Archive for October 2018
Opening your First Restaurant? Here’s How to Raise Capital
Opening up a business for the first time in any industry is difficult. Opening up your first restaurant is even harder. Restaurants are capital-intensive and expensive to build out, and the stabilization period is long and uncertain. Compared to experienced business owners with a financial history, first-time restaurant owners will have limited access to sources…
Read MoreOpening your First Restaurant? Here’s How to Raise Capital
Opening up a business for the first time in any industry is difficult. Opening up your first restaurant is even harder. Restaurants are capital-intensive and expensive to build out, and the stabilization period is long and uncertain. Compared to experienced business owners with a financial history, first-time restaurant owners will have limited access to sources…
Read MoreTeddy Brown Named to Emory University’s 2018 Class of 40 Under Forty
Contact: Kayla Harris or 770-353-5345 Award honors accomplished Emory University graduates ATLANTA (DATE) – Aprio, LLP, a nationally-recognized CPA-led business advisory firm is pleased to announce that Theodore (Teddy) Brown, senior manager in the firm’s Litigation Support and Forensic Accounting Servicesgroup, has been named to Emory University’s prestigious 2018 Class of 40 Under Forty. Each…
Read MoreWhat’s Your Construction Company Worth?
It is important that you have a comprehensive understanding of the three primary methods used to estimate the fair market value of your company and the eight factors to consider in valuations of a closely held business. Typically, the owner of a construction company works a lifetime to build a business and provide financial security…
Read MoreShould Entertainment Expenses Be Fully Disallowed?
Although companies are no longer eligible to deduct business entertainment expenses like baseball tickets and golf outings, Notice 2018-76 was released and provides guidance that allows companies to partially deduct the meals incurred at entertainment events. It used to be ok to lump together things like games and dinners as “meals and entertainment” expenses because…
Read MoreMercedes, Lexus Forfeit in ERISA Case Underscores Need for Fiduciary Best Practices
The order by the U.S. District Court judge in Mississippi was clear: hand over the Mercedes, two Lexuses, a truck and proceeds from the sale of life insurance policies as security in the $6.49 million judgement for fiduciary violations. The judgment against Herbert Bruister, the former CEO of a DirecTV installation subcontractor called Bruister &…
Read MoreGSA Migrating All Sales Reporting to FAS Sales Reporting Portal
The General Services Administration (GSA) intends to migrate all Schedule contracts currently reporting sales in the 72A system over to the new FAS Sales Reporting Portal (SRP) by April 2019. The SRP was initially created as part of the Transactional Data Reporting (TDR) Pilot, so contractors participating in the pilot are already familiar with it.…
Read MoreIRS Issues Practice Aid on S Corporation Stock Basis Ordering Rules
In early January 2018, the IRS issued a practice unit on the S Corporation stock basis ordering rules. A practice unit is issued by the IRS’ large business and international group and consists of training materials and job aids to educate IRS agents on specific issues. While practice aids cannot be relied upon to support…
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