Business Broker in Florida - Sell a Company in Florida

September 1, 2009

IRS Rules Key Man Life Insurance Proceeds Are Excludable From Income for S Corps

In a Revenue Ruling, the IRS has found that an S Corporation’s accumulated adjustments account (AAA) is not increased by insurance proceeds received by the corporation for the death of an employee if such proceeds are not taxable. Conversely, the…

September 1, 2009

Mergers & Acquisition FAQ – September 2009

Q: If I own a business, what should I have to preserve my business for future generations? A: In order to keep a business running after the death of an owner, a complete business succession plan must be in place. …

August 1, 2009

ESOP Can Be A Win-Win-Win for You & Your Company and Your Employees

Employee Stock Ownership Plans (ESOP) have been around for 35 years, and many well known, national companies have them, but many misconceptions still exist, such as: (1) Employees will directly own the company’s stock [FALSE], or (2) Employees will directly…

August 1, 2009

The Buy-Sell Agreement: More than Just a Good Idea, a Necessity in Multi-Owner Businesses

Introduction A buy-sell agreement is the most important legal document a closely-held or family business can hold. Without a buy-sell agreement, businesses face peril upon a triggering event such as an owner’s death, incapacitation, divorce, filing bankruptcy, desire to sell,…

August 1, 2009

Tax Court Rules Commercial Tax Preparers Not Held To the Same Standard of Care in Protecting Individual Tax Returns

A United States District Court found a commercial tax return preparer not liable for a violation of improper disclosure. In the case, a taxpayer alleged that her commercial tax return preparer threw her 2005 federal and state tax returns in…

August 1, 2009

Mergers & Acquisition FAQ – August 2009

Q: In the past, you have talked about buy-sell agreements. Is there a “best way” to value a business for purposes of a buy-sell agreement? A: Unfortunately, for business owners, there is no one size fits all method of business…

July 1, 2009

Would Your Company Be a Good Candidate For an ESOP?

July 1, 2009

Technology: The Internet and Sales Tax

Introduction In the past, assessment and submission of state sales taxes was easy. Merchants would add on the required state sales tax to the purchase, that amount would be collected, and the merchant would submit the required amount to the…

July 1, 2009

Tax Court Rules That Minority Interest Discount and Lack of Marketability Discount Apply to Family Limited Partnership Interest

The Tax Court ruled that a minority interest discount and lack of marketability discount applied to the valuation of a family limited partnership (FLP) interest. In the case, the decedent, daughter, and son-in law formed an FLP and a limited…

July 1, 2009

Mergers & Acquisition FAQ – July 2009

Q: I am finishing my personal tax returns. Can I split my tax refund and send it to different institutions? A: Absolutely. In what is known as a “split refund” a taxpayer can direct the IRS to pay up to…

IRS Rules Key Man Life Insurance Proceeds Are Excludable From Income for S Corps

Mergers & Acquisition FAQ – September 2009

ESOP Can Be A Win-Win-Win for You & Your Company and Your Employees

The Buy-Sell Agreement: More than Just a Good Idea, a Necessity in Multi-Owner Businesses

Tax Court Rules Commercial Tax Preparers Not Held To the Same Standard of Care in Protecting Individual Tax Returns

Mergers & Acquisition FAQ – August 2009

Would Your Company Be a Good Candidate For an ESOP?

Technology: The Internet and Sales Tax

Tax Court Rules That Minority Interest Discount and Lack of Marketability Discount Apply to Family Limited Partnership Interest

Mergers & Acquisition FAQ – July 2009

Why Only 10% of Family Businesses Transfer to the Next Generation

My Favorite Prayer

US Congress Passes M&A Broker Registration Exemption