The 2018 Tax Wrap-Up
The tax reform passed at the end of 2017 runs to about 70,000 words....
OUTSOURCED ACCOUNTING
As a small or mid-size business, you likely need a variety of expertise in the finance area but may lack the time, budget or know-how to develop the necessary resources in-house. That’s when the right accounting partner to have your back…office.
MahoneySabol can handle all of your finance and accounting needs from managing the back office to implementing software solutions. We offer QuickBooks solutions to outsourced CFO/controller services. We deliver real time financial information to help you find solutions for your business growth. And we develop internal systems and controls for your business that can easily be transferred to your internal employees as your business goals and objectives change.
Project Finance
- Development and maintenance of periodic draw package and related support (construction draws as well as operating period draws) in compliance with loan provisions
- Development of accurate cost to complete models
- Development of monthly loan compliance documents used to monitor covenant and major loan provision compliance
- Review of key finance document provisions as they relate to financial and tax reporting matters
- Review of project models for GAAP (Accounting principles generally accepted in the United States of America) and tax law compliance and presentation
- Liaison with key bank and independent engineer personnel
- Look to structure loan compliance and maintenance in an efficient and effective manner based on the capabilities (or limitations) of the Company’s accounting system and personnel
Project Accounting
- Accounting and reporting system implementation
- Correspondence and presentation to banks, independent engineers and project owners
- Development and maintenance of project operating budgets
- Development and maintenance of revenue and expense reporting
- Establish and document key accounting, finance, information technology and operational controls
Audit, Tax and Specialized Accounting Services
- Accounting department outsourcing and controllership services
- Cost segregation and valuation services
- Extensive knowledge of specialized industry transactions (flip and inverted lease structures, tax equity financing, renewable energy credits, project capitalization, hedge valuations, and asset retirement obligations)
- HLBV modeling
- Investment Tax Credit (ITC) and Production Tax Credit (PTC) expertise
- Liaison with national accounting firms in connection with annual audit
- Review and documentation of hedge transactions (energy and interest rate swap agreements)
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