As a result of the Tax Cuts and Jobs Act of 2017, alimony payments will no longer be deductible under divorce agreements entered into after December 31, 2018. So, what does this change mean for divorcing spouses and their counsel? Simply put, alimony payments will no longer be taxable to recipients.
Fictitious vendor fraud is a rather common scheme. Unfortunately, it is more difficult to detect than just a quick scan of the payees or the check amounts. Spending a little time implementing a thorough vendor setup program is a great first step in preventing fictitious payment fraud.
National statistics and our own firsthand experience indicate that internal fraud and employee embezzlement are not going away anytime soon. So what’s the easiest step that a company or organization can implement to combat the hidden threat of employee misappropriation, theft and fraud? A written corporate fraud policy.
If you are looking at buying a privately held operating business or a division of a publicly traded company, here are some issues to consider during your due diligence and offer determination processes.
The road to victory in the acquisition game is not always a smooth one. Along the way, you’ll hit bumps, slick patches, possibly some potholes—and there are lots of opportunities to detour down alternate paths that may or may not prove wise.
If there’s one constant in M&A, it’s change. Businesses change. Markets fluctuate. Regulations are enacted. Political landscapes shift. And technology marches ever onward. The better a business performs based on any number of key metrics, the better its multiple is in the eyes of the market.
Building a winning mergers and acquisitions strategy starts with planning, and planning should occur well in advance of any discussions with potential targets.
We have waited in limbo for the past year to learn the fate of these proposed changes to the tax code. Just over a week ago, the estate and gift tax planning world finally received some closure.