OUR SERVICES

OBJECTIVE: GROWTH

We have extensive experience working with farmers and agribusinesses that produce products such as grain, livestock, dairy and other commodities. We can help meet the specific accounting and tax challenges and pressures involved with financial management of a successful operation. We offer the following services:

• Tax planning, preparation and reporting unique to farmers and agribusinesses
• Financial planning, including assistance with banks and lending institutions
• Cash flow analysis and budgeting
• Employee benefit planning
• Estate and succession planning
• Business entity structure consulting
• Financial reporting
• Accounting and bookkeeping
• Payroll Systems training and support
• Certified QuickBooks® Professional Advisors

Farming and Agribusiness Services Brochure

DRIVING PROFITS

Years of experience have given us a deep understanding of the retail automotive industry. We keep our auto dealer clients up to date on the latest tax issues and profitable business strategies. We know how competitive the business is and the issues facing dealers today. Our business advisors developed their expertise over many years of working with dealerships and affiliated operations. Maloney + Novotny automobile accounting services include attest and assurance, tax services, and consulting on other aspects of dealership operations, including cost segregation, dealership valuations and LIFO accounting.

PRODUCING RESULTS

For over 90+ years, Maloney + Novotny has helped clients compete in the highly complex commercial and industrial arena. Our experience in this area is unmatched. We combine our vast industry knowledge, extensive resources and unparalleled personal service to help companies identify and implement solutions to a wide range of economic and regulatory demands. In addition to providing attest and tax services, we guide companies in looking beyond immediate challenges to develop long-term strategic goals. Our attest, tax and consulting experts collaborate to better serve you. Our ability to offer strategies that create results sets Maloney + Novotny apart within this market.

Commercial and Industrial Brochure

BUILDING SUCCESS

In construction, nothing is more important than staying ahead of the competition. Contractors and subcontractors must make fast, informed decisions that impact their financial results. But the issues seem endless: surety and banking, bonding, bidding, credit challenges, cash management, construction claims, regulations. It can be overwhelming. Maloney + Novotny’s advisory services can help. Our extensive experience in audit and other financial statement services let us simplify the many demanding issues contractors and subcontractors face. Our insightful solutions keep our construction clients on top of developments and ahead of their competition.

Construction Services Brochure

TARGETED METHODOLOGY

We serve the entire education sector, including colleges, universities, private elementary and high schools. We have specific expertise working with private liberal arts colleges and universities. We understand academia and have developed targeted methodologies that produce efficient audits. We provide colleges, universities and private high schools with personalized attention at a reasonable cost without sacrificing quality. Our commitment to total client satisfaction, quality service, technical standards, continuing retention and education of our staff and the high caliber of our personnel set us apart from other CPA firms.

Our Education Practice Group includes 30 professionals in addition to five shareholders who, collectively, have more than 125 years of experience working with education clients.

OUR SPECIALIZED EXPERTISE INCLUDES:  Alternative Investments – Many of our clients have significant alternative investments in their portfolios. We evaluate due diligence procedures and assess valuation disclosures.

Tax-Exempt Financing – We are experts in helping clients obtain tax-exempt financing.

Tax Services – Maloney + Novotny offers a full range of business tax services. From alternative investments to auxiliary enterprises, we assist higher educational institutions with filing Form 990-T and minimizing tax liabilities. While states have become aggressive in seeking tax dollars from unrelated business income, M+N is fully versed in multi-state tax filings for not-for-profit entities.

Audit Reports – Our audit reports are accepted locally, regionally and nationally by boards, regulatory bodies, financial institutions, investment bankers, trustees and other users of financial statements.

Education Practice Area Brochure

COMPLIANCE EXPERTISE

We take Employee Benefit Planning as seriously as you do. While other firms use these audits for filler work and as training for new staff, we pride ourselves on our work in this area. We perform over 150 plan audits a year and also work with plans which file Form 5500s but are too small to require audits. We are experienced with defined benefit and defined contribution plans, 403(b) plans, ESOPs and Health & Welfare plans. We make it a point to understand the different issues affecting each client.

Our Employee Benefits Group works with clients in all areas of compliance: audits and Form 5500 filings, plan mergers and terminations, and examinations from the Department of Labor and the IRS.

Our 15-member team includes a former IRS agent in the plan compliance area, a certified employee benefits specialist and others who lead seminars on relevant topics. If we uncover any compliance issues, we help our clients with the voluntary correction programs offered by the IRS and DOL.

Employee Benefit Plan Services Brochure

PROACTIVE SOLUTIONS

Our accountants understand that healthcare professionals face a growing maze of challenges, including managed care, increased competition and an assortment of cumbersome regulations.

We provide our diverse healthcare and medical clients with experienced teams, accurate advice and timely solutions. Our medical cpa professionals stay abreast of relevant issues by attending healthcare conferences and workshops presented by professional societies.

Our advisors are versed in current accounting issues and best practices on tax issues unique to healthcare clients. We meet the needs of over 50 Ohio-based healthcare facilities and organizations, including:

• Senior living centers
• Long-term care facilities
• Retirement communities
• Assisted living facilities
• Continuing care retirement communities (CCRC)
• Dialysis centers
• Home health agencies
• Physician groups
• Hospitals and long-term acute care hospitals
• Behavioral health care

Health Care Practices Brochure

SOUND ADVICE. RESPONSIVE SERVICE.

We are experienced with the requirements and application of statutory accounting principles, as well as GAAP. We have significant expertise in addressing the accounting and financial implications of complex insurance, reinsurance, investments and business transactions. We have extensive experience and relationships with the Ohio Department of Insurance and A.M. Best. Our practice includes a team of professionals with insurance industry experience and our auditors, IT specialists and business tax advisors provide responsive, expert service.

We offer the following services to our insurance clients:

• Statutory and GAAP audits
• Assistance in statutory filings of quarterly and annual statements
• Preparation of federal, state and local tax returns

831(B) CAPTIVE INSURANCE COMPANY We can help reduce your insurance costs and decrease your taxable income. Maloney + Novotny has partnered with J. Lash & Company* which specializes in the formation of captives. Together, we can manage the compliance, regulations and financial aspects of the supporting captive.

*J. Lash & Company and Maloney + Novotny LLC are independent accounting and consulting firms. Both firms are separate and independent legal entities. All such services are by affiliate member firms practicing on their own account.

Insurance Practice Area Brochure

831(b) Captive Insurance Company Brochure

PROVEN RESULTS FOR NONPROFITS

To fulfill its mission, a nonprofit organization must satisfy special accounting and reporting requirements. We work extensively with not-for-profits and understand the unique environment in which they operate. Our efficient methodologies produce effective audits. M+N also has experts in tax-exempt matters to ensure that organizations operate in accordance with IRS rules. We have experience serving many types of nonprofit organizations and our team of accounting professional experts can provide the needed services and guidance for each type. These include:

• Educational institutions
• Higher education / colleges and universities
• Private elementary / high schools
• National, regional and local trade associations
• Museums and cultural institutions
• Voluntary health and welfare organizations
• Behavioral health care
• Governmental entities
• Foundations
• Religious organizations

While we perform traditional business audit services, we also get involved at a deeper level by reviewing internal control systems, assisting with strategic planning, performing operational reviews and evaluating information systems to identify efficiencies.

The scrutiny of not-for-profit organizations by Congress, the IRS and the media has increased dramatically over the last several years. Maloney + Novotny has a proprietary program to help clients gather necessary information for the Form 990 in an efficient and cost-effective manner.

Tax-exempt organizations have been affected by tax reform. We provide assistance with these new rules in the absence of implementation guidance from the IRS. Such issues include separation of unrelated business activities, excise taxes on executive compensation and investment income of certain private colleges and universities, and the tax consequences of providing qualified transportation benefits, including parking, to employees. We deliver sound advice on tax matters for tax-exempt clients, a service very few CPA firms provide.

Many accounting firms perform employee benefit plan audits, but few specialize in this complex and highly regulated area. Maloney + Novotny has the experience, ongoing training and resources necessary to effectively audit 403(b) plans under the regulations outlined in ERISA (Employee Retirement Income Security Act).

Not-For-Profit Brochure

DYNAMIC AND TAILORED

Every project in the oil and gas industry entails its own rules and challenges. Understanding the dynamic marketplace and where there is room for growth allows us to inform clients about emerging trends so they can manage more efficiently.

For over thirty years, our Oil and Gas Group has provided clients with a wide range of professional services. The group’s expertise in oil and gas accounting, taxation and general consulting, coupled with active involvement within the industry, has made Maloney + Novotny a leader in the field.

Our public and private clients include drilling and operating companies, drilling and income programs, and independent producers.

MARKET SAVVY

Maloney + Novotny has worked with numerous service providers in a wide range of fields: financial institutions, retail, advertising, law, engineering, insurance, media, travel, recreation and many others. Each service provider faces unique business challenges; Maloney + Novotny addresses them with expert accounting and business advisory services, including:

• General accounting and audit services
• Tax planning and services
• Litigation support
• Employee benefits planning
• Computer system design, implementation and training
• Business valuation service
• Mergers and acquisitions
• Personal financial planning and asset management
• Cost, pricing and profitability studies
• National and international accounting services
• Succession and estate planning

FIRST CLASS

Maloney + Novotny has worked with numerous service providers in a wide range of fields: financial institutions, retail, advertising, law, engineering, insurance, media, travel and recreation and many others. Each service provider faces unique business challenges that Maloney + Novotny addresses with expert accounting and business consulting services, including:

• General accounting and audit services
• Tax planning and services
• Litigation support
• Employee benefit planning
• Computer system design, implementation and training
• Business valuation service
• Mergers and acquisitions
• Personal financial planning and asset management
• Cost, pricing and profitability studies
• National and international accounting services
• Succession and estate planning

SOUND DECISIONS

Wholesale distributors encounter complex accounting issues as they do business up and down the distribution channel and, often, across state lines and even international borders. We advise our clients on the implications of new product lines, expanded geographical areas and strategic acquisitions. Maloney + Novotny helps clients who desire to remain independent while growing their businesses and improving their business practices. Our Wholesale Distribution Group offers a broad range of accounting and business consulting services, including:

• Financial reporting and accounting services
• General accounting and auditing to generate reports for clients, customers, lenders and regulatory bodies
• Tax planning to achieve maximum advantage and for federal, state and local compliance
• Cost, pricing and profitability studies Inventory control systems
• Budgeting and forecasting
• Employee benefit planning and administration
• Accounting-oriented computer systems design, implementation and training
• Mergers and acquisitions consulting