Don’t lose goodwill during a company sale

While retirement has been delayed for many Baby Boomers, the time will be coming soon. For many, that will mean selling the business that has been their family’s bread-and-butter for decades. Much of your business’s value comes from your existing client base. The...

Court focuses on noncompete agreement

A ruling has been upheld by the Court of Appeals for the First Circuit that a covenant not to compete entered into in connection with a stock redemption was an amortizable intangible under Internal Revenue Code §197. Recovery Group, Inc., was an S corporation that...

The income approach: How it differs

When you buy a new car, what exactly are you purchasing? You are buying a tangible asset, a method of transportation and often a symbol of taste and stature. When someone buys a company or an interest in a company, what are they purchasing? Not necessarily always a...

Maintaining independence key to valuation

Accountants and valuations analysts are often asked by clients to prepare a valuation of their business, but sometimes they have to pass on the work. Why? If the CPA or analyst’s firm also performs audit engagements for the company, there could be what is called a...

Overlooked ways forensic CPAs can help

Attorneys who use forensic accountants are familiar with the analysis and testimony an expert can provide in matrimonial cases, commercial disputes, lost profits claims, criminal and civil cases, and many other types of litigation. Typically, financial experts are...