Josh Tonneson

In this discussion, Josh Tonneson, an accounting expert from Tonneson Accounting Services, navigates the complexities of a $23 million acquisition involving a Miami contractor. They delve into the contractor’s impressive $52 million backlog and scrutinize its reported EBITDA versus actual cash flow. Josh highlights potential pitfalls like deferred revenue and WIP accounting traps, while the hosts explore the implications of contract transferability and financing requirements. A treasure trove of insights for anyone in the M&A space!