Due Diligence Readiness: Navigating State and Local Tax Complexities in M&A Deals

Consero partners with Source Advisor to help sellers prepare for a future sale and minimize historical liabilities. We will also explain how companies currently in the sale process can work with buyers to minimize escrow amounts.
Updated: November 20, 2024
YouTube player

 

Over the past four years, state and local taxes have become a key component of all due diligence reviews, especially in software and services industries. Sellers have realized that lack of controls and compliance in areas such as sales and income tax have resulted in significant escrow hold backs during the sale process.

That’s why Consero is partnering with Source Advisors, a premier specialized tax consulting firm, for this on-demand webinar that aims to help sellers prepare for a future sale as well as help minimize historical liabilities. We will also explain how companies currently in the sale process can work with buyers to minimize escrow amounts.

Whether you are preparing for a future sale or are currently engaged in the process, this webinar is essential for unlocking the full potential of your transaction.

To learn more about Consero, visit us at: https://conseroglobal.com/request-a-consultation

Related Resources

Case Study

Algo leverages Consero’s Strategic CFO Services to get the finance function in order before they could pursue acquisitions

Client leverages Consero’s Strategic CFO Services to get the finance function in order before they could pursue acquisitions. Background: PE-backed enterprise software company was looking ...
Back Office Holding Back 3
CEO / CFO

How Do CFO’s Drive Value?

This blog post was written by Scott Tynes and originally appeared in the Austin Technology Council Blog, entitled Scott Tynes’ Recap of CFO Dinner Introduction ...
consero_inhouse_vs_outsource_infographic
Case StudyIndustry - Software/SaaS

Setting up a successful rollup platform for $300M PE-backed software firm

How Consero helped large acquisition-driven business establish a rollup platform and accelerate acquisition returns. A large provider of systems and applications management software backed by ...
Blue background title card for BigCommerce case study
Case StudyFinance as a Service

Fueling a $75M Raise: Why BigCommerce Chose Consero for Financial Scalability

“As a fast-growth company with investors, one of our biggest issues is: how to move as quickly as possible from where we are, to where ...
Whitepaper

Guide to Outsourced Finance & Accounting for Investment Management Firms: The Finance as a Service solution

Alternative Asset Managers face a pressing dilemma. Their focus is rightly on managing their investments and relationships with investors, but they still need to fulfill ...
The Benefits of FaaS for Professional Service Firms
ArticleFinance as a Service

The Benefits of FaaS for Professional Service Firms

Finance as a Service (FaaS) is quickly becoming one of the most popular ways for Professional Service firms to save money. Professional Services organizations, such ...

Finance as a Service

Cutting edge technology, processes, and people in a fully-managed solution to deliver precise financial visibility and improved operational scalability, plus a lower and more predictable cost structure. 

Flex Finance

Keep your existing technology and processes. We can manage the back-office F&A function from end-to-end process, including closing the books. When you need skilled talent, we can supplement your F&A team.

Advisory Services

Expert advice and strategies to help you grow.

• CFO Advisory Services
• FP&A and Reporting
• Technical Accounting & Clean-Up

Consero FaaS: Disrupting the Outdated Traditional F&A Model

Transformation
  • Cash to GAAP conversion
  • Clean-up work
  • Interim oversight & support
  • Accounting software Implementation

Build it Yourself Solution

  • CFO / Interim CFO
  • Consultants / VARs

Consero FaaS Solution

  • CFO / Interim CFO
  • or Consero Interim CFO
  • Consero Setup/Transformation
Ongoing F&A
  • Monthly financials
  • Daily accounting support
  • Management reporting
  • Integrate add-on acquisitions

Build it Yourself Solution

  • CFO
  • Controllers & Accounting Team
  • Enterprise Accounting Applications

Consero FaaS Solution

  • CFO
  • or Consero Fractional CFO
  • Consero FaaS Enterprise F&A Software and Services

New PE Platform Investment F&A Challenges

Founder Owned Company Accounting:
  • Existing accounting done on a cash/hybrid basis
  • Run on SMB accounting software and other disparate applications
  • Inability to produce auditable financials
  • Lack of know-how to develop projections & KPIs
  • No consistency/structure to customer contracts
  • Underqualified staff
  • Non-scalable manual processes
Carve-Out Accounting:
  • Required to move off parent company accounting applications in a timely fashion
  • Have to build an entire F&A team
  • No documented operational policies and procedures
To Optimized Finance & Accounting:
  • Monthly financials available in 5-10 business days
  • Audit and diligence ready support details
  • Integrated enterprise grade accounting software
  • Budget and forecast reporting
  • Business KPIs
  • Efficient & scalable processes for rolling in add-ons