Featured Testimonial: ShredAway USA

BY Bauman Associates

Shred Away Document Management Tax Accounting Business Advisory Services Testimonial for Bauman Associates CPA Firm

I could have thrown away over $7,000 in tax savings without Bauman’s advice!

At ShredAway USA, my document management/destruction services help my clients avoid throwing their business out with the trash. Working with Bauman Associates, Ltd. assured me I wouldn’t do the same with my own business profits! They looked at my operation from a whole different perspective. By adapting strategies from industries similar to mine, the professionals at Bauman showed me how I could save considerable tax dollars and optimize my bottom line.

J. Schwieters
ShredAway USA
Eau Claire, Wisconsin


You’re Invited to Attend: Protecting Your Business 2016

BY Bauman Associates


We work with entrepreneurs and business owners in all phases of the business life cycle, helping them get started on the right foot, navigate the inevitable growing pains and when the time is right, prepare for transition out of the business and into their next adventure. Whether you’re forming a brand new company, entering a growth phase or anticipating retirement or another opportunity, we’re here to help you Protect Your Business so that you can succeed and thrive.

On December 14th & 15th, our experienced professionals will speak to business owners and entrepreneurs in our community on the following subjects:

Business Valuations

Why are businesses appraised?  What are the steps that a business valuation expert uses to value a business?  What items affect the value of your business?  Businesses may need a valuation for a variety of reasons, including mergers or acquitions, internal succession, buy-sell agreements, financing, income tax reasons and more.

Topics we’ll cover include:

  • Overview of the business valuation process
  • Key items that affect the value of a business
  • How to improve the value of your business

We will review a sample valuation report, explain what factors go into determining the value of a business and show how owners can use this information to increase the value of their businesses.

Exit Strategies

It’s helpful to know what your business is worth.  But even more helpful is knowing what you’ll have left over after paying income taxes when you sell the business.  We’ll look at some of the exit strategies available when selling or transferring a business and how you can maximize the after tax cash flow from selling your business.

Topics we’ll cover include:

  • Importance of planning in advance – WELL in advance
  • Effect of business legal structure on income taxes – current and future
  • Non-taxable transfers of ownership vs. Taxable transfers of ownership
  • Income tax considerations of asset sales
  • Income tax considerations of stock sales
  • Financing the sale


Fraud and cyber crimes are at an all-time high. Businesses of all kinds are susceptible to fraud in various forms. Business owners today need to be diligent in order to protect their business and their customers.

Topics we’ll cover include

  • The types of fraud
  • Discuss the cost of fraud to a business
  • Share various case studies on how fraud has been committed
  • Review the fraud risk factors and internal control assessments

During the event, attendees will also enjoy networking, lunch and an informative roundtable.

Presenters: Jay Grokowsky, CPA; Nathan Kalepp, CPA; Joshua Schroeder, CPA



Wednesday, December 14th

8:30 am – 2:00 pm

Holiday Inn, Eau Claire



Thursday, December 15th

8:30 am – 2:00 pm

Hudson House, Hudson




Creating Your Small Business Exit Strategy

BY Jay Grokowsky

Do you know what will happen to your business when you retire? By necessity, many busy small business owners spend all of their time thinking about the here and now, with little opportunity to focus on the future. But your company’s long-term survival -— and your own retirement security -— may depend on establishing a realistic and workable exit strategy.

Set a retirement date

Here is your first question: When do you plan to quit working? You may have a general idea of the age range when you would like to retire, but now is the time to set a precise date. That gives you a timeline to work with, which will make all your other planning easier.

Consider your options

The next essential question: Who do you expect will take over your business? Many companies make one of two choices: either someone buys the company from you or a family member or employee takes over as chief executive when you retire. It is important to consider which one is the most realistic option so that you can ensure a smooth transition down the road. Depending on your plans, there are different steps you should take now to ensure a smooth transition.

If you plan to sell

If you are going to sell your company to another business or individual, you will need an accurate idea of what it is worth. You should get a business appraisal when you are ready to sell; but it may be a good idea to get one now, even if there are many years until your planned retirement. An appraisal can help to spot your company’s strengths and weaknesses so you can analyze how those attributes impact its overall worth.

The information in the appraisal can be used to make changes that improve operations, sales and revenues and make you a more competitive player in the marketplace. Those steps will help increase your company’s value and its appeal to potential buyers at the time you decide to sell.

If you plan to promote from within

It is always a good idea to have a current idea of your company’s worth, but there are also other necessary factors to consider if you are hoping that someone within your company will one day take over the reins of leadership. The first question, of course, is who will that person be? Is there a very talented younger employee who you believe could one day take over? If so, begin grooming him or her now. This includes introducing the employee to key clients, increasing his or her level of responsibility and including the person in decision making whenever possible.

Even if you expect to sell your business, it is a good idea to have a promising future leader ready to take over the reins. In most cases, a potential buyer will be happy to see that there is someone in place to carry on.

There are many possible exit strategies available to small business owners. No matter which you choose, it will be a good idea to have an accurate sense of the company’s worth and to have a strong management team in place. Our firm’s professionals can help you develop a strategy to suit your business. Call us today.

Featured Testimonial: T. & A. Oberg

BY Bauman Associates

We have always been happy with your services.

Our accountant is always helpful with questions whether it’s tax time or not! Thank you.

T. & A. Oberg
Hudson, Wisconsin