Complete Financial Advisory Services

Our services are built upon a strong foundation and a unique combination of experience, a credentialed workforce, strategic alliances, all of which qualifies us to meet the needs of today’s rapidly changing business environment.

At DiSanto, Priest & Co., we bring a principled, disciplined approach to all your financial affairs, whether they are state, interstate, national or international in scope.  Click on the categories to the left for more information on our breadth of services. As one of the largest regional advisory firms in Southern New England, we have developed a comprehensive approach to our clients’ personal and corporate financial needs. Please explore our primary service categories below.

Is Your Service Organization Equipped to Deal with an Information Technology Disaster?

Your Guide to Creating a Disaster Recovery Plan

Has your company taken the proper precautions to ensure client data remains safe and accessible even in emergency circumstances? 

Threats to cyber-security, both natural and man-made, are at an all-time high with over 67% of small and medium-sized businesses reporting breaches in 2018*. When crises occur, service organizations must act quickly to resolve any and all related issues, otherwise, they run the risk of losing clients to competitors. Luckily, investing in the creation and upkeep of a Disaster Recovery Plan can help your organization quickly recover when disaster strikes. 

A Disaster Recovery Plan (DRP) is a written plan that outlines in detail the steps that need to be taken to reestablish normalcy after an emergency occurs. A DRP should be comprehensive of all disasters that may impact an organization, including but not limited to: tornadoes, lightning strikes, blizzards, electrical fires, water pipe bursts, and cyberattacks.

Download our white paper now to learn more about what to include in a Disaster Recovery Plan and how to implement one in your service organization.

*Statistics from the 2018 State of Cybersecurity in Small and Medium-Sized Businesses research report presented by the Ponemon Institute

DiSanto, Priest & Co. SOC 2 Reports

The Service Organization Control (SOC) 2 Report examines the internal controls at a service organization with respect to the trust service principles; Security, Availability, Confidentiality, Processing Integrity and Privacy. At DiSanto, Priest & Co., we’ll ensure that SOC 2 standards are streamlined by detailing all SOC 2 compliance requirements and a comprehensive SOC 2 controls list.

Learn more about how a SOC 2 report will benefit your company by scheduling a free consultation with a member of our team.

A Tailored Approach

At DiSanto, Priest & Co. we understand service organizations and their client base. Together, we work to provide a solution that can save considerable time, money and effort.  We start by first determining if your organization needs a Service Organization Control (SOC) report, walking through the components of SOC 2 vs. SOC 3, to the SOC 2 audit checklist, to the total SOC 2 certification cost. We can also provide a sample SOC 2 report to provide you with an idea of what your organization’s SOC 2 assessment may look like. After looking at every detail, we provide a solution that most closely aligns with strategic and project goals.

Our tailored approach to providing these specific assurance services make it possible for you to approach both existing and prospective customers with confidence and to convey trust and transparency. If you must address subject matter that does not appear satisfied by any of the SOC reports, a customized attestation report using another AIPCA attestation standard may be the missing piece to the puzzle. DiSanto, Priest & Co. can help you find that missing piece with SOC compliance.

Why Now?

At an ever-increasing speed, companies are using outside service organizations to perform activities that are core to their business operations. They do so to focus time, energy, and resources on those activities that are central to their long term success. However, with the need to outsource comes an equally important need for more trust and transparency with the outsourced service company’s operations, processes, and results. Customers need assurance that service organizations can perform as advertised, deliver what was promised, and continue to meet established expectations, year in and year out. Management within an organization that has chosen to outsource want their service organizations to provide assurance over a range of general and industry-specific concerns:

  • Security
  •  Availability
  •  Confidentiality
  •  Processing Integrity
  •  Privacy

Based on this need, we are committed to helping our clients

Other DiSanto, Priest & Company Offerings

  • Service Organization Control SOC 1Report No.1 (formerly SAS No. 70)
    • The SOC 1 report examines internal controls at a service organization that impact user entity’s controls over financial reporting. DiSanto, Priest & Co. handles all aspects of SOC 1 compliance, from looking at SOC 1 Type 1 vs. SOC Type 2 to walking you through every step of the SOC 1 audit report.
  •  Service Organization Control Report No. 3
    • The SOC 3 report involves the same procedures as a SOC 2 certification without all of the details which allows the report to be more widely distributed, and most often used as a marketing tool. DiSanto, Priest & Co. will help you through every phase of the process – from discerning between SOC 3 vs. SOC 2 to all aspects of the SOC 3 audit.

DiSanto, Priest & Co. performs the following Third-Party Assurance (Service Organization Control – SOC) reporting services:

  •  Financial reporting controls
  •  Data security
  •  Privacy
  •  Regulatory compliance
  •  Service Level Agreements
  •  State and Federal Information Security laws

DiSanto, Priest & Co. SOC Reports

At an ever increasing speed, companies are using outside service organizations to perform activities that are core to their business operations.  They do so to focus time, energy, and resources on those activities that are central to their long term success.  However, with the need to outsource comes an equally important need for more trust and transparency with the outsourced service company’s operations, processes, and results.  Customers need assurance that service organizations can perform as advertised, deliver what was promised, and continue to meet established expectations, year in and year out.  Management within an organization that has chosen to outsource want their service organizations to provide assurance over a range of general and industry specific concerns:

  • Security
  • Availability
  • Confidentiality
  • Processing Integrity
  • Privacy

Based on this need, we are committed to helping our clients

At DiSanto, Priest & Company, We Offer:

  • Service Organization Control (SOC 1) Report No.1 (formerly SAS No. 70)
    • The SOC 1 report examines internal controls at a service organization that impact user entity’s controls over financial reporting. DiSanto, Priest & Co. handles all aspects of SOC 1 compliance, from looking at SOC 1 Type 1 vs. SOC Type 2, to walking you through every step of the SOC 1 audit report.
  • Service Organization Control (SOC 2) Report No. 2
    • The SOC 2 report examines the internal controls at a service organization with respect to the trust service principles; Security, Availability, Confidentiality, Processing Integrity and Privacy. At DiSanto, Priest & Co., we’ll ensure that SOC 2 compliance is streamlined by detailing all SOC 2 requirements and a comprehensive SOC 2 controls list.
  • Service Organization Control (SOC 3) Report No. 3
    • The SOC 3 report involves the same procedures as a SOC 2 certification without all of the details which allows the report to be more widely distributed, and most often used as a marketing tool. DiSanto, Priest & Co. will help you through every phase of the process – from discerning between SOC 3 vs. SOC 2 to all aspects of the SOC 3 audit.

DiSanto, Priest & Co. performs the following Third-Party Assurance (Service Organization Control – SOC) reporting services:

  • Financial reporting controls
  • Data security
  • Privacy
  • Regulatory compliance
  • Service Level Agreements
  • State and Federal Information Security laws

A Tailored Approach

At DiSanto, Priest & Co. we understand service organizations and their client base. Together, we work to provide a solution that can save considerable time, money and effort.  We start by first determining if your organization needs a SOC report, walking through the components of SOC 1 vs. SOC 2, to the SOC 1 audit checklist, to the total SOC 2 audit cost. After looking at every detail, we provide a solution that most closely aligns with strategic and project goals.

Our tailored approach to providing these specific assurance services make it possible for you to approach both existing and prospective customers with confidence and to convey trust and transparency.  If you must address subject matter that does not appear satisfied by any of the Service Organization Control (SOC) reports, a customized attestation report using another AIPCA attestation standard may be the missing piece to the puzzle.  DiSanto, Priest & Co. can help you find that missing piece with SOC compliance.

Learn more about how a SOC report will benefit your company by scheduling a free consultation with a member of our team.

Is Your Business Thoroughly Evaluating and Monitoring its Vendors and Subservice Organizations?

Your Guide to Securing Outsourced Services as a Third-Party Service Provider 

Does your organization have the proper procedures in place to protect clients’ data? Are you at risk of losing business due to a lack of documentation? 

Now more than ever, companies are taking extreme precautions to ensure their data remains secure – especially when doing business with vendors or subservice organizations. Of course, providing services that save a business time and money is a huge benefit, but there can be major risks involved. Thankfully, SOC reports offer ways that third-party contractors can assure businesses are doing their due diligence.  

A SOC report, specifically a type 2 report, is an internal report that describes the controls in place at a company to safeguard customer data and it speaks to how effectively those controls are operating. In fact, more and more businesses are willing to terminate a relationship with a third-party service provider in favor of a competitor who has a SOC report available.

Download our white paper now to learn more about how SOC reports can help you hold subservice organizations accountable when it comes to data privacy.

An Expert Business Appraisal Can Increase Your Company’s Value

An expert business appraisal by Bentley Consulting Group, LLC, will help you, the business owner, gain an understanding of the business’s worth and could even increase the value of your business. We analyze the industry, the economy, the outlook, as well as the company itself. An in-depth analysis serves as an indispensable benchmarking tool to isolate and understand a company’s trends, growth patterns, and overall financial condition. Important value drivers include recurring revenues, high profit margins, and growth.

Thinking About Retirement? Groom Your Business For Sale

Our extensive operational analysis offers a sense of objectivity and can greatly aid the CFO in managing the company’s financial planning, financial risk, capital structure, financing, forecasting, and in developing appropriate strategies to ensure the company’s success in the future. A strong analysis of external and internal value drivers is critical to valuing the company and grooming it for sale in order to maximize your company’s valuation.

Maximize Your Company’s Appraisal Value

When considering the sale of your business, assurance of a nominal return requires the use of strategic business appraisal methods to attain high firm valuation. Our professionals not only have years of experience but also provide representation on a national level as members of boards of the American Institute of Certified Public Accountants.

Appraisals Aren’t Just For Selling Your Business – We Can Also Help With

  • Estate and Gift Tax Planning
  • Divorce
  • Buy-Sell Agreements
  • Stock Option Plans
  • Succession/Exit Planning
  • Shareholder Disputes

Receive a Free Consultation from an Industry Leading Partner at Bentley Consulting Group, LLC

 Give us a call, or contact us to receive a free consultation regarding your business appraisal.

An Expert Business Valuation Can Increase Your Company’s Value

An independent, expert business valuation by Bentley Consulting Group, LLC, will help you, the business owner, gain an understanding of the business’s worth and could even increase the value of your business. We analyze the industry, the economy, the outlook, as well as the company itself. An in-depth analysis serves as an indispensable benchmarking tool to isolate and understand a company’s trends, growth patterns, and overall financial condition. Important value drivers include recurring revenues, high-profit margins, and growth.

Groom Your Business For Sale

Our extensive operational analysis offers a sense of objectivity and can greatly aid the CFO in managing the company’s financial planning, financial risk, capital structure, financing, forecasting, and in developing appropriate strategies to ensure the company’s success in the future. A strong analysis of external and internal value drivers is critical to valuing the company and grooming it for sale in order to maximize your company’s valuation.

Maximize Your Company’s Valuation

When considering the sale of your business, assurance of a nominal return requires the use of strategic business appraisal methods to attain high firm valuation. Our professionals not only have years of experience and the requisite knowledge but also provide representation on a national level as members of boards of the American Institute of Certified Public Accountants. DiSanto, Priest & Co. is a trusted strategic and financial resource when you are considering selling your business.

Valuations Aren’t Just For Selling Your Business – We Can Also Help With

  • Estate and Gift Tax Planning
  • Divorce
  • Buy-Sell Agreements
  • Stock Option Plans
  • Succession/Exit Planning
  • Shareholder Disputes

Receive a Free Consultation from an Industry Leading Partner at Bentley Consulting Group, LLC

 Give us a call, or contact us to receive a free consultation regarding your business valuation.

Are you Purchasing, Constructing, Improving, or Inheriting Commercial Property?

If so, you may benefit from substantial tax incentives and cash savings by conducting a cost segregation study.

Performing a cost segregation study is a valuable strategy for any commercial property owner. Cost segregation is designed to maximize depreciation and cash flow by using a specialized engineer-based analysis to reclassify purchased, constructed, improved, or inherited commercial property into several, shorter-life assets.

Construction projects are often capitalized on a company’s books as land, which is a non-depreciable asset, and buildings, which are generally depreciated over a 39-year period (27.5 year period for residential rental properties).  However, as a result of our firm’s comprehensive cost segregation studies, we are able to save companies significant upfront tax dollars today by categorizing the property into the appropriate shorter-life asset classifications.

Why Conduct a Cost Segregation Study?

By conducting a cost segregation study, commercial property owners can maximize their depreciation deductions, accelerate income tax deductions, and increase their cash flow. Some of our cost segregation studies have produced ROIs over 1,000%, representing tremendous tax savings.

Without getting into the specific mechanics, cost segregation studies benefit the commercial property owner through increased upfront tax savings and cash flow through corresponding tax deferrals, allowing property owners to see returns within the first year of ownership.

Additionally, by segregating commercial property into individual assets, commercial property owners gain the substantial ability to write off segregated assets (e.g. roof, windows, boilers) should they later become obsolete, damaged, or replaced.

Receive a Free Consultation from an Industry Leading Partner at Bentley Consulting Group, LLC

Give us a call, or contact us via the form above to receive a free consultation from the Director of Cost Segregation services, Leah Szlatenyi, CPA/ABV/CFF, CVA, MSPFP, MST.

As required by U.S. Treasury Regulations governing tax practice, Bentley Consulting Group, LLC informs you that any tax advice contained in this communication (including attachments) was not written or intended to be used for and cannot be used by the recipient or any taxpayer for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

Do You Develop, Engineer, or Construct Commercial Property?

If so, you may be able to provide your clients with substantial tax incentives and cash savings by conducting a cost segregation study.

Performing a cost segregation study is a valuable strategy for any commercial property owner. Cost segregation is designed to maximize depreciation and cash flow by using a specialized engineer-based analysis to reclassify purchased, constructed, improved, or inherited commercial property into several, shorter-life assets.

How Can You Benefit?

Bentley Consulting Group, LLC offers a valuable partnership program that is perfect for those who regularly do business with commercial property owners, including, but not limited to:

  • Accounting firms
  • Commercial builders
  • Commercial real estate developers
  • General contractors
  • Sub-contractors
  • Architects
  • Civil engineers
  • Construction project managers

By partnering with us, you are able to provide your clients with cash flow solutions, prove your commitment to maximizing their ROI, and can generate a positive reputation by referring a proven, value-add partner.

Why Conduct a Cost Segregation Study?

By conducting a cost segregation study, you can maximize your clients’ depreciation deductions, accelerate their income tax deductions, and increase their cash flow. For our clients, cost segregation studies have produced ROIs over 1,000%, representing tremendous tax savings.

Without getting into the specific mechanics, cost segregation studies benefit your clients through increased upfront tax savings and cash flow through corresponding tax deferrals, giving your organization a competitive advantage to provide your clients with returns within the first year of ownership.

Additionally, by segregating commercial property into individual assets, commercial property owners gain the substantial ability to write off segregated assets (e.g. roof, windows, boilers) should they later become obsolete, damaged, or replaced – producing an incentive to repeat business.

In actuality, your participation in a cost segregation study requires little time and effort, especially when compared to the benefits of establishing a long-term business relationship with the commercial property owner.

Your Clients Can Receive a Free Consultation from an Industry Leading Partner at Bentley Consulting Group, LLC

Give us a call, or contact us via the form above to touch base with our experienced Director of Cost Segregation Services, Leah Szlatenyi, CPA/ABV/CFF, CVA, MSPFP, MST.

As required by U.S. Treasury Regulations governing tax practice, Bentley Consulting Group, LLC informs you that any tax advice contained in this communication (including attachments) was not written or intended to be used for and cannot be used by the recipient or any taxpayer for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

An Expert Business Valuation Can Increase Your Company’s Value

An expert business valuation by Bentley Consulting Group, LLC, will help you, the business owner, gain an understanding of the business’s worth and could even increase the value of your business. We analyze the industry, the economy, the outlook, as well as the company itself. An in-depth analysis serves as an indispensable benchmarking tool to isolate and understand a company’s trends, growth patterns, and overall financial condition. Important value drivers include recurring revenues, high profit margins, and growth.

Thinking About Retirement? Groom Your Business For Sale

Our extensive operational analysis offers a sense of objectivity and can greatly aid the CFO in managing the company’s financial planning, financial risk, capital structure, financing, forecasting, and in developing appropriate strategies to ensure the company’s success in the future. A strong analysis of external and internal value drivers is critical to valuing the company and grooming it for sale in order to maximize your company’s valuation.

Maximize Your Company’s Valuation

When considering the sale of your business, assurance of a nominal return requires the use of strategic business appraisal methods to attain high firm valuation. Our professionals not only have years of experience but also provide representation on a national level as members of boards of the American Institute of Certified Public Accountants.

Valuations Aren’t Just For Selling Your Business – We Can Also Help With

  • Estate and Gift Tax Planning
  • Divorce
  • Buy-Sell Agreements
  • Stock Option Plans
  • Succession/Exit Planning
  • Shareholder Disputes

Receive a Free Consultation from an Industry Leading Partner at Bentley Consulting Group, LLC

 Give us a call, or contact us to receive a free consultation regarding your business valuation.

Are you purchasing, constructing, improving or inheriting commercial property?

If so, you could benefit from a cost segregation study.

Historically, tax professionals have categorized realty acquisitions and newly constructed realty property into two asset classes: land and building. Land is not depreciable and, depending upon the building’s purpose, the building is depreciated over a 39 year or 27.5 year recovery period.

A cost segregation study allocates the property into two further asset classifications: land improvements and tangible personal property. This way, property owners can depreciate the “carved out property” into shorter lives—specifically, 15 year, 7 year and 5 year lives.

Why They Matter

These studies benefit the taxpayer through improved cash flow by virtue of upfront tax savings and corresponding tax deferrals. Essentially, such benefits are derived from two sources:

  • Increased deductions arising from costs being shifted from nondepreciable land to depreciable property (land improvements); and
  • Time value of money impact of accelerating depreciation deductions to earlier tax years.

For example, if a building were placed in service in 2019, every $100,000 carved out as tangible personal property will yield a depreciation deduction of $100,000 versus $2,500 if it were treated as a building. As can be seen, significant tax savings were achieved, primarily due to the special “100% bonus first-year depreciation allowance.” Therefore, using the same example every $100,000 carved out as tangible personal property will yield Federal tax savings ranging from $21,000 to $37,000.*

An additional and often substantial benefit of a cost segregation study is that it allows property owners the ability to write off the segregated assets (e.g. roof, windows, boilers, etc.) should they later become obsolete, damaged, or replaced.

We Help You

We work closely with the client, the client’s accountant, the construction engineer, construction manager, engineers and appraisers to break out portions of the realty and assign the associated costs into the proper asset categories. Because cost segregation is factually intensive, we rely upon a myriad of tax court cases, rulings, memorandums, pronouncements and promulgations issued over the past 40 years as support for the study.

Give us a call or contact us to receive a free consultation to determine if a cost segregation study can maximize your deductions.

In connection with our analysis, we issue a comprehensive report that includes explanations on the segregation of the property, testing procedures, estimated tax savings, as well as a detail of the various pronouncements and tax court cases relied upon. Depending upon the size and complexity of the project, hundreds of assets can be identified in a 100-200 page report.

For a free estimate, contact     us today!

*Example assumes building is nonresidential real property. Significant tax savings were achieved through a special “100% bonus first-year depreciation allowance” in effect for qualifying property placed in service between September 28, 2017 and December 31, 2022. Federal income tax savings are dependent upon a variety of factors, including but not limited to form of entity (i.e., C-corporation vs. Pass-Through Entity) and the owner’s personal income tax bracket.

As required by U.S. Treasury Regulations governing tax practice, Bentley Consulting Group, LLC informs you that any tax advice contained in this communication (including attachments) was not written or intended to be used for and cannot be used by the recipient or any taxpayer for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

DiSanto, Priest & Co. SOC Reports

At an ever increasing speed, companies are using outside Service Organizations to perform activities that are core to their business operations.  They do so to focus time, energy, and resources on those activities that are central to their long term success.  However, with the need to outsource comes an equally important need for more trust and transparency with the outsourced service company’s operations, processes and results.  Customers need assurance that Service Organizations can perform as advertised, deliver what was promised, and continue to meet established expectations, year in and year out.  Management within an organization that has chosen to outsource want their Service Organizations to provide assurance over a range of general and industry specific concerns:

  • Security
  • Availability
  • Confidentiality
  • Processing Integrity
  • Privacy

At DiSanto, Priest & Company, We Offer:

  • Service Organization Control (SOC 1) Report No.1 (formerly SAS No. 70)
    • Examines internal controls at a service organization that impact user entity’s controls over financial reporting
  • Service Organization Control (SOC 2) Report No. 2
    • Examines the internal controls at a service organization with respect to the trust service principles; Security, Availability, Confidentiality, Processing Integrity and Privacy
  • Service Organization Control (SOC 3) Report No. 3
    • Involves the same procedures as a SOC 2 examination without all of the details which allows the report to be more widely distributed, and most often used as a marketing tool

DiSanto, Priest & Co. performs the following Third-Party Assurance (Service Organization Control – SOC) reporting services:

  • Financial reporting controls
  • Data security
  • Privacy
  • Regulatory compliance
  • Service Level Agreements
  • State and Federal Information Security laws

A Tailored Approach

At DiSanto, Priest & Co. we understand Service Organizations and their client base. Together, we work to provide a solution that can save considerable time, money and effort.  We start by first determining if your organization needs a SOC report, and then provide a solution that most closely aligns with strategic and project goals.

Our tailored approach to providing these specific assurance services make it possible for you to approach both existing and prospective customers with confidence and to convey trust and transparency.  If you must address subject matter that does not appear satisfied by any of the Service Organization Control (SOC) reports, a customized attestation report using another AIPCA attestation standard may be the missing piece to the puzzle.  DiSanto, Priest & Co. can help you find that missing piece.

Learn more about how a SOC report will benefit your company below, or contact us for a free consultation.

DiSanto, Priest & Co. views accounting and assurance engagements as opportunities. Developing key insights into our clients’ businesses enables us to offer business-specific knowledge to their key personnel.

Our senior professionals assigned to each engagement possess years of experience and in-depth training in attestation, tax, and general business matters. This blend of competence, judgment, and creativity allows us to serve our clients not only for compliance but as trusted business advisors.

In today’s business environment, it is critical that assurance and accounting services are performed by qualified, credentialed, objective professionals. You can rely on DiSanto, Priest & Co. to deliver high-quality services.

Income taxes are at the heart of our firm.  Whether you have business, estate, trust or personal filing requirements, we are here to guide you.  Our tax department has decades of experience from the simplest tax filings to the most complex of situations.  Our services include Federal, State and local taxes throughout New England, the United States and around the world.

We are dedicated to providing exceptional personal client service.  Our team has access to cutting-edge technology solutions to facilitate tax preparation, research, paperless transmission and storage of your documents as well as secure internet portal solutions.

Our tax team engages in active education programs locally and nationally to stay current on complex tax laws for both federal and state filings.  We apply that knowledge to your unique situation taking a customized “one size fits one” approach to your taxes.

The business environment today rewards organizations that are able to not only identify their business risks but effectively and efficiently manage those risks and unleash their true potential. To help you in this endeavor, we offer a broad suite of business advisory services.

 

Bentley Consulting Group, LLC employs credentialed professionals with the years of experience to help you meet your strategic objectives, whether you are looking for tax credit research, strategic planning, cost segregation studies, or business valuations.

 

DiSanto, Priest & Co. is the EB-5 industry’s leading accounting and advisory firm comprised of a dedicated team of professionals with extensive experience and deep credentials in all aspects of the EB-5 program. DiSanto, Priest & Co. provides audit, review, tax and consulting services to many of the Country’s premier EB-5 Funds and Regional Centers. Our EB-5 Practice Group has prepared over 7,000 investor packages for EB-5 investors throughout the world branding DiSanto, Priest & Co. as one of the top EB-5 accounting firms.

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