Financial Due Diligence

What is Financial Due Diligence?

Financial due diligence services help investors and acquisition entrepreneurs understand the drivers of profit and revenue in the business they’re considering buying. This analysis provides a thorough investigation into the financial health of the entity.

It gives you a normalized view of the financials for the historical period, including things like:

  • Normalized EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)
  • Normalized Net Working Capital
  • Normalized SDE (seller discretionary earnings)
  • An evaluation the feasibility of forecasts

Due Diligence Checklist For Buying A Business

Free Download 

Our Due Diligence Services

When it comes to mergers, acquisitions, and significant investment activities, our financial due diligence services stand out. 

At Midwest CPA , we recognize the complexities and uncertainties investors and business buyers encounter when diving into a company’s financials. We specialize in offering a comprehensive examination of the financials, ensuring you’re not just looking at numbers but understanding their implications.

With our expert guidance and tailored approach in financial due diligence, we ensure that you get a clear, accurate, and comprehensive view of your potential investment.

Who We Serve

Our Financial Due Diligence Services Process

When you engage us for financial due diligence services, we follow a 3-part system to make sure you have clear communication throughout the process. We’ll alleviate the stress and provide you with financial clarity at the end. This entire process typically takes between 3-6 weeks to complete.


FDD Preparation

  • Scope Your Project
  • Industry Research
  • Information Gathering
  • Initial Analysis


  • Management Interviews
  • Advanced Analysis


  • Gather Findings
  • Report Writing
  • Review and Finalize

Benefits of Financial Due Diligence Services

Benefit from our financial due diligence services, no matter where your investment interests lie. Because we work 100% online, we’re able to serve clients across the US, and have worked with a number of acquisition entrepreneurs from New York to California. Beyond geographical flexibility, some of the key advantages of partnering with us include:

  • Negotiating power: We routinely find discrepancies that buyers can point to in order to re-trade their deal.
  • Financial Expertise: You'll be working with our team who provide financial due diligence services day in and day out.
  • Mitigate Risks: Identify potential financial risks and avoid making significant investment errors in judgement.

Join hundreds of entrepreneurs

Helping Entrepreneurs Thrive – See How We’ve Made a Difference

Chris is an absolute top notch M&A financial due-diligence provider. He and I have worked on many, many deals together and not only has his advice and services been reliable, accurate and very actionable, but he has been very responsive to client needs and requests. I always am happy to send clients over to Chris because I know that they will be treated and served very well. Keep Chris in your Rolodex!

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Eric Hsu

Midwest CPA helped us during the financial due diligence for the acquisition of an SMB. Chris did a great job communicating with us and the seller, he was very professional and delivered on the things he promised. His deliverable is thorough, organized and easy to read, would highly recommend.

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Alejandro Abdala

Chris and the team have jumped right on cleaning up our books. Received our first monthly review document and it was clear we made the right decision. Easy to read and follow along. A great snapshot of the business and expedient service. I would highly recommend Chris and the team at Midwest CPA for any accounting or bookkeeping services.

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Nicholas Bundzinski

Working with Midwest CPA was an absolute relief. Given our intricate tax situation involving ties abroad, multiple rental properties, and a non-traditional family structure, I was initially overwhelmed by taxes this year. However, Chris was incredible. Not only was he extremely professional from the get-go, but he also provided ample support, simplifying what could have been a very daunting process. His expertise was evident at every step, making everything comprehensible and straightforward. I cannot thank Chris and Midwest CPA enough for their exemplary service. We'll undoubtedly be entrusting them with our future tax endeavors. Highly recommended!

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I am thrilled to leave a glowing five-star review for Chris, who has been an invaluable asset in supporting both of my companies. His consistent dedication, unwavering engagement, and commitment to educating me on accounting and taxation matters have been instrumental in navigating complex taxation situations with ease. Chris goes above and beyond to ensure that all my accounting needs are met promptly and efficiently. His expertise and professionalism shine through in every interaction, making him an absolute pleasure to work with. I highly recommend Chris to anyone seeking a knowledgeable and proactive CPA who has knowledge is M&A due diligence, accounting, and tax strategy; and genuinely cares about their clients' success.

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Dominick Blue

Chris is one of the best accountants and it’s not even close. I use him personally and for my business. He is one of the most responsive service providers I’ve ever worked with. My former CPA was great but wasn’t equip to help me as a business owner since the former CPA was focused on personal taxes. Chris has been a truly invaluable partner / collaborator on numerous M&A deals in the small to medium sized business space, providing financial due diligence to various clients that I’ve worked with ranging from a buyer of a demolition company to a buyer of a niche online goods business. LOI If you’re looking for a rock solid CPA or someone that is really good at M&A financial due diligence, look no further than Chris’ firm.

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Matthias Smith

Been working with Chris at Midwest CPA for a few months now. Whenever we have a question Chris is quick to respond. We find him to be very meticulous and efficient in all aspects of our business. Our only regret is that we didn't find him sooner.

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Richard Allen

I highly recommend Chris Barrett and Midwest CPA to anyone looking to acquire a business. Chris is a knowledgable and reliable partner in a process that can be difficult to navigate. Throughout the process, Chris was clear in his communication and prompt with responses - always available when needed. I did not end up acquiring the business I hired Midwest CPA to diligence, and I feel confident in that decision thanks to the analysis Chris did and the questions he asked of the seller.

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Stephanie Tysdal

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Jun 2024
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You have questions. We have answers.

  • Every small business owner can benefit from having a dedicated expert working for them to save on taxes and optimize their accounting processes.

    However, the majority of our clients find it makes the most sense to hire our firm for monthly bookkeeping after surpassing $250k/year in revenue.

    If your business has not reached that level yet you can still benefit from having Midwest CPA setup your accounting processes so that you can efficiently run them on your own.

    Further, engaging us for tax planning and tax preparation can provide you with a significant return on investment at any size. If we don't feel like we will earn our fees we will happily refer you to a lower cost provider better suited to your needs.

  • Most firms are generalist firms working with many different types of clients. This leads to them lacking the knowledge and understanding specific to people looking buying and grow small businesses.

    At Midwest CPA, all of our clients are all business buyers and owners. This allows us to communicate with our clients on a different level because we have seen the struggles you face before and understand how to create practical solutions specifically for you.

    We also have gained specialized knowledge of the tax code in the industries we work in. This allows us to provide our clients with tax planning strategies that they will not receive from a generalist.

  • It depends on the size and complexity of your company as well as the types of services you are looking for help with. 

    We currently have clients paying anywhere from $700-5,000/month.

  • We work with all of our clients throughout the year so that we can be strategic and proactive around taxes.

  • This is a common reason we see clients leaving other firms to join Midwest CPA. They feel it is impossible to get a response from their CPA in a timely manner especially during tax time.

    We pride ourselves on providing our clients with outstanding service and for that reason we make a point to respond to all of our clients within 24 business hours. Even if we can’t fully answer your question right away we will be in constant contact with you at every step in the process.

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