Alabama CPA firm helps struggling companies restructure | AccountingWEB

Alabama CPA firm helps struggling companies restructure

Birmingham, AL-based Barfield Murphy Shank & Smith has formed a TurnAround Services Committee (TASC Force) – a team of skilled CPAs assembled to deliver effective turnaround services to restructure struggling companies.

The BMSS TASC Force offers to clients affordable, experienced professionals who analyze financial issues and identify a multitude of opportunities to produce results, as well as numerous accountants to quickly resolve critical financial reporting errors. The TASC Force provides Business Health Checkups, Financial Benchmarking, Human Resource Management, Credit Underwriting Data Assistance, Cash Flow Projections, Cost Control, and other services designed to turnaround financially stressed companies.

"The current slowdown in the economy creates both opportunities and challenges for all businesses. We have the resources and know-how to help businesses capitalize on opportunities and mitigate challenges. Since the inception of our firm in 1991 we have been business advisors helping our clients achieve their goals," explains Don Murphy, BMSS managing shareholder.

Barfield Murphy Shank & Smith has been helping small business owners and closely-held companies with tax planning and compliance, accounting, auditing, and other consulting services for 17 years and together the TASC Force team has over 100 years experience.

The TASC Force is led by the three founding shareholders of Barfield Murphy Shank & Smith - Keith Barfield, Don Murphy, and John Shank.

"The BMSS TASC Force will be a valuable asset to company owners or senior executives who need an experienced team to navigate them through financial difficulties or to supplement their existing internal resources," states Murphy. "Helping businesses turnaround is our objective."

About Barfield Murphy Shank & Smith, PC
Barfield Murphy Shank & Smith, PC is a regional CPA firm located in Birmingham, AL serving closely held businesses in various industries including construction, manufacturing, wholesale & retail distribution, non-profit and financial institutions. We provide the traditional accounting, auditing, and tax services as well as value added services including payroll administration, benefits administration and IT support and consulting. BMSS is the second largest local accounting firm in Birmingham.

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