How the New Credit Loss Standard Affects M&A

Private equity and venture capital firms that have or are looking to invest in financial services portfolio companies should be aware of the coming changes in the way financial service entities calculate credit loss reserves.

How Private Equity and Venture Capital Firms Can Improve Their Internal Tax Processes

If it’s been a while since your firm last evaluated its tax function, you may want to consider a quick self-assessment.

Make Your Audit Committee Meaningful Again

Economics 101 teaches us that time can be quantified in dollars and cents, and that if you want to measure the value of your time—i.e., your opportunity cost—start by looking at your hourly wage.

Congress is Asking for President Trump’s Tax Return; Who Can Access Yours?

The news is full of stories about the President’s tax returns and whether Congress can obtain them.

Webinar: Top 10 Common Errors in Valuation

Business valuations provide vital information to business owners and management teams. They can be key inputs to your exit timeline, and inform transaction prices and the value of shareholders’ equity. With so much riding on the business valuation, it’s imperative that management teams have conclusions that they can rely on.

Overruled: Rejection of Proposed Changes Indicates New Credit Loss Standard Will Be Implemented on Schedule

The Financial Accounting Standard Board (FASB) dealt a blow to the financial services industry during a recent board meeting. On April 3, the FASB rejected a proposal from a group of regional banks related to changes to the credit loss impairment standard.

‘DA’ is ‘DA’ ... Duh!: A Closer Look at Section 163j and EBITDA

As Gertrude Stein famously noted nearly a century ago, “A rose is a rose is a rose.” While this aphorism may be accepted in the mundane, it is unfortunately less established when the tax laws address EBITDA.

Construction Vital Statistics - March 2019

View key metrics regarding the construction industry for the month of March.

Webinar: Eye on Washington Quarterly Update Q2 2019

Our Eye on Washington webinars assist CEOs, CFOs, financial executives and advisors, and other interested parties in navigating the complex tax environment.

The 2020 Campaign and Taxes Part 3: Understanding the Push for Tax Increases

A central theme among the candidates vying for the Democratic presidential nomination has been increasing the tax burden on the wealthy.

State Incentives Deemed Tax-Free Nonshareholder Capital Contributions

Over the years, the IRS and taxpayers have battled the issue of whether state tax incentives and grants are taxable gross income under Reg. Section 1.61-1(a) or nontaxable contributions to capital under Section 118.

Webinar: The Evolution of Qualified Opportunity Zones: Update on New Regulations

Recent clarifications from the IRS expand the time period the opportunity is available and provide additional detail on which types of investments may be eligible for the program. Our 1-hour webinar will highlight what you need to know about the Qualified Opportunity Zone program to take advantage of the significant tax benefits it provides.

3 Reasons Not-for-Profits Should Make ERM a Higher Priority This Year

Your not-for-profit organization's internal and external stakeholders are growing more sophisticated.

Retailer Rewarded by Early Revenue Recognition Adoption Analysis

A retailer undergoing an enterprise resource planning (ERP) system upgrade needed to know the impact of adopting the new revenue recognition standard.

Engineering Firm Accelerates Adoption Time for Revenue Recognition Standard

An environmental engineering and consulting firm had several different revenue streams and faced a complex adoption of the new revenue recognition standard.

Revenue Recognition Analysis Supports Construction Company's Implementation

A construction company received a request from its parent company to evaluate the impact of adopting the new revenue recognition standard.

Rev Rec Consulting Updates SaaS Implementation Plan

A software as a service (SaaS) company needed to understand how the new revenue recognition accounting standard would affect its operations in order to address questions from its board and establish a meaningful operating budget for the next financial year.

Webinar: 2019 AICPA EBP Conference Summary

Select Mayer Hoffman McCann P.C. personnel who attend the conference will provide a debrief on the key points, tips and other guidance shared at the conference.

States Seek to Sweeten the Pot: Added Incentives to the Federal Qualified Opportunity Zone Legislation

Anticipation about forthcoming regulations for the Qualified Opportunity Zone (QOZ) program has grown to a fever pitch in recent weeks.

Second Quarter Webinars: A Deep Dive into the Leasing Standard and Important Tax Developments

CBIZ and MHM’s 2019 Executive Education Series™ unpacks some of the major changes coming your way through webinar-based training.

The Challenge with EBITDA in Private Equity Valuations

Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) is a common metric used by private equity fund managers to value investments made in portfolio companies.

Private Equity and the Qualified Opportunity Zone Gold Rush

Private equity and venture capital groups around the country have a lot of money but limited opportunities to spend it.

Webinar: Third Quarter Accounting and Financial Reporting Issues Update

This quarterly webinar will bring you up-to-date on hot topics, technical matters and current events that affect financial reporting.

3 Implications from the Loss of LIBOR

Financial services groups use benchmark interest rates to assist with business functions ranging from lending to mitigating interest rate risks. One of those benchmark interest rates, the London Inter-Bank Offered Rate (LIBOR), is effectively going away after 2021.

Webinar: Second Quarter Accounting and Financial Reporting Issues Update

This quarterly webinar will bring you up-to-date on hot topics, technical matters and current events that affect financial reporting.

Signs You Need a Chief Information Security Officer

Threats to information security are leading to innovation within the information technology function.

Webinar: Key International Tax Development Update Q2

Our webinar will recap hot topics, technical matters, and other current events that have a bearing on international tax planning and compliance. We will highlight emerging best practices and other tips to help you navigate through these areas.

Construction Vital Statistics - February 2019

Industry indicators suggest that the construction sector is poised for a strong start to 2019. Sales expectations and staffing level intentions are higher compared to the same period in 2018. The Construction Backlog indicator is down slightly from one year earlier and changes in nonresidential spending are up over the previous month as well as year-over-year.

Signs Your Not-for-Profit Needs an Executive Compensation Study

When it comes to what not-for-profit organizations should pay their top executives, the “instructions” are not always clear or obvious.

Webinar: Eye on Washington Quarterly Update Q1 2019

Our Eye on Washington webinars assist CEOs, CFOs, financial executives and advisors, and other interested parties in navigating the complex tax environment.

Definition of ‘Collections’ Clarified

Not-for-profit organizations that hold collections received some much-needed clarification from the Financial Accounting Standards Board (FASB) that will eliminate a diversity in practice.

The Challenging New Age of SOC Examinations for Software Companies

Cloud updates and other technology advances have put new pressure on most technology companies—especially Software as a Service (SaaS) companies—to streamline roll-outs of updates and new product offerings.

Welcome to the New Age of Cyber Regulations

The European General Data Protection Regulation (GDPR) might be ushering in a new age of cyber regulations.

Sorting Out the Impact of Revenue Recognition on Income Taxes

The Tax Cuts and Jobs Act (TCJA) introduced an additional test for when sales, gross receipts, and other items of income (collectively, sales) are recognized.

FASB Addresses Implementation Issues for Major Standards

Clarity is critical for implementing new accounting standards.

Webinar: First Quarter Accounting and Financial Reporting Issues Update

This quarterly webinar will bring you up-to-date on hot topics, technical matters and current events that affect financial reporting.

Accounting Standard Transitions May Be Rocky for Emerging Growth Companies

The Securities and Exchange Commission (SEC) cuts emerging growth companies some slack when it comes to their financial reporting requirements.

3 Not-for-Profit News Stories to Note

Several not-for-profit developments emerged during the first part of the year that should be on your organization’s radar.

Pros and Cons of Asset Acquisitions

In 2017 the Financial Accounting Standards Board issued an accounting standards update (ASU 2017-01) clarifying the definition of a business.

Improve Your Accounting for Fundraising

As not-for-profit organizations adopt the new financial statement presentation changes, they may want to take another look at their accounting for fundraising costs.

Highlights from the Department of Education Federal Student Aid Conference

As part of our commitment to keeping you informed with the latest regulatory developments, members of our Student Financial Aid Specialty Group recently attended the Department of Education’s Federal Student Aid (FSA) conference in Atlanta.

Webinar: Oddities in Leasing: Don't Let These Provisions Be the Odd Thing Out of Your Implementation Plan

Our free webinar will cover some of the specific considerations for the leasing standard, including build-to-suit and sale and leaseback arrangements as well as tax increment financing projects.

Webinar: How Not-for-Profit Organizations Can Prepare for the New Leasing Standard

This webinar will cover the specific considerations for leasing standard adoption for the nonprofit sector and the steps organizations can be taking now to ensure a smooth transition.

Business Interest Expense Limitation Clarified

The IRS released proposed regulations in November 2018 to provide taxpayers with guidance on applying a key tax reform provision related to business interest expense deductions.

Construction Vital Statistics - December 2018

Profit margin expectations were about the same in December 2018 as they were in December 2017. The Construction Backlog Indicator was down slightly, as were staffing level and sales expectations. The partial federal government shutdown disrupted some commonly used construction benchmarks, including housing permits, and starts, but that information is expected to be available again by early March.

Real Estate Partnerships and the Looming Tax Shelter Threat

Many touted the tax reform legislation known as the TCJA as the most significant change to the Internal Revenue Code (IRC) since the Tax Reform Act of 1986.

Commercial Real Estate Headed for a Slow Down

The improving economic conditions have created a near perfect environment for real estate over the past five years.

Webinar: Invest Time in Inventorying and Other Leasing Implementation Tips

In our free webinar, we will talk about the lease inventory process and other tips that can simplify implementation.

What 'Wayfair' Means for Not-for-Profits

The Supreme Court made 2018 an incredibly exciting year for state and local taxes.

6 Questions Manufacturers Should Be Asking About Their Revenue Recognition Progress

Starting in 2019, private manufacturers will be following new guidance for recognizing revenue from the contracts with their customers.