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Make a Successful Ownership Transition by Knowing Your Options

By Advisory, Insights, Valuation, Valuation Acceleration & Exit Planning

On Monday, September 13, 2021, House Ways and Committee Chairman Richard Neal released the first draft of the House Democrats’ tax legislation (including both tax increases and tax relief) they expect to consider as part of the budget reconciliation process, intended to fund key programs under President Biden’s “Build Back Better” program.

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What’s in a Multiple?

By Advisory, Insights, Valuation

As you begin the process of selling your business, it’s important to make sure that you have a grasp on the current market landscape. While conducting general market research is a starting point that allows business owners to get a pulse on the industry, it often leads to misunderstandings and raises more questions, particularly as owners try to get a feel for what similar companies are selling for.

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Time to Consider Goodwill Impairment?

By Insights, Valuation

Even in normal economic times, it is crucial for financial managers of businesses that have goodwill and other intangible assets on their books to understand the requirements of ASC 350 Intangibles- Goodwill and Other. The standard includes guidance on the subsequent measurement of intangible assets and goodwill. The current coronavirus (COVID-19) pandemic could affect the subsequent measurement of goodwill and the fair value of an entity.

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