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Returning Value Blog

M&A Transactions: Avoid Surprises from the IRS

Posted by Michael D. Machen, CPA, CVA on Jul 09, 2019

If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both parties report the transaction to the IRS in the same way. Otherwise, you may increase your chances of being audited.

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Posted in Business Advisory

Which Entity is Most Suitable for Your New or Existing Business?

Posted by Lesley L. Price, CPA on Jun 25, 2019

The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax rate for C corporations. Under prior law, profitable C corporations paid up to 35%.

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Posted in Business Advisory

Measuring "Fair Value" for Financial Reporting Purposes

Posted by Michael D. Machen, CPA, CVA on Jun 11, 2019

The standard for valuing certain assets and liabilities under U.S. Generally Accepted Accounting Principles (GAAP) is “fair value.” This differs from other valuation standards that may apply when valuing a security or business interest in a litigation or mergers and acquisitions (M&A) setting.

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Posted in Business Advisory

Consider a Roth 401(k) Plan - and Make Sure Employees Use It

Posted by Marty Williams, CPA on May 13, 2019

Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan Sponsor Council of America (PSCA) found that Roth 401(k)s are now available at 70% of employer plans, up from 55.6% of plans in 2016.

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Posted in Business Advisory

Put a QOE Report to Work for You

Posted by Michael D. Machen, CPA, CVA on May 02, 2019

An independent quality of earnings (QOE) report can be a valuable tool in mergers and acquisitions. It’s important for both buyers and sellers to look beyond the quantitative information provided by the selling company’s financial statements.

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Posted in Business Advisory

Understanding How Taxes Factor into an M&A Transaction

Posted by Michael D. Machen, CPA, CVA on Apr 02, 2019

Merger and acquisition activity has been brisk in recent years. If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed under current law.

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Posted in Business Advisory

M&A Due Diligence: Don't Accept Financial Statements At Face Value

Posted by Michael D. Machen, CPA, CVA on Jan 21, 2019

The M&A market was hot last year, and that momentum is expected to continue in 2019. Before acquiring another business, however, it’s important to do your homework. Conducting comprehensive due diligence can be a daunting task, especially if you’ve never negotiated a deal before. So, consider seeking input from an experienced accounting professional.

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Posted in Business Advisory

Starting Slow With a SIMPLE IRA

Posted by Marty Williams, CPA on Oct 30, 2018

For certain employers, particularly small businesses, introducing a retirement plan for employees may seem like a daunting task. The company owner may feel that providing a full-blown 401(k) plan is his or her only choice, but that’s far from true.

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Posted in Business Advisory

Businesses Aren't Immune To Tax Identity Theft

Posted by Lisa Albritton on Sep 25, 2018

Tax identity theft may seem like a problem only for individual taxpayers. But, according to the IRS, increasingly businesses are also becoming victims. And identity thieves have become more sophisticated, knowing filing practices, the tax code and the best ways to get valuable data.

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Posted in Business Advisory

How To Reduce The Tax Risk of Using Independent Contractors.

Posted by Jessica L. Pagan, CPA on Sep 04, 2018

Classifying a worker as an independent contractor frees a business from payroll tax liability and allows it to forgo providing overtime pay, unemployment compensation, and other employee benefits. It also frees the business from responsibility for withholding income taxes and the worker’s share of payroll taxes.

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Posted in Business Advisory

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