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Returning Value Blog

New Overtime Pay Rule Compliance

Posted by Murry Guy, CPA on Oct 10, 2019

New Rule will affect millions - After the 2016 regulation (which had a much higher threshold) was invalidated by a U.S. District Court, a new regulation was finalized on September 24, 2019, by the U.S. Department of Labor.  However, changes in the regulations do not formally take effect until January 1, 2020. Because of that, employers still have time to make the adjustments necessary to be in full compliance.

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Posted in Business Advisory

5 Ways to Withdraw Cash from Your Corporation While Avoiding Dividend Treatment

Posted by Lesley L. Price, CPA on Sep 17, 2019

Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax-efficient, since it’s taxable to you to the extent of your corporation’s “earnings and profits.” But it’s not deductible by the corporation.

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Posted in Business Advisory

Budgeting Is Key to a Successful Start-Up

Posted by Nick Wheeler, CPA on Sep 16, 2019

More than half of recent college graduates plan to start a business someday, according to the results of a survey published in August by the American Institute of Certified Public Accountants (AICPA). Unfortunately, the AICPA estimates that only half of new businesses survive the five-year mark, and only about one in three reaches the 10-year mark.

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Posted in Business Advisory

Trying to Sell Your Business?

Posted by Michael D. Machen, CPA, CVA on Aug 27, 2019

If you are considering selling your business, you may want to read this first, before you try.

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Posted in Business Advisory

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

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