Legal precedent related to business appraisals and the use of expert witnesses in divorce tends to vary from state to state. But it’s important to monitor case law across the country for emerging trends, especially if you encounter a case that involves a financial issue that hasn’t been addressed by courts in your jurisdiction. Here,…
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Evaluating a Business Valuation Report
Anyone with a little business and financial knowledge can do a quick-and-dirty calculation using a industry rule of thumb, such as multiple of annual sales or earnings. But experienced valuation professionals apply tested valuation approaches that are based on real world market data — and they also possess strong verbal and written communication skills that…
Good Reasons to File Extensions for 2017 Returns
The countdown to Tax Day has begun! The deadline for filing your 2017 individual income tax return this year is Tuesday, April 17, 2018. Drawbacks to a Filing Extension Before you file for an extension, be aware of three potential pitfalls: 1. Underpayment penalties. You still must pay your estimated tax liability for 2017 by…