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Learn MoreLIBOR. The London Interbank Offered Rate. This is the reference rate underlying trillions of dollars of loans, derivatives and other financial instruments. However, after 2021, banks will no longer be required to report the information used to determine LIBOR. Reference rate reform has come about...
Read MoreAfter IRS Commissioner Charles Rettig’s comments on May 30, 2019, practitioners and investors waited anxiously for additional guidance clarifying the tax treatment of cryptocurrency. On October 9, 2019, the IRS released the much anticipated guidance in Revenue Ruling 2019-24 and an outline of...
Read MoreAcquiring another business or portfolio company can be an onerous process, especially if that company has never been audited before and has not historically maximized shareholder returns or provided detailed reporting to a board of directors. Adding complexity to the process, U.S. Generally Accepted...
Read MoreWith real estate values holding fairly steady over the past several years, investors are quick to jump on a perceived bargain. While getting rock bottom pricing isn’t a bad idea, investors need to be careful about doing their homework before closing. A bargain can quickly turn into a problem if you...
Read MoreThe Robotics Process Automation (RPA) market, though currently small at $850 million, is expected to grow at 31% compound annual growth rate over the next six years to $4 billion, according to Grand View Research. The explosive growth in the RPA industry is in large part due to the massive...
Read MoreThe SEC announced today it has adopted the long awaited Rule 6c-11, which will eliminate the need for certain exchange traded funds (ETFs) to obtain the lengthy and expensive exemptive relief that, until now, has been necessary to operate under U.S. securities laws. This game changing move...
Read MoreThe use of profits interest, a relatively new form of equity compensation issued by limited liability companies (LLCs), has spiked. Now, private companies and their advisors are asking the Financial Accounting Standards Board (FASB) to simplify the complex rules that have evolved to account for...
Read MoreIn this installment of our “M&A Essentials” series — offering a fundamental understanding of the concepts, issues and processes every business owner should be familiar with when considering and conducting the sale of a business — we focus on the main people you’ll encounter and need throughout the...
Read MoreGenerally Accepted Government Auditing Standards, commonly referred to as the “Yellow Book,” were revised and issued in July 2018 by the U.S. Government Accountability Office. The 2018 Yellow Book is effective for financial audits, attestation engagements, and reviews of financial statements for...
Read MoreOn August 19, 2019, the American Institute of Certified Public Accountants (AICPA) issued valuation guidance for investment companies on how to value their portfolio company investments. The guide, titled “Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and...
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