Consider a Phased Retirement Program for Your Employees

November 20, 2017 | Business Plans, Financial Planning

Many employers in Maine believe their employees expect to work past age 65. A recent survey by the Transamerica Center for Retirement Studies states that one reason for staying on the job longer is that so many older workers experience a shortfall of retirement savings. Another is that many employees don’t want to go cold turkey on  Continue Reading »

Court Disapproves of Use of Damages Model to Establish Liability

November 17, 2017 | Court Rulings, Valuations

Select Comfort Corp. v. Tempur Sealy Int’l, Inc.  An economic damages case featuring two major mattress manufacturers and claims of false advertising provides an insightful discussion of two theories of damages: disgorgement and lost profits. The court rejected one of the plaintiff expert’s two disgorgement models as not sufficiently tailored to the alleged wrongdoing and  Continue Reading »

Myths and Truths about Business Valuation

November 13, 2017 | Business Plans, Valuations

The business valuation profession has undergone a large transformation since the 1980s, developing from a rudimentary process into a highly sophisticated mix of art and science. Even so, many small business owners and investors fail to understand the valuation process and its results. Here are some common business valuation myths and the underlying truths. Myth:When  Continue Reading »

Give Back and Save Taxes with Charitable Contributions

November 10, 2017 | Business Plans, IRS Regulation, Tax Planning, Tax Preparation

You may be thinking about making some charitable donations as the year comes to an end. Here’s a rundown of the potential tax breaks for your generosity. Itemized Deductions While you can claim write-offs for contributions of cash and other items donated to charitable organizations, such as United Way and Goodwill, what you might not  Continue Reading »

Understanding Business Valuation Reports

November 8, 2017 | Valuations

Whether you are a practicing attorney, an investor, or a small business owner there may come a time when you need to read and understand a report written to support a conclusion of value for a business.  A well written valuation report is difficult to understand by those who are not well-versed in the terminology  Continue Reading »

Recent Incidents Fuel Concerns over Breach Response

November 6, 2017 | Accounting Standards, Business Plans, Financial Planning, Fraud Prevention

Could your data be hacked? Unfortunately, every organization is vulnerable to cyberattacks today. There are plenty of examples. In September, Equifax reported a data breach that exposed the credit histories and other information of 145.5 million Americans. Shortly thereafter, the Securities and Exchange Commission (SEC) reported a hacking incident that occurred in 2016. Individuals and lawmakers  Continue Reading »

Alerding Comments on Washington State Double-Dip Analysis

November 3, 2017 | Court Rulings, Valuations

In re Marriage of Cheng, 2016 Wash. App LEXIS 2854 (Nov. 22, 2016) A double-dip decision out of Washington State prompted a reader’s request for comment from veteran valuator Jim Alerding (Alerding Consulting), who frequently deals with divorce-related valuation issues. In In re Marriage of Cheng, the trial court determined that the nonbusiness owner spouse  Continue Reading »

How to Save Tax with an Installment Sale

October 30, 2017 | Business Plans, Financial Planning, IRS Regulation, Tax Planning, Tax Preparation

Considering selling real estate in Maine before the end of the year? Most likely you hope to entice a qualified buyer who has plenty of cash on hand. But being open to the idea of an installment sale may help you seal the deal, and fortunately, installment sales also offer tax savings for sellers. Here’s how  Continue Reading »

Work Opportunity Tax Credit: What Business Owners Need to Know

October 27, 2017 | Business Plans, IRS Regulation, Tax Planning, Tax Preparation

A federal income tax credit called the Work Opportunity tax credit (WOTC) is available to businesses that hire members of certain “targeted” groups. Here’s how your business may be able to benefit from this potentially lucrative tax break. The Basics Businesses are encouraged by the WOTC to hire from certain categories of workers who face significant  Continue Reading »

Does Your Expert Know What Is Being Valued?

October 25, 2017 | Valuations

Without the right information, answers can hard to figure out. In one case, the expert could not figure out why the company he was valuing kept on manufacturing and selling creosoted railroad ties, even though that division of the business had not been profitable for a long time. Also, the company was putting another $700,000  Continue Reading »