"Can’t You See This is The Land of Confusion": Uncertainty and the Tax Cuts and Jobs Act

While it remains the case that the lower corporate tax rates for C corporations increase cash flows and therefore pot...

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2/3/2018
THE TAX CUTS AND JOBS ACT: Changes to Individual Taxation

Part 1 of 4: A summary of the most widely applicable points of the tax reform passed in December 2017. 

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1/19/2018
THE TAX CUTS AND JOBS ACT: 30 Ways The Act May Affect You And Your Business

A summary of the most widely applicable points of the tax reform passed in December 2017.

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1/19/2018
THE TAX CUTS AND JOBS ACT: Changes to Business Taxation

Part 3 of 3: A summary of the most widely applicable points of the tax reform passed in December 2017.

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1/19/2018
THE TAX CUTS AND JOBS ACT: Changes to Itemized Deductions

Part 2 of 4: A summary of the most widely applicable points of the tax reform passed in December 2017.

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1/19/2018
Did Singing Auld Lang Syne Increase Company Valuations?

The Impact of New Tax Law on Valuations

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1/13/2018
"Caught between the Scylla and Charybdis": What Sting Knows About Valuing Small Businesses

Sting is one of the more cerebral pop musicians and he clearly is wise to the ways of business valuation practice. So...

How Do I Sell Thee? Let Me Count the Ways

It’s been said that the best time to plant a tree is 20 years ago — or today. The same applies to your bu...

Uniform Guidance Procurement - What is the Effect of the New Requirements?

Under the new requirements of the Uniform Guidance (UG), procurement standards were modified to implement stricter re...

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8/7/2016
What's in a Minute? Keys to Properly Recording Board Minutes

Some people might argue that the keeping of board minutes is the most important job on any board of directors. It&rsq...

UBIT: How it Applies to Debt-Financed Property

If a tax-exempt organization engages in a business that is unrelated to its primary purpose, the general rule is that...

Cost Effective Ways to Recognize Employees and Volunteers

During tough budgetary times, you may have to cut expenses across the board, including costly perks, bonuses and rewa...

Threatening Calls from the IRS Might be a Scam

BEWARE - Taxpayers are receiving telephone calls from people claiming to be from the IRS, but they are not. These con...

Inventory Counts - What are the manufacturing trends of 2015?

Trends in manufacturing for 2015 can be summarized in two words: connection and communication. Companies are leverag...

EBITDA and Fair Market Value

One of the main differences between the world of real life transactions and the fair market value world is the way th...

Goal of Board: Fiscal Responsibility

Although each board's involvement in its not-for-profit agency's operations varies from situation to situation, all b...

Almost as Riveting as Game of Thrones...

Well, maybe that's a bit of an oversell, but certainly having a greater impact on the pocket book, the battle over ho...

A & A Advisor | June 2015

Accounting for business combinations In accounting and reporting for transactions that represent business combinatio...

When Goodwill has No Value

Recently, I have dealt with a number of issues relating to the valuation of goodwill. One particular case involved a ...

Do You Need a Business Plan for Your Nonprofit?

A business plan is like a road map. It can help you get where you’re going. It also can tell you that it may no...

The Rule of Thump

An article in the Atlantic Monthly refers to the emergence of a new term - the "rule of thump" - based on confusion w...

"It was a Very Good Year" - 1959 Ruling Stands the Test of Time

Channeling Frank Sinatra this month, I turn my attention to Revenue Ruling 59-60. This key valuation document issued ...

Valuation Factors for a Franchise

On the southeast corner of a major, urban intersection is an established privately-held "fast food" hamburger restaur...

Earning Capacity: The Critical Piece of the Puzzle

Where does the value of a business come from? First and foremost, it comes from the ability to generate earnings, its...

Champagne Wishes and the Valuation Issues of the Rich and Famous

The opportunity to gawp at the lifestyles of the rich and famous was a side benefit to taking a look at a dispute ove...

Solid Financial Structure Crucial to Sound Management

A nonprofit's financial management system involves much more than tracking money in and out. Your ability to deliver ...

Ask Clients if Your Nonprofit Is Meeting Its Mission

Your mission is the reason your organization exists. Staff, resources and community support are dedicated to addressi...

757 Angels Inc., Launches

757 Angels Inc., an initiative of Reinvent Hampton Roads, launched last week after more than a year of planning. 757 ...

Why Financial Statement Adjustments Are Made in Valuation Process

Clients are often mystified by the adjustments business valuation analysts make to financial statements when we start...

"I'm a Lumberjack and I'm OK!" - Cash Flows from Timber Apparently Trump the Value of Land

What a great start to 2015 - when a recent case allows me to include a reference to the halcyon days of Monty Python ...

Who Needs to Go to Vegas? Small Business Owners can Gamble for High Stakes from the Comfort of Their Offices!

Many entrepreneurs start a business with other like-minded business people and don’t want to think about what h...

Budget Preparation a Time For Problem Solving

Many nonprofit managers regard budgeting as a necessary evil that must be done to satisfy the board of directors and ...

The Season of Personal Goodwill

The case of Bross Trucking v Commissioner (Tax Ct. Memo LEXIS 109) was not strictly a valuation case but did address ...

Four Reasons Why Already-Dismal IRS Service is about to Get Much Worse

Few, if any, of us enjoy dealing with the IRS. Often polled as America’s most hated federal agency, the agency&...

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11/25/2014
Charitable Donation of a Vehicle

A Brief Overview of Frequently Asked Questions

"It All Depends Upon Your Appetite" - Or More Accurately the Judge's Appetite!

This month's commentary does not feature bottles of red or white (with apologies to Billy Joel) - though other bevera...

A & A Advisor | October 2014

Three accounting alternatives for private companies To provide for accounting alternatives that certain private comp...

Does Your Organization Have Unrelated Business Income?

Even though an organization is recognized as tax-exempt, it still may be liable for tax on its unrelated business tax...

Publication Advertising: What is Taxable?

Many tax-exempt organizations publish magazines or other periodicals that contain editorial material related to the o...

Royalties and Sponsorship Payments: Are They Tax Exempt?

Many tax-exempt organizations allow for-profit entities to use the organization's name or logo to market goods and se...

"Losing My Religion" - An IRS Lament?

A recent tax court case allows me to dig up a reference to an R.E.M. hit single (never my favorite, but, hey, any por...

A & A Advisor | August 2014

Alternatives reduce private company cost of standards compliance  Two accounting alternatives within the U.S. genera...

Microvolunteering: Are Short-Time Assignments More Productive?

Keeping volunteers happy, committed and enthusiastic is a challenging task for most nonprofits.

All too often...

Four Simple Solutions for Reducing Waste

Joanna G. Brumsey CPA Those of us who operate in the manufacturing and distribution world are familiar with the “Sev...

"All You're Ever Gonna be is Mean - But Which One?"

In an effort to be down with the kids, this month's title comes from a Taylor Swift hit single - a big step from my n...

Inventory Counts - August 2014

Four simple solutions for reducing waste Those of us who operate in the manufacturing and distribution world are fam...

Homeland Security Warns Retailers About Malicious Software

The U.S. Department of Homeland Security issued a notice warning retailers about a new form of malware being used to ...

U.S. Department of Homeland Security Issues Warning for a New Malware

The U.S. Department of Homeland Security issued a notice warning retailers about a new form of malware being used to ...

"There Are Three Kinds of Lies: Lies, Damned Lies, and Statistics"

I recalled this bon mot from Mark Twain as I reviewed a recent article from Business Valuation Resources that focused...

State credit programs advantageous for nonprofits and low-income individuals

Board Members of nonprofit organizations - or those responsible for the financial well-being of one - should become f...

Inventory Counts | June 2014 - Is your company missing out on international markets?

Is your company missing out on international markets? Exporting represents a huge sales opportunity for many compani...

Understanding Small Business Certification

As companies vie for their share of federal funds in a competitive market, many are weighing the benefits of a small ...

A & A Advisor | June 2014

Definition of "public business entity" brings much needed clarity Currently, multiple definitions of "public busines...

"Let's Start at the Very Beginning" - Do-Re-Me and the Cost of Capital

Sometimes it's just good to channel Maria in the Sound of Music and go back to basics. I recently had a good opportun...

Six Tips to Nip Pilfering in the Bud

If your nonprofit operates a second-hand store, gift shop or other retail venture, you should be on the lookout for t...

Mission Creep: How to Avoid It and Keep New Projects On Target

The first step in organizing a nonprofit is identifying the mission. Keeping an organization true to that mission is ...

"If You Know What I Mean" - Estate of Richmond v. Commissioner, Part the Third

A Neil Diamond song title as this month's hook? What? Who? How? Calm down - all will be revealed at the end of this e...

Inventory Counts | March 2014 - Do you have a strong Mobile Strategy in Place?

Do you have a strong Mobile Strategy in place? It's no secret that the public has embraced the use of mobile technol...

"Bang Bang" - The Tax Court Shot Him Down...

I never thought I would be minng Cher's back catalog for inspiration for an even more tenuous link for the title to t...

When to File an Estate Return Under New Law

The American Taxpayer Relief Act that became law on Jan. 2, 2013, changed the landscape of when an estate tax return ...

A & A Advisor | February 2014 - Consolidated and combined statements: A look at some practice issues

Consildated and combined statements: A look at some practice issues Certain business arrangements lead financial sta...

A Giant LEAP for Mankind? Maybe Not, but Some Helpful Data for Valutions

This month we're going to do some finance stuff - be warned, there may even be a formula... As valuation analysts, we...

A & A Advisor - October 2013

Welcome to the October edition of A & A Advisor! In this issue: New Guidance: How to use the liquidation basi...

Waiting in Vain? How Long Does it Take to Sell a Company?

We know that Bob Marley didn't want to wait in vain (in fact he said so repeatedly in the song) - and neither does th...

Inventory Counts - July 2013

Welcome to the July 2013 edition of Inventory Counts! In this issue: Reinstated R&D Credits: Don't miss this ...

Educated Staff Key to Service, Fundraising

Nonprofits have faced a challenging situation during the Great Recession. Contributions have declined for the majorit...

Inventory Counts | May 2013

Welcome to the May 2013 edition of Inventory Counts! In this issue: Your Supply Chain Water Conservation Custo...

A & A Advisor - April 2013

Welcome to the February edition of A & A Advisor! In this issue: Special-Purpose Financial Reporting Framewo...

When You're Asking For Money... Strategies for Making an Effective presentation

If you're in a management role with a nonprofit, chances are you sometimes have to give presentations to groups of in...

How to Build a Strong Board of Directors

If you want the best, most effective, board of directors possible, start with one vital requirement: a commitment to ...

Non-Profit to For-Profit: Some Organizations Are Making the Switch

As a nonprofit organization, you hold coveted IRS tax-exempt status, can accept grants and donations, and enjoy the p...

Free as a Bird Now! Eagle Dilemma Resolved

You may recall that I sent out an e-mail last year highlighting the dispute between the Estate of Ileanna Sonnenband ...

Inventory Counts - March 2013

Welcome to the March 2013 edition of Inventory Counts! In this issue: Pricing Strategies: Are Your Products Pric...

How Will the New Repairs Regulations Affect Your Company?

The characterization of expenditures relating to fixed assets (tangible property) has been a challenge since the ince...

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2/25/2013
Cash on the Warehouse Floor: Is Your Warehouse Full of Productive Income Generating Assets... or Wasted Cash?

Richard E. Groover CPA Inventory turnover is a Key Performance Indicator (KPI) on the radar of almost every manufact...

A & A Advisor - February 2013

Welcome to the February edition of A & A Advisor! In this issue: Limited liability entities Have you analyz...

Legislative Update from the General Assembly

On January 9th, 2013, the 46-day-long General Assembly session opened and, as in previous years, the VRF lobby team h...

Legislative Update from the General Assembly

On January 9th, 2013, the 46-day-long General Assembly session opened and, as in previous years, the VRF lobby team h...

Fiscal Cliff Legislation: How Tax Changes in the Act May Affect You

As the New Year's ball worked its way down its 141-foot drop in the seconds leading up to midnight on December 31, ma...

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1/13/2013
Benchmarking Your Organization to Improve Performance

During tough economic times, your nonprofit organization should always be looking for ways to improve and differentia...

American Taxpayer Relief Act

After weeks, indeed months of proposals and counter-proposals, seemingly endless negotiations and down-to-the-wire dr...

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1/11/2013
A&A Advisor | December 2012

Welcome to the December edition of A & A Advisor! In this issue: How to account for.. Deferred compensation ...

A&A: New Standards for Audit Engagements

As we plan for the upcoming audit season, the Audit & Accounting team at Wall, Einhorn & Chernitzer, P.C. (WE...

Research And Development Tax Credit

The purpose of this white paper is to help taxpayers obtain a better understanding of the Research and Development Ta...

Research And Development Tax Credit

The purpose of this white paper is to help taxpayers obtain a better understanding of the Research and Development Ta...

Fly Like an Eagle? The IRS Will Bring You Back Down to Earth

I struggled with the title of this item......the story itself has been a godsend to headline writers and I don't feel...

How to Create A Strong Case Statement

A strong case statement is critical for any major fundraising campaign, whether you plan to approach foundations, ind...

Demographics Research on Your Client Base: Where to Begin

Having current demographics on your client base is an important part of making your case for services and funding. Ma...

2012-2013 Tax Planning

Dramatic tax increases scheduled to go into effect in 2013 make 2012 tax planning imperative. The following taxes may...

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9/28/2012
A & A Advisor - Fall 2012

Welcome to the Fall edition of A & A Advisor!  In this issue: What if ... management doesn’t evaluate variabl...

Understanding The DCAA & Audit Process

As a contractor doing business with the federal government it is important to be familiar with the ever changing regu...

"Doctor, Doctor - Give Me The News..." - Is the Medical Profession More Prone to Litigating Divorces Than Other Professions?

Please file the following under the "I'm just sayin'..." category - far be it from me to draw any conclusions!  ...

Tax Ramifications of Health Care Reform

The Supreme Court upheld President Obama's signature health care reform in a 5-4 decision on June 28, 2012.  Beg...

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7/8/2012
Wounded Warriors Tax Credits

What is the Returning Heroes and Wounded Warriors Work Opportunity Tax Credit? The Returning Heroes and Wounded ...

Returning Heroes & Wounded Warriors Tax Credit

The Returning Heroes and Wounded Warriors Work Opportunity Tax Credit is an extension of the Work Credit available fo...

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6/22/2012
Navigating Real Estate Professional Rules

Even if you work full time in the real estate field, you may not be considered a real estate professional in the eyes...

Due Diligence: How to Avoid Surprises When Acquiring a Manufacturing Company

Joanna G. Brumsey CPA Due Diligence is one of the most critical stages in the process of purchasing a business. Some...

Research and Development Credit

Our research and development studies focus on maximizing tax savings and increasing cash flows for businesses that sp...

Mergers & Acquisitions: Valuation of Inventory Assisted in Purchase Price Negotiation

The Client: A large manufacturer of offi ce products involved in a vertical acquisition of one of its primary distrib...

A Cost Segregation Study Can Help You. . .

Adjust the timing of depreciation deductions to maximize tax savings. A cost segregation study will help you classify...

"I Have Only Come Here Seeking Knowledge..." But What Knowledge is Allowed to Affect a Valuation?

I have always cringed when Sting followed up the title line with "Things they would not teach me of in college". On t...

"A Man Hears What He Wants to Hear...and Disregards the Rest": S Corp Valuation Revisited

Paul Simon's lyrics seem to sum up the approach the Tax Court took in the case of Estate of Louise Paxton Gallagher v...

You Can Check Out Anytime You Like.. but you're better off if you figure out what a business is worth before you start!

Don Henley, the sage that he is, goes on to state that: "You can never leave" ... yet that isjust what every business...

"Even if We're Just Dancing in the Dark" Or on the head of a pin?

Oh yes, just squeezing in a Springsteen reference again - it's been a while. So how do I justify this random referenc...

"Clowns to the Left of Me... Jokers to the Right" What's the Value When You're Stuck in the Middle?

So we're trying to value a 50% interest in a company. We've determined the value of 100% to be $10 million ...

Economic Downturn Gives Owners Time to Work on Value Drivers

Paul G. DiNardo CPA They are essential for the successful sale of a company and are the responsibility of the owners...

Now is the Time to Start Preparing for Incurred Cost Proposals

As soon as the accounting books are closed, government contractors should begin planning for completion of their annu...

What Will Happen To Your Business When You Leave?

We understand that business owners are so busy addressing today’s economic challenges that they can overlook th...

Set A Fair Price To Sell Your Share Of The Business

If, emulating Jack Nicholson and Morgan Freeman, you hope to climb the Pyramids and hit the tables in Monte Carlo whe...

Tax breaks, refunds and other tax tips

Paul G. DiNardo CPA Recent legislation makes Section 529 plans – already one of the most powerful college funding to...

‘Look-Through’ Lowdown

We all know how important it is to understand how tax laws affect the day to day operations of a construction busines...

Cost-segregation study helps with deductions

Property owners planning either a renovation or a rebuild of an existing facility have several tax implications to co...

Three Steps Fix ‘Profit Fade’

Many construction companies suffer from a disabling condition called “profit fade.” It occurs when a cont...

Future of your business depends upon succession plan

If you’re like the millions of baby boomers now nearing retirement age, you’ve probably thought about handing off you...

Contractors Must Know All Accounting Options

Construction companies face an imposingly complex choice when it comes to their accounting methods. Because no two pr...

Be like Bill, plan for succession

Paul G. DiNardo CPA When reporters ask billionaire Bill Gates what will happen to Microsoft if he should die, Gates ...

Tax savings apply to architectural work

Paul G. DiNardo CPA What do manufacturers and architecture/engineering firms have in common? If their service or pro...

How to take on the global marketplace

Paul G. DiNardo CPA Many manufacturers find the lure of selling to retailers in faraway markets too enticing to resi...