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Showing all 14 results

  • Help your borrowers make leadership transitions

    February / March 2019
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 670

    Abstract: Current and ongoing demographic trends mean that a large segment of the population is heading for retirement. This fact may have significant effects on small business loans. As family business owners leave their companies for greener pastures, lenders need to make sure those same owners don’t leave their businesses in the lurch. This article explains that advising borrowers to create viable succession plans for leadership transition can work wonders to ensure their businesses’ long-term stability — and ultimately, the success of loan portfolios.

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  • Great ideas aren’t enough – Help borrowers grow with big business strategies

    August / September 2017
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 670

    Abstract: A small business based on a great concept still needs a long-term strategic plan to succeed. Lenders can increase the stability of their lending portfolios and improve their long-term lending relationships by guiding borrowers toward more disciplined, professional business practices. This article discusses some best practices small businesses can learn from big business, including techniques for building value and ways to generate formal plans.

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  • See for yourself – Site visits are a critical part of the valuation process

    January / February 2017
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 670

    Abstract: Financial statements, tax returns and marketing materials tell only part of the story. To get a comprehensive understanding of how a business runs, a valuation expert usually needs to see it — and talk to management — firsthand. This article explains the information that may be unearthed during site visits and the types of questions to expect during management interviews.

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  • Budget vs. actual: How reliable are management’s estimates?

    October / November 2016
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 670

    Abstract: Borrowers often submit forecasts and budgets when they’re applying for a loan. But these estimates may be off the mark for various reasons. This article guides lenders on how to assess whether these estimates seem reasonable and to compare them to actual results in subsequent reporting periods.

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  • Term vs. perm – Demystifying life insurance choices

    November / December 2014
    Newsletter: Planning for Prosperity / Wealth Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 670

    Abstract: Life insurance can be a vital asset in planning for a family’s financial well being, but determining which type of policy better suits a specific situation can be challenging. There’s no one-size-fits-all answer, because different products fulfill different needs. This article details two types of life insurance policies: a term policy and a permanent policy.

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  • Selling your dealership – Earnout provisions may give buyers assurance

    Fall 2014
    Newsletter: Auto Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 670

    Abstract: Businesses in some parts of the country remain difficult to sell in the current economy, even in an up market for auto dealerships. But, when negotiating a purchase agreement, adding an earnout provision — which commits the buyer to make additional payments to the seller if the business achieves agreed-upon financial targets after the sale — can smooth out a rough road and give the buyer extra incentive to “take the plunge.” This article explains the potential benefits, along with risks to look out for.

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  • Preparing for an audit while you “think taxes”

    Spring 2014
    Newsletter: On-Site

    Price: $225.00, Subscriber Price: $157.50

    Word count: 670

    Abstract: Come springtime, many people start to “think taxes.” While doing so, contractors might also want to think about how to best position their construction business to minimize the chances of a time- and resources-consuming IRS audit. This article discusses four areas in which contractors need to be wary of running afoul of regulations: cash vs. accrual methods of accounting, employee misclassification, long-term contracts, and business structure.

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  • Succession planning: Key questions to ask

    Winter 2014
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 670

    Abstract: Every business owner needs to consider how he or she can gracefully, efficiently and amicably exit his or her company. This article offers some key questions an owner might ask before creating and implementing a succession plan. They involve setting a date, designating a successor, getting buy-in from managers, key employees and board members, and breaking the news in a way that’s designed to gain employee support.

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  • New financial reporting options for small businesses

    October / November 2013
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 670

    Abstract: For those who own and run a small, privately held business, reporting financial performance usually means choosing between Generally Accepted Accounting Principles (GAAP) and special purpose frameworks, more commonly known as other comprehensive basis of accounting (OCBOA). In June, the American Institute of Certified Public Accountants introduced a new OCBOA called the “Financial Reporting Framework for Small- and Medium-Sized Entities” (FRF for SMEs). This article discusses how this differs from GAAP, and also looks at proposals made by the Private Company Council, charged with improving the process of setting accounting standards for private companies that prepare GAAP-based financial statements.

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  • IRS to step up UNICAP enforcement – Dealerships have until Jan. 1, 2011, to comply

    Winter 2010
    Newsletter: Auto Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 670

    Abstract: Virtually all automobile dealerships report their inventories improperly, according to the IRS. A Taxpayer Advice Memorandum, TAM 200736026, suggests that most dealerships incorrectly apply Internal Revenue Code Section 263A to calculation of their inventories. Sec. 263A addresses the uniform capitalization of direct and indirect inventory costs. Currently, most dealers deduct these expenses each year by using the simplified retail method, rather than including them as part of their inventories. The agency has recently laid the groundwork to begin serious testing for noncompliance starting next January, and the revised rules affect all but the smallest dealers.

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  • Don’t let family matters interfere with business matters

    October / November 2009
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 670

    Abstract: Even though knowing family members are watching the shop can be reassuring, the requirements of running a business can strain even the strongest family ties. The stresses can become further exacerbated when sibling rivalry exists or when one’s spouse is involved. But there are ways to address these issues, including treating siblings equally and dividing responsibilities between spouses.

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  • Selling a distressed company at a healthy price

    June / July 2009
    Newsletter: Merger & Acquisition Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 670

    Abstract: Selling may be the best option for financially distressed companies. But distressed companies face obstacles healthier companies don’t — namely, finding a buyer that will accept the financial challenges and pay the seller a fair price for the opportunity to turn the business around. Sellers don’t necessarily have to settle for a fire-sale price but they do need to understand what they have and how they can market it most effectively.

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  • Preparing for the unexpected – Buy-sell agreements can steady businesses in uncertain times

    Spring 2009
    Newsletter: Expert / Valuation & Litigation Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 670

    Abstract: To guard against the negative consequences that could arise from events such as the death or disability of a partner, the divorce of a family business owner, or a shareholder dispute, companies need to be prepared. A buy-sell agreement can steady a business in uncertain times, and valuation considerations play an integral role in effective agreements. This is why an appraiser is needed to address areas such as insurance coverage, buyout terms, and choosing the correct standard of value. A qualified appraiser also knows how to avoid simplistic or outdated formulas in determining the appropriate value.

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  • Separate identities – “Trust fund” conflicts often complicate the bankruptcy process

    March / April 2008
    Newsletter: Construction Law Briefing

    Price: $225.00, Subscriber Price: $157.50

    Word count: 670

    Abstract: Several states have laws on the books stipulating that a general contractor who receives an owner payment must hold the money in trust for the subcontractors and suppliers who provided labor and materials on the project. Under the right (read: wrong) circumstances, however, these superior rights of the “trust fund” beneficiaries can be lost. This article delves into a case involving just such a dilemma. In re R. W. Leet Electric, 2007 WL 2052184 Michigan 6th Circuit (2007).

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