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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...
The July 4th holiday for 2023 is now in the books, but it is still on our minds. Perhaps, for some, the meaning of July 4th is lost or is not on their minds. However, the United States’ independence...
A commonly employed approach to business valuations is the Capitalisation of Future Maintainable Earnings (CFME), which establishes the business’s value based on a multiple of its earnings. So, lets delve into the intricacies of earnings multiples and their significance...
As Andy Dzamba points out in a front-page article in the August Business Valuation Update, the tide appears to be turning in the ESOP litigation arena, as speakers at the recent ASA ESOP Virtual Conference report. In the recent...
The term goodwill gets bandied about a lot in the business world, but I find it is often misunderstood. There are a few definitions, but generally only two of them apply in a business sense: the favor or advantage...
Clean Bookkeeping is an essential aspect of running a business. It involves maintaining accurate financial records of all transactions, including income, expenses, assets, liabilities, and equity. But it also means keeping the finances of the business and the owners...
As a business owner, sometimes there can be a bit of ego involved. The business is your baby, you built it, you’ve worked hard, and you are the backbone of that business. And there really is nothing wrong with...
In Mekhaya v. Eastland Food Corp.,1 the plaintiff, Edward Mekhaya, pleaded a statutory claim for shareholder oppression.2 In October 2018, Mekhaya was fired from his position at Eastland, where his salary of $400,000 per year included an implied dividend. The implied...