Business Management

"Business Savvy" is our approach to meeting client needs at Pile CPAs. In addition to providing traditional compliance services, we provide innovative, progressive business solutions focused on bottom-line results. We know proactive communication and measurable objectives achieve desirable results. We aim to be the CPA firm of choice in Indiana by providing services targeted to meet your business needs.

Whether your business is 1 or 100 years old, your business can go through many changes as you introduce new products or capabilities to your clients and customers. Our goal is to be your trusted business advisor bringing innovative ideas, solid financial management tools, and a team of specialists offering proactive business solutions. Some of the type of solutions we provide include:

CFO and Controller Consulting

The high price of a true Chief Financial Officer prevents many companies from having a full-time CFO. However, when you experience rapid growth, work to recover from an economic decline, or adjust to a change in ownership or top management, Pile CPAs can step in to provide the high-level services that a CFO would otherwise perform so that opportunities are not overlooked and potential problems avoided.

Succession Planning

In the next 20 years, approximately $4 trillion of small business assets will transition to the next generation. Unfortunately, many family-owned businesses will not survive generational succession, let alone the unexpected illness or death of an owner or key executive. Many Pile CPA clients are now successfully into their third and fourth generations of ownership. As part of your team of business advisors, we will help you navigate the complex maze of management, financial, and tax considerations to develop a plan of transition to family or unrelated buyers.

Employee Benefits/HR

Our Employee Benefits and Human Resources services are designed to help you to cost-effectively offer the compensation and benefits needed to retain top talent in today's business environment. Pile CPAs can assist with benefit plan selection, and with the setup of personnel assessment programs, among other services.

In addition to the services offered by Pile CPAs, investment advisory solutions are offered by Pile Wealth Management to assist you with meeting the investment needs of employee plans as well as offer personal investment options for you and key employees. For more information, visit www.pilewealth.com.

Litigation Support 

Litigation support is the process of providing consultation and support services to attorneys in regard to current and pending cases. The type of support services offered will depend on the needs of the attorney and may range from research and documentation of facts and precedents before a case comes to trial, or assisting in the determination of damages once a claim has been filed. Other services provided by our consultants include transactional due diligence, review of claims or assertions made by opposing parties and support for deposition and cross-examination procedures.

Business Valuation Services

Business valuations are increasingly common for transactions involving the purchase or sale of a business, gifting of shares of stock, buy/sell arrangements, estate planning, litigation support and employee stock ownership plans (ESOP). Other common uses include a reality check of your business performance, a tool for aligning employee goals and business improvement, obtaining or maintaining financing, stock option and other incentive plans, and feasibility of management or other leveraged buyouts.

We are Accredited in Business Valuation (ABV) through the American Institute of CPA's. ABV provides specialized access to information, education, tools and support that enhance credential holders' ability to make a genuine difference for clients. ABV credential holders are positioned as premier business valuation service providers who differentiate themselves by going beyond the core service of reaching a conclusion of value and creating value for clients through the strategic application of this analysis.

SSAE 16 (formerly SAS 70) Reporting

SAS 70 is an internationally recognized auditing standard for service organizations. A SAS 70 audit report demonstrates that a service provider has been subjected to a thorough audit of its internal control activities, including controls over information technology and related processes.  Effective July 15, 2011 these engagements are now covered by the AICPA's Statement on Standards for Attest Engagements (SSAE) No. 16.  While many similarities to SAS 70 remain, SSAE 16 incorporates substantial new guidance and authority for reporting on controls at a service organization, primarily three separate and distinct types of reports and certifications.

Common examples of service organizations that would be candidates for the SSAE 16 reporting framework are trust departments, registered investment advisors, third party administrators, actuarial service providers, remittance processors and lockbox operators, and many other types of organizations that provide outsourcing service functions to user entities, for which the controls are relevant to the user entities' internal controls related to financial and other types of reporting.

Service organizations have found that obtaining a SSAE16 report is an effective way to establish credibility with potential customers. Specifically a "clean" (no reported control deficiencies) Type 2 SSAE 16 report communicates that the service organization has internal controls in place that are operating effectively. A SSAE 16 report acts as a selling tool for the organization as it can differentiate a service provider from its competitors. The SSAE 16 engagement process can also be utilized by management as a way to identify opportunities for improvement in operational areas.