The stock market bubble burst sent many retirees to work at places such as Wal-Mart and Sam’s Club. Their investments all relied upon investments that were controlled by others. But think about this: Your business clients have an opportunity to have control of their own financial futures-if they know what to do and how to do it.
Continue reading “What Is Valuation Enhancement And Why Do My Clients Need It?”Where Can an Attorney Get Relevant Industry Articles and Research?
Suppose you are handling a case involving a funeral home. You don’t know much about the funeral home industry, except that you want to avoid first-hand experience for as long as possible. Did you ever think about calling a Certified or Accredited Valuation Analyst to obtain the information?
Continue reading “Where Can an Attorney Get Relevant Industry Articles and Research?”Implementing Business Value Drivers to Sell Your Business at a Premium Price
When the time comes to sell your business, whether or not it sells at a premium price and makes you a profit largely depends on your commitment to cultivating business value drivers during your time as an owner.
Continue reading “Implementing Business Value Drivers to Sell Your Business at a Premium Price”Bringing Loyal Employees into Your Business Ownership
Do you have busy clients who are the sole shareholders of their businesses? Sometimes business owners limit their organization’s growth by limiting the size of the “talent pool.” Shareholders who begin to realize this might need to look
Continue reading “Bringing Loyal Employees into Your Business Ownership”Hiring a Forensic Accountant During Your Divorce
The dreadful “D Word.”
Divorce is never easy, but in today’s world, it is all too common, becoming an industry within itself. While the pain and heartache that attach themselves to a separation can be difficult to navigate through, complicated finances usually comprise a large bulk of the dispute.
Continue reading “Hiring a Forensic Accountant During Your Divorce”What Are Seller’s Discretionary Earnings?
Accountants and lawyers often think of earnings in terms of “net profit” or “net after-tax income.” But, for closely held businesses, do those measurements tell the whole story?
Continue reading “What Are Seller’s Discretionary Earnings?”Where Can You Find Comparable Sales Transactions for Valuing a Business?
There are different sources of transactional data available for valuation purposes. Shannon Pratt’s Done Deals, IBA’s Database of Sales Transactions, BIZCOMPS and Mid-Market Sales Transaction Reports are examples of information that is available.
Continue reading “Where Can You Find Comparable Sales Transactions for Valuing a Business?”Whom Should You Contact for Assistance with Financial Discovery?
In cases involving business ownership, financial discovery can be extremely complicated. Obtaining complete financial discovery in the early stages of a case is important.
Continue reading “Whom Should You Contact for Assistance with Financial Discovery?”Why You Should Hire A Forensic Accountant
To many, the term “forensic” might elicit images of high-profile government work, cases that seem relegated to the kinds of investigations we see on primetime television. But acquiring a forensic accountant for the daily operations of small to mid-sized businesses is a much greater necessity than noted at first glance. So why should you hire a forensic accountant in Middle Tennessee?
Continue reading “Why You Should Hire A Forensic Accountant”The Importance of the Qualified Appraiser in IRS Tax Valuations
In a 2014 decision by the U.S. Tax Court (Estate of Richmond v. Commissioner T.C. memo 2014-26), the IRS was successful in imposing a 20% accuracy related tax penalty because the valuation on the estate tax return was less than 65% of the proper value as determined by the court (a substantial valuation misstatement).
Continue reading “The Importance of the Qualified Appraiser in IRS Tax Valuations”