Agreed-Upon Procedures
At times, MN Blum is called upon to perform specific procedures and reporting activities. These engagements often arise in relation to development and construction contracts to provide insight into the involved costs. The accounting professional provides data without an opinion or conclusion on the results or compliance.
Due Diligence
To ensure that a company acquisition goes smoothly and that there are no financial surprises, MN Blum will perform due diligence by reviewing the target company’s underlying recordkeeping and accounting policies to verify their financial reporting is accurate and up to date. This may include testing rent rolls, reviewing lease agreements, contracts and loan documents, reviewing significant estimates, and other key reports not listed. Results can be used to evaluate the feasibility of acquisition or to help determine a fair price. The procedures involved in due diligence can be customized to fit the scope of agreed-upon procedures or consulting engagements as needed.
Operations & Control Reviews
As companies grow, their internal accounting needs change. A review of the internal control process with a deep dive into procedures gives us the opportunity to provide suggested improvements that can strengthen a company’s accounting department from within while increasing the efficiency of operations. The result is a more efficient team with reliable and consistent financial reporting practices.
Cost Certifications
Cost Certifications are required by the Department of Housing and Community Development (HUD) and Low-Income Housing Tax Credit (LIHTC) to ensure project funds comply with the terms of the program and tax credit agreements. This involves a review of supporting documents for all development costs to ensure that they are classified and includable as approved development costs.
Compliance & Preparation
Preparation and compliance with tax code is a strenuous effort and requires heavy lifting on the part of a tax professional as they consider the current year and the future years as part of a long-term plan. Avoiding tax penalties and paying accurate taxes in a timely manner are essential principles to smooth business operations and confidence in other financial decisions throughout the organization.
Industries
Real Estate
MN Blum helps realtors, brokers, and property managers minimize taxes and maximize profits by establishing a customized strategy for your business. We help you make the most of your capital resources while ensuring compliance with taxes and required documentation.
Construction
The building industry has specialized requirements and practices, at MN Blum, we’re well versed in construction accounting, giving you the advantage of our expertise and experience. We approach your business accounting needs from with an eye toward regulatory practices and the bandwidth to incorporate your unique company goals and long-run aspirations.
Professional Services
Outsourcing accounting to MN Blum for professional services companies open the door to flexibility. We help you keep your focus on company goals while we adapt and adjust to changes in the market, your company direction, and volatility inherent in your industry. Our job is to relieve you of accounting burdens while putting your mind at ease.
Business Entrepreneurs
At MN Blum, we prioritize the health and happiness of our team, encouraging them to thrive in all areas of their lives. With that in mind, we have built a benefits package to support your physical, financial, personal, and professional health and growth.
High Net Worth Individuals
At MN Blum, we prioritize the health and happiness of our team, encouraging them to thrive in all areas of their lives. With that in mind, we have built a benefits package to support your physical, financial, personal, and professional health and growth.