For COVID-19 Resources, Click Here

Year-End Tax Planning for 2021 Image
Year-End Tax Planning for 2021

We asked our tax professionals for a few suggestions on how to get organized and prepare for 2021. Here they are...

Read More »
11/3/2021
New Business? It’s a Good Time to Start a Retirement Plan Image
New Business? It’s a Good Time to Start a Retirement Plan

Entrepreneurs: Don’t ignore saving for retirement. Here are the basics of tax-favored plans to help build your ...

Read More »
11/25/2020
Avoiding Conflicts of Interest with Auditors Image
Avoiding Conflicts of Interest with Auditors

Before audit season starts, consider how a conflict of interest could negatively impact your financial statements.

Read More »
11/25/2020
Smart Nonprofit Leaders Know How to Delegate Image
Smart Nonprofit Leaders Know How to Delegate

Good delegation is essential to running your nonprofit efficiently and cost-effectively. Here’s how to choose t...

Read More »
11/24/2020
The 2021
The 2021 "Social Security Wage Base" Is Increasing

Employees pay Social Security tax on their wages up to the current tax year’s “wage base.” The SSA ...

Read More »
11/19/2020
Don't Let Your Key Employees Jump Ship Image
Don't Let Your Key Employees Jump Ship

Next-level management teams are the drivers behind building business value, but how can you and your advisors attract...

Read More »
11/18/2020
How Much Insurance Does Your Nonprofit Need to Mitigate Risk? Image
How Much Insurance Does Your Nonprofit Need to Mitigate Risk?

Insurance is the cornerstone of your risk management program. Fortunately, it can be affordable because most nonprofi...

Read More »
11/17/2020
Internal Audits Still Matter Image
Internal Audits Still Matter

Internal auditors can provide assurance that a nonprofit’s internal controls are effective at minimizing risk, ...

Read More »
11/9/2020
If You Don’t Uncover the Skeletons in Your Closet, Your Buyer Will Image
If You Don’t Uncover the Skeletons in Your Closet, Your Buyer Will

What is due diligence and why is it important when it comes to selling your business? Find out more...

Read More »
11/5/2020
Why Your Nonprofit Must Make Time For Accountability Image
Why Your Nonprofit Must Make Time For Accountability

Nonprofits are obligated to use resources to support their mission and benefit those they serve. Here’s why ins...

Read More »
11/3/2020
Understanding the Passive Activity Loss Rules Image
Understanding the Passive Activity Loss Rules

The passive activity loss rules can be complex and trip up some taxpayers. Here are the rules.

Read More »
10/29/2020
Gifts in Kind: New Reporting Requirements for Nonprofits Image
Gifts in Kind: New Reporting Requirements for Nonprofits

Unscrupulous nonprofits sometimes use “gifts in kind” to mislead donors and boost their ratings. New acco...

Read More »
10/28/2020
Candid Communication Can Help Ease Nonprofit Staffers’ Anxiety Image
Candid Communication Can Help Ease Nonprofit Staffers’ Anxiety

Even if your nonprofit is weathering 2020’s multiple storms, your staffers may be anxious. Make sure you’...

Read More »
10/27/2020
Is PPP Forgiveness Right for You? Special Consideration for Government Contractors Image
Is PPP Forgiveness Right for You? Special Consideration for Government Contractors

As banks start to accept applications for Paycheck Protection Program (PPP) loan forgiveness, there are several key f...

Read More »
10/23/2020
The Easiest Way to Survive an IRS Audit is to Get Ready in Advance Image
The Easiest Way to Survive an IRS Audit is to Get Ready in Advance

The more you know about IRS audits, the better you can fare when that letter arrives in the mail. 

Read More »
10/22/2020
Ingredients to Jumpstart the Planning Process Image
Ingredients to Jumpstart the Planning Process

When deciding to exit your business, you will need a proven process in place to ensure you have covered all the bases...

Read More »
10/21/2020
Your Nonprofit May Have a License To Print Money Image
Your Nonprofit May Have a License To Print Money

When licensing arrangements work, both charities and corporate partners can experience significant benefits, includin...

Read More »
10/20/2020
The Tax Rules for Deducting the Computer Software Costs of Your Business Image
The Tax Rules for Deducting the Computer Software Costs of Your Business

The tax rules for treating computer software costs can be complex. Here’s a basic explanation.

Why Face-to-Face Meetings With Your Auditor Are Important Image
Why Face-to-Face Meetings With Your Auditor Are Important

It’s almost audit season for calendar-year entities. Will you be ready to participate in video conferences with...

Read More »
10/14/2020
Should You Reach Out To
Should You Reach Out To "Effective Altruists?"

How do I do the most good with my donation? That’s what a lot of your nonprofit’s donors are asking. Foll...

Read More »
10/13/2020
The Process of Selling Your Business Has Already Begun Image
The Process of Selling Your Business Has Already Begun

Every action you take during the life of your business has an impact on your departure down the road. Learn more ...

Read More »
10/7/2020
Collective Impact Initiatives: All for One and One for All Image
Collective Impact Initiatives: All for One and One for All

Before your nonprofit joins a collective impact initiative, review five typical requirements; it could mean the diffe...

Read More »
10/6/2020
Business Website Costs for Tax Purposes Image
Business Website Costs for Tax Purposes

Your business likely has a website. How do you treat the costs involved in developing your site for tax purposes? Her...

How to Report COVID-19-Related Debt Restructuring Image
How to Report COVID-19-Related Debt Restructuring

Attention, lenders! COVID-19-related loan modifications may be exempt from the complex accounting rules for troubled ...

Read More »
9/29/2020
What To Do When The Audit Ends Image
What To Do When The Audit Ends

Just because your nonprofit’s financial audit has ended doesn’t mean your work is done. Learn what's next...

Read More »
9/28/2020
2020 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers Image
2020 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

With fall's arrival, it’s time for businesses to start thinking about fourth quarter tax deadlines.

Read More »
9/23/2020
On-Time Financial Reporting is Key in Times of Crisis Image
On-Time Financial Reporting is Key in Times of Crisis

Who cares if your financial statements are late? Lenders and investors, that's who. Procrastination may cause them to...

Read More »
9/22/2020
Private Foundations Need Strong Conflict-of-Interest Policies Image
Private Foundations Need Strong Conflict-of-Interest Policies

Even if your private foundation has good intentions, it may not be enough. You need a conflict-of-interest policy to ...

Read More »
9/21/2020
Employers Have Questions and Concerns About Deferring Employees' Social Security Taxes Image
Employers Have Questions and Concerns About Deferring Employees' Social Security Taxes

The IRS has issued guidance to implement the deferral of the employee share of SS tax, but employers still have quest...

Read More »
9/17/2020
Not All Strategies Are Created Equal Image
Not All Strategies Are Created Equal

Know the difference between Succession Planning, Exit Planning and Business Planning and how to best execute each.

Read More »
9/16/2020
Reporting Discontinued Operations Today Image
Reporting Discontinued Operations Today

Many businesses have undergone strategic shifts during the pandemic. Here’s how to determine whether that chang...

Read More »
9/15/2020
Financial Dashboards Can Steer Your Nonprofit Towards Financial Success Image
Financial Dashboards Can Steer Your Nonprofit Towards Financial Success

Financial dashboards help nonprofit leaders make decisions by providing clear visualizations of key metrics. Here is ...

Read More »
9/10/2020
5 Key Points About Bonus Depreciation Image
5 Key Points About Bonus Depreciation

Depreciating assets involves a complex area of tax law; here’s a rundown:

Read More »
9/9/2020
Find Your Best Path to the Future Image
Find Your Best Path to the Future

Follow these steps to develop a clear picture of how to transition your business to the successor you choose. 

Read More »
9/3/2020
Employee Social Security Payroll Tax Deferrals Begin Image
Employee Social Security Payroll Tax Deferrals Begin

Employee Social Security Payroll Tax Deferrals Begin Amid Continued Questions

Read More »
9/2/2020
Levels of Assurance: Choosing the Right Option for Your Business Today Image
Levels of Assurance: Choosing the Right Option for Your Business Today

Here are some key factors to consider when evaluating your company’s current level of assurance.

Read More »
8/31/2020
3 Steps to
3 Steps to "Stress Test" Your Business

Under stress? Here’s how you can spot vulnerabilities and prevent your business from being blindsided in crisis...

Read More »
8/27/2020
Should Your Nonprofit Accept That New Grant? Image
Should Your Nonprofit Accept That New Grant?

Government or foundation grants can help your nonprofit, but they could hamstring your organization. Learn more....

Read More »
8/26/2020
The Possible Tax Consequences of PPP Loans Image
The Possible Tax Consequences of PPP Loans

If your business received a PPP Loan, you should be aware of the potential tax implications.

Read More »
8/20/2020
Funding a Sale to “Insiders” Image
Funding a Sale to “Insiders”

Business owners often consider “insiders” as viable successors. Can this be a fatal flaw in planning...

Read More »
8/19/2020
How to Codify Your Nonprofit's Ethics Image
How to Codify Your Nonprofit's Ethics

Nonprofits that enforce a "code of ethical conduct" are associated with 50% lower fraud losses. Get started here...

Read More »
8/18/2020
Forecasting Financial Results for a Start-Up Business Image
Forecasting Financial Results for a Start-Up Business

Today’s markets are unpredictable, but changing conditions can open new business opportunities.

Read More »
8/13/2020
File Cash Transaction Reports for Your Business - On Paper or Electronically Image
File Cash Transaction Reports for Your Business - On Paper or Electronically

If your business receives large cash or cash equivalent payments, you may have to report them to the IRS. 

Read More »
8/12/2020
Financial Reporting for Nonprofits That Have Teamed Up Image
Financial Reporting for Nonprofits That Have Teamed Up

Nonprofits: here’s what you need to know if you’ve recently joined forces with another entity.

Read More »
8/11/2020
PPP Update August 6, 2020: SBA Releases PPP Loan Forgiveness FAQs Image
PPP Update August 6, 2020: SBA Releases PPP Loan Forgiveness FAQs

The SBA just released a new round of FAQs targeted at providing guidance for PPP loan forgiveness. Find out more.

Read More »
8/6/2020
Rethinking Cash Flow Image
Rethinking Cash Flow

Since you can’t escape the impact of cash flow, you might as well take it head on, right?

Read More »
8/6/2020
Reporting CAMs in the COVID-19 Era Image
Reporting CAMs in the COVID-19 Era

How the pandemic could add a new layer of complexity to the new-and-improved auditor’s report. 

Read More »
8/3/2020
Why Do Partners Sometimes Report More Income on Tax Returns than They Receive in Cash? Image
Why Do Partners Sometimes Report More Income on Tax Returns than They Receive in Cash?

In some cases, partners may be taxed on more partnership income than was distributed to them from their partnerships....

Read More »
7/30/2020
Drive Success with Dashboard Reports Image
Drive Success with Dashboard Reports

Is your business running like a fine-tuned machine? Dashboard reports can help you quickly recognize problems and eme...

Read More »
7/29/2020
Main Street Lending Program Now Open to Nonprofit Applicants Image
Main Street Lending Program Now Open to Nonprofit Applicants

The Fed’s Main Street Lending Program just opened to nonprofits. Find out whether this program can help you.

Read More »
7/28/2020
Accounting Today Names WEC as One of the Best Accounting Firms to Work for in 2020 Image
Accounting Today Names WEC as One of the Best Accounting Firms to Work for in 2020

We are honored and grateful to be named as one of the 2020 Accounting Today’s Best Accounting Firms to Work for...

Read More »
7/27/2020
Even If No Money Changes Hands, Bartering Is A Taxable Transaction Image
Even If No Money Changes Hands, Bartering Is A Taxable Transaction

Bartering is popular during times of economic downturns, which many businesses are suffering now due to COVID-19...

Read More »
7/23/2020
External Audits Offer Many Benefits to Nonprofits Image
External Audits Offer Many Benefits to Nonprofits

Even if your nonprofit isn’t required to have an external audit, there are many good reasons to obtain this add...

Read More »
7/20/2020
Reporting Embedded Leases Image
Reporting Embedded Leases

Beware: Your supply and service contracts may contain hidden surprises known as “embedded” leases.

Read More »
7/15/2020
Businesses: Get Ready for the New Form 1099-NEC Image
Businesses: Get Ready for the New Form 1099-NEC

A tax form that used to be filed back in the 1980's is coming back for 2020. Here’s what businesses need to kno...

Read More »
7/14/2020
Steer Clear of the Trust Fund Recovery Penalty Image
Steer Clear of the Trust Fund Recovery Penalty

The “Trust Fund Recovery Penalty” is among the more dangerous tax penalties facing business owners and ma...

Read More »
7/6/2020
Haven’t filed your 2019 business tax return yet? There may be ways to chip away at your bill. Image
Haven’t filed your 2019 business tax return yet? There may be ways to chip away at your bill.

The extended federal income tax deadline is coming up fast. As you know, the IRS postponed until July 15 the payment ...

Read More »
7/1/2020
Where Transferable Value Comes From

One of the most important elements of a successful business transition is transferable value. No matter what an owner...

Read More »
6/18/2020
Rebuilding Your Nonprofit's Board

COVID-19 and widespread unemployment have increased difficulties for nonprofits. Is your board up to the challenge?

Read More »
6/17/2020
Challenging Times - Accounting and The CARES Act Image
Challenging Times - Accounting and The CARES Act

As advisors, we are fielding a flood of questions from business owners, CFOs and controllers on how to account for be...

Read More »
6/8/2020
Realistic Timelines

Global economic disruption uniquely affects each business.

Growing Business Value When Times are Tough

Growing Business Value When Times are Tough

Importance of Business Intelligence

This article does a nice job of illustrating the importance of business intelligence, i.e., using data to drive decis...

Virtual Recruiting Strategy During COVID-19 Shutdown

What we are doing to engage our talent pools

Innovations in Technology

We really appreciate Gartner’s view that organizations must understand the business and human impact first, the...

Blockchain Technology - The Latest

Check out Andre Sterley's Video Newsletter.

CARES Act Relief for Government Contractors Image
CARES Act Relief for Government Contractors

The Coronavirus Aid, Relief, and Economic Security Act (CARES) was signed into law on March 27, 2020 to provide econo...

Read More »
3/31/2020
COVID-19 Contract Claims and Delays Image
COVID-19 Contract Claims and Delays

Contractors should prepare to navigate through potential contract claims

Read More »
3/30/2020
Consequences of COVID-19 - Financial Reporting Considerations

The AICPA released financial reporting considerations related to COVID-19.

CARES Act: Tax Provisions for Businesses

CARES Act - Tax Provisions for Businesses

Coronavirus Tax Relief Links

Please refer to the link for IRS updates related to the Coronaviru...

Get Your Final Indirect Cost Proposals Right for Year-End Reporting Image
Get Your Final Indirect Cost Proposals Right for Year-End Reporting

Final Indirect Cost Proposals and Year-End Reporting

As we start a new year, it’s time to “close ...

Read More »
1/28/2020
The Tax Implications of a Company Car

What are the benefits of using the company car?

Read More »
11/14/2019
Winston Churchill and the Tax Affecting of Pass-Through Entities

This article is as close as it gets in the valuation world to the “Extra, Extra… Read all about it&...

Read More »
8/29/2019
Fairness and Equity Among Family Members Image
Fairness and Equity Among Family Members

Owning a successful business can complicate family relations, especially when it comes to family finances. With ...

Which Door to Take?

Monty Hall and the Discount for Lack of Marketability…

Read More »
7/25/2019
“What... is the air-speed velocity of an unladen swallow?”

Monty Python and the Discount for Lack of Marketability

Read More »
5/30/2019
United States District Court Strikes Blow Against the Undead!

OK – the subject line of this article is a naked attempt to attract your attention but if you read on you ...

Read More »
4/18/2019
3 Things That Can Build Future Business Value

What can you do to help yourself overcome growth plateaus?

Go Forth and Multiply!

A brief explanation of EBITDA v. SDE in calculating the value of a business

Concrete Data to help with “The Art of the Deal”

Do you have the information you need to negotiate for your business?

Read More »
2/8/2019
Does the Wayfair Decision Affect You?

The criteria and precedent used to determine sales tax liability has changed. Will this change affect your business' ...

Read More »
2/7/2019
SALES AND USE TAX ECONOMIC NEXUS: ANALYSIS OF STATE THRESHOLDS

A brief summary of each state's economic nexus thresholds

Read More »
1/23/2019
How Business Owners Are Approaching Their Futures

Take a moment to consider the long-term future of your business.

The Qualified Business Income Deduction in a Nutshell

The new Qualified Business Income Deduction is one of the more complex proposed changes in the Tax Cuts and Jobs Act,...

Read More »
1/14/2019
How a REIT Can Benefit From a Cost Segregation Study

Many REITs are eligible to implement a tax strategy known as cost segregation. Unfortunately, misinformation has left...

Are Your Business Expenses Deductible Under New Tax Law? Image
Are Your Business Expenses Deductible Under New Tax Law?

The deductibility of certain expenses is obvious, while in other cases it’s unclear. And the TCJA affects many ...

Read More »
11/28/2018
Tax Law Changes for Nonprofits

Which parts of the recent tax reform have the greatest impact on not-for-profit organizations?

Read More »
11/7/2018
Prepare For New Lease Accounting

New accounting rules for reporting leases finally goes into effect in 2019 for public companies and 2020 for nonpubli...

Read More »
9/25/2018
Does Your Nonprofit Properly Report Donations?

Your not-for-profit probably already ensures that donors receive a receipt with information about claiming a charitab...

Financial Sustainability and Your Nonprofit

If your not-for-profit relies heavily on a few funding sources — for example, an annual government or foundatio...

"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...

Read More »
2/3/2018
Collaborating for a Cause: Nonprofit Alliances

Countless nonprofits have partnered up for strength and survival in recent years, but the success of these arrangemen...

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.

Read More »
1/19/2018
THE TAX CUTS AND JOBS ACT: Changes to Individual Taxation

Part 1 of 3: A summary of the most widely applicable points of the tax reform passed in December 2017. 

Read More »
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.

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

Part 2 of 3: A summary of the most widely applicable points of the tax reform passed in December 2017.

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

The Impact of New Tax Law on Valuations

Read More »
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...

Read More »
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...

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...

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...

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...

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&...

Read More »
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...

"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...

Four Simple Solutions for Reducing Waste

Those of us who operate in the manufacturing and distribution world are familiar with the “Seven Deadly Wastes&...

Inventory Counts - August 2014

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

"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...

Understanding Small Business Certification Image
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...

"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 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...

Read More »
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...

Read More »
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...

Read More »
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

Every taxpayer wants to reduce his/her tax liability, and if you are involved in qualified research activities, the R...

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...

Read More »
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 Image
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...

Read More »
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...

Read More »
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

Due diligence is one of the most critical stages in the process of purchasing a business. Some buyers incorrectly ass...

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...

3 Ways a Cost Segregation Study Can Help You

A cost segregation study can help you maximize tax savings and increase cash fl ows on
your future, current...

"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...

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...