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Manage Organizational Change Carefully, Avoiding Pitfalls —Practice Management Solutions

Engage Employees with Teamwork and Consensus; Look Beyond Your Own Industry, and Execute Carefully In a recent issue of the Financial Planning Association’s Practice Management Solutions, Paul R. Brown identifies important factors successful business owners pay careful attention to when managing substantial change in their organizations successfully. Here’s what to pay attention to. ...

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A Tale of Two Betas

The Definition of Risk is Standard Deviation of Returns; Here’s What it Means, and What it Has to Do with “Total Beta” Is the Capital Asset Pricing Model (CAPM) superior as a valuation modeling tool to Total Beta? Peter J. Butler and Gary Schurman think not. Here’s why: ...

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An Analysis of Discount For Lack of Marketability Models and Studies

Calculating Discounts Accurately Depends a Lot on Company Specifics. Here’s What You Need to Know Dennis Bingham and KC Conrad provide a thorough look at options for calculating a discount for lack of marketability (DLOM), including restricted stock studies, pre-IPO studies, theoretical and option pricing models, discounted cash flow (DCF), Mandelbaum factors, and more. ...

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Mobile Cyber Security War: We are All on the Frontlines

Lots of Room for Innovation on Security. M&A Pros: Here’s What to Watch! What’s an important sector to keep an eye on in terms of M&A? Mobile Security. Mobile devices face at least four threats: Fraud (stealing $$), data theft, and probing and nuisance attacks. There’s room for innovation on everything from voice encryption, payment card processing, digital rights management, user authentication, ap ...

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Protecting Your Electronic Intellectual Property

First, Define a Computer Use Policy for Your Firm How can you best protect against IP theft—or simple misuse—by employees? Karl Epps explains that a solid first step is defining a computer use policy establishing approved policies and protocols for removable media, offsite storage, remote access, and laptops. Here’s an overview of common problem areas and software and policies that can help best address the ...

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Case Law—State: Ohio Rules on Experts, and Delaware on Share Value

Cases in Ohio, Delaware Assess Acquisition Share Value, Family Business In Iacampo v. Oliver Iacampo, the Ohio Court of Appeals rules on the appropriate use of experts in valuing a family business, the nature of passive income, and financial help from the wife’s parents. In Delaware,  Gaerreald v. Just Care, Inc. turns on proper methods for determining share value, the value of an expert opinion, and defere ...

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20 Questions: Getting to an Informed Assessment of Industry Risk

Here’s How a Systematic Review of Risk Can Help Valuators Assign Appropriate Discounts and Premiums Industry risk can vary widely from company to company and industry to industry. Here are 20 questions valuation analysts can use to identify risk related to market segment; competitive position; political, environmental, and legal factors; pricing trends; profit margins, and more. ...

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CBO: New Obamacare Taxes Raise $6.9 billion in 2016; Average Tax is $1,600 —CBO, Washington Examiner

CBO Details Penalties For Being Uninsured Under The Patient Protection And Affordable Care Act The non-partisan Congressional Budget Office recently reported an estimated six million people would be subject to the Obamacare tax, approximating $7 billion in taxes in 2016 with each of the 6 million people paying at least $695. ...

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Federal Case Law: Fifth Circuit and Tax Court Rule on Penalties, Charitable Deductions

Fifth Circuit Disallows 40% Valuation Misjudgment Penalty, OKs 20% Negligence Penalty The Court of Appeals for the Fifth Circuit disallows a 40% valuation misjudgment penalty in Bemont Invs., LLC v. United States, but affirms a Texas Court’s 20% negligence penalty.  Judge Goeke at the Tax Court draws distinctions on when charitable deductions are allowable in Dunlap v. Commissioner. ...

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Want to Be Sure You Don’t Regret a Business Sale? Think Through These Seven Points

Owners: Don't Exit Before You're Ready, Lock Yourself In, or Count on Future Consulting There is no single formula that will result in a happy retirement for business owners. Over 75 percent of business owners say they regretted selling their companies a year after the sale, according to a PwC study entitled “Whose Business is it Anyway?” But there are ways to improve the chances that consultants can help o ...

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How Obama’s Re-election Will Change Medical Practice Staff —Physicians Practice

Booming Demand for Nurses and Physician Assistants;  Huge Need for Primary-Care Physicians An estimated 30 million people will gain insurance as a result of the Affordable Care Act, asserts Aubrey Westgate at Physicians Practice.   At the same time, the Association of American Medical Colleges anticipates a shortfall of 45,000 primary-care physicians and 46,000 specialists in the coming decade.   More:   “W ...

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The 2012 Elections: What Do They Mean for Accountants?—NYT, WSJ, FT, Private Equity, Accounting Today, CPA Trendlines, Reason

Media Vary on Whether Election Increases or Decreases  Uncertainty;  Concur It's Good for Business A number of media outlets have begun to weigh in on the topic. At Accounting Today, the editors have put together a topical list of some of the relevant issues: ...

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The Relevance of Royalty Rates in the Valuation of Intangibles

The FASB Lists 29 Different Intangible Asset Categories. Here’s What You Need to Know. Intangible assets have comprised an increasing proportion of the value of assets of most companies in the last decade, Gregory Marsh explains. Often a collection of intangible assets is accounted for as a single asset labeled “goodwill.” Here’s why that sometimes doesn’t make sense. ...

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Estate Planning for Jedi Masters —CBS Marketwatch

Star Wars Creator Strikes Savvy Deal with Disney Quentin Fottrell at CBS MarketWatch reports that Disney will buy George Lucas' LucasFilm for $4.05 billion in cash and stock, the two companies announced Tuesday: Wade Westhoff, a financial adviser based in Danville, Calif., says of the Disney deal. “This is a textbook example of exit planning for a private business owner.” (Lucas and a spokesman for LucasFil ...

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AHA sues HHS over Medicare Payment Denials —Modern Healthcare

Federal Lawsuit from AHA and Four Other Providers Accuse HHS of Illegally Denying Medicare Payments Joe Carlson at Modern Healthcare reports the story: In a federal lawsuit, the American Hospital Association and four healthcare providers accuse HHS of illegally denying hospitals Medicare payments for audited outpatient procedures. The Chicago-based interest group for hospitals says in the complaint that HHS ...

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Hurricane Sandy Tax Planning—Forbes, WSJ, Accounting Today, Accounting Web

Disaster Area Declarations Have a Lot of Tax Implications.  Learn Specifics. Natural disasters, such as Hurricane Sandy, may provide certain tax opportunities and insurance recovery situations that business owners and individuals should be aware of.   Howard A. Lewis, MS, ABAR, AVA, and Former IRS Program Manager for Valuation Service offers insight: ...

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