On May 31, the IRS published Notice 2023-44, further defining which projects qualify for the enhanced Section 48C tax credits under the Inflation Reduction Act (IRA). Section 48C offers $10 billion in credits for investments in new, expanded or re-equipped manufacturing facilities producing...
Read MoreA few weeks ago, our team attended the DealMAX conference, as we do every year around this time. This conference is the largest annual meeting of M&A market participants in the U.S. Close to 3,000 attendees — investors, investment bankers, deal attorneys and accountants — make...
Read MoreCommercial building owners and tenants have been entitled to deductions under Section 179D since 2006. While the deduction has served as an incentive to make commercial buildings energy efficient, it may not have been impactful enough to sway decisions on improvements that move the needle. ...
Read MoreHistorically, energy projects have often produced more tax credits than sponsors have the ability to use. This has required sponsors to undergo a significant effort to syndicate the credits, which generally means finding investors with the right tax appetite that will invest in a project in...
Read MoreWe attended the SBIA Southern Private Equity Conference in late February, talking with private equity group buyers and other professionals focused on smaller, lower-middle market M&A deals — typically companies with $2 million to $10 million of EBITDA. What was the outlook for smaller...
Read MoreOn December 28, 2022, the IRS issued proposed regulation REG-100442-22, which may change real estate investment trusts’ (REITs) domestically controlled status. This change could cause non-U.S. investors in these structures to pay potentially significant U.S. tax on any gains realized upon...
Read MoreDuring boom times, M&A activity can be one of the most challenging strategies for organizations to successfully execute, often with high rates of failures. In a challenging environment, say, of rising inflation and interest rates, that challenge becomes even greater. And while pre-deal...
Read MoreSelling a business can be an exciting time, but there are numerous hurdles to overcome well in advance of the finish line to ensure a smooth transaction and to enhance the ultimate market price of the business. A successful sale does not occur overnight, and careful planning and preparation will...
Read MoreSelling your business isn’t just about the business. That takes center stage of course, but it’s also just as much about you, the owner, and how financially prepared you’ll be in the next phase of your life. That’s where modeling the sale of your business and the impact it...
Read MoreWhile there are many ways to sell your company, one lesser-known but worthy option is to sell to an Employee Stock Ownership Plan, or ESOP. An ESOP, which is a qualified defined contribution plan set up as a trust, allows a company’s employees to buy portions of the company by acquiring...
Read More