Financial, Estate & Tax Planning

Financial planning

Building and preserving your personal wealth requires specialized attention. We give you one-on-one guidance and a comprehensive financial plan that helps manage risk, improve investment performance, and ensure the growth and longevity of your wealth.

We can help you…

• Save enough for a comfortable retirement by identifying your retirement needs, analyzing your assets and sources of retirement income, reviewing estimated shortfalls, and identifying the best ways to save for retirement given your financial situation and risk tolerance.

• Pay for your child’s college education by accurately estimating the amount of money you’ll need, analyzing your assets, reviewing estimated shortfalls and considering general alternatives and strategies to help address these potential shortfalls, and developing an optimal savings plan given your financial situation and risk tolerance.

• Protect your family in case of you become disabled by ensuring you have enough money in your emergency fund and analyzing your life, disability, health, home, and auto insurance coverage. We also review your will and various powers of attorney designed to take care of your affairs in the event you are incapacitated and can’t manage them yourself.

• Achieve your investment goals by identifying the steps needed to maximize your investment returns as well as the steps needed to help minimize your risk while building increased predictability of your investment returns.

• Leave a legacy for your heirs by maximizing the value of your estate by saving tax dollars, professional fees, and court costs. As well as minimizing the costs of probate, creditors, lawyers, and estate taxes, which can negatively impact the value of your estate. We also help you stay in control of your affairs by providing a road map for passing your estate on to your heirs.

A financial plan’s true value comes with its implementation. We not only can help you develop your plan but we can work with you to be sure that it is implemented properly and then follow the progress of the plan to be sure that it stays on track and identify if any adjustments need to be made as time progresses.

Estate planning

Estate planning is something that too many of us keep putting off. It seems as if there will always be time to get around to it. However, waiting can have adverse affects on both your finances and the people you care about, causing you to lose a substantial portion of your estate to taxes. If you get the right planning now, you can help soften the blow of estate taxes later. Estate planning is one of the specialties of Laydon & Company. We strive to address the following as part of our goal to help you preserve your hard earned assets as possible.

• Provide financial security for loved ones
• Prevent your assets from being transferred to unintended beneficiaries
• Protect your assets, should you become incapable of communicating your intentions
• Reduce estate taxes
• Transfer ownership of a business (or other assets) to loved ones, partners or employees with a minimum amount of transfer tax.
• Provide liquidity and ongoing cash flow for those responsible for administering the estate.
• Minimize current and future taxes and income tax.
• Provide for a favorite charity.
• Fund educational expenses for children or grandchildren.
• Provide an adequate safety net for lifetime contingencies such as disability or death of a spouse.
• Avoid probate and other administrative costs.
• Avoid legal hassles or disputes with third parties, including tax authorities.
• Maintain flexibility in the overall estate plan to be able to adapt to changing circumstances.
• Maintain control over or ensure competent management of assets.
• Minimize exposure to liabilities that could consume one’s assets.
• Ensure that assets ultimately pass to intended parties.
• Avoid disputes among family members or business owners.
• Avoid complexity in the estate plan and in the specific techniques used to implement the plan.


Your most important tool for business success is sound financial management with a focus on overall profitability. Enterprises with great potential fail every year due to lack of a sound financial management plan.

The issue many businesses face is the time, and possibly the expertise, necessary to properly plan. Many businesses become inundated with daily operational decisions which leaves little time, if any, for planning. Putting out fires and keeping the balls in the air can consume your efforts.

Our management consulting services go beyond everyday tax and accounting work and can play a vital role in helping your businesses make better use of your resources and increasing your company’s efficiency and profitability.

The areas that Laydon and Company professionals can assist you and your business with include:

• Strategic business planning
• Financial planning and analysis
• Long-range planning
• Business and practice management
• Business valuations
• Litigation support
• Assistance in obtaining financing
• Corporate finance and capital raising
• Inventory management and control
• Cost accounting
• Operational audits
• Merger and acquisition assistance
• Capital investment
• Operations analysis
• Technology implementation
• Compliance with government regulations

Forensic Investigations

The forensic accounting experts at Laydon and Company combine their knowledge of accounting with investigative skills to both prevent and detect fraud. In addition to being certified public accountants, our professionals are also credentialed as Certified Fraud Examiners (CFE), demonstrating a specialization and focus on forensic accounting and fraud investigations.

We are committed to keeping our clients’ assets safe from fraud and abuse. However, when fraud, theft or embezzlement is suspected, our fraud detection and forensic accounting team has the investigative training to uncover subtle discrepancies that are easily overlooked by untrained eyes.

Fraud Examination

The motivation for a fraud examination varies from client to client. Some clients request an examination to identify internal controls needed to prevent fraud. Others enlist us to gather evidence for a specific purpose to:

• Determine if fraud is occurring
• Support a criminal or civil action
• Terminate a dishonest employee or defend an accused individual
• Support an insurance claim
• Determine if assets or income were hidden by a party to a legal proceeding

Fraud Detection

Evidence of fraud is often hidden in procedural and operations records. Our process starts with a detailed review of an organization’s books, electronic and print files and bank records. It also includes personnel interviews, assessment of internal controls and careful observation of practices, procedures and behaviors that can signal unlawful action.

Our practical, in-depth analysis has a wide variety of applications, including:

• Criminal and civil investigations
• Shareholder and partnership disputes
• Business interruption, property loss and employee dishonesty insurance claims
• Business or employee fraud investigations
• Marital disputes, often focusing on tracing and evaluating assets
• Business economic losses linked to contract disputes, construction claims, expropriations, product liability claims, trademark and patent infringements or breach of non-compete agreements
• Professional negligence investigations
• Mediation and arbitration

Fraud Prevention

Our fraud prevention team assesses the efficiency of existing internal controls – the most important deterrent to most types of occupational fraud. We look for controls that are missing or can be overridden, then make recommendations for improvement. Our list of fraud controls is always changing to reflect the latest advances in technology and information access. It covers a wide range of financial, human resource and management practices, including:

• Limiting access to company mail to prevent unauthorized appropriation of cash receipts
• Limiting access to account receivable records
• Limiting access to payroll systems and records
• Ensuring that electronic or printed bank statements are viewed only by the owner/manager
• Limiting access to inventory, counting it regularly and monitoring gross profit
• Periodically reviewing the vendor list to verify account payables
• Limiting the number of check signers and reviewing supporting documentation
• Accounting for sequences in checks, invoices and other pre-numbered items
• Requiring supporting documentation before approving general journal entries
• Monitoring exception reports of unprocessed transactions
• Monitoring budgets monthly
• Establishing reasonable performance targets
• Performing background checks on all new employees
• Requiring uninterrupted employee vacations and rotating employee responsibilities
• Noting sudden changes in employees’ attitudes, behaviors or lifestyles
• Providing employees with a way to report fraud or abuse anonymously
• Being clear with employees about behavioral expectations
• Taking strong action against individuals who commit fraud
• Conducting business at a high ethical standard
• Obtaining reasonable fidelity bond coverage

Litigation Support

Individuals and businesses face a rising wave of costly lawsuits and complex business disputes. In this increasingly hostile environment, Laydon and Company’s highly experienced professionals work with attorneys, delivering high-level, comprehensive and timely litigation support services.

As part of the legal team, our professionals contribute insights and clarity to counsel. We work with attorneys to help them more fully understand the financial data gathered in a case, determine what additional data needs to be collected, and then analyzing the data collected. Attorneys have relied on Laydon and Company for our expertise and honest evaluation of the financial merits of a case.

We assist in theory development, discovery, assessments of risk and damages exposure. We analyze complex financial, accounting and tax issues and deliver results in a clear manner easily understood by the courts and judiciary. Our analyses also help counsel assess the strengths and weaknesses of the opposing party’s positions.

We provide expert witness testimony, assist in developing questions and answers for interrogatories and depositions of witnesses, and evaluate settlement proposals and potential judge or jury verdicts.

Our professionals work both as consulting experts and expert witnesses. As consulting experts, we work “behind the scenes” for an attorney. Our work becomes part of the attorneys work and is subject to the attorney-client privilege. In this role we act as consultants to an attorney. As expert witnesses, we work to develop opinions based upon the facts of a case and offer those opinions in written reports and expert witness testimony. As expert an expert witness, our work product is generally subject to discovery by opposing attorneys.

Laydon and Company provides litigation support services in various types of litigation including:

Family Law

Shareholder Disputes

Economic Damages / Lost Profit Claims

Medical / Dental Practices

Laydon and Company has extensive experience with clients in the healthcare industry, including medical and dental practices ranging in size from sole practitioner to multi-provider groups.

The challenges a health care provider faces in today’s economic environment are daunting. Cash flow gets tighter and tighter each year as healthcare regulations increase and reimbursements decrease. Your time is best spent providing health care services and generating revenue. As a busy health care professional, you don’t always have the time or expertise to monitor your overhead expenses and maximize your A/R collections.

You need an advisor who will give you the confidence that your business is getting the necessary oversight while you focus on your patients.

Our dedicated Health Provider Service Group has helped many health care providers run their offices more efficiently and productively. Our experienced professionals are familiar with the specialized issues that affect individuals and practices in the health care field.

Our team of professionals take the time to understand all aspects of your business operations and needs. We help you overcome the many challenges your practice faces from maximizing returns and building profits to increasing efficiency of practice operations.

We are able to handle the diverse needs of physician and dental practices through the provision of a full range of accounting, auditing, tax and advisory services.


Private Clubs

The demands of managing a private club are constantly increasing. Your time is at a premium as you work to enhance your members’ club experience while controlling expenses and recruiting new members. Laydon and Company’s Private Club Services professionals understand your needs and the challenges you face and have the first hand experience needed to assist your private club ensure those needs are met.

Laydon and Company’s Private Club Services business service model is designed to maximize the value you receive from our firm while, at the same time, minimizing staff turnover and the disruption that can often occur when a traditional model CPA firm comes into your office. No longer will your personnel be required to spend their time training your CPA firm’s staff. No longer will you call to speak to the accountant assigned to your club, with whom you have built a rapport, only to find that person has once again left the firm.

Our Private Club Services professionals can assist you with the following:

  • Financial Statement assurance services
  • Tax compliance and consluting
  • Internal control design, review and assessment
  • Assistance with budgeting and forecasting
  • Identification of member verus non-member revenue streams
  • Compensation planning
  • Cash flow management
  • Capital budget forecasting
  • Strategic planning
  • Real-time data analysis
  • Bank financing consulting and assistance