December 2017

Urgent: Congress Agrees to New Tax Reform Bill

In light of recent legislation passed by the House and Senate, we are providing an update on the new tax…

IRS Ground Rules for Charity Gaming

Games of chance like bingo and raffles are often synonymous with tax-exempt organizations. However, the income from such “gaming” activities operated…

Impress Your ‘Suitors’ With Financial Information

Attracting funding organizations and large individual contributors to donate money to your not-for-profit organization is a little like finding a spouse…

Prevent Fraud by Envisioning How it Could Occur at Your Organization

Every year, millions of dollars are donated to not-for-profit organizations. In these cases, the money that’s supposed to go to an…

The Market Approach: A Touchstone in Valuation

The market approach, whereby appraisers use comparable “guideline companies” to help them estimate the value of a private business, has become…

Demystifying the Discount for Lack of Marketability

Many stocks — such as Walmart, Dell and Google — trade on the New York Stock Exchange (NYSE) or another public…

Price or Value: Which Is Correct?

When a business is sold, it often sells for more (or less) than the appraised value. This may come as a…

Myths and Truths about Business Valuation

The business valuation profession has grown rapidly since 1980. Over the decades, it has developed from a rudimentary process into…

Retiring Soon? Maximize the Value for Your Practice

The pool of potential buyers for medical practices is shrinking, so when planning for retirement, you need to be careful arranging…

Investigate Operations Before Signing an Employment Contract

Due diligence involves more than straight finances. You also have to examine the operations of any medical practice you might consider…