November / December

Showing 497–512 of 553 results

  • 3 tax-related scams and mistakes to avoid

    November / December 2009
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 412

    Abstract: Earlier this year, the IRS issued its annual list of common tax scams, covering everything from identity theft traps to serious mistakes taxpayers can make that the IRS may deem to be frivolous tax claims. Three, in particular, involve phishing scams, misuse of trusts, and fraudulent fuel tax credit claims.

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  • Presto, chango! – Turning prevailing wages into employee benefits

    November / December 2009
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 952

    Abstract: As contractors vie for new public works projects, the prevailing wage — the minimum wage contractors generally are required to pay employees working on projects initiated by public agencies — is getting more attention. For each job, the prevailing wage is divided into a minimum basic hourly rate and a fringe benefit amount. Although contractors are required to pay their employees the base rate in cash, the fringe benefit portion can be paid in cash or in the form of a “bona fide” benefit plan. To avoid the complexities, it may be a little easier for a business to pay the entire prevailing wage in cash, but it’s much more expensive. This article shows why, while a sidebar discusses the documentation needed in the event of a Department of Labor audit of a prevailing wage plan.

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  • Tax Tips – self-directed IRA withdrawals – qualified personal residence trusts – early refunds for corporations

    November / December 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 448

    Abstract: In this article, we briefly explore self-directed IRA withdrawals, qualified personal residence trusts and early refunds for corporations.

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  • The pros and cons of 401(k) loans

    November / December 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 552

    Abstract: In today’s tough economy, many people are struggling to meet their day-to-day expenses. At the same time, the credit crunch has made it harder to obtain traditional loans. This article looks at one enticing alternative, which is to borrow against your 401(k) account, if your plan permits it. This can be a risky strategy, though, so it’s generally best considered only as a last resort

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  • Address ownership transfer issues with a buy-sell agreement

    November / December 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 747

    Abstract: There are a number of reasons why owners of closely held businesses put off discussing how ownership interests will be transferred when an owner exits the firm. For one, owners may be concerned about conflicts that could arise if an owner wants to transfer interests to family members or sell them to outsiders. For another, issues such as how fellow owners (or the business itself) will be able to pay for an exiting owner’s interests or the effect of the agreement on estate taxes can seem overwhelmingly complex. This article explains how a buy-sell agreement, when drafted carefully, can address these issues and more.

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  • The high cost of worker misclassification

    November / December 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 732

    Abstract: Independent contractors (ICs) offer businesses several advantages. Unlike with employees, you don’t have to withhold income and payroll taxes; make Social Security, Medicare and unemployment insurance contributions; pay overtime; or provide employee benefits. Treating an employee as an IC has always been risky. But in the last few years, these relationships are being looked at more closely and more often. Revenue-strapped tax authorities are scrutinizing worker relationships and often reclassifying ICs as employees. This article reviews the risks of worker misclassification and offers tips on how to tell the two apart.

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  • SBA tightens business acquisition lending requirements

    November / December 2009
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 516

    Abstract: This brief article summarizes a recent SBA move to rein in lenient lending practices to small businesses: SBA Standard Operating Procedure (SOP) 50 10 5(A). The new requirement calls on business acquisition loan applicants to submit an independent business appraisal for all loans greater than $250,000 (excluding the appraised value of real estate and equipment). The article explains that the SBA defines a “qualified source” for the independent appraisal as someone who regularly receives compensation for business valuation. It also notes the controversy resulting from restrictions the SBA has placed on loans based on a company’s goodwill.

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  • One price doesn’t fit all — Making sense of valuation discounts

    November / December 2009
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 847

    Abstract: Valuation is based on the specific facts and circumstances of a situation. If the controlling interest and all the minority interests are valued separately, they may add up to more or less than what could be received if the company were sold as a whole. This article discusses the types of valuation discounts that may affect value, including minority interest and lack of marketability discounts. It explains the importance of the degree of control represented by a block of stock and uses a hypothetical case study to illustrate the way discounts actually work in the real world. The article points out that a qualified appraiser can find well-supported discounts that will withstand IRS scrutiny.

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  • Knowing value is half the battle

    November / December 2009
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 721

    Abstract: While baby boomers nationwide are considering selling their businesses in preparation for retirement, a majority of them haven’t had their businesses appraised by a valuation professional within the last year. This article looks at a business’s value drivers — and value drainers — listing several key factors investors look for when valuing a business interest, including profits and cash flow, competent asset management and reinvestment in research and development. The article explains that an objective valuator can help business owners find ways to minimize risks and maximize selling price when it’s time to retire.

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  • Built-in capital gains tax can be a real drag

    November / December 2009
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 851

    Abstract: Capital gains tax obligations can significantly affect value, especially for an established holding company with low cost basis. Even if a sale isn’t imminent, investors consider tax obligations when buying and selling business interests. This article notes that courts increasingly embrace valuation discounts for built-in capital gains tax, using a case study to illustrate the point that it’s not so much whether capital gains tax affects value but how to quantify the discount. Because the IRS and the Tax Court haven’t agreed on the proper method for quantifying the discount, it’s even more important that the discount be well supported by facts and legal precedent.

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  • New data sheds light on Daubert challenges

    November / December 2009
    Newsletter: Advocate's Edge / Litigation Support

    Price: $225.00, Subscriber Price: $157.50

    Word count: 537

    Abstract: Recent PricewaterhouseCoopers data shows an increase in the number of Daubert challenges and reveals some of the factors critical to the outcomes in financial expert testimony challenges. Research found that lack of reliability was the leading cause of a financial expert opinion being excluded, but jurisdiction can also play a role.

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  • Lost profits damages – The trouble with start-ups and never-started-at-alls

    November / December 2009
    Newsletter: Advocate's Edge / Litigation Support

    Price: $225.00, Subscriber Price: $157.50

    Word count: 750

    Abstract: When calculating lost profits damages for businesses involved in litigation, damages experts can use the company’s historic financial statements to make their projections — if the business has a history. However, calculating damages for early-stage and never-launched businesses requires a different set of analytical tools if experts are to prove to a court’s satisfaction that their damages estimates are reasonably certain. This includes economic and financial data for the subject company, but also market data.

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  • Secrets behind securities fraud

    November / December 2009
    Newsletter: Advocate's Edge / Litigation Support

    Price: $225.00, Subscriber Price: $157.50

    Word count: 637

    Abstract: Growing numbers of individuals, entities and institutions have poured into the securities and commodities markets in recent years. Increased participation has, in turn, led to increased opportunities for — and incidents of — fraud. Particular schemes to look out for are Ponzi and pyramid schemes, along with “pump and dump” scams that fraudulently inflate stock prices.

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  • Putting a price on intangibles – Intellectual property requires valuation smarts

    November / December 2009
    Newsletter: Advocate's Edge / Litigation Support

    Price: $225.00, Subscriber Price: $157.50

    Word count: 776

    Abstract: Intellectual property such as patents, copyrights and trademarks can present some of the most difficult business valuation challenges. The American Society of Appraisers has recognized this by issuing a standard for valuing such intangible assets. The standard, known as BVS-IX, Intangible Asset Valuation, gives attorneys an idea of what to expect from their valuation experts and provides a baseline for evaluating the work of opposing experts. This article takes a look at factors appraisers consider when valuing intangible, while a sidebar lists some specific valuation factors addressed by the standard.

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  • Market Niche Insider – The retail wrap-up

    November / December 2008
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 444

    Abstract: With a troubled economy that includes higher energy and food costs, consumers have less disposable income — so they’re more practical, selective and cost conscious. Among those retailers hardest hit to date have been auto dealers, furniture retailers and home improvement stores. This article looks at some of the hottest retail trends.

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  • Fight fraud like a pro

    November / December 2008
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 531

    Abstract: Statement on Auditing Standards No. 99, Consideration of Fraud in a Financial Statement Audit (SAS 99), requires auditors to brainstorm about potential fraud risks before and during the information-gathering process. Lenders may find it helpful — especially when evaluating borrowers with unaudited annual reports — to understand how auditors assess fraud risks.

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