ThomsonReuters

SEPTEMBER 2, 2021

QUESTION: Our company sponsors an ERISA health plan and has received a request from the DOL for plan-related documents. Is this an audit, and what should we expect if it is? ANSWER: The request for documents probably does signal the beginning of a DOL civil investigation (often referred to as an “audit”). You should address this inquiry without delay, as a prompt and cordial response can establish a positive rapport with the investigator.

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Compliance 98

Internal Audit 360

SEPTEMBER 2, 2021

GUEST BLOG POST. T he Institute of Internal Auditors regularly publishes useful Global Technology Audit Guides (GTAGs), available to members on their website under Standards and Guidance. They are considered recommended rather than mandatory guidance for internal auditors. As part of that effort, the IIA recently published a second edition of its guide, Auditing Identity and Access Management.

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Technology 52

Cooley M&A

SEPTEMBER 1, 2021

Neal Aizenstein has joined Cooley’s mergers and acquisitions practice group in the firm’s newly launched Chicago office. Most recently serving as chair of DLA Piper’s Chicago corporate group, Aizenstein is known for his strong leadership and decades advising companies and boards of directors on high-profile transactions with public and private companies.

Equity 52

Equity Technology 52

Quantive

SEPTEMBER 1, 2021

Most principals of architectural firms don’t think about their exit until it’s […]

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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

AUGUST 31, 2021

Dear friends, We are saddened and concerned as we watch Hurricane Ida batter areas of the southern U.S. with damaging winds and significant rainfall. Please know that your friends at Thomson Reuters have all who are in the path of the storm in our thoughts and prayers. While the full impact is still uncertain, we hope that you remain safe and can quickly recover from the effects of these disasters.

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The Mentor Group

SEPTEMBER 1, 2021

No matter the state of the market, business value drivers remain fairly constant. Buyers’ appetite for certain industries or industry segments reflects the current period. Yet, the attributes that auger for a higher selling price are always in play. What are the primary value drivers? In no specific ranking, they are the following: Management depth and competence beyond the owner(s).

EBITDA 40

EBITDA Marketability 40

M&A Leadership Council

AUGUST 30, 2021

Mark Herndon, Chairman of the M&A Leadership Council shares part two of this series covering key requirements in supporting the buyer post-close and optimizing the Seller’s remaining business for maximum value when divesting a business. Last week in our first installment titled “ Separation for Success – Divesting for Maximum Value ,” we covered how to master the divestiture process by upgrading your pre-sale planning approach and the importance of playing both “offense and defense” in whe

Start-ups 52

Start-ups Enterprise Value Mergers & Acquisitions Technology 52

ThomsonReuters

SEPTEMBER 2, 2021

What is a tax provision? Simply put, a tax provision is the estimated amount of income tax that a company is legally expected to pay to the IRS for the current year. A tax provision is just one type of provision that corporate finance departments set aside to cover a probable future expense. Other types of provisions a business typically accounts for include bad debts, depreciation, product warranties, pensions, and sales allowances.

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Start-ups Compliance Corporate Finance Finance 52

Musings on Markets

SEPTEMBER 1, 2021

For the last two decades, China has been the dominant story for both the global economy and capital markets, as the country's immense growth and infrastructure investments have sustained commodity prices, and altered the balance of world economic power. That growth has come (or should have come) with the recognition that in almost every venture in China, public or private, the Chinese government is not just a player, but often the key player determining the venture's success and failure.

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Market Capitalization Marketability Start-ups Technology 98

ThomsonReuters

SEPTEMBER 2, 2021

IRS Webpage: IRS Checklists for Retirement Plan Documents. Available at [link]. The IRS has updated nearly all of the “subject matter packages” used by IRS specialists when reviewing retirement plan documents. Each package consists of an Explanation, a Worksheet, and a Checksheet that are designed to be used together. The Explanations are considered IRS publications, and the Worksheets and Checksheets are IRS forms.

Compliance 52

Compliance 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

ThomsonReuters

SEPTEMBER 2, 2021

Rev. Proc. 2021-36, 2021-35 I.R.B. 357 (Aug. 30, 2021). Available at [link]. The IRS has announced 2022 indexing adjustments for some crucial percentages under the Affordable Care Act (ACA). The required contribution percentage used to determine whether employer-sponsored health coverage is “affordable” for purposes of employer shared responsibility under Code § 4980H is adjusted from the 9.5% baseline to 9.61% for plan years beginning in 2022.

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ThomsonReuters

SEPTEMBER 2, 2021

DOL Model Notice of Expiration of Period of Premium Assistance. Available at [link]. With the COBRA subsidy period set to end on September 30, 2021, the deadline is fast approaching for plan administrators to distribute notices alerting assistance eligible individuals (AEIs) of the subsidy’s expiration. Plans are required to send a notice 15 to 45 days before an AEI’s subsidy ends due to the expiration of the AEI’s maximum COBRA coverage period (generally 18 months) or the end of the subsidy pe

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ThomsonReuters

AUGUST 30, 2021

Even COVID-19 hasn’t derailed the march of globalization as multinational corporations continue to chase opportunities across borders — which requires their indirect tax teams to keep up with compliance obligations across multiple jurisdictions. The DHL Global Connectedness Index found that pandemic-induced closed borders and travel bans slowed globalization in 2020 — but then global trade rebounded, the international flow of capital recovered, and international data flows surged as online comme

Technology 52

Technology Compliance 52