Those of you old enough (I am) to remember the 1964 Rolling Stones song parodied in the title to this blog will get the irony with the Tax Court’s decision.1 Roy and Bonnie Nutt received a notice of deficiency on...
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In a recent article by Nicole Goodkind of CNN, it was reported that “America has lost half its public companies since the 1990s.”1 The number of public companies has dropped from 8,000 in 1996 to 3,700 in June 2023.2 The...
On June 16, 2023, the Supreme Court, in United States ex rel. Polansky v. Executive Health Resources, affirmed the federal government’s power to dismiss a False Claims Act action brought under the qui tam provisions whenever it chooses to intervene. The Polansky case...
As financial professionals, we understand the importance of risk management in ensuring the success and longevity of our clients’ businesses. One critical factor to consider when assessing risks is the security of a business’s location. For businesses where their...
For the supposed purpose of fostering competition in the labor market, the Biden Administration’s Federal Trade Commission is proposing to ban most noncompete agreements. Restrictions on noncompetes have usually been governed by state laws, and the courts have often...
Over the last few years, the Federal Government has introduced a suite of instant asset write-off and accelerated depreciation rules, whereby eligible businesses can either claim: an immediate deduction for the business portion of the cost of an asset...
Business valuations can be complex, and the rules can be hard to pin down sometimes. There are many business valuation methodologies that can be employed, aimed at determining the value of the enterprise. They are usually prepared on the...
Hmmm…this page may be offline. With our new website this page may have moved or ‘disappeared.’ Here are some helpful links to get you to back to the right place.Or, try our search function in the upper right hand corner. ...
Small to Medium Enterprises (SMEs) can take many forms; some are better suited to your needs than others. In an ideal world, the best operating entity structure for your business will be put in place before you’ve made your...
When it comes to assessing the value of accounting practices, the valuation process can often become a labyrinth of confusion, particularly when distinguishing between valuations of a business, an entity, and a book of clients. Ironically, accounting practices, which...