By Brian Jacobson, CPAGray, Gray & Gray, LLP “Trust, but verify.” President Ronald Reagan’s sage advice about arms negotiations is also appropriate when lending money or investing capital. If you are a lender or venture capital firm, it is incumbent on you to discover the facts about the ability of a borrower to pay back […]
“Trust, But Verify” When Lending Money Read More »
The Value of an Efficient BusinessWhen selling a business, people often woo buyers with hard numbers such as cash flow, customer count, inventory, and tangible assets. Or they tout the benefits of an experienced management team, distinctive products, or a strong brand. One important factor that is frequently overlooked is efficiency.Maximizing efficiency in business operations
The Value of an Efficient Business Read More »
Is Now the Right Time for an Acquisition?Merger and acquisition (M&A) activity tends to wax and wane along with the ups and downs of the national and global economy. Savvy business leaders know that an acquisition can be a great way to grow a company. If a deal comes your way, how can you judge
Is Now the Right Time for an Acquisition? Read More »
Many people panic at the thought of interacting with the Internal Revenue Service (IRS). The thought of an audit or review of tax returns can be worrisome. But there is no need to go to pieces. If you have an encounter with the IRS – such as an audit or letter of inquiry – the
Your Rights as a Taxpayer Read More »
On August 16, after a nearly ten year journey through the courts, the U.S. District Court for the Central District of California reversed an earlier decision on a landmark case and ruled that plan fiduciaries continue to have responsibility for employee benefit plans (such as 401(k) plans) even after initial investment decisions have been made.
Landmark Case on Fiduciary Role in 401(k) Plans Read More »
By Michael D. Koppel, CPA, PFS, CITP, MBARetired Partner at Gray, Gray & Gray, LLP People who own multiple businesses are often advised to keep them as separate entities for legal and financial reasons. The same advice applies to companies that set up separate entities for real estate ownership purposes. Separation is an important way
Substantive Consolidation in Bankruptcy Read More »
By Michael D. Koppel, CPA, PFS, CITP, MBARetired Partner at Gray, Gray & Gray As we grow older, many fear being in a nursing home or, even worse, in a locked Alzheimer’s unit. While these situations can be extremely difficult for both the individual and his/her family, there is another major consideration weighing on most
Mitigating the Stress and Risk of Medicaid Costs Read More »
By Michael D. Koppel, CPA, PFS, CITP, MBARetired Partner at Gray, Gray & Gray School’s out! What are your children (or grandchildren) doing during their summer vacation? Going to camp? Hanging around with friends? How about beginning to plan for retirement? Retirement for the younger set may be 50 years or more away. But they
How Soon Can Your Child or Grandchild Start Saving for Retirement? Read More »
If you have taken the step of creating an estate plan to help ensure your financial wishes are carried out, congratulations. You are well ahead of most people in this country. Forbes magazine reports that 51 percent of Americans age 55 to 64 don’t even have wills, much less estate plans. But no estate plan
What is Missing from Your Estate Plan? Read More »
Research & Development Credits are not just for scientists and software developers By Bradford G. Carlson; Paul J. Gerry, Jr., CPA, PFS; Martin E. Prendergast; Karen G. Timmermans, CPAGray, Gray & Gray, LLP If you think the Research & Development Tax Credits offered by the federal government are just for high technology, life sciences or computer
Does Your Architectural or Engineering Firm Qualify for R&D Tax Credits? Read More »