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Showing 1–16 of 19 results
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Restaurant Supply, LLC v. Giardi Ltd. Partnership – Property owner not obligated to sell to highest and best bidder
March / April 2021
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: A state court has rejected the claim that the solicitation of “highest and best” offers from potential purchasers means a seller is required to sell its property to the highest bidder. Although the ruling is binding only in that state, the court’s opinion cites rulings by courts in other states — as well as the Uniform Commercial Code (UCC) that many states have adopted — in support of its conclusion. This article reviews the case and its possible effect on other states. Restaurant Supply, LLC v. Giardi Ltd. Partnership, No. SC 20154 (Conn. Feb. 12, 2019).
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Factor current risks into the cost of capital
September / October 2020
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: Estimating discount rates is a complex task — even in the best of times. This article explains how today’s volatile economy has forced valuation experts to re-evaluate traditional methods of quantifying discount rates.
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Factor current risks into the cost of capital
September / October 2020
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: Estimating discount rates is a complex task — even in the best of times. This article explains how today’s volatile economy has forced valuation experts to re-evaluate traditional methods of quantifying discount rates.
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Make the most of estate and gift tax exemptions
September / October 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: For affluent families, a temporary increase in the federal lifetime estate and gift tax exemption provides a window of opportunity to transfer substantial amounts of wealth tax-free. But even those with more modest fortunes should consider taking advantage of the exemption. This article describes potential tax savings from making gifts and paying tuition and medical expenses on behalf of family members.
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Passing the baton
November / December 2019
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: At some point, all dealership owners do a final customer ride-along and hang up their proverbial hats. This article spotlights the importance of lining up a successor. It discusses when an owner should start the succession process, what qualities a successor should possess and how to structure the transition.
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Tips to keep a lid on your overhead expenses
Winter 2019
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: Lower overhead usually means higher profit margins, but many law firms struggle to contain their overhead costs, from rent and administrative expenses to supplies and services. The good news is that there are many avenues to curb overhead from eating into profits. This article looks at how property leasing and staffing costs are two cost areas ripest for reduction.
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5 steps to calculate lost future earnings
November / December 2018
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: From personal injury to wrongful termination, there are many reasons an individual might seek to recover lost earnings — the difference between the earnings the plaintiff would likely have enjoyed but for the defendant’s wrongful act, and the plaintiff’s actual expected earnings. This article outlines five steps required to calculate lost future earnings.
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Outside assistance – Which kind of financial statement will do?
May / June 2018
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: Depending on a dealership’s objectives, when it comes to financial statements its CPA can prepare a financial compilation, review its financial statements or perform an audit. Which route the organization chooses to take relies heavily on its reasons for having a CPA examine its financial statements in the first place. This article discusses three types of financial statement work: compilations, reviews and audits.
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One, two, acquisition – A potentially faster, cheaper way to execute a deal
February / March 2017
Newsletter: Merger & Acquisition Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: Two-step acquisitions are fairly straightforward: A buyer makes a tender offer to acquire a majority of a seller’s stock, and then the buyer completes a short-form merger to acquire the remainder of the business. This article explains the advantages and risks of such transactions and defines the type of deals that most benefit from them.
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Avoiding an inadvertent termination of S corporation status
July 2015
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: An inadvertent termination of a company’s S corporation status can mess up even the best tax planning intentions. This article offers some important considerations and suggestions to help avoid an inadvertent loss of the company’s qualification to be treated as an S corporation. It discusses the 100-shareholder limitation and excessive passive investment income, among other considerations.
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How to tackle the issue of profit fade
Spring 2015
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: Profit fade is a financial malady that typically occurs as a contract nears completion. Contractors who have experienced profit fade on a past project know just how frustrating it can be to see their expected profits going down the drain. This article explains how to nip the problem in the bud, including looking at historical data and getting a handle on contract language.
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Gone but not forgotten: An ADA case
May / June 2013
Newsletter: Employment Law Briefing
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: A call about a job reference could bring a former employee right back into a company’s midst — as a liability risk. This article discusses a case in which a former employee of a company discovered that the business was mentioning his medical issues to prospective employers who were calling to check his references. He contacted the Equal Employment Opportunity Commission, which alleged in court that the company had violated the confidentiality provision of the Americans with Disabilities Act. But both the district and appeals courts disagreed. Equal Employment Opportunity Commission v. Thrivent Financial for Lutherans, No. 11-2848, Nov. 20, 2012 (7th Cir.)
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How to leverage loss deductions when transferring FLP or LLC interests
January / February 2012
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: Real estate investors who hold properties in a family limited partnership (FLP) or limited liability company (LLC) are likely making transfers of ownership interests to family members in an effort to “shift” income to those in a lower tax bracket or to tax efficiently transfer wealth to the next generation. But, in the current economy, some properties held by an FLP or LLC may be generating operating losses. This article shows how one can still make a gift of an FLP or LLC interest and maximize the benefit of loss deductions.
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Act now – QSBS offers gain without the pain
September / October 2011
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: Time is running out for a remarkable tax break for investors. If they invest in qualified small business stock (QSBS) by the end of 2011 and hold it for more than five years, they’ll be able to sell the stock tax-free. Lawmakers have proposed making this tax break permanent, but unless they act before year end, investors will need to move quickly to take advantage of it. This article describes the benefit of QSBS, but also warns about the complexities involved.
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Do you know what your dealership is really worth?
September / October 2009
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: To get a loan in this tight credit environment, it’s more important than ever that dealerships be able to accurately determine their net worth. It’s important to go beyond the figure provided on the balance sheet to find unrecorded liabilities or contra assets such as those with a negative credit balance. Areas to examine include uncollectible receivables, inventories, fixed assets and F&I chargebacks.
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Be reasonable! – Court weighs in on executive compensation
September / October 2009
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: The Internal Revenue Code allows a business to deduct a “reasonable allowance for salaries or other compensation” it pays to executives and other employees. When an executive is also a shareholder of a C corporation, the IRS may challenge compensation it believes is unreasonably high, arguing that the excess is really a disguised dividend. Dividends aren’t deductible, so by characterizing payments as deductible compensation, the company reduces its tax bill. This article reviews a recent case, Menard, Inc. v. Commissioner of Internal Revenue (March 10, 2009), and the potential impact on businesses.