Articles From Brisbane Consulting Group
Posted by Louis Cercone, Jr. on September 22, 2020
The COVID-19 pandemic has had a devastating impact on the economy and created significant uncertainty. This article explains how the current environment presents unique challenges as couples in divorce proceedings strive to reach an equitable property division agreement.
Posted by William P. Allen on September 11, 2020
Business valuation is a prophecy of the future. That is, investors typically value a business based on its ability to generate future cash flow. However, with so many uncertainties in the current marketplace, forecasting expected cash flow can be challenging.
Posted by William P. Allen on September 08, 2020
In Memorial Hermann Health System v. Gomez, a Texas appellate court upheld a compensatory and punitive damages award to a cardiovascular surgeon. The doctor’s employer raised several issues on appeal, including an argument that evidence of lost profits was legally insufficient.
Posted by Louis Cercone, Jr. on September 02, 2020
On August 28, 2020, the IRS issued Notice 2020-65 that provides some needed guidance for employers wondering whether and how to comply with the employee payroll tax deferral described in the August 8, 2020 Presidential memorandum. Even though the Notice leaves many questions unanswered, it addresses some key items.
Posted by Douglas Sosnowski on August 25, 2020
For decades, business valuation experts and the IRS have been at odds regarding the practice of “tax affecting” the earnings of pass-through entities. Though the U.S. Tax Court has consistently rejected this practice, the court has recently softened its stance and other courts have been less rigid on the matter. A recent Connecticut appellate court decision highlights both sides of the debate — and the importance of considering the facts of the specific case.
Posted by William P. Allen on August 04, 2020
The Financial Accounting Standards Board has issued several major updated accounting standards in recent years, and the implementation process is underway.
Posted by Louis Cercone, Jr. on July 21, 2020
Under the income and market approaches, the value of a business is based on how much earnings it will generate in the future. Historical results are a helpful starting point, but they usually need to be adjusted when projecting future performance.
Posted by Douglas Sosnowski on July 07, 2020
When valuing a business interest, it’s critical to examine organizational documents.
Posted by Douglas Sosnowski on June 30, 2020
The Paycheck Protection Plan Flexibility Act (PPP Flex Act) (H.R. 7010), enacted on June 5, further enhanced the opportunity for loan forgiveness by expanding requirements on how the loans are spent and extending the time to use the funds to 24 weeks (but not beyond December 31, 2020).