It’s not something you do every day, so the idea of selling a privately held business or divesting a corporate division or subsidiary might be a bit mind-boggling. How does it work? What is the business worth? How do you know which buyers are legitimate and which offers to consider?
Since 1980, (MBJ) has recognized small businesses and owners through its annual Small Business Awards (SBAs) program.
Banks that are looking to acquire an existing bank or branch(es) need to be aware that such transactions must be valued in accordance with the federally mandated Accounting Standards Codification Topic 805, Business Combinations.
While no one can absolutely predict what changes the incoming Trump administration may propose to the federal tax code, Southard Financial wants to make you aware of potential changes that could significantly impact your estate planning.
As we explained in September, the IRS recently proposed sweeping new changes in Section 2704, which covers the treatment of valuation discounts. These discounts are a powerful estate-planning technique that high-net-worth families have traditionally used to protect assets that are transferred as gifts or bequests to heirs. The public comment period, which ended on November 2, was followed by public hearing before a panel of representatives from the Department of the Treasury and the IRS in Washington, D.C. on December 2.
Following are highlights from that hearing, as reported by Peter H. Agrapides, MBA, CVA, on behalf of the National Association of Certified Valuators and Analysts (NACVA).