Accounting & Tax Services Assurance Services The Assurance Services provided by Penrod & George are of the highest quality, and this has been recognized in our peer review process. The CPA profession requires all practicing CPA firms who conduct audits to undergo a rigorous evaluation of auditing practices, workpapers, and financial statements every three years. The peer review is conducted by another CPA firm. In our last peer review, Penrod & George received an Unqualified Opinion as to the quality of our audit and review services. Not only did we receive an Unqualified Opinion, but we did not receive a Letter of Comment during our last two peer reviews. We take special pride in the fact that our peer reviewer indicated that he had only reviewed two other firms that did not receive a Letter of Comment. We provide our audit clients with a high level of efficiency from year-to-year and the most effective application of Accounting and Auditing Standards. We will conduct extensive up front planning to help minimize the cost and duration of our audits. We stay in touch with our audit clients throughout the year to help them address issues as they arise. This service approach helps to eliminate surprises during year-end work. Penrod & George has also made extensive investments in technology to make the actual task of recordkeeping, posting of entries, and production of statements as efficient as possible. Our technology is up-to-date and we are committed to keeping the tools of our trade current. Finally, we remain committed to ongoing education for our audit professionals. We are familiar with new techniques, updates to standards for auditing and disclosures, and continually evaluate and streamline our procedures. Our audit service team will provide your financial professionals with exceptional service, technical expertise, and efficiency of all aspects of the engagement. Contact: Mark E. Beaver, CPA Email: mbeaver@penrodcpa.com Phone: 419.636.5633   Fax: 419.636.8432 Tax Planning - Individual & Corporate Privately held businesses and their owners are the most dominant niche within our tax planning and consulting practice. We are well acquainted with the complex tax issues business owners face. Penrod & George invests considerable resources in ongoing education, state-of-the-art technology, and creative thinking to achieve the best results for our clients. The size of our firm enables us to provide high quality technical expertise while maintaining our close client relationships and responsive service. Contact: Thomas F. Moriarty, CPA Email: tmoriarty@penrodcpa.com   Phone: 419.599.8045    Fax: 419.599.3787   Business Valuation Services Business Valuations Penrod & George has extensive experience in preparing business valuations for Companies of many sizes and in a variety of industries. Accurate business valuations are essential to assist business owners in estate planning, to administer incentive pay programs, to structure buy/sell agreements, to allow key employees to receive ownership or to buy and sell companies. Our business valuation experts work not only on the valuation, but to develop substantiation, assist in negotiations, and educate other professional advisors on the derivation of the valuation. Valuations may be a one-time project, or a recurring engagement performed at regular intervals. Our experts will be there for you when you need them. Contact: David E. Rupp, CPA Email: drupp@penrodcpa.com Phone: 419.599.8045   Fax: 419.599.3787   Consulting Services Penrod & George Consulting Most people think of CPA firms meeting only their financial and accounting needs. During our business history, however, we have helped business owners address many operating issues, including all the functional areas of a business. This "whole business" approach to consulting is essential to meet the needs of growing organizations. Issues must be prioritized, and resources committed on an organization-wide basis to effectively manage a growing company. Contact: David A. Reiser, CPA, CPMA Email: dreiser@penrodcpa.com Phone: 419.599.8045   Fax: 419.599.3787 Strategic Planning Our Strategic Planning service focuses in on the entire organization and management team. We have trained professionals who can lead you through the entire planning process and help the company focus on its "big picture" and future results. Our main goal is to help you focus on the critical success factors of your company and the implementation of these factors. The first step in the planning process is a meeting between the CEO and/or business owner and one of our professional consultants. We will discuss the general plan during this meeting and the desired outcomes. The second step is a one or two day planning session with the entire management team. During this session, we will lead the team through a SWOT analysis and introduce other management tools, which we feel are necessary. This is a very critical step in the process, because the best ideas and thoughts typically will come from the management team, and we need their honest thoughts and ideas to make the planning session successful. The final step in the process is to identify the critical success factors that were discovered through the SWOT analysis. We will identify three to five of the most critical success factors and set goals related to these factors that should be obtained in the following twelve months. Our consultants can provide on going support to the management team to help them reach these goals and allow the company to capitalize on the critical success factors as identified. This service is designed for companies that want to energize its management team and set goals for the future benefit of the company. Contact: David A. Reiser, CPA, CPMA Email: dreiser@penrodcpa.com Phone: 419.599.8045   Fax: 419.599.3787   Family Business Services Family Business Planning  Leading a family business is different! You have to balance family issues along with management and ownership issues. We will work to ensure that you manage the generation-to-generation transition successfully. The Penrod and George Family Business Services expertise will help your family business address the unique issues that challenge your organization and plan for those you'll confront in the future. To perpetuate the growth and prosperity of your business, leadership, family, management, and ownership issues must be individually understood and managed, then effectively coordinated. We believe that effective planning will ensure your business can survive a transition into the second and third generations and beyond. We have extensive experience and skills to assist with long range planning. We can help a business in developing a family mission statement and a shared vision for the Company. Once the mission is determined, it must be communicated to family members, non-family employees, non-employed family stockholders, spouses and even children. We can facilitate this process and the communication. We can also work with the board of directors to help the Company meet its objectives. This process may include involving outside directors. Compensation policies for family and key, non-family employees must also be established. Ultimately, to be successful, a family business must change from an entrepreneurial environment to a professionally managed organization that plans for the future. To ensure continuity of the business, the ownership structure must be evaluated. Solutions vary depending on the objective of the business. But Estate Planning, Buy Sell Agreements and Succession Planning can help to assure your objectives will be met over the long haul. We have the expertise to educate, consult, and even implement the appropriate solutions! And of course, the accounting and tax services offered by Penrod & George to businesses and their owners provide "holistic" consideration of all tax and accounting issues. Contact: David E. Rupp, CPA Email: drupp@penrodcpa.com Phone: 419.599.8045   Fax: 419.599.3787   Manufacturing Services Manufacturing Consulting Do you have the answers to these questions? How do we continuously reduce costs to stay competitive? Do I have the capacity to take on that new contract? Have I bid it accurately? Are my inventory levels appropriate? How do we reduce scrap? Do we have the right people to meet our objectives in production and quality? Do we have the necessary technology to stay competitive? Our consultants have worked in the manufacturing industry at all levels of management. Their technical skills cross many disciplines including accounting, costing, systems, quality, and processes. Their experience has been earned in several industries and can be effectively utilized to help you with the following:  Process Analysis and Improvement Customer and Product Profitability Review Manufacturing Systems Design and Implementation Custom Report Development Inventory Management and Operations Review Analysis of Key Performance Benchmarks Activity Based Costing Capacity Studies, Volume Analysis and Scheduling Forecasts and Projections Financial and Cost Analysis Training Seminars Contact: David A. Reiser, CPA, CPMA Email: dreiser@penrodcpa.com Phone: 419.599.8045  Fax: 419.599.3787 Quality Consulting Penrod & George offers a full complement of quality consulting services including quality system design and implementation, ISO 9001 and QS-9000 certification assistance, continuous improvement (Kaizen) systems, Advanced Product Quality Planning (APQP), and internal auditing assistance. With over ten years of experience with several different companies, Penrod & George staff can provide the quality consulting advice you need to help your business succeed. Contact: Scott Galbraith, CPA Email: sgalbraith@penrodcpa.com Phone: 419.599.8045   Fax: 419.599.3787   Outsourcing Services Penrod & George Outsourcing Services Every day something involving your accounting records takes place. Whether it is writing a check to a vendor, receiving payment from a customer, or paying your employees, these tasks take time away from you focusing on the profitability of your business. In today's business world, more and more businesses are outsourcing their accounting to professionals like Penrod & George to accurately and efficiently manage the every day accounting tasks. We have successfully implemented a customized outsourcing program, at a fixed monthly fee, that includes the following services: Monthly Writing vendor checks Recording customer payments Maintaining fixed asset records Writing payroll checks Financial statements Quarterly Payroll reports Annual W-2s Financial statements Federal, state, and local tax returns Contact: David A. Reiser, CPA, CPMA Email: dreiser@penrodcpa.com Phone: 419.599.8045   Fax: 419.599.3787       Technology Services     Quickbooks and Peachtree Software Implementation At Penrod & George we have a variety of clientele in need of a new or updated accounting software package to handle their everyday accounting needs. We have trained professionals on staff who handle the implementation of two software packages that have proven to help businesses manage their operations more effectively. Quickbooks and Peachtree are both user friendly products that will aid business owners and managers in making better decisions and gaining a better understanding of the numbers. If your business or someone's business that you know could use one of these products, we can implement it with the use of one of our trained experts. Contact: Tari S. Hockman Email: thockman@penrodcpa.com Phone: 419.599.8045   Fax: 419.599.3787