HEALTHCARE
Practice healthy business habits. Faulk & Winkler has more than 35 years of experience servicing the healthcare industry and understands that every organization is unique. Our team begins by working with you and your staff to understand your relevant history and current situation, and most importantly, your goals for the future. Compliance, efficiency, accuracy and dependability are our top priorities.
Our professionals are familiar with the growing number of industry-specific challenges affecting your financial success, and we work to ensure that you have the capability to confront these challenges head on. We provide you with strategic support and the appropriate resources to manage your healthcare practice so you can concentrate on your patient-focused, day-to-day activities.
Our healthcare team can provide assistance in the following areas::
Accounts payable
Benchmarking
Buy-in/ Buy-out
Cost segregation
Financial reporting
Payroll
Physician compensation
Revenue cycle management
Tax planning
GOVERNMENTAL
Strengthen your ability to serve the community for generations to come. Faulk & Winkler has a proud history of serving the governmental community as auditors, consultants and tax advisors. For more than thirty years, our team has developed extensive knowledge of the operation structures, tax requirements and unique needs specific to these entities. The services we offer are personalized, with our efforts focused on lowering your costs and minimizing disruption to your operation. Further, our goal is to help you maximize the potential of your resources – to not only preserve, but to also strengthen your ability to serve the community for generations to come. Our skilled professionals will provide you with step-by-step implementation and procedural guidelines, making the task of managing your unique challenges simple and straightforward.
Our Governmental Team can assist with the following services:
Financial Statement Auditing - We use your audit as an opportunity to verify accuracy of data, analyze performance and enhance your operational controls.
Outsourced CFO Services - As your outsourced CFO, our team will work with you to prepare for your audit. We will analyze the financial state of your business and help you establish strong financial controls.
GFOA Audit Certification Processing - Only a small number of municipalities have been able to earn the GFOA Audit Certification. At Faulk & Winkler, we count several of these among our clients. Our experienced team is ready to help you through the process of obtaining this distinguishment.
DISTRIBUTION
Financial processes shouldn’t be overwhelming. In order to maintain a competitive edge in the distribution industry today, your organization must proactively manage rising costs, shrinking margins and rapidly changing technology. At Faulk & Winkler, we provide accounting, tax and technology services for distribution companies. We make it our goal to maximize the potential of your business and uncover inefficiencies in your operations. We also seek to reduce your tax burden, fully utilize your resources, capitalize on opportunities and ultimately strengthen your business.
Our distribution team can provide assistance in the following areas:
Strategic planning
Buy/sell agreement preparation
Succession planning and exit strategy development
Profitability analysis
Buy/lease agreement development
Financing facilitation
Loan proposal package creation
Budgeting and cash flow planning
Mergers and acquisitions facilitation
Due diligence research and review
Inventory control process development
Corporate governance services
Research and development tax credit studies
Cost segregation studies
Technology planning and implementation
Executive search and placement
Compensation, benefits and incentive planning
Financial planning
CONSTRUCTION INDUSTRY
Knowing your numbers and having current data is crucial to any successful business owner. At Faulk & Winkler, we provide you with the tools and advice necessary to ensure each project is efficient and profitable.
It is incredibly valuable for business owners in the construction industry to have real time financial information when using key performance indicators to assess profitability and make critical decisions before it’s too late. We assist with a wide range of services depending upon the size, project volume and number of internal financial managers in the company. By trusting our certified public accountants with your heavy accounting lifting, you can focus on pursuing new opportunities.
Strategic Planning & Budgeting
Key Performance Indicator (KPI) development
Tax planning and preparation
Succession planning
Consulting
Cost Segregation Studies
Audit, review and compilation
Financial Statement Preparation
401(k) plan administration
PROFESSIONAL SERVICES CONSULTING
Professional services for professional people. As a certified public accounting and advisory firm, we understand the professional services industry from both a service and business operations perspective. Service-based businesses face a unique blend of challenges, including addressing cost issues, developing methods for key employee retention and identifying fair methods for compensation. Recognizing these challenges, Faulk & Winkler helps professional service businesses plan for long-term growth and profitability, hoping to maximize the benefits of owners and employees.
In addition to traditional accounting, auditing and tax services, our service industry team can provide assistance to professionals in the following areas:
Strategic planning
Profitability analysis
Budgeting and forecasting
Operations review
Cash flow management
Incentive-based compensation structuring
Key performance indicator (KPI) development
Pension and profit sharing guidance
Technology consulting and support
Bank financing assistance
Internal control review
Forensic/fraud services
Merger and acquisition facilitation
Business succession planning
Not-for-profit organizations
Reducing your administrative burden so that you can focus on your mission. Faulk & Winkler has a long history serving the not-for-profit industry in a variety of capacities. For several of these organizations, we serve as the auditor reviewing their accounting practices and related financial statements. Alternatively, we provide outsourced CFO/accounting support for many of our nonprofit clients. In this capacity, we have a significant positive impact to their financial situation. Additionally, we have enhanced our auditing skills as a result of our experience in this area. Our experience with our not-for-profit clients also includes preparation of their federal Form 990.
Our not-for-profit team can assist you as follows:
Outsourced CFO and accounting services
Budgeting and strategic planning
Accounts payable and payroll outsourcing
Financial reporting to organization boards
Financial statement auditing
Tax preparation