Share In December 31, 2014, 52 provisions of the Internal Revenue Code expired.Among the provisions that died on that day were powerful business incentives like the R&D credit, bonus depreciation, and enhanced Section 179 write-offs of asset acquisitions. Individual taxpayers were not immune to the lapse in law; we lost the itemized deduction for state…
Spreadsheets are often the go-to application of choice for handling and displaying financial and operational information for analysis. Relevant stakeholders will often throw together sheet after sheet for different types of reports, but putting all of that information together in a cohesive fashion becomes a major roadblock for upper management.
How to Avoid Fundraising Woes (Hopefully!) “The hurrier I go; the behinder I get” – quote by Lewis Carroll I talk to so many startups that struggle with fundraising that at times it is really heartbreaking. Well-intentioned and motivated entrepreneurs seem to get their dreams crushed by turn-downs and wasted meetings. While I have been…
Whenever I’m in a meeting, I find it incredibly frustrating when I’m ready to make a significant decision, only to find out that we can’t because someone crucial to the process isn’t present. Still, these unpleasant experiences have a silver lining. They’ve taught us about the incredible benefits of getting the right people involved in…
Share Withum Gives Happier Holidays WithumSmith+Brown holds its annual Withum Week of Caring during the three days before Thanksgiving, encouraging all of our staff to go out into their communities and volunteer their time. This year we reached 40+ charitable organizations. Take a peek at this video, sharing some of the fun we had while…
Buy / Sell Agreements – Don’t Let This Happen to You “Doug died” – two word obituary of Doug Legler of North Dakota My sister and I share Doug’s irreverent view of death. I am sure this may give some of you cause for concern but perhaps we both realize there is little you can…
Share Whether valuing a construction company or a business in another industry, there are specific principles which must be taken into account by every analyst in accordance with business valuation standards. In addition to these, the valuation of a construction company also entails the consideration of specific components which are unique to the construction industry….
Share The de minimis safe harbor election of the final tangible property regulations permits taxpayers without an audit to immediately deduct asset acquisitions (or repairs required to be capitalized), provided the necessary requirements are satisfied and a specified dollar threshold is not exceeded. This threshold limit for these taxpayers has been raised from $500 to…
Share Unrestricted cash donations are the easiest type of donations for public charities to accept. In these situations, a donor provides a public charity with an unrestricted contribution in the form of a check or currency, and the funds can be spent however the charity deems appropriate. However, is your organization set up to handle…
Selling Your Business – An Overview of the Process “I am grieving. It’s a process – Dr. Ben Sobel (Billy Crystal) dialogue from the movie Analyze That My previous blogs have addressed a few factors impacting your decision to sell your business. They have covered points such as assembling the deal team, dealing with due…