River Ridge, Indiana · Clark County · River Ridge Commerce Center · I‑65 corridor
Harding, Shymanski & Company, P.S.C. serves tenants of the River Ridge Commerce Center — one of the Midwest’s premier industrial and logistics hubs — from its Louisville office at 101 S 5th Street, Suite 1700, just across the Kennedy Bridge. That’s a 10‑minute drive from the Commerce Center’s main entrance. No on‑site office, but over 30 years of expertise working with advanced manufacturers, warehousing and distribution operators, and logistics firms. We know the unique tax and accounting challenges of River Ridge — from cost segregation and R&D credits to multi‑state sales tax and business incentives.
River Ridge Commerce Center: From Ammunition Plant to Advanced Manufacturing Hub
Anyone who’s worked in Clark County for thirty years remembers what this site used to be: the Indiana Army Ammunition Plant (INAAP), a sprawling 6,000‑acre facility that produced propellant and explosives from World War II through the 1990s. After closure, the land sat dormant — contaminated, fenced off, a ghost of wartime industry. But the redevelopment that began in the early 2000s has transformed River Ridge into one of the most successful brownfield redevelopment projects in the country.
Today, the River Ridge Commerce Center is home to over 80 businesses employing more than 7,000 people. The tenant roster reads like a who’s who of logistics and advanced manufacturing: Amazon (massive fulfillment and sortation centers), Clark County REMC, Multimatic (automotive parts), Echo Lake Foods (food processing), Winston Industries (commercial kitchen equipment), Baker Hughes (energy technology), and dozens of warehousing and distribution operators. The park’s infrastructure includes direct rail access (Norfolk Southern and CSX), quick access to I‑65 (just minutes from the Kennedy Bridge), and ample utilities for heavy industrial users.
The River Ridge entrance at the intersection of Highway 62 and River Ridge Parkway is the main gateway, with new buildings continuing to rise every year. The surrounding area — the Charlestown Road corridor and the Port of Indiana-Jeffersonville nearby — provides additional logistics connectivity. For businesses in this park, the accounting challenges are specific and high-stakes: cost segregation on massive warehouse expansions, R&D credits for automation and process improvements, multi‑state inventory tax compliance, and navigating Indiana’s business incentive programs (EDGE tax credits, personal property tax abatements).
- River Ridge Parkway / Main Entrance
- Amazon Fulfillment Center
- Multimatic Automotive
- Baker Hughes Facility
- Winston Industries
- Port of Indiana-Jeffersonville
- Norfolk Southern Rail Access
- Charlestown Road commercial corridor
The River Ridge Advantage: Advanced Manufacturing, Logistics, and Business Incentives
Cost segregation and fixed asset management. When a tenant builds a new warehouse or retrofits an existing facility, the tax implications are massive. Cost segregation studies can accelerate depreciation on components like electrical systems, specialized flooring, racking systems, and automation equipment — often shifting millions of dollars into shorter depreciation lives. Our team works with River Ridge tenants to identify these opportunities and document them defensively for IRS review.
R&D tax credits for advanced manufacturing. Many tenants at River Ridge are engaged in qualifying research — developing new manufacturing processes, improving automation and robotics, testing new product prototypes, and designing customized tooling. These activities often qualify for the federal R&D credit (Section 41) and Indiana’s own R&D credit. We help clients document their qualifying activities and claim credits that directly reduce tax liability.
Multi‑state sales and use tax compliance. River Ridge tenants ship products nationwide — which means sales tax nexus in dozens of states. For warehousing and logistics operators, inventory stored in multiple states creates further complexity. Our team provides multi‑state sales tax compliance, exposure studies, and voluntary disclosure agreements for clients that need to catch up on historical filings.
Indiana business incentives and tax abatements. The state of Indiana and Clark County offer numerous incentives for businesses locating or expanding at River Ridge: EDGE tax credits (Indiana Economic Development Corporation), personal property tax abatements, and training grants. We help clients structure their applications, document compliance, and maximize the value of these incentives.
Warehouse and distribution accounting. Logistics operators face unique accounting challenges: inventory tracking across multiple clients, third‑party billing, fleet depreciation, and fuel tax reporting. Our outsourcing team can provide day‑to‑day bookkeeping and controller‑level support for operators who lack internal accounting staff.
📍 River Ridge insider note: The drive from the River Ridge Parkway entrance to our Louisville office at 101 S 5th Street is about 10 minutes — take Highway 62 west to I‑65 South, cross the Kennedy Bridge, and exit at Brook Street. Most River Ridge finance and operations teams schedule mid‑morning meetings to avoid bridge traffic. We also offer secure client portals for document sharing, and our team is happy to visit your facility for on‑site walkthroughs — cost segregation studies often require a physical inspection.
Specialized Accounting & Tax Services for River Ridge Tenants
All services are performed from the Louisville office at 101 S 5th Street, Suite 1700, with on‑site visits available for cost segregation studies and client consultations.
Office Directions from River Ridge Commerce Center to Our Louisville CPA Office
Our Louisville office is located at 101 S 5th Street, Suite 1700, Louisville, KY 40202 — just over the Kennedy Bridge from River Ridge. Below is the exact Google Maps embed with driving directions from the River Ridge Parkway entrance.
Driving from River Ridge Commerce Center (expert local route)
From the main River Ridge Parkway entrance (at Highway 62): Head west on Highway 62 approximately 2.5 miles to the I‑65 South on-ramp. Merge onto I‑65 South toward Louisville. Cross the Kennedy Bridge (Interstate 65). Take the first exit after the bridge — Exit 136B toward Brook Street. Follow signs to S 5th Street. The building at 101 S 5th Street is between Liberty and Market. Total driving time: 9–12 minutes, depending on bridge traffic.
From the Amazon or Multimatic facilities (south end of the park): Take River Ridge Parkway south to Highway 62, then same route. Ample parking garages available near the office.
River Ridge insider tip: The Kennedy Bridge can back up during morning rush (7:30–8:30 AM) and again at 5:00 PM. Mid‑morning appointments (9:30 AM or later) or early afternoons are smoothest. For clients who prefer us to visit their facility, we’re happy to schedule on‑site walkthroughs for cost segregation studies or inventory reviews — just let us know.
Harding, Shymanski & Company — Serving River Ridge from Louisville, KY
We are a full-service CPA and advisory firm with specialized expertise in industrial, manufacturing, and logistics accounting. Our River Ridge tenants receive the same level of responsive, expert service as our Louisville neighbors, just 10 minutes across the Kennedy Bridge.
📍 Louisville Office (All services for River Ridge tenants)
Harding, Shymanski & Company, P.S.C. 101 S 5th Street, Suite 1700Louisville, KY 40202
Phone: (502) 584-4142
Fax: (502) 581-1653
Website: hsccpa.com
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Ferdinand‑specific resources & links
🌽 Agricultural & farm services: Agricultural Accounting — Schedule F, farm equipment depreciation, and succession planning.
⚙️ Manufacturing & machine shop support: Manufacturing & Wholesale Distribution — cost accounting, R&D credits, inventory management.
⛪ Nonprofit & religious organization accounting: Audit and 990 preparation for Ferdinand’s Monastery and civic groups — we understand the unique governance needs.
📊 Full service catalog: Accounting & Auditing · Tax Consulting · Wealth Management
🏛️ Proudly serving Ferdinand’s unique community — from the Monastery Hill and the 16th Street corridor to the farms and forest edge. Whether you run a fourth‑generation grain operation, a machine shop near the railway, or one of the small businesses that make Ferdinand special, we understand this town’s quiet strength. We’ve been working with Ferdinand professionals for over 30 years — and we’re just down the road on I‑64.
CPA Firm serving Jasper, IN – Harding, Shymanski & Company, P.S.C.
Jasper, Indiana · Dubois County · Heart of the 231 corridor
Harding, Shymanski & Company, P.S.C. serves Jasper’s manufacturers, medical professionals, and family-owned businesses from its Evansville headquarters at 21 SE Third Street, Suite 500 — a straight 45‑minute shot east on I‑64 and US‑231. No local office, but 30+ years of expertise serving Dubois County clients with tax strategy, medical billing, and full-scope accounting. We know the difference between the Newton Street business district and the industrial parks off 18th Street — and we speak Jasper’s language.
Jasper’s Fabric: From the Courthouse Square to the 18th Street Industrial Corridor
Jasper isn’t a bedroom community — it’s a small city with serious economic muscle. Anyone who’s lived here for three decades knows the landmarks by heart: the Dubois County Courthouse on the square (still the center of civic life), Memorial Hospital and Health Care Center (one of the region’s largest employers), and the manufacturing plants that line the 18th Street corridor — cabinet makers, automotive suppliers, and precision fabrication shops that ship products nationwide. The residential fabric is just as distinct: the older tree-lined blocks around Newton Street and Vine Street hold well-kept craftsman homes and brick ranches, while newer subdivisions spread south toward Huntingburg and east toward Ireland.
What sets Jasper apart is its self-reliant, entrepreneurial spirit. Family-owned distributors, tool and die shops, and construction firms have passed through generations. The Jasper River Centre mixed-use development along the Patoka River has brought new loft apartments and small businesses into the downtown core, but the real heartbeat remains the independent operators along Main Street and the professional services clustered near 15th Street. As a CPA firm, we’ve structured entity transitions for third-generation machine shops, handled 990 filings for local foundations, and guided medical specialists at Memorial Hospital through complex compensation arrangements. That’s the Jasper we know.
- Dubois County Courthouse Square
- Memorial Hospital & Health Care Center
- 18th Street Industrial Corridor
- Jasper River Centre
- Newton Street historic district
- Vince Blessing Sports Complex
- Patoka River Walk
- Jasper Shopping Plaza (US-231)
The Jasper Advantage: Manufacturing, Medical, and Main Street Business
Industrial and manufacturing expertise. Dubois County has one of the highest concentrations of manufacturing employment in Indiana — cabinet and furniture makers, metal fabricators, and plastics manufacturers that often operate as S‑corps or LLCs with complex depreciation schedules and R&D tax credit opportunities. Our team works with Jasper factory owners on cost segregation studies, inventory accounting methods, and multi‑state sales tax nexus (many ship across the Ohio River into Kentucky). We also handle business valuations for ownership transitions — a critical need for retiring boomer owners in the trades.
Medical practices and Memorial Hospital affiliates. Physicians, surgeons, anesthesiologists, and therapy clinics in Jasper face reimbursement complexities, group practice partnership structures, and the need for revenue cycle management. Our dedicated HSC Medical Billing & Consulting division works with Dubois County clinics to optimize claim submission and reduce denials, while the tax side handles physician compensation planning and retirement strategies. The drive from Memorial Hospital to our Evansville office is 42 minutes via I‑64 — but most meetings happen virtually or during quarterly onsite reviews.
Retail and professional services along Newton & Main. The businesses around the courthouse square — boutique law firms, insurance agencies, real estate offices, and independent retailers — require proactive tax planning, payroll services, and financial statement preparation. We’ve supported everything from high-end furniture stores to HVAC contractors. The common thread: owners want a CPA who understands Jasper’s unique mix of conservative fiscal culture and growth-oriented ambition.
📍 Local’s note: The drive from the 18th Street industrial park to Evansville’s SE Third Street is straightforward — take US‑231 south to I‑64 west, then exit at US‑41 north. Most Jasper clients schedule in-person meetings for mid‑morning or early afternoon to avoid the 7:30–8:30 AM construction traffic near the Lloyd Expressway. Or we can connect through our secure client portal — your choice.
Full-Service Accounting & Advisory for Jasper’s Diverse Economy
All services are performed from the Evansville office at 21 SE Third Street, with virtual collaboration tools and in‑person appointments available for Dubois County clients.
Office Directions from Jasper, IN to Our Evansville CPA Office
Our only office is located at 21 SE Third Street, Suite 500, Evansville, IN 47708. Below is the exact Google Maps embed with driving directions from the Jasper Courthouse Square and the 18th Street industrial corridor.
Driving from Jasper (expert local route)
From the downtown Courthouse Square (Main & 6th): Head south on Newton Street toward 18th Street, then turn west onto US‑231 S. Follow US‑231 for approximately 12 miles to I‑64 West. Merge onto I‑64 West toward Evansville (about 22 miles). Take exit 29A for US‑41 North into downtown Evansville. Follow signs for SE 3rd Street. Total driving time: 43–48 minutes depending on traffic.
From the 18th Street industrial area: Access US‑231 south directly from 18th Street, then same I‑64 West route. Ample street parking and attached garages available at 21 SE Third Street.
Jasper insider tip: The 4:30–5:30 PM weekday traffic near the I‑64/US‑41 interchange can be heavy — aim for mid‑morning or early afternoon appointments.
Harding, Shymanski & Company — Serving Jasper from Evansville, IN
We are a full-service CPA and advisory firm with deep experience in Dubois County’s unique economy — from family-owned manufacturers to medical specialists and agricultural operations. Our Jasper clients receive the same level of responsive, expert service as our Evansville neighbors, just a 45‑minute drive east on I‑64.
📍 Main Office (All services)
Harding, Shymanski & Company, P.S.C. 21 SE Third Street, Suite 500Evansville, IN 47708
Phone: (812) 464-9161
Fax: (812) 465-7811
Website: hsccpa.com
| Monday – Friday | 8:00 AM – 5:00 PM |
| Saturday & Sunday | Closed |
Jasper‑specific resources & links
🏭 Manufacturing & industrial services: Manufacturing & Wholesale Distribution — cost segregation, inventory management, R&D credits.
🏥 Medical billing for Dubois County clinics: HSC Medical Billing overview — direct support for Memorial Hospital affiliates and private practices.
📊 Full service catalog: Accounting & Auditing · Tax Consulting · Wealth Management
💼 Advisory & succession planning: Business valuation and exit strategies — especially critical for Jasper’s aging business owners.
🏛️ Proudly serving Jasper’s Newton Street historic district, the 18th Street industrial corridor, and the medical community affiliated with Memorial Hospital. Whether you run a cabinet shop near the Huntingburg line or manage a dental practice on Main Street, we understand Dubois County’s rhythm — we’ve been working with Jasper professionals for over 30 years.
CPA Firm serving Owensboro, KY – Harding, Shymanski & Company, P.S.C.
Owensboro · Daviess County · Historic river city & Frederica corridor
Harding, Shymanski & Company, P.S.C. serves Owensboro businesses, medical groups, and residents from its Evansville headquarters at 21 SE Third Street, Suite 500 — a direct 38‑minute drive east on the US‑60 corridor past Panther Creek Park and into the heart of downtown Owensboro. No local office, but full‑service accounting, tax, and advisory support for the entire Owensboro area, delivered with the expertise of a firm that has navigated western Kentucky business for decades.
Owensboro’s Business & Residential Character: From the Riverfront to Wesleyan Park Plaza
Born and raised along the Ohio River, Owensboro doesn’t just talk about barbecue and bluegrass — it lives them. The city’s east side neighborhoods like Historic West Fifth Street and Owensboro’s downtown river district have seen a quiet renaissance over the last fifteen years: new loft apartments, Smothers Park’s sweeping fountain views, and the Bluegrass Music Hall of Fame anchoring a walkable tourist core. Meanwhile, the commercial spine of the city remains Frederica Street (US‑60), which funnels traffic from the bypass all the way to the riverfront. Local business owners know that Frederica is more than an artery; it’s the address for medical plazas, insurance agencies, and family-owned retailers that have weathered every economic shift since the 1970s.
Further south, the Wesleyan Park Plaza area (around Kentucky Wesleyan College) holds a dense cluster of medical offices, dental practices, and professional services — many owned by long-time Owensboro families. The adjacent neighborhoods of Hall Street, Hickman Avenue, and the Griffith Avenue corridor mix mid‑century brick ranches with newer infill construction. Anyone who’s lived here thirty years will tell you: Owensboro is a city of loyalists. You bank where your parents banked, and you refer your CPA the same way. That’s why Harding, Shymanski & Company has built a strong following among Owensboro professionals who value a firm that handles complex multi‑state returns, nonprofit audits for local foundations, and the particularities of Kentucky’s occupational tax.
- Smothers Park & Riverfront Center
- Bluegrass Music Hall of Fame
- Wesleyan Park Plaza
- Frederica Street (US‑60) corridor
- Panther Creek Park
- Historic West Fifth Street District
- Owensboro Health Regional Hospital
- Griffith Avenue commercial node
The Owensboro Advantage: Medical Practices, Retail, and Kentucky Tax Expertise
Medical & dental groups along Frederica and Wesleyan Park Plaza. Owensboro has quietly become a healthcare hub for the western Kentucky region, anchored by Owensboro Health and dozens of specialty clinics. These practices face Kentucky’s unique provider tax structures, insurance credentialing complexities, and the need for detailed cost reporting. The firm’s dedicated HSC Medical Billing & Consulting team works with Owensboro clinics to optimize revenue cycle management while the tax side handles partnership allocations and shareholder compliance — all coordinated out of the Evansville office but tailored to Daviess County regulations.
Generational businesses and family offices. Drive down Frederica Street on a weekday morning and you’ll spot the same names on signage that have been there since the 1980s: lumber suppliers, industrial tool distributors, HVAC contractors, and agricultural equipment dealers serving the surrounding farmland (Daviess County remains one of the state’s top soybean and corn producers). These entities often require succession planning, business valuations, and multi‑entity structures — core advisory strengths of the firm.
Historic homeowners and rental property investors. Owensboro’s near‑downtown neighborhoods — think West Fifth, West Fourth, and the tree‑lined streets around English Avenue — are filled with beautifully restored Victorian and Craftsman homes. Many owners treat them as short‑term rentals or long‑term investments. The firm’s tax team provides expert guidance on depreciation schedules, passive activity loss rules, and 1031 exchange strategies specific to Kentucky’s property tax environment.
💡 Owensboro insider note: The drive from Wesleyan Park Plaza to our Evansville office takes about 35 minutes via US‑60 East. Most clients schedule virtual meetings or annual tax planning sessions in person during off‑peak hours. We also offer secure client portals for document exchange — no need to cross the bridge unless you want to.
Professional Accounting & Advisory for Owensboro’s Diverse Economy
All services listed are delivered from the Evansville office at 21 SE Third Street, with virtual and in‑person availability for Owensboro‑area clients.
Office Directions from Owensboro, KY to Our Evansville CPA Office
All client meetings and service delivery originate from the Evansville location at 21 SE Third Street, Suite 500. Below is the Google Map embed showing the exact office and driving directions from central Owensboro and Wesleyan Park Plaza.
Driving from Owensboro (local expert route)
From Frederica Street / Wesleyan Park Plaza: Head east on Frederica St/US‑60 E for approximately 2.3 miles to the interchange with US‑60 / US‑231. Continue onto US‑60 E (towards Evansville) for 29 miles passing through the scenic Ohio River valley. Take exit onto US‑41 N toward downtown Evansville, then follow signs for SE 3rd Street. The building is at 21 SE Third Street, Suite 500. Approximately 38 minutes, 34 miles.
From Owensboro riverfront / Smothers Park: Take Veterans Blvd to the US‑60 on-ramp east, same route. Ample street parking and garage parking available directly adjacent to the building.
Local tip: Avoid the 8–9 AM inbound traffic near the Lloyd Expressway merge; mid‑morning or early afternoon drives are smoothest.
Harding, Shymanski & Company — Serving Owensboro from Evansville, IN
We are a full-service CPA firm licensed in Indiana and Kentucky, with extensive experience in Daviess County tax law, medical billing compliance, and business advisory. Our Owensboro clients receive the same depth of resources as our Evansville clients — just a short drive east on the US‑60 corridor.
📍 Main Office (All Services)
Harding, Shymanski & Company, P.S.C. 21 SE Third Street, Suite 500Evansville, IN 47708
Phone: (812) 464-9161
Fax: (812) 465-7811
Website: hsccpa.com
| Monday – Friday | 8:00 AM – 5:00 PM |
| Saturday & Sunday | Closed |
Owensboro‑specific resources
🔹 Medical & dental billing: HSC Medical Billing overview — dedicated team for clinics near Wesleyan Park Plaza.
🔹 Kentucky individual & corporate tax: Expertise in state nexus, occupational taxes, and pass‑through entity rules.
🔹 Virtual consultations available: Secure client portals, Zoom meetings, and local pick‑up/drop‑off by appointment.
📘 Full service catalog: Accounting & Auditing · Tax Consulting · Wealth Management · Medical Billing
🏛️ Proudly serving Owensboro’s Historic West Fifth Street neighborhood, Hall Street corridor, and the business community at Wesleyan Park Plaza. Whether you run a dental practice on Frederica or own rental property near Kentucky Wesleyan College, we understand the local landscape — because we’ve been working with Owensboro professionals for over 30 years.
Anthem’s 2026 Reimbursement Changes: What Providers Need to Know
Anthem’s reimbursement policy changes, effective April 1, 2026, will directly impact how providers are paid for preventive services, same-day sick visits, and screening-related care.
If your organization relies on preventive care visits as a consistent revenue stream, these updates aren’t just technical; they’re operational.
Here’s a clear breakdown of what’s changing and what you should be doing now.
Key Takeaway: Same-Day Visits Will Be Paid Differently
One of the most significant updates affects same-day preventive and sick visits under Medicare Advantage plans.
- Preventive visit: 100% reimbursement
- Sick visit (same day): 50% reimbursement
To receive reimbursement for the sick visit, Modifier 25 is required, and diagnosis codes must support both services. This also applies to preventive and wellness visit combinations.
Important exception: Federally Qualified Health Centers (FQHCs) and Rural Health Centers (RHCs) are excluded from this rule.
Preventive Visits Now Include More Services (Bundled Reimbursement)
For commercial plans, Anthem is expanding what is considered part of a preventive visit — meaning fewer services will be reimbursed separately.
Services now bundled into preventive care include:
- Counseling services
- Medical nutrition therapy
- Screening services
- Additional other Evaluation & Management (E/M) services
- Annual gynecological exams
- Prolonged services
- Vision screenings
These services are not eligible for separate reimbursement when performed on the same day as a preventive visit.
Does Modifier 25 Still Work? Yes and No
Modifier 25 is often used to indicate a separate, significant E/M service, but its impact is changing.
Yes, it is still required to report a same-day sick visit. No, it will not override bundling rules for services included in preventive care.
Modifier 25 is still necessary, but no longer sufficient to guarantee payment.
What Providers Should Be Doing Now
With these changes now in effect, the focus shifts from preparation to active monitoring and adjustment.
1. Review Recent Claims Activity
Look at claims from April 1 forward:
- Are same-day visits reimbursing as expected?
- Are you seeing reductions or denials tied to these policies?
2. Identify Revenue Impact
Take a closer look at how these changes are affecting your bottom line. For example:
- How often are preventive and sick visits happening on the same day?
- Are services you previously billed separately now being bundled?
- Are you receiving less reimbursement for common visit types?
Even a quick review can help you spot trends early.
3. Reinforce Documentation and Coding Practices
Ensure providers and coding teams are aligned on:
- When Modifier 25 is required
- When services are no longer separately reimbursable
- Proper diagnosis coding to support distinct services
4. Adjust Scheduling and Workflow as Needed
If certain visit combinations consistently reduce reimbursement:
- Reevaluate how appointments are structured
- Consider whether separating services (when appropriate) makes sense operationally
5. Monitor Denials and Payer Feedback
Track denial trends closely:
- Are they tied to bundling rules?
- Are modifiers being rejected?
Use this data to refine processes quickly.
The Bigger Picture: A Shift Toward Bundled Care
These updates are part of a larger trend: payers are redefining what qualifies as a “separate” service.
For providers, that means less reliance on modifiers alone, greater emphasis on documentation, intent, and visit structure, and more coordination across teams.
Final Thoughts
Anthem’s 2026 reimbursement changes aren’t just about coding. They affect how care is scheduled, documented, and reimbursed.
Organizations that proactively adjust workflows and educate their teams will be better positioned to protect revenue, reduce denials, and stay compliant.
If you’re unsure how these updates will impact your practice, now is the time to evaluate your current processes and make adjustments before they take effect. If you have questions about how these updates apply to your organization, our team is here to help you evaluate your processes and identify potential revenue impacts.
What Buyers and Sellers Should Know About Quality of Earnings
Buying or selling a business is rarely just a financial event. It is a defining moment, one that carries opportunity, risk, and significant financial consequences.
The financial statements may show growth. EBITDA may appear strong. But when valuation, negotiations, and capital are on the line, surface-level numbers are not enough.
You need clarity. You need confidence. You need to know the earnings will hold up.
At Harding, Shymanski & Company (HSC), our Quality of Earnings (QoE) services are designed to provide that clarity so you can make critical decisions from a position of strength rather than uncertainty.
What Does a Quality of Earnings Report Really Deliver?
A Quality of Earnings report goes beyond reported results to evaluate the sustainability and reliability of earnings. It identifies what a business truly earns on an ongoing basis — and where potential risks may be hidden.
At HSC, our analyses focus on:
- Determining whether revenue is recurring and sustainable
- Evaluating and normalizing EBITDA
- Assessing working capital requirements
- Identifying risks such as non-GAAP practices, labor force stability, IT and infrastructure risks, regulatory compliance, etc.
- Reviewing balance sheet exposures and debt structure
- Addressing tax considerations when relevant
The objective is not simply to confirm numbers. It is to provide a clear, defensible understanding of earnings power so you can move forward without second-guessing your decisions.
For Buyers: Protecting Your Investment
When acquiring a business, confidence in the numbers protects more than just price; it protects your capital, your strategy, and your credibility.
Our team evaluates the financial story behind the business to ensure reported performance reflects sustainable operations. We validate EBITDA, assess add-backs, analyze margin trends, and evaluate working capital needs with a transaction-focused lens.
This helps you:
- Enter negotiations grounded in accurate valuation
- Identify financial or operational risks before closing
- Avoid overpaying based on temporary performance
- Minimize surprises after the deal is complete
We understand how diligence findings affect negotiations and deal structure. Our role is to provide clear, objective insight so you can make informed decisions with confidence.
For Sellers: Protecting the Value You’ve Built
If you are preparing to sell, diligence will test both your numbers and your narrative.
A sell-side Quality of Earnings engagement with HSC allows you to prepare proactively. By identifying adjustments, normalizing earnings, and addressing potential concerns before buyers begin their review, you reduce uncertainty and strengthen credibility.
This preparation helps you:
- Defend valuation with confidence
- Reduce the risk of price reductions late in the process
- Respond to diligence questions without scrambling
- Maintain momentum and control during negotiations
Preparation reduces stress. It creates stability during a process that can otherwise feel unpredictable. Most importantly, it helps protect the value you’ve worked years to build.
What Sets HSC Apart
Transactions require more than technical accounting expertise. They require steady guidance, thoughtful communication, and a practical understanding of how financial findings impact real-world decisions.
At HSC, we combine:
- Deep technical knowledge
- Real transaction experience across industries
- A business-minded perspective
- Clear, direct communication throughout the process
We work closely with business owners, private equity groups, investment bankers, lenders, and legal counsel. Our team understands the pressure that accompanies a transaction, and we approach every engagement with professionalism, responsiveness, and discretion.
You will not receive a report in isolation. You will have a team that stays engaged, communicates early, and provides perspective as findings develop.
Our Structured Approach to Quality of Earnings
We follow a disciplined process designed to create clarity without unnecessary disruption:
- Define scope and objectives aligned with your transaction goals
- Gather and analyze detailed financial information
- Identify adjustments, trends, and potential risks
- Deliver a clear, well-supported report with actionable insight
Preliminary findings are communicated as they are identified, allowing you to address issues in real time. Most engagements move from initial data request to preliminary results within three to four weeks, depending on complexity.
Our focus is efficiency, transparency, and meaningful insight.
A Trusted Advisor in Critical Moments
A transaction represents a pivotal point in the life of a business. Decisions made during this period can have lasting financial impact.
At HSC, our Quality of Earnings services provide more than analysis. We provide clarity, credibility, and steady guidance when it matters most.
Whether you are evaluating an acquisition, preparing to sell, or bringing in outside investors, we help you move forward with confidence, knowing the numbers are understood, the risks are evaluated, and the path ahead is clear.
If you’re preparing for a transaction or evaluating your options, our team is here to help you understand the numbers and move forward with confidence. Schedule a confidential discussion with our transaction advisory team.
Harding, Shymanski & Company, P.S.C. is an accounting and advisory firm serving companies, nonprofits, and healthcare organizations from offices in Evansville, Indiana, and Louisville, Kentucky. For more than 50 years, we have helped clients across the United States navigate complex tax, accounting, and transaction decisions. Our Transaction Advisory Services team works with buyers and sellers throughout the deal process to identify risks, evaluate earnings quality, and support confident decisions.