Mckinsey and Company
DECEMBER 1, 2020
In 2021, the COVID-19 pandemic will accelerate industry trends, with shopping shifting to digital channels and consumers continuing to champion fairness and social justice.
ThomsonReuters
DECEMBER 20, 2020
What is the difference between sales tax and value-added tax (VAT)? Both sales tax and VAT are types of indirect tax – a tax collected by the seller who charges the buyer at the time of purchase and then pays or remits the tax to the government on behalf of the buyer. Sales tax and VAT are a common cause of confusion within the corporate tax community.
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Shuster & Co.
DECEMBER 29, 2020
Many business owners know their long-term goals and growth plans and recognize why these elements are crucial to success. However, far fewer know how a valuation can help them achieve those goals. A business valuation is used to estimate the economic value of a business, or a stake in the interest, at a certain point in time. A professionally conducted business valuation may benefit the owner(s) in multiple types of business transactions.
Appraisal Rights
DECEMBER 29, 2020
Chancellor Andre G. Bouchard of the Delaware Chancery Court will retire effective April 30, 2021. Chancellor Bouchard handed down a number of major appraisal decisions during his time on the bench, including Solera , DFC Global , Cirillo Family Trust , and Farmers & Merchants. We covered his appointment in 2014, and his first appraisal opinion back in 2015.
Speaker: Susan Spencer, Principal of Spencer Communications
Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.
Cooley M&A
DECEMBER 14, 2020
On November 24th, Burson Cohn & Wolfe (BCW) brought together experts from across financial services to discuss current activity and prospects for special purpose acquisition companies (“SPAC”). The discussion was moderated by Gus Okwu, an EVP in BCW’s Corporate Group with a focus on financial communications, and the speakers included: • Eklavya Saraf – Global Head of SPAC Listings at NASDAQ • Eric Gomberg – Head of SPAC Banking at Odeon Capital Group • Ivan Ross – Co-founder and Partner at A
Robert Berry
DECEMBER 4, 2020
Reading Time: 2 minutes VIDEO TRANSCRIPT BELOW What would you say if I told you I called my girlfriend fat? This is how I started off a recent presentation on active listening. The response was overwhelming. 100% of the … Why you must use context to control your triggers – Active Listening for Auditors and Everyone Read More ».
Business Valuation Zone brings together the best content for business valuation professionals from the widest variety of industry thought leaders.
ThomsonReuters
DECEMBER 19, 2020
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act, PL 116-136) made substantial changes to the Code Sec. 163(j) business interest expense deduction limitation. With all the changes made to the Code in 2020 due to COVID-19, it is worthwhile to review Code Sec. 163(j) both pre- and post-CARES Act changes. What is the 163(j) limitation?
Musings on Markets
DECEMBER 2, 2020
On Monday, November 16, Airbnb filed it’s preliminary prospectus with the SEC, starting the clock on its long awaited initial public offering. On the same day, rising COVID cases caused more shut downs and restrictions around the world, creating a clear disconnect. Why would a company that derives its value from short term rentals by people who travel want to go public, when a out-of-control virus is causing its business to shut down?
Appraisal Rights
DECEMBER 30, 2020
This industry round-up by Global X ETFs surveys the near-term challenges and longer-term prospects for cannabis companies. The piece examines several industry tailwinds, including “trends in new dispensary openings, a shift to e-commerce, and the introduction of new consumable forms of cannabis” fueling growth across North America, as well as further legalization efforts amid the COVID-19 crisis.
Cooley M&A
DECEMBER 4, 2020
Eco-friendly, socially conscious and pro-governance investments have been hailed recently with a surge in focus on ESG initiatives, but sustainability and profitability don’t always go hand in hand. The Deal and a roster of senior corporate executives, institutional investors, and corporate advisers explored how companies are shifting their focus to more sustainable practices, stronger ESG initiatives and preparing for longer-term risks, all while managing customer and shareholder needs.
Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker
The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l
GCF Value
DECEMBER 1, 2020
Business Valuation Process Varies By Need Darren Mize, ASA What’s driving the request for a business valuation? Different circumstances call for a more – or less – comprehensive business valuation. Your specific need will determine both the timeline for a final report and the actual process a business valuation professional will follow. Different Types of Business Valuations Complete Appraisal The most detailed form of business valuation, a full-form appraisal looks at every aspect of the busin
Simply Treasury
DECEMBER 16, 2020
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ThomsonReuters
DECEMBER 23, 2020
IRS Notice 2021-02 (Dec. 22, 2020); IRS News Release IR-2020-279 (Dec. 22, 2020). Notice. News Release. The IRS has announced the 2021 standard mileage rates for business, medical, and other uses of an automobile, and the 2021 vehicle values that limit the application of certain rules for valuing an automobile’s use. For 2021, the business standard mileage rate is 56 cents per mile (a 1.5 cent decrease from the 57.5 cents rate for 2020), and the rate when an automobile is used to obtain medical
Value Scope
DECEMBER 7, 2020
Click to Download: Tax Benefits of the CARES Act to Energy Companies Executive Summary Issue: As the end of 2020 draws near, the benefits to energy companies of The Coronavirus Aid, Relief, and Economic Security (CARES) Act should be kept in mind for 2020 tax filings. The CARES Act was signed into law on March 27, 2020, and includes broad measures to provide assistance, economic stimulus, and relief to American companies and individuals.
Speaker: Joe Apfelbaum, CEO of Ajax Union
In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.
Appraisal Rights
DECEMBER 23, 2020
With litigation over section 220 demands becoming more frequent and contentious, the Supreme of Court Delaware weighed in an en banc ruling and affirmed shareholders’ rights to inspect a company’s books and records. In this protracted dispute which we’ve previously blogged about, AmerisourceBergen Corporation took the Chancery Court’s ruling allowing shareholders the right to inspect the Company’s documents relating to opioid distribution compliance to the Delaware Supreme Court.
Cooley M&A
DECEMBER 15, 2020
In the months following the onset of the COVID-19 pandemic, a slew of parties filed lawsuits in US courts relating to M&A transactions that were signed prior to March 2020 and that buyers were seeking to terminate as a result of the pandemic. In these lawsuits, buyers commonly alleged one (or both) of the following as justification for their failure to close: (i) that the target suffered an MAE as a result of COVID-19’s impact on its business; or (ii) that target materially breached the cond
GCF Value
DECEMBER 1, 2020
Business Valuation Process Varies By Need. Darren Mize, ASA December 1, 202 0. What’s driving the request for a business valuation? Different circumstances call for a more – or less – comprehensive business valuation. Your specific need will determine both the timeline for a final report and the actual process a business valuation professional will follow.
Simply Treasury
DECEMBER 16, 2020
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ThomsonReuters
DECEMBER 19, 2020
With many businesses experiencing losses due to COVID-19, now is a good time to review the CARES Act net operating loss (NOL) rules. The Tax Cuts and Jobs Act (TCJA) changed the rules for deducting net operating losses in 2017. Before 2017, NOLs were fully deductible and could be carried back two years and carried forward 20 years. In 2017, TCJA changed the NOL rules by: limiting NOL deductions to 80% of taxable income, disallowing NOL carrybacks, and. lifting the 20-year limit on NOL carryovers
Value Scope
DECEMBER 7, 2020
Click to Download: Tax Benefits of the CARES Act to Energy Companies. Executive Summary. Issue: As the end of 2020 draws near, the benefits to energy companies of The Coronavirus Aid, Relief, and Economic Security (CARES) Act should be kept in mind for 2020 tax filings. The CARES Act was signed into law on March 27, 2020, and includes broad measures to provide assistance, economic stimulus, and relief to American companies and individuals.
Appraisal Rights
DECEMBER 8, 2020
While the appraisal landscape , and many of the major appraisal decisions of the past few years, have concerned the appraisal of public companies, it is critical for investors and practitioners to not lose sight of private appraisal. Appraisal rights can be available to shareholders of privately held corporations, and can be exercised when a private company is taken over.
ThomsonReuters
DECEMBER 11, 2020
The IRS has added an optional computational bridge to its 2021 version of Publication 15-T (Federal Income Tax Withholding Method) that employers can use if they want to treat 2019 or earlier Forms W-4 as if they were 2020 or later Forms W-4 for the purposes of determining federal income tax withholding. Background. Following the enactment of the Tax Cuts and Jobs Act (TCJA) in late-December 20217, the IRS needed to significantly revise Form W-4 (Employee’s Withholding Certificate) (see
ThomsonReuters
DECEMBER 10, 2020
PPACA; HHS Notice of Benefit and Payment Parameters for 2022 and Pharmacy Benefit Manager Standards; Updates To State Innovation Waiver (Section 1332 Waiver) Implementing Regulations; Proposed Rule, 45 CFR Parts 147, 150, 153, 155, 156, 158, and 184, 85 Fed. Reg. 78572 (Dec. 4, 2020); Notice of Benefit and Payment Parameters for 2022 Proposed Rule Fact Sheet.
ThomsonReuters
DECEMBER 23, 2020
QUESTION: Everybody in the employee benefits field uses acronyms like ALE, MLR, and ACA. What do these and other employee benefits acronyms stand for? ANSWER: Here’s an explanatory list of common acronyms primarily used in our Health Care Reform manual. (Last week’s Question of the Week included acronyms primarily used in our COBRA, HIPAA, and Group Health Plan Mandates manuals, and the Question of the Week from the week before included acronyms from the ERISA Compliance, Self-Insured Heal
ThomsonReuters
DECEMBER 17, 2020
IRS Notice 2020-86 (Dec. 9, 2020). Available at [link]. The IRS has issued Notice 2020-86 to answer frequently asked questions about the SECURE Act’s provisions affecting safe harbor plans (see our Checkpoint article ). Section 102 of the SECURE Act raised the maximum deferral percentage for plans using the safe harbor for qualified automatic contribution arrangements (QACAs) from 10% to 15%.
ThomsonReuters
DECEMBER 17, 2020
With the recent rash of public company fraud issues that were missed both internally and by external auditors, there has been a lot of negative news coverage for the accounting industry. But what does this mean for small CPA firms who don’t perform audits? In this episode of Pulse of Practice “Should a Small Firm Care?”, Paul Miller, CPA from Business by Design , and I are joined by Brian Fox, Founder of Confirmation, part of Thomson Reuters.
ThomsonReuters
DECEMBER 17, 2020
QUESTION: Everybody in the employee benefits field uses acronyms like ADA, MSP, and PHI. What do these and other employee benefits acronyms stand for? ANSWER: Here’s an explanatory list of common acronyms primarily used in our COBRA, HIPAA, and Group Health Plan Mandates manuals. (Last week’s Question of the Week included acronyms primarily used in our ERISA Compliance, Self-Insured Health Plans, Cafeteria Plans, Consumer-Driven Health Care, and Fringe Benefits manuals, and next week, we’ll
ThomsonReuters
DECEMBER 10, 2020
QUESTION: Everyone in the employee benefits field uses acronyms like CDHC, EAP, and TCJA. What do these and other employee benefit acronyms stand for? ANSWER: Here’s an explanatory list of common acronyms primarily used in our Cafeteria Plans, Consumer-Driven Health Care, ERISA Compliance, Self-Insured Health Plans, and Fringe Benefits manuals. (Next week’s Question of the Week will address acronyms primarily used in our COBRA, HIPAA, and Group Health Plan Mandates manuals, and the following w
ThomsonReuters
DECEMBER 22, 2020
Consolidated Appropriations Act, 2021, H.R. 133 (Dec. 21, 2020). Rules Committee Print available at [link]. Congress has passed, and the President is expected to sign, year-end appropriations legislation that includes a variety of provisions affecting employer-sponsored benefit plans—some relating to the COVID-19 public health emergency and others with broader applicability.
ThomsonReuters
DECEMBER 23, 2020
Qualified Transportation Fringe, Transportation and Commuting Expenses under Section 274, 26 CFR Part 1, 85 Fed. Reg. 81391 (Dec. 16, 2020). Available at [link]. The IRS has issued final regulations implementing the Tax Cuts and Jobs Act (TCJA) provisions that disallow employer deductions for qualified transportation fringe benefits and certain other transportation and commuting benefits for taxable years beginning after 2017 (see our Checkpoint article ).
ThomsonReuters
DECEMBER 10, 2020
IRS Webpage: Frequently Asked Question about COVID Relief for Van Pools (Dec. 3, 2020). Available at [link]. The IRS has posted an FAQ describing temporary relief from some of the conditions that ordinarily must be met for vanpooling benefits to be excluded from employees’ income. Generally, “vanpooling” means transportation between an employee’s residence and place of employment in a commuter highway vehicle.
ThomsonReuters
DECEMBER 9, 2020
It will come as no surprise after the year we’ve had: the growing risk of fraud in the 2020 year-end audit is real. A number of audit clients have been struggling to survive the COVID-19 pandemic. This means that going concern assessments are more critical this year than ever. It also means that fraud risk is increasing.
ThomsonReuters
DECEMBER 23, 2020
Form 5498-SA (HSA, Archer MSA, or Medicare Advantage MSA Information) (2021); Instructions for Forms 1099-SA and 5498-SA (2021). Form 5498-SA. Form 1099-SA and 5498-SA Instructions. The IRS has released Form 5498-SA for the 2021 tax year, along with its instructions, which are combined with the instructions for Form 1099-SA. (The 2021 General Instructions for Certain Information Returns, which relate to these and certain other information returns, have not yet been released.
ThomsonReuters
DECEMBER 20, 2020
The 2018 Supreme Court South Dakota v. Wayfair decision dramatically shifted the sales tax landscape in the United States. Companies of all sizes are facing sales tax compliance obligations that are more complex than ever. Under “economic nexus” rules , a company may need to register, collect sales tax, and file a state sales tax return if it passes a specified threshold, regardless of whether the company has a physical presence like storefronts, warehouses, or sales personnel in the state.
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