Impact Seven gains efficiencies and improves financial reporting by transitioning to Baker Tilly for audit and tax services

Impact Seven, Inc. is a not-for-profit affordable housing developer and certified Community Development Financial Institution focused on helping communities make significant strides toward revitalizing distressed housing and diminishing economies. They also manage several Small Business Administration and U.S. Department of Agriculture loan programs, provide venture capital and are part-owner of a community development bank.

Impact Seven works with many funding tools like New Markets Tax Credits and Low Income Housing Tax Credits, so the financials and the accounting behind those financials is complex. In an effort to gain some efficiencies and improve their financial reporting, Impact Seven decided to consolidate their audit and tax work with one service provider. Finding an accounting firm who not only understood their complex compliance needs but could also help bring their business to another level was important.

Baker Tilly understands that transitioning to a new audit and tax team is an important decision for an organization because it can be challenging. Listen as audit and tax partners Krista Pankop, Wayne Schiferl and Jeff Blattner explain how they approach onboarding a new client to ensure they are minimizing the burden on the client and making it an efficient process.

Impact Seven CEO, Brett Gerber, and Vice President of Finance, Paul Gunther, talk about what they were looking for in a business advisor and why they chose Baker Tilly based on the firm’s collaborative team, depth of industry specialization, tax expertise and dedication to Exceptional Client Service. They go on to share their perspective on how Baker Tilly planned for and executed the transition, and how they feel now.