ThomsonReuters

MAY 3, 2021

Accountants can bring endless value and experience to young entrepreneurs or those branching off to start their own business. Why should an accounting firm seek out these opportunities out, and how can they best work aside these individuals for mutual success? In this episode of Pulse of Practice “The Philip Brabbs Interview”, Paul Miller, Owner of Business by Design , and I are joined by Philip Brabbs, Managing Director, Center for Value Chain Innovation for Ross School of Business at Universit

Accounting Firms 98

Accounting Firms Start-ups Finance 98

Cooley M&A

MAY 4, 2021

Partner and M&A co-chair Jamie Leigh spoke at Penn Law’s ILE Spring Corporate Roundtable on May 7, 2021. Joined by six esteemed panelists, they discussed Tech and M&A: New Developments, New Challenges. This event was by invitation only. For more information, please email Sean Hayes. Jamie Leigh.

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Appraisal Rights

MAY 7, 2021

The M&A panel at yesterday’s Cannalaw conference addressed what valuation techniques are being used to determine the purchase price of a marijuana company. While in recent years the traditional valuation metrics would normally be utilized – whether multiples of sales, revenues or EBITDA, for instance – the current market is experiencing a supply/demand imbalance, as the scarcity of licensing allows sellers to be more aggressive in testing what the market can bear.

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EBITDA Marketability Business Valuation 40

The Mentor Group

MAY 1, 2021

Careful consideration should be given to potentially significant tax liability with respect to stock issued to founders, employees and contractors (in lieu of other compensation). Often, startups and emerging businesses issue restricted common shares that provide for time-based vesting. The obvious reason is to retain and reward early employees to drive the growth in revenues (and profits).

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Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

Marketability

ThomsonReuters

MAY 6, 2021

QUESTION: We’ve heard that the surprise medical billing requirements will impact how our company’s group health plan covers emergency services. But do the surprise medical billing requirements apply to any non-emergency services? ANSWER: A number of new patient protection mandates and disclosure requirements were included in legislation passed in December 2020, including surprise medical billing requirements for out-of-network emergency and non-emergency services.

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Cooley M&A

MAY 5, 2021

Caitlin Gibson has been named to Law360’s 2021 M&A Editorial Advisory Board, which provides feedback on Law360’s coverage and expert insight on how best to shape future coverage. Read the Law360 article here (Subscription required). Contributors. Caitlin Gibson.

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ThomsonReuters

MAY 6, 2021

It’s been well reported in cryptocurrency circles that Damon Rowe, Executive Director at the IRS Office of Fraud Enforcement, unveiled “Operation Hidden Treasure” at a recent Federal Bar Association virtual tax conference. The long-time veteran of the IRS Criminal Investigation division explained that the office has put together a dedicated team of IRS criminal investigation professionals to work on this operation.

Compliance 59

Compliance Accounting Firms Finance Technology 59

ThomsonReuters

MAY 6, 2021

Harmon v. Shell, 2021 WL 1232694 (S.D. Tex. 2021). A federal trial court has dismissed breach of fiduciary duty and related claims against a 401(k) plan recordkeeper that allegedly shared participant data with its affiliates for marketing purposes. The class action lawsuit asserted that the recordkeeper shared a wide range of information—including contact information, Social Security numbers, account balances, contribution and investment history, age, and marital status—with its affiliates so th

Marketability 52

Marketability 52

ThomsonReuters

MAY 6, 2021

Coronavirus-Related Relief for Retirement Plans and IRAs Questions and Answers (Apr. 27, 2021). Available at [link]. The IRS has updated its Q&As regarding coronavirus-related relief for retirement plans by adding a new section about the partial termination relief provided by the Consolidated Appropriations Act, 2021 (CAA, 2021). Under that relief, a plan is not treated as having a partial termination—and thus is not required to fully vest accrued benefits—during any plan year which include

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ThomsonReuters

MAY 6, 2021

PPACA; HHS Notice of Benefit and Payment Parameters for 2022 and Pharmacy Benefit Manager Standards; Final Rule, 45 CFR Parts 147, 150, 153, 155, 156, 158, and 184, 86 Fed. Reg. 24140 (May 5, 2021); Notice of Benefit and Payment Parameters for 2022 Final Rule Part Two Fact Sheet. Final Rule. Fact Sheet. HHS has released a second set of regulations with 2022 benefit and payment parameters and insurance market and Exchange-related final rules.

Marketability 52

Marketability 52

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

Corporate Finance

Appraisal Rights

MAY 5, 2021

RKS is covering the the Cannalaw Summit, a conference covering a range of topics including cannabis valuation. Beyond the newest US states to legalize recreational cannabis use, Mexico is proceeding with legalization steps in what observers said could become “the world’s largest cannabis market.” The summit kicked off yesterday covering an industry “with projections of $35 billion by 2024 for the US market, and upwards of $100 billion worldwide.”.

Marketability 40

Marketability 40

ThomsonReuters

MAY 6, 2021

Discounted cash flow approaches are a helpful tool used in US GAAP accounting for valuation and impairment assessments. A discounted cash flow approach involves projecting a stream of cash flows for an item and then applying a discount rate to those cash flows to calculate a single value or a range of values for that item. A discounted cash flow approach is a type of “income approach” or “present value technique,” two terms used frequently in the FASB Accounting Standards Codification®.

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Discounted Cash Flow Risk-free Rate Risk Premium Intangible Assets 52

ThomsonReuters

MAY 7, 2021

As technology transforms tax accounting, business schools are working hard to ensure the next generation of accountants are well-grounded in the digital tools and software that will be central to their professional lives. The growing importance of tax technology is apparent in Deloitte’s recent global tax management survey in which more than half of the respondents said they had increased their focus on digital and tax technology in the past two years.

Technology 98

Technology Accounting Firms Compliance 98

ThomsonReuters

MAY 3, 2021

On April 28, 2021, President Biden unveiled a Fact Sheet on the American Families Plan. The $1.8 trillion plan seeks to provide relief to American families. Part of the plan includes a proposal for paid family and medical leave. . Currently, under the Family and Medical Leave Act (FMLA), qualifying employees are permitted to take up to 12 weeks of unpaid leave for the birth or adoption of a child, for a serious health condition or to care for a family member with a serious health condition.

Dividends 52

Dividends 52

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

Marketability

ThomsonReuters

MAY 7, 2021

How to mitigate risks with tax software. Corporate tax teams are facing an array of risks, new and old, that complicate their ability to deliver an accurate and defendable tax provision within an ever-shrinking financial close window. These risks include new hybrid work models; challenges accessing tax data and streamlining workflows; and regulatory developments, with the potential for a global minimum tax, among other concerns.

Compliance 81

Compliance Technology 81