Staffing
Focused on People
Running a staffing firm takes entrepreneurial zeal, a gift for motivating and retaining key personnel, and a strong will. Your industry gets hit first - and hard - whenever there’s a downturn in the economy.
How Citrin Cooperman Can Help
With over 40 years of experience advising staffing firms, and with numerous clients in this industry, we understand the common financial challenges that business owners face. Through careful examinations of business structures, costs, and tax strategies, our professionals are able to help organizations save thousands of dollars annually and reach new levels of financial success. At Citrin Cooperman, our clients always have immediate access to experienced professionals who can answer their questions. That’s our promise.
Citrin Cooperman is the nation’s largest provider of accounting, tax, and business advisory services to the staffing industry. Our Staffing Practice currently services over 200 clients, who operate as:
- Contingent staffing
- Direct placement
- Executive search/retained search
- Professional employer organizations (PEO’s)
- Outsource solutions
We are proud to be members/board members of the following organizations:
Income Tax Consulting and Financial Statement Preparation
- Preparation of tax returns and implementation of income tax strategies
- Audited, reviewed, and compiled financial statement preparation
- Multi-State and local jurisdictional tax planning
- Analysis of federal, state and local hiring incentives and tax credits
- International tax consulting
Staffing Industry Merger & Acquisition Due Diligence
- Buy side/Sell Side and lender due diligence
- Quality of Earnings Analysis (“Q of E”)
- Business Valuation services
- Negotiation of financial transactions, Drafting of Letters of Intent (“LOI”)
- Tax structuring
- Assisting staffing owners with preparations for a sale
Business Advisory Solutions
- Budgeting and cash flow analysis
- Business process improvement
- IT Solutions
- Internal Control development and review
- Margin analysis and peer staffing company industry benchmarking
- Design of commission and compensation plans
- Review of financing agreements
- Assist with negotiating financing agreements
"Citrin has provided my business with value well beyond our annual audit and preparation of hundreds of tax filings. Their deep experience and knowledge of the staffing industry drives their ability to be a true partner, assisting us in establishing both our short and long-term business strategy. They are also proactive in providing us with ideas that drive our business forward and connect us with resources that can deliver on these ideas. Finally, they are a pleasure to work with."