When a couple gets divorced, their assets are typically divided
between them. Under Ohio law, the assets of each spouse in a
pending divorce may be classified as either "marital" property
(divided between the couple) or "separate" property (retained by
the owning spouse) depending on the source of funds used to obtain
the assets and the ability to trace the use of those separate funds
to the assets in question. When claiming that certain
property is separate and not marital, the burden...
“Practice?
We’re talking about practice?” I doubt that Allen Iverson knew that
his words would live in infamy when he discussed practice in an
interview a number of years ago. I think that many of us
would disagree with the lack of importance he associated with
practice – practice is the time that the head coach, his or her
assistants, and the team discuss and implement strategies for their
next game. It is a time that can be used to regroup and make
sure that everyone is on the “same page”...
It is not often that we are hired to conduct a forensic
investigation as a result of the questionable actions of an outside
bookkeeper – or worse an external CPA. I’ll never forget
recent one case where I went to meet with the dentist (who
suspected that he was a victim) and when I arrived at his residence
to discuss the case, I noted that there was an express delivery
envelope on his door step. I handed it to him. In the
envelope was a $131,000 check from his former CPA for the
“repayment of...
The
sun will rise each morning in the east… that’s a sure thing.
People will continue to post way too much personal information
about themselves on Facebook… that’s a pretty sure thing.
LeBron James is stepping to the line for two free throws with the
game hanging in the balance… well, there’s nothing sure about that
(had to get that jab in - as you can tell, my LeBron angst still
hasn’t completely subsided). Kidding aside, there aren’t many
things these days that can be considered a sure...
For companies out there with indefinite-lived intangible assets
on their books, your annual impairment testing just got much
simpler. On the heels of FASB permitting “qualitative”
goodwill impairment analyses instead of requiring quantitative
computations (see our previous blog,
What Do the Proposed Changes to Goodwill Impairment Testing
Mean For You), a similar change has been made for
indefinite-lived intangible assets such as trademarks and
licenses.
When one company is acquiring another, the deal price is often
the primary factor considered. Too many times, however, critical
issues are overlooked.
Deals get started and then take on a life of their own. During
the acquisition process, the company is often focused on
negotiating and finalizing the deal. However, there are a number of
valuation-related issues that can be important to consider, but
which are often overlooked. Some companies try to address
these issues after the fact, but the...
Based on the positive response from the
previous blog on tips to increase the value of your business,
we compiled ideas for a follow up article. The original blog
focused on tips that directly impacted the earnings and cash flow
generated by a company. The tips in this iteration focus on
non-financial improvements that can be implemented to increase
company value.
Minimize
Reliance on Key Employees – While it can offer great job
security for the employees, relying on a small handful of...
For more information on our tips to increase the value of
your business, contact Sean Saari in our Cleveland Valuation
Services group by leaving a comment below or by calling
440-449-6800.
Having been
involved with hundreds of valuation engagements, we have seen the
good, the bad and the ugly of company values. What we have
found is that the companies with the highest values tend to have a
few operational characteristics in common. With that in mind,
we would like to share a handful of tips based on what we have seen
in place at high-value companies that you can consider when working
to increase the value of your business.
Earnings / Cash Flow Volume – The amount
of earnings...
How to Implement Internal Controls to Prevent Employee
Theft
You think it can’t happen to you. Your employees are honest, you
trust them and they would never steal from you. But no company is
exempt from the threat of fraud.
Recent changes to the Ohio Revised Code streamlined the process
for relief and clarified the rights of dissenting shareholders of
corporations formed in Ohio. The changes clarify the
appropriate standard of value to be applied in dissenting
shareholder rights disputes.
Defining Fair Cash Value
One of the items clarified from a valuation perspective was
Ohio’s measurement of ‘fair cash value.’ According to Ohio
law, ‘fair cash value’ is defined as, “the amount that a willing
seller who is under...
You think it can’t happen to you. Your employees are honest, you
trust them and they would never steal from you. But no company is
exempt from the threat of fraud.
Fraud is out there, it is increasing and companies need to be
more vigilant. They need to not be so trusting and raise their
level of awareness.
How does fraud occur?
Ninety percent of fraud occurs in disbursements, money leaving
the company in the form of unauthorized checks, electronic funds
transfers and debit transactions. Employees...
“Practice?
We’re talking about practice?” I doubt that Allen Iverson knew that
his words would live in infamy when he discussed practice in an
interview a number of years ago. I think that many of us
would disagree with the lack of importance he associated with
practice – practice is the time that the head coach, his or her
assistants, and the team discuss and implement strategies for their
next game. It is a time that can be used to regroup and make
sure that everyone is on the “same page”...
he
sun will rise each morning in the east… that’s a sure thing.
People will continue to post way too much personal information
about themselves on Facebook… that’s a pretty sure thing.
LeBron James is stepping to the line for two free throws with the
game hanging in the balance… well, there’s nothing sure about that
(had to get that jab in - as you can tell, my LeBron angst still
hasn’t completely subsided). Kidding aside, there aren’t many
things these days that can be considered a sure...
Minimize
Reliance on Key Employees – While it can offer great job
security for the employees, relying on a small handful of...
Having been
involved with hundreds of valuation engagements, we have seen the
good, the bad and the ugly of company values. What we have
found is that the companies with the highest values tend to have a
few operational characteristics in common. With that in mind,
we would like to share a handful of tips based on what we have seen
in place at high-value companies that you can consider when working
to increase the value of your business. 
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