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Using Warren Buffett’s “Buffett-style” Valuation on US Bancorp 22 Aug 2013 | 05:57 am
I built an Excel file with a valuation model using Warren Buffett’s measure of “owner’s earnings.” Warren Buffett’s valuation theory In an interesting spin on valuation, analysts at AquaResearch ap....
Dodd-Frank Survives Court Challenge by States 22 Aug 2013 | 05:41 am
The states, in an amended complaint, challenged only the portion of Dodd-Frank that empowers the Treasury secretary to order a liquidation of a financial company whose collapse may threaten the stabil...
The Storm is Coming, Will Your Firm Survive a Natural Disaster? 22 Aug 2013 | 05:13 am
Preparing yourself and your clients for a natural disaster By taking steps before a natural disaster strikes, the firm can position itself to thrive in the aftermath. A meeting with your casualty ins...
Case Law Update: Charitable Deductions and Unlawful Detainer Action 22 Aug 2013 | 04:37 am
Employee Retirement Income Security Act & I.R.C. § 6662(a) This month in case law update we feature an ESOP case that raises questions regarding the actions ESOP fiduciaries must undertake due to a ...
IRC Section 4958 — A Big Hammer in the IRS Toolbox 22 Aug 2013 | 03:30 am
Not for profit entities must plan and document their executive compensation packages outlined in IRC Section 4958 To ensure that not for profit entities are being good stewards of their donors, or ta...
Moving Toward the Virtual Firm (Part 3 of 5) 22 Aug 2013 | 01:59 am
Virtual firm tools and digital technology removes barriers and excuses In this third installment (moving toward the virtual firm) of her five-part series, Simone Hoover examines who is the best candi...
Minnesota Twins Ownership Tangled in IRS Estate Tax Debate 9 Aug 2013 | 06:37 am
In early 2009, Carl Pohlad, investor and principle owner of the Minnesota Twins, passed away, leaving controlling ownership of the team to his sons. In settling the estate, the new owners now find th...
Finance Chairman Preps Congress for Tax Reform 9 Aug 2013 | 06:32 am
According to The Hill, Senate Finance Committee Chairman, Max Baucus (D-Mont) has put the committee on notice to expect a comprehensive tax reform overhaul this fall. While not committing to a specifi...
Is Depreciation a Real Expense? 9 Aug 2013 | 06:28 am
Depreciation is not a “paper” expense. It is very real. Fully depreciating capital assets distorts the income statement and balance sheet. The depreciation recorded for tax and financial reporting pu...
On the Waterfront 9 Aug 2013 | 06:24 am
Appraising marina properties is a challenging niche with as many variables as there are bodies of water Just like appraisals on dry land, location plays a major role in developing an opinion of value...