BarnesSaly & Company, LLP | 201 Atlee St. | Johnstown, PA 15905 | (814) 288-1544









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    photo Agriculture and Farming

    Today's farmers do much more than tend to crops or cattle - whether by choice or necessity, they must also function as businessmen, with an acute eye always trained to the future. Like most other industries, farmers are also faced with countless challenges and changes, dealing with issues like changing environmental regulations, specialization, efficiencies, and commodity futures. And whether you raise chickens or grow corn, or sell to local markets or to large chain grocers, there's a definite need to stay abreast of business issues more than ever before.

    The professionals of Barnes, Saly & Company understand the risks and opportunities available for today's farmers. We are ready to help you maximize the return on all of your hard work. From strategic tax planning and basic tax returns to estate planning and accounting services, we're ready to help you grow and prosper. Some of the other services we offer that are of benefit to farmers include:

    • Estate planning and transfers
    • Financial forecasts and budgeting
    • Financial statements
    • Personal financial statements
    • Tax planning opportunities


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    photo Banking and Financial Institutions

    Financial services executives are facing more and more challenges each day...not even the local community bank is immune from mega-mergers and globalization. Regulations seem to change daily, customer needs become more complex, and you are expected to stay on top of everything, the least of which is the latest trend impacting the industry.

    Throughout the years, local banking and financial institution leaders have called upon Barnes, Saly & Company for guidance. Our professional staff is adept at interpreting and following the rigorous regulatory requirements faced by financial institutions. Of course we offer the tax, audit and consulting services banks, stock brokerage firms, mortgage bankers, investment money managers, and trust companies need, but we are also experienced in testing federal and state industry compliances and providing audits to regulators. Over the years, BSCO has adapted our services to reflect the needs of the financial services industry. The following is just a sampling of our capabilities:

    • Assurance Services
    • Internal and external audit support
    • Mergers and acquisition due diligence
    • Profitability reviews
    • Tax planning services


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    photo Construction

    There's no doubt that there are a multitude of challenges facing those in the construction business. Whether you're a contractor, mason, or a HVAC professional, today's competitive environment doesn't allow room for error. Barnes, Saly & Company understands the issues that test you daily - from estimates and bids to project management, to bonding and buying capital equipment. Our staff is well-versed on what it takes for you to effectively - and profitably - manage your business.

    In addition to the more traditional accounting and tax services available for construction industry professionals, Barnes, Saly & Company offers you the people, experience, and resources necessary, regardless of whether you're a multi-million dollar operation or a fledgling start-up.

    • Accounting systems for construction costs
    • Bond capacity maximization
    • Business succession planning
    • Business valuation
    • Cash flow analysis
    • Equipment acquisition
    • Financial and tax depreciation planning
    • Overhead review
    • Sales, use, and property tax analysis and consulting
    • Tax compilation and planning
    • Workers compensation reviews


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    photo Extractive Industries

    Traditionally, Western and Southcentral Pennsylvania have been key areas for the mining and extraction of natural resources. Much of the coal, oil, and natural gas that fuels the nation - and the nation's economy - comes from our neck of the woods. And today, more than ever, the companies that make a business of natural resources face countless business challenges, from price volatility to rising capital costs, and political and regulatory changes and imbalances, making strategic planning difficult. This is how the professionals as Barnes, Saly & Company can help.

    Companies involved in mining and extraction face accounting, taxation and auditing situations and opportunities specific to the industry, for example, the special tax provisions designed to provide economic incentives. Barnes, Saly & Company has hands-on experience in dealing with such issues and can help clients capitalize on these incentives. Some of our other services for this industry include:

    • Assurance services
    • Feasibility studies
    • Internal and external audits
    • Mergers and acquisition due diligence
    • Profitability reviews
    • Tax planning services


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    photo Governmental Units & Public Agencies

    Heavily regulated and monitored, the financial workings of municipal and government entities must be reported in accordance with strict government standards, and accounting firms must be able to meet the challenges - and constant changes - in governmental reporting and compliance requirements.

    Barnes, Saly & Company understands what we need to do to maintain the highest degree of accountability and performance in order to comply with government standards. For more than 50 years, we have been working with governmental clients in many areas, and we have audited municipalities and other governmental entities with revenues in ranging from several hundred thousand to more than $90 million.

    In addition to traditional accounting, auditing, tax and consulting services, we offer specific capabilities in municipal and government accounting. We'll help you untangle the red tape, operate more efficiently and maintain compliance. Our qualified team can provide unparalleled assistance to your entity in the following areas:

    • Annual debt statements
    • Audits in accordance with the Single Audit Act and OMB Circular Number A-133, as well as a host of other services related to single audit process compliance
    • Authority and special district audits
    • Compliance with the latest accounting and reporting requirements
    • Financial data for public debt issuance
    • Forensic/Fraud accounting services
    • Internal controls
    • Municipal budgeting
    • Shared services feasibility studies


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    photo Healthcare - Medical and Dental

    The challenges facing the healthcare industry - increasing regulations, an aging population, and cost control issues - continue to grow. This is why professionals in the healthcare industry require so much more than traditional accounting services from their accounting firm. Our experience in healthcare - including physicians, dentists, oral surgeons, orthodontists, and chiropractors - spans more than 15 years. We have worked with individual medical and dental practices of all sizes as well as long-term care facilities and assisted living facilities. Barnes, Saly & Company offers not only general services, like financial statement reviews and compilations, tax return preparation, and payroll services, but also services that provide long term value to our medical and healthcare clients, including:

    • Business valuation
    • Feasibility studies
    • Medicare and Medicaid cost reporting
    • Tax compliance
    • Tax planning


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    photo Insurance Agencies

    Nowadays, insurance can come from many providers - not just the traditional agency - sparking fierce competition, severe cost control measures, and public outcry over premiums. Roll in the agency consolidations and reorganizations and an aging population whose need for a variety of insurance products has quadrupled, and you've got a group of agency owners and professionals in need of expert advice and assistance.

    At Barnes, Saly & Company, we have served a variety of insurance agencies. In addition to providing traditional accounting, audit, and tax and consulting services, we offer a full range of industry-specific business advisory services designed to increase your profitability, improve your competitive position and reduce operating costs:

    • Due diligence reviews
    • Litigation support, mediation and settlement
    • Operational audits, including efficiency studies, internal control reviews and recommendations for key functions
    • Mergers/acquisitions/divestitures
    • Special audits and projects
    • Tax compliance
    • Tax planning


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    photo Law Firms

    A successful law practice takes more than providing sound legal advice for your clients and winning cases. It also takes strong management and cohesive operating procedures. Barnes, Saly & Company understands the unique challenges you face when it comes to running your firm. In addition to traditional accounting, auditing, and tax planning and compliance services, we'll advise you on how to maximize operating efficiency and build a profitable practice.

    We have been serving attorneys in many capacities, from the office to the courtroom, as well as in their personal lives, for many years. In addition to our law firm advisory services, we provide expert witness and litigation services to support your client needs. We can help you with:

    • Budgeting and forecasting
    • Business succession planning
    • Cash flow management
    • Financing assistance
    • Internal control review
    • Law firm profitability analysis
    • Operations review
    • Partner compensation plans
    • Pension and profit sharing plans
    • Tax compliance
    • Tax planning


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    photo Manufacturing

    Globalization has forever changed the manufacturing industry. Gone are the less complicated days of focusing solely on domestic materials and labor. As a result, manufacturers are always searching for new sources of raw materials, ways to reduce labor costs, and ways to improve "time to market", all the while manufacturing better quality products for less.

    Barnes, Saly & Company works with a variety of manufacturing clients who struggle with these issues every day. Our clients come from industries as diverse as steel foundry and fabrication to apparel, among others, but share many common needs. Knowledge of these types of businesses is an integral part of our practice. We offer a full range of accounting and management consulting services to help our clients grow and operate efficiently. These include:

    • Acquisitions and divestitures
    • Accounting systems integration
    • Audited financial statements
    • Cash flow analysis
    • Financing assistance
    • Fraud prevention
    • Internal audit planning
    • Inventory management an costing
    • Profitability analysis
    • Restructuring and reorganization
    • Sales, use and intangibles tax
    • Tax planning & compliance
    • Valuations


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    photo Not-For-Profit

    Donations are declining, both at the corporate and individual levels...governmental assistance is dwindling...regulations are changing...and all the while, agency accountability is rising. How do today's not-for-profit organizations survive - and thrive? Professionals, like those at Barnes, Saly & Company, who help these organizations to deal with these issues. Our extensive experience includes a broad range of not-for-profit clients and organizations with annual revenues from under one million to multimillion-dollar entities. Our clients serve a wide variety of community needs and interests, including education, economic development, religion, social causes, the arts, foundations and trade associations.

    In addition to traditional accounting, auditing and tax services, we offer a full range of not-for-profit business advisory services designed to increase revenues, improve operational efficiency, and reduce costs. We'll help you meet your objectives with:

    • Audits in accordance with the Single Audit Act and OMB Circular Number A-133, as well as a host of other services related to single audit process compliance
    • Compensation and Benefit Planning
    • Strategic Planning, including business plans and reviewing accounting and/or bookkeeping needs
    • Financial Consulting, including identifying potential areas of improvement, monitoring compliance regulations, and providing financial information as needed
    • Pledge accounting and discounting of long-term pledge receivables
    • Tax planning, including completing or reviewing applications for exempt status and providing guidance in identifying other potential tax issues


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    photo Professional Services

    From engineers to architects, and real estate agents to consultants, as a certified public accounting and consulting firm, Barnes, Saly & Company understands your professional practice from both a service and business perspective. With more than 50 years of growth and success in the services industry, we are uniquely qualified to assist numerous professional service providers in achieving their business objectives.

    In addition to traditional accounting, auditing, tax planning and compliance services, we can assist you in maximizing your operating efficiency so you can focus on providing the highest quality services to your clients. Our services are customized to include those that help you maintain profitability and ensure growth.

    • Bank financing assistance
    • Budgeting and forecasting
    • Business succession planning
    • Business valuation
    • Cash flow management
    • Estate planning
    • Forensic/fraud services
    • Information systems consulting
    • Internal control review
    • Litigation support services
    • Mergers & acquisitions
    • Operations review
    • Partner and employee compensation plans
    • Pension and profit sharing plans
    • Profitability analysis


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    photo Real Estate

    From managing mortgages and property rentals to developing commercial property and multi-million dollar shopping centers, companies can make real estate investments profitable ventures, but only with acute market awareness and careful strategic planning.

    Barnes, Saly & Company's team combines creativity, tax planning and business consulting acumen to take advantage of changing interest rates, new tax laws or market cycles that can affect the profitability of core business operations. Our professionals provide real estate entrepreneurs with the tools necessary to make smart investment decisions. And when you're looking to buy or develop property, we provide the necessary due diligence to determine and forecast the viability of the venture. And after the deal is done, we plan aggressive tax strategies and make recommendations for profitable management.

    For businesses with real estate concerns, we work to determine the best way to handle property to build our clients' bottom lines. Some areas of consideration:

    • Assisting in mortgage refinancing
    • Buying versus leasing
    • Cash flow analysis
    • Computing breakeven on rental properties
    • Leasing back sold property
    • Segregating costs to accelerate depreciation
    • Separating operating entities from real estate


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    photo Retail

    As a retailer, you know all to well the challenges of remaining profitable in a highly competitive and changing business environment. Our Barnes, Saly & Company staff of industry specialists have assisted countless retailers just like you and know what we can do to help you prosper.

    Our clients include many family and closely-held businesses with single to multiple store locations, selling a variety of products and services, including automobiles, equipment, electronics, flooring, clothing, jewelry, floral products, food and beverages, groceries and more! We'll help you operate more cost-effectively, enabling you to stay focused on your market and your customers' needs. In addition to traditional accounting, auditing, tax and consulting services, we provide a full range of industry-specific business advisory services designed to increase your profitability, improve your competitive position and reduce your operating costs:

    • Audit and Accounting Services
    • Business consulting on a variety of topics
    • Business Valuation Services
    • Estate and Business Succession planning services
    • Information technology accounting
    • LIFO accounting
    • Litigation support services
    • Retail inventory method
    • Tax planning and preparation services


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    photo School Districts

    Now more than ever, school districts operate within a complex and ever-changing environment, which inevitably puts an increased demand on available resources. Barnes, Saly & Company recognizes these demands and strives to provide resources - through our comprehensive audit, accounting, and consulting services - to help our clients respond.

    Because school districts rely on public funds, accurate financial statements are a necessity in order to assure accountability to their constituents. Thus, providing accuracy of the information is of utmost importance to us. Our audit of a school district's records is conducted in accordance with generally accepted auditing standards and complies with all state and local requirements. We review the system of internal controls and accounting procedures in effect within a district, and our tests are broad enough to allow us to express a qualified opinion on a district's financial statements.

    In addition to providing traditional auditing services, Barnes, Saly & Company assists school districts with numerous other accounting and financial activities, such as:

    • Budget review and projections
    • Implementation of single audit requirements
    • Bond issue management
    • Long-range financial projections
    • Analysis of proposed legislation impact
    • Preparation of Annual Financial Reports (AFR) to the Pennsylvania Department of Revenue


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