Valuation services are one of the highest growth areas for CPA firms. Clients need to know the value of businesses, business interests and intangible assets for many reasons, including sales transactions, financing, taxation, financial reporting and litigation. When an appraiser follows professional standards, it reassures business owners about the quality and consistency of his or her methods and…

Similar to balance sheets, business valuations are prepared as of a specific date. Sometimes a valuation’s effective date is in the past, and events have occurred after the valuation date that would have impacted the company’s value if investors knew (or could have known) about them beforehand. Such retrospective valuations are common in litigation and…

Health Savings Accounts (HSAs) are a tax-smart way to cover an individual’s uninsured medical expenses. Your business can set up HSAs for qualifying employees. Then the business can fully or partially fund the accounts or let employees fund them with salary-reduction contributions. While it’s too late to add HSAs to your benefits package for 2019, next…