technology activities, and the performance and management of consulting engagements in the areas of Forensic Accounting, Professional Controller Services, and Product Cost System Development. She was the loving wife of our Managing Partner for 28 years, passing on their 28th wedding anniversary.

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Total Back-Office Support Practice

By Richard Balog

You started your business to provide a specific service or make or sell a product. Now you find yourself spending your time managing finances, people and vendors. There is a solution; Balog + Tamburri’s Total Back Office Support Practice. Using our unique ProfitPlus® Framework, we create a Vision-focused business plan that is ensures the achievement of your Mission. Let us be your Back Office, eliminating the cost of employees and the related overhead costs they create.
Let us end the need to purchase administrative and accounting software, and the frustrations of managing people and your I/T environment. Our Total Back Office Support Service is a symphony of highly focused services to provide your company the right level of support essential to ensure your success. We let you work ON the business while we work IN the business. You concentrate on generating revenues; we will take care of the rest.

Click here for a fact sheet. For More Information call Rick Balog, CPACFF, Managing Partner at 904-945-1220.

Sales and Acquistions

Sales and Acquistions

By Richard Balog

As we roll into the final couple months of the year one common theme has been interest in our CFO clients either wanting to sell their businesses or getting the “itch” to consider this. We think there are many reasons why business owners want to consider selling but the biggest reasons of late are the “pop” they are receiving after coming out of the “Great Recession” and the flow of “cheap money” that makes business purchases easier to fund (if you can get the money). There are however, a few key things to consider before putting your business on the market:

  • Stock vs asset sales – Typically sellers prefer, all things being equal, stock sales for capital gains treatment and buyers often prefer asset sales to maximize depreciation deductions, plus there are double taxation considerations based on your company structure.
  • Selling less than 100% of your stock – Often some level of equity wants to be retained by the seller. Do you understand the tax impact on this transaction? There are also cultural and management concerns that need to be dealt with as well along with employment or consultant contracts.
  • Installment Sales – Cash Flow issues on the buyers side along with deferring the tax bill (seller) create an opportunity for a better sales price with performance contingencies set in place
  • Cash Down – Typically sellers want 100% cash upfront and buyers want to put down as little as possible. The truth is very few deals are all cash these days- they are often notes over an extended period of time.
  • Books & Records – Solid and organized books and records are the foundation of any due diligence process – any smart buyer will want clean and accurate financial statements, and depending on size might request audited or reviewed financial statements. If your accounting isn’t clean it will probably kill any potential deal or reduce your selling price.

These are some things to consider before you consider selling your business. Whether you sell your business or not, We would also use this time to remember why you chose the business structure you did when you first started and to make sure this still makes sense. Everyone loves LLC status but often they don’t know why? additionally there are good reasons to chose C Corp status as well. Understand your structure – and your personal situation.

Accounting

Accounting

By Richard Balog

The key building block of financial health start with your financial statements.

Tax Services

Tax Services

By Richard Balog

Balog+Tamburri CPAs provides a team of talented, experienced tax professionals dedicated to helping you navigate through the constantly changing and complex trends in tax regulation.
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Our Vision

Our Vision

By Richard Balog

To provide our clients with a scalable, high performance integrated tax, accounting and business management solution. By bringing together information from Finance, Customer Management, Human Resource Management, and Technology we strive to shorten the time-span between knowledge & action.