As the coronavirus (COVID-19) pandemic continues to rattle financial markets and the broader global economy, it also has added even greater uncertainty around fair value measurements, a financial reporting requirement that many businesses have long found challenging.
As a business owner, you probably think of all the things you would like to do once you sell your business and enjoy your next venture. Or perhaps you have plans to travel, learn new skills and achieve personal growth. To do all of these things, however, it is essential that you make plans now to strengthen the value of your business prior to exiting.
Most people think of due diligence from the point of view of a prospective buyer. While that is typical, it is now becoming more common for business owners to conduct their own due diligence to fix any weaknesses within their company in advance of a potential sale.
Exit planning for business owners is not only about the numbers – the value of your business and your personal financial plan. It is also about planning for that next chapter in your life.
On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act (“TCJA”) into law. It is the most comprehensive tax reform seen in the United States since President Ronald Reagan’s 1986 Tax Reform Act.
I am sure this headline has you thinking, what do a nice summer drink, a low humming sound and an insurance policy have in common? Absolutely nothing, but in this article, we’ll see how all three are changing the age-old insurance industry on a daily basis.
It is no secret that healthcare regulatory compliance is front and center in the eyes of the United States Department of Justice (DOJ), the Department of Health and Human Services – Office of Inspector General (OIG) and the Centers for Medicare and Medicaid Services (CMS).
The recent statistics on employee theft is shocking. According to one US source, 75% of employees admit to having stolen at least once from their employer—and employee theft costs a company on average 7% of their annual revenues each year.
On March 27, 2017, the Department of Health and Human Services, Office of Inspector General (“OIG-HHS”), in collaboration with the Health Care Compliance Association (HCCA), published Measuring Compliance Program Effectiveness – A Resource Guide (the “Guide”).
As Hurricanes Harvey and Irma have stormed through Texas and the Southeast, the aftermath may have left you still dealing with considerable physical damage to multiple units. Even if your business was spared from significant impact, you may have been affected due to power outages, road closures or mandatory evacuations.
By now, you are most likely aware that Volkswagen ran afoul with the United States Environmental Protection Agency (“EPA”) but what you may not know are the details that serve as a cautionary tale for U.S. companies.
Bennett Thrasher LLP is proud to announce the Daily Report has named it “Best Of 2017” in two categories. Bennett Thrasher won in the category for Best Full-Service Accounting firm for the sixth consecutive year and in the category for Best Forensic Accounting Firm for the fourth consecutive year.