ThomsonReuters

JUNE 15, 2021

Starting your own CPA firm may seem like a distant fantasy, but with barriers to entry lower than they’ve ever been, it could be closer than you think. If you’ve been wondering if it’s time to break free, here are five signs that you’re ready to be your own boss. You have the experience. Most small CPA firm owners have years of experience working for larger firms and find themselves wanting to utilize that experience to serve clients in their own way.

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Start-ups Technology Accounting Firms 98

Cooley M&A

JUNE 17, 2021

“During the first quarter, domestic M&A – where UK companies acquire other UK companies – was worth £3.8bn, a decrease of £5.3bn from the previous quarter last year, according to figures published by the Office for National Statistics.” Michal Berkner was quoted in this City A.M. article on M&A trends. Read the full article here.

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Shephard Mullin M&A

JUNE 16, 2021

In Shareholder Representative Services LLC v. Albertsons Companies, Inc. , 2021 WL 2311455 (Del. Ch. June 7, 2021), the Delaware Court of Chancery (Slights, V.C.) provided key guidance on mergers and acquisitions (“M&A”) earnout disputes regarding contractual earnout language, the applicability of the implied covenant of good faith and fair dealing, extra-contractual discussions and promises and post-closing behavior of the acquirer.

Equity 52

Equity 52

Sharp Sheets

JUNE 13, 2021

Whenever you are about to go meet investors to raise venture capital, you will be facing a very crucial task: finding a valuation for your mobile app business. The valuation, an agreement between you and your investors on how much your business is worth today, will ensure both parties get a fair deal. More importantly, it will dictate how much equity ownership you are selling to investors as part of the round, and therefore what is your corresponding dilution.

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Equity 52

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.

Marketability

ThomsonReuters

JUNE 14, 2021

Each year, more than 40 million Schedule K-1 (Form 1065) are sent to US taxpayers, reporting income and other financial information stemming from their participation in partnerships, S corporations, and trusts. Unlike W-2 forms and other IRS-mandated documentation, however, K-1s needn’t be produced in a standard format, so they come in a variety of formats and may include unstructured data, free-form text, footnotes, statements, and disclosures.

Compliance 98

Compliance Dividends Start-ups Technology 98

Merrimack Business Appraisers

JUNE 14, 2021

As July 4th approaches, Americans seem poised to celebrate Independence Day with more spirit than ever. Yet, here at Merrimack Business Appraisers, independence holds meaning for us all year long. In order to promote and preserve the public trust, our appraisal practice observes the highest standards of professional ethics, including an unwavering commitment to independence. […].

Business Valuation 52

Business Valuation Appraisal 52

ThomsonReuters

JUNE 15, 2021

Use of Special purpose acquisition (SPAC) vehicles have spiked over the past year because private equity and venture capital firms have excess cash they need to put to work, accounting practitioners said mid-June. And about 400 are eagerly trying to find a target company – with hundreds of billions of dollars chasing a finite amount of deals and therefore valuations are sky-high.

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Risk-free Rate Equity Start-ups Book Value 64

ThomsonReuters

JUNE 17, 2021

GAO Report on Employee Benefits Security Administration: Enforcement Efforts to Protect Participants’ Rights in Employer-Sponsored Retirement and Health Benefit Plans, GAO-21-376 (May 2021). Available at [link]. The U.S. Government Accountability Office (GAO) has released a report on ERISA enforcement efforts by the DOL’s Employee Benefits Security Administration (EBSA).

Compliance 52

Compliance 52

ThomsonReuters

JUNE 17, 2021

QUESTION: Our company’s self-insured group health plan provides both medical/surgical and mental health and substance use disorder benefits. We have heard that, to comply with the mental health parity rules, we have to prepare an NQTL comparative analysis. What is this, and how do we prepare it? ANSWER: Health plans and insurers that provide both medical/surgical benefits and mental health or substance use disorder (MH/SUD) benefits—and that impose nonquantitative treatment limitations (NQTLs)

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Compliance 52

ThomsonReuters

JUNE 17, 2021

Mandatory 60-Day Postponement of Certain Tax-Related Deadlines by Reason of a Federally Declared Disaster, 86 Fed. Reg. 31146 (June 11, 2021). Available at [link]. The IRS has issued final regulations regarding the minimum 60-day extension of certain tax-related deadlines on account of “federally declared disasters.” The 60-day minimum appears in Code § 7508A(d), which was added by legislation enacted in 2019 (see our Checkpoint article ).

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Treasury 52

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

Corporate Finance

ThomsonReuters

JUNE 15, 2021

What is Onvio? Thomson Reuters Onvio® is our new cloud-native platform for tax and accounting firms. We are reimagining UltraTax CS® and the CS Professional Suite® to deliver time savings, better client collaboration, and advisory opportunities in a faster, more flexible, more secure, and more accessible environment. Why are we building Onvio? We are building Onvio to help our customers thrive, not just survive.

Compliance 52

Compliance Accounting Firms Technology 52

Sharp Sheets

JUNE 14, 2021

In this article we explain you how to assess an accurate valuation for your business, whether you have a Shopify store, Amazon FBA business, or any type of e-commerce shop. The post Ecommerce Valuation: How To Value Your Ecommerce Business? appeared first on SharpSheets.

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ThomsonReuters

JUNE 14, 2021

Remote work, along with the tools used to connect teams and apps, is on everyone’s mind these days. How do you know when it’s time to automate processes? How do you know when you need tools to connect teams? As usual, the big brains at Amazon are way ahead of us. . Consider this: T he Guardian reports , “ I n the early days of? Amazon , Jeff Bezos instituted a rule: every internal team should be small enough that it can be fed with two pizzas.

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ThomsonReuters

JUNE 17, 2021

White House Memorandum: What We Urge You To Do To Protect Against The Threat of Ransomware (June 2, 2021). Available at [link]. The Biden administration has released a memorandum reminding corporate executives and business leaders of the private sector’s “critical responsibility” to protect against ransomware threats. The memorandum was prepared by an official within the National Security Council (NSC), the president’s principal forum for considering national security and fore

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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.

Marketability