Category: Mergers & Acquisitions

A business valuation report is the complex process of and set of procedures used to estimate the economic value of a business. This economic value can be used to make financial decisions or determine the outcome of a major business event. In industries subject to constant change, such as construction, this can be a life saver for the company’s economic wellbeing. Ideally, an industry-recognized valuation expert—such as a certified valuation analyst—who has experience working with construction businesses with their taxes,… Read more ›

Comprehensive financial statements prepared under U.S. Generally Accepted Accounting Principles (GAAP) include three reports: the balance sheet, income statement and statement of cash flows. Together these reports can be powerful diagnostic tools to help evaluate the financial well-being of a business. Moreover, by carefully analyzing them, you may be able to uncover potential money-management problems or even fraudulent activity. Balance Sheets Show Assets vs. Liabilities The balance sheet provides a snapshot of a company’s financial health at a moment in… Read more ›

It’s not uncommon for an incoming partner in a professional firm to take out a personal loan to finance all or part of the cost of acquiring an ownership interest. If some of your firm’s partners have done this, they need to know the proper federal income tax treatment of the resulting interest expense. Such partner-level interest expense is sometimes called “outside interest” because it comes from a personal loan that is outside of the partnership. IRS guidelines say outside… Read more ›

Buying another construction firm can be an attractive way to grow your company’s revenue base. A merger or an acquisition can allow you to: Add a new subcontracting specialty, Acquire an experienced labor force to reach new markets, and Deepen your penetration into the market your firm already serves. But there’s more to mergers and acquisitions than agreeing on a purchase price and signing the paperwork. For example, which employees should be made privy to the transaction? And how do… Read more ›

PDF: Councilor, Buchanan & Mitchell (CBM) Named Accounting Broker for Dealership Buy-Sell Transactions in Virginia, Maryland and Delaware Councilor, Buchanan & Mitchell (CBM), a full-service tax, accounting and advisory business serving clients up and down the East Coast, has been named by the LabNation brokerage network as the select broker to deliver accounting expertise to Maryland, Virginia and Delaware dealerships entering buy-sell transactions. LabNation, the nation’s only multiple listing service (MLS) serving the automotive industry, provides dealership owners with access… Read more ›