By Rich Grassano of Boca Accounting You may wish to consider another little used technique to reduce your Required Minimum Distributions (RMDs) which start from your IRA or pension plan at age 70 ½. Many of our clients are looking at reaching 90-100 years old and are concerned about running out […]
By: Milton Gene Friedman CPA, MS-Taxation, CFE, CFF, CIRA is the President of Friedman Associates Due Diligence generally consists of representing prospective buyers of privately owned businesses and Professional practices. Clearly, most sellers have every incentive possible to exaggerate the successes of the business that they are trying to sell. Thus, […]
Note: If you go to the original article you will find other insites which you should consider along with this article. The subject is tricky as this article shows. – Steve Whitehill The U.S. Equal Employment Opportunity Commission (EEOC) has strict laws in place to protect job candidates and employees […]
Based on an article in the Business Brokerage Press: General Business Brokerage, Pricing & Valuation by Kathleen Mauro edited by Steve Whitehill Business brokers are generally very diligent in working with sellers and their CPAs or financial advisors to ensure they understand what the Seller will likely net from a potential […]
From: BizBuySell A total of 2,454 small businesses were reported sold in the third quarter of 2019, an 8.6% decline compared to the same period last year according to the BizBuySell Insight Report, a nationally recognized economic indicator that aggregates statistics from business-for-sale transactions reported by participating business brokers nationwide. This […]
For buyers seeking acquisition financing, an SBA 7(a) loan can be a fantastic tool. Relative to conventional loans that typically require down payments of 30% or more, buyers utilizing SBA loans can make a down payment of 10-25% (more on this later), and obtain a low fixed rate (a small amount […]
By Alina Niculita – Morones Analytics Jul 12, 2019 While most people understand real estate appraisal, the same cannot be said about business appraisal or business valuation. Real estate appraisal makes sense because it puts a price on houses and commercial properties, which are tangible assets and can be easily accepted as […]
By Clare Lithgow The data for the I-526 Petitions by Entrepreneurs as well as the I-829 Petition by Entrepreneur to Remove Conditions on Permanent Resident Status reveal slower processing times in FY 2019. Here’s the data, a few possible reasons for the slowdown, and what, as an investor, you can do […]
Finding the money to start your own small business can be a challenge. Over the decades, countless people have turned to the Small Business Administration (SBA) for help. A recent Inc. Magazine article, “Kickstart Your Business Dreams with SBA Lending,” by BizBuySell President, Bob House, explored how SBA lending can be […]
Here’s a quick review of the most popular ways businesses get financed: Savings The first and most obvious option is to look at your (non-retirement) savings. If you have mutual funds and other liquid investments, you can liquidate (taxes will be incurred) and apply towards your franchise. Many people feel more secure investing in […]