MacPherson Roche Smith & Associates, and its predecessor firms, having been serving private, public and not-for-profit sector clients of Prince Edward Island and throughout Eastern Canada since 1980. We are proud to be your locally-owned and operated full-service partner whose quality assurance and reliability extends well beyond the traditional areas of audit, accounting and tax. We are proud to offer a full-suite of consulting and advisory services, including but not limited to, the following:
Mergers and Acquisitions
What is the optimal way to finance this purchase or sale? How will taxes affect the purchase or sale?
The purchase or sale of a business enterprise is often the most significant transaction experienced by business owners over the course of their business careers. MacPherson Roche Smith & Associates have over 30 years of experience in assisting clients with the complex issues related to the purchase, sale or merger of business enterprises. Our knowledgeable professionals provide due diligence, taxation, valuation and financing services, together with the value-added operational and strategic advice necessary to structure the transaction and to make the deal work for our clients – now and into the future.
“We could not be happier with the service we received with the recent sale of our business Sundance Cottages. From our first discussions around proper valuation to the closing financials of the sale, every detail was handled with ease. What we most appreciated was the accounting work that needed to be completed with regards to capital gains and taxation, something we were less familiar with. Everyone was prompt and professional in answering our questions and I would highly recommend having this expertise all along the way.”
- Linda Lowther – The Lowther Group
What is my business worth?
Professional business valuations are required for many types of financial transactions and circumstances, including acquisitions, divestitures and mergers, estate and income tax planning, corporate reorganizations and litigated financial matters. At MacPherson Roche Smith & Associates, our experienced team of professionals provide timely, cost-effective and comprehensive valuation reports to support client financial planning and purchase/sale transactions, as well as Expert reports and testimony in litigated financial matters, including marital disputes, claims for damages and tax appeals.
What is your exit strategy? Who will ensure your business thrives long after you’re gone?
Business owners spend a life time running and growing their businesses. Succession planning is a critical part of ensuring the future success for any business. It is essential not to leave your succession plan until you’re considering retirement. A strong succession plan will protect you and your heirs against losses from unexpected illness, death, and taxation. Our approach will ensure you have the necessary talent and skills available when needed, and that essential knowledge and abilities will be maintained when employees in critical positions leave.
Market Analysis and Feasibility Analysis
Is the market large enough to justify this investment? Will the labour market support our operations? How should I structure the financing, so as not to hinder our existing operations?
Making sound decisions based on factual evidence is always the right move. Our consulting professionals can help you obtain the information and assist you in making sound fact-based decisions. You can benefit from our experience in conducting market analysis and/or feasibility studies across various industries, including food and beverage, ICT, advanced manufacturing, biosciences, retail/wholesale, agriculture and aquaculture, and tourism.
“We have worked with MacPherson Roche Smith & Associates on key strategic consulting projects. We are impressed with their efficiency in project management, diligence of analysis, and clarity of insight. MacPherson Roche Smith & Associates has the knowledge and skills to boil complex issues down to a clear message and plan. We will work with them again.”
- Sebastian Manago, CEO – Food Island Partnership
Operational Reviews and Economic Impact Studies
What kind of impact do we have on our community? Are we operating according to guiding policies and procedures? Are we optimally structured to deliver our mandate?
Having a trusted third party provide an objective review of your operations to ensure your operational structure supports your mission and objectives and that financial reporting mirrors the current reality is invaluable. Operational reviews allow your organization to evaluate how well they are following policies and procedures, allocating resources, using cost-effective measures and more importantly, how well you are prepared to meet future challenges.
What are your competitors doing? What projects are you investing in, and why? How can you deliver your products and/or services more efficiently?
These are common questions in an increasingly global market place categorized by continuous change. When trying to optimize short-term performance while sustaining your long-term growth and competitive positioning, a current strategic plan or roadmap is a critical reference tool to keep you working towards and accountable to your goals.
“MacPherson Roche Smith & Associates under sold and over delivered on their commitment to our projects. I was truly impressed by the level of interest and detail that went into the consultant’s approach to understanding the history, concept and the business model we are trying to achieve.”
- Jeff Stanley, Director of Tourism & Economic Development Municipality of the County of Richmond
Business Planning and Entrepreneurship
Are you starting a new business or looking to change direction?
MacPherson Roche Smith assists a wide range of clients in preparing comprehensive Business Plans, including product costing, market assessments, corporate organization and tax planning strategies, financial projections and cash-flow forecasts for a variety of industry sectors, including biosciences, ICT, manufacturing and processing, agriculture and aquaculture, food and beverage, retail/wholesale, healthcare facilities, transportation and construction. Our industry-specific knowledge and experience will add real value and insight to your Business Plans.
What funding options are available to me? How do I prepare to give myself the best chance of obtaining funding?
Creating successful funding proposals can be very challenging and time consuming. Our consulting professionals at MacPherson Roche Smith have prepared funding applications and proposals to government agencies, research councils, chartered banks and private investors as well as post-secondary educational institutions. Among the sectors we have worked with include renewable energy, bioscience, information and communications technology, food technology, post-secondary education and financial services.