Brown Smith Wallace professionals bring a unique perspective to client service. Many of our subject matter experts previously worked at Big 4 accounting firms, large corporations or have otherwise developed a breadth of industry experience. The in-depth knowledge and expertise that this experience affords them is matched with our firm’s hands-on client service.
Our professionals not only serve clients throughout the St. Louis metro, but also the greater Midwest, the U.S. and internationally. We have experience serving clients across the United States and around the globe. Additionally, as an independent member firm of Moore Stephens North America, we can expand your reach and connect you with knowledgeable professionals across the country and the globe.
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- Lowering Compliance Costs
Challenge: A client was looking for a local auditor to help lower their costs, provide additional consulting pursuant to business growth and offer advice on their credit card security practices and compliance (PCI DSS).
- Preventing a Wireless Hack
Challenge: A client was skeptical that its outsourced technology partner securely implemented their guest wireless network. The client did not have the expertise in-house to test this.
- Maturing a Patch Management Process
Challenge: We presented disappointing year-over-year results to the client’s audit committee that the organization’s system and application patch management processes were leaving many systems vulnerable. The organization’s lean IT department didn’t allow for a new resource to manage this critical process.
- Building Secure Web Applications
Challenge: The client had fragmented and inconsistent processes when they developed custom websites for their clients. This led to applications that were vulnerable to common web attacks. After getting dinged on audits and failed vulnerability scans, they asked us to recommend some best practices.
- New Framework for Financial Reporting Valuation Results in Zero Audit Questions for PE Firm
- Forming a Captive Insurance Company
Challenge: A multi-billion dollar contractor was looking for ways to cut costs and improve profitability in light of recent economic conditions. Brown Smith Wallace helped it establish a captive insurance company. We advised the company on how to set up its captive to serve as a reinsurer so that it would cover the layer previously retained via a large deductible policy. This enabled the client to document and capture all of its subcontractor's risks in order to pass the costs onto the subcontractors.
- Court Case Highlights Importance of Reputable Service Providers
- State Tax Apportionment Strategy Saves Company $850K
- Establishing Nexus
Challenge: A company, doing business entirely within one state, was filing its tax return correctly. However, it was discovered that if the company was subject to allocation and apportionment the majority of its sales would be allocated outside its home state.
- Consolidating Results
Challenge: During the review of a new client's state tax return, we noticed the company had filed separate state income tax returns since the company's inception. This resulted in an elected over payment.