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Working with our clients.
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Tax and accounting issues change from indiustry to industry. It’s beneficial to look for
professionals that are experienced in your industry. Their experience can save you
time and money firstly by cutting down on the learning curve on the tax and accounting
issues associated with your business and your industry. And secondly, their knowledge
accumulated from clients in similar types of business helps them know just which tax and
accounting methods will be most beneficial to you and your business.
• Manufacturers
• Farm & Ranch
• Real Estate
• Non Profit Organizations
• Oil & Gas
• Retail
• Wholesale Distribution
• Professional Services
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Our Manufacturing and Distribution team is experienced in tax and
accounting services including:
• Financial Controls, Forecasting and Budgeting
• Accounting, Audit and Tax Planning
• Employee Benefits Planning
• Operational and Internal Control Reviews
• IT System Assessment & Implementation
• Inventory Control Systems
• Mergers and Acquisitions
• Business Valuations
Monitoring your process from manufacturing or distribution through the preparation
of financial statements, our professionals, together with your company
management, can correctly identify areas of concern and assist in the development
and implementation of solutions including:
• Distribution center design
• Material handling logistics
• Material requirements planning systems
• Specialized management information systems
• And other wide ranging manufacturing and distribution industry issues
Contact Mike Schaub if you’d like to discuss how we can help you with your
manufacturing business.
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Carneiro, Chumney & Co. has more than 80 years of experience responding to the
specialized needs of Texas farmers and ranchers. From family farms to vineyards,
food producers and processors, we are dedicated to providing sophisticated
accounting, tax, business consulting and management advisory services. Our
group’s agricultural team is committed to providing the highest quality professional
services to closely held agricultural businesses and family owned farms.
We are leaders in farm accounting and financial statement preparation. We have extensive
experience and training in farm income tax preparation and tax planning services. We
assist farmers and related agri-business owners in structuring business entities, which
allow efficient operation of the business while being sensitive of their desire to minimize
taxes and exposure to liability. We have industry-specific knowledge on agricultural
employment taxes and other farm sales tax matters. We work on farm succession matters
and estate planning matters. Drawing on our expertise in agriculture, we consult with
agri-business owners on an ever-increasing range of business planning and management
issues. We also provide services such as computer accounting software implementation
and training, farm business valuation services, employee benefit and compensation
planning and retirement plan consulting. We also work closely with farm lenders on farm
financing and expansion proposals.
Agricultural pursuits have unique regulatory oversight and risk factors unlike most other
industries. We provide a range of unique agribusiness services to keep your operation
moving forward, including:
• Applications for government assistance programs
• Arranging for new financing and refinancing, in order to minimize your time in costly
applications and increase the likelihood of successful funding
• Assistance in hiring and training of internal accounting staff
• Computerized general ledgers, payroll systems and other accounting services to
provide more timely and accurate financial assessments
• Financial projections and forecasting to generate a future view of your agribusiness and
proactively determine steps to maximize stability and profitability
Members of our agri-business specialty group have the experience and knowledge that
can improve the productivity and profitability of our agricultural clients.
Contact Julie Norton if you’d like to discuss how we can help you with your agri-business.
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Medallion Homes
“It takes a great team to build
great homes and we made the
right choice when we added
Carneiro, Chumney & Co. to
our team.”
Paul Kummer
Executive Vice-President
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Texas real estate owners, users and investors need to meet changing regulatory
requirements and reduce financial risks to achieve sustainable growth.
In working with you, we draw on our industry knowledge and insights, as well as our
understanding of your business, to provide relevant assurance, tax, transaction and
advisory services. Additionally, through our BDO Seidman alliance, we have a network of
highly-skilled resources — professionals with deep experience delivering assurance, tax,
transaction and advisory services within the Real Estate industry.
You benefit from a consistent, seamless, high-quality service, which helps you compete
more effectively and meet your goals.
We have a varied array of industry-specific services to assist real estate
entities, including:
• Audit and accounting
• Analysis and due diligence of proposed real estate transactions
• Internal audit services and risk consulting, including internal control evaluation and
reporting in connection with Section 404 of the Sarbanes-Oxley Act
• Cash flow modeling utilizing ARGUS software for real estate entities and in connection
with property acquisitions, financing or budgeting
• Business and real estate valuations
• Consultation and plan preparation regarding distressed property refinancing
or disposition
• Assistance in preparation of cash flow and operational budgets
• Special auditing of construction expenditures of projects under development
• Lease audits and CAM revenue reviews
Our tax-specific real estate services also include:
• Tax compliance
• Consulting regarding efficient tax planning for dispositions of real estate and other
proposed real estate transactions
• Cost segregation studies to increase tax depreciation through identification of assets
with shorter recovery periods
• Mergers and acquisitions: planning and structuring
• International tax planning and structuring
• FAS 109 services
• Partnership tax consulting
• UpREIT and downREIT consulting and compliance
Contact Allen Robertson if you’d like to discuss how we can help you with your real estate business.
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Catholic Charities
“The partnership that we have
has been very helpful. If it
wasn’t for Carneiro, Chumney,
we wouldn’t have been able to
improve like we have.”
Steve Saldana
President and CEO
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Nonprofit organizations (“NPOs”) face the profound challenge of balancing society’s
needs with their own need for organizational stability. With today’s tight budgets and
dropping donations, in many cases there is not enough money to be efficient. This
sector is notoriously undercapitalized, and when small surpluses appear, tend to
choose program expansion over organizational stability.
Increasingly accountable to large groups of stakeholders, today’s NPOs are expected to
run more like a business. Carneiro, Chumney & Co. has served as business and financial
advisors to NPO’s for more than 80 years. We work on the premise that organizations
are looking for service from their accountants that goes beyond simply processing
and presenting numbers -- any good firm can do that. An accountant needs a firm
understanding of the NPO’s purpose, operating procedures and distinctive characteristics
in order to apply sound business techniques in addressing organizational issues.
Our professionals are knowledgeable in the significant restrictions to which all NPO’s are
subject. In addition, they are experienced in working with companies subject to the Single
Audit Act of 1996 and OMB Circular A-133 requirements and have met the Continuing
Professional Education requirements as mandated by Government Auditing Standards
(Yellow Book). Our NPO Group leadership stays current with the IR S tax and accounting
issues through participation in state professional committees and national seminars.
The Nonprofit Services Group at Carneiro, Chumney & Co. offers a full range of services
for your organization, including:
• Attestation
• Tax Compliance
• Compensation
• Fraud Detection and Prevention
• Web-based Technologies
• Grant Compliance
• Bookkeeping
• Internal Controls
• Organizational Structure
• Technology Advisory Services
• Strategic Planning
• Employee Benefits
• Personal Insurance and Financial Planning
• Governance
Contact Bob McAdams if you’d like to discuss how we can help you with your
nonprofit organization.
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Concord Oil Company
“When you find someone who
can do the job right, you stick with
them. That is the reason Carneiro,
Chumney & Co. has been our
trusted financial adviser for over
40 years.”
Reagan McCoy
Vice President
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Oil and gas companies need to know how to respond to emerging trends, anticipate
risk effectively, improve performance and operate more efficiently.
In the center of the South Texas oil industry, Carneiro, Chumney & Co. has a clear
understanding of how to do this within your industry. Additionally, through our BDO
Seidman alliance, we have a network of highly-skilled resources — professionals with deep
experience delivering assurance, tax, transaction and advisory services within oil and
gas companies.
We bring people and ideas together to help companies like yours meet the issues of
today—and tomorrow. However complex your challenges, we share information with you
on emerging trends and regulations to help you move forward in your business.
You benefit from support in managing your business more effectively — and understanding
what’s shaping your industry.
Contact Paul Roth-Roffy if you’d like to discuss how we can help you with your
oil and gas business.
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The professionals at Carneiro, Chumney & Co. have been valued business advisors
to retail businesses in South and Central Texas for almost 80 years. We work with a
wide variety of retail and consumer product clients on a myriad of accounting, tax
and other financial issues.
We understand the constant changes affecting this marketplace--increased competition,
economic uncertainty, obstacles to expansion, changing trends and growing inventory
problems, to name just a few. In this volatile industry, success is dependent upon swift
management decisions, accurate prediction of future trends and the guidance of a sound
business adviser.
Our professionals have the experience and knowledge to help you and your business
address industry challenges and manage its unique complexities. Our professionals are
dedicated to helping clients devise, plan and implement business and financial strategies
in alignment with their goals.
Our Retail tax and accounting experience provides a full range of services tailored to help
address the changing needs of retail and consumer product companies in
sectors including:
• Building material and supplies
• Clothing and clothing accessories
• Electronics and appliances
• Food and beverage
• Furniture and home furnishings
• General merchandise
• Health and personal care
• Miscellaneous store retailers
• Motor vehicle and parts
• Non-store retailers
• Sporting goods, hobby, book and music
Contact Eddie Guerra if you’d like to discuss how we can help you with your retail business.
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In the world of wholesale and distribution operations, controlling cash flow and
managing inventory are critical. Our experienced CPAs and accountants can help
you do both: We’ll present you with the best insights into your inventory turns,
margins and cash flow. Over the last 80 years, we’ve helped scores of wholesale
and distribution companies deal with exactly the same issues you’re facing—and
now you get to benefit from all those years of experience.
Let us help you manage your:
• Cash flow
• Inventory
• Equipment purchase or lease decisions
• Cost of transportation
• Cross-border transactions
• Capital investment decisions
• Purchase of a business
• Sale of a business
• Form of business entity
Through our affiliation with BDO Seidman, we can call on the resources of BDO
International Member Firms. With over 30,000 professionals worldwide, BDO Seidman
is adept at coordinating services across the country or around the world to help meet the
needs of our clients. BDO ’s 625 Member Firms are committed to sharing knowledge and
keeping abreast of industry developments to provide high-quality professional guidance
domestically and globally.
Contact Mike Schaub if you’d like to discuss how we can help you with your wholesale
distribution business.
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Generations of trust
“Carneiro, Chumney provides the
expert services that a big corporate
accounting firm can do, but on a
more personal level. I enjoy the
long-term relationship we have and
the personal attention I get.”
A third generation of Peavys is
benefiting from the relationship. Dr.
Peavy’s sons, Daniel and Gardner,
also are Carneiro, Chumney & Co.
clients.
Dr. Dan Peavy
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Professional service firms, more than most types of businesses, recognize
the importance of strong management; you know that good business requires
continued guidance to meet the expectations of both owners and service providers.
The professionals at Carneiro, Chumney & Co. have the resources to help you manage
the challenges and goals unique to your organization — whether your service offerings are
for the legal, architectural, ad agency, consulting or other professional service industries.
Some of our professional services include:
• Accounting systems design
• Administration of profit sharing and pension plans
• Audits, reviews, and compilations of financial statements
• Budgets, forecasts and projections
• Business valuations
• Buy/sell, partnership and shareholder agreements
• Cash management systems
• Compensation formulas and employee agreements
• Employee benefits evaluations
• Employee retirement and welfare planning
• Entity selection—form of organization analysis
• Estate and gift tax planning
• Buying a practice
• Selling a practice
• Personal financial planning
• Practice assessments, internal control, and operational reviews
• Reorganizations
• Representation before the Internal Revenue Service and other regulatory agencies
• Succession planning
• Strategic business planning
• Tax planning and compliance
Contact Mike Schaub or Eddie Guerra if you’d like to discuss how we can help you with your business.
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