Ever wondered about the consequences of neglecting your tax filings? Contrary to Hollywood portrayals, it’s not necessarily a direct route to a prison cell, but the repercussions can be significant, depending on your tax situation. The IRS places immense...
If you operate your business in multiple locations (as with retail or restaurant chains), you face some extraordinary fraud-prevention challenges. After all, you can’t be everywhere at once. And the more locations you operate, the harder they are to monitor. Without...
When the parties know what to expect at each phase of a business valuation project, it makes the process easier for everyone. This awareness promotes collaboration and timeliness, as well as minimizes potential surprises, misunderstandings and rework. Here’s the...
In today’s uncertain markets, the value of a business may change significantly over time. So it’s important to choose the business valuation date carefully. Often, the date is prescribed by law or a judge. But sometimes attorneys or others, such as the executor in an...
When preparing a business valuation, quantitative data — from tax returns, financial statements, contracts and other sources — is important. But there’s more to a company than numbers. Qualitative factors also contribute to a company’s overall value. It isn’t always...
