Now more than ever, businesses small and large are looking to save. Here at Haynie & Company, we have worked with businesses and individuals across the country to overcome a wide range of challenges in wake of the pandemic. Our professional CPAs at our branch in Austin, in particular, continue to see an influx of startups and corporations alike as businesses run from the high costs of coastal cities. As such, there have been a tremendous number of mergers and acquisitions, providing our business valuation CPAs with plenty of work.
But our business valuation CPAs here at Haynie & Company know full well that their expertise spreads far beyond estimating the market cap of pre-IPO businesses. Even small businesses with no intent of selling require an understanding of their value. Whether you’re laying out the budget for the next quarter or figuring out how many you can add to your salesforce, it’s impossible to come to the correct conclusions without a precise understanding of what your business is worth, and under what circumstances.
Meanwhile, Haynie & Company’s office in Austin has taken on more clients for another reason: Businesses across the country are shedding their accounting departments. We believe that this can be a cost-effective strategy. Our expert CPAs have seen too many businesses replace their accounting staff with only software and the staff member with the highest math education. This leaves little room for error, and none for the countless contributions that a proper accounting staff provides to any business. One such contribution is that of business valuations.