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Specialized Services
During my career in public accounting I have developed expertise in
three areas that I consider to be specialized services. In each of these
specialties, I represent you, my client, in determining that you are
receiving accurate information and/or the revenues to which you are
entitled under a contract or an ordinance.
- Royalty or franchise revenue audits.
- In these situations, you
are a franchisor and as a part of your franchise agreement, the franchisee
is obligated to remit a certain percentage of their gross business or some
other factor of their income. Perhaps you are an inventor and own a patent
which you have licensed to a manufacturer or distributor. In return you
are entitled to a fee for the use of your patent. My job would be to
examine the franchisee or licensee’s books and determine that you
have been paid the correct royalty or franchise fee.
- Municipal revenue audits.
- Many cities have enacted bed tax
ordinances which are similar to a sales tax on hotel rooms. In other
cases, municipalities have granted concessions that provide for a
percentage of concession revenue to be paid to the city. I know of at
least one city that enacted a tax on the collection and disposal of
biological waste. I have been engaged to examine the records of hotels,
concessionaires, disposal companies and others to assure the
municipalities that they were receiving the correct revenues according to
their ordinances.
- Due diligence audits.
- I have been retained by purchasers of
business or elements of business to examine the sellers accounting records
and determine that those accounting records are reliable. I also assist
the purchaser in developing assumptions and ratios in order to develop a
purchasing, operating, and management strategy, financing requirements as
well as tax planning. Often, a key element in the acquisition of a
business is the allocation of the purchase price among the assets
acquired, so as to maximize the future depreciation and other current
deductions.
[Homepage]
[Background]
[Fees]
[Accounting Services]
[Taxes]
[Insurance Claims]
[Expert Witness Testimony]
[Curriculum Vitae]
P.O. Box 4305, Fullerton, CA 92834 and 1501 N. Harbor Blvd. Ste 100., Fullerton, CA 92835
Telephone 714-870-0285
Fax 714-870-6234
Email SCH@Hensleecpa.com
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