UHY Advisors has a dedicated group of professionals committed to providing valuations to enterprises, business owners, and their advisors. The core of our experience is built upon the valuation of financial assets, both tangible and intangible
We serve a range of clients from publicly traded corporations to privately-held companies in numerous industries. Our clients and their advisors rely on our technical expertise, superior service, and access to the resources and industry expertise resident throughout UHY Advisors. Whether it is for purposes of financial reporting; tax planning and compliance; mergers and acquisitions; litigation; or corporate strategy, our core competency is relevant and often critical to the client's needs.
We have an uncompromising determination to continually surpass expectations. We take pride in providing well-supported analysis and giving advice on time and with exceedingly high standards. We take the time to understand our client's needs and remain flexible to tailor each project to satisfy the requirements of the situation.
The IRS has rules that limit the deductibility of expenses and losses from a hobby or activity not engaged in for profit. If the IRS determines that an activity is not profit-driven, deductions from the activity are limited to the amount of income the activity generates. Losses from such activities cannot be used to offset other income, such as salary or investments.
The prudent businessperson is always cautious when he or she is offered a great bargain on real estate, equipment, a business interest, or some other property that just might be too good to be true. Even in connection with ordinary business transactions but especially when considering taking over a property or business that in a bargain because of some legal wrinkle, you should consider whether there might be some tax liability attached to the bargain that could come back to haunt you down the road.
On Aug. 4, 2016, The IRS issued proposed regulations that will dramatically affect your ability as a business owner to transfer wealth to the next generation in a tax efficient manner. The time to act is now as these changes could be in force by the end of this year. These regulations are currently open for public comments which could result in changes, however waiting may not be the most prudent option.
When was the last time you looked at your buy/sell agreement? Chances are it's been a while. Some of you may not even know where your buy/sell agreement is or worse yet - don't have one at all. The purpose of such an agreement is to establish a process by which shareholders of a privately held business can both create liquidity in their shares and limit exposure to unintended shareholders upon a specific triggering event such as the death of a shareholder.
The Financial Accounting Standards Board (FASB) recently issued exposure drafts of accounting standards updates designed to reduce the cost and complexity of accounting for intangible assets acquired by private companies in business combinations.
What every business owner should know about the business valuation process