2008
Showing 497–512 of 608 results
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Don’t get tripped up by travel expense rules
March / April 2008
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 1250
Abstract: For many companies and their employees, business travel is a way of life. Although deducting travel expenses may seem like a routine business practice, the rules are complex — and a wrong turn can have significant tax consequences. Many companies reimburse workers or provide advances for their travel expenses. The IRS tends to scrutinize expense reimbursement plans, so it’s a good idea to periodically review an “accountable plan” to ensure it still qualifies as such. This article reviews which travel expenses are deductible and to what extent.
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The nuts and bolts of valuing manufacturers
March / April 2008
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 415
Abstract: A reliable manufacturing valuation hinges on an in-depth understanding of current industry trends and value drivers. This brief article describes the most useful approaches for estimating a manufacturing firm’s fair market value and notes some important trends and risks that affect domestic manufacturer value.
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Which income projections, when?
March / April 2008
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 676
Abstract: Future earnings often serve as the basis of value. But a company’s earnings capacity is in the eye of the beholder. This article explains that valuators can look at several factors when deciding the basis for estimating future earnings, including historic data, management projections and appraiser analyses. It discusses a recent divorce case, Aukeman v. Aukeman, to illustrate this process.
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Supreme Court decision could require fresh patent valuations
March / April 2008
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 687
Abstract: A U.S. Supreme Court ruling welcomed by many in the technology arena may have made it more difficult to obtain and retain patent protection. The decision in KSR International Co. v. Teleflex Inc (U.S. 2007) could diminish the value of some patents and their related revenues. Because it has implications for compliance with the Sarbanes-Oxley Act (SOX) and certain accounting standards, some companies may require new patent valuations.
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Valuing S corporations – Tax-affecting reels from another blow
March / April 2008
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 664
Abstract: In Bernier v. Bernier (Mass. 2007), the court considered whether tax-affecting — which reduces a business’s projected future income by deducting hypothetical corporate income taxes — was inappropriate in valuing an S corporation. This article explains how the Bernier court arrived at the decision that the value of closely held companies with flow-through tax benefits should not be reduced by a full tax-affecting.
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Court rules on discoverability of draft expert reports
March / April 2008
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 921
Abstract: When experts perform valuations for litigation purposes, issues can arise over the discoverability of their draft reports and their duty to preserve them as well as correspondence related to the drafts. A recent federal district court decision, University of Pittsburgh v. Townsend (E.D. Tenn. 2007), provides valuable guidance for attorneys and accounting experts by clarifying experts’ duties to preserve and disclose draft reports. This article discusses the case and the court’s findings.
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NEWS FOR NONPROFITS – EMPLOYEE GADGETS AS FRINGE BENEFITS
February / March 2008
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 576
Abstract: Four topics are briefly covered in this issue’s “News for Nonprofits”: how nonprofits can use employee gadgets — newer technologies like personal digital assistants (PDAs) and laptop computers — to provide employees tax-free benefits; the IRS distinction between employees and independent contractors; protecting your Web site domain name; and the new effective date of Financial Accounting Standards Board (FASB) Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48).
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Small organizations – Implementing internal controls is as easy as 1, 2, 3
February / March 2008
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 319
Abstract: Does your organization have only a few employees? In such a small world, you may think it’s impossible to put an adequate system of checks and balances in place. But think again. While small nonprofits live in a world where everyone often does everything, your organization can set up some internal controls, quickly and easily.
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Is it sponsorship or advertising? Know the difference between tax-free and taxable income
February / March 2008
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 761
Abstract: As a nonprofit you’re generally not taxed on your income, unless that money comes from a trade or business unrelated to your exempt purpose. An important exception to the unrelated business income tax (UBIT) rule is sponsorship income. If income is derived from a qualified sponsorship, it’s tax-exempt. However, if the income comes from advertising, it’s taxable. Thus, knowing the difference between sponsorship and advertising is crucial.
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Your new financial audit – Hoist your sails and get ready to navigate unfamiliar waters
February / March 2008
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 1533
Abstract: A new wave of auditing standards from the American Institute of Certified Public Accountants (AICPA) is likely to affect your financial statement audit for fiscal year 2007 and beyond. To ensure smooth sailing through your next audit, this article will familiarize yourself with the changes you’ll encounter. It includes a sidebar on how to prepare for your first audit under the new rules.
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Ask the Advisor – Q: Can a shareholder agreement prevent conflict among business owners?
February / March 2008
Newsletter: Merger & Acquisition Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 506
Abstract: As this column explains, shareholder agreements enable owners to plan their company’s future — whatever unexpected events might befall it. These agreements assign ownership, set a value for company shares, dictate buyout terms and outline how the company is to be managed. This detailed plan helps to eliminate surprises and minimize disagreements down the line. (Updated 9/27/12)
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Board appeal – Your directors can help steer you through an M&A
February / March 2008
Newsletter: Merger & Acquisition Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 854
Abstract: Whether a company is on the buying or selling side of an M&A, its board of directors can help guide and advise it through the process. A legally formed board of directors has a fiduciary obligation to try to negotiate the best deal for its shareholders and, as this article discusses, may be involved at many stages of the transaction. This includes, on the buying side, ensuring that the acquisition’s rewards outstrip risks such as increased debt. On the selling side, a board can help make the case for the sale to shareholders and vet potential buyers.
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Buying damaged goods? How to evaluate a distressed company’s potential
February / March 2008
Newsletter: Merger & Acquisition Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 685
Abstract: Thorough due diligence and a professional valuation can help reveal whether a distressed company is a diamond in the rough or fatally flawed. This article provides tips on spotting imminent trouble, including debt reduction programs and cost-cutting tactics. It also helps buyers evaluate an acquisition’s hidden opportunities, by weighing its market position, demographic trends, revenue growth, cash reserves and industry conditions. (Updated 3/31/12)
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Don’t let fraud derail your deal
February / March 2008
Newsletter: Merger & Acquisition Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 842
Abstract: A thorough investigation performed by forensic accounting and other financial experts during the due diligence stage of an M&A deal can help uncover financial statement and other forms of fraud. Before they waste valuable time and resources negotiating a deal, buyers should perform background checks on the selling company’s owners and executives, search for financial manipulation and ensure the business has adequate fraud policies and internal controls in place.
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Estate Planning Pitfall – You didn’t name a guardian for your minor children
February / March 2008
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 340
Abstract: No estate planning decision is more important than choosing a guardian to care for minor children in the event that something happens to their parents. A court will name the guardian if the parents don’t. This short article discusses five tips to consider when selecting the right person to be the guardian of minor children.
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A charitable gift annuity can benefit you and a charity
February / March 2008
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 568
Abstract: There are several estate planning strategies to use to satisfy philanthropic goals while preserving some tax and financial benefits for the individual. One such strategy involves using a charitable gift annuity (CGA). This article examines how a CGA can benefit individuals and charities. (Updated: 4/27/12)