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Showing 17–23 of 23 results
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Contractors have options when it comes to financing
November / December 2013
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 653
Abstract: Although it’s hardly easy to obtain financing, the market has expanded to include many options. This article takes a look at some of the more common ones available to contractors. If taking out a bank loan isn’t feasible, getting a line of credit or a Small Business Administration loan might fill the bill.
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Be careful with intrafamily loans
September / October 2013
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 653
Abstract: When a family member experiences hard times, other family members might be quick to lend them whatever amount they need. But Uncle Sam keeps an eye on such transactions. Why? Because they might not, for tax purposes, be loans. The IRS might consider them taxable gifts. This article explains the difference between loans and gifts, and why it’s important to charge enough interest to avoid the tax consequences of making below-market loans.
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Recession troubles linger — How distressed businesses are valued
July / August 2012
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 653
Abstract: Distress sales and auctions may offer bargains, but rock bottom prices shouldn’t cloud one’s business judgment. Acquisition due diligence is very important. This article shows how valuators can modify their appraisal approach to avoid over- or undervaluing a distressed business. A sidebar lists three financial metrics that can help buyers evaluate whether asking prices make sense.
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Combating mortgage fraud
Summer 2010
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 653
Abstract: Mortgage fraud is among the fastest growing white-collar crimes in the United States. But while there’s no foolproof method for fending off fraudsters, it’s critical for all banks to have an antifraud program. A report by the Federal Financial Institutions Examination Council provides a comprehensive look at mortgage fraud and outlines best practices for preventing fraud and red flags for detecting it. The report details older fraud schemes as well as newer ones and describes the most common mechanisms used to perpetrate these schemes.
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This for that – Barter makes a comeback in today’s economy
February / March 2010
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 653
Abstract: Barter sounds so ancient, but the practice is still being used by companies — especially in today’s tough economic times. With credit still difficult to obtain from banks, many businesses are bartering their products and services to conserve cash flow and reduce excess inventory. To initiate the barter process, a company can handle the arrangements itself or can consult with an exchange company to help find trading partners. This article looks at some of the details, but a sidebar warns that these cashless transactions can’t cut out the IRS.
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Prove it or lose it – Surety required to substantiate bond losses
July / August 2009
Newsletter: Construction Law Briefing
Price: $225.00, Subscriber Price: $157.50
Word count: 653
Abstract: When the owners of a failed contracting business have financial means other than the assets of the contractor, bonding companies may pursue collection. Such was the case in Centennial Insurance v. Horizon Contracting. The lesson: It’s important for all parties involved in construction projects to maintain organized files of documents such as invoices and canceled checks.
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For what it’s worth: Valuation in the courts – FLP discounts and the multitiered company
Fall 2008
Newsletter: Valuation Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 653
Abstract: In this issue’s “For what it’s worth: Valuation in the courts,” we look at the long contentious issue of family limited partnerships (FLPs). Gifts of FLP interests allow individuals to transfer wealth at often substantial discounts from the FLP’s underlying net asset value. And this recent Tax Court case provides insight into how the court handles discounts for lack of control and marketability — especially when multiple owners are involved. Citations: Astleford v. Commissioner, T.C. Memo 2008-128, May 5, 2008.