Financial Due Diligence

Get an in-depth assessment of a business by engaging an expert to perform financial due diligence services.

We decipher the numbers and ensure that your investment decision is backed by clarity, precision and confidence. 

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What Is A 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:

Financial Due Diligence Checklist

Midwest Due Diligence Checklist

Are you considering buying a business? Make sure you do your homework first.

Get started by downloading our free financial due diligence checklist.

This comprehensive checklist  has been designed by our team to help you assess all the key financial areas of a business that you’re considering for acquisition.

Our Due Diligence Services

When it comes to mergers, acquisitions, and significant investment activities, our financial due diligence services stand out. It’s what people talk about on Twitter.

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.

"My accountant who I hired a month ago replies to emails at 1am! He has impressed the crap out of me and is now working on financial due diligence for @PIONEERCAPADV clients.

He is doing a Q of E lite for a client taking out a $3.6 million SBA. Be responsible and you earn business in any walk of life. That's the tweet."

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.



Financial Due Diligence Preparation





Book A Due Diligence Consultation Today!


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:

Our Promise to You

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Our financial due diligence services delves deep, ensuring no stone is left unturned. We’re committed to providing you with a comprehensive view of your potential investment.

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Insightful Analysis

With our expertise, we don’t just present numbers; we provide insights. Our analysis will highlight potential risks, opportunities, and areas of concern, ensuring you’re well-equipped to make the best investment decisions.

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Your trust is paramount. Rest assured, our findings and recommendations are unbiased, objective, and designed solely to support your investment goals.

Will Gano
Will Gano
Chris is the real deal. He is efficient, thoughtful, and great to work with. He helped me with financial diligence, including q of e, for a manufacturing business.
Matthias Smith
Matthias Smith
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.
Jackson Speaks
Jackson Speaks
Chris was incredible to work with. He delivered our QOE well before the expected date.
Dr G
Dr G
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!
John Matusewic
John Matusewic
Working with Midwest CPA was a treat. I always dread doing my taxes but the team at Midwest CPA made it easy. They walked me through all my choices were extremely responsive and professional. I can't recommend them enough and intend to rely on them heavily as I continue to grow my business.
Stephanie Tysdal
Stephanie Tysdal
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.
Max Emory
Max Emory
Midwest CPA is an amazing tax strategy, tax prep, and bookkeeping firm! They are very knowledgeable especially when it comes to real estate investing and small business acquisitions. They are masters of income and tax optimization. I highly recommend them!
Jon Kelly
Jon Kelly
Navigating a business acquisition can be a high-stress endeavor that demands precision, speed, and expertise. In our recent acquisition of a roadside repair company, Chris Barrett proved to be an absolute asset, exceeding all expectations. Quick and Thorough: With an incredibly tight timeline, Chris delivered a comprehensive quality of earnings report that addressed every nuance of the roadside repair industry. His insights went far beyond mere numbers, diving deep into complex elements like revenue streams and cost structures. Always Available: Chris's exceptional availability was a game-changer. No matter the hour, he was just an email or phone call away, ensuring our project remained on track and our questions were promptly answered. Clear Communication: Chris has a gift for making complex financial data accessible. His clear and concise reporting streamlined the decision-making process, allowing all stakeholders to proceed with full confidence. On Time, Every Time: Despite the pressure of tight deadlines, Chris delivered high-quality, punctual work that enabled us to move forward with the acquisition in a timely and confident manner. In summary, Chris Barrett is an exceptional CPA who thrives in high-stakes, time-sensitive scenarios. His meticulous work, 24/7 availability, and unparalleled communication skills make him an invaluable asset for any business acquisition. Highly recommended!
Highly responsible, diligent. Looking forward to working with a Chris on several of our businesses.
Jen Burno
Jen Burno
Chris was very attentive and answered all of my questions in a timely manner. Very knowledgeable in his field.

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Frequently Asked Questions

The due diligence period is a specified timeframe during which the buyer conducts a thorough investigation of the business’s financials, operations, and other critical areas. It allows the buyer to confirm details, identify potential issues, and decide on proceeding with the acquisition.

Financial Due Diligence is crucial in mergers and acquisitions to identify potential financial risks, validate the information provided by the seller, and determine the true value of the business. It helps buyers make informed decisions, negotiate better terms, and ensure a smooth transition post-acquisition.

Quality of Earnings (QoE) is an essential component of Financial Due Diligence. It assesses the sustainability and quality of a company’s earnings, ensuring they are derived from core business operations and are likely to continue in the future. QoE analysis helps in identifying non-recurring revenues, expenses, and other financial anomalies.

While Financial Due Diligence focuses on evaluating a company’s overall financial health. Tax Due Diligence specifically examines the company’s tax compliance, potential tax liabilities, and opportunities for tax savings. Both are essential in understanding the complete financial picture of a business.

The duration of the Financial Due Diligence services can vary based on the size and complexity of the business being evaluated. Typically, it can range from a few weeks to several months. It’s essential to ensure thoroughness and accuracy, so the process shouldn’t be rushed.

Our typical project takes between 3-6 weeks.


Yes, a Financial Due Diligence can identify hidden or undisclosed liabilities, ensuring a transparent understanding of a business’s financial position but it is not a financial audit. 

An audit is a specific kind of engagement that checks if financial statements follow accepted accounting standards (usually GAAP in the US).

On the other hand, financial due diligence tries to find patterns and explain them. It also shows a normal version of certain numbers like earnings before interest, taxes, depreciation, and amortization (EBITDA), seller discretionary earnings (SDE), and net working capital (NWC).

So, even though someone doing financial due diligence might look at audited financials (if available), these two processes are quite different.

Each engagement is different, so contact us for an exact quote.

Most of our projects will cost somewhere between $10-20k. This will vary based on the size and industry of the target company as well as the scope of work required.

We bill half of our fee up front with the second half due with the delivery of our report. 

The majority of our clients are buying businesses between $1-10MM. 

It is typical for companies under $10MM to have unsophisticated accounting systems. This makes bad records very common.  

We are equipped to handle these challenges and utilize whatever is available to determine the true earning power of the business you are buying so that you have maximum clarity. 

Most of our clients are purchasing businesses between $1-$10MM. However, even if your deal is smaller than that reach out and we’ll let you know if we can help. 

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