Rx for Valuing a Distressed Business By: James Horkey Over the last two years, market conditions — from cost increases and forced shutdowns to shortages of labor and supplies — have taken their toll on many businesses. While owners […]
Don’t Discount the Key Person Discount By: James Horkey In the fourth quarter of 2021, CEO resignations were up 16% over the prior year, according to executive outplacement firm Challenger, Gray & Christmas. Recent and announced high profile departures […]
When Subsequent Events Count By: James Horkey The value of a business interest is valid as of a specific date. The effective date is a critical cutoff point because events that occur after that date generally are […]
What Factors into the Cost of Capital? By: James Horkey Valuation experts often use discounted cash flow (DCF) techniques to determine the value of a business or estimate economic losses. A critical input in a DCF model is the cost […]
Marketability Discounts on Controlling Interests By: James Horkey In a business valuation context, the term “marketability” refers to the ability to quickly convert property to cash at minimal cost. While publicly traded stocks are readily marketable, interests in […]
To Tax Affect or Not to Tax Affect? A Key Question when Valuing a Pass-Through Business By: James Horkey Most U.S. businesses operate as so-called “pass-through” entities, including partnerships, limited liability companies (LLCs) and S corporations. For decades, the IRS and valuation professionals have been at odds over how […]
Six Steps to Prepare Your Business for a Sale By: James Horkey The COVID-19 pandemic has put unprecedented stress on private business owners, and some are now considering selling their businesses. Before putting your business on the market, it’s important to prepare […]
Claim the Employee Retention Tax Credit By: Anthony LaNasa The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in March of 2021. Here’s a […]
What’s in the American Rescue Plan Act (ARPA)? By: Anthony LaNasa The American Rescue Plan Act, 2021 (ARPA) was signed by President Biden on March 11, 2021 to help businesses, nonprofits and individuals affected by COVID-19. The legislation extends and expands […]
New PPP Rules, Applications, and Loan Forgiveness Revealed By: Anthony LaNasa New PPP Loan Forgiveness Application The US Small Business Administration (SBA) and Treasury updated their loan forgiveness forms on January 19, 2021. Among these is the PPP Loan Forgiveness Application […]
PPP2 Details and Application Process By: Anthony LaNasa The new $900 billion stimulus bill, the Consolidated Appropriations Act, provides a variety of financial stimulus measures, including $284 billion for a second round of Paycheck Protection Program […]
Congress Passes $900 Billion COVID Relief Bill By: Anthony LaNasa The U.S. Senate and House of Representatives passed a $900 billion COVID-19 relief bill 12/21, that provides $600 stimulus payments to individuals, adds $300 to extended weekly unemployment benefits, and provides […]