Sat.Jul 03, 2021 - Fri.Jul 09, 2021

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4 Questions To Ask When Buying a Business For or Selling Your Company to Your Children

Chris Curtain

Everyone wants to help their children succeed. Many believe the best path for them is the same path they chose-Entrepreneurship. Before you help your children buy or start a business let’s look at some caveats: The post 4 Questions To Ask When Buying a Business For or Selling Your Company to Your Children appeared first on Business Appraisal FL | GA.

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What Constitutes an Involuntary Termination of Employment for Purposes of the ARPA COBRA Premium Subsidy?

ThomsonReuters

QUESTION: I understand that to be eligible for the ARPA COBRA premium subsidy, an employee must have lost group health plan coverage due to an involuntary termination of employment or a reduction of hours. For this purpose, when is a termination of employment considered involuntary? ANSWER: The 100% COBRA premium subsidy created by the American Rescue Plan Act of 2021 (ARPA) (see our Checkpoint article ) is available when certain employees (and their families) lose health coverage due to the

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Tech Startups Valuation: Case Study [Free template]

Sharp Sheets

A lot has been written online around tech startups valuation: the different methodologies, their pros and cons and limitations. Everyone agrees on one thing though: one must be very careful when calculating a valuation for high-growth businesses such as tech startups. Indeed, all startup valuations are the result of a negotiation between two parties: existing and new investors.

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Keeping Up with Delaware Appraisal Jurisprudence Since Aruba: Deal Price Reigns Supreme, But Will Recent Decision Lead to More Arbitrage?

Cooley M&A

In a string of seminal decisions from 2017 through 2019 ( DFC Global , Dell and Aruba ), the Delaware Supreme Court re-shaped appraisal jurisprudence, in each case by overturning the Court of Chancery for failing to give adequate weight to deal price as the most reliable indicator of fair value. In the Delaware appraisal decisions that have followed, the court has consistently found deal price (minus synergies) to be the most reliable indicator of fair value, so long as there was a sufficiently

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How to Leverage Intent Data for Better Outcomes

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.

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Business Exit Strategy Steps

Chris Curtain

What are the processes and strategies involved in selling a business? A certified business valuation performed by a member of the Business Appraisal Florida team is an important component of the strategy implementation process, but it is just one of several steps. Here’s a business exit strategy checklist from our sister company, Bankers Advocate, for […].

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Technology is Enabling Centralized Global Statutory Reporting

ThomsonReuters

Multinational enterprises (MNEs) began using centralized shared services centers three decades ago to standardize and improve efficiency in back-office functions such as finance & accounting, human resources, and IT. Today, finance is the corporate function most commonly managed this way — but longstanding obstacles have prevented the model from being extended to statutory reporting and tax compliance.

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LAVA: M&A Trends in the Cannabis Industry

Appraisal Rights

Los Angeles Venture Association (LAVA) recently hosted a webinar discussing the recent uptick of merger and acquisition activity over the last six months, and the trends that will impact the future of the market. Two reasons for the uptick in cannabis industry investments are confidence in the economy and elections which helped legalize cannabis. Momentum in states like Texas have increased confidence for investors to enter in the cannabis industry.

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The Important Role of Business Valuation in Exit Planning

Chris Curtain

Business owners frequently ask themselves and their trusted advisers if they need to spend money on a preliminary and independent business valuation as part of their exit strategy and whether it is a worthwhile investment. The answer is a resounding yes. Business Exit Planning It is critical to understand a business’ value. The prospective five-year […].

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Surprise Medical Billing Guidance (Part 1) and Model Notice Released; Expectations for Future Guidance Addressed

ThomsonReuters

Interim Final Rule With Comment Period: Requirements Related to Surprise Billing; Part I, 5 CFR Part 890, 26 CFR Part 54, 29 CFR Part 2590, 45 CFR Parts 144, 147, 149, and 156, 86 Fed Reg __ (July 13, 2021); DOL Model Notice: Your Rights and Protections Against Surprise Billing; CMS Fact Sheet: Requirements Related to Surprise Billing: Part I Interim Final Rule With Comment Period (July 1, 2021).

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Startup Valuation: Understanding Discounted Cash Flow (DCF)

Sharp Sheets

DCF is one of the most common methodology used by investors worldwide to value businesses. Indeed, DCF gives an intrinsic valuation by using a business’ expected cash flows. Yet, venture capital investors very rarely use DCF to value startup. Why is that? In this article we explain everything you should know about the Discounted Cash Flow (DCF) and whether you should use it for your startup valuation.

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Statement of Cash Flows vs. Cash Flow Statement

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

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Auditing the Anti-bribery and Corruption Program

Internal Audit 360

L ast October, the Securities and Exchange Commission sent a clear message to companies with significant operations overseas: ensure that a robust anti-bribery program is in place and functioning properly or pay the price. The SEC sent that message via a $10 million fine against Sussex, Wisconsin-based printing and marketing company Quad/Graphics Inc.

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What is Fair Market Value?

Chris Curtain

Many sectors, including but not limited to company valuation and appraisals, business brokerage, mergers and acquisitions, venture capital, commercial financing, charity donations, and federal and state laws, utilize the term “fair market value.” While there are various definitions of “fair market value,” when it comes to a corporate entity, most are quite consistent and comparable. […].

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Last Week in Payroll: Federal Employment Taxes

ThomsonReuters

Federal Employment Taxes. The United States first imposed a federal income tax briefly during the American Civil War and also in the 1890s. However, it was the 16 th Amendment to the U.S. Constitution in 1913 that permanently legalized a federal income tax. Then, in 1935, the Social Security Act was signed into law, which resulted in a tax on both the employer and employee (6.2% each).

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What Does It Mean to Be Financially World Class?

Andrew Stolz

Many years ago, the management team of the business I co-own in Thailand, CoffeeWORKS , made it through the tenth year of an annual (and massive) quality audit done by one of our multinational customers. Our customer congratulated us for having World Class quality, the feeling among our management team and all employees was ecstatic. Since that time, we have maintained that World Class level of quality in CoffeeWORKS.

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Mastering Intent Data: Understanding its Importance & Best Practices

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.

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Is your firm driving change or bringing up the rear?

ThomsonReuters

Rapid regulatory change, evolving customer needs, and tight competition for talent is forcing tax and accounting firms to rethink their technology and software tools. . Is your tax and accounting firm keeping up with the rapid pace of change or falling behind? . 90% of accountants now feel there is a cultural shift in accountancy leaning toward technological adoption. .

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Looking ahead with a focus on advisory

ThomsonReuters

Although your firm’s tax compliance practice is healthy and well-established, you may have a desire to grow into a new, larger role for your clients. Taking on the role of trusted advisor to your clients and offering advisory services is the way of the future. . This is not some underwear gnome’s profit plan – this is based on facts. Industry experts predict that 78% of finance processes can be automated, leading to reduced revenue.

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What’s stopping your staff from being more client-focused?

ThomsonReuters

Are mundane, day-to-day tasks sapping your staff’s will to work? Do your employees find their work meaningful and fulfilling? If your staff is looking more exhausted than excited, give them the cutting-edge tools they’ve been begging for! . Long gone are the days of sitting around a conference table, cutting coupons for extensions and estimates, copying tax returns, collating, stapling, and putting them in the mail.

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IRS Updates Internal Summary of Hardship Distribution Rules

ThomsonReuters

Issue Snapshot: Hardship Distributions From 401(k) Plans (June 23, 2021). Available at [link]. The IRS has updated its “Issue Snapshot” summarizing the requirements for hardship distributions from 401(k) plans. Issue Snapshots are documents created for use by IRS employees that analyze tax issues and provide links to additional resources, including Code sections and regulations, revenue rulings, and IRS webpages.

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Using “Dummy Code” to Pass Administrative Fees Through to Health Plan May Be Fiduciary Breach

ThomsonReuters

Peters v. Aetna Inc., 2021 WL 2546412 (4th Cir. 2021). Available at [link]. A participant in her employer’s self-insured ERISA group health plan sued the plan’s claims administrator and a subcontractor that provided access to chiropractic and other services, challenging certain billing practices. She alleged that when a participant was treated by a health care provider in the subcontractor’s network, the charge for the service was bundled with the subcontractor’s administrative fee using a “dum

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Indirect tax teams face resource constraints and talent gaps in new survey

ThomsonReuters

Nearly half of the corporate tax departments participating in a new survey say they are under-resourced — and the problem is more pronounced among companies in North America than in Europe. In the US, 56% of respondents said they have strained resources, compared with 46% in Canada, 37% in mainland Europe, and 25% in the UK, according to the 2021 State of the Corporate Tax Department report from Thomson Reuters.

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How global companies mitigate supply chain disruptions

ThomsonReuters

In the US, the Biden administration is unveiling its global trade strategy. In Europe, Brexit’s impact on corporate supply chains continues to unfold. In Asia and around the world, authorities are negotiating new free trade agreements. For trade and customs specialists at multinational companies, today’s disruptions follow unprecedented challenges spawned by the US-China trade war and pandemic-driven supply chain breakdowns.