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Firm News

  • Do you know the tax implications of your C corp.’s buy-sell agreement? April 26, 2017 Private companies with more than one owner should have a buy-sell agreement to spell out how ownership shares will change hands should an owner depart. For businesses structured as C ...
  • Measuring “fair value” for financial reporting purposes April 21, 2017 The balance sheet usually reflects the historic cost of assets and liabilities. But certain items must be reported at “fair value” under U.S. Generally Accepted Accounting Principles (GAAP). Here’s a ...
  • Bartering may be cash-free, but it’s not tax-free April 20, 2017 Bartering might seem like something that happened only in ancient times, but the practice is still common today. And the general definition remains the same: the exchange of goods and ...
  • How can you take customer service to the next level? April 19, 2017 Just about every business intends to provide world-class customer service. And though many claim their customer service is exceptional, very few can back up that assertion. After all, once a ...
  • Benchmarking receivables April 14, 2017 Accounts receivable represents a major asset for many companies. But how do your company’s receivables compare to others? Here’s the skinny on receivables ratios, including how they’re computed and sources ...
  • Look at your employees with cybersecurity in mind April 12, 2017 Today’s businesses operate in an era of hyper-connectedness and, unfortunately, a burgeoning global cybercrime industry. You can’t afford to hope you’ll luck out and avoid a cyberattack. It’s essential to ...
  • Create a strong system of checks and balances April 7, 2017 The Securities and Exchange Commission (SEC) requires public companies to evaluate and report on internal controls over financial reporting using a recognized control framework. Private companies generally aren’t required to ...
  • Matchmaker, matchmaker: Choosing the right lender April 5, 2017 It’s easy to think of lenders as doing your company a favor. But business financing relationships are just that: relationships. Yes, a lender has the working capital you need to ...
  • Adam Dimmick Appointed to CFMA Board April 3, 2017 Adam Dimmick, shareholder at Briggs & Veselka Co. CPAs and head of the firm’s construction practice, assumed a position on the board of the Houston chapter of the Construction Financial ...
  • 3 financial statements you should know March 31, 2017 Successful business people have a solid understanding of the three financial statements prepared under U.S. Generally Accepted Accounting Principles (GAAP). A complete set of financial statements helps stakeholders — including ...