January / February

Showing 513–528 of 563 results

  • Succession story – Estate planning for family business owners

    January / February 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1132

    Abstract: Many families invest a lot of time, energy and resources into building successful businesses but pay little attention to how their companies will make the transition from one generation to the next. According to a 2008 study by Campden Research, Protecting the Family Fortune, a majority of affluent family business owners “are not implementing succession plans, don’t have asset protection strategies and are not updating estate plans, leaving their professional and personal interests vulnerable.” Failure to address succession is risky: According to the study, only 15% of family businesses survive past the second generation. To improve your odds and protect your family’s wealth, review this article for strategies to ensure your succession is successful and the tax impact is minimized.

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  • The home sale exclusion may be more limited than you think

    January / February 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 620

    Abstract: The capital gains tax exclusion for home sales may be the best-known provision in the tax code. But it’s also widely misunderstood. Many people assume they can sell their homes tax-free, but that’s not always the case. And a recent tax law change further limits the exclusion for certain sellers. This article looks at the eligibility requirements for the home sale exclusion so that homeowners don’t receive an unpleasant tax surprise when they go to sell their homes.

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  • Ensuring your business structure is the right one

    January / February 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1133

    Abstract: Selecting the right business structure — either C corporation, S corporation, limited liability company (LLC), partnership or sole proprietorship — for your business is a complex decision that requires you to consider a number of interrelated tax, liability and administrative factors. There’s no one right answer because it depends entirely on your circumstances, which may change over time. That’s why it’s essential to periodically review your business structure. This article focuses on some of the factors that will affect whether you keep your current structure or, if needed, elect a new one.

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  • Less can be more — When calculations offer an alternative to valuations

    January / February 2009
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1035

    Abstract: Calculations can be an efficient, economical alternative to detailed, written valuation reports — but only under the right circumstances. This article explains what a calculation is, identifies the pros and cons, and considers some examples of when a calculation might (or might not) work. The article notes that whether or not a calculation will work depends on the engagement specifics, including the appraisal’s intended use, the interest being valued and the availability of information.

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  • Statistics add value to appraisals

    January / February 2009
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 604

    Abstract: Statistical analyses can supplement an appraiser’s professional judgment, adding sophistication and credibility to the business valuation. This article looks at regression analysis and uses an example to illustrate how a regression analysis can help an appraiser build stronger, more defendable valuations. The article points out that regression analysis, like any statistical tool, cannot substitute for a valuator’s judgment and experience.

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  • How fraud affects value — and valuation

    January / February 2009
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1455

    Abstract: Businesses lose an average of 7% of their annual revenues to fraud, according to the 2008 Report to the Nation on Occupational Fraud & Abuse issued by the Association of Certified Fraud Examiners. This article discusses what fraud consists of, how it may affect value, and how appraisers take fraud risk into account when valuing companies. The article points out, however, that appraisers need to beware of double-counting the effect of fraud risk on value, which may cause them to undervalue business interests.

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  • Only words? Forensic document examinations consider content and context

    January / February 2009
    Newsletter: Advocate's Edge / Litigation Support

    Price: $225.00, Subscriber Price: $157.50

    Word count: 725

    Abstract: Fraud investigations almost inevitably require documentary evidence to be examined — and it’s not a job for amateurs. Professional forensic document examiners review not only the content of documents. They also consider physical and latent evidence, such as handwriting, alterations and faded or decomposed material. To ensure accuracy and opinions that will stand up in court, experts follow scientific procedures and use technologies such as electrostatic detection apparatus.

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  • Home run – FLLCs enjoy a Tax Court victory

    January / February 2009
    Newsletter: Advocate's Edge / Litigation Support

    Price: $225.00, Subscriber Price: $157.50

    Word count: 898

    Abstract: In recent years, taxpayers have found themselves on the losing end in cases questioning the legitimacy of FLPs and FLLCs. But, in a 2008 case, Estate of Mirowski v. Commissioner, the U.S. Tax Court threw a curve ball, allowing family FLLC assets to be excluded from the decedent’s gross estate. This article summarizes the case and suggests that taxpayers can use the court’s findings to form and operate these vehicles.

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  • Financial statement analysis – Don’t value a business without it

    January / February 2009
    Newsletter: Advocate's Edge / Litigation Support

    Price: $225.00, Subscriber Price: $157.50

    Word count: 708

    Abstract: Merely accepting a company’s financial statements at face value can lead to seriously undervaluing or, more likely, overvaluing a business. Often, closely held companies fail to comply with GAAP, and financial data may be shaped to favor the owner’s interests. This article explains how experts review several years of financial statements and make normalizing adjustments such as removing nonrecurring items and adjusting expenses that a potential buyer wouldn’t likely incur. They also look for suspicious trends and relationships.

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  • Discounting future losses for lost profits

    January / February 2009
    Newsletter: Advocate's Edge / Litigation Support

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1042

    Abstract: In many business litigation cases, financial experts must project damages for losses that the plaintiff will incur in the future because of the injury involved. Discounted future losses represent the amount of compensation needed now to replace that future lost income. But, as this article discusses, losses in a litigation context are different from the lost income that comes up in business valuation situations, requiring an expert to calculate a discount rate based on relevant risks.

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  • Stop the domino effect – The link between management ethics and corporate fraud

    January / February 2008
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 502

    Abstract: Unethical managers foster an unethical work environment — giving employees the opportunity, motivation and rationalization to commit fraud and other crimes against their employers. This article explains how lenders should assess qualitative factors to protect loan portfolios against fraud losses. These include management’s ethics and its establishment and maintenance of internal controls. (Updated 9/27/12)

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  • Auditing standards provide rules for the dating game

    January / February 2008
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 333

    Abstract: This short article discusses the requirements of the Auditing Standards Board’s Statement No. 103, Audit Documentation, which requires auditors to date financial statements when “sufficient appropriate audit evidence” has been obtained to support financial statement opinions.

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  • Why the warehousing sector has staying power

    January / February 2008
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 829

    Abstract: Contrary to analyst predictions, many warehouses and distribution centers are thriving, and can benefit loan portfolios. This article talks about what to look for in warehousing borrowers, including strict attention to safety, efficient receiving, logical inventory layouts and value-added service enhancements.

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  • Is your portfolio going the way of the subprime market?

    January / February 2008
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 628

    Abstract: As interest rates have risen, balloon payments have come due, the housing market has slumped and many subprime borrowers have defaulted. Commercial loan portfolios aren’t immune to the subprime market’s woes. As this article explains, homebuilders, retailers and small businesses generally are being affected by tighter credit standards.

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  • Another Inconvenient Truth – Going green could cause some borrowers to see red

    January / February 2008
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 584

    Abstract: Although most environmental legislation singles out utilities, oil companies and automakers, at some point legislators likely will ask every business to do its part to mitigate environmental damage. Businesses that conserve energy can enjoy lower costs, but for many, going green will be costly. Lenders should be ready to evaluate their borrowers for the financial consequences of current and future legislation.

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  • Estate Planning Red Flag – Your estate plan benefits your grandchildren or other “skip” persons

    January / February 2008
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 307

    Abstract: The federal generation-skipping transfer (GST) tax is one of the harshest in the tax code: It’s a flat tax (currently 35%) — in addition to gift or estate taxes — on transfers to a “skip person.” This short article explains how to minimize or avoid triggering GST tax. (Updated 4/27/12)

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