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At least 12% of Americans have thought about living abroad in retirement, according to a study by the Aegon Center for Longevity and Retirement. If that is part of your retirement plan, or you are already living outside the United States, it is important to know that...

Rising inflation and interest rates can impact business valuations through their effects on discounted cash flow and the cost of capital. Understanding their impact will be crucial to accurate business valuations in the current environment. Inflation and Earnings When...

The value of a business owner’s personal goodwill is relevant in divorce or the sale of the company. One way to estimate the value of an owner’s personal goodwill is to value the company with and without the owner’s involvement, similar to the way a non-compete...

You know the drill: It is midnight and your grant proposal is due tomorrow. Your assistant left hours ago and the words on your screen have started to blur. “It is not worth it,” you think. And besides, only a few grants pan out anyway, right? Not necessarily. Grants...

The Tax Cuts and Jobs Act (TCJA) limits itemized deductions for state and local tax (SALT) payments for 2018 through 2025. This unfavorable tax law change is especially unpopular in states with high income or property taxes (or both). The limitation remains in effect,...

Small and medium-sized companies are particularly prone to employee theft because they typically do not have the staff available to assign more than one employee to processes to help ensure that fraud does not take place. Assigning more than one employee to certain...

A charitable remainder trust (CRT) is an irrevocable trust set up to benefit a charitable organization. The trust’s term is one lifetime, several lifetimes, or a period not to exceed 20 years. Basically, you irrevocably gift an asset to the CRT, usually an asset with...

One of the not-so-secret ways to run a profitable construction business is to follow sound accounting practices. Mistakes in financial reporting can be costly, potentially leading to budget overruns, cash shortfalls, delayed projects, unpaid bills, and underfunded...

Entrepreneurs often pour their hearts and souls into their businesses, so when it comes time to sell or negotiate their first public offerings, they want to make sure they receive the full value of their efforts. However, startup valuations often come with...

The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was signed into law in December 2022. The new law includes sweeping changes to 401(k) and other qualified retirement plans. Some provisions, such as a new age threshold of 73 years (from 72...