Cathedral sale won by ‘Thinking of the other guy’

Technical valuation issues will always be important, but what about those special situations involving intangible values that transcend the property’s tangible market value? Sometimes the value of a property isn’t just about measuring comparable sales or the net...

Low budget alternatives to expensive expert witnesses

Gregory T. Douds is a CPA, attorney and county judge in Georgia. In this article, he pulls from all areas of his background to provide ideas for alternatives to expensive expert witnesses. I have represented clients in hundreds of hearings and trials in the Georgia...

Tax Court: Interest on forgiven loan taxable

Some employers who are seeking to snare top talent offer deferred signing bonuses – often in the form of loans – to key employees. The loans are scheduled to be forgiven later, after the employees prove their commitment to the new organization. A recent Tax Court case...

Does your practice have a business plan?

Your law firm is not just a convenient place for you to practice your profession – it is a business that provides opportunity, financial wealth and satisfaction to you and your employees. As such, you need a business plan that envisions the firm’s future so you can...

Do you know how much your law firm is worth?

Do you have partners in your practice who will be retiring within the next five to ten years? If so, it’s time to start developing a transition plan for when the time comes. Understanding how the value of your practice is determined can help you plan for a smooth...