James Pickett Shares Tips for Preparing for an IRS Tax Audit in CPA Practice Advisor

James Pickett shares tips for preparing for an IRS Tax Audit in a recent article published by CPA Practice Advisor. The article outlines the process for advising clients who have received an IRS audit notice as 1 in 160 individual taxpayers are audited and approximately 1 in 12 for returns reporting more than $5 million in gross income.

Here’s the Deal: M&A Insights

These days, the term quality of earnings (QoE) is thrown around so much that it has become common nomenclature in reference to the wide scope of work transaction accountants are focused on during a deal process. While the QoE analysis is a focal point of the broader scope of services provided by transaction advisors, it is by no means all-encompassing.

3 Reasons Recurring Revenue is a Good Idea

What is recurring revenue? It’s the revenue you can depend on generating, year after year, with a high degree of certainty. It’s the repeat business or long-term contracts you’ve established with clients who know and trust your business.

Bennett Thrasher Adds Business Transformation Services Practice

Bennett Thrasher LLP, one of the top 100 full-service public accounting and consulting firms in the country, announced today the creation of a new Business Transformation Services Practice. The new service offering will provide outsourced financial operations to business owners, implementing best practice techniques at the intersection of software and accounting. John Yeager will lead the new Bennett Thrasher practice.

Owners Should Consider Private Equity as an Exit Option

Favorable economic conditions alongside baby boomers looking to exit their businesses over the next ten years have resulted in an active M&A market.  While there are many exit options, business owners should consider a recapitalization using a private equity firm.

BT Associates Attend AICPA Diversity Pipeline Symposium

Bennett Thrasher’s Kristin Ethridge, Jimmy Lee, and Eboni Moss recently attended the AICPA Diversity Pipeline Symposium in Atlanta. This unique symposium gathered firms, educators, and students from across the country to collaborate and discuss diversity in the accounting profession.

New Sales Tax Nexus Standard: South Dakota V. Wayfair, Inc.

In the landmark decision of South Dakota v. Wayfair, Inc., the US Supreme Court overturned the Quill physical presence standard, deeming it “unsound and incorrect.” In turn, the Court upheld South Dakota’s economic nexus law, which requires companies to collect sales tax when their sales or the number of transactions with the state exceed certain thresholds.

Bennett Thrasher Adds Value Acceleration and Exit Planning Practice

Bennett Thrasher LLP, one of the top 100, full-service public accounting and consulting firms in the country, announced today the formation of a new practice group: Value Acceleration and Exit Planning Services, providing comprehensive exit planning consulting that includes valuation, corporate tax, personal tax, wealth advisory, transaction advisory, audit and assurance consulting, and operational support for business owners planning to transition out of their businesses.

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