Archive for May, 2012
by Tim Ayler, CPA, Partner, Director of the Construction Services Group and Brian Enright, CPA, Member of Construction Services Group
In general, contractors’ financial statements and job schedules look very different than they did a few years ago. Few contractors came away from the initial downturn in the economy unscathed, and are now feeling the effects of the ‘new’ normal. In most cases, all components of the balance sheet have declined as contract volume has declined and margins have been squeezed.
by Jim Wagoner, CPA | Partner, Director of the Tax Services Group and Anita Sherman, CPA | Managing Partner
For the past couple of months we have been writing about business and leadership succession matters. This week we want to focus on how to minimize income, gift and estate taxes as part of a sale or transition process. Individual goals are always different and so the key is to tailor some of these ideas to fit your personal objectives.
by Jeff Curiel, CPA | Manager, Team Member of the Not for Profit Services Group
Financial statements regularly slide over your desk and pass through board members’ hands, providing a wealth of financial data on your nonprofit’s most recent month, quarter or year. But do you and the board rely on this valuable information to make business decisions and plan for the organization’s future?
by Anita Sherman, CPA | Managing Partner
In my April 19, 2012 article, I discussed the personal financial planning needed to get yourself and your family ready for a business transition or sale. In my March 22, 2012 article, I discussed the importance of preparing key employees for transition. This week I want to focus on preparing the company’s financial statements for a transition or sale, in order to maximize the value and provide you peace of mind.