869

Showing 1–16 of 21 results

  • Industry experience is key when valuing professional practices

    July / August 2019
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: In litigation involving professional practices, many courts have recognized the importance of industry-specific valuation experience. This article summarizes a recent partner buyout case that illustrates this point. A sidebar highlights when a key person discount may be appropriate and how it’s quantified. Fredericks Peebles & Morgan, LLP v. Fred Assam, 300 Neb. 670, No. S-16-855, August 3, 2018

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  • Industry experience is key when valuing professional practices

    July / August 2019
    Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: In litigation involving professional practices, many courts have recognized the importance of industry-specific valuation experience. This article summarizes a recent partner buyout case that illustrates this point. A sidebar highlights when a key person discount may be appropriate and how it’s quantified. Fredericks Peebles & Morgan, LLP v. Fred Assam, 300 Neb. 670, No. S-16-855, August 3, 2018

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  • Buyer beware – Hire a pro to help with M&A due diligence

    January / February 2018
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: The merger and acquisition (M&A) market is currently hot in many industries. But, before merging with another business, it’s important to do your homework. This article explains how a business valuation professional can help with buy-side due diligence. In addition to evaluating historical and prospective financial statements, an expert can help identify potential hidden liabilities and misrepresentations. A sidebar discusses the recent withdrawal of the proposed regulations on liquidation restrictions when valuing interests for gift and estate taxes.

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  • An uncertain tax climate – An estate tax repeal might result in negative tax consequences for some families

    August / September 2017
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: It’s clear that tax reform is a high priority for the Trump administration and Republican leaders in Congress. In particular, the federal estate tax remains a prime target of some lawmakers. One possible scenario is that this tax will be repealed, with modifications to related tax law provisions. This article discusses current estate tax laws and the potential problems that may arise for family members if (or when) estate tax laws are changed. A sidebar examines income tax problems that may arise when gifting securities.

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  • Voluntary Correction Program – How to correct 401(k) plan loan “failures”

    August / September 2017
    Newsletter: Employee Benefits Update

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: “To err is human; to forgive is divine,” as the familiar saying goes. But the IRS will forgive errors involving 401(k) plan loans only when retirement plans use the Voluntary Correction Program (VCP). One of the biggest areas that trip up plan sponsors is plan loans. This article summarizes the three primary “failures” involving plan loans that require an IRS remedy: loan defaults, loans exceeding prescribed limits, and loan terms that exceed repayment limits. A brief sidebar reviews the accounting implications of loan defaults.

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  • Are prospective borrowers telling the truth? Learn the warning signs associated with deception

    April / May 2017
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: Most borrowers respond honestly when they meet with bankers about their financial condition. But those with less than stellar records may be tempted to downplay their true economic situation. Lenders need strategies to help them determine if a loan applicant is telling the whole truth. This article offers some forensic accounting tips for uncovering exaggerations, misstatements and outright fraud when managers are suspected of dishonest behavior. A sidebar lists several questions lenders should ask if they are concerned about potential inconsistencies — or deception — on the part of their borrowers.

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  • Don’t lose your charitable tax deduction on use restrictions – It’s important to submit a qualified appraisal under IRS rules

    January / February 2017
    Newsletter: Real Estate Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: When taxpayers contribute property to charitable institutions, they generally follow up by claiming a charitable deduction on their tax returns. But that deduction isn’t a given — the IRS has strict requirements. Many contributions, for example, require the donor to obtain, and possibly submit, a “qualified appraisal” of the donated property. Failure to do so can cost the deduction and possibly lead to steep penalties. This article summarizes a recent case and the law behind the charitable tax deduction. A sidebar discusses how a conservation easement can qualify for a deduction. Gemperle v. Commissioner, U.S. Tax Ct., No. 19599-12, January 4, 2016

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  • Let’s read the footnotes

    Year End 2016
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: Financial statement footnotes can provide a wealth of useful information. Experienced lenders know to look beyond the numbers and consider qualitative details and narrative disclosures, as well as what’s not being said. This article provides some examples of disclosures (or omissions of information) that lenders should watch out for, as well as ways to find more details. A sidebar discusses the rising popularity of sustainability disclosures.

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  • Trusts can bolster your personal financial plans

    Winter 2016
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: When it comes to personal planning, trusts can be a useful tool for affluent individuals and families. But, with a wide variety of trusts available, it can be difficult to determine which type of trust is best to use in certain situations. This article briefly explains four popular trust types and their special purposes: Delaware statutory trusts, qualified terminable interest property trusts, intentionally defective grantor trusts and charitable remainder trusts.

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  • Multistate taxation: How the laws may trip you up

    January / February 2015
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: People splitting their time between two or more states need to watch out for double taxation. The laws regarding multistate taxation are complex and they vary from state to state. And, while many states offer credits for taxes paid to other states, these credits aren’t always available. This article provides an overview of some of the concepts related to multistate taxation, such as domicile, residence and income source. A sidebar lists a variety of factors that courts and taxing authorities consider when determining domicile.

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  • Good news about goodwill – The reporting rules just got easier for private dealerships

    Spring 2014
    Newsletter: Auto Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: There’s now one less thing for private dealerships to worry about after a merger or acquisition deal closes. The Financial Accounting Standards Board has simplified its rules for the subsequent measurement of goodwill. This article defines goodwill and how its impairment can send up a red flag with investors and lenders. But the new rules offer an alternative goodwill measurement method that makes taking an impairment loss less likely and removes the requirement to perform impairment testing annually. A sidebar explains how a “bargain purchase” can sidestep goodwill accounting issues.

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  • Manufacturing contracts face new Sec. 199 rules

    Spring 2014
    Newsletter: Manufacturer

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: The IRS issued new eligibility guidelines last summer that attempt to clarify which companies are eligible for the manufacturers’ deduction under Section 199 of the tax code when multiple parties manufacture a product. This article explains the deduction and how the new guidelines are intended to make it easier for manufacturers to comply with its requirements. A sidebar reminds manufacturers that Congress has yet to renew expanded Section 179 expensing limits.

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  • Play or pay? Key questions about the health care act’s employer coverage penalties

    Summer 2013
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: In roughly six months, employers will be subject to the “play or pay” provisions of the Patient Protection and Affordable Care Act of 2010. This article delves into some key questions about these provisions. Because “large” companies must provide a “minimum value” of “affordable” health insurance or else pay a penalty, the article explains how those terms are defined and what the penalties are for noncompliance. A sidebar discusses options for companies that may be just “large” enough.

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  • Risky business – OCC report analyzes threats faced by banks

    Winter 2013
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: The Office of the Comptroller of the Currency recently unveiled its Semiannual Risk Perspective report. The report outlines the primary risks community banks face, presenting data in four areas: the operating environment; the condition and performance of the banking system; funding, liquidity, and interest rate risk; and regulatory actions. A sidebar discusses interest rate risk and how to manage it.

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  • The amendment effect — ADA changes put to the test in recent case

    July / August 2012
    Newsletter: Employment Law Briefing

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: Under the Americans with Disabilities Act (ADA), a person is disabled if he or she suffers from a physical or mental impairment (the first prong) that substantially limits (the second prong) one or more major life activities (the third prong). This article discusses an employee who sued her former employer for failure to accommodate her medical condition and for wrongful termination. At issue was the language used to establish the last two prongs, in light of recently revised Equal Employment Opportunity Commission (EEOC) regulations. Citation: Allen v. SouthCrest Hospital, No. 11-5016, Dec. 21, 2011 (10th Cir.)

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  • Better governance starts with a better executive/board relationship

    Winter 2012
    Newsletter: Nonprofit Observer

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: Many boards and executive directors (EDs) have good working relationships, but a recent study found that there’s room for improvement. Although nonprofits have separate spheres for executives and boards, in reality the jobs often overlap. Nonprofits need to ensure that their EDs and board members understand their specific responsibilities — as well as when they must try to work together. A sidebar lists board members’ duties.

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