While we’ve kicked off a new year, it’s time for your annual reminder about the importance of closing 2021 financials and getting started on your business tax return…as quickly as possible! The months of January to May are extremely active…
Most owners wait until they’re ready to retire before they get serious about planning a transition. While most deals can be completed within 6-9 months, getting a deal done versus getting the price and terms you want can be very different…
Lawrence Moore, president of GAI: Gibson and Associates, Inc. earns Certified Valuation Analyst (CVA) credential with National Association of Certified Valuators and Analysts® (NACVA), which is the accreditation body of the Institute for Credentialing Excellence. The CVA designation is granted…
A good year to sell my business? Yes, 2021 is shaping up to be a great year to sell your business. Below are some discussion points that reflect what we are seeing in the M&A marketplace: Anticipated Tax Increase There is…
I called a residential service company the other day for a bid. The voice message basically said, “we aren’t taking appointments for 6 weeks. Job starts are 12 weeks out. Do not leave a message. Try back in July.” Wow!…
If you have asked yourself this question at least 10,000 times during ownership, well, you are pretty normal. When it comes to exit planning, that is, after all, the million dollar question…or two or three or ten million-dollar question. You’ve…
No doubt our readers have been following the latest legislation regarding the CARES Act. There are a lot of things to keep up on. As business owners, we trust you are getting details from your CPAs on the tax treatment…
In my office, a piece of art hangs on the wall, a Chinese, painted scroll I had commissioned nearly 15 years ago while I was working for a multinational manufacturing company with significant operations in China. The scroll represents two…
What can the game of tennis teach us about business? A lot, according to Timothy Gallwey, an author that will be familiar to many of you. The theme this month is inspired by the following excerpt from one of Gallwey’s…
Don’t wait to start your business valuation and begin exit planning. We have received numerous inquiries about the business transaction climate. Is it still the right time to sell the business? Are there buyers out there? Are banks still doing…
Last week, the House passed H.R. 7010, the Paycheck Protection Program Flexibility Act of 2020 (“PFA”). Late Wednesday, the Senate approved the PFA unanimously, so it is now headed to the President’s desk to become law. Read the bill HERE. The PFA proposes to…
This month we are sharing some new guidelines for the PPP Loan Forgiveness and the actual Application. First, a short, motivational topic on overcoming this crisis. Success is the Best Revenge. Over the past few weeks, we have been inspired by…